13F filing recap · Q3 2024

What did Giverny Capital buy in Q3 2024?

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

Stock value

$2.63B

Positions

Estimated turnover

4.7%

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.

Quarter in review

Giverny Capital opened new positions in Intercontinental Exchange, Capital One Financial, Yum China Holdings, Liberty Media Corporation, and Costco Wholesale, while exiting Airbnb, Grayscale Bitcoin Trust ETF, and Ferguson Enterprises. The firm added to Kinsale Capital Group sharply, and increased Taiwan Semiconductor Manufacturing substantially. It also added to Medpace Holdings, Alphabet, Credit Acceptance Corp, Align Technology, and Old Dominion Freight Line, while trimming Floor & Decor Holdings and iShares Trust.

New positions

ICEIntercontinental Exchange, Inc.$2.70Mreported value+16.8K shares COFCapital One Financial Corp$2.21Mreported value+14.8K shares YUMCYum China Holdings, Inc.$1.62Mreported value+36.0K shares FWONKLiberty Media Corporation$1.16Mreported value+15.0K shares

Increased positions

BRK.BBerkshire Hathaway Inc$225.21Mreported value+4.8K shares+1.0%METAMeta Platforms, Inc.$177.42Mreported value+12.2K shares+4.1%AMEAmetek, Inc.$164.71Mreported value+22.5K shares+2.4%HEI.AHeico Corporation$149.35Mreported value+9.3K shares

Reduced positions

GOOGAlphabet Inc.$108.03Mreported value-1.3K shares-0.2%FNDFloor & Decor Holdings, Inc.$28.64Mreported value-45.6K shares-16.5%AAPLApple Inc.$2.30Mreported value-175 shares-1.7%ITBiShares Trust$1.31Mreported value-2.3K shares

Exited positions

FERGFerguson Enterprises Inc.MIXED CORP ACTION$5.76Mprior reported value-29.8K shares-100.0%ABNBAirbnb, Inc.$1.07Mprior reported value-7.1K shares-100.0%GBTCGrayscale Bitcoin Trust ETF$396.2Kprior reported value-7.4K shares-100.0%