13F filing recap · Q2 2018

What did Giverny Capital buy in Q2 2018?

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

Stock value

$768.86M

Positions

Estimated turnover

13.6%

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

METAMeta Platforms, Inc.$20.34Mreported value+104.7K shares BKNGBooking Holdings Inc.$101.0Kreported value+50 shares

Increased positions

BRK.BBerkshire Hathaway Inc$142.12Mreported value+21.8K shares+2.9%KMXCarmax, Inc.$80.73Mreported value+16.3K shares+1.5%OZKBank Ozk$57.71Mreported value+40.4K shares+3.3%AMEAmetek, Inc.$52.03Mreported value+21.7K shares

Reduced positions

LKQLkq Corporation$12.21Mreported value-562.8K shares-59.5%SPYSPDR S&P 500 ETF Trust$1.43Mreported value-38 shares-0.7%MAMastercard Inc$619.0Kreported value-55 shares-1.7%CACCCredit Acceptance Corp$351.0Kreported value-63.0K shares

Exited positions

FASTFastenal Co$223.0Kprior reported value-4.1K shares-100.0%