What François Rochon did in Q3 2025

Giverny Capital filed 2 moves in Q3 2025: 0 new, 2 add, 0 trim, 0 exit.

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

Adds · 2

Adding to conviction

ADD +4%·10.6% book·+17

“Mastercard add.”

ADD +10%·8.4% book·−9

“Adding Alphabet.”

Current top holdings

#	Ticker	Weight	Conviction
1	MA Mastercard	11.2%	+17
2	V Visa	9.8%	+8
3	GOOGL Alphabet Class A	8.4%	−9
4	CSU.TO Constellation Software	8.1%	0
5	META Meta Platforms	6.2%	+5
6	MCO Moody's	5.5%	+15

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