13F filing recap · Q2 2020

What did Giverny Capital buy in Q2 2020?

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

Stock value

$1.01B

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

ICEIntercontinental Exchange, Inc.$23.53Mreported value+256.9K shares CACCCredit Acceptance Corp$2.77Mreported value+6.6K shares ANETArista Networks, Inc.$2.17Mreported value+10.3K shares AMZNAmazon.com Inc$1.27Mreported value+459 shares JJacobs Solutions Inc.$1.20Mreported value+14.2K shares LBRDKLiberty Broadband Corporation$1.18Mreported value+9.5K shares FRCFirst Republic Bank$943.0Kreported value+8.9K shares MSFTMicrosoft Corporation$718.0Kreported value+3.5K shares WWayfair Inc.$695.0Kreported value+3.5K shares CHTRCharter Communications, Inc.$510.0Kreported value+1.0K shares TSMTaiwan Semiconductor Manufacturing$303.0Kreported value+5.3K shares UNHUnitedHealth Group Incorporated$299.0Kreported value+1.0K shares

Increased positions

BRK.BBerkshire Hathaway Inc$150.74Mreported value+13.6K shares+1.6%AMEAmetek, Inc.$66.81Mreported value+19.9K shares+2.7%VVisa Inc.$57.98Mreported value+6.4K shares+2.2%GOOGAlphabet Inc.$51.35Mreported value+2.2K shares

Reduced positions

KMXCarmax, Inc.$95.49Mreported value-36.2K shares-3.3%BACBank of America Corp$29.98Mreported value-37.8K shares-2.9%LFUSLittelfuse Inc /de$9.94Mreported value-328 shares-0.6%

Exited positions

UNPUnion Pacific Corp$7.33Mprior reported value-52.0K shares-100.0%LUVSouthwest Airlines Co.$297.0Kprior reported value-8.3K shares-100.0%DALDelta Air Lines, Inc.$265.0Kprior reported value-9.3K shares-100.0%MHKMohawk Industries, Inc.$245.0Kprior reported value-3.2K shares