Question 1

What stocks did Tom Gayner sell this quarter?

Accepted Answer

In the Q2 '26 13F filing, Tom Gayner fully exited 2 positions and reduced 4 existing holdings. Combined sell footprint: approximately $33.4M based on prior-quarter values.

Question 2

What was Tom Gayner's biggest sell?

Accepted Answer

Tom Gayner's largest fully-exited position in the Q2 '26 filing was SCOTTS MIRACLE-GRO CO (SMG), previously worth $10.2M.

Question 3

How are these "sells" calculated?

Accepted Answer

Sells are derived from quarter-over-quarter changes in 13F filings. SOLD positions appeared in the prior filing but not the current one; REDUCED positions are existing holdings where share count fell. Note: 13F filings only cover long U.S. equity positions, so apparent "sells" could be short-side hedges or moves to other instruments.

Ticker	Company	Prev Shares	Prev Value	Prev % Portfolio
SMG	SCOTTS MIRACLE-GRO CO	168000	$10.2M	0.09%
UNH	UNITEDHEALTH GROUP INC	18700	$5.1M	0.04%

Ticker	Company	Shares Now	Value Now	% Portfolio	Change
META	META PLATFORMS INC	234163	$131.9M	1.00%	-5.7%
MELI	MERCADOLIBRE INC	24000	$40.7M	0.31%	340.4%
CMCSA	Comcast Corporation	802074	$19.7M	0.15%	-16.6%
WY	WEYERHAEUSER CO	120000	$2.9M	0.02%	585.7%

Tom Gayner — Recent Sells

Fully exited (2)

Reduced positions (4)