{
 "manager": "Giverny Capital",
 "page": "https://www.moatshark.com/m/giverny-capital",
 "form": "13F-HR",
 "period": "2026-06-30",
 "filed": "2026-08-26",
 "previous_period": "2026-03-31",
 "filing_url": "https://www.sec.gov/Archives/edgar/data/1641864/000164186426000010/0001641864-26-000010-index.htm",
 "total_value_usd": 2974321189,
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holdings": [
  {
   "company": "Alphabet",
   "ticker": "GOOG",
   "moatshark_slug": "goog",
   "sector": "Communication and media",
   "value_usd": 324754052,
   "shares": 915578,
   "portfolio_pct": 10.92,
   "previous_pct": 10.19,
   "change": "REDUCE",
   "share_change_pct": -5.5,
   "quarters_held": 40
  },
  {
   "company": "HEICO Ord",
   "ticker": "HEI.A",
   "moatshark_slug": "hei-a",
   "sector": "Industrials",
   "value_usd": 189627812,
   "shares": 735248,
   "portfolio_pct": 6.38,
   "previous_pct": 5.71,
   "change": "REDUCE",
   "share_change_pct": -0.4,
   "quarters_held": 40
  },
  {
   "company": "Meta Platforms",
   "ticker": "META",
   "moatshark_slug": "meta",
   "sector": "Communication and media",
   "value_usd": 170613782,
   "shares": 302888,
   "portfolio_pct": 5.74,
   "previous_pct": 6.45,
   "change": "REDUCE",
   "share_change_pct": -1.6,
   "quarters_held": 33
  },
  {
   "company": "Charles Schwab",
   "ticker": "SCHW",
   "moatshark_slug": "schw",
   "sector": "Financials",
   "value_usd": 155158187,
   "shares": 1681567,
   "portfolio_pct": 5.22,
   "previous_pct": 5.29,
   "change": "ADD",
   "share_change_pct": 9.5,
   "quarters_held": 32
  },
  {
   "company": "Automatic Data Processing",
   "ticker": "ADP",
   "moatshark_slug": "adp",
   "sector": "Industrials",
   "value_usd": 146587816,
   "shares": 654556,
   "portfolio_pct": 4.93,
   "previous_pct": 3.12,
   "change": "ADD",
   "share_change_pct": 56.2,
   "quarters_held": 2
  },
  {
   "company": "Ametek",
   "ticker": "AME",
   "moatshark_slug": "ame",
   "sector": "Industrials",
   "value_usd": 144869075,
   "shares": 598781,
   "portfolio_pct": 4.87,
   "previous_pct": 4.8,
   "change": "REDUCE",
   "share_change_pct": -2.2,
   "quarters_held": 39
  },
  {
   "company": "Medpace Holdings",
   "ticker": "MEDP",
   "moatshark_slug": "medp",
   "sector": "Health care",
   "value_usd": 134479318,
   "shares": 253931,
   "portfolio_pct": 4.52,
   "previous_pct": 4.5,
   "change": "REDUCE",
   "share_change_pct": -0.8,
   "quarters_held": 12
  },
  {
   "company": "Visa",
   "ticker": "V",
   "moatshark_slug": "v",
   "sector": "Financials",
   "value_usd": 133770791,
   "shares": 389900,
   "portfolio_pct": 4.5,
   "previous_pct": 4.39,
   "change": "REDUCE",
   "share_change_pct": -1.6,
   "quarters_held": 46
  },
  {
   "company": "Berkshire Hathaway",
   "ticker": "BRK.B",
   "moatshark_slug": "brk-b",
   "sector": "Insurance",
   "value_usd": 131060044,
   "shares": 248456,
   "portfolio_pct": 4.41,
   "previous_pct": 6.93,
   "change": "REDUCE",
   "share_change_pct": -34.4,
   "quarters_held": 39
  },
  {
   "company": "Progressive",
   "ticker": "PGR",
   "moatshark_slug": "pgr",
   "sector": "Insurance",
   "value_usd": 118463687,
   "shares": 542292,
   "portfolio_pct": 3.98,
   "previous_pct": 3.83,
   "change": "ADD",
   "share_change_pct": 2.6,
   "quarters_held": 28
  },
  {
   "company": "Five Below",
   "ticker": "FIVE",
   "moatshark_slug": "five",
   "sector": "Consumer discretionary",
   "value_usd": 107536354,
   "shares": 598122,
   "portfolio_pct": 3.62,
   "previous_pct": 5.16,
   "change": "REDUCE",
   "share_change_pct": -3.1,
   "quarters_held": 38
  },
  {
   "company": "Booking Holdings",
   "ticker": "BKNG",
   "moatshark_slug": "bkng",
   "sector": "Consumer discretionary",
   "value_usd": 93159631,
   "shares": 522664,
   "portfolio_pct": 3.13,
   "previous_pct": 3.26,
   "change": "REDUCE",
   "share_change_pct": -1,
   "quarters_held": 10
  },
  {
   "company": "Installed Building Products",
   "ticker": "IBP",
   "moatshark_slug": "ibp",
   "sector": "Consumer discretionary",
   "value_usd": 91398634,
   "shares": 397662,
   "portfolio_pct": 3.07,
   "previous_pct": 3.92,
   "change": "REDUCE",
   "share_change_pct": -1.5,
   "quarters_held": 19
  },
  {
   "company": "NVR",
   "ticker": "NVR",
   "moatshark_slug": "nvr",
   "sector": "Consumer discretionary",
   "value_usd": 90195789,
   "shares": 13238,
   "portfolio_pct": 3.03,
   "previous_pct": 3.29,
   "change": "REDUCE",
   "share_change_pct": -3,
   "quarters_held": 32
  },
  {
   "company": "Kinsale Capital Group",
   "ticker": "KNSL",
   "moatshark_slug": "knsl",
   "sector": "Insurance",
   "value_usd": 79395491,
   "shares": 240731,
   "portfolio_pct": 2.67,
   "previous_pct": 2.74,
   "change": "ADD",
   "share_change_pct": 10,
   "quarters_held": 12
  },
  {
   "company": "Bright Horizons Family Solutions",
   "ticker": "BFAM",
   "moatshark_slug": "bfam",
   "sector": "Other",
   "value_usd": 76606608,
   "shares": 1080793,
   "portfolio_pct": 2.58,
   "previous_pct": 2.23,
   "change": "ADD",
   "share_change_pct": 45.6,
   "quarters_held": 3
  },
  {
   "company": "Resmed",
   "ticker": "RMD",
   "moatshark_slug": "rmd",
   "sector": "Health care",
   "value_usd": 75548155,
   "shares": 387665,
   "portfolio_pct": 2.54,
   "previous_pct": 1.89,
   "change": "ADD",
   "share_change_pct": 68.5,
   "quarters_held": 4
  },
  {
   "company": "Bank OZK",
   "ticker": "OZK",
   "moatshark_slug": "ozk",
   "sector": null,
   "value_usd": 62409862,
   "shares": 1198116,
   "portfolio_pct": 2.1,
   "previous_pct": 2.07,
   "change": "REDUCE",
   "share_change_pct": -2.7,
   "quarters_held": 31
  },
  {
   "company": "Markel Group",
   "ticker": "MKL",
   "moatshark_slug": "mkl",
   "sector": "Insurance",
   "value_usd": 60303090,
   "shares": 30877,
   "portfolio_pct": 2.03,
   "previous_pct": 3.01,
   "change": "REDUCE",
   "share_change_pct": -28.1,
   "quarters_held": 46
  },
  {
   "company": "Arista Networks",
   "ticker": "ANET",
   "moatshark_slug": "anet",
   "sector": "Technology",
   "value_usd": 57740853,
   "shares": 339892,
   "portfolio_pct": 1.94,
   "previous_pct": 1.9,
   "change": "REDUCE",
   "share_change_pct": -19.7,
   "quarters_held": 5
  },
  {
   "company": "Keysight Technologies",
   "ticker": "KEYS",
   "moatshark_slug": "keys",
   "sector": "Industrials",
   "value_usd": 50085215,
   "shares": 143072,
   "portfolio_pct": 1.68,
   "previous_pct": 3.34,
   "change": "REDUCE",
   "share_change_pct": -55.7,
   "quarters_held": 30
  },
  {
   "company": "Walt Disney",
   "ticker": "DIS",
   "moatshark_slug": "dis",
   "sector": "Consumer discretionary",
   "value_usd": 49623324,
   "shares": 515567,
   "portfolio_pct": 1.67,
   "previous_pct": 1.89,
   "change": "REDUCE",
   "share_change_pct": -3.9,
   "quarters_held": 46
  },
  {
   "company": "Brown & Brown",
   "ticker": "BRO",
   "moatshark_slug": "bro",
   "sector": "Insurance",
   "value_usd": 48323425,
   "shares": 753288,
   "portfolio_pct": 1.62,
   "previous_pct": 1.8,
   "change": "REDUCE",
   "share_change_pct": -0.3,
   "quarters_held": 7
  },
  {
   "company": "Analog Devices",
   "ticker": "ADI",
   "moatshark_slug": "adi",
   "sector": "Technology",
   "value_usd": 37059933,
   "shares": 93310,
   "portfolio_pct": 1.25,
   "previous_pct": 1.99,
   "change": "REDUCE",
   "share_change_pct": -45.4,
   "quarters_held": 19
  },
  {
   "company": "Ny Times",
   "ticker": "NYT",
   "moatshark_slug": "nyt",
   "sector": "Communication and media",
   "value_usd": 33899992,
   "shares": 484424,
   "portfolio_pct": 1.14,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Littelfuse",
   "ticker": "LFUS",
   "moatshark_slug": "lfus",
   "sector": "Industrials",
   "value_usd": 33751336,
   "shares": 74125,
   "portfolio_pct": 1.13,
   "previous_pct": 1,
   "change": "REDUCE",
   "share_change_pct": -8.2,
   "quarters_held": 35
  },
  {
   "company": "MSA Safety",
   "ticker": "MSA",
   "moatshark_slug": "msa",
   "sector": "Health care",
   "value_usd": 29033527,
   "shares": 166305,
   "portfolio_pct": 0.98,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Watsco",
   "ticker": "WSO",
   "moatshark_slug": "wso",
   "sector": "Industrials",
   "value_usd": 27493762,
   "shares": 65975,
   "portfolio_pct": 0.92,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Aaon",
   "ticker": "AAON",
   "moatshark_slug": "aaon",
   "sector": "Industrials",
   "value_usd": 25978264,
   "shares": 204779,
   "portfolio_pct": 0.87,
   "previous_pct": 0.61,
   "change": "ADD",
   "share_change_pct": 1.5,
   "quarters_held": 2
  },
  {
   "company": "Spdr Gold Trust",
   "ticker": "GLD",
   "moatshark_slug": "gld",
   "sector": "Financials",
   "value_usd": 25033146,
   "shares": 3876,
   "portfolio_pct": 0.84,
   "previous_pct": 0.06,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 19
  },
  {
   "company": "Sunbelt Rentals Holdings",
   "ticker": "SUNB",
   "moatshark_slug": "sunb",
   "sector": "Industrials",
   "value_usd": 21593757,
   "shares": 246369,
   "portfolio_pct": 0.73,
   "previous_pct": 0.65,
   "change": "REDUCE",
   "share_change_pct": -9,
   "quarters_held": 2
  },
  {
   "company": "Veeva Systems",
   "ticker": "VEEV",
   "moatshark_slug": "veev",
   "sector": "Technology",
   "value_usd": 16851841,
   "shares": 94956,
   "portfolio_pct": 0.57,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "American Express",
   "ticker": "AXP",
   "moatshark_slug": "axp",
   "sector": "Financials",
   "value_usd": 15753986,
   "shares": 46702,
   "portfolio_pct": 0.53,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Twfg",
   "ticker": "TWFG",
   "moatshark_slug": "twfg",
   "sector": "Insurance",
   "value_usd": 15691471,
   "shares": 652452,
   "portfolio_pct": 0.53,
   "previous_pct": 0.37,
   "change": "ADD",
   "share_change_pct": 18.2,
   "quarters_held": 5
  },
  {
   "company": "JPMorgan Chase",
   "ticker": "JPM",
   "moatshark_slug": "jpm",
   "sector": "Financials",
   "value_usd": 15671251,
   "shares": 47876,
   "portfolio_pct": 0.53,
   "previous_pct": 0.56,
   "change": "REDUCE",
   "share_change_pct": -8.5,
   "quarters_held": 41
  },
  {
   "company": "Mastercard",
   "ticker": "MA",
   "moatshark_slug": "ma",
   "sector": "Financials",
   "value_usd": 14799898,
   "shares": 28816,
   "portfolio_pct": 0.5,
   "previous_pct": 0.51,
   "change": "ADD",
   "share_change_pct": 2.7,
   "quarters_held": 46
  },
  {
   "company": "lululemon athletica",
   "ticker": "LULU",
   "moatshark_slug": "lulu",
   "sector": "Consumer discretionary",
   "value_usd": 14706727,
   "shares": 128803,
   "portfolio_pct": 0.49,
   "previous_pct": 0.8,
   "change": "REDUCE",
   "share_change_pct": -9.7,
   "quarters_held": 36
  },
  {
   "company": "Floor & Decor Holdings",
   "ticker": "FND",
   "moatshark_slug": "fnd",
   "sector": "Consumer discretionary",
   "value_usd": 13644905,
   "shares": 229867,
   "portfolio_pct": 0.46,
   "previous_pct": 0.43,
   "change": "REDUCE",
   "share_change_pct": -0.8,
   "quarters_held": 17
  },
  {
   "company": "Hawkins",
   "ticker": "HWKN",
   "moatshark_slug": "hwkn",
   "sector": "Other",
   "value_usd": 13492963,
   "shares": 94954,
   "portfolio_pct": 0.45,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Ferguson Enterprises",
   "ticker": "FERG",
   "moatshark_slug": "ferg",
   "sector": "Industrials",
   "value_usd": 8871395,
   "shares": 37380,
   "portfolio_pct": 0.3,
   "previous_pct": 0.31,
   "change": "ADD",
   "share_change_pct": 1.8,
   "quarters_held": 7
  },
  {
   "company": "Builders Firstsource",
   "ticker": "BLDR",
   "moatshark_slug": "bldr",
   "sector": "Consumer discretionary",
   "value_usd": 8184199,
   "shares": 91464,
   "portfolio_pct": 0.28,
   "previous_pct": 0.28,
   "change": "REDUCE",
   "share_change_pct": -0.4,
   "quarters_held": 6
  },
  {
   "company": "Apple",
   "ticker": "AAPL",
   "moatshark_slug": "aapl",
   "sector": "Technology",
   "value_usd": 3760233,
   "shares": 12995,
   "portfolio_pct": 0.13,
   "previous_pct": 0.14,
   "change": "REDUCE",
   "share_change_pct": -13.6,
   "quarters_held": 32
  },
  {
   "company": "Taiwan Semiconductor Manufacturing",
   "ticker": "TSM",
   "moatshark_slug": "tsm",
   "sector": "Technology",
   "value_usd": 1745518,
   "shares": 3655,
   "portfolio_pct": 0.06,
   "previous_pct": 0.1,
   "change": "REDUCE",
   "share_change_pct": -55,
   "quarters_held": 25
  },
  {
   "company": "Spdr S&P 500 Etf Trust",
   "ticker": "SPY",
   "moatshark_slug": "spy",
   "sector": null,
   "value_usd": 1713090,
   "shares": 2294,
   "portfolio_pct": 0.06,
   "previous_pct": 0.06,
   "change": "REDUCE",
   "share_change_pct": -7.3,
   "quarters_held": 36
  },
  {
   "company": "Yum China Holdings",
   "ticker": "YUMC",
   "moatshark_slug": "yumc",
   "sector": "Consumer discretionary",
   "value_usd": 1472791,
   "shares": 36036,
   "portfolio_pct": 0.05,
   "previous_pct": 0.06,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 8
  },
  {
   "company": "Ishares Tr",
   "ticker": "ACWI",
   "moatshark_slug": "acwi",
   "sector": null,
   "value_usd": 1218446,
   "shares": 11662,
   "portfolio_pct": 0.04,
   "previous_pct": 0.04,
   "change": "ADD",
   "share_change_pct": 7.4,
   "quarters_held": 21
  },
  {
   "company": "Microsoft",
   "ticker": "MSFT",
   "moatshark_slug": "msft",
   "sector": "Technology",
   "value_usd": 666587,
   "shares": 1787,
   "portfolio_pct": 0.02,
   "previous_pct": 0.03,
   "change": "REDUCE",
   "share_change_pct": -6.4,
   "quarters_held": 7
  },
  {
   "company": "Invesco QQQ Tr",
   "ticker": "QQQ",
   "moatshark_slug": "qqq",
   "sector": null,
   "value_usd": 287932,
   "shares": 391,
   "portfolio_pct": 0.01,
   "previous_pct": null,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Copart",
   "ticker": "CPRT",
   "moatshark_slug": "cprt",
   "sector": "Consumer discretionary",
   "value_usd": 233244,
   "shares": 8274,
   "portfolio_pct": 0.01,
   "previous_pct": 0.03,
   "change": "REDUCE",
   "share_change_pct": -69.9,
   "quarters_held": 17
  },
  {
   "company": "M&T Bank",
   "ticker": "MTB",
   "moatshark_slug": "mtb",
   "sector": "Financials",
   "value_usd": 0,
   "shares": 0,
   "portfolio_pct": 0,
   "previous_pct": 0.06,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 20
  },
  {
   "company": "Birkenstock Holding",
   "ticker": "BIRK",
   "moatshark_slug": "birk",
   "sector": "Other",
   "value_usd": 0,
   "shares": 0,
   "portfolio_pct": 0,
   "previous_pct": 0.04,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 6
  },
  {
   "company": "Old Dominion Freight Line",
   "ticker": "ODFL",
   "moatshark_slug": "odfl",
   "sector": "Industrials",
   "value_usd": 0,
   "shares": 0,
   "portfolio_pct": 0,
   "previous_pct": 0.04,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 29
  },
  {
   "company": "Invesco Exch Traded Fd Tr II",
   "ticker": "BKLN",
   "moatshark_slug": "bkln",
   "sector": null,
   "value_usd": 0,
   "shares": 0,
   "portfolio_pct": 0,
   "previous_pct": 0.04,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Invesco Exchange Traded Fd T",
   "ticker": "RSP",
   "moatshark_slug": "rsp",
   "sector": null,
   "value_usd": 0,
   "shares": 0,
   "portfolio_pct": 0,
   "previous_pct": 0.04,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "company": "Siteone Landscape Supply",
   "ticker": "SITE",
   "moatshark_slug": "site",
   "sector": "Industrials",
   "value_usd": 0,
   "shares": 0,
   "portfolio_pct": 0,
   "previous_pct": 0.02,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 18
  },
  {
   "company": "Novo-Nordisk",
   "ticker": "NVO",
   "moatshark_slug": "nvo",
   "sector": "Health care",
   "value_usd": 0,
   "shares": 0,
   "portfolio_pct": 0,
   "previous_pct": 0.02,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 23
  }
 ]
}