Giverny Capital Inc.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Giverny Capital Inc. maintained a portfolio of 54 distinct positions. The most significant new addition to the portfolio was BRIGHT HORIZONSFAMIL, which now represents 1.39% of the total fund value. They heavily accumulated shares in META PLATFORMS INC, increasing their position by 0.5%. Conversely, Giverny Capital Inc. completely exited their position in FISERV INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
54
Quarter
2025 Q4
Top Holding
BRK/B (8.5%)
Top 10 Concentration
58.7%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-25 of 54
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
BRK/B
BERKSHIRE HATHA...
Financial Services 8.48% 7.87% #1
Prev: #1
3.4 -4,660 -0.9%
P
S
505,984 $254,332,858 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
META
META PLATFORMS ...
Communication Services 6.90% 7.02% #2
Prev: #2
4.8 1,639 0.5%
P
S
313,449 $206,904,550 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
AME
AMETEK INC
Industrials 6.71% 5.75% #3 2
Prev: #5
2.7 -17,218 -1.7%
P
S
979,458 $201,092,522 2016 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOG
ALPHABET INC C
Communication Services 6.69% 4.77% #4 2
Prev: #6
4.7 1,294 0.2%
P
S
639,507 $200,677,297 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
HEI/A
HEICO CORP NEW
Industrials 6.35% 5.84% #5 1
Prev: #4
4.5 5,031 0.7%
P
S
754,532 $190,466,513 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
SCHW
SCHWAB CHARLES ...
Financial Services 5.28% 4.61% #6 1
Prev: #7
4.1 9,885 0.6%
P
S
1,585,661 $158,423,391 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MEDP
MEDPACE HOLDING...
Healthcare 4.93% 4.13% #7 2
Prev: #9
4.0 1,518 0.6%
P
S
263,320 $147,893,678 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
V
VISA INC
Financial Services 4.77% 4.24% #8
Prev: #8
3.9 1,825 0.5%
P
S
407,345 $142,859,965 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
IBP
INSTALLED BLDG ...
Consumer Cyclical 4.49% 3.89% #9 3
Prev: #12
3.8 4,500 0.9%
P
S
519,236 $134,684,626 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PGR
PROGRESSIVE COR...
Financial Services 4.08% 4.04% #10
Prev: #10
3.6 2,943 0.6%
P
S
536,832 $122,247,383 2019 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FIVE
FIVE BELOW INC
Consumer Cyclical 4.01% 3.02% #11 4
Prev: #15
3.6 657 0.1%
P
S
637,747 $120,126,025 2017 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BKNG
BOOKING HOLDING...
Consumer Cyclical 3.83% 3.53% #12 1
Prev: #13
3.5 102 0.5%
P
S
21,445 $114,845,052 2018 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
GOOGL
ALPHABET INC
Communication Services 3.77% 2.68% #13 3
Prev: #16
3.5 2,255 0.6%
P
S
361,398 $113,117,574 2016 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
NVR
NVR INC
Consumer Cyclical 3.43% 3.47% #14
Prev: #14
3.4 37 0.3%
P
S
14,112 $102,915,570 2018 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
MKL
MARKEL CORP
Financial Services 3.15% 2.57% #15 3
Prev: #18
3.3 149 0.3%
P
S
43,978 $94,537,308 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
KNSL
KINSALE CAPITAL...
Financial Services 2.80% 2.48% #16 3
Prev: #19
3.2 23,802 12.5%
P
S
214,264 $83,802,936 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KEYS
KEYSIGHT TECHNO...
Technology 2.26% 1.79% #17 7
Prev: #24
2.9 119 0.0%
P
S
334,046 $67,874,807 2019 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
DIS
DISNEY WALT CO
Communication Services 2.07% 0.91% #18 9
Prev: #27
3.1 284,019 109.1%
P
S
544,419 $61,938,550 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
BRO
BROWN & BROWN
Financial Services 2.05% 0.93% #19 7
Prev: #26
3.1 450,274 139.7%
P
S
772,520 $61,569,844 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
OZK
BANK OZK LITTLE...
Financial Services 1.94% 1.97% #20 2
Prev: #22
2.8 2,082 0.2%
P
S
1,264,042 $58,171,213 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
RMD
RESMED INC
Healthcare 1.89% 1.98% #21
Prev: #21
0.8 -30 -0.0%
P
S
235,388 $56,697,908 2020 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
ANET
ARISTA NETWORKS...
Technology 1.83% 1.84% #22 1
Prev: #23
2.7 6,759 1.6%
P
S
419,158 $54,922,273 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
ADI
ANALOG DEVICES ...
Technology 1.60% 1.33% #23 2
Prev: #25
2.6 279 0.2%
P
S
176,747 $47,933,786 2021 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
BFAM
BRIGHT HORIZONS...
Consumer Cyclical 1.39% #24
Prev: #—
2.6 410,196 no change
NEW
410,196 $41,593,874 2025 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
LULU
LULULEMON ATHLE...
Consumer Cyclical 1.00% 0.79% #25 3
Prev: #28
2.4 236 0.2%
P
S
144,237 $29,973,891 2017 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
FI
FISERV INC
Unknown 0.00% 2.57%
Sold All 😨
(Was: #17)
0.3 -651,257 -100.0%
CLOSED
$— 2023 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
KMX
CARMAX INC
Consumer Cyclical 0.00% 2.30%
Sold All 😨
(Was: #20)
0.3 -1,670,114 -100.0%
CLOSED
$— 2015 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
ALGN
ALIGN TECHNOLOG...
Healthcare 0.00% 0.18%
Sold All 😨
(Was: #36)
0.3 -45,691 -100.0%
CLOSED
$— 2023 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CACC
CREDIT ACCEP CO...
Financial Services 0.00% 0.08%
Sold All 😨
(Was: #38)
0.3 -6,874 -100.0%
CLOSED
$— 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-25 of 54 holdings

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