Giverny Capital’s Q2 2026 portfolio rose 13.7%, led by ANET’s strong performance amid AI-driven hyperscale networking growth.
Arista Networks (ANET) contributed significantly to Giverny Capital Asset Management’s Q2 2026 portfolio return of 13.7%, trailing the S&P 500’s 15.2% gain. Year-to-date, the portfolio rose 5.89%, compared to the index’s 10.21% increase.
The firm highlighted ANET’s role as a key beneficiary of exponential AI-driven demand for high-speed switching and cloud networking solutions. Despite broader market anomalies—where 210 stocks declined in the first half—high-quality earnings compounders like ANET maintained a competitive edge.
Giverny Capital noted investor momentum favoring tech giants amid AI optimism, though sustainability concerns persist due to reliance on speculative investments.