Giverny Capital Inc.
SEC Form 13F institutional filer · CIK 0001641864
13F-HR · 32 reported holdings · 2026-03-31
SEC-registered institutional investment manager.
Reported long-US-equity value
$1.84B
Top-10 concentration
71.7%
Giverny Capital Inc. — $1.84B AUM allocation strategy
Giverny Capital Inc. files SEC Form 13F and reports $1.84B of long US equity value across 32 reported holdings for 2026-03-31.
Its largest sector bet is Financials 34.2%, followed by Communication Services 27.5% and Industrials 11.8%.
The top 10 holdings account for 72% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Giverny Capital Inc. — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$1.84B
total across 32 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
72% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$ANET +4.2K sh · −$2.94M+$BLDR +1.83K sh · −$1.7M+$JPM +460 sh · −$1.32M
Biggest trims (shares)
−$AME −367K sh · −$69.9M−$BRK.B −127K sh · −$72.9M−$SCHW −49.5K sh · −$14.1M
Exited to nil (held last quarter, gone now)
$COF ($2.01M last qtr)$ISRG ($229K last qtr)$COST ($207K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Interactive Media & Services24.7%—
- Multi-Sector Holdings9.9%—
- Investment Banking & Brokerage7.8%—
- Transaction & Payment Processing Services7.3%—
- Electrical Components & Equipment7.2%—
- Property & Casualty Insurance5.7%—
- Electronic Equipment & Instruments5.0%—
- Homebuilding4.9%—
- Other holdings27.6%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $BRK.B | Berkshire Hathaway Inc.-Class B | 379K | $181M | -127K | 9.9% |
| $GOOGL | Alphabet Inc | 621K | $178M | -18.6K | 9.7% |
| $META | Meta Platforms Inc | 308K | $176M | -5.63K | 9.6% |
| $SCHW | Charles Schwab Corporation | 1.54M | $144M | -49.5K | 7.9% |
| $AME | AMETEK Inc | 612K | $131M | -367K | 7.1% |
| $V | Visa Inc | 396K | $120M | -11K | 6.5% |
| $PGR | Progressive Corporation | 528K | $105M | -8.47K | 5.7% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 348K | $100M | -12.9K | 5.5% |
| $KEYS | Keysight Technologies Inc | 323K | $91.3M | -10.9K | 5.0% |
| $NVR | NVR Inc | 13.6K | $89.9M | -465 | 4.9% |
…and 22 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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