Giverny Capital Inc.

Q1 2025 13F-HR/A Holdings

Location
Montreal, A8
Holdings as of
3/31/2025
Date filed
8/12/2025
Form type
13F-HR/A - RESTATEMENT
Num holdings
54
Total value ($000)
$2,712,666
Net value change ($000)
-23,295 (-0.9%)
New positions
2
Sold out positions
10
Turnover %
1.9%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 8/13/2025 SEC filing

Snapshot: Change Analysis

Compared to Q4 2024
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
KNSL 40,510 96.0%
BRK-B 38,909 17.0%
PGR 18,963 14.5%
HEI 18,535 13.4%
V 12,861 10.3%
BLDR 10,301 NEW
FISV 9,575 7.4%
BRO 6,573 21.9%
MKL 6,346 8.5%
SBUX 4,862 7.1%
Top Reduces (Value $000, Stocks/ETFs)
FBIN -31,646 -100.0%
FIVE -30,269 -39.4%
GOOGL -22,970 -18.4%
LULU -14,300 -26.1%
NVR -13,163 -11.9%
GOOGL -11,939 -17.7%
KMX -9,676 -7.0%
ANET -9,218 -20.3%
BKNG -7,863 -7.5%
AME -7,401 -4.2%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type