François Rochon
Giverny Capital · Founder & President · Net worth: ~$200M
Founded Giverny Capital in 1998 from Montreal. His annual letters are widely read in value-investing circles for their discipline and candor. Compounded at ~14% net over 25+ years.
Concentration profile
Diversified
BRK.BTop-5 zoneTop-10François's single largest bet is BRK.B at 8.8% of tracked positions. Exposure is spread across a broader basket, reducing single-name risk.
Recent moves
Every tracked 13F move — buys, adds, trims, and exits — over the last two quarters.
| Ticker | Activity | % portfolio |
|---|---|---|
| DHR | Add 109% | 2.10% |
| IONQ | Buy (new) | 0.00% |
| META | Add 12% Quality compounder add. | 6.20% |
| TWFG | Add 10% | 0.30% |
| MA | Add 6% Adding to 17-year Mastercard position. | 11.20% |
| V | Add 5% Small Visa add. | 9.80% |
| FE | Sell (exit) | 0.00% |
| CARG | Sell (exit) | 0.00% |
| ALGN | Sell (exit) | 0.00% |
| CACC | Sell (exit) | 0.00% |
| TSM | Reduce 96% | 0.20% |
| Ticker | Activity | % portfolio |
|---|---|---|
| TSM | Add 3871% | 3.90% |
| TWFG | Add 69% | 0.30% |
| GOOGL | Add 10% Adding Alphabet. | 8.40% |
| MA | Add 4% Mastercard add. | 10.60% |
| SBUX | Sell (exit) | 0.00% |
| BAC | Sell (exit) | 0.00% |
| AMZN | Sell (exit) | 0.00% |
| IONQ | Sell (exit) | 0.00% |
| CACC | Reduce 77% | 0.10% |
| MSFT | Reduce 26% | 0.00% |
| ANET | Reduce 15% | 1.80% |
| COF | Reduce 11% | 0.10% |
| Ticker | Activity | % portfolio |
|---|---|---|
| TWFG | Buy (new) | 0.20% |
| AMZN | Buy (new) | 0.00% |
| AAPL | Add 81% | 0.10% |
| SCHW | Add 65% | 4.90% |
| GOOGL | Add 48% | 2.30% |
| MSFT | Add 16% | 0.00% |
| JPM | Add 15% | 0.50% |
| BLDR | Add 6% | 0.30% |
| MTB | Reduce 98% | 0.10% |
| COF | Reduce 24% | 0.10% |
| GOOG | Reduce 13% | 4.00% |
| Ticker | Activity | % portfolio |
|---|---|---|
| BLDR | Buy (new) | 0.40% |
| ANET | Add 14% | 1.30% |
| MEDP | Add 8% | 2.80% |
| ICE | Sell (exit) | 0.00% |
| EW | Sell (exit) | 0.00% |
| J | Sell (exit) | 0.00% |
| UNH | Sell (exit) | 0.00% |
| SPG | Reduce 46% | 0.10% |
| AAPL | Reduce 45% | 0.10% |
| TSM | Reduce 21% | 0.10% |
| COF | Reduce 17% | 0.10% |
| MSFT | Reduce 16% | 0.00% |
| FIVE | Reduce 15% | 1.70% |
| GLD | Reduce 7% | 0.00% |
| Ticker | Activity | % portfolio |
|---|---|---|
| ANET | Add 285% | 1.70% |
| FERG | Buy (new) | 0.20% |
| IONQ | Buy (new) | 0.00% |
| J | Buy (new) | 0.00% |
| MSFT | Buy (new) | 0.00% |
| UNH | Buy (new) | 0.00% |
| AAPL | Add 72% | 0.20% |
| ALGN | Add 30% | 0.30% |
| FE | Add 26% | 4.70% |
| GOOG | Add 17% | 5.30% |
| EW | Reduce 100% | 0.00% |
| LSXMA | Sell (exit) | 0.00% |
| KEY | Reduce 31% | 1.90% |
| GOOGL | Reduce 26% | 1.80% |
| ADI | Reduce 17% | 1.30% |
| Ticker | Activity | % portfolio |
|---|---|---|
| COF | Buy (new) | 0.10% |
| ICE | Buy (new) | 0.10% |
| YUMC | Buy (new) | 0.10% |
| LSXMA | Buy (new) | 0.00% |
| TSM | Add 78% | 0.10% |
| MEDP | Add 21% | 2.90% |
| CACC | Add 17% | 0.50% |
| GOOGL | Add 12% | 2.20% |
| ODFL | Add 11% | 0.00% |
| MA | Add 10% | 0.50% |
| ALGN | Add 10% | 0.30% |
| ANET | Add 9% | 1.60% |
| LULU | Add 9% | 1.50% |
| SCHW | Add 8% | 2.30% |
| JPM | Add 8% | 0.30% |
| ABNB | Sell (exit) | 0.00% |
| IVV | Reduce 18% | 0.00% |
| FND | Reduce 17% | 1.10% |
François's sector breakdown
How the top 10 positions are diversified across 4 sectors. Weighted by stated portfolio percentage.
Top holdings
| Ticker | Company | % Portfolio |
|---|---|---|
| BRK.B | BERKSHIRE HATHAWAY INC DEL | 8.8% |
 META | META PLATFORMS INC Cash flow compounder. | 6.9% |
 GOOG | ALPHABET INC C | 6.7% |
 AME | AMETEK INC | 6.7% |
 HEI | HEICO CORP NEW | 6.4% |
 SCHW | SCHWAB CHARLES CORP | 5.3% |
 MEDP | MEDPACE HOLDINGS INC | 4.9% |
 V | VISA INC Payment network compounder. | 4.8% |
 IBP | INSTALLED BLDG PRODS INC | 4.5% |
 PGR | PROGRESSIVE CORP | 4.1% |
Estimate your withholding on cross-border dividends
Estimates for educational purposes only. Tax rules change; consult a qualified tax professional for your specific situation. Dividend-tax treatment depends on holding period, account type (taxable vs. retirement), investor type (individual vs. pension vs. mutual fund), limitation-on-benefits tests, and other factors not modeled here.
Want François move-alerts?
One email per 13F filing. Summarizes every new position, exit, and trim.
Similar investors
Tracked managers whose top positions overlap with François's portfolio.
What François Rochon did, quarter by quarter
Full move-by-move breakdown for each of the last 8 filed quarters.
Data sourced from Giverny Capital 13F filings with the SEC. Approximate snapshot. Not investment advice.