13F filing recap · Q1 2020

What did Giverny Capital buy in Q1 2020?

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

Stock value

$785.19M

Positions

Estimated turnover

17.1%

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

ATHMAutohome Inc.$12.30Mreported value+173.2K shares SNBRSleep Number Corp$4.14Mreported value+216.1K shares SSNCSS&C Technologies Holdings, Inc.$346.0Kreported value+7.9K shares DALDelta Air Lines, Inc.$265.0Kreported value+9.3K shares

Increased positions

PGRProgressive Corp/oh/$41.69Mreported value+115.1K shares+25.6%MKLMarkel Group Inc.$38.23Mreported value+2.2K shares+5.6%BACBank of America Corp$27.60Mreported value+336.0K shares+34.9%FIVEFive Below, Inc.$18.43Mreported value+258.3K shares

Reduced positions

BRK.BBerkshire Hathaway Inc$151.90Mreported value-60.0K shares-6.7%KMXCarmax, Inc.$59.35Mreported value-67.4K shares-5.8%AMEAmetek, Inc.$52.41Mreported value-105.2K shares-12.6%VVisa Inc.$47.34Mreported value-20.8K shares

Exited positions

MTBM&T Bank Corporation$23.66Mprior reported value-139.4K shares-100.0%ORLYO Reilly Automotive Inc$12.11Mprior reported value-27.6K shares-100.0%