Giverny Capital

Giverny Capital Asset Management (GCAM) model portfolio

Global Large-cap

Mar 2026Mar 2026

Our archive holds 1 letter from this strategy, behind 1 investment thesis and positions in 14 companies. Every quote below is copied verbatim from the letter it came from.

1 letter in a year follow all of Giverny Capital for every strategy.

What it bought and sold

  • New positionAmerican ExpressMar 2026
    we used most of our Ametek proceeds to establish a new position in American Express in March, at a price of $294.
  • AddedHawkins, Inc.Mar 2026
    We added to positions in Kinsale, TWFG and Hawkins during the quarter.
  • We trimmed Installed Building Products during the quarter after CEO Jeff Edwards announced the sale of a portion of his holdings after a big run-up in the stock price.
  • We added to positions in Kinsale, TWFG and Hawkins during the quarter.
  • ExitedAmetekMar 2026
    We exited Ametek in February at $232, after trimming the position in the fourth quarter.
  • AddedTWFG, Inc.Mar 2026
    We added to positions in Kinsale, TWFG and Hawkins during the quarter.

Also held

Its investment theses

Every letter