13F filing recap · Q1 2025
What did Giverny Capital buy in Q1 2025?
Reported stock-position changes between this filing and the previous one.
Stock value
$2.71B
Positions
54
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 Builders Firstsource and Blackrock, while exiting Doubleline Capital, Edwards Lifesciences, Fortune Brands Innovations, Grayscale Bitcoin Trust ETF, Intercontinental Exchange, iShares Silver Trust, Jacobs Solutions, Liberty Broadband, UnitedHealth Group, and Vanguard Index Funds. The firm substantially increased its Kinsale Capital Group and Berkshire Hathaway stakes, and moderately added to Arista Networks. Notable trims included Five Below, Capital One Financial, Apple, Taiwan Semiconductor Manufacturing, SPDR S&P 500 ETF Trust, and Microsoft.