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Investor profile

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.

"Buffett-Munger quality compounder investing. Patience. Temperament."

Data verified 2026-05-15 · sourced from SEC EDGAR

Informational only — not investment advice. HoldLens tracks institutional positioning from public 13F filings. We are not a registered investment advisor and do not provide recommendations to buy or sell securities. Our 2026 backtest over 221 ticker-quarter pairs found the ConvictionScore has no predictive signal for forward returns (Pearson r = −0.12). The rankings describe what tracked superinvestors were accumulating or selling at the latest 13F snapshot — useful as market intelligence, not as personal investment advice. 13F data is reported with a 45-day SEC filing lag.

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Latest 13F: Q1 2026(7d ago)Next due: Q2 2026by 2026-08-14● RSS — move alerts

Tracked positions

Top concentration

54%

Longest holding

Mastercard (since 2007)

François's portfolio concentration: top-1, top-5, top-10

Diversified

Top 1 · BRK.B

6.9%

Top 5 combined

30.8%

Top 10 combined

53.6%

Tracked positions

BRK.BTop-5 zoneTop-10

François's single largest bet is BRK.B at 6.9% of tracked positions. Exposure is spread across a broader basket, reducing single-name risk.

Realized 10-year track record

Giverny Capital annual letters

See leaderboard →

10y CAGR

13.2%

net of fees

Alpha vs S&P

+0.1%

vs 13.1% benchmark

Win rate

30%

years beating S&P

Quality score

4.5

computed 0–10

Best year

+31%

Worst year

-20%

Cumulative 10y

3.4×

Volatility

14%

François Rochon's recent 13F moves: buys, adds, trims, and exits

Manager quality score: 4.5/10

Every tracked 13F move — buys, adds, trims, and exits — over the last two quarters.

Q1 2026

4 buys · 8 sells

Ticker	Activity	Share change	% portfolio
ADP	Buy (new)	+419K	3.10%
AAON	Buy (new)	+202K	0.60%
TWFG	Add 67%	+221K	0.40%
MSFT	Add 12%	+206	0.00%
COF	Sell (exit)	-8K	0.00%
IONQ	Sell (exit)	-405	0.00%
TSM	Reduce 49%	-8K	0.10%
AME	Reduce 38%	-367K	4.80%
BRK.B	Reduce 25%	-127K	6.90%
IBP	Reduce 22%	-116K	3.90%
AAPL	Reduce 9%	-1K	0.10%
IVV	Reduce 7%	-844	0.00%

Q4 2025

6 buys · 5 sells

Ticker	Activity	Share change	% portfolio
DHR	Add 109%	+284K	2.10%
IONQ	Buy (new)	+405	0.00%
META	Add 12% Quality compounder add.	+22K	6.20%
TWFG	Add 10%	+31K	0.30%
MA	Add 6% Adding to 17-year Mastercard position.	+12K	11.20%
V	Add 5% Small Visa add.	+15K	9.80%
FE	Sell (exit)	-651K	0.00%
CARG	Sell (exit)	-1.67M	0.00%
ALGN	Sell (exit)	-46K	0.00%
CACC	Sell (exit)	-7K	0.00%
TSM	Reduce 96%	-443K	0.20%

Q3 2025

4 buys · 8 sells

Ticker	Activity	Share change	% portfolio
TSM	Add 3871%	+447K	3.90%
TWFG	Add 69%	+122K	0.30%
GOOGL	Add 10% Adding Alphabet.	+38K	8.40%
MA	Add 4% Mastercard add.	+8K	10.60%
SBUX	Sell (exit)	-750K	0.00%
BAC	Sell (exit)	-1.00M	0.00%
AMZN	Sell (exit)	-1K	0.00%
IONQ	Sell (exit)	-405	0.00%
CACC	Reduce 77%	-24K	0.10%
MSFT	Reduce 26%	-600	0.00%
ANET	Reduce 15%	-70K	1.80%
COF	Reduce 11%	-999	0.10%

Q2 2025

8 buys · 3 sells

Ticker	Activity	Share change	% portfolio
TWFG	Buy (new)	+178K	0.20%
AMZN	Buy (new)	+1K	0.00%
AAPL	Add 81%	+8K	0.10%
SCHW	Add 65%	+618K	4.90%
GOOGL	Add 48%	+124K	2.30%
MSFT	Add 16%	+316	0.00%
JPM	Add 15%	+6K	0.50%
BLDR	Add 6%	+5K	0.30%
MTB	Reduce 98%	-360K	0.10%
COF	Reduce 24%	-3K	0.10%
GOOG	Reduce 13%	-101K	4.00%

François's sector breakdown

How the top 10 positions are diversified across 4 sectors. Weighted by stated portfolio percentage.

Other

4 positions · FIVE, AME, MEDP, IBP

34.3%

18.4% of AUM

Financials

3 positions · BRK.B, SCHW, V

31.0%

16.6% of AUM

Technology

2 positions · GOOG, META

24.1%

12.9% of AUM

Industrials

1 position · HEI

10.6%

5.7% of AUM

Position intelligence · 13F-derived

How Rochon is sized + moving

Every position classified by both portfolio weight (size bucket) and recent move activity (trend bucket). A 22% Apple position building +5% this quarter signals different intent than a 1% starter trimmed in half. Descriptive analysis of 13F filings — not recommendation.

Core

≥10% positions

Significant

3–10%

Starter

1–3%

Small

<1%

Building

Steady

Trimming

New

Exit pending

Position	% portfolio	Size	Trend
BRK.B BERKSHIRE HATHAWAY INC DEL	6.9%	significant	↓ trimming
GOOG ALPHABET INC C	6.5%	significant	→ steady
META META PLATFORMS INC	6.4%	significant	↑ building
HEI HEICO CORP NEW	5.7%	significant	→ steady
SCHW SCHWAB CHARLES CORP	5.3%	significant	↑ building
FIVE FIVE BELOW INC	5.2%	significant	↓ trimming
AME AMETEK INC	4.8%	significant	↓ trimming
MEDP MEDPACE HOLDINGS INC	4.5%	significant	↑ building
V VISA INC	4.4%	significant	→ steady
IBP INSTALLED BLDG PRODS INC	3.9%	significant	↓ trimming
PGR PROGRESSIVE CORP	3.8%	significant	→ steady
GOOGL ALPHABET INC	3.7%	significant	↑ building
KEY KEYSIGHT TECHNOLOGIES INC	3.3%	significant	↓ trimming
NVR NVR INC	3.3%	significant	→ steady
BKNG BOOKING HOLDINGS INC.	3.3%	significant	→ steady
Showing top 15 of 35 positions.

How to read: Size bucket from current 13F-filed portfolio weight. Trend bucket from the last 2 quarters of move activity (net delta >5% in either direction = building/trimming; new = first-appearance this quarter; exit pending = trimmed >50% last quarter). Data lag: SEC 13F filings are reported 45 days after quarter-end. This is descriptive intelligence — not investment advice.

Score explainability · 9-factor breakdown

What drives the ConvictionScore on Rochon's top positions

The HoldLens ConvictionScore combines 9 factors. This table shows the per-position breakdown — exactly which factors contribute and by how much for each of Rochon's top 8 holdings. Hover any header for factor definition. Empty cells (·) = neutral (no contribution).

Ticker	% port	Smart $	Insider	Track	Streak	Conc	Contra	Event	Dissent	Crowd
BRK.B	6.9	+2	·	-2	+1	+4	·	·	+10	·
GOOG	6.5	+14	·	-6	+5	+6	+6	·	+25	·
META	6.4	+30	-2	-3	+10	+7	·	·	+33	+6
HEI	5.7	+4	·	+5	+1	+4	+9	·	+6	·
SCHW	5.3	+8	+3	-1	+10	+10	·	·	+5	·
FIVE	5.2	+2	·	-6	·	·	·	·	+1	·
AME	4.8	+1	·	-6	·	·	·	·	+2	·
MEDP	4.5	+3	·	-1	·	+1	·	·	+19	·

Factor definitions →

Smart $: Manager quality × consensus (0–30)
Insider: Form 4 net buy/sell (-15..+20)
Track: Buyer 10y CAGR × concentration (-10..+20)
Streak: Multi-quarter compounding (0–10)
Conc: Biggest position size as conviction (0–10)
Contra: Under-the-radar bonus (0–10)
Event: 8-K events last 90d (-15..+5)
Dissent: Sells subtract, weighted ×1.6 (0–60)
Crowd: Too many owners = priced in (0–10)

Factors are summed (positive add, penalties subtract), then clamped to the -100/+100 range. Each factor has a maximum contribution shown in parentheses next to its name. Read positive cells as bullish contributions, negative as bearish. See /learn/conviction-score-explained for the full methodology. ConvictionScore is descriptive synthesis of public filings — not investment advice.

Cross-portfolio overlap

Who else holds what Rochon holds

Top 6 highest-conviction overlap pairs containing François Rochon. Each page is the full intersection of two 13F-filed portfolios.

See all 435 overlap pairs →

François Rochon's top 10 disclosed holdings (Q1 2026)

Ticker	Company	% Portfolio	Shares (M)
BRK.B	BERKSHIRE HATHAWAY INC DEL	6.9%	0.38
GOOG	ALPHABET INC C	6.5%	0.62
META	META PLATFORMS INC Cash flow compounder.	6.4%	0.31
HEI	HEICO CORP NEW	5.7%	0.74
SCHW	SCHWAB CHARLES CORP	5.3%	1.54
FIVE	FIVE BELOW INC	5.2%	0.62
AME	AMETEK INC	4.8%	0.61
MEDP	MEDPACE HOLDINGS INC	4.5%	0.26
V	VISA INC Payment network compounder.	4.4%	0.4
IBP	INSTALLED BLDG PRODS INC	3.9%	0.4

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Dividend tax by country

Estimate your withholding on cross-border dividends

Your country of residenceCompany is domiciled inGross dividend (example)

Withholding rate

Domestic (no cross-border)

Tax withheld

$0.00

You'd receive

$1000.00

Of $1000 gross

Source & treaty reference

Treaty: Domestic — no cross-border withholding

Citation: IRC §§ 1441–1446 (withholding applies to foreign persons; US residents not subject to WHT on US-source dividends)

U.S. residents receiving U.S.-source dividends: no cross-border withholding; taxed on return at qualified (0/15/20%) or ordinary rates.

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.

Full dividend-tax rules for United States investors →

Want François move-alerts?

One email per 13F filing. Summarizes every new position, exit, and trim.

Investors with portfolios similar to François Rochon

Tracked managers whose top positions overlap with François's portfolio.

Chris Hohn

TCI Fund Management

4 shared positions: META, GOOGL, V, MCO

Chuck Akre

Akre Capital Management

4 shared positions: MA, V, MCO, META

Polen Capital

Polen Capital Management

4 shared positions: GOOGL, V, MA, META

See all 29 investors ranked by portfolio similarity →

ETF replication

Which ETF replicates François's portfolio?

Closest match: XLF · overlap score 140.0 across 2 shared top-10 names. Full ranked list of 5 ETFs →

Investing style

François is a value investor

See 8 other value managers tracked. Patient capital. Concentrated portfolios. Long average holding period.

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Per-quarter digests

What François Rochon did, quarter by quarter

Full move-by-move breakdown for each of the last 8 filed quarters.

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024

Frequently asked questions

Who is François Rochon?

François Rochon runs Giverny Capital as founder & president. 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.

What fund does François Rochon run?

François Rochon is founder & president of Giverny Capital. Giverny Capital files SEC Form 13F-HR quarterly with the latest disclosure dated 2026-05-15 (Q1 2026). Full holdings, share counts, dollar values, and quarter-over-quarter changes are listed below.

What does François Rochon invest in?

François Rochon's Giverny Capital portfolio is disclosed quarterly via SEC Form 13F-HR. Each position below shows the ticker, share count, dollar value, percentage of portfolio, and quarter-over-quarter change. Data is sourced directly from SEC filings (public-domain regulatory disclosure).

What is François Rochon's investment philosophy?

François Rochon's stated investment philosophy: "Buffett-Munger quality compounder investing. Patience. Temperament.". François Rochon has been founder & president of Giverny Capital; estimated net worth ~$200M.

What is François Rochon's net worth?

François Rochon's estimated net worth is ~$200M. François Rochon runs Giverny Capital as founder & president; full 13F holdings disclosed quarterly with the SEC are listed below.

Data sourced from Giverny Capital 13F filings with the SEC. Approximate snapshot. Not investment advice.

Sister property: SecFilingDex — the encyclopedic reference for Form 13F (HR / NT / HR/A variants) and the regulatory citation behind every position shown above.