Giverny Capital Asset Management Initiates Position in Amazon and Exits Builders FirstSource
Giverny Capital Asset Management updated its portfolio holdings for the third quarter of 2026, most notably establishing a new position in Amazon (AMZN). The firm also liquidated its entire stake in Builders FirstSource (BLDR) during this period. Despite these tactical shifts, Giverny's portfolio performance lagged behind broader market benchmarks. The fund reported a quarterly return of -0.29%, trailing the S&P 500's gain of 2.30%. Year-to-date, the fund has returned 5.58%, significantly underperforming the benchmark index's 12.75% rise.