Giverny Capital Inc.

Q4 2025 13F-HR Holdings

Location
Montreal, A8
Holdings as of
12/31/2025
Date filed
2/13/2026
Form type
13F-HR
Num holdings
50
Total value ($000)
$2,997,770
Net value change ($000)
+46,627 (1.6%)
New positions
2
Sold out positions
4
Turnover %
7.0%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/17/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
GOOGL 45,240 29.1%
BFAM 41,594 NEW
DIS 32,123 107.7%
BRO 31,347 103.7%
GOOGL 25,810 29.6%
FIVE 21,568 21.9%
AME 13,718 7.3%
MEDP 13,286 9.9%
MKL 10,764 12.8%
KEYS 9,464 16.2%
Top Reduces (Value $000, Stocks/ETFs)
FISV -83,967 -100.0%
KMX -74,938 -100.0%
META -22,082 -9.6%
NVR -10,172 -9.0%
PGR -9,597 -7.3%
RMD -7,743 -12.0%
OZK -6,164 -9.6%
ALGN -5,721 -100.0%
ANET -5,169 -8.6%
FND -3,042 -17.5%
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