What did Francois Rochon buy in Q3 2025?

Francois Rochon opened 1 new position (RMD) and added to 2 existing holdings in the Q3 2025 13F.

What did Francois Rochon sell in Q3 2025?

Francois Rochon exited 4 positions (SBUX, BAC, AMZN, ISRG) and trimmed 2.

What Francois Rochon bought and sold in Q3 2025

In Q3 2025, Francois Rochon (Giverny Capital) opened 1 new position — including RMD (2.0%), added to 2, trimmed 2, exited 4 (SBUX, BAC, AMZN). The book stood at $3.26B across 52 positions, filed Nov 17, 2025.

1New2Added2Trimmed4Exited

Share𝕏 in

New positions (1)

RMDResmed Inc2.0% · $64M

Added to (2)

TSMTaiwan Semiconductor-sp Adr+3871% shares · 3.9% · $128M
TWFGTwfg Inc+69% shares · 0.3% · $8M

Trimmed (2)

CACCCredit Acceptance Corp-77% shares · 0.1% · $3M
MSFTMicrosoft Corp-26% shares · <0.1% · $882K

Exited (4)

SBUXStarbucks Corpwas 2.4% of book
BACBank OF America Corpwas 1.6% of book
AMZNAmazon.com Incwas <0.1% of book
ISRGIntuitive Surgical Incwas <0.1% of book

Francois Rochon's other filings

Q1 2026 changes Q4 2025 changes Q2 2025 changes Q1 2025 changes Q4 2024 changes

Francois Rochon's full portfolio →The whole cohort in Q3 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.