Tom Gayner
Markel Group · Insurance-float equity compounding Invests the equity portfolio of an insurance holding company, buying profitable, reasonably valued businesses run by talented, honest managers with reinvestment runways, and holding for the long term.
Showing all 130 reported 13(f) positions; TradingPilot links only the 13 matching its curated universe — a licensed CUSIP↔ticker database was not used. Unmapped positions render as plain text, exactly as filed.
Portfolio allocation (reported 13F equity)
Long US-listed equity positions only; options excluded.
- ALPHABET INC7.4%
- BERKSHIRE HATHAWAY INC DEL6.4%
- BERKSHIRE HATHAWAY INC DEL5.8%
- DE4.2%
- BROOKFIELD CORP4.2%
- AMZN3.7%
- ANALOG DEVICES INC3.0%
- GOLDMAN SACHS GROUP INC2.8%
- AAPL2.7%
- CATERPILLAR INC2.7%
- Others57.1%
Reported 13F equity value — not a return, not AUM
Long US-listed equity positions only; filed with a ~45-day lag.
| # | Ticker | Security (as filed) | % of 13F | Shares | Reported price | Current | Value | Activity |
|---|---|---|---|---|---|---|---|---|
| 1 | — | ALPHABET INC | 7.4% | 2,749,860 | $353.33 | — | $971.6M | Held +0% |
| 2 | — | BERKSHIRE HATHAWAY INC DEL | 6.4% | 1,114 | $748,850.00 | — | $834.2M | Held +0% |
| 3 | — | BERKSHIRE HATHAWAY INC DEL | 5.8% | 1,531,971 | $500.39 | — | $766.6M | Held +0% |
| 4 | DE | DEERE & CO | 4.2% | 877,900 | $634.33 | $660.00 +4.0% | $556.9M | Held +0% |
| 5 | — | BROOKFIELD CORP | 4.2% | 13,073,609 | $42.59 | — | $556.8M | Held +0% |
| 6 | AMZN | AMAZON COM INC | 3.7% | 2,030,760 | $238.34 | $243.79 +2.3% | $484.0M | Held +0% |
| 7 | — | ANALOG DEVICES INC | 3.0% | 999,671 | $397.17 | — | $397.0M | Trimmed −2% |
| 8 | — | GOLDMAN SACHS GROUP INC | 2.8% | 359,360 | $1,011.37 | — | $363.4M | Held +0% |
| 9 | AAPL | APPLE INC | 2.7% | 1,227,290 | $289.36 | $348.91 +20.6% | $355.1M | Held +0% |
| 10 | — | CATERPILLAR INC | 2.7% | 328,650 | $1,064.90 | — | $350.0M | Held +0% |
| 11 | V | VISA INC | 2.6% | 1,013,912 | $343.09 | $410.54 +19.7% | $347.9M | Added +1% |
| 12 | — | HOME DEPOT INC | 2.5% | 922,500 | $352.68 | — | $325.3M | Added +0% |
| 13 | — | WATSCO INC | 1.9% | 597,750 | $416.73 | — | $249.1M | Added +3% |
| 14 | — | TEXAS INSTRS INC | 1.6% | 724,000 | $298.07 | — | $215.8M | Held +0% |
| 15 | — | BLACKROCK INC | 1.6% | 220,200 | $961.56 | — | $211.7M | Held +0% |
| 16 | GOOGL | ALPHABET INC | 1.6% | 572,000 | $357.37 | $283.82 -20.6% | $204.4M | Held +0% |
| 17 | MSFT | MICROSOFT CORP | 1.5% | 537,630 | $373.02 | $530.14 +42.1% | $200.5M | Held +0% |
| 18 | DIS | DISNEY WALT CO | 1.5% | 2,031,665 | $96.25 | $110.91 +15.2% | $195.5M | Held +0% |
| 19 | — | AMERICAN EXPRESS CO | 1.3% | 490,450 | $338.25 | — | $165.9M | Held +0% |
| 20 | — | LOWES COS INC | 1.3% | 751,980 | $220.49 | — | $165.8M | Added +2% |
| 21 | — | PROGRESSIVE CORP | 1.3% | 753,750 | $218.45 | — | $164.7M | Held +0% |
| 22 | — | FRANCO NEV CORP | 1.2% | 773,500 | $208.44 | — | $161.2M | Added +9% |
| 23 | — | LPL FINL HLDGS INC | 1.2% | 559,951 | $281.68 | — | $157.7M | Held +0% |
| 24 | — | JOHNSON & JOHNSON | 1.2% | 610,800 | $253.97 | — | $155.1M | New |
| 25 | — | BLACKSTONE INC | 1.1% | 1,229,000 | $117.67 | — | $144.6M | Held +0% |
| 26 | — | RLI CORP | 1.1% | 2,394,544 | $59.07 | — | $141.4M | Held +0% |
| 27 | — | GENERAL DYNAMICS CORP | 1.1% | 391,000 | $354.24 | — | $138.5M | New |
| 28 | — | NOVO-NORDISK A S | 1.0% | 2,869,774 | $47.94 | — | $137.6M | New |
| 29 | — | KKR & CO INC | 1.0% | 1,451,800 | $91.78 | — | $133.2M | Held +0% |
| 30 | META | META PLATFORMS INC | 1.0% | 234,163 | $563.29 | $624.52 +10.9% | $131.9M | Trimmed −6% |
| 31 | — | SCHWAB CHARLES CORP | 1.0% | 1,394,800 | $92.27 | — | $128.7M | Added +1% |
| 32 | — | MARSH & MCLENNAN COS INC | 1.0% | 763,500 | $166.67 | — | $127.3M | Held +0% |
| 33 | — | APOLLO GLOBAL MGMT INC | 0.9% | 1,012,500 | $118.31 | — | $119.8M | Held +0% |
| 34 | — | ARCHER DANIELS MIDLAND CO | 0.9% | 1,505,800 | $76.40 | — | $115.0M | Held +0% |
| 35 | — | LINDE PLC | 0.9% | 215,600 | $518.94 | — | $111.9M | Added +5% |
| 36 | — | DIAGEO PLC | 0.8% | 1,372,208 | $80.38 | — | $110.3M | Held +0% |
| 37 | — | MASTERCARD INCORPORATED | 0.8% | 207,540 | $513.60 | — | $106.6M | Held +0% |
| 38 | — | DOLLAR GEN CORP | 0.8% | 869,250 | $115.11 | — | $100.1M | Held +0% |
| 39 | — | BROOKFIELD ASSET MANAGMT LTD | 0.7% | 2,193,953 | $44.85 | — | $98.4M | Held +0% |
| 40 | — | HEICO CORP NEW | 0.7% | 379,644 | $257.91 | — | $97.9M | Held +0% |
| 41 | — | MOODYS CORP | 0.7% | 213,890 | $452.92 | — | $96.9M | Held +0% |
| 42 | — | OLD DOMINION FREIGHT LINE IN | 0.7% | 429,150 | $216.60 | — | $93.0M | Held +0% |
| 43 | — | NORFOLK SOUTHN CORP | 0.7% | 282,500 | $314.59 | — | $88.9M | Held +0% |
| 44 | — | ILLINOIS TOOL WKS INC | 0.7% | 327,500 | $270.47 | — | $88.6M | Held +0% |
| 45 | JPM | JPMORGAN CHASE & CO | 0.6% | 252,550 | $327.33 | $343.58 +5.0% | $82.7M | Held +0% |
| 46 | — | NVR INC | 0.6% | 12,097 | $6,813.40 | — | $82.4M | Added +0% |
| 47 | — | MSCI INC | 0.6% | 142,850 | $560.04 | — | $80.0M | Held +0% |
| 48 | — | ROCKWELL AUTOMATION INC | 0.6% | 154,900 | $495.08 | — | $76.7M | Held +0% |
| 49 | — | ECOLAB INC | 0.6% | 274,300 | $278.61 | — | $76.4M | Held +0% |
| 50 | — | SUNBELT RENTALS HOLDINGS INC | 0.6% | 974,361 | $74.81 | — | $72.9M | Added +1% |
| 51 | — | STARBUCKS CORP | 0.5% | 623,818 | $102.19 | — | $63.7M | Held +0% |
| 52 | — | ROLLINS INC | 0.5% | 1,516,525 | $41.74 | — | $63.3M | Added +1% |
| 53 | — | HANOVER INS GROUP INC | 0.5% | 281,000 | $214.12 | — | $60.2M | Held +0% |
| 54 | — | INVESTORS TITLE CO NC | 0.4% | 213,300 | $273.68 | — | $58.4M | Held +0% |
| 55 | — | CARLYLE GROUP INC | 0.4% | 1,327,000 | $42.11 | — | $55.9M | Held +0% |
| 56 | — | TYSON FOODS INC | 0.4% | 913,500 | $57.25 | — | $52.3M | Added +3% |
| 57 | — | S&P GLOBAL INC | 0.4% | 117,690 | $407.26 | — | $47.9M | Held +0% |
| 58 | — | AON PLC | 0.3% | 135,800 | $331.69 | — | $45.0M | Held +0% |
| 59 | — | UNION PAC CORP | 0.3% | 161,028 | $272.00 | — | $43.8M | Added +7% |
| 60 | — | FERGUSON ENTERPRISES INC | 0.3% | 180,200 | $237.33 | — | $42.8M | Added +6% |
| 61 | — | RTX CORPORATION | 0.3% | 224,000 | $189.73 | — | $42.5M | New |
| 62 | CSCO | CISCO SYS INC | 0.3% | 355,500 | $117.46 | $108.59 -7.6% | $41.8M | Held +0% |
| 63 | — | MERCADOLIBRE INC | 0.3% | 24,000 | $1,697.39 | — | $40.7M | Added +340% |
| 64 | — | YUM BRANDS INC | 0.3% | 245,213 | $159.86 | — | $39.2M | Held +0% |
| 65 | — | MARRIOTT INTL INC NEW | 0.3% | 99,500 | $370.59 | — | $36.9M | Added +6% |
| 66 | — | ALLSTATE CORP | 0.3% | 154,550 | $237.94 | — | $36.8M | Held +0% |
| 67 | — | THERMO FISHER SCIENTIFIC INC | 0.3% | 73,100 | $501.36 | — | $36.6M | New |
| 68 | — | COSTCO WHOLESALE CORPORATION | 0.3% | 39,150 | $935.47 | — | $36.6M | Held +0% |
| 69 | — | HAGERTY INC | 0.3% | 3,108,000 | $11.55 | — | $35.9M | Held +0% |
| 70 | — | PRICE T ROWE GROUP INC | 0.3% | 314,000 | $113.69 | — | $35.7M | Held +0% |
| 71 | — | UNITED RENTALS INC | 0.3% | 31,150 | $1,132.89 | — | $35.3M | Held +0% |
| 72 | — | AIRBNB INC | 0.3% | 242,389 | $143.10 | — | $34.7M | Held +0% |
| 73 | — | LOCKHEED MARTIN CORP | 0.3% | 65,213 | $509.46 | — | $33.2M | New |
| 74 | — | HCA HEALTHCARE INC | 0.3% | 84,366 | $389.89 | — | $32.9M | New |
| 75 | — | SHERWIN WILLIAMS CO | 0.2% | 94,172 | $344.32 | — | $32.4M | Held +0% |
| 76 | — | FACTSET RESH SYS INC | 0.2% | 135,376 | $230.08 | — | $31.1M | Held +0% |
| 77 | — | LAMAR ADVERTISING CO | 0.2% | 193,000 | $155.98 | — | $30.1M | Held +0% |
| 78 | — | VERISK ANALYTICS INC | 0.2% | 155,950 | $179.53 | — | $28.0M | Held +0% |
| 79 | — | CSX CORP | 0.2% | 584,500 | $47.53 | — | $27.8M | Added +10% |
| 80 | AMAT | APPLIED MATLS INC | 0.2% | 36,350 | $723.00 | $421.66 -41.7% | $26.3M | Held +0% |
| 81 | — | AIR PRODUCTS AND CHEMICALS I | 0.2% | 88,500 | $293.18 | — | $25.9M | Added +17% |
| 82 | FIX | COMFORT SYS USA INC | 0.2% | 13,000 | $1,981.95 | $1,326.23 -33.1% | $25.8M | Held +0% |
| 83 | — | CROWN HLDGS INC | 0.2% | 220,000 | $111.82 | — | $24.6M | Held +0% |
| 84 | — | BROWN FORMAN CORP | 0.2% | 843,000 | $27.36 | — | $23.1M | Held +0% |
| 85 | — | RENAISSANCERE HLDGS LTD | 0.2% | 70,000 | $316.90 | — | $22.2M | Held +0% |
| 86 | — | ENTERPRISE PRODS PARTNERS L | 0.2% | 569,000 | $36.76 | — | $20.9M | Added +182% |
| 87 | — | PHILIP MORRIS INTL INC | 0.2% | 114,500 | $180.91 | — | $20.7M | Held +0% |
| 88 | — | ACCENTURE PLC IRELAND | 0.2% | 159,400 | $124.44 | — | $19.8M | Held +0% |
| 89 | — | COMCAST CORP NEW | 0.1% | 802,074 | $24.55 | — | $19.7M | Trimmed −17% |
| 90 | — | HEXCEL CORP NEW | 0.1% | 189,000 | $100.06 | — | $18.9M | New |
| 91 | — | NIKE INC | 0.1% | 447,400 | $41.05 | — | $18.4M | Held +0% |
| 92 | — | CAPITAL ONE FINL CORP | 0.1% | 91,000 | $200.62 | — | $18.3M | Held +0% |
| 93 | — | BANK NEW YORK MELLON CORP | 0.1% | 124,500 | $144.61 | — | $18.0M | Held +0% |
| 94 | — | CARRIER GLOBAL CORPORATION | 0.1% | 235,000 | $73.35 | — | $17.2M | Held +0% |
| 95 | — | WELLS FARGO & CO | 0.1% | 204,450 | $82.64 | — | $16.9M | Held +0% |
| 96 | — | SEI INVTS CO | 0.1% | 173,200 | $87.71 | — | $15.2M | Held +0% |
| 97 | — | PAYCHEX INC | 0.1% | 150,000 | $98.33 | — | $14.7M | Held +0% |
| 98 | — | HERSHEY CO | 0.1% | 75,000 | $175.45 | — | $13.2M | Held +0% |
| 99 | — | PEPSICO INC | 0.1% | 96,210 | $135.40 | — | $13.0M | Held +0% |
| 100 | — | BROWN FORMAN CORP | 0.1% | 474,187 | $26.65 | — | $12.6M | Held +0% |
| 101 | — | SPOTIFY TECHNOLOGY S A | 0.1% | 25,900 | $459.13 | — | $11.9M | Held +0% |
| 102 | — | SHOPIFY INC | 0.1% | 102,750 | $114.18 | — | $11.7M | Held +0% |
| 103 | — | EQUIFAX INC | 0.1% | 72,850 | $158.72 | — | $11.6M | Held +0% |
| 104 | — | CME GROUP INC | 0.1% | 49,750 | $220.83 | — | $11.0M | Held +0% |
| 105 | — | CBOE GLOBAL MKTS INC | 0.1% | 43,700 | $242.67 | — | $10.6M | Held +0% |
| 106 | — | UBER TECHNOLOGIES INC | 0.1% | 142,500 | $72.16 | — | $10.3M | Held +0% |
| 107 | — | OTIS WORLDWIDE CORP | 0.1% | 133,620 | $71.60 | — | $9.6M | Added +17% |
| 108 | — | IQVIA HLDGS INC | 0.1% | 46,900 | $193.22 | — | $9.1M | New |
| 109 | — | HUNTINGTON INGALLS INDS INC | 0.1% | 27,500 | $279.89 | — | $7.7M | New |
| 110 | — | EXXON MOBIL CORP | 0.1% | 56,100 | $136.72 | — | $7.7M | Added +19% |
| 111 | — | INSPERITY INC | 0.1% | 181,336 | $41.31 | — | $7.5M | Held +0% |
| 112 | — | CARMAX INC | 0.1% | 136,500 | $52.89 | — | $7.2M | Held +0% |
| 113 | — | SONY GROUP CORP | 0.1% | 335,000 | $20.06 | — | $6.7M | Held +0% |
| 114 | — | CANADIAN NATL RY CO | 0.0% | 53,500 | $119.24 | — | $6.4M | Held +0% |
| 115 | — | CANADIAN PACIFIC KANSAS CITY | 0.0% | 73,000 | $86.65 | — | $6.3M | Added +23% |
| 116 | — | GRAHAM HLDGS CO | 0.0% | 5,200 | $1,141.42 | — | $5.9M | Held +0% |
| 117 | — | EASTMAN CHEM CO | 0.0% | 74,950 | $66.98 | — | $5.0M | Held +0% |
| 118 | — | ZOETIS INC | 0.0% | 66,195 | $71.86 | — | $4.8M | New |
| 119 | — | BRUNSWICK CORP | 0.0% | 51,250 | $84.24 | — | $4.3M | Held +0% |
| 120 | — | BERKLEY W R CORP | 0.0% | 60,750 | $70.53 | — | $4.3M | Held +0% |
| 121 | — | MGM RESORTS INTERNATIONAL | 0.0% | 87,500 | $47.81 | — | $4.2M | Held +0% |
| 122 | — | ACUITY INC | 0.0% | 9,750 | $376.66 | — | $3.7M | Held +0% |
| 123 | — | INTERCONTINENTAL EXCHANGE IN | 0.0% | 28,870 | $123.11 | — | $3.6M | Held +0% |
| 124 | — | EAGLE MATLS INC | 0.0% | 14,750 | $225.00 | — | $3.3M | Held +0% |
| 125 | — | WEYERHAEUSER CO | 0.0% | 120,000 | $23.94 | — | $2.9M | Added +586% |
| 126 | NFLX | NETFLIX INC. | 0.0% | 40,000 | $71.40 | $62.05 -13.1% | $2.9M | New |
| 127 | — | SYSCO CORP | 0.0% | 30,500 | $83.58 | — | $2.5M | Held +0% |
| 128 | — | DOMINOS PIZZA INC | 0.0% | 5,500 | $296.04 | — | $1.6M | Held +0% |
| 129 | — | BROWN & BROWN INC | 0.0% | 14,000 | $64.15 | — | $898100 | Held +0% |
| 130 | — | UFP INDUSTRIES INC | 0.0% | 4,000 | $90.74 | — | $362960 | New |
| — | — | SCOTTS MIRACLE-GRO CO | — | 0 | — | — | $0 | Sold-Out −100% |
Reported price = value ÷ shares at the quarter-end — an average, NOT the manager's buy/sell price.
Current shows the stock's price change since the filing quarter-end (mapped names only) — it is the STOCK's move, not the manager's realized return (we don't know their cost basis or whether they still hold).
TradingPilot analysis of the reported 13F equity book
As of 2026Q2, Tom Gayner's reported 13F book holds 130 equity positions; the top 5 are 28% of it.
- ALPHABET INC — 7.4% of 13F
- BERKSHIRE HATHAWAY INC DEL — 6.4% of 13F
- BERKSHIRE HATHAWAY INC DEL — 5.8% of 13F
- DEERE & CO (DE) — 4.2% of 13F
- BROOKFIELD CORP — 4.2% of 13F
This quarter: 13 new, 22 added, 3 trimmed, 1 sold out.
Biggest share moves:
- ENTERPRISE PRODS PARTNERS L — Added (+367,000 sh)
- SCOTTS MIRACLE-GRO CO — Sold-Out (−168,000 sh)
- COMCAST CORP NEW — Trimmed (−159,806 sh)
- WEYERHAEUSER CO — Added (+102,500 sh)
- FRANCO NEV CORP — Added (+65,000 sh)