Francois Rochon (Giverny Capital) portfolio: Q2 2026 13F
Every US-listed position Giverny Capital reported in its 13F for Q2 2026, the quarter ended Jun 30, 2026, filed with the SEC on Aug 26, 2026. 51 positions at the quarter end, after opening 7 and exiting 7 during it.
50 largest positions
| Ticker | Company | Allocation | Value | Shares | Change |
|---|---|---|---|---|---|
| GOOG | Alphabet Inc. | 7.19% | $213.93M | 605,460 | Trimmed |
| HEI-A | HEICO Corp | 6.38% | $189.63M | 735,248 | Trimmed |
| META | Meta Platforms, Inc. | 5.74% | $170.61M | 302,888 | Trimmed |
| SCHW | Charles Schwab Corp | 5.22% | $155.16M | 1,681,567 | Added |
| ADP | Automatic Data Processing Inc | 4.93% | $146.59M | 654,556 | Added |
| AME | AMETEK Inc | 4.87% | $144.87M | 598,781 | Trimmed |
| MEDP | Medpace Holdings, Inc. | 4.52% | $134.48M | 253,931 | Trimmed |
| V | Visa Inc. | 4.50% | $133.77M | 389,900 | Trimmed |
| BRK-B | Berkshire Hathaway Inc | 4.18% | $124.32M | 248,447 | Trimmed |
| PGR | Progressive Corp | 3.98% | $118.46M | 542,292 | Added |
| GOOGL | Alphabet Inc. | 3.73% | $110.83M | 310,118 | Trimmed |
| FIVE | Five Below, Inc | 3.62% | $107.54M | 598,122 | Trimmed |
| BKNG | Booking Holdings Inc. | 3.13% | $93.16M | 522,664 | Trimmed |
| IBP | Installed Building Products, Inc. | 3.07% | $91.40M | 397,662 | Trimmed |
| NVR | NVR Inc | 3.03% | $90.20M | 13,238 | Trimmed |
| KNSL | Kinsale Capital Group, Inc. | 2.67% | $79.40M | 240,731 | Added |
| BFAM | Bright Horizons Family Solutions Inc. | 2.58% | $76.61M | 1,080,793 | Added |
| RMD | ResMed Inc | 2.54% | $75.55M | 387,665 | Added |
| OZK | Bank OZK | 2.10% | $62.41M | 1,198,116 | Trimmed |
| MKL | Markel Group Inc. | 2.03% | $60.30M | 30,877 | Trimmed |
| ANET | Arista Networks, Inc. | 1.94% | $57.74M | 339,892 | Trimmed |
| KEYS | Keysight Technologies, Inc. | 1.68% | $50.09M | 143,072 | Trimmed |
| DIS | Walt Disney Co | 1.67% | $49.62M | 515,567 | Trimmed |
| BRO | Brown & Brown, Inc. | 1.62% | $48.32M | 753,288 | Trimmed |
| ADI | Analog Devices Inc | 1.25% | $37.06M | 93,310 | Trimmed |
| NYT | New York Times Co | 1.14% | $33.90M | 484,424 | New |
| LFUS | Littelfuse Inc | 1.13% | $33.75M | 74,125 | Trimmed |
| MSA | MSA Safety Inc | 0.98% | $29.03M | 166,305 | New |
| WSO | Watsco Inc | 0.92% | $27.49M | 65,975 | New |
| AAON | AAON, Inc. | 0.87% | $25.98M | 204,779 | Added |
| GLD | SPDR Gold Trust | 0.84% | $25.03M | 3,876 | Unchanged |
| SUNB | Sunbelt Rentals Holdings, Inc. | 0.73% | $21.59M | 246,369 | Trimmed |
| VEEV | Veeva Systems Inc | 0.57% | $16.85M | 94,956 | New |
| AXP | American Express Co | 0.53% | $15.75M | 46,702 | New |
| TWFG | TWFG, Inc. | 0.53% | $15.69M | 652,452 | Added |
| JPM | JPMorgan Chase & Co | 0.53% | $15.67M | 47,876 | Trimmed |
| MA | Mastercard Inc | 0.50% | $14.80M | 28,816 | Added |
| LULU | lululemon athletica inc. | 0.49% | $14.71M | 128,803 | Trimmed |
| FND | Floor & Decor Holdings, Inc. | 0.46% | $13.64M | 229,867 | Trimmed |
| HWKN | Hawkins Inc | 0.45% | $13.49M | 94,954 | New |
| FERG | Ferguson Enterprises Inc. | 0.30% | $8.87M | 37,380 | Added |
| BLDR | Builders FirstSource, Inc. | 0.28% | $8.18M | 91,464 | Trimmed |
| BRK-A | Berkshire Hathaway Inc | 0.23% | $6.74M | 9 | Trimmed |
| AAPL | Apple Inc. | 0.13% | $3.76M | 12,995 | Trimmed |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd | 0.06% | $1.75M | 3,655 | Trimmed |
| SPY | SPDR S&P 500 ETF Trust | 0.06% | $1.71M | 2,294 | Trimmed |
| YUMC | Yum China Holdings, Inc. | 0.05% | $1.47M | 36,036 | Unchanged |
| ITB | iShares U.S. Home Construction ETF | 0.04% | $1.22M | 11,662 | Added |
| MSFT | Microsoft Corp | 0.02% | $666.59K | 1,787 | Trimmed |
| QQQ | Invesco QQQ Trust, Series 1 | 0.01% | $287.93K | 391 | New |
Showing the 50 largest of 51 positions by allocation. The full portfolio, sortable by value, allocation and share count, loads below.
What changed in Q2 2026
| Action | Ticker | Company | Share change | Value |
|---|---|---|---|---|
| Trimmed | GOOG | Alphabet Inc. | -15,449 | $213.93M |
| Trimmed | HEI-A | HEICO Corp | -3,234 | $189.63M |
| Trimmed | META | Meta Platforms, Inc. | -4,933 | $170.61M |
| Added | SCHW | Charles Schwab Corp | +145,361 | $155.16M |
| Added | ADP | Automatic Data Processing Inc | +235,466 | $146.59M |
| Trimmed | AME | AMETEK Inc | -13,277 | $144.87M |
| Trimmed | MEDP | Medpace Holdings, Inc. | -2,150 | $134.48M |
| Trimmed | V | Visa Inc. | -6,457 | $133.77M |
| Trimmed | BRK-B | Berkshire Hathaway Inc | -130,178 | $124.32M |
| Added | PGR | Progressive Corp | +13,928 | $118.46M |
| Trimmed | GOOGL | Alphabet Inc. | -38,351 | $110.83M |
| Trimmed | FIVE | Five Below, Inc | -19,069 | $107.54M |
| Trimmed | BKNG | Booking Holdings Inc. | -5,261 | $93.16M |
| Trimmed | IBP | Installed Building Products, Inc. | -6,003 | $91.40M |
| Trimmed | NVR | NVR Inc | -409 | $90.20M |
| Added | KNSL | Kinsale Capital Group, Inc. | +21,789 | $79.40M |
| Added | BFAM | Bright Horizons Family Solutions Inc. | +338,464 | $76.61M |
| Added | RMD | ResMed Inc | +157,660 | $75.55M |
| Trimmed | OZK | Bank OZK | -32,943 | $62.41M |
| Trimmed | MKL | Markel Group Inc. | -12,067 | $60.30M |
| Trimmed | ANET | Arista Networks, Inc. | -83,469 | $57.74M |
| Trimmed | KEYS | Keysight Technologies, Inc. | -180,112 | $50.09M |
| Trimmed | DIS | Walt Disney Co | -20,947 | $49.62M |
| Trimmed | BRO | Brown & Brown, Inc. | -1,981 | $48.32M |
| Trimmed | ADI | Analog Devices Inc | -77,742 | $37.06M |
The 25 largest changes by value. The full quarter, filterable by action, loads below.
About these holdings
The 13F on record for Francois Rochon (Giverny Capital Inc), filed on Aug 26, 2026, reports 51 positions as of Jun 30, 2026. The largest is Alphabet Inc. (GOOG) at 7.2% of the reported portfolio, followed by HEICO Corp (HEI-A, 6.4%) and Meta Platforms, Inc. (META, 5.7%). The ten largest make up 51.5% of it. Against the previous quarter, it opened 7 new positions, added to 11, trimmed 31 and sold out of 7. The largest new position is New York Times Co (NYT), at 1.1% of the portfolio. The largest position it added to is Charles Schwab Corp (SCHW), now 5.2%. The largest it sold out of, by its value the quarter before, is M&T Bank Corp (MTB).
Alphabet Inc. (GOOG), the largest position, is also held by 31 other investors tracked here. Of those, Li Lu, Bryan Lawrence, Thomas Russo and Triple Frond Partners hold the most of it as a share of their own portfolios. It is also the largest position of First Eagle Investment and Thomas Russo.
Other investors
Howard MarksRuane CunniffChristopher BloomstranHillman CapitalWallace WeitzThird Avenue ManagementKahn BrothersBill Miller