13F filing recap · Q4 2017

What did Giverny Capital buy in Q4 2017?

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

Stock value

$728.91M

Positions

Estimated turnover

12.7%

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

CACCCredit Acceptance Corp$19.22Mreported value+59.4K shares EWEdwards Lifesciences Corporation$18.21Mreported value+161.6K shares LFUSLittelfuse Inc /de$301.0Kreported value+1.5K shares RYAAYRyanair Holdings Plc$260.0Kreported value+2.5K shares

Increased positions

BRK.BBerkshire Hathaway Inc$141.97Mreported value+8.6K shares+1.2%KMXCarmax, Inc.$66.24Mreported value+97.7K shares+10.4%MKLMarkel Group Inc.$35.00Mreported value+270 shares+0.9%GOOGAlphabet Inc.$29.13Mreported value+3.5K shares

Reduced positions

OZKBank Ozk$58.91Mreported value-6.3K shares-0.5%AMEAmetek, Inc.$49.50Mreported value-5.3K shares-0.8%VVisa Inc.$38.16Mreported value-4.3K shares-1.3%LKQLkq Corporation$37.27Mreported value-183.2K shares