Francois Rochon - Giverny Capital Investment Strategy & Portfolio Analysis
How Giverny Capital allocates capital, manages risk, and constructs its portfolio — based on SEC 13F filings.
As of Mar 31, 2026, Francois Rochon's Giverny Capital portfolio reflects a quant / systematic investor approach across 50 reported 13F positions. Portfolio returns are distributed across holdings, with the top five positions representing approximately 31% of total exposure. The portfolio maintains structural breadth across 50 positions, with economic weighting tilted toward financials and consumer cyclical companies names. Exposure to high-growth and technology-oriented segments is moderate relative to peers, with performance instead anchored in durable, cash-generating businesses across financials, consumer discretionary, and communication services. The portfolio exhibits extremely low turnover, reinforcing a patient, conviction-led investment approach. Distinctive traits include Long-Term Holder, Broadly Diversified, Structurally Diversified.
Investment Style
Value, growth, quality, and behavioral classification from latest 13F holdings.
Primary type: Quant / Systematic Investor
Traits: Long-Term Holder, Broadly Diversified, Structurally Diversified
Turnover profile
Buy & Hold
Holding horizon
Long-Term
Portfolio Construction
Concentration and position sizing in the latest filing.
Portfolio construction is lowly concentrated: top three names represent 19.7% of assets, top five 30.8%, and the largest single position is 6.7%.
Top 3 weight
19.7%
Top 5 weight
30.8%
Top 10 weight
53.7%
Largest position
6.7%
Top holdings: Berkshire Hathaway Inc. New, Alphabet Inc., Meta Platforms, Inc., Heico Corporation, Charles Schwab Corporation (The — view full holdings
Sector Preferences
Where capital is allocated by sector.
Capital is tilted toward Financial Services and Consumer Cyclical, with 7 sectors represented in the latest filing.
Leading sectors: Financial Services, Consumer Cyclical, Communication Services
Risk Framework
Concentration, diversification, and turnover tolerance.
This investor accepts low single-name risk (largest position 6.7%, top ten 53.7%) and high economic diversification (HHI 0.02). Turnover tolerance maps to a buy & hold profile.
Largest position
6.7%
Top 10 weight
53.7%
Max sector
31.4%
Diversification
High
Strategy Evolution
How the strategy changed between the two most recent filing periods.
Dec 31, 2025 → Mar 31, 2026
- Top-five concentration fell from 35.1% to 30.8%.
- Dominant sector mix shifted from Financial Services, Communication Services to Financial Services, Consumer Cyclical.
- Quarter-over-quarter portfolio weight turnover: 8.1%.
For trade-level changes, see the Activity page. View activity.
Similar Investors
Peer group with comparable portfolio behavior.
Similar-investor comparisons are coming soon.