13F filing recap · Q3 2020

What did Giverny Capital buy in Q3 2020?

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

Stock value

$1.09B

Positions

Estimated turnover

5.6%

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

SBUXStarbucks Corporation$544.0Kreported value+6.3K shares SLViShares Silver Trust$498.0Kreported value+23.0K shares NVONovo Nordisk A/s$430.0Kreported value+6.2K shares LBRDALiberty Broadband Corporation$171.0Kreported value+1.2K shares ISRGIntuitive Surgical, Inc.$96.0Kreported value+135 shares RMDResmed Inc.$75.0Kreported value+437 shares LLYEli Lilly & Co$64.0Kreported value+432 shares RBARb Global, Inc$63.0Kreported value+1.1K shares

Increased positions

KMXCarmax, Inc.$99.14Mreported value+12.2K shares+1.1%AMEAmetek, Inc.$75.14Mreported value+8.3K shares+1.1%VVisa Inc.$60.23Mreported value+1.1K shares+0.4%PGRProgressive Corp/oh/$58.15Mreported value+10.3K shares

Reduced positions

BRK.BBerkshire Hathaway Inc$143.56Mreported value-170.3K shares-20.2%NVRNvr, Inc.$57.00Mreported value-156 shares-1.1%GOOGAlphabet Inc.$53.14Mreported value-164 shares-0.5%FBINFortune Brands Innovations, Inc.$43.49Mreported value-3.7K shares

Exited positions

CHTRCharter Communications, Inc.$510.0Kprior reported value-1.0K shares-100.0%FWONKLiberty Media Corporation$389.0Kprior reported value-12.3K shares-100.0%UNHUnitedHealth Group Incorporated$299.0Kprior reported value-1.0K shares-100.0%