What François Rochon did in Q4 2025

Giverny Capital filed 3 moves in Q4 2025: 0 new, 3 add, 0 trim, 0 exit.

13F filed 2026-02-14. Manager quality score: q9. Philosophy: Buffett-Munger quality compounder investing. Patience. Temperament.

Adds · 3

Adding to conviction

ADD +6%·11.2% book·+17

“Adding to 17-year Mastercard position.”

ADD +5%·9.8% book·+8

“Small Visa add.”

#	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.