Francois Rochon - Giverny Capital 13F Activity & Position Changes (Q3 2024)

As of Sep 30, 2024, the Giverny Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 13, 2024. 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 2024, the filing reported:

New Buys - Capital One Financial Corporati, Costco Wholesale Corporation, Liberty Media Corp Formula One Group, Intercontinental Exchange Inc., Yum China Holdings, Inc.

Increases - Analog Devices, Inc., Align Technology, Inc., AMETEK, Inc., Arista Networks, Bank of America Corporation, and 30 more

Reductions - Apple Inc., Floor & Decor Holdings, Inc., Alphabet Inc., iShares U.S. Home Construction

Complete Exits - Airbnb, Inc., Ferguson, Grayscale Bitcoin Trust (BTC)

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 2024	AAPL Apple Inc.	Apple Inc.	Sell	-175	-1.7%	$2.30M	9,852
Q3 2024	ABNB Airbnb, Inc.	Airbnb, Inc.	Sell - Position Exit	-7,055	-100.0%	$0.00	-
Q3 2024	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy	+5,688	+2.8%	$47.44M	206,111
Q3 2024	ALGN Align Technology, Inc.	Align Technology, Inc.	Buy	+3,002	+10.0%	$8.39M	32,993
Q3 2024	AME AMETEK, Inc.	AMETEK, Inc.	Buy	+22,526	+2.4%	$164.71M	959,222
Q3 2024	ANET Arista Networks	Arista Networks	Buy	+9,051	+9.3%	$40.94M	106,670
Q3 2024	BAC Bank of America Corporation	Bank of America Corporation	Buy	+3,933	+0.4%	$39.29M	990,048
Q3 2024	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy	+512	+2.6%	$86.41M	20,515
Q3 2024	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+4,841	+1.0%	$225.21M	489,311
Q3 2024	CACC Credit Acceptance Corporation	Credit Acceptance Corporation	Buy	+4,151	+16.5%	$12.97M	29,258
Q3 2024	COF Capital One Financial Corporati	Capital One Financial Corporati	Buy - Position Entry	+14,774	-	$2.21M	14,774
Q3 2024	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Buy - Position Entry	+240	-	$212.76K	240
Q3 2024	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+12,286	+5.3%	$23.62M	245,548
Q3 2024	EW Edwards Lifesciences Corporatio	Edwards Lifesciences Corporatio	Buy	+272	+0.1%	$29.45M	446,288
Q3 2024	FBIN Fortune Brands Innovations, Inc	Fortune Brands Innovations, Inc	Buy	+475	+0.1%	$39.94M	446,106
Q3 2024	FERG Ferguson	Ferguson	Sell - Position Exit	-29,765	-100.0%	$0.00	-
Q3 2024	FI Fiserv, Inc.	Fiserv, Inc.	Buy	+16,345	+3.4%	$90.05M	501,278
Q3 2024	FIVE Five Below, Inc.	Five Below, Inc.	Buy	+27,374	+3.9%	$64.08M	725,249
Q3 2024	FND Floor & Decor Holdings, Inc.	Floor & Decor Holdings, Inc.	Sell	-45,617	-16.5%	$28.64M	230,681
Q3 2024	FWONK Liberty Media Corp Formula One Group	Liberty Media Corp Formula One Group	Buy - Position Entry	+15,000	-	$1.16M	15,000
Q3 2024	GBTC Grayscale Bitcoin Trust (BTC)	Grayscale Bitcoin Trust (BTC)	Sell - Position Exit	-7,442	-100.0%	$0.00	-
Q3 2024	GOOG Alphabet Inc.	Alphabet Inc.	Sell	-1,256	-0.2%	$108.03M	646,180
Q3 2024	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+36,621	+11.8%	$57.50M	346,704
Q3 2024	HEI-A Heico Corporation	Heico Corporation	Buy	+9,296	+1.3%	$149.35M	732,993
Q3 2024	IBP Installed Building Products, In	Installed Building Products, In	Buy	+15,563	+3.3%	$119.96M	487,115
Q3 2024	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Buy - Position Entry	+16,799	-	$2.70M	16,799
Q3 2024	ITB iShares U.S. Home Construction	iShares U.S. Home Construction	Sell	-2,263	-18.0%	$1.31M	10,299
Q3 2024	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy	+3,098	+7.7%	$9.14M	43,324
Q3 2024	KEYS Keysight Technologies Inc.	Keysight Technologies Inc.	Buy	+1,512	+0.3%	$76.46M	481,070
Q3 2024	KMX CarMax Inc	CarMax Inc	Buy	+42,177	+2.6%	$126.68M	1,637,125

Page 1 of 2