# Giverny Capital Advisors

> Giverny Capital Advisors is an SEC-registered investment advisory firm in Princeton, NJ, registered since 2017, reporting $100 million to $500 million in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 150123
- Filed as: GIVERNY CAPITAL ADVISORS
- Legal name: Giverny Capital Advisors LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Princeton, NJ
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/150123
- AdvisorCensus page: https://advisorcensus.com/firm/giverny-capital-advisors-princeton-nj-150123

## Quick answers

**How is Giverny Capital Advisors compensated?**
On its Form ADV (Item 5.E, October 2026), Giverny Capital Advisors reports these compensation arrangements: a percentage of assets under its management.

**How much does Giverny Capital Advisors charge?**
Its Form ADV Part 2A brochure dated March 30, 2026 states: Asset-based fee: 1% of assets a year. Fees can differ by service and may be negotiable; the brochure is the complete statement.

**Where is Giverny Capital Advisors located?**
Giverny Capital Advisors' principal office is in Princeton, NJ, according to its Form ADV.

**Is Giverny Capital Advisors registered with the SEC or a state?**
Giverny Capital Advisors is an SEC-registered investment advisory firm, registered since 2017. Status as filed: Approved. CRD 150123.

**How much does Giverny Capital Advisors manage?**
Giverny Capital Advisors reports $420,913,533 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Giverny Capital Advisors' assets and staff changed since 2021?**
In the Form ADV data for Giverny Capital Advisors: Regulatory assets under management: $266,063,648 in the October 2021 data and $420,913,533 in the October 2026 data, up 58%. Total employees: 2 in October 2021 and 2 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Giverny Capital Advisors serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (96); individuals (other than high net worth individuals) (83); corporations or other businesses not listed above (7).

**Does Giverny Capital Advisors report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/150123

**Does Giverny Capital Advisors state an account minimum?**
Its Form ADV Part 2A brochure dated March 30, 2026 says: "Giverny Capital Advisors does not impose a per client minimum for investment management services but does have the discretion to do so if the initial account value is deemed too small to cover expenses related to the management of the account."

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management

### Fees and minimums (Form ADV Part 2A brochure dated March 30, 2026)

- Asset-based fee: 1% of assets a year

> The annual investment management fee charged is approximately 1.00% of the market value of a client’s assets under management, inclusive of cash and accrued income.

- Account minimum: None (the brochure says it may be waived or negotiated)

> Giverny Capital Advisors does not impose a per client minimum for investment management services but does have the discretion to do so if the initial account value is deemed too small to cover expenses related to the management of the account.

As stated in the firm's brochure. Fees can differ by service and may be negotiable.

### Regulatory assets under management (Item 5.F)
- Total: $420,913,533
- Discretionary: $420,913,533
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 83 | $40,107,521 |
| High net worth individuals | 96 | $286,180,900 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | Not reported | $0 |
| Business development companies | Not reported | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | Not reported | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 1 | $5,396,402 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 7 | $67,025,965 |
| Other | 3 | $22,202,745 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2017 (9 years)
- Employees: 2 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, FL, MA, NJ, NY, TX
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $266,063,648 | 2 | March 31, 2021 |
| October 2022 | $341,679,106 | 2 | March 29, 2022 |
| October 2023 | $258,245,127 | 2 | March 30, 2023 |
| October 2024 | $329,141,864 | 2 | March 27, 2024 |
| October 2025 | $394,930,118 | 2 | March 27, 2025 |
| October 2026 | $420,913,533 | 2 | March 30, 2026 |

Regulatory assets under management: $266,063,648 in the October 2021 data and $420,913,533 in the October 2026 data, up 58%.
Total employees: 2 in October 2021 and 2 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Giverny Capital Advisors (CRD 150123): Form ADV filing data as of October 2026.