Tom Gayner's portfolio
Insurance float investor; Berkshire-style permanent holding company equity portfolio.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
Added to
- Visa Inc. Class AV$348M
- Home DepotHD$325M
- WatscoWSO$249M
- Lowe's CompaniesLOW$166M
- Franco-NevadaFNV$161M
- Charles SchwabSCHW$129M
- Linde plc Ordinary SharesLIN$112M
- NVRNVR$82M
- Sunbelt RentalsSUNB$73M
- RollinsROL$63M
Trimmed
- Analog DevicesADI$397M
- Meta PlatformsMETA$132M
- ComcastCMCSA$20M
Sold out
None this quarter.
Holdings
130 US-listed positions in the Q2 2026 13F, largest first (top 50 shown; all of them in Investingly).
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| Alphabet Inc Class CGOOG | 7.40% | $972M | 2,749,860 | Held |
| Berkshire Hathaway Inc-Cl ABRK/A | 6.35% | $834M | 1,114 | Held |
| Berkshire Hathaway Inc-Cl BBRK/B | 5.84% | $767M | 1,531,971 | Held |
| Deere &DE | 4.24% | $557M | 877,900 | Held |
| BrookfieldBN | 4.24% | $557M | 13,073,609 | Held |
| Amazon.comAMZN | 3.69% | $484M | 2,030,760 | Held |
| Analog DevicesADI | 3.02% | $397M | 999,671 | Trimmed |
| Goldman SachsGS | 2.77% | $363M | 359,360 | Held |
| AppleAAPL | 2.71% | $355M | 1,227,290 | Held |
| CaterpillarCAT | 2.67% | $350M | 328,650 | Held |
| Visa Inc. Class AV | 2.65% | $348M | 1,013,912 | Added |
| Home DepotHD | 2.48% | $325M | 922,500 | Added |
| WatscoWSO | 1.90% | $249M | 597,750 | Added |
| Texas InstrumentsTXN | 1.64% | $216M | 724,000 | Held |
| BlackRockBLK | 1.61% | $212M | 220,200 | Held |
| Alphabet Inc Class AGOOGL | 1.56% | $204M | 572,000 | Held |
| MicrosoftMSFT | 1.53% | $201M | 537,630 | Held |
| Disney Walt | 1.49% | $196M | 2,031,665 | Held |
| American ExpressAXP | 1.26% | $166M | 490,450 | Held |
| Lowe's CompaniesLOW | 1.26% | $166M | 751,980 | Added |
| ProgressivePGR | 1.25% | $165M | 753,750 | Held |
| Franco-NevadaFNV | 1.23% | $161M | 773,500 | Added |
| Lpl Finl Hldgs | 1.20% | $158M | 559,951 | Held |
| Johnson & JohnsonJNJ | 1.18% | $155M | 610,800 | Held |
| BlackstoneBX | 1.10% | $145M | 1,229,000 | Held |
| RLIRLI | 1.08% | $141M | 2,394,544 | Held |
| General DynamicsGD | 1.05% | $139M | 391,000 | Held |
| Novo Nordisk A/SNVO | 1.05% | $138M | 2,869,774 | Held |
| KKR & Co.KKR | 1.01% | $133M | 1,451,800 | Held |
| Meta PlatformsMETA | 1.00% | $132M | 234,163 | Trimmed |
| Charles SchwabSCHW | 0.98% | $129M | 1,394,800 | Added |
| Marsh & McLennan CompaniesMRSH | 0.97% | $127M | 763,500 | Held |
| Apollo Global Mgmt | 0.91% | $120M | 1,012,500 | Held |
| Archer-Daniels-MidlandADM | 0.88% | $115M | 1,505,800 | Held |
| Linde plc Ordinary SharesLIN | 0.85% | $112M | 215,600 | Added |
| Diageo PLC ADRDEO | 0.84% | $110M | 1,372,208 | Held |
| MastercardMA | 0.81% | $107M | 207,540 | Held |
| Dollar GeneralDG | 0.76% | $100M | 869,250 | Held |
| Brookfield Asset ManagementBAM | 0.75% | $98M | 2,193,953 | Held |
| Heico Corp-Class AHEI/A | 0.75% | $98M | 379,644 | Held |
| MoodysMCO | 0.74% | $97M | 213,890 | Held |
| Old Dominion Freight LineODFL | 0.71% | $93M | 429,150 | Held |
| Norfolk SouthernNSC | 0.68% | $89M | 282,500 | Held |
| Illinois Tool WorksITW | 0.68% | $89M | 327,500 | Held |
| JPMorgan Chase &JPM | 0.63% | $83M | 252,550 | Held |
| NVRNVR | 0.63% | $82M | 12,097 | Added |
| MSCIMSCI | 0.61% | $80M | 142,850 | Held |
| Rockwell AutomationROK | 0.58% | $77M | 154,900 | Held |
| EcolabECL | 0.58% | $76M | 274,300 | Held |
| Sunbelt RentalsSUNB | 0.56% | $73M | 974,361 | Added |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Tom Gayner own?
In the Q2 2026 13F, Markel Group Inc. reported 130 US stock positions worth $13.1B. The largest: Alphabet Inc Class C (GOOG) 7.4%, Berkshire Hathaway Inc-Cl A (BRK/A) 6.4%, Berkshire Hathaway Inc-Cl B (BRK/B) 5.8%, Deere & (DE) 4.2%, Brookfield (BN) 4.2%.
What did Tom Gayner buy last quarter?
In Q2 2026: new position in Zoetis (ZTS); new position in Netflix (NFLX); new position in Ufp Industries (UFPI); added to Visa Inc. Class A (V); added to Home Depot (HD); added to Watsco (WSO).
When is Tom Gayner's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.