Giverny Capital Inc.

CIK 0001641864 · Q1 2026

13F Equity AUM

$2.7B

-8.9% QoQ

Positions

+1 QoQ

AUM Rank

#1,484

Top 12%

Skill Alpha (FF)

-2.6%/yr^ns

No Clear Edge

Rank #5,922 · Top 72%

vs S&P -3.9%/yr (unadj.)

Quarters Tracked

~11 years

Portfolio Concentration

Top 5: 30.6%Top 10: 53.4%Top 20: 83.9%

BRK/B6.6%

GOOG6.5%

META6.5%

HEI/A5.7%

SCHW5.3%

FIVE5.2%

AME4.8%

MEDP4.5%

V4.4%

IBP3.9%

Others (41)46.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services31.5%

Consumer Cyclical19.2%

Communication Services18.5%

Industrials9.2%

Technology8.5%

Healthcare6.4%

Consumer Discretionary5.7%

Other0.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 51Median: 1.00%Avg: 1.96%

0–0.5%

20(2.5%)

0.5–1%

5(3.1%)

1–3%

9(17.5%)

3–5%

11(41.1%)

5%+

6(35.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 51Unique: 0vs 20 funds

0.7%Low

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

BANK OF AMERICA CORP /DE/

1.1%

1.2%

1.7%

1.4%

VANGUARD CAPITAL MANAGEMENT LLC

1.3%

VANGUARD PORTFOLIO MANAGEMENT LLC

1.5%

GEODE CAPITAL MANAGEMENT, LLC

1.2%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New5Increased8Decreased30Exited4

New Positions

ADP3.1%

+419K

SUNBELT RENTALS HLDG…0.7%

+271K

AAON0.6%

+202K

QQQM0.0%

+4K

RSP0.0%

+6K

Increased

BFAM2.2%

+332K(+81%)

TWFG0.4%

+221K(+67%)

KNSL2.7%

+5K(+2%)

ANET1.9%

+4K(+1%)

BLDR0.3%

+2K(+2%)

JPM0.6%

+460(+1%)

FERG0.3%

+354(+1%)

MSFT0.0%

+206(+12%)

Decreased

AME4.8%

-367,400(-38%)

BRK/B6.6%

-127,359(-25%)

IBP3.9%

-115,571(-22%)

SCHW5.3%

-49,455(-3%)

OZK2.1%

-32,983(-3%)

FIVE5.2%

-20,556(-3%)

GOOG6.5%

-18,598(-3%)

BRO1.8%

-17,251(-2%)

HEI/A5.7%

-16,050(-2%)

GOOGL3.7%

-12,929(-4%)

Exited

-8,274

-32,202

-240

-405

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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