13F filing recap · Q3 2019

What did Giverny Capital buy in Q3 2019?

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

Stock value

$1.00B

Positions

Estimated turnover

5.1%

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

PGRProgressive Corp/oh/$20.72Mreported value+268.2K shares

Increased positions

BRK.BBerkshire Hathaway Inc$181.18Mreported value+6.5K shares+0.8%KMXCarmax, Inc.$107.63Mreported value+3.0K shares+0.2%AMEAmetek, Inc.$73.22Mreported value+4.6K shares+0.6%NVRNvr, Inc.$53.75Mreported value+148 shares

Reduced positions

VVisa Inc.$53.24Mreported value-234 shares-0.1%HEI.AHeico Corporation$47.21Mreported value-1.3K shares-0.3%GOOGLAlphabet Inc.$7.05Mreported value-87 shares-1.5%MHKMohawk Industries, Inc.$616.0Kreported value-163.4K shares

Exited positions

LKQLkq Corporation$6.0Kprior reported value-220 shares-100.0%