← All Managers
Tom Gayner
Markel Group
Insurance-based value investor
$11.94B
Portfolio Value
129
Holdings
Q1 '26
Period
2026-05-01
Filed
📉
⚠️ ApproximationSimulated 13F Return
Total Return
+9.88%
Q1 '25 → Q4 '25
Annualized
+13.33%/yr
S&P: +26.24%/yr
Alpha (vs S&P)
-9.3%
3 quarters tracked
1-Year Return
—
⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.
📈 Recent Activity
Changes from previous quarter
VREDUCED
2.5% of portfolio
+1% shares-0.3pp
WSO-BINCREASED
1.8% of portfolio
+1% shares+0.2pp
MSFTINCREASED
1.7% of portfolio
+0% shares-0.4pp
FNVINCREASED
1.5% of portfolio
+4% shares+0.3pp
LOWINCREASED
1.5% of portfolio
+1% shares+0.0pp
AXPINCREASED
1.2% of portfolio
+0% shares-0.2pp
MRSHINCREASED
1.1% of portfolio
+0% shares-0.0pp
SCHWINCREASED
1.1% of portfolio
+1% shares
DEOINCREASED
0.9% of portfolio
+0% shares-0.1pp
LININCREASED
0.8% of portfolio
+2% shares+0.2pp
ODFLINCREASED
0.7% of portfolio
+2% shares+0.2pp
NSCINCREASED
0.7% of portfolio
+3% shares+0.0pp
ROLINCREASED
0.7% of portfolio
+1% shares-0.0pp
NVRINCREASED
0.7% of portfolio
+1% shares-0.0pp
SUNBNEW
0.5% of portfolio
New position
TSNINCREASED
0.5% of portfolio
+1% shares+0.1pp
SPGIREDUCED
0.4% of portfolio
-22% shares-0.2pp
AONINCREASED
0.4% of portfolio
+1% shares
FERGINCREASED
0.3% of portfolio
+4% shares+0.0pp
LMTINCREASED
0.3% of portfolio
+1% shares+0.1pp
HCAINCREASED
0.3% of portfolio
+2% shares+0.0pp
YUMINCREASED
0.3% of portfolio
+8% shares+0.0pp
UNPINCREASED
0.3% of portfolio
+6% shares+0.0pp
TMOINCREASED
0.3% of portfolio
+7% shares-0.0pp
MARINCREASED
0.3% of portfolio
+4% shares+0.0pp
ABNBINCREASED
0.3% of portfolio
+1% shares
FDSINCREASED
0.2% of portfolio
+11% shares-0.0pp
LAMRINCREASED
0.2% of portfolio
+4% shares+0.0pp
CCKINCREASED
0.2% of portfolio
+4% shares+0.0pp
APDINCREASED
0.2% of portfolio
+6% shares+0.0pp
CSXINCREASED
0.2% of portfolio
+20% shares+0.1pp
HSYINCREASED
0.1% of portfolio
+11% shares+0.0pp
BKINCREASED
0.1% of portfolio
+2% shares+0.0pp
CMEINCREASED
0.1% of portfolio
+9% shares+0.0pp
AMATINCREASED
0.1% of portfolio
+7% shares+0.0pp
CBOEINCREASED
0.1% of portfolio
+5% shares+0.0pp
HIIINCREASED
0.1% of portfolio
+8% shares+0.0pp
UBERINCREASED
0.1% of portfolio
+2% shares
MELINEW
0.1% of portfolio
New position
XOMINCREASED
0.1% of portfolio
+24% shares+0.0pp
EPDNEW
0.1% of portfolio
New position
CNIINCREASED
<0.1% of portfolio
+20% shares+0.0pp
UNHREDUCED
<0.1% of portfolio
-29% shares-0.0pp
NSPINCREASED
<0.1% of portfolio
+19% shares
CPINCREASED
<0.1% of portfolio
+18% shares
IEPINCREASED
<0.1% of portfolio
+38% shares+0.0pp
BCINCREASED
<0.1% of portfolio
+7% shares
BROINCREASED
<0.1% of portfolio
+27% shares
WYNEW
<0.1% of portfolio
New position
TGTSOLD
was 0.1%
Sold out position
Filing price: $97.75
CHHSOLD
was 0.1%
Sold out position
Filing price: $95.26
TRUSOLD
was <0.1%
Sold out position
Filing price: $85.75
Sold Out (3)
📊 Sector Breakdown
Portfolio allocation by sector
Unknown 31.2%Financials 28.2%Technology 18.5%Industrials 9.3%Consumer Discretionary 5.3%+5 more (7.5%)
💼 Holdings
🔍
129 of 129 positions · $11.94B
This quarter: 4 new positions, increased 42, reduced 3, sold 3. Net buyer.
| # | Stock | % Portfolio▼ | Activity | Shares | Reported Price | Value | Current Price | +/- Reported | 52w Low | 52w High | SEC | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BRK.ABerkshire Hathaway Inc. Class A | 6.7% | Held | 1114 | $718140.00 | $800.0M | — | — | — | — | 📄 | |
| 2 | GOOGALPHABET INC | 6.6% | Held | 2749860 | $286.86 | $788.8M | — | — | — | — | 📄 | |
| 3 | BRK.BBerkshire Hathaway Inc. Class B | 6.1% | Held | 1531971 | $479.20 | $734.1M | — | — | — | — | 📄 | |
| 4 | BNBROOKFIELD CORP | 4.4% | Held | 13073609 | $40.47 | $529.1M | — | — | — | — | 📄 | |
| 5 | DEDEERE & CO | 4.1% | Held | 877900 | $563.30 | $494.5M | — | — | — | — | 📄 | |
| 6 | AMZNAMAZON COM INC | 3.5% | Held | 2030760 | $208.27 | $422.9M | — | — | — | — | 📄 | |
| 7 | ADIANALOG DEVICES INC | 2.7% | Held | 1023245 | $318.14 | $325.5M | — | — | — | — | 📄 | |
| 8 | AAPLAPPLE INC | 2.6% | Held | 1227290 | $253.79 | $311.5M | — | — | — | — | 📄 | |
| 9 | GSGOLDMAN SACHS GROUP INC | 2.5% | Held | 359360 | $845.99 | $304.0M | — | — | — | — | 📄 | |
| 10 | VVISA INC | 2.5% | Reduce 0.50% | 1004331 | $302.24 | $303.5M | — | — | — | — | 📄 | |
| 11 | HDHOME DEPOT INC | 2.5% | Held | 920000 | $328.89 | $302.6M | — | — | — | — | 📄 | |
| 12 | CATCATERPILLAR INC | 2.0% | Held | 328650 | $708.46 | $232.8M | — | — | — | — | 📄 | |
| 13 | WSO-BWATSCO INC | 1.8% | Add 0.78% | 582169 | $363.79 | $211.8M | — | — | — | — | 📄 | |
| 14 | BLKBLACKROCK INC | 1.8% | Held | 220200 | $961.71 | $211.8M | — | — | — | — | 📄 | |
| 15 | MSFTMICROSOFT CORP | 1.7% | Add 0.36% | 537630 | $370.17 | $199.0M | — | — | — | — | 📄 | |
| 16 | DISDISNEY WALT CO | 1.6% | Held | 2031665 | $96.38 | $195.8M | — | — | — | — | 📄 | |
| 17 | FNVFRANCO NEV CORP | 1.5% | Add 3.66% | 708500 | $247.05 | $175.0M | — | — | — | — | 📄 | |
| 18 | LOWLOWES COS INC | 1.5% | Add 0.54% | 738480 | $236.28 | $174.5M | — | — | — | — | 📄 | |
| 19 | LPLALPL FINL HLDGS INC | 1.4% | Held | 559951 | $300.83 | $168.5M | — | — | — | — | 📄 | |
| 20 | GOOGLALPHABET INC | 1.4% | Held | 572000 | $287.56 | $164.5M | — | — | — | — | 📄 | |
| 21 | PGRPROGRESSIVE CORP | 1.3% | Held | 753750 | $198.24 | $149.4M | — | — | — | — | 📄 | |
| 22 | JNJJOHNSON & JOHNSON | 1.3% | Held | 610800 | $244.44 | $149.3M | — | — | — | — | 📄 | |
| 23 | AXPAMERICAN EXPRESS CO | 1.2% | Add 0.40% | 490450 | $302.48 | $148.4M | — | — | — | — | 📄 | |
| 24 | METAMETA PLATFORMS INC | 1.2% | Held | 248303 | $572.13 | $142.1M | — | — | — | — | 📄 | |
| 25 | BXBLACKSTONE INC | 1.2% | Held | 1229000 | $114.99 | $141.3M | — | — | — | — | 📄 |
1–25 of 129
1–25 of 129