François Rochon

Giverny Capital Inc.

Qualité / Croissance

Founder of Giverny Capital, Francois Rochon is a long-term investor inspired by Buffett, closely followed for his detailed annual shareholder letters.

As of June 30, 2026, the François Rochon portfolio (Giverny Capital Inc.) holds 51 equity positions worth $3.0B. That is up 8.9% from $2.7B in Q1 2026. Over the quarter, the fund opened 7 new positions, exited 6, increased 12 and trimmed 30 (full breakdown below).

Portfolio

$3.0B

Equity positions

Top 10 concentration

51.5%

Weighted yield

1.2%

Dividend coverage

5.1%

Portfolio as of June 30, 2026

Quarter

Company ↕	Type	Shares ↕	Value ↓	% ↕
Loading…

–

Quarterly moves

Q1 2026 → Q2 2026

Portfolio value went from $2.7B to $3.0B (+8.9%) quarter over quarter.

New buys

Amount invested · % of portfolio

NEW YORK TIMES CO-A- $34M · 1.1%
MSA SAFETY INC $29M · 1.0%
WATSCO INC $27M · 0.9%
VEEVA SYSTEMS INC CL-A $17M · 0.6%
AMERICAN EXPRESS CO $16M · 0.5%
HAWKINS INC $13M · 0.5%
INVESCO QQQ TR $288K · 0.0%

Positions added to

Amount bought · (±%) · % of portfolio

SCHWAB CHARLES CORP $13M (+9.5%) · 5.2%
AUTOMATIC DATA PROC INC $53M (+56.2%) · 4.9%
PROGRESSIVE CORP $3M (+2.6%) · 4.0%
BOOKING HOLDINGS INC. $89M (+2375.1%) · 3.1%
KINSALE CAPITAL GROUP IN $7M (+10%) · 2.7%
BRIGHT HORIZONSFAMILY SOLUTION $24M (+45.6%) · 2.6%
RESMED INC $31M (+68.5%) · 2.5%
AAON INC $374K (+1.5%) · 0.9%
TWFG INC $2M (+18.2%) · 0.5%
MASTERCARD INCORPORATED $385K (+2.7%) · 0.5%
FERGUSON ENTERPRISES INC $155K (+1.8%) · 0.3%
ISHARES TR $84K (+7.4%) · 0.0%

Positions trimmed

Amount sold · (±%) · % of portfolio

ALPHABET INC C $4M (-2.5%) · 7.2%
HEICO CORP NEW $683K (-0.4%) · 6.4%
META PLATFORMS INC $3M (-1.6%) · 5.7%
AMETEK INC $3M (-2.2%) · 4.9%
MEDPACE HOLDINGS INC $1M (-0.8%) · 4.5%
VISA INC $2M (-1.6%) · 4.5%
BERKSHIRE HATHAWAY INC DEL $62M (-34.4%) · 4.2%
ALPHABET INC $11M (-11%) · 3.7%
FIVE BELOW INC $4M (-3.1%) · 3.6%
INSTALLED BLDG PRODS INC $2M (-1.5%) · 3.1%
NVR INC $3M (-3%) · 3.0%
BANK OZK LITTLE ROCK ARK $2M (-2.7%) · 2.1%
MARKEL CORP $23M (-28.1%) · 2.0%
ARISTA NETWORKS INC $10M (-19.7%) · 1.9%
KEYSIGHT TECHNOLOGIES INC $51M (-55.7%) · 1.7%
DISNEY WALT CO $2M (-3.9%) · 1.7%
BROWN & BROWN $129K (-0.3%) · 1.6%
ANALOG DEVICES INC $25M (-45.4%) · 1.3%
LITTELFUSE INC $2M (-8.2%) · 1.1%
SUNBELT RENTALS HOLDINGS $2M (-9%) · 0.7%
JPMORGAN CHASE & CO $1M (-8.5%) · 0.5%
LULULEMON ATHLETICA INC $2M (-9.7%) · 0.5%
FLOOR & DECOR HLDGS INC $100K (-0.8%) · 0.5%
BUILDERS FIRSTSOURCE INC $29K (-0.4%) · 0.3%
BERKSHIRE HATHAWAY INC DEL $1M (-18.2%) · 0.2%
APPLE INC $519K (-13.6%) · 0.1%
TAIWAN SEMICONDUCTOR MFG LTD $2M (-55%) · 0.1%
SPDR S&P 500 ETF $117K (-7.3%) · 0.1%
MICROSOFT CORP $46K (-6.4%) · 0.0%
COPART INC $638K (-69.9%) · 0.0%

Positions closed

Portfolio value over time

Top 10 holdings evolution as of June 30, 2026

Share of portfolio (%) since inception, top 10 as of the selected quarter.

Sector breakdown

Based on holdings matched to a stock referenced on the site.

Dividend aristocrats held

Stocks with at least 25 consecutive years of dividend growth.

AUTOMATIC DATA PROC INC 41 yrs 1.2%

Frequently asked questions

What are François Rochon's top holdings?

As of June 30, 2026, the top three holdings of Giverny Capital Inc. are ALPHABET INC C, HEICO CORP NEW, META PLATFORMS INC.

How many positions does François Rochon hold?

Giverny Capital Inc. reports 51 equity positions worth $3.0B as of June 30, 2026.

Does François Rochon invest in dividend stocks?

The weighted dividend yield of the covered portion of the portfolio is approximately 1.2%.

Data sourced from 13F filings submitted to the SEC, published with roughly 45 days of lag. A 13F only covers long positions in U.S.-traded securities: it excludes short sales, non-U.S. holdings and cash. Provided for informational purposes only and does not constitute investment advice.