Giverny Capital Asset Management, LLC released its Q4 2025 investor letter, showing a 0.01% return compared to the S&P 500’s 2.66%. Despite challenges, the firm had a 12.58% YTD return against the Index’s 17.88%. The portfolio faced difficulties due to underweight tech and overweight niche leaders, impacting performance.

TWFG, Inc. (NASDAQ:TWFG) was highlighted in Giverny Capital’s investor letter, closing at $24.99 per share on Jan. 30, 2026. With a market cap of $1.4 billion, TWFG’s one-month return was -11.88%, losing 15.80% over the last 52 weeks. The firm added to positions in TWFG and Kinsale in Q4 2025.

Giverny Capital Asset Management praised TWFG, Inc. (NASDAQ:TWFG) for providing independent insurance agents with a platform to access multiple carriers and back office support. With a market cap below $2 billion and majority ownership by its founder, TWFG remains a small, illiquid investment opportunity for the firm to continue adding to.

TWFG, Inc. (NASDAQ:TWFG) is not among the 30 most popular stocks among hedge funds, with only 12 portfolios holding it at the end of Q3. While recognizing TWFG’s potential, the firm sees greater upside in certain AI stocks with less downside risk. For an undervalued AI stock with potential benefits from tariffs and onshoring trends, check out their free report.

Read more at Yahoo Finance: Giverny Capital Asset Management Bets on TWFG (TWFG), an Independent Distribution Platform