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Giverny Capital Inc.

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13F filer, CIK 1641864, MONTREAL, Quebec, Canada

Giverny Capital Inc. reported $2,951,143,263 across 52 holdings for the quarter ended 2025-09-30, in a 13F-HR/A filed 2025-11-17. Its ten largest share positions make up 57.65% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR/A 0001641864-25-000012

Period
2025-09-30
Reported value
$2.95B
Holdings
52
Top 10 weight
57.65%
New
1
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
RMDnew+235,418$64.4M
KNSLadded+11,309$4.81M
TWFGadded+122,469$3.36M
PGRadded+13,522$3.34M
FIVEadded+11,219$1.74M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
SBUXexited-750,248-$68.7M
BACexited-1,004,119-$47.5M
ANETreduced-70,162-$10.2M
CACCreduced-23,627-$8.88M
METAreduced-7,092-$5.21M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR/A 0001641864-25-000012, largest first. % of portfolio is the value over $2,951,143,263, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 489,311 shares; 2024Q4: 505,550 shares; 2025Q1: 503,332 shares; 2025Q2: 511,784 shares; 2025Q3: 510,644 shares 510,644$257M8.7%-1,140Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 309,942 shares; 2024Q4: 315,095 shares; 2025Q1: 315,144 shares; 2025Q2: 318,902 shares; 2025Q3: 311,810 shares 311,810$229M7.76%-7,092Timeline
HEI-AHEICO CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 732,993 shares; 2024Q4: 741,655 shares; 2025Q1: 742,011 shares; 2025Q2: 749,492 shares; 2025Q3: 749,501 shares 749,501$190M6.45%+9Timeline
AMEAMETEK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 959,222 shares; 2024Q4: 974,459 shares; 2025Q1: 977,434 shares; 2025Q2: 996,344 shares; 2025Q3: 996,676 shares 996,676$187M6.35%+332Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 646,180 shares; 2024Q4: 655,037 shares; 2025Q1: 651,446 shares; 2025Q2: 653,717 shares; 2025Q3: 638,213 shares 638,213$155M5.27%-15,504Timeline
SCHWCHARLES SCHWAB CORP (THE)Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 935,772 shares; 2024Q4: 947,927 shares; 2025Q1: 949,066 shares; 2025Q2: 1,567,495 shares; 2025Q3: 1,575,776 shares 1,575,776$150M5.1%+8,281Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 391,760 shares; 2024Q4: 395,717 shares; 2025Q1: 393,549 shares; 2025Q2: 401,297 shares; 2025Q3: 405,520 shares 405,520$138M4.69%+4,223Timeline
MEDPMEDPACE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 227,072 shares; 2024Q4: 234,287 shares; 2025Q1: 251,937 shares; 2025Q2: 261,755 shares; 2025Q3: 261,802 shares 261,802$135M4.56%+47Timeline
PGRPROGRESSIVE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 536,693 shares; 2024Q4: 545,856 shares; 2025Q1: 529,154 shares; 2025Q2: 520,367 shares; 2025Q3: 533,889 shares 533,889$132M4.47%+13,522Timeline
IBPINSTALLED BLDG PRODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 487,115 shares; 2024Q4: 504,735 shares; 2025Q1: 508,073 shares; 2025Q2: 514,459 shares; 2025Q3: 514,736 shares 514,736$127M4.3%+277Timeline
BKNGBOOKING HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 20,515 shares; 2024Q4: 21,177 shares; 2025Q1: 21,132 shares; 2025Q2: 21,290 shares; 2025Q3: 21,343 shares 21,343$115M3.9%+53Timeline
NVRNVR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,307 shares; 2024Q4: 13,558 shares; 2025Q1: 13,490 shares; 2025Q2: 14,038 shares; 2025Q3: 14,075 shares 14,075$113M3.83%+37Timeline
FIVEFIVE BELOW INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 725,249 shares; 2024Q4: 732,110 shares; 2025Q1: 621,590 shares; 2025Q2: 625,871 shares; 2025Q3: 637,090 shares 637,090$98.6M3.34%+11,219Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 346,704 shares; 2024Q4: 356,828 shares; 2025Q1: 359,603 shares; 2025Q2: 379,617 shares; 2025Q3: 359,143 shares 359,143$87.3M2.96%-20,474Timeline
FISVFISERV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 501,278 shares; 2024Q4: 630,254 shares; 2025Q1: 629,633 shares; 2025Q2: 648,574 shares; 2025Q3: 651,257 shares 651,257$84M2.85%+2,683Timeline
MKLMARKEL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 42,684 shares; 2024Q4: 43,331 shares; 2025Q1: 43,402 shares; 2025Q2: 43,696 shares; 2025Q3: 43,829 shares 43,829$83.8M2.84%+133Timeline
KNSLKINSALE CAP GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 86,315 shares; 2024Q4: 90,759 shares; 2025Q1: 169,967 shares; 2025Q2: 179,153 shares; 2025Q3: 190,462 shares 190,462$81M2.74%+11,309Timeline
KMXCARMAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,637,125 shares; 2024Q4: 1,682,869 shares; 2025Q1: 1,641,622 shares; 2025Q2: 1,655,930 shares; 2025Q3: 1,670,114 shares 1,670,114$74.9M2.54%+14,184Timeline
RMDRESMED INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 235,418 shares 235,418$64.4M2.18%newTimeline
OZKBANK OZK LITTLE ROCK ARKQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,197,374 shares; 2024Q4: 1,212,438 shares; 2025Q1: 1,209,513 shares; 2025Q2: 1,258,996 shares; 2025Q3: 1,261,960 shares 1,261,960$64.3M2.18%+2,964Timeline
ANETARISTA NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 482,561 shares; 2025Q3: 412,399 shares 412,399$60.1M2.04%-70,162Timeline
KEYSKEYSIGHT TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 481,070 shares; 2024Q4: 331,845 shares; 2025Q1: 331,011 shares; 2025Q2: 333,585 shares; 2025Q3: 333,927 shares 333,927$58.4M1.98%+342Timeline
ADIANALOG DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 206,111 shares; 2024Q4: 171,775 shares; 2025Q1: 171,340 shares; 2025Q2: 176,111 shares; 2025Q3: 176,468 shares 176,468$43.4M1.47%+357Timeline
BROBROWN & BROWN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 294,809 shares; 2025Q1: 294,603 shares; 2025Q2: 321,637 shares; 2025Q3: 322,246 shares 322,246$30.2M1.02%+609Timeline
DISDISNEY WALT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 245,548 shares; 2024Q4: 248,218 shares; 2025Q1: 247,503 shares; 2025Q2: 260,475 shares; 2025Q3: 260,400 shares 260,400$29.8M1.01%-75Timeline
LULULULULEMON ATHLETICA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 141,477 shares; 2024Q4: 143,368 shares; 2025Q1: 143,169 shares; 2025Q2: 143,977 shares; 2025Q3: 144,001 shares 144,001$25.6M0.87%+24Timeline
LFUSLITTELFUSE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,015 shares; 2024Q4: 80,615 shares; 2025Q1: 80,504 shares; 2025Q2: 81,112 shares; 2025Q3: 81,257 shares 81,257$21M0.71%+145Timeline
FNDFLOOR & DECOR HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 230,681 shares; 2024Q4: 233,921 shares; 2025Q1: 233,878 shares; 2025Q2: 235,831 shares; 2025Q3: 236,148 shares 236,148$17.4M0.59%+317Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 43,324 shares; 2024Q4: 43,862 shares; 2025Q1: 44,483 shares; 2025Q2: 50,950 shares; 2025Q3: 50,705 shares 50,705$16M0.54%-245Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,546 shares; 2024Q4: 26,275 shares; 2025Q1: 27,043 shares; 2025Q2: 27,841 shares; 2025Q3: 27,724 shares 27,724$15.8M0.53%-117Timeline
BLDRBUILDERS FIRSTSOURCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 82,445 shares; 2025Q2: 87,317 shares; 2025Q3: 87,096 shares 87,096$10.6M0.36%-221Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7 shares; 2024Q4: 8 shares; 2025Q1: 11 shares; 2025Q2: 11 shares; 2025Q3: 11 shares 11$8.47M0.29%0Timeline
TWFGTWFG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 177,848 shares; 2025Q3: 300,317 shares 300,317$8.24M0.28%+122,469Timeline
FERGFERGUSON ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 33,708 shares; 2025Q1: 34,386 shares; 2025Q2: 35,679 shares; 2025Q3: 35,503 shares 35,503$7.97M0.27%-176Timeline
ALGNALIGN TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,993 shares; 2024Q4: 43,006 shares; 2025Q1: 45,135 shares; 2025Q2: 46,358 shares; 2025Q3: 45,691 shares 45,691$5.72M0.19%-667Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,852 shares; 2024Q4: 16,976 shares; 2025Q1: 9,367 shares; 2025Q2: 16,976 shares; 2025Q3: 16,875 shares 16,875$4.3M0.15%-101Timeline
CACCCREDIT ACCEP CORP MICHQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,258 shares; 2024Q4: 29,558 shares; 2025Q1: 29,851 shares; 2025Q2: 30,501 shares; 2025Q3: 6,874 shares 6,874$2.58M0.09%-23,627Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,550 shares; 2024Q4: 14,638 shares; 2025Q1: 11,550 shares; 2025Q2: 11,550 shares; 2025Q3: 8,163 shares 8,163$2.28M0.08%-3,387Timeline
COFCAPITAL ONE FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,774 shares; 2024Q4: 14,774 shares; 2025Q1: 12,274 shares; 2025Q2: 9,274 shares; 2025Q3: 8,275 shares 8,275$1.76M0.06%-999Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,752 shares; 2024Q4: 4,752 shares; 2025Q1: 2,567 shares; 2025Q2: 2,474 shares; 2025Q3: 2,474 shares 2,474$1.65M0.06%0Timeline
YUMCYUM CHINA HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,036 shares; 2024Q4: 36,036 shares; 2025Q1: 36,036 shares; 2025Q2: 36,036 shares; 2025Q3: 36,036 shares 36,036$1.55M0.05%0Timeline
MTBM & T BK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 360,591 shares; 2024Q4: 367,581 shares; 2025Q1: 367,532 shares; 2025Q2: 7,540 shares; 2025Q3: 7,540 shares 7,540$1.49M0.05%0Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,206 shares; 2024Q4: 4,206 shares; 2025Q1: 3,898 shares; 2025Q2: 3,876 shares; 2025Q3: 3,876 shares 3,876$1.38M0.05%0Timeline
ITBISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,299 shares; 2024Q4: 10,432 shares; 2025Q1: 10,961 shares; 2025Q2: 11,518 shares; 2025Q3: 11,561 shares 11,561$1.24M0.04%+43Timeline
BIRKBIRKENSTOCK HOLDING PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 27,392 shares; 2025Q1: 27,392 shares; 2025Q2: 27,392 shares; 2025Q3: 27,392 shares 27,392$1.24M0.04%0Timeline
CPRTCOPART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,484 shares; 2024Q4: 27,484 shares; 2025Q1: 27,484 shares; 2025Q2: 27,484 shares; 2025Q3: 27,484 shares 27,484$1.24M0.04%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,354 shares; 2025Q1: 1,987 shares; 2025Q2: 2,303 shares; 2025Q3: 1,703 shares 1,703$882K0.03%-600Timeline
DFHDREAM FINDERS HOMES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,202 shares; 2024Q4: 32,202 shares; 2025Q1: 32,202 shares; 2025Q2: 32,202 shares; 2025Q3: 32,202 shares 32,202$835K0.03%0Timeline
ODFLOLD DOMINION FREIGHT LINE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,255 shares; 2024Q4: 5,255 shares; 2025Q1: 5,255 shares; 2025Q2: 5,255 shares; 2025Q3: 5,255 shares 5,255$740K0.03%0Timeline
NVONOVO-NORDISK A SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,400 shares; 2024Q4: 12,400 shares; 2025Q1: 12,400 shares; 2025Q2: 12,400 shares; 2025Q3: 12,400 shares 12,400$688K0.02%0Timeline
SITESITEONE LANDSCAPE SUPPLY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,753 shares; 2024Q4: 3,753 shares; 2025Q1: 3,753 shares; 2025Q2: 3,753 shares; 2025Q3: 3,753 shares 3,753$483K0.02%0Timeline
COSTCOSTCO WHOLESALE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 240 shares; 2024Q4: 240 shares; 2025Q1: 240 shares; 2025Q2: 240 shares; 2025Q3: 240 shares 240$222K0.01%0Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SBUXSTARBUCKS CORP750,248$68.7Mshares
BACBANK OF AMER CORP1,004,119$47.5Mshares
AMZNAMAZON COM INC1,174$258Kshares
ISRGINTUITIVE SURGICAL INC405$220Kshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001641864-25-000010 superseded2025-11-14acceptance time not in the bulk data set
13F-HR/A 0001641864-25-000011 supersededrestatement2025-11-14acceptance time not in the bulk data set
13F-HR/A 0001641864-25-000012 baserestatement2025-11-17acceptance time not in the bulk data set