Great investors · Tom Gayner · Q3 2026
What Tom Gayner bought and sold in Q3 2026
Markel Group 13F portfolio as of Sep 30, 2026: 145 positions worth $12.8 bn. Largest: BRK/A, GOOG, DE, AMZN. Filed with the SEC on Oct 30, 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 Q3 2026
No purchase of 0.5 points of the portfolio or more this quarter.
Sells in Q3 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 Q3 2026 13F lists 145 lines of US-listed securities worth $12.8 bn; the largest is GOOG at 7.30% of the portfolio. It was accepted by the SEC on Oct 30, 2026 at 4:34 PM ET.
Against the previous quarter, it opened 16 positions (ZBRA, MBGL, SLAB and TYL and 12 more), closed 1 (BRO), added to 22 (ZTS, WSO, FNV and NFLX and 18 more) and trimmed 7 (GOOGL, META, DE and ABNB and 3 more). 100 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Alphabet GOOG | 2.7 M | $937M | 7.30% | no change |
| 2 | Berkshire Hathaway BRK/A | 1,114 | $832M | 6.48% | no change |
| 3 | Berkshire Hathaway BRK/B | 1.5 M | $763M | 5.94% | no change |
| 4 | Deere DE | 861,150 | $578M | 4.50% | −1.9% |
| 5 | Amazon.com AMZN | 2.0 M | $506M | 3.94% | no change |
| 6 | Brookfield BN | 13.1 M | $477M | 3.71% | no change |
| 7 | Apple AAPL | 1.2 M | $409M | 3.18% | no change |
| 8 | Analog Devices ADI | 999,671 | $397M | 3.09% | no change |
| 9 | Visa V | 1.0 M | $364M | 2.84% | no change |
| 10 | Goldman Sachs Group GS | 359,360 | $324M | 2.52% | no change |
| 11 | Microsoft MSFT | 537,630 | $276M | 2.15% | no change |
| 12 | Caterpillar CAT | 328,650 | $266M | 2.08% | no change |
| 13 | Home Depot HD | 932,000 | $265M | 2.07% | +1% |
| 14 | BlackRock BLK | 220,200 | $233M | 1.82% | no change |
| 15 | Walt Disney DIS | 2.0 M | $214M | 1.67% | no change |
| 16 | Texas Instruments TXN | 724,000 | $203M | 1.58% | no change |
| 17 | Watsco WSO | 623,010 | $189M | 1.47% | +4.2% |
| 18 | Franco Nevada FNV | 787,000 | $187M | 1.46% | +1.7% |
| 19 | Alphabet GOOGL | 519,975 | $179M | 1.39% | −9.1% |
| 20 | LPL Financial Holdings LPLA | 566,132 | $173M | 1.35% | +1.1% |
| 21 | Johnson & Johnson JNJ | 610,800 | $162M | 1.26% | no change |
| 22 | Progressive PGR | 753,750 | $156M | 1.22% | no change |
| 23 | Meta Platforms META | 209,163 | $152M | 1.18% | −11% |
| 24 | American Express AXP | 490,450 | $149M | 1.16% | no change |
| 25 | Lowe's LOW | 761,480 | $140M | 1.09% | +1.3% |
| 26 | Blackstone BX | 1.2 M | $138M | 1.07% | no change |
| 27 | Charles Schwab SCHW | 1.4 M | $136M | 1.06% | no change |
| 28 | RLI RLI | 2.4 M | $134M | 1.04% | +1.1% |
| 29 | KKR KKR | 1.5 M | $133M | 1.03% | no change |
| 30 | Marsh & Mclennan Companies MRSH | 763,500 | $130M | 1.02% | no change |
| 31 | General Dynamics GD | 391,000 | $130M | 1.01% | no change |
| 32 | Archer-Daniels-Midland ADM | 1.5 M | $120M | 0.93% | no change |
| 33 | Apollo Global Management APO | 1.0 M | $118M | 0.92% | no change |
| 34 | Diageo DEO | 1.4 M | $117M | 0.91% | no change |
| 35 | Mastercard MA | 207,540 | $114M | 0.89% | no change |
| 36 | Novo Nordisk A/s NVO | 2.9 M | $109M | 0.85% | no change |
| 37 | Linde LIN | 220,600 | $105M | 0.82% | +2.3% |
| 38 | Dollar General DG | 869,250 | $104M | 0.81% | no change |
| 39 | Moody's MCO | 213,890 | $97.1M | 0.76% | no change |
| 40 | Brookfield Asset Management BAM | 2.2 M | $96.9M | 0.75% | no change |
| 41 | Norfolk Southern NSC | 282,500 | $87.3M | 0.68% | no change |
| 42 | Heico HEI/A | 379,644 | $86.7M | 0.68% | no change |
| 43 | Illinois Tool Works ITW | 327,500 | $84.3M | 0.66% | no change |
| 44 | JPMorgan Chase JPM | 252,550 | $83.6M | 0.65% | no change |
| 45 | MSCI MSCI | 142,850 | $76.9M | 0.60% | no change |
| 46 | Ecolab ECL | 274,300 | $75.3M | 0.59% | no change |
| 47 | NVR NVR | 12,167 | $74.9M | 0.58% | no change |
| 48 | Old Dominion Freight Line ODFL | 429,150 | $74.6M | 0.58% | no change |
| 49 | Sunbelt Rentals Holdings SUNB | 983,207 | $72.0M | 0.56% | no change |
| 50 | Rockwell Automation ROK | 154,900 | $67.4M | 0.53% | no change |
| 51 | Investors Title ITIC | 213,300 | $60.3M | 0.47% | no change |
| 52 | Hanover Insurance Group THG | 281,000 | $60.2M | 0.47% | no change |
| 53 | Starbucks SBUX | 623,818 | $58.6M | 0.46% | no change |
| 54 | Carlyle Group CG | 1.3 M | $52.6M | 0.41% | no change |
| 55 | Thermo Fisher Scientific TMO | 74,100 | $50.0M | 0.39% | +1.4% |
| 56 | Rollins ROL | 1.6 M | $47.6M | 0.37% | +4.3% |
| 57 | S&P Global SPGI | 117,690 | $46.4M | 0.36% | no change |
| 58 | Tyson Foods TSN | 913,500 | $46.2M | 0.36% | no change |
| 59 | Union Pacific UNP | 166,028 | $45.2M | 0.35% | +3.1% |
| 60 | Hagerty HGTY | 3.1 M | $41.8M | 0.33% | no change |
| 61 | MercadoLibre MELI | 24,200 | $41.8M | 0.33% | no change |
| 62 | RTX RTX | 224,000 | $41.6M | 0.32% | no change |
| 63 | Ferguson Enterprises FERG | 184,200 | $41.0M | 0.32% | +2.2% |
| 64 | Cisco Systems CSCO | 355,500 | $38.3M | 0.30% | no change |
| 65 | Aon AON | 135,800 | $37.6M | 0.29% | no change |
| 66 | Factset Research Systems FDS | 135,376 | $36.5M | 0.28% | no change |
| 67 | HCA Healthcare HCA | 84,972 | $36.3M | 0.28% | no change |
| 68 | Marriott International MAR | 99,750 | $35.5M | 0.28% | no change |
| 69 | Allstate ALL | 154,550 | $34.3M | 0.27% | no change |
| 70 | Lockheed Martin LMT | 65,213 | $33.2M | 0.26% | no change |
| 71 | T. Rowe Price TROW | 314,000 | $32.7M | 0.25% | no change |
| 72 | United Rentals URI | 31,150 | $31.2M | 0.24% | no change |
| 73 | Costco Wholesale COST | 33,748 | $30.7M | 0.24% | −14% |
| 74 | Sherwin-williams SHW | 94,172 | $30.4M | 0.24% | no change |
| 75 | Zoetis ZTS | 425,296 | $29.7M | 0.23% | +542% |
| 76 | Accenture ACN | 159,400 | $29.2M | 0.23% | no change |
| 77 | Lamar Advertising LAMR | 193,000 | $27.8M | 0.22% | no change |
| 78 | CSX CSX | 597,500 | $27.8M | 0.22% | +2.2% |
| 79 | Verisk Analytics VRSK | 155,950 | $26.2M | 0.20% | no change |
| 80 | Air Products and Chemicals APD | 92,750 | $25.8M | 0.20% | +4.8% |
| 81 | Crown Holdings CCK | 220,000 | $23.2M | 0.18% | no change |
| 82 | Brown Forman BF/A | 843,000 | $22.6M | 0.18% | no change |
| 83 | Renaissancere Holdings RNR | 70,000 | $22.3M | 0.17% | no change |
| 84 | Philip Morris International PM | 114,500 | $21.8M | 0.17% | no change |
| 85 | Enterprise Products Partners EPD | 612,000 | $21.8M | 0.17% | +7.6% |
| 86 | Comfort Systems USA FIX | 13,000 | $21.5M | 0.17% | no change |
| 87 | Yum! Brands YUM | 142,059 | $19.4M | 0.15% | −42% |
| 88 | Applied Materials AMAT | 36,350 | $18.6M | 0.14% | no change |
| 89 | Bank of New York Mellon BNY | 124,500 | $18.0M | 0.14% | no change |
| 90 | SEI Investments SEIC | 173,200 | $17.8M | 0.14% | no change |
| 91 | Capital One Financial COF | 91,000 | $17.6M | 0.14% | no change |
| 92 | Wells Fargo WFC | 204,450 | $16.4M | 0.13% | no change |
| 93 | Hexcel HXL | 189,000 | $15.9M | 0.12% | no change |
| 94 | Nike NKE | 447,400 | $15.8M | 0.12% | no change |
| 95 | Shopify SHOP | 102,750 | $15.2M | 0.12% | no change |
| 96 | Paychex PAYX | 150,000 | $14.8M | 0.12% | no change |
| 97 | Carrier Global CARR | 240,000 | $13.2M | 0.10% | +2.1% |
| 98 | CME Group CME | 49,750 | $13.0M | 0.10% | no change |
| 99 | Spotify Technology SPOT | 25,900 | $12.6M | 0.10% | no change |
| 100 | IQVIA Holdings IQV | 46,900 | $12.6M | 0.10% | no change |
The 100 largest lines are shown. The other 45 add up to 1.67% of the portfolio; full 13F of Markel Group →
Positions it closed (1)
- Brown & Brown BROwas 0.01% · 14,000 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.