# Giverny Capital Asset Management

> Giverny Capital Asset Management is an SEC-registered investment advisory firm in New York, NY, registered since 2020, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 30, 2026.

- CRD: 306473
- Filed as: GIVERNY CAPITAL ASSET MANAGEMENT
- Legal name: Giverny Capital Asset Management LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: New York, NY
- Filing period: October 2026
- Form ADV filing dated: March 30, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/306473
- AdvisorCensus page: https://advisorcensus.com/firm/giverny-capital-asset-management-new-york-ny-306473

## Quick answers

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

**Where is Giverny Capital Asset Management located?**
Giverny Capital Asset Management's principal office is in New York, NY, according to its Form ADV.

**Is Giverny Capital Asset Management registered with the SEC or a state?**
Giverny Capital Asset Management is an SEC-registered investment advisory firm, registered since 2020. Status as filed: Approved. CRD 306473.

**How much does Giverny Capital Asset Management manage?**
Giverny Capital Asset Management reports $599,391,058 in regulatory assets under management in its Form ADV filing dated March 30, 2026 (100% discretionary).

**How have Giverny Capital Asset Management's assets and staff changed since 2021?**
In the Form ADV data for Giverny Capital Asset Management: Regulatory assets under management: $119,200,000 in the October 2021 data and $599,391,058 in the October 2026 data, up 403%. Total employees: 1 in October 2021 and 3 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Giverny Capital Asset Management serve?**
By number of clients on Form ADV Item 5.D: high net worth individuals (221); individuals (other than high net worth individuals) (116); corporations or other businesses not listed above (8).

**Which custodians does Giverny Capital Asset Management use?**
Giverny Capital Asset Management's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists American Trust Investment Services, Inc., Charles Schwab & Co., Inc. and Fidelity Brokerage Services LLC as custodians holding 10% or more of its separately managed account assets.

**Does Giverny Capital Asset Management 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/306473

**Does Giverny Capital Asset Management state an account minimum?**
Its Form ADV Part 2A brochure dated March 30, 2026 says: "GCAM 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 management of the account."

**What changed in Giverny Capital Asset Management's recent Form ADV filings?**
In the April 2026 filing data: Regulatory assets under management went from $502,560,115 to $599,391,058 (+19%).

## 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)

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

> GCAM 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 management of the account.

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

### Custodians (Schedule D, Section 5.K(3))
- American Trust Investment Services, Inc.
- Charles Schwab & Co., Inc.
- Fidelity Brokerage Services LLC

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $599,391,058
- Discretionary: $599,391,058
- Non-discretionary: $0

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 116 | $71,728,838 |
| High net worth individuals | 221 | $507,370,083 |
| Charitable organizations | 1 | $14,144,979 |
| Corporations or other businesses not listed above | 8 | $6,147,158 |

### 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: 2020 (6 years)
- Employees: 3 total, 2 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: AL, CA, FL, IL, NC, NY, SC, TN, TX, VA
- 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 | $119,200,000 | 1 | March 24, 2021 |
| October 2022 | $197,000,000 | 1 | March 31, 2022 |
| October 2023 | $221,800,000 | 1 | April 13, 2023 |
| October 2024 | $368,800,284 | 3 | March 27, 2024 |
| October 2025 | $502,560,115 | 3 | April 3, 2025 |
| October 2026 | $599,391,058 | 3 | March 30, 2026 |

Regulatory assets under management: $119,200,000 in the October 2021 data and $599,391,058 in the October 2026 data, up 403%.
Total employees: 1 in October 2021 and 3 in October 2026.

## Changes in the filing (last 12 months)

### April 2026
- Regulatory assets under management went from $502,560,115 to $599,391,058 (+19%).

### January 2026
- No longer registered or notice-filed in PA.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Giverny Capital Asset Management (CRD 306473): Form ADV filing data as of October 2026.