Francois Rochon - Giverny Capital 13F Activity & Position Changes (Q3 2025)
As of Sep 30, 2025, the Giverny Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on Nov 14, 2025. 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 2025, the filing reported:
New Buys - ResMed Inc.
Increases - TWFG, Analog Devices, Inc., AMETEK, Inc., Booking Holdings Inc. Common St, Brown & Brown, Inc., and 19 more
Reductions - Apple Inc., Align Technology, Inc., Arista Networks, Inc., Builders FirstSource, Inc., Berkshire Hathaway Inc. New, and 10 more
Complete Exits - Amazon.com, Inc., Bank of America Corporation, Intuitive Surgical, Inc., Starbucks Corporation
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.
| Date | Symbol | Type | Change Qty |
|---|---|---|---|
|
Q3 2025
|
87318A101
TWFG
|
Buy |
+122,469
|
|
Q3 2025
|
AAPL
Apple Inc.
|
Sell |
-101
|
|
Q3 2025
|
ADI
Analog Devices, Inc.
|
Buy |
+357
|
|
Q3 2025
|
ALGN
Align Technology, Inc.
|
Sell |
-667
|
|
Q3 2025
|
AME
AMETEK, Inc.
|
Buy |
+332
|
|
Q3 2025
|
AMZN
Amazon.com, Inc.
|
Sell - Position Exit |
-1,174
|
|
Q3 2025
|
ANET
Arista Networks, Inc.
|
Sell |
-70,162
|
|
Q3 2025
|
BAC
Bank of America Corporation
|
Sell - Position Exit |
-1,004,119
|
|
Q3 2025
|
BKNG
Booking Holdings Inc. Common St
|
Buy |
+53
|
|
Q3 2025
|
BLDR
Builders FirstSource, Inc.
|
Sell |
-221
|
|
Q3 2025
|
BRK-B
Berkshire Hathaway Inc. New
|
Sell |
-1,140
|
|
Q3 2025
|
BRO
Brown & Brown, Inc.
|
Buy |
+609
|
|
Q3 2025
|
CACC
Credit Acceptance Corporation
|
Sell |
-23,627
|
|
Q3 2025
|
COF
Capital One Financial Corporati
|
Sell |
-999
|
|
Q3 2025
|
DIS
Walt Disney Company (The)
|
Sell |
-75
|
|
Q3 2025
|
FERG
Ferguson Enterprises Inc.
|
Sell |
-176
|
|
Q3 2025
|
FI
Fiserv, Inc.
|
Buy |
+2,683
|
|
Q3 2025
|
FIVE
Five Below, Inc.
|
Buy |
+11,219
|
|
Q3 2025
|
FND
Floor & Decor Holdings, Inc.
|
Buy |
+317
|
|
Q3 2025
|
GOOG
Alphabet Inc.
|
Sell |
-15,504
|
|
Q3 2025
|
GOOGL
Alphabet Inc.
|
Sell |
-20,474
|
|
Q3 2025
|
HEI-A
Heico Corporation
|
Buy |
+9
|
|
Q3 2025
|
IBP
Installed Building Products, In
|
Buy |
+277
|
|
Q3 2025
|
ISRG
Intuitive Surgical, Inc.
|
Sell - Position Exit |
-405
|
|
Q3 2025
|
ITB
iShares U.S. Home Construction
|
Buy |
+43
|
|
Q3 2025
|
JPM
JP Morgan Chase & Co.
|
Sell |
-245
|
|
Q3 2025
|
KEYS
Keysight Technologies Inc.
|
Buy |
+342
|
|
Q3 2025
|
KMX
CarMax Inc
|
Buy |
+14,184
|
|
Q3 2025
|
KNSL
Kinsale Capital Group, Inc.
|
Buy |
+11,309
|
|
Q3 2025
|
LFUS
Littelfuse, Inc.
|
Buy |
+145
|
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