# Giverny Capital portfolio: Q2 2026 13F holdings | moatshark

François Rochon’s Giverny Capital: $3.0bn in 49 US holdings at Q2 2026, with buys and sells.

In Q2 2026, Giverny Capital held 49 US-listed stocks worth $3.0bn. Its biggest move was cutting Berkshire Hathaway (34% fewer shares, now 4.4%), followed by adding to Automatic Data Processing (56% more shares, now 4.9%). It started 7 new positions and sold out of 7. Its largest holding is Alphabet at 11%.

13F for the quarter ending 2026-06-30, filed 2026-08-26 ([filing](https://www.sec.gov/Archives/edgar/data/1641864/000164186426000010/0001641864-26-000010-index.htm)). $3.0bn in US-listed holdings.

## 13F holdings

| Company | Value | Portfolio | Change | Q1 2026 |
| --- | --- | --- | --- | --- |
| Alphabet (GOOG) | $325m | 10.9% | Trimmed -5.5% | 10.2% |
| HEICO Ord (HEI.A) | $190m | 6.4% | Trimmed -0.4% | 5.7% |
| Meta Platforms (META) | $171m | 5.7% | Trimmed -1.6% | 6.5% |
| Charles Schwab (SCHW) | $155m | 5.2% | Added +9.5% | 5.3% |
| Automatic Data Processing (ADP) | $147m | 4.9% | Added +56% | 3.1% |
| Ametek (AME) | $145m | 4.9% | Trimmed -2.2% | 4.8% |
| Medpace Holdings (MEDP) | $134m | 4.5% | Trimmed -0.8% | 4.5% |
| Visa (V) | $134m | 4.5% | Trimmed -1.6% | 4.4% |
| Berkshire Hathaway (BRK.B) | $131m | 4.4% | Trimmed -34% | 6.9% |
| Progressive (PGR) | $118m | 4.0% | Added +2.6% | 3.8% |
| Five Below (FIVE) | $108m | 3.6% | Trimmed -3.1% | 5.2% |
| Booking Holdings (BKNG) | $93.2m | 3.1% | Trimmed -1.0% | 3.3% |
| Installed Building Products (IBP) | $91.4m | 3.1% | Trimmed -1.5% | 3.9% |
| NVR (NVR) | $90.2m | 3.0% | Trimmed -3.0% | 3.3% |
| Kinsale Capital Group (KNSL) | $79.4m | 2.7% | Added +10% | 2.7% |
| Bright Horizons Family Solutions (BFAM) | $76.6m | 2.6% | Added +46% | 2.2% |
| Resmed (RMD) | $75.5m | 2.5% | Added +69% | 1.9% |
| Bank OZK (OZK) | $62.4m | 2.1% | Trimmed -2.7% | 2.1% |
| Markel Group (MKL) | $60.3m | 2.0% | Trimmed -28% | 3.0% |
| Arista Networks (ANET) | $57.7m | 1.9% | Trimmed -20% | 1.9% |
| Keysight Technologies (KEYS) | $50.1m | 1.7% | Trimmed -56% | 3.3% |
| Walt Disney (DIS) | $49.6m | 1.7% | Trimmed -3.9% | 1.9% |
| Brown & Brown (BRO) | $48.3m | 1.6% | Trimmed -0.3% | 1.8% |
| Analog Devices (ADI) | $37.1m | 1.3% | Trimmed -45% | 2.0% |
| Ny Times (NYT) | $33.9m | 1.1% | New | – |
| Littelfuse (LFUS) | $33.8m | 1.1% | Trimmed -8.2% | 1.0% |
| MSA Safety (MSA) | $29.0m | 1.0% | New | – |
| Watsco (WSO) | $27.5m | 0.9% | New | – |
| Aaon (AAON) | $26.0m | 0.9% | Added +1.5% | 0.6% |
| Spdr Gold Trust (GLD) | $25.0m | 0.8% | Unchanged | 0.1% |
| Sunbelt Rentals Holdings (SUNB) | $21.6m | 0.7% | Trimmed -9.0% | 0.7% |
| Veeva Systems (VEEV) | $16.9m | 0.6% | New | – |
| American Express (AXP) | $15.8m | 0.5% | New | – |
| Twfg (TWFG) | $15.7m | 0.5% | Added +18% | 0.4% |
| JPMorgan Chase (JPM) | $15.7m | 0.5% | Trimmed -8.5% | 0.6% |
| Mastercard (MA) | $14.8m | 0.5% | Added +2.7% | 0.5% |
| lululemon athletica (LULU) | $14.7m | 0.5% | Trimmed -9.7% | 0.8% |
| Floor & Decor Holdings (FND) | $13.6m | 0.5% | Trimmed -0.8% | 0.4% |
| Hawkins (HWKN) | $13.5m | 0.5% | New | – |
| Ferguson Enterprises (FERG) | $8.9m | 0.3% | Added +1.8% | 0.3% |
| Builders Firstsource (BLDR) | $8.2m | 0.3% | Trimmed -0.4% | 0.3% |
| Apple (AAPL) | $3.8m | 0.1% | Trimmed -14% | 0.1% |
| Taiwan Semiconductor Manufacturing (TSM) | $1.7m | 0.1% | Trimmed -55% | 0.1% |
| Spdr S&P 500 Etf Trust (SPY) | $1.7m | 0.1% | Trimmed -7.3% | 0.1% |
| Yum China Holdings (YUMC) | $1.5m | 0.1% | Unchanged | 0.1% |
| Ishares Tr (ACWI) | $1.2m | 0.0% | Added +7.4% | 0.0% |
| Microsoft (MSFT) | $667k | 0.0% | Trimmed -6.4% | 0.0% |
| Invesco QQQ Tr (QQQ) | $288k | 0.0% | New | – |
| Copart (CPRT) | $233k | 0.0% | Trimmed -70% | 0.0% |
| M&T Bank (MTB) | – | – | Sold out | 0.1% |
| Birkenstock Holding (BIRK) | – | – | Sold out | 0.0% |
| Old Dominion Freight Line (ODFL) | – | – | Sold out | 0.0% |
| Invesco Exch Traded Fd Tr II (BKLN) | – | – | Sold out | 0.0% |
| Invesco Exchange Traded Fd T (RSP) | – | – | Sold out | 0.0% |
| Siteone Landscape Supply (SITE) | – | – | Sold out | 0.0% |
| Novo-Nordisk (NVO) | – | – | Sold out | 0.0% |

Source: SEC filings, via moatshark (https://www.moatshark.com/m/giverny-capital). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.