Giverny Capital’s Q3 2021 Investor Letter

Giverny Capital, an asset management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly net return of 0.53% was delivered by the fund for the third quarter of 2021, slightly below its benchmark, the S&P 500 Index, which delivered a 0.58% gain for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.