Giverny Capital Inc's Q1 2022 13F: 1 new position, 2 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed May 12, 2022 · 63 reported positions · accession 0001641864-22-000004
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | BERKSHIRE HATHAWAY INC DEL (BRK-B) | 8.8% | 8.7% | −0.1 pts | −117K sh | −21% |
| Increased | FIVE BELOW INC (FIVE) | 3.8% | 4.4% | +0.6 pts | +148K sh | +43% |
| Increased | INSTALLED BLDG PRODS INC (IBP) | 1.2% | 1.9% | +0.7 pts | +240K sh | +152% |
| Increased | CIENA CORP (CIEN) | 1.4% | 2.2% | +0.8 pts | +313K sh | +94% |
| Reduced | PROGRESSIVE CORP (PGR) | 4.5% | 4.6% | +0.2 pts | −96,817 sh | −12% |
| Increased | CARMAX INC (KMX) | 7.7% | 6.3% | −1.4 pts | +42,742 sh | +4% |
| Increased | ALPHABET INC (GOOG) | 6.2% | 6.6% | +0.3 pts | +1,284 sh | +3% |
| Increased | MARKEL CORP (MKL) | 5.0% | 6.5% | +1.5 pts | +2,245 sh | +3% |
| Increased | SS&C TECHNOLOGIES HLDGS INC (SSNC) | 2.8% | 2.8% | +0.1 pts | +35,915 sh | +6% |
| Exited | AMAZON COM INC (AMZN) | 0.1% | — | −0.1 pts | −758 sh | −100% |
| Increased | HEICO CORP NEW (HEIA) | 4.2% | 5.5% | +1.2 pts | +13,531 sh | +2% |
| Increased | META PLATFORMS INC (META) | 4.5% | 3.2% | −1.2 pts | +8,706 sh | +4% |
| Increased | AMETEK INC (AME) | 6.2% | 6.1% | −0.2 pts | +12,485 sh | +2% |
| Increased | M & T BK CORP (MTB) | 2.3% | 2.8% | +0.5 pts | +8,203 sh | +3% |
| Increased | JPMORGAN CHASE & CO (JPM) | 2.3% | 2.1% | −0.1 pts | +9,261 sh | +3% |
| Increased | VISA INC (V) | 3.9% | 4.3% | +0.4 pts | +5,472 sh | +2% |
| Exited | WAYFAIR INC (W) | 0.1% | — | −0.1 pts | −5,602 sh | −100% |
| Increased | BANK OZK (OZK) | 0.4% | 0.5% | 0.0 pts | +23,217 sh | +13% |
| Increased | SCHWAB CHARLES CORP (SCHW) | 5.1% | 5.5% | +0.4 pts | +10,422 sh | +1% |
| Reduced | UNITEDHEALTH GROUP INC (UNH) | 0.1% | 0.1% | 0.0 pts | −1,628 sh | −40% |
| Reduced | TAIWAN SEMICONDUCTOR MFG LTD (TSM) | 0.1% | 0.0% | 0.0 pts | −4,943 sh | −37% |
| Increased | NVR INC (NVR) | 4.9% | 4.0% | −1.0 pts | +109 sh | +1% |
| Reduced | LIBERTY BROADBAND CORP (LBRDK) | 0.3% | 0.3% | −0.1 pts | −2,391 sh | −6% |
| Reduced | APPLE INC (AAPL) | 0.2% | 0.1% | 0.0 pts | −1,638 sh | −10% |
| Reduced | INTERCONTINENTAL EXCHANGE IN (ICE) | 2.4% | 2.5% | 0.0 pts | −1,985 sh | −1% |
| Increased | ARISTA NETWORKS INC (ANET) | 0.7% | 0.7% | 0.0 pts | +1,599 sh | +2% |
| Increased | FORTUNE BRANDS HOME & SEC IN (FBIN) | 3.3% | 2.4% | −0.9 pts | +2,902 sh | +1% |
| New | COSTCO WHSL CORP NEW (COST) | — | 0.0% | 0.0 pts | +350 sh | new |
| Increased | BK OF AMERICA CORP (BAC) | 2.1% | 2.1% | 0.0 pts | +4,804 sh | +1% |
| Increased | FIRST REP BK SAN FRANCISCO C (FRCB) | 0.3% | 0.3% | 0.0 pts | +1,029 sh | +4% |
| Increased | KEYSIGHT TECHNOLOGIES INC (KEYS) | 4.8% | 3.9% | −0.9 pts | +1,011 sh | 0% |
| Increased | ISHARES TR (ITB) | 0.0% | 0.0% | 0.0 pts | +2,500 sh | +60% |
| Increased | MASTERCARD INCORPORATED (MA) | 0.3% | 0.3% | 0.0 pts | +408 sh | +3% |
| Increased | ALPHABET INC (GOOGL) | 1.4% | 1.5% | 0.0 pts | +47 sh | +1% |
| Reduced | SPDR S&P 500 ETF TR (SPY) | 0.1% | 0.1% | 0.0 pts | −260 sh | −5% |
| Increased | SLEEP NUMBER CORP (SNBR) | 1.5% | 1.0% | −0.4 pts | +2,050 sh | +1% |
| Increased | II-VI INC (IIVI) | 0.3% | 0.3% | 0.0 pts | +1,357 sh | +2% |
| Increased | CREDIT ACCEP CORP MICH (CACC) | 0.5% | 0.5% | −0.1 pts | +155 sh | +1% |
| Increased | AUTOHOME INC (ATHM) | 0.5% | 0.6% | +0.1 pts | +2,729 sh | +1% |
| Reduced | EDWARDS LIFESCIENCES CORP (EW) | 2.8% | 2.7% | −0.1 pts | −671 sh | 0% |
| Increased | DISNEY WALT CO (DIS) | 1.7% | 1.6% | −0.1 pts | +397 sh | 0% |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 58.5% of the equity book
Changes in the top 10 this quarter: HEIA entered · FIVE entered · V entered · NVR left · KEYS left · META left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL (BRK-B) | 8.8% | 8.7% | |
| 2 | ALPHABET INC (GOOG) | 6.2% | 6.6% | |
| 3 | MARKEL CORP (MKL) | 5.0% | 6.5% | |
| 4 | CARMAX INC (KMX) | 7.7% | 6.3% | |
| 5 | AMETEK INC (AME) | 6.2% | 6.1% | |
| 6 | SCHWAB CHARLES CORP (SCHW) | 5.1% | 5.5% | |
| 7 | HEICO CORP NEW (HEIA) | 4.2% | 5.5% | Entered the top 10 |
| 8 | PROGRESSIVE CORP (PGR) | 4.5% | 4.6% | |
| 9 | FIVE BELOW INC (FIVE) | 3.8% | 4.4% | Entered the top 10 |
| 10 | VISA INC (V) | 3.9% | 4.3% | Entered the top 10 |
| — | NVR INC (NVR) | 4.9% | 4.0% | Left the top 10 |
| — | KEYSIGHT TECHNOLOGIES INC (KEYS) | 4.8% | 3.9% | Left the top 10 |
| — | META PLATFORMS INC (META) | 4.5% | 3.2% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).