What Tom Gayner Bought in Q1 2025
Markel Group · Quarterly 13F recap as filed with the SEC.
Period: 2025-03-31 · Filed · Historical
$11.26B
Total Value
135
Holdings
3
New Buys
2
Reduced
In Q1 2025, Tom Gayner reported 135 long equity positions worth $11.26B in their Markel Group 13F filing, including 3 new positions (largest: CBOE GLOBAL MKTS INC at $1.4M) and 40 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | BRK.A | Berkshire Hathaway Inc. Class A | 1114 | $889.5M | 7.90% | — |
| 2 | BRK.B | Berkshire Hathaway Inc. Class B | 1531971 | $815.9M | 7.25% | — |
| 3 | BN | BROOKFIELD CORP | 8715741 | $456.8M | 4.06% | — |
| 4 | GOOG | ALPHABET INC | 2749860 | $429.6M | 3.81% | — |
| 5 | DE | DEERE & CO | 877700 | $411.9M | 3.66% | +0.3% |
| 6 | AMZN | AMAZON COM INC | 2030760 | $386.4M | 3.43% | — |
| 7 | V | VISA INC | 999285 | $350.2M | 3.11% | — |
| 8 | HD | HOME DEPOT INC | 920000 | $337.2M | 2.99% | — |
| 9 | WSO | WATSCO INC | 590500 | $300.2M | 2.67% | — |
| 10 | AAPL | APPLE INC | 1227290 | $272.6M | 2.42% | — |
| 11 | ADI | ANALOG DEVICES INC | 1167671 | $235.5M | 2.09% | — |
| 12 | PGR | PROGRESSIVE CORP | 753750 | $213.3M | 1.89% | — |
| 13 | BLK | BLACKROCK INC | 220200 | $208.4M | 1.85% | — |
| 14 | DIS | DISNEY WALT CO | 2031665 | $200.5M | 1.78% | — |
| 15 | GS | GOLDMAN SACHS GROUP INC | 359360 | $196.3M | 1.74% | — |
| 16 | MSFT | MICROSOFT CORP | 522730 | $196.2M | 1.74% | +0.6% |
| 17 | RLI | RLI CORP | 2394544 | $192.4M | 1.71% | +100.0% |
| 18 | MRSH | MARSH & MCLENNAN COS INC | 743500 | $181.4M | 1.61% | +1.1% |
| 19 | LPLA | LPL FINL HLDGS INC | 539104 | $176.4M | 1.57% | +1.3% |
| 20 | BX | BLACKSTONE INC | 1229000 | $171.8M | 1.53% | — |
| 21 | KKR | KKR & CO INC | 1451800 | $167.8M | 1.49% | — |
| 22 | LOW | LOWES COS INC | 708230 | $165.2M | 1.47% | +1.0% |
| 23 | META | META PLATFORMS INC | 280081 | $161.4M | 1.43% | +0.6% |
| 24 | NVO | NOVO-NORDISK A S | 2150000 | $149.3M | 1.33% | — |
| 25 | DEO | DIAGEO PLC | 1366708 | $143.2M | 1.27% | — |
| 26 | APO | APOLLO GLOBAL MGMT INC | 1012500 | $138.7M | 1.23% | — |
| 27 | AXP | AMERICAN EXPRESS CO | 484250 | $130.3M | 1.16% | — |
| 28 | TXN | TEXAS INSTRS INC | 724000 | $130.1M | 1.16% | — |
| 29 | MA | MASTERCARD INCORPORATED | 207540 | $113.8M | 1.01% | — |
| 30 | CAT | CATERPILLAR INC | 328050 | $108.2M | 0.96% | +1.0% |
| 31 | SCHW | SCHWAB CHARLES CORP | 1364800 | $106.8M | 0.95% | +0.1% |
| 32 | GD | GENERAL DYNAMICS CORP | 391000 | $106.6M | 0.95% | — |
| 33 | BAM | BROOKFIELD ASSET MANAGMT LTD | 2193953 | $106.3M | 0.94% | — |
| 34 | JNJ | JOHNSON & JOHNSON | 610800 | $101.3M | 0.90% | — |
| 35 | MCO | MOODYS CORP | 213890 | $99.6M | 0.88% | — |
| 36 | GOOGL | ALPHABET INC | 557000 | $86.1M | 0.76% | +0.4% |
| 37 | NVR | NVR INC | 11884 | $86.1M | 0.76% | +0.6% |
| 38 | LIN | LINDE PLC | 181000 | $84.3M | 0.75% | +7.7% |
| 39 | FNV | FRANCO NEV CORP | 525250 | $82.8M | 0.73% | +8.7% |
| 40 | ITW | ILLINOIS TOOL WKS INC | 327500 | $81.2M | 0.72% | — |
| 41 | MSCI | MSCI INC | 142850 | $80.8M | 0.72% | — |
| 42 | HEI-A | HEICO CORP NEW | 379644 | $80.1M | 0.71% | — |
| 43 | ROL | ROLLINS INC | 1462275 | $79.0M | 0.70% | — |
| 44 | SPGI | S&P GLOBAL INC | 150690 | $76.6M | 0.68% | — |
| 45 | DG | DOLLAR GEN CORP NEW | 869250 | $76.4M | 0.68% | +4.0% |
| 46 | ADM | ARCHER DANIELS MIDLAND CO | 1551300 | $74.5M | 0.66% | +5.2% |
| 47 | ECL | ECOLAB INC | 274300 | $69.5M | 0.62% | — |
| 48 | JPM | JPMORGAN CHASE & CO. | 252550 | $62.0M | 0.55% | — |
| 49 | SBUX | STARBUCKS CORP | 623818 | $61.2M | 0.54% | +1.1% |
| 50 | CG | Carlyle Group | 1327000 | $57.8M | 0.51% | — |
| 51 | NSC | NORFOLK SOUTHN CORP | 229500 | $54.4M | 0.48% | — |
| 52 | FDS | FACTSET RESH SYS INC | 116720 | $53.1M | 0.47% | — |
| 53 | FDX | FEDEX CORP | 213000 | $51.9M | 0.46% | +3.1% |
| 54 | ODFL | OLD DOMINION FREIGHT LINE IN | 313200 | $51.8M | 0.46% | +4.2% |
| 55 | AON | AON PLC | 129450 | $51.7M | 0.46% | +2.6% |
| 56 | ITIC | INVESTORS TITLE CO NC | 213300 | $51.4M | 0.46% | — |
| 57 | TSN | TYSON FOODS INC | 798500 | $51.0M | 0.45% | — |
| 58 | ACN | ACCENTURE PLC IRELAND | 159400 | $49.7M | 0.44% | — |
| 59 | THG | HANOVER INS GROUP INC | 280000 | $48.7M | 0.43% | +4.9% |
| 60 | VRSK | VERISK ANALYTICS INC | 155950 | $46.4M | 0.41% | — |
| 61 | MMM | 3M CO | 293750 | $43.1M | 0.38% | — |
| 62 | ROK | ROCKWELL AUTOMATION INC | 154900 | $40.0M | 0.36% | — |
| 63 | COST | COSTCO WHSL CORP NEW | 39150 | $37.0M | 0.33% | — |
| 64 | CMCSA | Comcast Corporation | 961880 | $35.5M | 0.32% | — |
| 65 | YUM | YUM BRANDS INC | 225451 | $35.5M | 0.32% | +9.7% |
| 66 | SHW | SHERWIN WILLIAMS CO | 94172 | $32.9M | 0.29% | — |
| 67 | ALL-PJ | ALLSTATE CORP | 154550 | $32.0M | 0.28% | — |
| 68 | RTX | RTX CORPORATION | 224000 | $29.7M | 0.26% | — |
| 69 | TROW | PRICE T ROWE GROUP INC | 314000 | $28.8M | 0.26% | — |
| 70 | NKE | NIKE INC | 445400 | $28.3M | 0.25% | +3.0% |
| 71 | BF-B | BROWN FORMAN CORP | 843000 | $28.2M | 0.25% | — |
| 72 | HGTY | HAGERTY INC | 3108000 | $28.1M | 0.25% | — |
| 73 | LMT | LOCKHEED MARTIN CORP | 61463 | $27.5M | 0.24% | +9.0% |
| 74 | PAYX | PAYCHEX INC | 150000 | $23.1M | 0.21% | — |
| 75 | TMO | THERMO FISHER SCIENTIFIC INC | 45000 | $22.4M | 0.20% | +9.5% |
| 76 | ABNB | AIRBNB INC | 183820 | $22.0M | 0.19% | +59.4% |
| 77 | HCA | HCA HEALTHCARE INC | 62001 | $21.4M | 0.19% | +9.6% |
| 78 | CSCO | CISCO SYS INC | 342000 | $21.1M | 0.19% | — |
| 79 | UNP | UNION PAC CORP | 85778 | $20.3M | 0.18% | — |
| 80 | FERG | FERGUSON ENTERPRISES INC | 123000 | $19.7M | 0.18% | +16.0% |
| 81 | URI | UNITED RENTALS INC | 31150 | $19.5M | 0.17% | +5.1% |
| 82 | APD | AIR PRODS & CHEMS INC | 65000 | $19.2M | 0.17% | +0.8% |
| 83 | PM | PHILIP MORRIS INTL INC | 114500 | $18.2M | 0.16% | — |
| 84 | EFX | EQUIFAX INC | 72850 | $17.7M | 0.16% | — |
| 85 | CCK | CROWN HLDGS INC | 189500 | $16.9M | 0.15% | — |
| 86 | RNR-PG | RENAISSANCERE HLDGS LTD | 70000 | $16.8M | 0.15% | — |
| 87 | COF | Capital One Financial | 91000 | $16.3M | 0.14% | — |
| 88 | BF-B | BROWN FORMAN CORP | 474187 | $16.1M | 0.14% | — |
| 89 | LAMR | LAMAR ADVERTISING CO NEW | 137000 | $15.6M | 0.14% | +10.5% |
| 90 | CHH | CHOICE HOTELS INTL INC | 115500 | $15.3M | 0.14% | — |
| 91 | CARR | CARRIER GLOBAL CORPORATION | 235000 | $14.9M | 0.13% | — |
| 92 | WFC | WELLS FARGO CO NEW | 204450 | $14.7M | 0.13% | — |
| 93 | UNH | UNITEDHEALTH GROUP INC | 28014 | $14.7M | 0.13% | +4.9% |
| 94 | PEP | PEPSICO INC | 96210 | $14.4M | 0.13% | — |
| 95 | SPOT | SPOTIFY TECHNOLOGY S A | 25900 | $14.2M | 0.13% | — |
| 96 | TGT | TARGET CORP | 133000 | $13.9M | 0.12% | — |
| 97 | SEIC | SEI INVTS CO | 173200 | $13.4M | 0.12% | — |
| 98 | MAR | MARRIOTT INTL INC NEW | 52000 | $12.4M | 0.11% | +10.6% |
| 99 | GPK | GRAPHIC PACKAGING HLDG CO | 461225 | $12.0M | 0.11% | +8.0% |
| 100 | OTIS | OTIS WORLDWIDE CORP | 114620 | $11.8M | 0.11% | — |
| 101 | NSP | INSPERITY INC | 131728 | $11.8M | 0.10% | — |
| 102 | KMX | CARMAX INC | 136500 | $10.6M | 0.09% | — |
| 103 | IQV | IQVIA HLDGS INC | 58726 | $10.4M | 0.09% | — |
| 104 | HXL | HEXCEL CORP NEW | 189000 | $10.3M | 0.09% | — |
| 105 | BNY | BANK NEW YORK MELLON CORP | 121500 | $10.2M | 0.09% | — |
| 106 | OI | O-I GLASS INC | 874100 | $10.0M | 0.09% | +6.1% |
| 107 | SHOP | SHOPIFY INC | 102750 | $9.8M | 0.09% | — |
| 108 | HSY | HERSHEY CO | 54500 | $9.3M | 0.08% | +21.1% |
| 109 | SMG | SCOTTS MIRACLE-GRO CO | 168000 | $9.2M | 0.08% | — |
| 110 | UBER | UBER TECHNOLOGIES INC | 122000 | $8.9M | 0.08% | +11.9% |
| 111 | SNEJF | SONY GROUP CORP | 335000 | $8.5M | 0.08% | — |
| 112 | TRU | TRANSUNION | 101050 | $8.4M | 0.07% | — |
| 113 | EMN | EASTMAN CHEM CO | 74950 | $6.6M | 0.06% | — |
| 114 | GHC | GRAHAM HLDGS CO | 5200 | $5.0M | 0.04% | — |
| 115 | CE | CELANESE CORP DEL | 81300 | $4.6M | 0.04% | — |
| 116 | WRB | BERKLEY W R CORP | 60750 | $4.3M | 0.04% | — |
| 117 | FIX | COMFORT SYS USA INC | 13000 | $4.2M | 0.04% | — |
| 118 | HII | HUNTINGTON INGALLS INDS INC | 18000 | $3.7M | 0.03% | 350.0% |
| 119 | CABO | CABLE ONE INC | 11900 | $3.2M | 0.03% | -76.6% |
| 120 | WTW | WILLIS TOWERS WATSON PLC LTD | 8627 | $2.9M | 0.03% | — |
| 121 | BALL | BALL CORP | 51000 | $2.7M | 0.02% | — |
| 122 | AYI | ACUITY BRANDS INC | 9750 | $2.6M | 0.02% | +225.0% |
| 123 | MGM | MGM RESORTS INTERNATIONAL | 85500 | $2.5M | 0.02% | +113.8% |
| 124 | DPZ | DOMINOS PIZZA INC | 5500 | $2.5M | 0.02% | — |
| 125 | CME | CME GROUP INC | 9500 | $2.5M | 0.02% | +216.7% |
| 126 | IT | GARTNER INC | 5700 | $2.4M | 0.02% | — |
| 127 | INTU | INTUIT | 2720 | $1.7M | 0.01% | — |
| 128 | BC | BRUNSWICK CORP | 29500 | $1.6M | 0.01% | +96.7% |
| 129 | CSGP | COSTAR GROUP INC | 18600 | $1.5M | 0.01% | — |
| 130 | CBOE | CBOE GLOBAL MKTS INC | 6000 | $1.4M | 0.01% | NEW |
| 131 | EL | LAUDER ESTEE COS INC | 15000 | $990K | 0.01% | — |
| 132 | ICE | Intercontinental Exchange | 5120 | $883K | 0.01% | — |
| 133 | EXP | EAGLE MATLS INC | 3500 | $777K | 0.01% | NEW |
| 134 | BUDFF | ANHEUSER BUSCH INBEV SA/NV | 11000 | $677K | 0.01% | — |
| 135 | SYY | SYSCO CORP | 9000 | $675K | 0.01% | NEW |