Francois Rochon - Giverny Capital 13F Activity & Position Changes (Q4 2018)

As of Dec 31, 2018, the Giverny Capital portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. 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 Q4 2018, the filing reported:

New Buys - Bank OZK

Increases - Apple Inc., Fortune Brands Innovations, Inc, Alphabet Inc., JP Morgan Chase & Co., Meta Platforms, Inc., and 6 more

Reductions - AMETEK, Inc., Berkshire Hathaway Inc. New, Walt Disney Company (The), Edwards Lifesciences Corporatio, Liberty Media Corp Formula One Group, and 9 more

Complete Exits - Ryanair Holdings plc

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
Q4 2018	AAPL Apple Inc.	Apple Inc.	Buy	+51	+2.4%	$344.00	2,178
Q4 2018	AME AMETEK, Inc.	AMETEK, Inc.	Sell	-5,530	-0.7%	$51.83K	765,626
Q4 2018	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Sell	-4,518	-0.6%	$164.98K	808,018
Q4 2018	DIS Walt Disney Company (The)	Walt Disney Company (The)	Sell	-111,389	-36.8%	$21.02K	191,663
Q4 2018	EW Edwards Lifesciences Corporatio	Edwards Lifesciences Corporatio	Sell	-58,512	-32.4%	$18.71K	122,178
Q4 2018	FBIN Fortune Brands Innovations, Inc	Fortune Brands Innovations, Inc	Buy	+204,241	+53.7%	$22.20K	584,497
Q4 2018	FWONK Liberty Media Corp Formula One Group	Liberty Media Corp Formula One Group	Sell	-10,674	-1.6%	$20.43K	665,538
Q4 2018	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+251	+0.7%	$35.41K	34,193
Q4 2018	GOOGL Alphabet Inc.	Alphabet Inc.	Sell	-44	-0.8%	$5.89K	5,638
Q4 2018	HEI-A Heico Corporation	Heico Corporation	Sell	-6,661	-1.4%	$28.77K	456,666
Q4 2018	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy	+95,425	+46.2%	$29.50K	302,194
Q4 2018	KMX CarMax Inc	CarMax Inc	Sell	-13,912	-1.2%	$72.49K	1,155,593
Q4 2018	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Sell	-817	-0.8%	$17.37K	101,282
Q4 2018	LKQ LKQ Corporation	LKQ Corporation	Sell	-7,750	-1.8%	$10.28K	433,083
Q4 2018	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+3,261	+2.9%	$15.32K	116,870
Q4 2018	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Buy	+105,718	+89.4%	$26.19K	223,935
Q4 2018	MKL Markel Group Inc.	Markel Group Inc.	Buy	+227	+0.7%	$35.75K	34,438
Q4 2018	MTB M&T Bank Corporation	M&T Bank Corporation	Buy	+2,217	+1.8%	$17.71K	123,764
Q4 2018	NVR NVR, Inc.	NVR, Inc.	Buy	+6,382	+91.0%	$32.64K	13,395
Q4 2018	ORLY O'Reilly Automotive, Inc.	O'Reilly Automotive, Inc.	Sell	-975	-1.9%	$17.27K	50,152
Q4 2018	OZK Bank OZK	Bank OZK	Buy - Position Entry	+671,992	-	$15.34K	671,992
Q4 2018	RYAAY Ryanair Holdings plc	Ryanair Holdings plc	Sell - Position Exit	-2,500	-100.0%	$0.00	-
Q4 2018	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Buy	+158,217	+31.3%	$27.59K	664,346
Q4 2018	SPY SPDR S&P 500	SPDR S&P 500	Sell	-7	-0.1%	$1.32K	5,295
Q4 2018	TJX TJX Companies, Inc. (The)	TJX Companies, Inc. (The)	Buy	+5,467	+100.0%	$489.00	10,934
Q4 2018	UNP Union Pacific Corporation	Union Pacific Corporation	Sell	-83,688	-30.1%	$26.86K	194,347
Q4 2018	V Visa Inc.	Visa Inc.	Sell	-4,836	-1.6%	$39.29K	297,762