What Thomas Gayner bought and sold in Q4 2025
In Q4 2025, Thomas Gayner (Markel Group) opened 1 new position — including BRO (<0.1%), added to 14, trimmed 1, exited 2 (FDX, ADBE). The book stood at $12.54B across 128 positions, filed Feb 6, 2026.
1New14Added1Trimmed2Exited
New positions (1)
Added to (14)
- BNBrookfield Corp+50% shares · 4.8% · $600M
- NVONovo-nordisk A/s-spons Adr+21% shares · 1.2% · $146M
- MARMarriott International -cl A+23% shares · 0.2% · $28M
- CSXCsx Corp+54% shares · 0.1% · $16M
- CMECme Group Inc+43% shares · 0.1% · $12M
- HSYHershey Co/the+24% shares · 0.1% · $12M
- CBOECboe Global Markets Inc+46% shares · 0.1% · $10M
- AMATApplied Materials Inc+30% shares · 0.1% · $9M
- HIIHuntington Ingalls Industrie+24% shares · 0.1% · $9M
- XOMExxon Mobil Corp+1167% shares · <0.1% · $5M
- CNICanadian Natl Railway CO+78% shares · <0.1% · $4M
- CPCanadian Pacific Kansas City+63% shares · <0.1% · $4M
- BCBrunswick Corp+43% shares · <0.1% · $4M
- ICEIntercontinental Exchange IN+271% shares · <0.1% · $3M
Trimmed (1)
Exited (2)
Thomas Gayner's other filings
Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.