Francois Rochon - Giverny Capital 13F Activity & Position Changes (Q3 2019)

According to the SEC 13F filed on Aug 14, 2026, the Giverny Capital portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2019. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q3 2019, the filing reported:

New Buys - Progressive Corporation (The)

Increases - AMETEK, Inc., Bank of America Corporation, Berkshire Hathaway Inc. New, Walt Disney Company (The), Edwards Lifesciences Corporatio, and 15 more

Reductions - Alphabet Inc., Heico Corporation, Mohawk Industries, Inc., TJX Companies, Inc. (The), Visa Inc.

Complete Exits - LKQ Corporation

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2019	AME AMETEK, Inc.	AMETEK, Inc.	Buy	+4,559	+0.6%	$73.22K	797,424
Q3 2019	BAC Bank of America Corporation	Bank of America Corporation	Buy	+64,729	+7.3%	$27.59K	945,735
Q3 2019	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+6,525	+0.8%	$181.18K	870,968
Q3 2019	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+52	+0.0%	$25.64K	196,724
Q3 2019	EW Edwards Lifesciences Corporatio	Edwards Lifesciences Corporatio	Buy	+243	+0.2%	$27.98K	127,233
Q3 2019	FBIN Fortune Brands Innovations, Inc	Fortune Brands Innovations, Inc	Buy	+1,663	+0.3%	$33.95K	620,746
Q3 2019	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+517	+1.5%	$43.43K	35,627
Q3 2019	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-87	-1.5%	$7.05K	5,776
Q3 2019	HCSG Healthcare Services Group, Inc.	Healthcare Services Group, Inc.	Buy	+2,230	+0.7%	$7.67K	315,908
Q3 2019	HEI-A Heico Corporation	Heico Corporation	Sell	-1,258	-0.3%	$47.21K	485,174
Q3 2019	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy	+3,771	+1.1%	$39.75K	337,782
Q3 2019	KEYS Keysight Technologies Inc.	Keysight Technologies Inc.	Buy	+16,567	+5.8%	$29.18K	300,068
Q3 2019	KMX CarMax Inc	CarMax Inc	Buy	+3,003	+0.2%	$107.63K	1,223,108
Q3 2019	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Buy	+551	+0.5%	$20.33K	114,671
Q3 2019	LKQ LKQ Corporation	LKQ Corporation	Sell - Position Exit	-220	-100.0%	$0.00	-
Q3 2019	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+3,636	+2.1%	$31.51K	176,952
Q3 2019	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-163,448	-97.1%	$616.00	4,961
Q3 2019	MKL Markel Group Inc.	Markel Group Inc.	Buy	+418	+1.1%	$45.28K	38,312
Q3 2019	MTB M&T Bank Corporation	M&T Bank Corporation	Buy	+2,481	+1.8%	$21.81K	138,067
Q3 2019	NVR NVR, Inc.	NVR, Inc.	Buy	+148	+1.0%	$53.75K	14,460
Q3 2019	ORLY O'Reilly Automotive, Inc.	O'Reilly Automotive, Inc.	Buy	+614	+2.2%	$11.12K	27,911
Q3 2019	OZK Bank OZK	Bank OZK	Buy	+1,777	+0.2%	$19.98K	732,756
Q3 2019	PGR Progressive Corporation (The)	Progressive Corporation (The)	Buy - Position Entry	+268,243	-	$20.72K	268,243
Q3 2019	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Buy	+7,964	+0.9%	$39.16K	936,161
Q3 2019	TJX TJX Companies, Inc. (The)	TJX Companies, Inc. (The)	Sell	-259	-2.8%	$506.00	9,082
Q3 2019	UNP Union Pacific Corporation	Union Pacific Corporation	Buy	+772	+0.5%	$25.92K	160,011
Q3 2019	V Visa Inc.	Visa Inc.	Sell	-234	-0.1%	$53.24K	309,533