What François Rochon did in Q3 2025

Giverny Capital filed 12 moves in Q3 2025: 0 new, 4 add, 4 trim, 4 exit.

13F filed 2025-11-14. Manager quality score: q9. Philosophy: Buffett-Munger quality compounder investing. Patience. Temperament.

Adds · 4

Adding to conviction

ADD +4%·10.6% book·+13

“Mastercard add.”

ADD +10%·8.4% book·−22

“Adding Alphabet.”

TSMTAIWAN SEMICONDUCTOR MFG LTD

ADD +3871%·3.9% book·+7

TWFGTWFG INC

ADD +69%·0.3% book·+4

Trims · 4

ANETARISTA NETWORKS INC

TRIM -15%·1.8% book·−10

COFCAPITAL ONE FC

TRIM -11%·0.1% book·−13

CACCCREDIT ACCEP CORP MICH

TRIM -77%·0.1% book·−13

MSFTMICROSOFT CORP

TRIM -26%·0.0% book·+2

Exits · 4

SBUXSTARBUCKS CORP

EXIT·0.0% book·−14

BACBANK AMERICA CORP

EXIT·0.0% book·+3

AMZNAMAZON COM INC

EXIT·0.0% book·−13

IONQINTUITIVE SURGICAL INC

EXIT·0.0% book·+2

Current top holdings

#	Ticker	Weight	Conviction
1	MA Mastercard	11.2%	+13
2	V Visa	9.8%	+8
3	GOOGL Alphabet Class A	8.4%	−22
4	CSU.TO Constellation Software	8.1%	0
5	META Meta Platforms	6.2%	−4
6	MCO Moody's	5.5%	+9

Other quarters for François Rochon

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.