Giverny Capital Inc.

Q2 2025 13F-HR Holdings

Location
Montreal, A8
Holdings as of
6/30/2025
Date filed
8/13/2025
Form type
13F-HR
Num holdings
55
Total value ($000)
$2,915,803
Net value change ($000)
+203,137 (7.5%)
New positions
3
Sold out positions
2
Turnover %
3.2%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/12/2025 Next filing: 11/17/2025 SEC filing

Snapshot: Change Analysis

Compared to Q1 2025
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)
SCHW 68,725 92.5%
META 53,742 29.6%
ANET 49,371 NEW
HEI 37,389 23.9%
FIVE 35,529 76.3%
BKNG 25,900 26.6%
GOOGL 14,188 13.9%
AME 12,043 7.2%
GOOGL 11,291 20.3%
DIS 7,873 32.2%
Top Reduces (Value $000, Stocks/ETFs)
MTB -64,233 -97.8%
ANET -36,147 -100.0%
FISV -27,221 -19.6%
BRK-B -19,456 -7.3%
KMX -16,620 -13.0%
PGR -10,891 -7.3%
LULU -6,319 -15.6%
SBUX -4,497 -6.1%
PMMF -1,293 -100.0%
BRO -989 -2.7%
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