13F filing recap · Q4 2021

What did Giverny Capital buy in Q4 2021?

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

Stock value

$1.87B

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

CIENCiena Corp$25.63Mreported value+333.0K shares IBPInstalled Building Products, Inc.$22.04Mreported value+157.8K shares LBRDKLiberty Broadband Corporation$5.94Mreported value+36.9K shares BOOTBoot Barn Holdings, Inc.$1.02Mreported value+8.3K shares SITESiteone Landscape Supply, Inc.$909.0Kreported value+3.8K shares LEVILevi Strauss & Co.$824.0Kreported value+32.9K shares ADIAnalog Devices, Inc.$805.0Kreported value+4.6K shares GLDSpdr® Gold Trust$729.0Kreported value+4.3K shares

Increased positions

AMEAmetek, Inc.$116.67Mreported value+27.2K shares+3.5%GOOGAlphabet Inc.$116.60Mreported value+556 shares+1.4%SCHWSchwab Charles Corp$96.08Mreported value+23.4K shares+2.1%MKLMarkel Group Inc.$94.17Mreported value+2.1K shares

Reduced positions

BRK.BBerkshire Hathaway Inc$165.82Mreported value-193.0K shares-25.8%KMXCarmax, Inc.$144.46Mreported value-50.3K shares-4.3%JPMJPMorgan Chase & Co$42.33Mreported value-114.5K shares-30.0%BACBank of America Corp$39.04Mreported value-471.5K shares

Exited positions

HCSGHealthcare Services Group, Inc.$9.25Mprior reported value-370.2K shares-100.0%LBRDALiberty Broadband Corporation$5.97Mprior reported value-35.5K shares-100.0%ISRGIntuitive Surgical, Inc.$45.0Kprior reported value-135 shares-100.0%