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← Thomas Gayner

Thomas Gayner's 2025Q3 portfolio

Thomas Gayner (Markel Group) held 110 positions as of Sep 30, 2025, with the largest position at 6.8% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2025Q3but have since been exited aren't included in this table — for a full point-in-time reconstruction, use the SEC EDGAR filing directly.

Holdings as of Sep 30, 2025 (110)

  1. 1BRK/ABerkshire Hathaway Inc-cl A
    % port
    6.8%
    now 6.7%
  2. 2BRK/BBerkshire Hathaway Inc-cl B
    % port
    6.3%
    now 6.1%
  3. 3GOOGAlphabet Inc-cl C
    % port
    5.4%
    +1.3pp vs prior Qnow 6.6%
  4. 4BNBrookfield Corp
    % port
    4.9%
    +0.3pp vs prior Qnow 4.4%
  5. 5AMZNAmazon.com Inc
    % port
    3.6%
    -0.1pp vs prior Q
  6. 6DEDeere & CO
    % port
    3.3%
    -0.5pp vs prior Qnow 4.1%
  7. 7HDHome Depot Inc
    % port
    3.0%
    +0.2pp vs prior Qnow 2.5%
  8. 8VVisa Inc-class A Shares
    % port
    2.8%
    -0.2pp vs prior Qnow 2.5%
  9. 9AAPLApple Inc
    % port
    2.5%
    +0.4pp vs prior Q
  10. 10ADIAnalog Devices Inc
    % port
    2.3%
    now 2.7%
  11. 11GSGoldman Sachs Group Inc
    % port
    2.3%
    +0.2pp vs prior Qnow 2.5%
  12. 12MSFTMicrosoft Corp
    % port
    2.2%
    now 1.7%
  13. 13BLKBlackrock Inc
    % port
    2.1%
    +0.1pp vs prior Qnow 1.8%
  14. 14DISWalt Disney Co/the
    % port
    1.9%
    -0.2pp vs prior Qnow 1.6%
  15. 15WSOWatsco Inc
    % port
    1.9%
    -0.3pp vs prior Q
  16. 16BXBlackstone Inc
    % port
    1.7%
    +0.1pp vs prior Qnow 1.2%
  17. 17METAMeta Platforms Inc-class A
    % port
    1.7%
    now 1.2%
  18. 18KKRKkr & CO Inc
    % port
    1.5%
    -0.1pp vs prior Qnow 1.1%
  19. 19PGRProgressive Corp
    % port
    1.5%
    -0.2pp vs prior Qnow 1.3%
  20. 20LPLALpl Financial Holdings Inc
    % port
    1.5%
    -0.2pp vs prior Q
  21. 21LOWLowe's Cos Inc
    % port
    1.5%
    +0.1pp vs prior Q
  22. 22AXPAmerican Express CO
    % port
    1.3%
  23. 23CATCaterpillar Inc
    % port
    1.3%
    +0.2pp vs prior Qnow 1.9%
  24. 24RLIRli Corp
    % port
    1.3%
    -0.2pp vs prior Qnow 1.1%
  25. 25MRSHMarsh & Mclennan Cos
    % port
    1.2%
    -0.1pp vs prior Qnow 1.1%
  26. 26GOOGLAlphabet Inc-cl A
    % port
    1.1%
    +0.3pp vs prior Qnow 1.4%
  27. 27FNVFranco-nevada Corp
    % port
    1.1%
    +0.3pp vs prior Qnow 1.5%
  28. 28APOApollo Global Management Inc
    % port
    1.1%
    -0.1pp vs prior Qnow 0.9%
  29. 29GDGeneral Dynamics Corp
    % port
    1.1%
    +0.1pp vs prior Q
  30. 30TXNTexas Instruments Inc
    % port
    1.1%
    -0.2pp vs prior Q
  31. 31NVONovo-nordisk A/s-spons Adr
    % port
    1.1%
    -0.3pp vs prior Qnow 0.9%
  32. 32DEODiageo Plc-sponsored Adr
    % port
    1.1%
    -0.1pp vs prior Qnow 0.9%
  33. 33SCHWSchwab (charles) Corp
    % port
    1.1%
  34. 34BAMBrookfield Asset Mgmt-a
    % port
    1.0%
    now 0.8%
  35. 35MAMastercard Inc - A
    % port
    1.0%
  36. 36JNJJohnson & Johnson
    % port
    0.9%
    +0.1pp vs prior Qnow 1.3%
  37. 37MCOMoody's Corp
    % port
    0.8%
  38. 38HEI/AHeico Corp-class A
    % port
    0.8%
    now 0.7%
  39. 39NVRNvr Inc
    % port
    0.8%
    now 0.7%
  40. 40LINLinde Plc
    % port
    0.7%
    now 0.8%
  41. 41ADMArcher-daniels-midland CO
    % port
    0.7%
    now 0.9%
  42. 42DGDollar General Corp
    % port
    0.7%
    -0.1pp vs prior Qnow 0.9%
  43. 43ROLRollins Inc
    % port
    0.7%
  44. 44ITWIllinois Tool Works
    % port
    0.7%
  45. 45CGCarlyle Group Inc/the
    % port
    0.7%
    now 0.5%
  46. 46MSCIMsci Inc
    % port
    0.7%
  47. 47JPMJpmorgan Chase & CO
    % port
    0.6%
  48. 48NSCNorfolk Southern Corp
    % port
    0.6%
    +0.1pp vs prior Q
  49. 49ECLEcolab Inc
    % port
    0.6%
  50. 50SPGIS&p Global Inc
    % port
    0.6%
    now 0.4%

13F-HR filings disclose long US-equity positions only. 13Fs don't cover shorts, bonds, derivatives, or non-US listings, so the picture here is the public part of the portfolio — not the whole.

Not investment advice.