Tom Gayner portfolio
Updated November 15, 2026
Tom Gayner (Markel Group) — Known as a “baby Berkshire”, holding quality companies run by honest managers for years.
According to the latest 13F report that Markel Group filed with the SEC (Q3 2026, filed October 30, 2026), its US stock portfolio is worth about $12.8B across 145 holdings. The largest positions are Alphabet Inc-cl CGOOG, Berkshire Hathaway Inc-cl ABRK-A, Berkshire Hathaway Inc-cl BBRK-B, and the top 10 make up 44% of the portfolio.
| # | Stock | Weight | Value | Change this quarter |
|---|---|---|---|---|
| 1 | Alphabet Inc-cl CGOOG | 7.3% | $937M | — |
| 2 | Berkshire Hathaway Inc-cl ABRK-A | 6.5% | $832M | — |
| 3 | Berkshire Hathaway Inc-cl BBRK-B | 5.9% | $763M | — |
| 4 | Deere & CoDE | 4.5% | $578M | Trimmed +2% |
| 5 | Amazon.com IncAMZN | 3.9% | $506M | — |
| 6 | Brookfield CorpBN | 3.7% | $477M | — |
| 7 | Apple IncAAPL | 3.2% | $409M | — |
| 8 | Analog Devices IncADI | 3.1% | $397M | — |
| 9 | Visa Inc-class A SharesV | 2.8% | $364M | — |
| 10 | Goldman Sachs Group IncGS | 2.5% | $324M | — |
| 11 | Microsoft CorpMSFT | 2.1% | $276M | — |
| 12 | Caterpillar IncCAT | 2.1% | $266M | — |
| 13 | Home Depot IncHD | 2.1% | $265M | Added +1% |
| 14 | Blackrock IncBLK | 1.8% | $233M | — |
| 15 | Walt Disney Co/theDIS | 1.7% | $214M | — |
| 16 | Texas Instruments IncTXN | 1.6% | $203M | — |
| 17 | Watsco IncWSO | 1.5% | $189M | Added +4% |
| 18 | Franco-nevada CorpFNV | 1.5% | $187M | Added +2% |
| 19 | Alphabet Inc-cl AGOOGL | 1.4% | $179M | Trimmed +9% |
| 20 | LPL Financial Holdings IncLPLA | 1.3% | $173M | Added +1% |
| 21 | Johnson & JohnsonJNJ | 1.3% | $162M | — |
| 22 | Progressive CorpPGR | 1.2% | $156M | — |
| 23 | Meta Platforms Inc-class AMETA | 1.2% | $152M | Trimmed +11% |
| 24 | American Express CoAXP | 1.2% | $149M | — |
| 25 | Lowe's COS IncLOW | 1.1% | $140M | Added +1% |
| 26 | Blackstone IncBX | 1.1% | $138M | — |
| 27 | Schwab (charles) CorpSCHW | 1.1% | $136M | — |
| 28 | RLI CorpRLI | 1.0% | $134M | Added +1% |
| 29 | KKR & Co IncKKR | 1.0% | $133M | — |
| 30 | Marsh & Mclennan COSMRSH | 1.0% | $130M | — |
| 31 | General Dynamics CorpGD | 1.0% | $130M | — |
| 32 | Archer-daniels-midland CoADM | 0.9% | $120M | — |
| 33 | Apollo Global Management IncAPO | 0.9% | $118M | — |
| 34 | Diageo Plc-sponsored ADRDEO | 0.9% | $117M | — |
| 35 | Mastercard Inc - AMA | 0.9% | $114M | — |
| 36 | Novo-nordisk A/s-spons ADRNVO | 0.8% | $109M | — |
| 37 | Linde PLCLIN | 0.8% | $105M | Added +2% |
| 38 | Dollar General CorpDG | 0.8% | $104M | — |
| 39 | Moody's CorpMCO | 0.8% | $97M | — |
| 40 | Brookfield Asset Mgmt-aBAM | 0.8% | $97M | Trimmed +1% |
Positions sold out
Exxon Mobil Corp, Brown & Brown IncBRO
Frequently asked questions
What does Tom Gayner own now?
According to the latest 13F (Q3 2026), the largest holdings are Alphabet Inc-cl CGOOG, Berkshire Hathaway Inc-cl ABRK-A, Berkshire Hathaway Inc-cl BBRK-B. The full list is in the table above.
What is a 13F report?
US investment managers with more than $100 million in US stocks must list their holdings with the SEC within 45 days after each quarter ends.
Why is the data delayed?
Because 13F reports arrive up to 45 days after the quarter ends, the manager may have traded since then.
Should I copy this portfolio?
Knowing what great investors buy is a good source of ideas, but because of the delay and different goals, copying blindly is not recommended.
More lists and tools
Lists are generated automatically from SEC filings and market prices and rebuilt every day. They are a starting point for research, not a recommendation to buy or sell.