Francois Rochon - Giverny Capital
As of Q2 2026, Francois Rochon reported 51 long-equity positions worth $2.97B in aggregate.
Copy-investor backtest
- Latest quarter
- +9.88%
- 1-year
- +9.16%
- 3-year
- +44.28%
- 5-year
- +41.33%
- 3-year vs S&P 500
- -27.95%
- 5-year vs S&P 500
- -32.75%
- 5-year top 5
- +18.48%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
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All activity
This tab shows every position the manager opened, added to, reduced, or exited compared with the prior quarter, so you can see exactly what changed. The quarter shown is Q2 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| BRK-B | BERKSHIRE HATHAWAY INC DEL | Reduce -34.4% | 4.18% | 248,447 | $124.32M | $500.39 | $464.01 - $500.56(100%)$478.50 -> $499.99 |
| KEYS | KEYSIGHT TECHNOLOGIES INC | Reduce -55.7% | 1.68% | 143,072 | $50.09M | $350.07 | $280.60 - $374.96(74%)$289.84 -> $350.07 |
| ADP | AUTOMATIC DATA PROC INC | Add +56.2% | 4.93% | 654,556 | $146.59M | $223.95 | $188.16 - $237.11(73%)$201.28 -> $224.07 |
| NYT | NEW YORK TIMES CO-A- | New | 1.14% | 484,424 | $33.9M | $69.98 | $68.53 - $87.10(8%)$85.39 -> $69.98 |
| ADI | ANALOG DEVICES INC | Reduce -45.5% | 1.25% | 93,310 | $37.06M | $397.17 | $309.79 - $444.75(65%)$320.58 -> $397.87 |
| RMD | RESMED INC | Add +68.5% | 2.54% | 387,665 | $75.55M | $194.88 | $180.26 - $234.91(27%)$222.85 -> $194.88 |
| MSA | MSA SAFETY INC | New | 0.98% | 166,305 | $29.03M | $174.58 | $155.79 - $178.76(82%)$166.35 -> $174.58 |
| WSO | WATSCO INC | New | 0.92% | 65,975 | $27.49M | $416.73 | $355.16 - $459.00(59%)$375.92 -> $416.73 |
| VEEV | VEEVA SYSTEMS INC CL-A | New | 0.57% | 94,956 | $16.85M | $177.47 | $148.05 - $191.97(67%)$172.74 -> $177.47 |
| AXP | AMERICAN EXPRESS CO | New | 0.53% | 46,702 | $15.75M | $337.33 | $292.58 - $352.46(75%)$301.45 -> $338.31 |
| HWKN | HAWKINS INC | New | 0.45% | 94,954 | $13.49M | $142.10 | $132.93 - $174.12(22%)$156.22 -> $142.10 |
| QQQ | INVESCO QQQ TR | New | 0.01% | 391 | $287.93K | $736.40 | $571.92 - $748.63(93%)$584.31 -> $736.40 |
| BIRK | BIRKENSTOCK HLDG PLC | Sold | — | 0 | $0 | — | - |
| QQQM | INVESCO EXCH TRADED FD TR II | Sold | — | 0 | $0 | — | - |
| RSP | INVESCO S&P500 EQ WGT ETF | Sold | — | 0 | $0 | — | - |
| MTB | M & T BK CORP | Sold | — | 0 | $0 | — | - |
| NVO | NOVO-NORDISK A S | Sold | — | 0 | $0 | — | - |
| ODFL | OLD DOMINION FREIGHT LINE IN | Sold | — | 0 | $0 | — | - |
| SITE | SITEONE LANDSCAPE SUPPLY INC | Sold | — | 0 | $0 | — | - |
| BFAM | BRIGHT HORIZONSFAMILY SOLUTION | Add +45.6% | 2.58% | 1,080,793 | $76.61M | $70.88 | $57.65 - $86.69(46%)$81.23 -> $70.94 |
| MKL | MARKEL CORP | Reduce -28.1% | 2.03% | 30,877 | $60.3M | $1953.01 | $1719.41 - $2011.54(80%)$1902.58 -> $1953.01 |
| ANET | ARISTA NETWORKS INC | Reduce -19.7% | 1.94% | 339,892 | $57.74M | $169.88 | $119.79 - $179.80(83%)$124.85 -> $170.72 |
| GOOGL | ALPHABET INC | Reduce -11.0% | 3.73% | 310,118 | $110.83M | $357.37 | $289.45 - $408.61(57%)$297.39 -> $357.37 |
| SCHW | SCHWAB CHARLES CORP | Add +9.5% | 5.22% | 1,681,567 | $155.16M | $92.27 | $83.96 - $100.76(49%)$92.36 -> $92.27 |
| KNSL | KINSALE CAPITAL GROUP IN | Add +9.9% | 2.67% | 240,731 | $79.4M | $329.81 | $287.20 - $365.64(54%)$345.80 -> $329.81 |
| GOOG | ALPHABET INC C | Reduce -2.5% | 7.19% | 605,460 | $213.93M | $353.33 | $287.57 - $404.47(56%)$294.90 -> $353.33 |
| FIVE | FIVE BELOW INC | Reduce -3.1% | 3.62% | 598,122 | $107.54M | $179.79 | $175.56 - $251.63(6%)$234.92 -> $179.79 |
| AME | AMETEK INC | Reduce -2.2% | 4.87% | 598,781 | $144.87M | $241.94 | $212.47 - $244.71(91%)$218.63 -> $242.25 |
| PGR | PROGRESSIVE CORP | Add +2.6% | 3.98% | 542,292 | $118.46M | $218.45 | $189.20 - $224.51(83%)$193.36 -> $218.45 |
| LFUS | LITTELFUSE INC | Reduce -8.2% | 1.13% | 74,125 | $33.75M | $455.33 | $330.47 - $500.57(73%)$345.52 -> $455.33 |
| NVR | NVR INC | Reduce -3.0% | 3.03% | 13,238 | $90.2M | $6813.40 | $5501.01 - $7294.50(73%)$6664.19 -> $6813.40 |
| META | META PLATFORMS INC | Reduce -1.6% | 5.74% | 302,888 | $170.61M | $563.29 | $540.21 - $691.52(15%)$579.23 -> $563.29 |
| TWFG | TWFG INC | Add +18.2% | 0.53% | 652,452 | $15.69M | $24.05 | $17.45 - $24.29(96%)$17.92 -> $24.05 |
| V | VISA INC | Reduce -1.6% | 4.50% | 389,900 | $133.77M | $343.09 | $293.89 - $345.80(95%)$298.51 -> $343.09 |
| SUNB | SUNBELT RENTALS HOLDINGS | Reduce -9.0% | 0.73% | 246,369 | $21.59M | $87.65 | $61.03 - $85.94(100%)$64.45 -> $74.81 |
| TSM | TAIWAN SEMICONDUCTOR MFG LTD | Reduce -55.0% | 0.06% | 3,655 | $1.75M | $477.57 | $326.80 - $479.00(99%)$341.49 -> $477.57 |
| DIS | DISNEY WALT CO | Reduce -3.9% | 1.67% | 515,567 | $49.62M | $96.25 | $95.09 - $110.48(8%)$96.56 -> $96.22 |
| OZK | BANK OZK LITTLE ROCK ARK | Reduce -2.7% | 2.10% | 1,198,116 | $62.41M | $52.09 | $45.52 - $52.86(90%)$46.17 -> $52.09 |
| LULU | LULULEMON ATHLETICA INC | Reduce -9.7% | 0.49% | 128,803 | $14.71M | $114.18 | $104.44 - $170.20(15%)$158.81 -> $114.18 |
| BRK-A | BERKSHIRE HATHAWAY INC DEL | Reduce -18.2% | 0.23% | 9 | $6.74M | $748850.00 | $698000.00 - $749970.00(98%)$716258.00 -> $748099.75 |
| JPM | JPMORGAN CHASE & CO | Reduce -8.5% | 0.53% | 47,876 | $15.67M | $327.33 | $288.72 - $343.45(71%)$295.38 -> $327.33 |
| IBP | INSTALLED BLDG PRODS INC | Reduce -1.5% | 3.07% | 397,662 | $91.4M | $229.84 | $193.11 - $322.96(28%)$273.19 -> $229.84 |
| MEDP | MEDPACE HOLDINGS INC | Reduce -0.8% | 4.52% | 253,931 | $134.48M | $529.59 | $373.00 - $540.00(94%)$489.48 -> $529.59 |
| BKNG | BOOKING HOLDINGS INC. | Reduce -1.0%25:1 split | 3.13% | 522,664 | $93.16M | $178.24 | $150.14 - $193.92(64%)$167.38 -> $178.24 |
| HEI-A | HEICO CORP NEW | Reduce -0.4% | 6.38% | 735,248 | $189.63M | $257.91 | $199.35 - $260.28(96%)$212.38 -> $257.91 |
| AAPL | APPLE INC | Reduce -13.6% | 0.13% | 12,995 | $3.76M | $289.36 | $245.70 - $316.94(61%)$255.63 -> $289.05 |
| CPRT | COPART INC | Reduce -69.9% | 0.01% | 8,274 | $233.24K | $28.19 | $27.84 - $35.66(4%)$33.02 -> $28.19 |
| MA | MASTERCARD INCORPORATED | Add +2.7% | 0.50% | 28,816 | $14.8M | $513.60 | $464.52 - $534.21(70%)$491.65 -> $513.60 |
| AAON | AAON INC | Add +1.5% | 0.87% | 204,779 | $25.98M | $126.86 | $78.74 - $150.18(67%)$83.65 -> $126.58 |
| FERG | FERGUSON ENTERPRISES INC | Add +1.8% | 0.30% | 37,380 | $8.87M | $237.33 | $214.44 - $268.95(42%)$239.06 -> $237.40 |
| SPY | SPDR S&P 500 ETF | Reduce -7.3% | 0.06% | 2,294 | $1.71M | $746.77 | $645.11 - $760.38(88%)$655.24 -> $746.77 |
| BRO | BROWN & BROWN | Reduce -0.3% | 1.62% | 753,288 | $48.32M | $64.15 | $53.81 - $69.25(67%)$64.40 -> $64.14 |
| FND | FLOOR & DECOR HLDGS INC | Reduce -0.8% | 0.46% | 229,867 | $13.64M | $59.36 | $42.64 - $59.67(98%)$49.22 -> $59.36 |
| ITB | ISHARES TR | Add +7.4% | 0.04% | 11,662 | $1.22M | $104.48 | $84.98 - $106.35(91%)$91.02 -> $104.76 |
| MSFT | MICROSOFT CORP | Reduce -6.4% | 0.02% | 1,787 | $666.59K | $373.02 | $349.20 - $466.32(20%)$369.37 -> $373.02 |
| BLDR | BUILDERS FIRSTSOURCE INC | Reduce -0.4% | 0.28% | 91,464 | $8.18M | $89.48 | $65.10 - $94.97(82%)$80.97 -> $89.45 |