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Giverny Capital Advisors

Updated today

Client assets under management

$326,288,421

Clients

179

54% high-net worth

Advisors

2

of 2 employees

Firm type

Supported

1-3 advisors or $200M+ in AUM

Clients per advisor

90

High

Average account size

$1,822,840

About

Giverny Capital Advisors provides discretionary investment management on a fee-only basis to individuals, trusts and other institutional entities, managing relatively concentrated equity portfolios (typically 20–30 stocks) rather than broad, fully diversified asset mixes. The firm’s services are limited to portfolio management and do not include financial planning or insurance and estate-planning services.

The firm follows a value-investing process grounded in fundamental research and implements a long-term “Master Portfolio” model that is customized across individual client accounts, with periodic rebalancing and quarterly reviews. Clients receive regular performance reporting, including performance-history reports that are presented relative to the S&P 500 benchmark.

Giverny Capital Advisors is notable among peers for operating at scale with a small advisory team while disclosing affiliations with other SEC-registered Giverny entities and using a model portfolio developed by an affiliated Montreal-based adviser; the ADV describes policies and controls intended to address trading and information-sharing conflicts across those related firms. The brochure also emphasizes the firm’s provision of performance and predecessor-performance information and the accompanying disclosure and allocation procedures that govern simultaneous or overlapping trading with affiliated advisers.

Client services

Portfolio management

Expertise

Active portfolio management Concentrated stock management

Fee options

Percentage

1.00% annually (0.25% per quarter)

Other

Fee-only: Fee-only investment management services; no commissions accepted

Main office location

Giverny Capital Advisors

182 Nassau Street, Suite 201

Princeton NJ 08542, United States

Number of offices

1

Most active in

California · Connecticut · Florida · Massachusetts · New Jersey · New York · Texas

Disclosures

Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.

Business activities & affiliations

Quick links

Advisors at this firm

user avatar

Patrick L

CFA®, Series 65

Princeton, NJ

Giverny Capital Advisors

Patrick Leger is a CFA® charterholder with 20 years of industry experience. He has been with Giverny Capital Advisors since 2009. Outside of his advisory role, he serves on the Finance Committee of The Waldorf School of Princeton and is part owner and CFO of a family food business, First Field LLC. Giverny Capital Advisors provides discretionary investment management to individuals, trusts, and select institutional clients, focusing on concentrated equity portfolios typically containing 20–30 positions. The firm employs a value-investing approach based on fundamental research and manages long-term, low-turnover portfolios with generally limited fixed-income exposure.

Active portfolio management Concentrated stock management
user avatar

Francois R

Series 65

Princeton, NJ

Giverny Capital Advisors

Francois Rochon is a financial advisor at Giverny Capital Advisors with 11 years of industry experience. He holds a Series 65 designation and has been involved with Giverny Capital Inc since 1999. Rochon is also a majority owner of Giverny Capital, Inc., which holds a 50% interest in Giverny Capital Advisors LLC, where he serves as a part-owner with limited administrative responsibilities. Giverny Capital Advisors provides discretionary investment management to individuals, trusts, and select institutional clients, focusing on concentrated equity portfolios of 20–30 positions. The firm employs a value-investing approach based on fundamental research and manages client accounts with a long-term, low-turnover strategy tailored to individual client constraints.

Active portfolio management Concentrated stock management
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