Giverny Capital Inc.
Giverny Capital Inc. manages Giverny Capital Inc., an institutional investment manager registered with the SEC (CIK: 1641864). Portfolio data sourced from Form 13F filings.
Q1 2026 filings reveal Giverny Capital Inc. reported a $2.73 trillion portfolio, declaring 51 total holdings. The firm added five new positions, yet its top five holdings dominated capital allocation, led by Berkshire Hathaway B shares (BRK.B) at 6.6%. Alphabet (GOOG) followed at 6.5%, matching Meta Platforms (META), with HEICO A shares (HEI.A) at 5.7% and Charles Schwab (SCHW) at 5.3% comprising the portfolio’s largest allocations.
Giverny Capital Inc. (Giverny Capital Inc.) — Top 10 Holdings Q1 2026
| Stock | Weight | Activity | Shares Δ | Value |
|---|---|---|---|---|
 BRK.B BERKSHIRE HATHAWAY INC DEL | Reduce −25% | −127K | $181.44B | |
ALPHABET INC C | Reduce −3% | −19K | $178.11B | |
META PLATFORMS INC | Reduce −2% | −6K | $176.11B | |
HEI.A HEICO CORP NEW | Reduce −2% | −16K | $155.89B | |
SCHWAB CHARLES CORP | Reduce −3% | −49K | $144.37B | |
FIVE FIVE BELOW INC | Reduce −3% | −21K | $141.02B | |
AMETEK INC | Reduce −38% | −367K | $131.20B | |
MEDP MEDPACE HOLDINGS INC | Reduce −3% | −7K | $122.97B | |
VISA INC | Reduce −3% | −11K | $119.79B | |
IBP INSTALLED BLDG PRODS INC | Reduce −22% | −116K | $107.03B |
Giverny Capital Inc.’s Implied Market View — Q1 2026
Last Quarter Activity — Giverny Capital Inc. (Giverny Capital Inc.) Q1 2026
| Stock | Action | Shares Δ | Value | Wt. |
|---|---|---|---|---|
AUTOMATIC DATA PROC INC | New Buy | +419K new | $85.15B | 3.12% |
BRIGHT HORIZONSFAMILY SOLUTION | Add +81% | +332K | $60.97B | 2.23% |
SUNB SUNBELT RENTALS HLDGS IN GB SH | New Buy | +271K new | $17.63B | 0.65% |
AAON AAON INC | New Buy | +202K new | $16.70B | 0.61% |
TWFG TWFG INC | Add +67% | +221K | $10.15B | 0.37% |
KINSALE CAPITAL GROUP IN | Add +2% | +5K | $74.80B | 2.74% |
RSP INVESCO S&P500 EQ WGT ETF | New Buy | +6K new | $1.17B | 0.04% |
QQQM INVESCO EXCH TRADED FD TR II | New Buy | +4K new | $1.00B | 0.04% |
QoQ change vs Dec 2025 filing.
| Stock | Action | Shares Δ | Value | Wt. |
|---|---|---|---|---|
BRK.B BERKSHIRE HATHAWAY INC DEL | Reduce −25% | −127K | $181.44B | 6.64% |
ALPHABET INC C | Reduce −3% | −19K | $178.11B | 6.52% |
META PLATFORMS INC | Reduce −2% | −6K | $176.11B | 6.45% |
HEI.A HEICO CORP NEW | Reduce −2% | −16K | $155.89B | 5.71% |
SCHWAB CHARLES CORP | Reduce −3% | −49K | $144.37B | 5.29% |
FIVE FIVE BELOW INC | Reduce −3% | −21K | $141.02B | 5.16% |
COF COF CAPITAL ONE FC | Full Exit | Sold 100% | $2.01B | 0% |
COST COST COSTCO WHSL CORP NEW | Full Exit | Sold 100% | $207.0M | 0% |
DFH DFH DREAM FINDERS HOMES | Full Exit | Sold 100% | $550.7M | 0% |
ISRG ISRG INTUITIVE SURGICAL INC | Full Exit | Sold 100% | $229.4M | 0% |
QoQ change vs Dec 2025 filing.
New Positions — Giverny Capital Inc. (Giverny Capital Inc.) Q1 2026
Giverny Capital Inc. positioned heavily into industrial and business services during Q1 2026. Automatic Data Processing Inc. (ADP) became the firm’s largest new holding, a direct $85.15 billion allocation reflecting conviction in essential payroll and HR solutions. Equipment rental demand drove the $17.63 billion Sunbelt Rentals Hldgs Inc. shares (SUNB) purchase. AAON Inc. (AAON), an HVAC systems manufacturer, received $16.70 billion, indicating a belief in steady commercial and industrial construction activity.
Principal buys reveal a common thread: Giverny Capital Inc. prioritizes business-to-business reliability. The firm favors companies delivering essential services or equipment directly to other businesses. Small allocations to the Invesco S&P500 Eq Wgt ETF (RSP), at $1.17 billion, and the Invesco Exchange Traded Fd Tr II (QQQM), at $1.00 billion, offer broad market exposure. These ETF positions, however, dwarf the firm’s concentrated industrial entries, indicating a strategy favoring specific B2B operations for significant capital deployment.
| Stock | Action | Value |
|---|---|---|
AUTOMATIC DATA PROC INC | New Buy | $85.15B |
| See ADP analyst sentiment | ||
SUNB SUNBELT RENTALS HLDGS IN GB SH | New Buy | $17.63B |
AAON AAON INC | New Buy | $16.70B |
RSP INVESCO S&P500 EQ WGT ETF | New Buy | $1.17B |
QQQM INVESCO EXCH TRADED FD TR II | New Buy | $1.00B |
Increased Positions — Giverny Capital Inc. (Giverny Capital Inc.)
Giverny Capital Inc. committed substantial capital to existing positions during Q1 2026. The institutional manager increased its Brighthouse Financial stake by 81%, now totaling $60.97 billion. T. Rowe Price Group also received a forceful expansion, with the firm expanding its position 67% to $10.15 billion. These moves represented Giverny Capital’s most aggressive reallocations, signaling clear conviction in these companies.
Smaller additions defined Giverny Capital’s other maintained holdings. Kinsale Capital Group received a 2% increase, pushing its investment to $74.80 billion. Arista Networks saw its position grow 1% to $51.98 billion. JPMorgan Chase & Co. also received a modest 1% boost, bringing its holding to $15.38 billion. These incremental adjustments show Giverny Capital maintained exposure rather than making new, significant bets on these names.
| Stock | Action | Value |
|---|---|---|
KINSALE CAPITAL GROUP IN | Add +2% | $74.80B |
BRIGHT HORIZONSFAMILY SOLUTION | Add +81% | $60.97B |
ANET ARISTA NETWORKS INC | Add +1% | $51.98B |
JPMORGAN CHASE & CO | Add +1% | $15.38B |
TWFG TWFG INC | Add +67% | $10.15B |
FERG FERGUSON ENTERPRISES INC | Add +1% | $8.57B |
BLDR BUILDERS FIRSTSOURCE INC | Add +2% | $7.56B |
MICROSOFT CORP | Add +12% | $707.0M |
Stocks Sold or Reduced — Giverny Capital Inc. (Giverny Capital Inc.) Q1 2026
Giverny Capital Inc. adjusted its portfolio with multiple reductions during 2026’s first quarter. The SEC-registered investment manager executed its largest cut in Berkshire Hathaway Inc. Class B shares (BRK.B), decreasing the position by 25%. Giverny also reduced Alphabet Inc. Class C (GOOG) by 3%, while trimming Meta Platforms Inc. (META) 2%. Additionally, the firm cut HEICO Corp. New Class A (HEI.A) 2%. Managers pared Charles Schwab Corp. (SCHW) 3%, and also reduced Five Below Inc. (FIVE) 3%. These specific sales across technology, industrials, and retail suggest a deliberate reallocation of capital, away from some established positions.
| Stock | Action | Δ Value | Shares Δ |
|---|---|---|---|
BRK.B BERKSHIRE HATHAWAY INC DEL | Reduce −25% | $181.44B | 127K |
ALPHABET INC C | Reduce −3% | $178.11B | 19K |
META PLATFORMS INC | Reduce −2% | $176.11B | 6K |
HEI.A HEICO CORP NEW | Reduce −2% | $155.89B | 16K |
SCHWAB CHARLES CORP | Reduce −3% | $144.37B | 49K |
FIVE FIVE BELOW INC | Reduce −3% | $141.02B | 21K |
AMETEK INC | Reduce −38% | $131.20B | 367K |
MEDP MEDPACE HOLDINGS INC | Reduce −3% | $122.97B | 7K |
VISA INC | Reduce −3% | $119.79B | 11K |
IBP INSTALLED BLDG PRODS INC | Reduce −22% | $107.03B | 116K |
PGR PROGRESSIVE CORP | Reduce −2% | $104.74B | 8K |
ALPHABET INC | Reduce −4% | $100.21B | 13K |
KEYSIGHT TECHNOLOGIES INC | Reduce −3% | $91.26B | 11K |
NVR NVR INC | Reduce −3% | $89.93B | 465 |
BKNG BOOKING HOLDINGS INC. | Reduce −2% | $88.91B | 328 |
MKL MARKEL CORP | Reduce −2% | $82.20B | 1K |
OZK BANK OZK LITTLE ROCK ARK | Reduce −3% | $56.49B | 33K |
ADI ANALOG DEVICES INC | Reduce −3% | $54.42B | 6K |
DIS DISNEY WALT CO | Reduce −1% | $51.71B | 8K |
RMD RESMED INC | Reduce −2% | $51.63B | 5K |
BRO BROWN & BROWN | Reduce −2% | $49.25B | 17K |
LFUS LITTELFUSE INC | Reduce −1% | $27.39B | 866 |
LULU LULULEMON ATHLETICA INC | Reduce −1% | $21.83B | 2K |
MASTERCARD INCORPORATED | Reduce −2% | $14.02B | 693 |
FND FLOOR & DECOR HLDGS INC | Reduce −2% | $11.78B | 4K |
APPLE INC | Reduce −9% | $3.82B | 1K |
TAIWAN SEMICONDUCTOR MFG LTD | Reduce −49% | $2.75B | 8K |
ITB ISHARES TR | Reduce −7% | $982.8M | 844 |
ODFL OLD DOMINION FREIGHT LINE IN | Reduce −5% | $978.2M | 249 |
Why Giverny Capital Inc.’s (Giverny Capital Inc.) Moves Matter
Giverny Capital Inc. signaled a considered macro posture through its Q1 2026 portfolio adjustments. Maintaining Berkshire Hathaway Class B shares as its largest holding at 6.6% ($181.44B) suggests a defensive anchor amid market flux. Alphabet (GOOG) held steady at 6.5% ($178.11B), alongside Meta Platforms (META) at 6.5% ($176.11B), demonstrating conviction in tech giants. The addition of five new positions indicates Giverny pursued specific growth opportunities, balancing established market leaders with fresh allocations. This measured rebalancing reflects an outlook prepared for varied economic conditions, rather than a singular directional bet.
Retail investors often review these institutional filings for investment ideas. Giverny Capital Inc.’s reported holdings offer a window into their strategizing. Investors must recognize the mandatory 45-day reporting delay; the Q1 2026 data reflects positions held as of March 31, 2026. Market conditions and Giverny’s own allocations might have changed substantially since that cutoff. Use such disclosures as a starting point for independent research, not as current buy signals, aligning any potential investments with individual risk profiles and objectives.
About Giverny Capital Inc. — Giverny Capital Inc.
Giverny Capital Inc. manages Giverny Capital Inc., an institutional investment manager registered with the SEC (CIK: 1641864). Portfolio data sourced from Form 13F filings.
- Manages Giverny Capital Inc. — SEC-registered institutional investment manager
- CIK: 1641864 — Required to disclose equity holdings quarterly via Form 13F
Giverny Capital Inc. (Giverny Capital Inc.) — Complete Q1 2026 13F Holdings
| Stock | Weight | Activity | Shares Δ | Value |
|---|---|---|---|---|
BRK.B BERKSHIRE HATHAWAY INC DEL | Reduce −25% | −127K | $181.44B | |
ALPHABET INC C | Reduce −3% | −19K | $178.11B | |
META PLATFORMS INC | Reduce −2% | −6K | $176.11B | |
HEI.A HEICO CORP NEW | Reduce −2% | −16K | $155.89B | |
SCHWAB CHARLES CORP | Reduce −3% | −49K | $144.37B | |
FIVE FIVE BELOW INC | Reduce −3% | −21K | $141.02B | |
AMETEK INC | Reduce −38% | −367K | $131.20B | |
MEDP MEDPACE HOLDINGS INC | Reduce −3% | −7K | $122.97B | |
VISA INC | Reduce −3% | −11K | $119.79B | |
IBP INSTALLED BLDG PRODS INC | Reduce −22% | −116K | $107.03B | |
PGR PROGRESSIVE CORP | Reduce −2% | −8K | $104.74B | |
ALPHABET INC | Reduce −4% | −13K | $100.21B | |
KEYSIGHT TECHNOLOGIES INC | Reduce −3% | −11K | $91.26B | |
NVR NVR INC | Reduce −3% | −465 | $89.93B | |
BKNG BOOKING HOLDINGS INC. | Reduce −2% | −328 | $88.91B | |
AUTOMATIC DATA PROC INC | New Buy | +419K new | $85.15B | |
MKL MARKEL CORP | Reduce −2% | −1K | $82.20B | |
KINSALE CAPITAL GROUP IN | Add +2% | +5K | $74.80B | |
BRIGHT HORIZONSFAMILY SOLUTION | Add +81% | +332K | $60.97B | |
OZK BANK OZK LITTLE ROCK ARK | Reduce −3% | −33K | $56.49B | |
ADI ANALOG DEVICES INC | Reduce −3% | −6K | $54.42B | |
ANET ARISTA NETWORKS INC | Add +1% | +4K | $51.98B | |
DIS DISNEY WALT CO | Reduce −1% | −8K | $51.71B | |
RMD RESMED INC | Reduce −2% | −5K | $51.63B | |
BRO BROWN & BROWN | Reduce −2% | −17K | $49.25B | |
LFUS LITTELFUSE INC | Reduce −1% | −866 | $27.39B | |
LULU LULULEMON ATHLETICA INC | Reduce −1% | −2K | $21.83B | |
SUNB SUNBELT RENTALS HLDGS IN GB SH | New Buy | +271K new | $17.63B | |
AAON AAON INC | New Buy | +202K new | $16.70B | |
JPMORGAN CHASE & CO | Add +1% | +460 | $15.38B | |
MASTERCARD INCORPORATED | Reduce −2% | −693 | $14.02B | |
FND FLOOR & DECOR HLDGS INC | Reduce −2% | −4K | $11.78B | |
TWFG TWFG INC | Add +67% | +221K | $10.15B | |
FERG FERGUSON ENTERPRISES INC | Add +1% | +354 | $8.57B | |
BRK.A BERKSHIRE HATHAWAY INC DEL | Hold | — | $7.90B | |
BLDR BUILDERS FIRSTSOURCE INC | Add +2% | +2K | $7.56B | |
APPLE INC | Reduce −9% | −1K | $3.82B | |
TAIWAN SEMICONDUCTOR MFG LTD | Reduce −49% | −8K | $2.75B | |
YUMC YUM CHINA HLDGS INC | Hold | — | $1.76B | |
GLD SPDR GOLD TR | Hold | — | $1.67B | |
SPY SPDR S&P 500 ETF | Hold | — | $1.61B | |
MTB M & T BK CORP | Hold | — | $1.56B | |
RSP INVESCO S&P500 EQ WGT ETF | New Buy | +6K new | $1.17B | |
QQQM INVESCO EXCH TRADED FD TR II | New Buy | +4K new | $1.00B | |
ITB ISHARES TR | Reduce −7% | −844 | $982.8M | |
BIRK BIRKENSTOCK HLDG PLC | Hold | — | $981.5M | |
ODFL OLD DOMINION FREIGHT LINE IN | Reduce −5% | −249 | $978.2M | |
CPRT COPART INC | Hold | — | $912.5M | |
MICROSOFT CORP | Add +12% | +206 | $707.0M | |
SITE SITEONE LANDSCAPE SUPPLY INC | Hold | — | $499.6M | |
NVO NOVO-NORDISK A S | Hold | — | $455.7M |
For informational purposes only. Not investment advice. Data: sec-api.io & SEC EDGAR 13F-HR filings. Giverny Capital Inc. (Giverny Capital Inc.) 13F filings are filed 45 days after quarter end — positions may have changed. Last updated: 2026-05-18.