Giverny Capital Inc.
Giverny Capital Inc. is an asset management firm headquartered in Montreal, Quebec, Canada. Founded by François Rochon in 1998, the firm specializes in private wealth management, financial planning, and investment advisory services for individuals, families, institutions, and foundations. Giverny Capital is known for its disciplined, long-term fundamental investment approach, with a commitment to integrity, performance, and rigor. The firm manages client portfolios modeled on its founder's personal holdings, emphasizing transparency and an alignment of interests. Typical employees range from investment professionals to administrative staff, serving a global client base with a strong presence in Canada and also servicing U.S.-based investors.
Investment Strategy
Giverny Capital employs a long-term, fundamentally driven investment philosophy. The firm constructs relatively concentrated portfolios, typically holding 20 to 30 equity securities selected through rigorous qualitative and quantitative research. Its approach is to acquire high-quality companies with durable competitive advantages, with an investment horizon spanning multiple years. Client portfolios are modeled on the founder’s own investments, ensuring that clients and the firm’s leadership are fully aligned. The strategy maintains a strong focus on underlying business fundamentals, ignores short-term market volatility, and seeks to produce superior long-term results through patience, discipline, and a rational approach to equity selection.
Top Holdings
Equity Positions (55)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BRK-B | BERKSHIRE HATHAWAY INC DEL | 8.53% | $248.6M | 511,784 | $205.50 | $485.77 | -$19.5M |
M META | META PLATFORMS INC | 8.07% | $235.4M | 318,902 | $250.39 | $738.09 | +$53.7M |
H HEI-A | HEICO CORP NEW | 6.65% | $193.9M | 749,492 | $75.40 | $258.75 | +$37.4M |
A AME | AMETEK INC | 6.18% | $180.3M | 996,344 | $86.15 | $180.96 | +$12.0M |
S SCHW | SCHWAB CHARLES CORP | 4.90% | $143.0M | 1,567,495 | $68.46 | $91.24 | +$68.7M |