Giverny Capital Asset Management Sold Ametek (AME) Due to Valuation Gap
Key takeaways
- The model portfolio fell 6.88% this quarter, compared to the S&P 500’s 4.33% decline.
- In its first-quarter 2026 investor letter, Giverny Capital Asset Management highlighted AMETEK, Inc.
- Giverny Capital Asset Management stated the following regarding AMETEK, Inc.
Giverny Capital Asset Management Sold Ametek (AME) Due to Valuation Gap Soumya Eswaran Thu, June 18, 2026 at 7:15 PM GMT+7 2 min read AME ^GSPC Giverny Capital Asset Management, LLC, an investment management company, recently published its first-quarter 2026 investor letter. A copy can be downloaded here. The model portfolio fell 6.88% this quarter, compared to the S&P 500’s 4.33% decline. Over the past year, the portfolio gained 8.52%, while the index increased by 17.80%. Geopolitical conflicts and inflation concerns drove quarterly volatility. Despite ongoing uncertainties, the firm remains confident that its portfolio companies will sustain strong earnings and maintain healthy balance sheets, focusing on company-specific news rather than short-term fluctuations. Additionally, you can review the Portfolio’s top 5 holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Giverny Capital Asset Management highlighted AMETEK, Inc. (NYSE:AME). AMETEK, Inc. (NYSE:AME) is a leading manufacturer of electronic instruments and electromechanical devices. On June 17, 2026, AMETEK, Inc. (NYSE:AME) stock closed at $231.27 per share. One-month return of AMETEK, Inc. (NYSE:AME) was 3.63%, and its shares gained 30.10% over the past 52 weeks. AMETEK, Inc. (NYSE:AME) has a market capitalization of $53.00 billion.
Giverny Capital Asset Management stated the following regarding AMETEK, Inc. (NYSE:AME) in its Q1 2026 investor letter: