Tom Gayner · Markel Group Inc.
| Period: | Q3 2025 |
| Portfolio date: | Sep 30, 2025 |
| No. of stocks: | 129 |
| Portfolio value: | $12.3B |
Viewing historical Q3 2025 data. Holdings + moves reflect that quarter — not current.← Back to latest
| Stock | % of Portfolio | Recent Activity | Shares | Reported Price * | Value | Current Price | +/- Reported Price | 52 Week Low | 52 Week High |
|---|---|---|---|---|---|---|---|---|---|
| BRK-A · Berkshire Hathaway Inc. Del | 6.82 | 1,114 | $754200.00 | $840,178,800 | $717387.00 | -4.88% | $685150.00 | $779853.00 | |
| BRK-B · Berkshire Hathaway Inc. Del | 6.25 | 1,531,971 | $502.74 | $770,183,100 | $475.94 | -5.33% | $455.19 | $520.30 | |
| GOOG · Alphabet Inc. | 5.44 | 2,749,860 | $243.55 | $669,728,403 | $400.71 | +64.53% | $156.16 | $402.00 | |
| BN · Brookfield Corp. | 4.85 | 8,715,741 | $68.58 | $597,725,518 | $47.08 | -31.35% | $37.54 | $49.57 | |
| AMZN · Amazon Com Inc. | 3.62 | 2,030,760 | $219.57 | $445,893,974 | $272.68 | +24.19% | $196.00 | $278.56 | |
| DE · Deere & Co. | 3.26 | 877,900 | $457.26 | $401,428,555 | $574.84 | +25.71% | $433.00 | $674.19 | |
| HD · Home Depot Inc. | 3.03 | 920,000 | $405.19 | $372,774,800 | $317.45 | -21.65% | $310.40 | $426.75 | |
| V · Visa, Inc. | 2.77 | 999,285 | $341.38 | $341,135,913 | $318.79 | -6.62% | $293.89 | $375.51 | |
| AAPL · Apple Inc. | 2.54 | 1,227,290 | $254.63 | $312,504,852 | $293.26 | +15.17% | $193.46 | $294.76 | |
| ADI · Analog Devices Inc. | 2.33 | 1,167,671 | $245.70 | $286,896,765 | $416.52 | +69.52% | $206.00 | $418.75 | |
| GS · Goldman Sachs Group Inc. | 2.32 | 359,360 | $796.35 | $286,176,338 | $936.48 | +17.60% | $582.50 | $984.70 | |
| MSFT · Microsoft Corp. | 2.24 | Add 0.87% | 532,080 | $517.95 | $275,590,837 | $415.06 | -19.86% | $356.28 | $555.45 |
| BLK · Blackrock Inc. | 2.08 | 220,200 | $1165.87 | $256,724,574 | $1084.83 | -6.95% | $917.39 | $1219.94 | |
| DIS · Disney Walt Co. | 1.89 | 2,031,665 | $114.50 | $232,625,645 | $108.02 | -5.66% | $92.19 | $124.69 | |
| WSO · Watsco Inc. | 1.85 | 565,169 | $404.30 | $228,497,827 | $420.60 | +4.03% | $323.05 | $496.25 | |
| BX · Blackstone Inc. | 1.70 | 1,229,000 | $170.85 | $209,974,651 | $123.77 | -27.56% | $101.73 | $190.09 | |
| META · Meta Platforms, Inc. | 1.67 | 280,281 | $734.38 | $205,832,761 | $609.63 | -16.99% | $520.26 | $796.25 | |
| KKR · Kkr & Co. Inc. | 1.53 | 1,451,800 | $129.95 | $188,661,411 | $102.52 | -21.11% | $82.67 | $153.87 | |
| PGR · Progressive Corp. | 1.51 | 753,750 | $246.95 | $186,138,563 | $194.00 | -21.44% | $191.75 | $289.96 | |
| LPLA · Lpl Finl Hldgs Inc. | 1.49 | Add 1.60% | 553,321 | $332.69 | $184,084,364 | $303.52 | -8.77% | $281.51 | $403.58 |
| LOW · Lowes Cos Inc. | 1.48 | Add 1.32% | 726,730 | $251.31 | $182,634,517 | $229.20 | -8.80% | $210.33 | $293.06 |
| AXP · American Express Co. | 1.31 | 484,250 | $332.16 | $160,848,479 | $316.03 | -4.86% | $281.46 | $387.49 | |
| CAT · Caterpillar Inc. | 1.27 | 328,650 | $477.15 | $156,815,349 | $897.45 | +88.09% | $336.24 | $931.35 | |
| RLI · Rli Corp. | 1.27 | 2,394,544 | $65.22 | $156,172,159 | $49.05 | -24.79% | $48.65 | $77.24 | |
| MRSH · Marsh & Mclennan Cos Inc. | 1.23 | Add 0.83% | 755,000 | $201.53 | $152,155,151 | $163.25 | -18.99% | $162.50 | $235.78 |
| GOOGL · Alphabet Inc. | 1.13 | 572,000 | $243.10 | $139,053,200 | $400.71 | +64.83% | $156.16 | $402.00 | |
| 351858105 · Franco Nev Corp. | 1.10 | Add 6.32% | 605,500 | $222.91 | $134,972,006 | — | — | — | — |
| APO · Apollo Global Mgmt Inc. | 1.10 | 1,012,500 | $133.27 | $134,935,875 | $133.20 | -0.05% | $99.56 | $157.28 | |
| GD · General Dynamics Corp. | 1.08 | 391,000 | $341.00 | $133,331,000 | $346.53 | +1.62% | $267.39 | $369.70 | |
| TXN · Texas Instrs Inc. | 1.08 | 724,000 | $183.73 | $133,020,521 | $287.80 | +56.64% | $152.73 | $292.64 | |
| NVO · Novo-Nordisk A S | 1.07 | Add 4.87% | 2,368,649 | $55.49 | $131,436,333 | $46.07 | -16.98% | $35.12 | $81.44 |
| DEO · Diageo Plc | 1.06 | 1,366,708 | $95.43 | $130,424,943 | $84.30 | -11.66% | $72.45 | $116.41 | |
| 808513105 · Schwab Charles Corp. | 1.06 | 1,364,800 | $95.47 | $130,297,456 | — | — | — | — | |
| BAM · Brookfield Asset Managmt Ltd. | 1.01 | 2,193,953 | $56.94 | $124,923,683 | $49.76 | -12.61% | $42.20 | $64.10 | |
| MA · Mastercard Inc. | 0.96 | 207,540 | $568.81 | $118,050,827 | $495.48 | -12.89% | $480.50 | $601.77 | |
| JNJ · Johnson & Johnson | 0.92 | 610,800 | $185.42 | $113,254,536 | $221.32 | +19.36% | $146.12 | $251.71 | |
| MCO · Moodys Corp. | 0.83 | 213,890 | $476.48 | $101,914,307 | $451.32 | -5.28% | $402.28 | $546.88 | |
| HEI · Heico Corp. New | 0.78 | 379,644 | $254.09 | $96,463,744 | $292.52 | +15.12% | $256.11 | $361.69 | |
| NVR · Nvr Inc. | 0.78 | 11,897 | $8034.66 | $95,588,351 | $5974.07 | -25.65% | $5930.00 | $8618.28 | |
| LIN · Linde Plc | 0.74 | Add 3.35% | 192,850 | $475.00 | $91,603,750 | $493.16 | +3.82% | $387.78 | $521.28 |
| ADM · Archer Daniels Midland Co. | 0.73 | Reduce 4.32% | 1,505,800 | $59.74 | $89,956,492 | $77.66 | +30.00% | $46.81 | $81.75 |
| DG · Dollar Gen Corp. New | 0.73 | 869,250 | $103.35 | $89,836,987 | $113.29 | +9.62% | $86.25 | $158.23 | |
| ROL · Rollins Inc. | 0.70 | Add 0.44% | 1,475,775 | $58.74 | $86,687,025 | $53.83 | -8.36% | $52.32 | $66.14 |
| ITW · Illinois Tool Wks Inc. | 0.69 | 327,500 | $260.76 | $85,398,900 | $254.76 | -2.30% | $238.82 | $303.16 | |
| CG · Carlyle Group Inc. | 0.68 | 1,327,000 | $62.70 | $83,202,900 | $50.63 | -19.25% | $43.19 | $69.85 | |
| MSCI · Msci Inc. | 0.66 | 142,850 | $567.41 | $81,054,519 | $585.42 | +3.17% | $501.08 | $626.28 | |
| JPM · Jpmorgan Chase & Co. | 0.65 | 252,550 | $315.43 | $79,661,847 | $302.10 | -4.23% | $256.00 | $337.25 | |
| NSC · Norfolk Southn Corp. | 0.63 | Add 8.46% | 256,500 | $300.41 | $77,055,165 | $312.01 | +3.86% | $232.36 | $323.37 |
| ECL · Ecolab Inc. | 0.61 | 274,300 | $273.86 | $75,119,798 | $254.22 | -7.17% | $249.04 | $309.27 | |
| SPGI · S&P Global Inc. | 0.60 | 150,690 | $486.71 | $73,342,330 | $420.12 | -13.68% | $381.61 | $579.05 | |
| ITIC · Investors Title Co. Nc | 0.46 | 213,300 | $267.83 | $57,128,139 | $238.30 | -11.03% | $190.20 | $288.98 | |
| ROK · Rockwell Automation Inc. | 0.44 | 154,900 | $349.53 | $54,142,197 | $453.89 | +29.86% | $298.70 | $463.49 | |
| SBUX · Starbucks Corp. | 0.43 | 623,818 | $84.60 | $52,775,003 | $104.93 | +24.03% | $77.99 | $107.55 | |
| THG · Hanover Ins Group Inc. | 0.41 | 281,000 | $181.63 | $51,038,030 | $189.14 | +4.13% | $160.70 | $191.66 | |
| ODFL · Old Dominion Freight Line In | 0.41 | Add 4.76% | 358,750 | $140.78 | $50,504,825 | $198.33 | +40.88% | $126.01 | $233.79 |
| FDX · Fedex Corp. | 0.41 | 213,000 | $235.81 | $50,227,530 | $378.58 | +60.54% | $214.35 | $404.03 | |
| AON · Aon Plc | 0.38 | 129,800 | $356.58 | $46,284,084 | $312.79 | -12.28% | $304.59 | $381.00 | |
| TSN · Tyson Foods Inc. | 0.37 | Add 3.98% | 848,500 | $54.30 | $46,073,550 | $68.38 | +25.93% | $50.56 | $69.48 |
| G1151C101 · Accenture Plc Ireland | 0.32 | 159,400 | $246.60 | $39,308,040 | — | — | — | — | |
| VRSK · Verisk Analytics Inc. | 0.32 | 155,950 | $251.51 | $39,222,985 | $171.87 | -31.66% | $161.70 | $322.92 | |
| RTX · Rtx Corp. | 0.30 | 224,000 | $167.33 | $37,481,920 | $176.09 | +5.24% | $127.39 | $214.50 | |
| HGTY · Hagerty Inc. | 0.30 | 3,108,000 | $12.05 | $37,451,400 | $10.06 | -16.51% | $8.81 | $14.00 | |
| COST · Costco Wholesale Corp. | 0.29 | 39,150 | $925.63 | $36,238,414 | $1008.79 | +8.98% | $844.06 | $1067.08 | |
| YUM · Yum Brands Inc. | 0.28 | 226,451 | $152.00 | $34,420,552 | $151.95 | -0.03% | $137.33 | $169.39 | |
| FDS · Factset Resh Sys Inc. | 0.27 | 116,720 | $286.49 | $33,439,113 | $223.61 | -21.95% | $185.00 | $474.79 | |
| ALL · Allstate Corp. | 0.27 | 154,550 | $214.65 | $33,174,158 | $213.15 | -0.70% | $188.08 | $222.23 | |
| FERG · Ferguson Enterprises | 0.27 | Add 9.29% | 147,000 | $224.58 | $33,013,260 | $241.34 | +7.46% | $173.53 | $271.64 |
| SHW · Sherwin Williams Co. | 0.26 | 94,172 | $346.26 | $32,607,997 | $316.82 | -8.50% | $301.58 | $379.65 | |
| TROW · Price T Rowe Group Inc. | 0.26 | 314,000 | $102.64 | $32,228,960 | $105.33 | +2.62% | $85.22 | $118.22 | |
| HCA · Hca Healthcare Inc. | 0.26 | Add 9.06% | 75,213 | $426.20 | $32,055,781 | $435.19 | +2.11% | $330.00 | $556.52 |
| NKE · Nike Inc. | 0.25 | 447,400 | $69.73 | $31,197,202 | $44.14 | -36.70% | $42.09 | $80.17 | |
| LMT · Lockheed Martin Corp. | 0.25 | 62,263 | $499.21 | $31,082,313 | $506.51 | +1.46% | $410.11 | $692.00 | |
| CMCSA · Comcast Corp. Cl A | 0.25 | 961,880 | $31.42 | $30,222,270 | $25.39 | -19.18% | $24.13 | $34.36 | |
| 907818108 · Union Pac Corp. | 0.24 | Add 30.33% | 126,778 | $236.37 | $29,966,516 | — | — | — | — |
| URI · United Rentals Inc. | 0.24 | 31,150 | $954.66 | $29,737,659 | $937.00 | -1.85% | $681.98 | $1021.47 | |
| ABNB · Airbnb Inc. | 0.22 | Add 7.14% | 227,133 | $121.42 | $27,578,489 | $141.49 | +16.53% | $110.81 | $147.25 |
| TMO · Thermo Fisher Scientific Inc. | 0.22 | Add 12.61% | 55,800 | $485.02 | $27,064,116 | $465.00 | -4.13% | $385.46 | $643.99 |
| CSCO · Cisco Sys Inc. | 0.20 | Add 1.72% | 355,500 | $68.42 | $24,323,310 | $96.57 | +41.14% | $60.85 | $97.02 |
| BF-A · Brown Forman Corp. | 0.18 | 843,000 | $26.91 | $22,685,131 | $28.36 | +5.39% | $23.01 | $35.96 | |
| LAMR · Lamar Advertising Co. New | 0.17 | Add 7.59% | 170,000 | $122.42 | $20,811,400 | $157.93 | +29.01% | $113.05 | $158.69 |
| COF · Capital One Financial | 0.16 | 91,000 | $212.58 | $19,344,780 | $189.48 | -10.87% | $174.98 | $259.64 | |
| MAR · Marriott Intl Inc. New | 0.15 | Add 21.58% | 73,250 | $260.44 | $19,077,230 | $353.18 | +35.61% | $253.56 | $380.00 |
| PAYX · Paychex Inc. | 0.15 | 150,000 | $126.76 | $19,014,000 | $93.93 | -25.90% | $85.45 | $161.24 | |
| EFX · Equifax Inc. | 0.15 | 72,850 | $256.53 | $18,688,211 | $175.83 | -31.46% | $166.02 | $281.03 | |
| PM · Philip Morris Intl Inc. | 0.15 | 114,500 | $162.20 | $18,571,900 | $170.99 | +5.42% | $142.11 | $191.30 | |
| CCK · Crown Hldgs Inc. | 0.15 | 189,500 | $96.59 | $18,303,805 | $101.19 | +4.76% | $89.21 | $116.62 | |
| SPOT · Spotify Technology S A | 0.15 | 25,900 | $698.00 | $18,078,200 | $417.83 | -40.14% | $405.00 | $785.00 | |
| RNR · Renaissancere Hldgs Ltd. | 0.14 | 70,000 | $253.93 | $17,775,100 | $300.16 | +18.21% | $231.17 | $318.20 | |
| APD · Air Prods & Chems Inc. | 0.14 | 65,000 | $272.72 | $17,726,800 | $295.41 | +8.32% | $229.11 | $307.29 | |
| WFC · Wells Fargo Co. New | 0.14 | 204,450 | $83.82 | $17,136,999 | $75.64 | -9.76% | $71.90 | $97.76 | |
| SHOP · Shopify Inc. | 0.12 | 102,750 | $148.61 | $15,269,678 | $110.50 | -25.64% | $99.01 | $182.19 | |
| 784117103 · Sei Invts Co. | 0.12 | 173,200 | $84.85 | $14,696,020 | — | — | — | — | |
| CARR · Carrier Global Corporation | 0.11 | 235,000 | $59.70 | $14,029,500 | $66.83 | +11.94% | $50.24 | $81.09 | |
| PEP · Pepsico Inc. | 0.11 | 96,210 | $140.44 | $13,511,732 | $154.62 | +10.10% | $127.60 | $171.48 | |
| BK · Bank New York Mellon Corp. | 0.11 | 121,500 | $108.96 | $13,238,640 | $130.50 | +19.77% | $86.52 | $139.15 | |
| BF-A · Brown Forman Corp. | 0.10 | 474,187 | $27.08 | $12,840,984 | $28.36 | +4.73% | $23.01 | $35.96 | |
| CHH · Choice Hotels Intl Inc. | 0.10 | 115,500 | $106.91 | $12,348,105 | — | — | — | — | |
| UBER · Uber Technologies Inc. | 0.10 | 123,500 | $97.97 | $12,099,295 | $75.45 | -22.99% | $68.46 | $101.99 | |
| TGT · Target Corp. | 0.10 | 133,000 | $89.70 | $11,930,100 | $125.25 | +39.63% | $83.44 | $133.10 | |
| HXL · Hexcel Corp. New | 0.10 | 189,000 | $62.70 | $11,850,300 | $95.32 | +52.03% | $50.54 | $98.26 |
* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held. Price columns + 52-week range are placeholders pending v2 price-data feed.
Sector % analysis
10 sectors represented
Whales with similar holdings to Tom Gayner
Ranked by number of overlapping positions in current portfolios
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★ WatchlistData from SEC EDGAR · whalstreet.com