Great investors · Tom Gayner · Q2 2026
What Tom Gayner bought and sold in Q2 2026
Markel Group 13F portfolio as of Jun 30, 2026: 130 positions worth $13.1 bn. Largest: BRK/A, GOOG, DE, BN. Filed with the SEC on Jul 31, 2026.
The 13F is filed by Markel Group, not by Tom Gayner personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q2 2026
No purchase of 0.5 points of the portfolio or more this quarter.
Sells in Q2 2026
No sale of 0.5 points of the portfolio or more this quarter.
Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Markel Group's Q2 2026 13F lists 130 lines of US-listed securities worth $13.1 bn; the largest is GOOG at 7.40% of the portfolio. It was accepted by the SEC on Jul 31, 2026 at 4:55 PM ET.
Against the previous quarter, it opened 3 positions (ZTS, NFLX and UFPI), closed 2 (SMG and UNH), added to 20 (MELI, EPD, WY and FNV and 16 more) and trimmed 3 (ADI, META and CMCSA). 104 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Alphabet GOOG | 2.7 M | $972M | 7.40% | no change |
| 2 | Berkshire Hathaway BRK/A | 1,114 | $834M | 6.35% | no change |
| 3 | Berkshire Hathaway BRK/B | 1.5 M | $767M | 5.84% | no change |
| 4 | Deere DE | 877,900 | $557M | 4.24% | no change |
| 5 | Brookfield BN | 13.1 M | $557M | 4.24% | no change |
| 6 | Amazon.com AMZN | 2.0 M | $484M | 3.69% | no change |
| 7 | Analog Devices ADI | 999,671 | $397M | 3.02% | −2.3% |
| 8 | Goldman Sachs Group GS | 359,360 | $363M | 2.77% | no change |
| 9 | Apple AAPL | 1.2 M | $355M | 2.70% | no change |
| 10 | Caterpillar CAT | 328,650 | $350M | 2.67% | no change |
| 11 | Visa V | 1.0 M | $348M | 2.65% | no change |
| 12 | Home Depot HD | 922,500 | $325M | 2.48% | no change |
| 13 | Watsco WSO | 597,750 | $249M | 1.90% | +2.7% |
| 14 | Texas Instruments TXN | 724,000 | $216M | 1.64% | no change |
| 15 | BlackRock BLK | 220,200 | $212M | 1.61% | no change |
| 16 | Alphabet GOOGL | 572,000 | $204M | 1.56% | no change |
| 17 | Microsoft MSFT | 537,630 | $201M | 1.53% | no change |
| 18 | Walt Disney DIS | 2.0 M | $196M | 1.49% | no change |
| 19 | American Express AXP | 490,450 | $166M | 1.26% | no change |
| 20 | Lowe's LOW | 751,980 | $166M | 1.26% | +1.8% |
| 21 | Progressive PGR | 753,750 | $165M | 1.25% | no change |
| 22 | Franco Nevada FNV | 773,500 | $161M | 1.23% | +9.2% |
| 23 | LPL Financial Holdings LPLA | 559,951 | $158M | 1.20% | no change |
| 24 | Johnson & Johnson JNJ | 610,800 | $155M | 1.18% | no change |
| 25 | Blackstone BX | 1.2 M | $145M | 1.10% | no change |
| 26 | RLI RLI | 2.4 M | $141M | 1.08% | no change |
| 27 | General Dynamics GD | 391,000 | $139M | 1.05% | no change |
| 28 | Novo Nordisk A/s NVO | 2.9 M | $138M | 1.05% | no change |
| 29 | KKR KKR | 1.5 M | $133M | 1.01% | no change |
| 30 | Meta Platforms META | 234,163 | $132M | 1.00% | −5.7% |
| 31 | Charles Schwab SCHW | 1.4 M | $129M | 0.98% | no change |
| 32 | Marsh & Mclennan Companies MRSH | 763,500 | $127M | 0.97% | no change |
| 33 | Apollo Global Management APO | 1.0 M | $120M | 0.91% | no change |
| 34 | Archer-Daniels-Midland ADM | 1.5 M | $115M | 0.88% | no change |
| 35 | Linde LIN | 215,600 | $112M | 0.85% | +5.4% |
| 36 | Diageo DEO | 1.4 M | $110M | 0.84% | no change |
| 37 | Mastercard MA | 207,540 | $107M | 0.81% | no change |
| 38 | Dollar General DG | 869,250 | $100M | 0.76% | no change |
| 39 | Brookfield Asset Management BAM | 2.2 M | $98.4M | 0.75% | no change |
| 40 | Heico HEI/A | 379,644 | $97.9M | 0.75% | no change |
| 41 | Moody's MCO | 213,890 | $96.9M | 0.74% | no change |
| 42 | Old Dominion Freight Line ODFL | 429,150 | $93.0M | 0.71% | no change |
| 43 | Norfolk Southern NSC | 282,500 | $88.9M | 0.68% | no change |
| 44 | Illinois Tool Works ITW | 327,500 | $88.6M | 0.67% | no change |
| 45 | JPMorgan Chase JPM | 252,550 | $82.7M | 0.63% | no change |
| 46 | NVR NVR | 12,097 | $82.4M | 0.63% | no change |
| 47 | MSCI MSCI | 142,850 | $80.0M | 0.61% | no change |
| 48 | Rockwell Automation ROK | 154,900 | $76.7M | 0.58% | no change |
| 49 | Ecolab ECL | 274,300 | $76.4M | 0.58% | no change |
| 50 | Sunbelt Rentals Holdings SUNB | 974,361 | $72.9M | 0.56% | +1.1% |
| 51 | Starbucks SBUX | 623,818 | $63.7M | 0.49% | no change |
| 52 | Rollins ROL | 1.5 M | $63.3M | 0.48% | +1.2% |
| 53 | Hanover Insurance Group THG | 281,000 | $60.2M | 0.46% | no change |
| 54 | Investors Title ITIC | 213,300 | $58.4M | 0.44% | no change |
| 55 | Carlyle Group CG | 1.3 M | $55.9M | 0.43% | no change |
| 56 | Tyson Foods TSN | 913,500 | $52.3M | 0.40% | +2.7% |
| 57 | S&P Global SPGI | 117,690 | $47.9M | 0.37% | no change |
| 58 | Aon AON | 135,800 | $45.0M | 0.34% | no change |
| 59 | Union Pacific UNP | 161,028 | $43.8M | 0.33% | +7.2% |
| 60 | Ferguson Enterprises FERG | 180,200 | $42.8M | 0.33% | +5.6% |
| 61 | RTX RTX | 224,000 | $42.5M | 0.32% | no change |
| 62 | Cisco Systems CSCO | 355,500 | $41.8M | 0.32% | no change |
| 63 | MercadoLibre MELI | 24,000 | $40.7M | 0.31% | +340% |
| 64 | Yum! Brands YUM | 245,213 | $39.2M | 0.30% | no change |
| 65 | Marriott International MAR | 99,500 | $36.9M | 0.28% | +6.1% |
| 66 | Allstate ALL | 154,550 | $36.8M | 0.28% | no change |
| 67 | Thermo Fisher Scientific TMO | 73,100 | $36.6M | 0.28% | +8.9% |
| 68 | Costco Wholesale COST | 39,150 | $36.6M | 0.28% | no change |
| 69 | Hagerty HGTY | 3.1 M | $35.9M | 0.27% | no change |
| 70 | T. Rowe Price TROW | 314,000 | $35.7M | 0.27% | no change |
| 71 | United Rentals URI | 31,150 | $35.3M | 0.27% | no change |
| 72 | Airbnb ABNB | 242,389 | $34.7M | 0.26% | no change |
| 73 | Lockheed Martin LMT | 65,213 | $33.2M | 0.25% | no change |
| 74 | HCA Healthcare HCA | 84,366 | $32.9M | 0.25% | +2.3% |
| 75 | Sherwin-williams SHW | 94,172 | $32.4M | 0.25% | no change |
| 76 | Factset Research Systems FDS | 135,376 | $31.1M | 0.24% | no change |
| 77 | Lamar Advertising LAMR | 193,000 | $30.1M | 0.23% | no change |
| 78 | Verisk Analytics VRSK | 155,950 | $28.0M | 0.21% | no change |
| 79 | CSX CSX | 584,500 | $27.8M | 0.21% | +10% |
| 80 | Applied Materials AMAT | 36,350 | $26.3M | 0.20% | no change |
| 81 | Air Products and Chemicals APD | 88,500 | $25.9M | 0.20% | +17% |
| 82 | Comfort Systems USA FIX | 13,000 | $25.8M | 0.20% | no change |
| 83 | Crown Holdings CCK | 220,000 | $24.6M | 0.19% | no change |
| 84 | Brown Forman BF/A | 843,000 | $23.1M | 0.18% | no change |
| 85 | Renaissancere Holdings RNR | 70,000 | $22.2M | 0.17% | no change |
| 86 | Enterprise Products Partners EPD | 569,000 | $20.9M | 0.16% | +182% |
| 87 | Philip Morris International PM | 114,500 | $20.7M | 0.16% | no change |
| 88 | Accenture ACN | 159,400 | $19.8M | 0.15% | no change |
| 89 | Comcast CMCSA | 802,074 | $19.7M | 0.15% | −17% |
| 90 | Hexcel HXL | 189,000 | $18.9M | 0.14% | no change |
| 91 | Nike NKE | 447,400 | $18.4M | 0.14% | no change |
| 92 | Capital One Financial COF | 91,000 | $18.3M | 0.14% | no change |
| 93 | Bank of New York Mellon BNY | 124,500 | $18.0M | 0.14% | no change |
| 94 | Carrier Global CARR | 235,000 | $17.2M | 0.13% | no change |
| 95 | Wells Fargo WFC | 204,450 | $16.9M | 0.13% | no change |
| 96 | SEI Investments SEIC | 173,200 | $15.2M | 0.12% | no change |
| 97 | Paychex PAYX | 150,000 | $14.7M | 0.11% | no change |
| 98 | Hershey HSY | 75,000 | $13.2M | 0.10% | no change |
| 99 | Pepsico PEP | 96,210 | $13.0M | 0.10% | no change |
| 100 | Brown Forman BF/B | 474,187 | $12.6M | 0.10% | no change |
The 100 largest lines are shown. The other 30 add up to 1.41% of the portfolio; full 13F of Markel Group →
Positions it closed (2)
- Scotts Miracle-Gro SMGwas 0.09% · 168,000 shares
- UnitedHealth Group UNHwas 0.04% · 18,700 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Markel Group's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.