Francois Rochon - Giverny Capital 13F Activity & Position Changes (Q4 2019)

As of Dec 31, 2019, 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 2019, the filing reported:

New Buys - None reported

Increases - AMETEK, Inc., Bank of America Corporation, Berkshire Hathaway Inc. New, Walt Disney Company (The), Edwards Lifesciences Corporatio, and 17 more

Reductions - CarMax Inc, Mastercard Incorporated, Mohawk Industries, Inc., O'Reilly Automotive, Inc., Bank OZK, and 1 more

Complete Exits - None reported

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 2019	AME AMETEK, Inc.	AMETEK, Inc.	Buy	+35,424	+4.4%	$83.07K	832,848
Q4 2019	BAC Bank of America Corporation	Bank of America Corporation	Buy	+18,412	+1.9%	$33.96K	964,147
Q4 2019	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+19,806	+2.3%	$201.76K	890,774
Q4 2019	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+3,216	+1.6%	$28.92K	199,940
Q4 2019	EW Edwards Lifesciences Corporatio	Edwards Lifesciences Corporatio	Buy	+1,282	+1.0%	$29.98K	128,515
Q4 2019	FBIN Fortune Brands Innovations, Inc	Fortune Brands Innovations, Inc	Buy	+8,568	+1.4%	$41.12K	629,314
Q4 2019	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+876	+2.5%	$48.80K	36,503
Q4 2019	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+594	+10.3%	$8.53K	6,370
Q4 2019	HCSG Healthcare Services Group, Inc.	Healthcare Services Group, Inc.	Buy	+3,802	+1.2%	$7.78K	319,710
Q4 2019	HEI-A Heico Corporation	Heico Corporation	Buy	+16,535	+3.4%	$44.92K	501,709
Q4 2019	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy	+2,243	+0.7%	$47.40K	340,025
Q4 2019	KEYS Keysight Technologies Inc.	Keysight Technologies Inc.	Buy	+97,902	+32.6%	$40.84K	397,970
Q4 2019	KMX CarMax Inc	CarMax Inc	Sell	-53,130	-4.3%	$102.57K	1,169,978
Q4 2019	LFUS Littelfuse, Inc.	Littelfuse, Inc.	Buy	+1,699	+1.5%	$22.26K	116,370
Q4 2019	LUV Southwest Airlines Company	Southwest Airlines Company	Buy	+4,014	+92.6%	$451.00	8,348
Q4 2019	MA Mastercard Incorporated	Mastercard Incorporated	Sell	-98	-4.8%	$580.00	1,941
Q4 2019	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+6,284	+3.6%	$37.61K	183,236
Q4 2019	MHK Mohawk Industries, Inc.	Mohawk Industries, Inc.	Sell	-1,743	-35.1%	$439.00	3,218
Q4 2019	MKL Markel Group Inc.	Markel Group Inc.	Buy	+700	+1.8%	$44.60K	39,012
Q4 2019	MTB M&T Bank Corporation	M&T Bank Corporation	Buy	+1,301	+0.9%	$23.66K	139,368
Q4 2019	NVR NVR, Inc.	NVR, Inc.	Buy	+636	+4.4%	$57.49K	15,096
Q4 2019	ORLY O'Reilly Automotive, Inc.	O'Reilly Automotive, Inc.	Sell	-273	-1.0%	$12.11K	27,638
Q4 2019	OZK Bank OZK	Bank OZK	Sell	-346,176	-47.2%	$11.79K	386,580
Q4 2019	PGR Progressive Corporation (The)	Progressive Corporation (The)	Buy	+181,146	+67.5%	$32.53K	449,389
Q4 2019	SCHW Charles Schwab Corporation (The	Charles Schwab Corporation (The	Buy	+15,716	+1.7%	$45.27K	951,877
Q4 2019	TJX TJX Companies, Inc. (The)	TJX Companies, Inc. (The)	Sell	-110	-1.2%	$548.00	8,972
Q4 2019	UNP Union Pacific Corporation	Union Pacific Corporation	Buy	+1,933	+1.2%	$29.28K	161,944
Q4 2019	V Visa Inc.	Visa Inc.	Buy	+5,025	+1.6%	$59.10K	314,558