13F filing recap · Q1 2023

What did Giverny Capital buy in Q1 2023?

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

Stock value

$1.66B

Positions

Estimated turnover

7.9%

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

FISVFiserv Inc$29.46Mreported value+260.7K shares

Increased positions

PGRProgressive Corp/oh/$68.84Mreported value+19.9K shares+4.3%FBINFortune Brands Innovations, Inc.$52.72Mreported value+633 shares+0.1%IBPInstalled Building Products, Inc.$48.36Mreported value+10.8K shares+2.6%LULULululemon Athletica Inc.$41.55Mreported value+4.2K shares

Reduced positions

BRK.BBerkshire Hathaway Inc$137.39Mreported value-16.4K shares-3.6%FIVEFive Below, Inc.$123.99Mreported value-16.4K shares-2.6%AMEAmetek, Inc.$122.31Mreported value-11.7K shares-1.4%MKLMarkel Group Inc.$101.68Mreported value-1.8K shares

Exited positions

FRCFirst Republic Bank$28.87Mprior reported value-236.9K shares-100.0%VOOVanguard Index Funds$2.42Mprior reported value-6.9K shares-100.0%ICEIntercontinental Exchange, Inc.$1.38Mprior reported value-13.4K shares-100.0%UNHUnitedHealth Group Incorporated$918.8Kprior reported value