Francois Rochon - Giverny Capital Investment Strategy & Portfolio Analysis
How Giverny Capital allocates capital, manages risk, and constructs its portfolio — based on SEC 13F filings.
According to the SEC 13F filed on Aug 14, 2026, Francois Rochon's Giverny Capital portfolio reflects a quant / systematic investor approach across 50 reported 13F positions as of quarter-end Jun 30, 2026. Portfolio returns are distributed across holdings, with the top five positions representing approximately 30% of total exposure. The portfolio maintains structural breadth across 50 positions, with economic weighting tilted toward financials and communication services 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, communication services, and consumer discretionary. 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
Moderate
Holding horizon
Long-Term
Portfolio Construction
Concentration and position sizing in the latest filing.
Portfolio construction is lowly concentrated: top three names represent 19.4% of assets, top five 29.7%, and the largest single position is 7.2%.
Top 3 weight
19.4%
Top 5 weight
29.7%
Top 10 weight
51.9%
Largest position
7.2%
Top holdings: Alphabet Inc., Heico Corporation, Meta Platforms, Inc., Charles Schwab Corporation (The, Automatic Data Processing, Inc. — view full holdings
Sector Preferences
Where capital is allocated by sector.
Capital is tilted toward Financial Services and Communication Services, with 8 sectors represented in the latest filing.
Leading sectors: Financial Services, Communication Services, Consumer Cyclical
Risk Framework
Concentration, diversification, and turnover tolerance.
This investor accepts low single-name risk (largest position 7.2%, top ten 51.9%) and high economic diversification (HHI 0.02). Turnover tolerance maps to a moderate profile.
Largest position
7.2%
Top 10 weight
51.9%
Max sector
28.3%
Diversification
High
Strategy Evolution
How the strategy changed between the two most recent filing periods.
Mar 31, 2026 → Jun 30, 2026
- Top-five concentration fell from 30.8% to 29.7%.
- Dominant sector mix shifted from Financial Services, Consumer Cyclical to Financial Services, Communication Services.
- Largest holding changed from Berkshire Hathaway Inc. New to Alphabet Inc..
- Quarter-over-quarter portfolio weight turnover: 10.7%.
For trade-level changes, see the Activity page. View activity.
Similar Investors
Peer group with comparable portfolio behavior.
Similar-investor comparisons are coming soon.