What Tom Gayner Bought in Q2 2025
Markel Group · Quarterly 13F recap as filed with the SEC.
Period: 2025-06-30 · Filed · Historical
$11.83B
Total Value
137
Holdings
3
New Buys
9
Reduced
In Q2 2025, Tom Gayner reported 137 long equity positions worth $11.83B in their Markel Group 13F filing, including 3 new positions (largest: ADOBE INC at $5.4M) and 34 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | BRK.A | Berkshire Hathaway Inc. Class A | 1114 | $811.9M | 6.86% | — |
| 2 | BRK.B | Berkshire Hathaway Inc. Class B | 1531971 | $744.2M | 6.29% | — |
| 3 | BN | BROOKFIELD CORP | 8715741 | $539.1M | 4.56% | — |
| 4 | GOOG | ALPHABET INC | 2749860 | $487.8M | 4.12% | — |
| 5 | DE | DEERE & CO | 877900 | $446.4M | 3.77% | +0.0% |
| 6 | AMZN | AMAZON COM INC | 2030760 | $445.5M | 3.77% | — |
| 7 | V | VISA INC | 999285 | $354.8M | 3.00% | — |
| 8 | HD | HOME DEPOT INC | 920000 | $337.3M | 2.85% | — |
| 9 | ADI | ANALOG DEVICES INC | 1167671 | $277.9M | 2.35% | — |
| 10 | MSFT | MICROSOFT CORP | 527480 | $262.4M | 2.22% | +0.9% |
| 11 | GS | GOLDMAN SACHS GROUP INC | 359360 | $254.3M | 2.15% | — |
| 12 | DIS | DISNEY WALT CO | 2031665 | $251.9M | 2.13% | — |
| 13 | AAPL | APPLE INC | 1227290 | $251.8M | 2.13% | — |
| 14 | WSO | WATSCO INC | 565169 | $249.6M | 2.11% | -4.3% |
| 15 | BLK | BLACKROCK INC | 220200 | $231.0M | 1.95% | — |
| 16 | META | META PLATFORMS INC | 280281 | $206.9M | 1.75% | +0.1% |
| 17 | LPLA | LPL FINL HLDGS INC | 544604 | $204.2M | 1.73% | +1.0% |
| 18 | PGR | PROGRESSIVE CORP | 753750 | $201.1M | 1.70% | — |
| 19 | KKR | KKR & CO INC | 1451800 | $193.1M | 1.63% | — |
| 20 | BX | BLACKSTONE INC | 1229000 | $183.8M | 1.55% | — |
| 21 | RLI | RLI CORP | 2394544 | $172.9M | 1.46% | — |
| 22 | MRSH | MARSH & MCLENNAN COS INC | 748750 | $163.7M | 1.38% | +0.7% |
| 23 | LOW | LOWES COS INC | 717230 | $159.1M | 1.35% | +1.3% |
| 24 | NVO | NOVO-NORDISK A S | 2258588 | $155.9M | 1.32% | +5.1% |
| 25 | AXP | AMERICAN EXPRESS CO | 484250 | $154.5M | 1.31% | — |
| 26 | TXN | TEXAS INSTRS INC | 724000 | $150.3M | 1.27% | — |
| 27 | APO | APOLLO GLOBAL MGMT INC | 1012500 | $143.6M | 1.21% | — |
| 28 | DEO | DIAGEO PLC | 1366708 | $137.8M | 1.17% | — |
| 29 | CAT | CATERPILLAR INC | 328650 | $127.6M | 1.08% | +0.2% |
| 30 | SCHW | SCHWAB CHARLES CORP | 1364800 | $124.5M | 1.05% | — |
| 31 | BAM | BROOKFIELD ASSET MANAGMT LTD | 2193953 | $121.3M | 1.03% | — |
| 32 | MA | MASTERCARD INCORPORATED | 207540 | $116.6M | 0.99% | — |
| 33 | GD | GENERAL DYNAMICS CORP | 391000 | $114.0M | 0.96% | — |
| 34 | MCO | MOODYS CORP | 213890 | $107.3M | 0.91% | — |
| 35 | GOOGL | ALPHABET INC | 572000 | $100.8M | 0.85% | +2.7% |
| 36 | DG | DOLLAR GEN CORP NEW | 869250 | $99.4M | 0.84% | — |
| 37 | HEI-A | HEICO CORP NEW | 379644 | $98.2M | 0.83% | — |
| 38 | FNV | FRANCO NEV CORP | 569500 | $93.4M | 0.79% | +8.4% |
| 39 | JNJ | JOHNSON & JOHNSON | 610800 | $93.3M | 0.79% | — |
| 40 | NVR | NVR INC | 11897 | $87.9M | 0.74% | +0.1% |
| 41 | LIN | LINDE PLC | 186600 | $87.5M | 0.74% | +3.1% |
| 42 | ADM | ARCHER DANIELS MIDLAND CO | 1573800 | $83.1M | 0.70% | +1.5% |
| 43 | ROL | ROLLINS INC | 1469275 | $82.9M | 0.70% | +0.5% |
| 44 | MSCI | MSCI INC | 142850 | $82.4M | 0.70% | — |
| 45 | ITW | ILLINOIS TOOL WKS INC | 327500 | $81.0M | 0.68% | — |
| 46 | SPGI | S&P GLOBAL INC | 150690 | $79.5M | 0.67% | — |
| 47 | ECL | ECOLAB INC | 274300 | $73.9M | 0.62% | — |
| 48 | JPM | JPMORGAN CHASE & CO. | 252550 | $73.2M | 0.62% | — |
| 49 | CG | Carlyle Group | 1327000 | $68.2M | 0.58% | — |
| 50 | NSC | NORFOLK SOUTHN CORP | 236500 | $60.5M | 0.51% | +3.1% |
| 51 | SBUX | STARBUCKS CORP | 623818 | $57.2M | 0.48% | — |
| 52 | ODFL | OLD DOMINION FREIGHT LINE IN | 342450 | $55.6M | 0.47% | +9.3% |
| 53 | FDS | FACTSET RESH SYS INC | 116720 | $52.2M | 0.44% | — |
| 54 | ROK | ROCKWELL AUTOMATION INC | 154900 | $51.5M | 0.44% | — |
| 55 | VRSK | VERISK ANALYTICS INC | 155950 | $48.6M | 0.41% | — |
| 56 | FDX | FEDEX CORP | 213000 | $48.4M | 0.41% | — |
| 57 | THG | HANOVER INS GROUP INC | 281000 | $47.7M | 0.40% | +0.4% |
| 58 | ACN | ACCENTURE PLC IRELAND | 159400 | $47.6M | 0.40% | — |
| 59 | AON | AON PLC | 129800 | $46.3M | 0.39% | +0.3% |
| 60 | TSN | TYSON FOODS INC | 816000 | $45.6M | 0.39% | +2.2% |
| 61 | ITIC | INVESTORS TITLE CO NC | 213300 | $45.1M | 0.38% | — |
| 62 | COST | COSTCO WHSL CORP NEW | 39150 | $38.8M | 0.33% | — |
| 63 | CMCSA | Comcast Corporation | 961880 | $34.3M | 0.29% | — |
| 64 | YUM | YUM BRANDS INC | 226451 | $33.6M | 0.28% | +0.4% |
| 65 | RTX | RTX CORPORATION | 224000 | $32.7M | 0.28% | — |
| 66 | SHW | SHERWIN WILLIAMS CO | 94172 | $32.3M | 0.27% | — |
| 67 | NKE | NIKE INC | 447400 | $31.8M | 0.27% | +0.4% |
| 68 | HGTY | HAGERTY INC | 3108000 | $31.4M | 0.27% | — |
| 69 | ALL-PJ | ALLSTATE CORP | 154550 | $31.1M | 0.26% | — |
| 70 | TROW | PRICE T ROWE GROUP INC | 314000 | $30.3M | 0.26% | — |
| 71 | FERG | FERGUSON ENTERPRISES INC | 134500 | $29.3M | 0.25% | +9.3% |
| 72 | LMT | LOCKHEED MARTIN CORP | 62263 | $28.8M | 0.24% | +1.3% |
| 73 | ABNB | AIRBNB INC | 212003 | $28.1M | 0.24% | +15.3% |
| 74 | HCA | HCA HEALTHCARE INC | 68963 | $26.4M | 0.22% | +11.2% |
| 75 | CSCO | CISCO SYS INC | 349500 | $24.2M | 0.21% | +2.2% |
| 76 | URI | UNITED RENTALS INC | 31150 | $23.5M | 0.20% | — |
| 77 | BF-B | BROWN FORMAN CORP | 843000 | $23.2M | 0.20% | — |
| 78 | UNP | UNION PAC CORP | 97278 | $22.4M | 0.19% | +13.4% |
| 79 | PAYX | PAYCHEX INC | 150000 | $21.8M | 0.18% | — |
| 80 | PM | PHILIP MORRIS INTL INC | 114500 | $20.9M | 0.18% | — |
| 81 | TMO | THERMO FISHER SCIENTIFIC INC | 49550 | $20.1M | 0.17% | +10.1% |
| 82 | SPOT | SPOTIFY TECHNOLOGY S A | 25900 | $19.9M | 0.17% | — |
| 83 | CCK | CROWN HLDGS INC | 189500 | $19.5M | 0.16% | — |
| 84 | COF | Capital One Financial | 91000 | $19.4M | 0.16% | — |
| 85 | LAMR | LAMAR ADVERTISING CO NEW | 158000 | $19.2M | 0.16% | +15.3% |
| 86 | EFX | EQUIFAX INC | 72850 | $18.9M | 0.16% | — |
| 87 | APD | AIR PRODS & CHEMS INC | 65000 | $18.3M | 0.16% | — |
| 88 | MMM | 3M CO | 118250 | $18.0M | 0.15% | -59.7% |
| 89 | CARR | CARRIER GLOBAL CORPORATION | 235000 | $17.2M | 0.15% | — |
| 90 | RNR-PG | RENAISSANCERE HLDGS LTD | 70000 | $17.0M | 0.14% | — |
| 91 | MAR | MARRIOTT INTL INC NEW | 60250 | $16.5M | 0.14% | +15.9% |
| 92 | WFC | WELLS FARGO CO NEW | 204450 | $16.4M | 0.14% | — |
| 93 | SEIC | SEI INVTS CO | 173200 | $15.6M | 0.13% | — |
| 94 | CHH | CHOICE HOTELS INTL INC | 115500 | $14.7M | 0.12% | — |
| 95 | TGT | TARGET CORP | 133000 | $13.1M | 0.11% | — |
| 96 | BF-B | BROWN FORMAN CORP | 474187 | $12.8M | 0.11% | — |
| 97 | PEP | PEPSICO INC | 96210 | $12.7M | 0.11% | — |
| 98 | SHOP | SHOPIFY INC | 102750 | $11.9M | 0.10% | — |
| 99 | UBER | UBER TECHNOLOGIES INC | 123500 | $11.5M | 0.10% | +1.2% |
| 100 | OTIS | OTIS WORLDWIDE CORP | 114620 | $11.3M | 0.10% | — |
| 101 | SMG | SCOTTS MIRACLE-GRO CO | 168000 | $11.1M | 0.09% | — |
| 102 | BNY | BANK NEW YORK MELLON CORP | 121500 | $11.1M | 0.09% | — |
| 103 | HXL | HEXCEL CORP NEW | 189000 | $10.7M | 0.09% | — |
| 104 | KMX | CARMAX INC | 136500 | $9.2M | 0.08% | — |
| 105 | HSY | HERSHEY CO | 54500 | $9.0M | 0.08% | — |
| 106 | TRU | TRANSUNION | 101050 | $8.9M | 0.08% | — |
| 107 | SNEJF | SONY GROUP CORP | 335000 | $8.7M | 0.07% | — |
| 108 | UNH | UNITEDHEALTH GROUP INC | 26500 | $8.3M | 0.07% | -5.4% |
| 109 | NSP | INSPERITY INC | 131728 | $7.9M | 0.07% | — |
| 110 | IQV | IQVIA HLDGS INC | 49642 | $7.8M | 0.07% | -15.5% |
| 111 | OI | O-I GLASS INC | 473700 | $7.0M | 0.06% | -45.8% |
| 112 | FIX | COMFORT SYS USA INC | 13000 | $7.0M | 0.06% | — |
| 113 | CME | CME GROUP INC | 22500 | $6.2M | 0.05% | 136.8% |
| 114 | EMN | EASTMAN CHEM CO | 74950 | $5.6M | 0.05% | — |
| 115 | ADBE | ADOBE INC | 14000 | $5.4M | 0.05% | NEW |
| 116 | HII | HUNTINGTON INGALLS INDS INC | 20500 | $4.9M | 0.04% | +13.9% |
| 117 | GHC | GRAHAM HLDGS CO | 5200 | $4.9M | 0.04% | — |
| 118 | CE | CELANESE CORP DEL | 81300 | $4.5M | 0.04% | — |
| 119 | WRB | BERKLEY W R CORP | 60750 | $4.5M | 0.04% | — |
| 120 | CBOE | CBOE GLOBAL MKTS INC | 19000 | $4.4M | 0.04% | 216.7% |
| 121 | GPK | GRAPHIC PACKAGING HLDG CO | 174000 | $3.7M | 0.03% | -62.3% |
| 122 | AMAT | APPLIED MATLS INC | 16500 | $3.0M | 0.03% | NEW |
| 123 | MGM | MGM RESORTS INTERNATIONAL | 87500 | $3.0M | 0.03% | +2.3% |
| 124 | AYI | ACUITY INC | 9750 | $2.9M | 0.02% | — |
| 125 | BALL | BALL CORP | 51000 | $2.9M | 0.02% | — |
| 126 | WTW | WILLIS TOWERS WATSON PLC LTD | 8627 | $2.6M | 0.02% | — |
| 127 | DPZ | DOMINOS PIZZA INC | 5500 | $2.5M | 0.02% | — |
| 128 | IT | GARTNER INC | 5700 | $2.3M | 0.02% | — |
| 129 | INTU | INTUIT | 2720 | $2.1M | 0.02% | — |
| 130 | CSX | CSX CORP | 65000 | $2.1M | 0.02% | NEW |
| 131 | EXP | EAGLE MATLS INC | 9000 | $1.8M | 0.02% | +157.1% |
| 132 | SYY | SYSCO CORP | 24000 | $1.8M | 0.02% | 166.7% |
| 133 | BC | BRUNSWICK CORP | 29500 | $1.6M | 0.01% | — |
| 134 | CSGP | COSTAR GROUP INC | 18600 | $1.5M | 0.01% | — |
| 135 | EL | LAUDER ESTEE COS INC | 15000 | $1.2M | 0.01% | — |
| 136 | ICE | Intercontinental Exchange | 5120 | $939K | 0.01% | — |
| 137 | BUDFF | ANHEUSER BUSCH INBEV SA/NV | 11000 | $756K | 0.01% | — |