Hedge Funds
T
value Thomas Gayner
Markel Group
Portfolio Value $12.54B
Holdings 130
Quarter Q1 2026
Filing Date Feb 5, 2026
1yr Return +18.9%
3yr Return +68.7%
Sector Allocation
Financial Services44.3%Industrials12.9%Communication Services11.8%Consumer Cyclical10.9%Technology9.0%Consumer Defensive4.0%
| Stock 130 | % of Portfolio Weight of this holding as a percentage of the total portfolio | Value Total dollar value of the position (shares x price) | Shares Number of shares held | Reported Price Price per share as reported in the SEC filing | Recent Activity Activity in the most recent 13F filing with percentage change | Current Price within 52W Range Current stock price positioned within the 52-week high/low range | +/- Reported Price Percentage change from the filing reported price to the current price. Green = gain, Red = loss |
|---|---|---|---|---|---|---|---|
 A GOOG Alphabet Class C | 6.88% | $862.90M | 2,749,860 | $313.80 | — | $294.46 $146.08 $344.66 | -6.16% |
 B BRK-A BERKSHIRE HATHAWAY INC DEL | 6.70% | $840.85M | 1,114 | $754,799.82 | — | $716,300 $692,600 $809,350 | -5.10% |
 B BRK-B BERKSHIRE HATHAWAY INC DEL | 6.14% | $770.04M | 1,531,971 | $502.65 | — | $477.35 $459.11 $539.80 | -5.03% |
 B BN Brookfield Corp. | 4.78% | $599.95M | 13,073,609 | $45.89 | Add 50.00% | $40.89 $29.62 $49.08 | -10.90% |
 A AMZN Amazon.com | 3.74% | $468.74M | 2,030,760 | $230.82 | — | $209.77 $167.32 $254.00 | -9.12% |
 D DE Deere & Co. | 3.26% | $408.72M | 877,900 | $465.57 | — | $575.71 $407.65 $660.56 | +23.66% |
 V V Visa | 2.79% | $350.46M | 999,285 | $350.71 | — | $300.80 $295.52 $371.15 | -14.23% |
 A AAPL Apple | 2.66% | $333.65M | 1,227,290 | $271.86 | — | $255.92 $171.67 $285.92 | -5.86% |
 H HD Home Depot | 2.52% | $316.57M | 920,000 | $344.10 | — | $321.63 $320.75 $417.91 | -6.53% |
 G GS Goldman Sachs Group, Inc. | 2.52% | $315.88M | 359,360 | $879.00 | — | $863.04 $452.84 $970.75 | -1.82% |
 A ADI Analog Devices, Inc. | 2.21% | $277.50M | 1,023,245 | $271.20 | Reduce 12.37% | $318.34 $162.13 $359.67 | +17.38% |
 M MSFT Microsoft | 2.07% | $259.06M | 535,680 | $483.62 | Add 0.68% | $373.46 $351.87 $539.83 | -22.78% |
 B BLK BlackRock Inc | 1.88% | $235.69M | 220,200 | $1,070.34 | — | $966.56 $799.25 $1,190 | -9.70% |
 W DIS Walt Disney | 1.84% | $231.14M | 2,031,665 | $113.77 | — | $96.61 $80.83 $123.18 | -15.08% |
 L LPLA LPL Financial Holdings, Inc. | 1.59% | $200.00M | 559,951 | $357.17 | Add 1.20% | $293.67 $282.36 $397.96 | -17.78% |
 W WSO WATSCO INC | 1.55% | $194.65M | 577,669 | $336.95 | Add 2.21% | $370.31 $320.96 $500.35 | +9.90% |
 B BX Blackstone Group | 1.51% | $189.44M | 1,229,000 | $154.14 | — | $113.05 $102.12 $184.87 | -26.66% |
 C CAT Caterpillar, Inc. | 1.50% | $188.27M | 328,650 | $572.87 | — | $717.22 $270.22 $775.00 | +25.20% |
 K KKR KKR & CO INC | 1.48% | $185.07M | 1,451,800 | $127.48 | — | $91.23 $83.88 $151.45 | -28.44% |
 A AXP AMERICAN EXPRESS CO | 1.44% | $180.72M | 488,500 | $369.95 | Add 0.88% | $300.18 $228.99 $382.83 | -18.86% |
 A GOOGL ALPHABET INC | 1.43% | $179.04M | 572,000 | $313.00 | — | $295.77 $144.20 $343.45 | -5.50% |
 L LOW LOWES COS INC | 1.41% | $177.13M | 734,480 | $241.16 | Add 1.07% | $231.03 $207.51 $287.39 | -4.20% |
 P PGR PROGRESSIVE CORP | 1.37% | $171.64M | 753,750 | $227.72 | — | $195.25 $191.44 $271.14 | -14.26% |
 M META Meta Platforms, Inc. | 1.31% | $163.90M | 248,303 | $660.08 | Reduce 11.41% | $574.46 $483.15 $788.15 | -12.97% |
 R RLI RLI CORP | 1.22% | $153.20M | 2,394,544 | $63.98 | — | $58.14 $56.31 $77.54 | -9.13% |
 A APO APOLLO GLOBAL MANAGEMENT INC | 1.17% | $146.57M | 1,012,500 | $144.76 | — | $107.04 $100.30 $154.24 | -26.06% |
 N NVO NOVO-NORDISK A S | 1.16% | $146.01M | 2,869,774 | $50.88 | Add 21.16% | $36.98 $34.76 $77.31 | -27.32% |
 F FNV FRANCO NEV CORP | 1.13% | $141.68M | 683,500 | $207.28 | Add 12.88% | $257.74 $142.47 $280.36 | +24.34% |
 M MMC Marsh & McLennan | 1.13% | $141.32M | 761,750 | $185.52 | Add 0.89% | — | -100.00% |
 C SCHW Charles Schwab | 1.10% | $137.46M | 1,375,800 | $99.91 | Add 0.81% | $93.77 $68.22 $106.85 | -6.14% |
 G GD General Dynamics Corp | 1.05% | $131.63M | 391,000 | $336.66 | — | $349.09 $242.99 $367.38 | +3.69% |
 J JNJ Johnson & Johnson | 1.01% | $126.40M | 610,800 | $206.95 | — | $243.04 $142.39 $248.56 | +17.44% |
 T TXN Texas Instruments | 1.00% | $125.61M | 724,000 | $173.49 | — | $194.87 $141.15 $226.56 | +12.32% |
 M MA MASTERCARD INCORPORATED | 0.94% | $118.48M | 207,540 | $570.87 | — | $493.44 $477.16 $597.27 | -13.56% |
 D DEO Diageo PLC | 0.94% | $118.34M | 1,371,708 | $86.27 | Add 0.37% | $73.32 $72.47 $112.79 | -15.01% |
 D DG DOLLAR GEN CORP NEW | 0.92% | $115.41M | 869,250 | $132.77 | — | $119.74 $84.71 $156.24 | -9.81% |
 B BAM BROOKFIELD ASSET MGMT INC | 0.92% | $114.94M | 2,193,953 | $52.39 | — | $44.45 $41.47 $61.57 | -15.16% |
 M MCO MOODYS CORP | 0.87% | $109.26M | 213,890 | $510.84 | — | $440.79 $393.59 $538.45 | -13.71% |
 H HEI-A HEICO CORP NEW | 0.76% | $95.83M | 379,644 | $252.43 | — | $211.04 $185.98 $276.13 | -16.40% |
 R ROL ROLLINS INC | 0.71% | $89.37M | 1,489,025 | $60.02 | Add 0.90% | $53.93 $50.05 $65.40 | -10.15% |
 N NVR NVR INC. | 0.70% | $87.56M | 12,007 | $7,292.75 | Add 0.92% | $6,663 $6,369 $8,543 | -8.63% |
 A ADM Archer-Daniels-Midland Co. | 0.69% | $86.57M | 1,505,800 | $57.49 | — | $73.83 $40.37 $73.83 | +28.42% |
 L LIN Linde PLC | 0.68% | $85.32M | 200,100 | $426.39 | Add 3.76% | $502.60 $388.08 $507.63 | +17.87% |
 M MSCI MSCI Inc. | 0.65% | $81.96M | 142,850 | $573.72 | — | $544.78 $499.82 $622.30 | -5.04% |
 J JPM JPMorgan Chase | 0.65% | $81.38M | 252,550 | $322.22 | — | $294.60 $207.32 $334.61 | -8.57% |
 I ITW ILLINOIS TOOL WKS INC | 0.64% | $80.66M | 327,500 | $246.30 | — | $258.21 $213.02 $297.72 | +4.84% |
 N NSC Norfolk Southern Corp. | 0.63% | $78.96M | 273,500 | $288.72 | Add 6.63% | $288.00 $202.22 $317.83 | -0.25% |
 S SPGI S&P Global, Inc. | 0.63% | $78.75M | 150,690 | $522.58 | — | $431.16 $389.85 $560.76 | -17.49% |
 C CG CARLYLE GROUP INC | 0.63% | $78.44M | 1,327,000 | $59.11 | — | $46.55 $33.89 $68.44 | -21.25% |
 E ECL ECOLAB INC | 0.57% | $72.01M | 274,300 | $262.52 | — | $264.28 $223.33 $307.53 | +0.67% |
 O ODFL OLD DOMINION FREIGHT | 0.53% | $66.11M | 421,650 | $156.80 | Add 17.53% | $198.00 $125.86 $216.19 | +26.28% |
 R ROK ROCKWELL AUTOMATION INC | 0.48% | $60.27M | 154,900 | $389.06 | — | $365.02 $215.66 $428.82 | -6.18% |
 I ITIC INVESTORS TITLE CO NC | 0.42% | $53.25M | 213,300 | $249.64 | — | $218.76 $185.56 $278.66 | -12.37% |
 S SBUX Starbucks | 0.42% | $52.53M | 623,818 | $84.21 | — | $90.37 $77.40 $101.44 | +7.32% |
 T TSN TYSON FOODS | 0.41% | $51.85M | 884,500 | $58.62 | Add 4.24% | $64.63 $49.87 $65.22 | +10.25% |
 H THG HANOVER INS GROUP INC | 0.41% | $51.36M | 281,000 | $182.77 | — | $176.10 $147.56 $185.20 | -3.65% |
 A AON Aon PLC | 0.38% | $47.30M | 134,050 | $352.88 | Add 3.27% | $323.14 $309.97 $392.64 | -8.43% |
 A ACN Accenture | 0.34% | $42.77M | 159,400 | $268.29 | — | $201.33 $191.50 $321.60 | -24.96% |
 H HGTY HAGERTY INC | 0.33% | $41.77M | 3,108,000 | $13.44 | — | $10.97 $8.34 $13.82 | -18.38% |
 R RTX RTX | 0.33% | $41.08M | 224,000 | $183.39 | — | $196.21 $111.86 $212.16 | +6.99% |
 H HCA HCA HEALTHCARE INC | 0.30% | $37.67M | 80,680 | $466.86 | Add 7.27% | $471.84 $315.49 $544.32 | +1.07% |
 F FERG FERGUSON PLC NEW | 0.29% | $36.40M | 163,500 | $222.63 | Add 11.22% | $235.07 $145.77 $266.37 | +5.59% |
 T TMO Thermo Fisher Scientific | 0.29% | $36.39M | 62,800 | $579.44 | Add 12.54% | $491.46 $389.23 $638.82 | -15.18% |
 F FDS FACTSET RESH SYS INC | 0.28% | $35.37M | 121,873 | $290.18 | Add 4.41% | $227.68 $189.08 $466.55 | -21.54% |
 V VRSK Verisk Analytics | 0.28% | $34.88M | 155,950 | $223.69 | — | $185.08 $169.04 $318.85 | -17.26% |
 Y YUM YUM BRANDS INC | 0.27% | $34.26M | 226,451 | $151.28 | — | $156.09 $136.41 $168.16 | +3.18% |
 C COST Costco | 0.27% | $33.76M | 39,150 | $862.32 | — | $1,015 $848.84 $1,052 | +17.70% |
 U UNP Union Pacific | 0.26% | $32.68M | 141,278 | $231.31 | Add 11.44% | $244.71 $203.47 $266.97 | +5.79% |
 A ABNB AIRBNB INC | 0.26% | $32.61M | 240,289 | $135.72 | Add 5.79% | $124.95 $105.69 $142.16 | -7.94% |
 A ALL Allstate Corp. | 0.26% | $32.17M | 154,550 | $208.15 | — | $207.03 $177.05 $214.18 | -0.54% |
 T TROW T. Rowe Price Group | 0.26% | $32.15M | 314,000 | $102.38 | — | $90.17 $76.16 $107.41 | -11.93% |
 L LMT Lockheed Martin | 0.25% | $31.20M | 64,513 | $483.67 | Add 3.61% | $622.79 $402.57 $676.70 | +28.76% |
 S SHW Sherwin-Williams | 0.24% | $30.51M | 94,172 | $324.02 | — | $318.00 $303.53 $373.53 | -1.86% |
 C CMCSA Comcast Corp. | 0.23% | $28.75M | 961,880 | $29.89 | — | $27.93 $24.23 $32.62 | -6.56% |
 N NKE Nike | 0.23% | $28.50M | 447,400 | $63.71 | — | $44.19 $44.19 $77.81 | -30.64% |
 M MAR MARRIOTT INTL INC NEW | 0.22% | $27.84M | 89,750 | $310.24 | Add 22.53% | $331.93 $209.14 $359.25 | +6.99% |
 C CSCO Cisco Systems | 0.22% | $27.38M | 355,500 | $77.03 | — | $79.02 $51.99 $86.31 | +2.59% |
 U URI United Rentals | 0.20% | $25.21M | 31,150 | $809.31 | — | $732.09 $547.11 $1,016 | -9.54% |
 L LAMR Lamar Advertising Co-A | 0.19% | $23.42M | 185,000 | $126.58 | Add 8.82% | $127.64 $97.19 $137.52 | +0.84% |
 B BF-A Brown-Forman Corp Cl A | 0.18% | $22.18M | 843,000 | $26.31 | — | $27.09 $23.20 $34.72 | +2.97% |
 C COF Capital One Financial Corp. | 0.18% | $22.05M | 91,000 | $242.35 | — | $181.92 $148.55 $256.96 | -24.94% |
 C CCK CROWN HLDGS INC | 0.17% | $21.83M | 212,000 | $102.96 | Add 11.87% | $102.76 $77.60 $115.73 | -0.20% |
 R RNR RenaissanceRe Holdings Ltd. | 0.16% | $19.68M | 70,000 | $281.14 | — | $300.37 $219.35 $310.46 | +6.84% |
 W WFC Wells Fargo | 0.15% | $19.05M | 204,450 | $93.20 | — | $80.60 $59.68 $95.92 | -13.52% |
 P PM Philip Morris International, Inc. | 0.15% | $18.36M | 114,500 | $160.39 | — | $158.10 $141.76 $188.12 | -1.43% |
 A APD Air Products & Chemicals, Inc. | 0.14% | $17.66M | 71,500 | $247.01 | Add 10.00% | $293.55 $227.66 $293.55 | +18.84% |
 P PAYX Paychex | 0.13% | $16.83M | 150,000 | $112.17 | — | $91.70 $87.39 $155.44 | -18.25% |
 S SHOP SHOPIFY INC | 0.13% | $16.54M | 102,750 | $160.96 | — | $118.25 $76.89 $179.01 | -26.54% |
 C CSX CSX CORP | 0.13% | $15.95M | 440,000 | $36.25 | Add 54.39% | $41.22 $26.29 $43.17 | +13.71% |
 E EFX EQUIFAX INC | 0.13% | $15.81M | 72,850 | $216.97 | — | $182.39 $169.50 $278.03 | -15.94% |
 S SPOT SPOTIFY TECHNOLOGY S A | 0.12% | $15.04M | 25,900 | $580.69 | — | $488.97 $412.75 $775.90 | -15.80% |
 S SEIC SEI INVTS CO | 0.11% | $14.21M | 173,200 | $82.02 | — | $77.01 $65.66 $93.23 | -6.10% |
 B BK Bank of New York Mellon Corp. | 0.11% | $14.10M | 121,500 | $116.08 | — | $122.13 $71.80 $127.61 | +5.21% |
 H HXL HEXCEL CORP NEW | 0.11% | $13.97M | 189,000 | $73.89 | — | $79.21 $46.98 $94.73 | +7.19% |
 P PEP PepsiCo | 0.11% | $13.81M | 96,210 | $143.52 | — | $157.01 $123.50 $168.98 | +9.40% |
 T TGT Target Corp. | 0.10% | $13.00M | 133,000 | $97.74 | — | $120.45 $82.84 $121.20 | +23.23% |
 C CME CME GROUP INC | 0.10% | $12.49M | 45,750 | $273.07 | Add 42.97% | $305.11 $243.07 $318.84 | +11.73% |
 C CARR Carrier Global Corp. | 0.10% | $12.42M | 235,000 | $52.84 | — | $55.71 $50.14 $80.08 | +5.43% |
 B BF-B Brown-Forman Corp Cl B | 0.10% | $12.36M | 474,187 | $26.06 | — | $26.75 $22.80 $34.92 | +2.65% |
 H HSY Hershey Co. | 0.10% | $12.28M | 67,500 | $181.97 | Add 23.85% | $206.19 $148.02 $236.28 | +13.31% |
 C FIX COMFORT SYS USA INC | 0.10% | $12.13M | 13,000 | $933.23 | — | $1,417 $295.68 $1,471 | +51.86% |
 U UBER UBER TECHNOLOGIES INC | 0.09% | $11.44M | 140,000 | $81.71 | Add 13.36% | $71.84 $64.62 $100.10 | -12.08% |
 C CHH CHOICE HOTELS INTL INC | 0.09% | $11.00M | 115,500 | $95.26 | — | $103.87 $83.91 $134.14 | +9.04% |
 I IQV IQVIA HLDGS INC | 0.08% | $10.57M | 46,900 | $225.39 | — | $173.26 $137.00 $244.29 | -23.13% |
 C CBOE CBOE GLOBAL MKTS INC | 0.08% | $10.48M | 41,750 | $250.99 | Add 46.49% | $289.95 $204.73 $304.43 | +15.52% |
 O OTIS Otis Worldwide Corp. | 0.08% | $10.01M | 114,620 | $87.34 | — | $77.86 $75.95 $102.40 | -10.85% |
 S SMG SCOTTS MIRACLE-GRO CO | 0.08% | $9.80M | 168,000 | $58.35 | — | $63.88 $46.14 $70.52 | +9.49% |
 A AMAT Applied Materials | 0.07% | $8.76M | 34,100 | $256.98 | Add 29.90% | $348.47 $125.82 $394.95 | +35.60% |
 U UNH UnitedHealth Group | 0.07% | $8.75M | 26,500 | $330.08 | — | $277.26 $232.89 $583.03 | -16.00% |
 H HII Huntington Ingalls | 0.07% | $8.67M | 25,500 | $340.04 | Add 24.39% | $396.62 $179.95 $453.73 | +16.64% |
 S SONY SONY GROUP CORPORATION | 0.07% | $8.58M | 335,000 | $25.60 | — | $21.14 $19.91 $30.26 | -17.42% |
 I NSP INSPERITY INC | 0.05% | $5.92M | 152,873 | $38.72 | Add 16.05% | $29.34 $19.90 $82.27 | -24.22% |
 G GHC Graham Holdings Company | 0.05% | $5.71M | 5,200 | $1,098.46 | — | $1,061 $871.75 $1,192 | -3.42% |
 C KMX CarMax, Inc. | 0.04% | $5.27M | 136,500 | $38.63 | — | $41.23 $30.88 $80.06 | +6.73% |
 E EMN EASTMAN CHEM CO | 0.04% | $4.78M | 74,950 | $63.82 | — | $75.07 $54.98 $80.39 | +17.64% |
 E XOM Exxon Mobil Corp. | 0.04% | $4.57M | 38,000 | $120.32 | Add 1166.67% | $160.69 $96.61 $171.47 | +33.56% |
 C CNI CANADIAN NATIONAL RAILWAY CO | 0.04% | $4.40M | 44,500 | $98.83 | Add 78.00% | $104.18 $90.34 $112.30 | +5.41% |
 W WRB W.R. Berkley | 0.03% | $4.26M | 60,750 | $70.11 | — | $65.99 $62.61 $77.13 | -5.87% |
 C CP CANADIAN PAC RY LTD | 0.03% | $3.72M | 50,500 | $73.62 | Add 62.90% | $78.97 $66.72 $89.20 | +7.26% |
 B BC BRUNSWICK CORP | 0.03% | $3.54M | 47,750 | $74.22 | Add 42.54% | $73.30 $40.85 $88.78 | -1.24% |
 A AYI Acuity Brands, Inc. | 0.03% | $3.51M | 9,750 | $360.00 | — | $265.39 $222.76 $376.45 | -26.28% |
 I ICE INTERCONTINENTAL EXCHANGE IN | 0.03% | $3.38M | 20,870 | $161.95 | Add 271.35% | $162.98 $144.69 $186.76 | +0.63% |
 M MGM MGM Resorts International | 0.03% | $3.19M | 87,500 | $36.48 | — | $36.68 $25.79 $39.77 | +0.55% |
 E EXP EAGLE MATLS INC | 0.02% | $3.05M | 14,750 | $206.64 | — | $187.96 $173.07 $241.41 | -9.04% |
 D DPZ DOMINOS PIZZA INC | 0.02% | $2.29M | 5,500 | $416.73 | — | $370.82 $348.14 $489.23 | -11.02% |
 S SYY SYSCO CORP | 0.02% | $2.25M | 30,500 | $73.67 | — | $71.16 $66.10 $90.48 | -3.41% |
 B BRO BROWN & BROWN INC | 0.01% | $876.00K | 11,000 | $79.64 | Buy | $65.95 $63.43 $123.52 | -17.19% |
 T TRU TransUnion | 0.00% | $171.00K | 2,000 | $85.50 | Reduce 98.02% | $69.32 $65.76 $98.78 | -18.92% |
 A ADBE Adobe Systems | 0.00% | $0 | 0 | $0.00 | Sold | $242.92 $234.84 $420.68 | — |
 F FDX FedEx Corp. | 0.00% | $0 | 0 | $0.00 | Sold | $361.63 $193.76 $386.91 | — |
News about Thomas Gayner's top holdings
Frequently Asked Questions
What stocks does Thomas Gayner own in 2026?
As of Q1 2026, Thomas Gayner's Markel Group holds 130 stocks worth $12.54B. The largest position is GOOG. Data from SEC 13F filing dated 2026-02-06 00:00:00.000Z.
What did Thomas Gayner buy and sell recently?
View the Activity tab above to see which positions Thomas Gayner added, increased, decreased, or sold in Q1 2026. The activity data comes from comparing consecutive 13F filings.
What is Thomas Gayner's top stock holding?
The largest position is GOOG. Thomas Gayner's Markel Group holds 130 total positions worth $12.54B. Visit the holdings table above to see the complete portfolio ranked by position size.
What sectors does Thomas Gayner invest in?
Thomas Gayner's portfolio of 130 stocks is diversified across multiple sectors. The portfolio is most concentrated in the Financial Services sector. The sector chart above shows the full allocation breakdown by portfolio value.
What is Thomas Gayner's investment strategy?
Thomas Gayner manages Markel Group using a value investment approach. The portfolio currently holds 130 positions with total assets of $12.54B. The portfolio is most concentrated in the Financial Services sector.
What is Thomas Gayner's portfolio worth in 2026?
Thomas Gayner's Markel Group manages $12.54B in disclosed 13F holdings across 130 positions as of Q1 2026. This represents the total market value of equity positions reported to the SEC.
How often does Thomas Gayner update portfolio holdings?
Thomas Gayner's Markel Group files 13F reports with the SEC quarterly. The most recent filing is dated 2026-02-06 00:00:00.000Z, covering holdings as of Q1 2026. New data appears within 24 hours of each filing.
How do I track Thomas Gayner's portfolio changes over time?
Use the Activity tab to compare Thomas Gayner's holdings across quarters. You can see new positions, additions, reductions, and exits for each quarter going back multiple years. The data comes from Markel Group's SEC 13F filings.