What Francois Rochon bought and sold in Q4 2025
In Q4 2025, Francois Rochon (Giverny Capital) opened 2 new positions — including BFAM (1.4%), ISRG (<0.1%), added to 2, trimmed 1, exited 4 (FISV, KMX, ALGN). The book stood at $3.00B across 50 positions, filed Feb 13, 2026.
2New2Added1Trimmed4Exited
New positions (2)
- BFAMBright Horizons Family Solut1.4% · $42M
- ISRGIntuitive Surgical Inc<0.1% · $229K
Added to (2)
Trimmed (1)
Exited (4)
- FISVFiserv Incwas 2.6% of book
- KMXCarmax Incwas 2.3% of book
- ALGNAlign Technology Incwas 0.2% of book
- CACCCredit Acceptance Corpwas 0.1% of book
Francois Rochon's other filings
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.