13F filing recap · Q3 2017

What did Giverny Capital buy in Q3 2017?

Reported stock-position changes between this filing and the previous one.

Stock value

$684.43M

Positions

Estimated turnover

3.6%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

SPYSPDR S&P 500 ETF Trust$1.34Mreported value+5.3K shares BRK.ABerkshire Hathaway Inc$824.0Kreported value+3 shares TJXThe Tjx Companies, Inc.$309.0Kreported value+4.2K shares LULULululemon Athletica Inc.$286.0Kreported value+4.6K shares

Increased positions

BRK.BBerkshire Hathaway Inc$129.72Mreported value+16.2K shares+2.3%KMXCarmax, Inc.$70.89Mreported value+34.8K shares+3.9%OZKBank Ozk$58.72Mreported value+48.9K shares+4.2%AMEAmetek, Inc.$45.45Mreported value+12.6K shares