Francois Rochon - Giverny Capital 13F Activity & Position Changes (Q3 2025)
According to the SEC 13F filed on Nov 14, 2025, the Giverny Capital portfolio showed several notable changes in holdings as of quarter-end Sep 30, 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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