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Francois Rochon

Giverny Capital

Francois Rochon SPDR Gold Shares stake

total: 126

Giverny Capital GLD trades

Total transactions:
5
New positions:
1
Added:
1
Reduced:
3
Held since:
2021 Q4
Held for:
19 quarters
Latest activity:
2025 Q2
According to 2026 Q2 report, Francois Rochon holds 3,876 SPDR Gold Shares (GLD) shares with a market value of roughly $25.03M accounting for 0.84% of the overall portfolio. To date, the estimated cost basis is nearly $170.95 for "buy" trades and estimated average "sell" price is $267.44. Giverny Capital first purchased GLD in 2021 Q4, initially acquiring 4,265 shares. Since the initial investment in SPDR Gold Shares (GLD), Giverny Capital has made 4 more transactions.

How many GLD shares does Francois Rochon currently hold?

According to 2026 Q2 report, Francois Rochon holds 3,876 shares of SPDR Gold Shares (GLD), valued at around $25.03M.

When did Francois Rochon buy SPDR Gold Shares (GLD)?

Francois Rochon first invested in SPDR Gold Shares (GLD) in 2021 Q4 at the reported quarter-end price of $170.93 per share.

What's the cost basis of Giverny Capital's GLD stake?

The estimated cost basis for SPDR Gold Shares (GLD) stake is around $170.95 per share. This represents their average reported price* across all buy transactions

Estimated cost basis*

Weighted AVG buy price:
$170.95
Weighted AVG sell price:
$267.44

Francois Rochon's historical trades in SPDR Gold Shares

5 results
Period % of
portfolio
Shares
held after*
Reported
price*
Value* % (shares)
of activity
% change
to portfolio
2025 Q2
0.04%
3,876
$304.83
$1,181,521
-0.56% (-22)
-0%
2025 Q1
0.04%
3,898
$288.14
$1,123,170
-7.32% (-308)
-0%
2023 Q3
0.04%
4,206
$171.45
$721,119
-1.75% (-75)
-0%
2023 Q2
0.04%
4,281
$178.27
$763,174
+0.38% (+16)
+0%
2021 Q4
0.04%
4,265
$170.93
$729,000
new
+0.04%
* Shares, change to shares, sold shares, shares held after: split-adjusted.
* Reported price: this doesn't represent the actual buy or sell price. It is the split-adjusted price of the security as of the last day of the reported period.
If the security is completely sold out, we show the reported split-adjusted price prior to the actual period.
* Estimated cost basis: based on "Reported price*" (not earlier than 2013 Q2). Calculation starts from the latest "new buy" activity to the latest "close out" activity (if any).
* Value or Price: If the security is completely sold out, we show the reported value (or price) prior to the actual period.
* New buy or own: this means there is no earlier reporting (for us or in general). So we can't know if the actual purchase of the security happened at the reported period or earlier.