Giverny Capital Inc. Holdings - 4Q25

As of December 31, 2025, Giverny Capital Inc. reported 50 positions comprising 50 stocks worth $3.0B. The top 5 holdings represented 35.1% of the portfolio. During the quarter, the fund entered 2 new positions and exited 4. Explore portfolio value and concentration trends, quarterly position counts, and a detailed breakdown of each holding below.