What Francois Rochon bought and sold in Q2 2025

In Q2 2025, Francois Rochon (Giverny Capital) opened 3 new positions — including ANET (1.7%), TWFG (0.2%), AMZN (<0.1%), added to 3, trimmed 2, exited 2 (ANETEUR, PMMF). The book stood at $2.92B across 55 positions, filed Aug 13, 2025.

Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.