MG
Tom Gayner
Markel Group Inc. · Investor
1Y performance ⓘ
+14%
AUM (13F)
$11.9B
# of Holdings
129
3Y performance ⓘ
+55%
vs S&P 500 ⓘ
−17%
Updated
Mar 31
Tom Gayner's Markel Group Inc. holds 129 U.S.-equity positions worth $11.9B (SEC 13F, Q1 2026). Top positions: Berkshire Hathaway Inc. 6.7%, Alphabet Inc. Class C Capital Stock 6.6%, BERKSHIRE HATHAWAY Class B 6.2%. 13F-replication return is +55% over 3 years (-17 pts vs the S&P 500) — a replicated, non-audited figure.
Holdings
| Stock | % of portfolio | Shares | Value | Latest activity | Avg buy price | Current price | Date |
|---|---|---|---|---|---|---|---|
| BRK.A Berkshire Hathaway Inc. | 6.7% | 1K | $800M | — | $465,600.00 | $734,399.99 (+58%) | 2026-03-31 |
| GOOG Alphabet Inc. Class C Capital Stock | 6.6% | 2.7M | $789M | — | $104.00 | $348.78 (+235%) | 2026-03-31 |
| BRK.B BERKSHIRE HATHAWAY Class B | 6.2% | 1.5M | $734M | — | $308.77 | $488.69 (+58%) | 2026-03-31 |
| BN Brookfield Corporation | 4.4% | 13.1M | $529M | — | $32.59 | $44.13 (+35%) | 2026-03-31 |
| DE Deere & Company | 4.1% | 878K | $495M | — | $412.88 | $598.59 (+45%) | 2026-03-31 |
| AMZN Amazon.Com Inc | 3.5% | 2.0M | $423M | — | $103.29 | $232.79 (+125%) | 2026-03-31 |
| ADI Analog Devices, Inc. | 2.7% | 1.0M | $326M | — | $197.22 | $445.48 (+126%) | 2026-03-31 |
| AAPL Apple Inc. | 2.6% | 1.2M | $311M | — | $164.90 | $297.01 (+80%) | 2026-03-31 |
| GS Goldman Sachs Group Inc. | 2.5% | 359K | $304M | — | $327.11 | $1,106.37 (+238%) | 2026-03-31 |
| V VISA Inc. | 2.5% | 1.0M | $304M | ▲ 0.5% (+5K) | $225.46 | $326.60 (+45%) | 2026-03-31 |
| HD Home Depot, Inc. | 2.5% | 920K | $303M | — | $295.12 | $326.62 (+11%) | 2026-03-31 |
| CAT Caterpillar Inc. | 1.9% | 329K | $233M | — | $228.84 | $1,022.28 (+347%) | 2026-03-31 |
| WSO Watsco, Inc. | 1.8% | 582K | $212M | ▲ 0.8% (+4K) | $318.16 | $397.16 (+25%) | 2026-03-31 |
| BLK Blackrock, Inc. | 1.8% | 220K | $212M | — | $1,025.11 | $1,051.74 (+3%) | 2026-03-31 |
| MSFT MICROSOFT CORP | 1.7% | 538K | $199M | — | $288.30 | $367.34 (+27%) | 2026-03-31 |
| DIS The Walt Disney Company | 1.6% | 2.0M | $196M | — | $100.13 | $102.45 (+2%) | 2026-03-31 |
| FNV Franco-Nevada Corporation | 1.5% | 708K | $175M | ▲ 3.7% (+25K) | $118.52 | $220.73 (+86%) | 2026-03-31 |
| LOW Lowe's Companies Inc. | 1.5% | 738K | $174M | ▲ 0.5% (+4K) | $199.97 | $214.40 (+7%) | 2026-03-31 |
| LPLA LPL Financial Holdings Inc. | 1.4% | 560K | $168M | — | $202.40 | $297.62 (+47%) | 2026-03-31 |
| GOOGL Alphabet Inc. Class A Common Stock | 1.4% | 572K | $164M | — | $103.73 | $349.68 (+237%) | 2026-03-31 |
| PGR Progressive Corporation | 1.2% | 754K | $149M | — | $143.06 | $207.38 (+45%) | 2026-03-31 |
| JNJ Johnson & Johnson | 1.2% | 611K | $149M | — | $155.00 | $231.29 (+49%) | 2026-03-31 |
| AXP American Express Company | 1.2% | 490K | $148M | — | $164.95 | $338.07 (+105%) | 2026-03-31 |
| META Meta Platforms, Inc. Class A Common Stock | 1.2% | 248K | $142M | — | $211.94 | $563.85 (+166%) | 2026-03-31 |
| BX Blackstone Inc. | 1.2% | 1.2M | $141M | — | $87.84 | $123.26 (+40%) | 2026-03-31 |
| TXN Texas Instruments Incorporated | 1.2% | 724K | $141M | — | $186.01 | $332.28 (+79%) | 2026-03-31 |
| RLI RLI Corp. | 1.1% | 2.4M | $137M | — | $132.91 | $52.74 (−60%) | 2026-03-31 |
| KKR KKR & Co. Inc. | 1.1% | 1.5M | $134M | — | $52.52 | $96.90 (+85%) | 2026-03-31 |
| GD General Dynamics Corporation | 1.1% | 391K | $134M | — | $228.21 | $343.36 (+50%) | 2026-03-31 |
| MRSH Marsh | 1.1% | 764K | $132M | — | $166.55 | $160.12 (−4%) | 2026-03-31 |
| SCHW The Charles Schwab Corporation | 1.1% | 1.4M | $130M | ▲ 0.6% (+8K) | $52.38 | $92.03 (+76%) | 2026-03-31 |
| APO Apollo Global Management, Inc. | 0.9% | 1.0M | $113M | — | $63.16 | $135.21 (+114%) | 2026-03-31 |
| ADM Archer Daniels Midland Company | 0.9% | 1.5M | $109M | — | $79.66 | $76.29 (−4%) | 2026-03-31 |
| NVO Novo-nordisk A S | 0.9% | 2.9M | $105M | — | $159.14 | $45.88 (−71%) | 2026-03-31 |
| MA Mastercard Incorporated | 0.9% | 208K | $104M | — | $363.41 | $484.09 (+33%) | 2026-03-31 |
| DG Dollar General Corp. | 0.9% | 869K | $103M | — | $210.46 | $112.46 (−47%) | 2026-03-31 |
| DEO Diageo Plc | 0.9% | 1.4M | $102M | — | $181.18 | $79.59 (−56%) | 2026-03-31 |
| LIN Linde plc Ordinary Share | 0.8% | 205K | $101M | ▲ 2.2% (+4K) | $355.44 | $516.71 (+45%) | 2026-03-31 |
| BAM Brookfield Asset Management Ltd. | 0.8% | 2.2M | $98M | — | $32.72 | $47.29 (+45%) | 2026-03-31 |
| MCO Moody's Corporation | 0.8% | 214K | $93M | — | $306.02 | $447.33 (+46%) | 2026-03-31 |
| ITW Illinois Tool Works Inc. | 0.7% | 328K | $85M | — | $243.45 | $265.31 (+9%) | 2026-03-31 |
| ODFL Old Dominion Freight Line | 0.7% | 429K | $84M | ▲ 1.8% (+8K) | $340.84 | $219.52 (−36%) | 2026-03-31 |
| NSC Norfolk Southern Corp. | 0.7% | 282K | $81M | ▲ 3.3% (+9K) | $212.00 | $304.17 (+43%) | 2026-03-31 |
| HEI.A HEICO CORP CL A | 0.7% | 380K | $80M | — | $135.90 | $242.12 (+78%) | 2026-03-31 |
| ROL Rollins, Inc. | 0.7% | 1.5M | $80M | ▲ 0.6% (+9K) | $37.53 | $44.41 (+18%) | 2026-03-31 |
| NVR NVR, Inc. | 0.7% | 12K | $80M | ▲ 0.7% (+80) | $5,572.19 | $6,352.55 (+14%) | 2026-03-31 |
| MSCI MSCI, Inc. | 0.6% | 143K | $77M | — | $559.69 | $580.85 (+4%) | 2026-03-31 |
| JPM JPMorgan Chase & Co. | 0.6% | 253K | $74M | — | $130.31 | $331.48 (+154%) | 2026-03-31 |
| ECL Ecolab, Inc. | 0.6% | 274K | $73M | — | $165.53 | $269.34 (+63%) | 2026-03-31 |
| CG The Carlyle Group Inc. Common Stock | 0.5% | 1.3M | $64M | — | $31.06 | $44.57 (+43%) | 2026-03-31 |
Showing top 50 of 129 holdings by value.
FAQ ▾
What are Tom Gayner's largest holdings?
As of the latest 13F: Berkshire Hathaway Inc. 6.7%, Alphabet Inc. Class C Capital Stock 6.6%, BERKSHIRE HATHAWAY Class B 6.2%, Brookfield Corporation 4.4%, Deere & Company 4.1%.
How big is Markel Group Inc.'s 13F portfolio?
$11.9B across 129 disclosed U.S.-equity positions.
What is Tom Gayner's 3-year performance?
+55% (13F-replication, price return), -17 pts vs the S&P 500. Not an audited fund return.
Where does this data come from?
U.S. SEC Form 13F-HR institutional holdings filings.
Sourced from SEC Form 13F-HR filings · Not investment advice ▾
Data as of 2026-03-31 · Methodology
13F-replication (price return, filing-date based) — not an audited fund return.
Published by WealthFile · Not investment advice.
Latest activity = change vs. the prior 13F. Avg buy price = est. entry over the trailing 3 years (gain = vs. latest price). Returns are 13F-replication, not audited fund returns. Sourced from SEC 13F filings.