Markel Group · SEC Form 13F for Sep 30, 2026 · filed Oct 30, 2026
Thomas Gayner
$12.8 billion in 145 stocks
Alphabet (Class C) is 7.3% of it, and five stocks make up 28%. Against Q2 2026: opened 16, added to 4, trimmed 3, sold out of 1.
Copying these filings against the S&P 500
Return per year, May 14, 2014 – Nov 11, 2026, dividends included. Calculated Nov 12, 2026; later filings are not in it. A simulation, not the fund’s return, and the gap changes a lot with the dates.
How this is calculated
We compare two imaginary portfolios over the same dates. One buys an S&P 500 fund (SPY) and keeps it. The other copies this investor: on the first trading day after each 13F filing becomes public, it sells what it holds and buys what the filing lists, in the same proportions, at that day’s closing price. It leaves out options, holds no cash and does not trade between filings.
We use daily prices from Yahoo Finance, dividends included, and check each against the price in the filings before using it. Some holdings have no daily prices, mostly companies that were later bought or delisted, and bonds. For those we use the price from each quarterly filing, which leaves out dividends. For this investor that is 4% of the copy.
Filings come out up to 45 days after the quarter ends, so the copy is always acting on old news. A holding first revealed in a corrected filing counts from the day the correction was filed. Shorts, cash, non-US listings, fees, costs and taxes are left out. The start date is simply where our data begins. This is not a prediction.
Calculation and data limitsWhat changed in Q3 2026
Change in shares since Q2 2026. Changes under 20% are in grey.
Opened16
Zebra Technologies Corp (Class A)0.02% of portfolioMobility Global Inc0.02% of portfolioSilicon Laboratories Inc0.01% of portfolioTyler Technologies Inc0.01% of portfolioVista Gold Corp0.01% of portfolioWillscot Holdings Corp0.01% of portfolioXpo Inc0.01% of portfolioXylem Inc0.01% of portfolioand 8 more in the holdings below
Added to4 + 24 smaller
Zoetis Inc+542%Ufp Industries Inc+250%Netflix+68.8%Weyerhaeuser Co+68.3%Otis Worldwide Corp+9.0%Canadian Pacific Kansas City+8.9%Exxon Mobil+7.7%Enterprise Products Partners+7.6%and 20 more in the holdings below
Trimmed3 + 5 smaller
Airbnb Inc (Class A)−69.7%Comcast−64.0%Yum! Brands Inc−42.1%Costco−13.8%Meta Platforms−10.7%Alphabet (Class A)−9.1%Deere−1.9%Brookfield Asset Mgmt (Class A)−0.9%Sold out1
Brown & Brown Incwas 0.01%The portfolio in one line
Each block is a holding, as wide as its share of the portfolio.
opened or added 20% or more trimmed 20% or more otherwise
145 matching positions
| Company | Weight | This quarter | Reported value | 8 quarters |
|---|---|---|---|---|
Alphabet (Class C)GOOGPosition detailsQuote on Yahoo Finance ↗ 2,749,860 reported shares · $340.74 per unit · $936,987,297 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 7.30% | No change | $937M | |
Berkshire Hathaway (Class A)BRK/APosition detailsQuote on Yahoo Finance ↗ 1,114 reported shares · $747005.00 per unit · $832,163,570 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 6.48% | No change | $832M | |
Berkshire Hathaway (Class B)BRK/BPosition detailsQuote on Yahoo Finance ↗ 1,531,971 reported shares · $497.95 per unit · $762,844,961 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 5.94% | No change | $763M | |
DeereDEPosition detailsQuote on Yahoo Finance ↗ 861,150 reported shares · $671.55 per unit · $578,305,282 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 4.50% | Reduce -1.91% | $578M | |
AmazonAMZNPosition detailsQuote on Yahoo Finance ↗ 2,030,760 reported shares · $249.15 per unit · $505,963,855 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 3.94% | No change | $506M | |
Brookfield CorpBNPosition detailsQuote on Yahoo Finance ↗ 13,073,609 reported shares · $36.46 per unit · $476,663,783 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 3.71% | No change | $477M | |
AppleAAPLPosition detailsQuote on Yahoo Finance ↗ 1,227,290 reported shares · $333.02 per unit · $408,712,116 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 3.18% | No change | $409M | |
Analog DevicesADIPosition detailsQuote on Yahoo Finance ↗ 999,671 reported shares · $396.71 per unit · $396,579,481 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 3.09% | No change | $397M | |
VisaVPosition detailsQuote on Yahoo Finance ↗ 1,013,912 reported shares · $359.33 per unit · $364,328,999 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 2.84% | No change | $364M | |
Goldman SachsGSPosition details359,360 reported shares · $900.36 per unit · $323,553,369 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 2.52% | No change | $324M | |
MicrosoftMSFTPosition detailsQuote on Yahoo Finance ↗ 537,630 reported shares · $512.90 per unit · $275,750,428 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 2.15% | No change | $276M | |
CaterpillarCATPosition detailsQuote on Yahoo Finance ↗ 328,650 reported shares · $810.79 per unit · $266,466,135 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 2.08% | No change | $266M | |
Home DepotHDPosition detailsQuote on Yahoo Finance ↗ 932,000 reported shares · $284.49 per unit · $265,144,681 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 2.06% | Add +1.03% | $265M | |
Blackrock IncBLKPosition detailsQuote on Yahoo Finance ↗ 220,200 reported shares · $1058.29 per unit · $233,035,457 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.81% | No change | $233M | |
Walt DisneyDISPosition detailsQuote on Yahoo Finance ↗ 2,039,165 reported shares · $104.90 per unit · $213,908,409 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.67% | Add +0.37% | $214M | |
Texas InstrumentsTXNPosition detailsQuote on Yahoo Finance ↗ 724,000 reported shares · $280.09 per unit · $202,785,159 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.58% | No change | $203M | |
Watsco IncWSOPosition detailsQuote on Yahoo Finance ↗ 623,010 reported shares · $302.69 per unit · $188,578,898 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.47% | Add +4.23% | $189M | |
Franco-Nevada CorpFNVPosition details787,000 reported shares · $238.11 per unit · $187,392,571 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.46% | Add +1.75% | $187M | |
Alphabet (Class A)GOOGLPosition detailsQuote on Yahoo Finance ↗ 519,975 reported shares · $344.08 per unit · $178,912,998 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.39% | Reduce -9.10% | $179M | |
Lpl Financial Holdings IncLPLAPosition detailsQuote on Yahoo Finance ↗ 566,132 reported shares · $305.80 per unit · $173,123,165 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.35% | Add +1.10% | $173M | |
Johnson & JohnsonJNJPosition detailsQuote on Yahoo Finance ↗ 610,800 reported shares · $264.74 per unit · $161,703,191 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.26% | No change | $162M | |
Progressive CorpPGRPosition detailsQuote on Yahoo Finance ↗ 753,750 reported shares · $207.31 per unit · $156,259,913 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.22% | No change | $156M | |
Meta PlatformsMETAPosition detailsQuote on Yahoo Finance ↗ 209,163 reported shares · $725.18 per unit · $151,680,825 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.18% | Reduce -10.68% | $152M | |
American ExpressAXPPosition detailsQuote on Yahoo Finance ↗ 490,450 reported shares · $304.10 per unit · $149,145,846 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.16% | No change | $149M | |
Lowe’sLOWPosition detailsQuote on Yahoo Finance ↗ 761,480 reported shares · $184.29 per unit · $140,333,149 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.09% | Add +1.26% | $140M | |
Blackstone IncBXPosition detailsQuote on Yahoo Finance ↗ 1,229,000 reported shares · $112.09 per unit · $137,758,610 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.07% | No change | $138M | |
Charles SchwabSCHWPosition detailsQuote on Yahoo Finance ↗ 1,394,800 reported shares · $97.74 per unit · $136,327,752 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.06% | No change | $136M | |
Rli CorpRLIPosition details2,421,922 reported shares · $55.31 per unit · $133,956,506 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.04% | Add +1.14% | $134M | |
KKR & Co IncKKRPosition detailsQuote on Yahoo Finance ↗ 1,451,800 reported shares · $91.30 per unit · $132,549,340 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.03% | No change | $133M | |
Marsh & McLennan CosMRSHPosition detailsQuote on Yahoo Finance ↗ 763,500 reported shares · $170.73 per unit · $130,352,357 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.01% | No change | $130M | |
General Dynamics CorpGDPosition details391,000 reported shares · $331.83 per unit · $129,745,531 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 1.01% | No change | $130M | |
Archer-Daniels-Midland CoADMPosition details1,505,800 reported shares · $79.38 per unit · $119,530,403 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.93% | No change | $120M | |
Apollo Global Management IncAPOPosition detailsQuote on Yahoo Finance ↗ 1,012,500 reported shares · $116.06 per unit · $117,510,750 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.92% | No change | $118M | |
Diageo PLC ADRDEOPosition details1,372,208 reported shares · $85.60 per unit · $117,461,004 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.92% | No change | $117M | |
MastercardMAPosition detailsQuote on Yahoo Finance ↗ 207,540 reported shares · $551.47 per unit · $114,452,084 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.89% | No change | $114M | |
Novo-Nordisk A/S ADRNVOPosition detailsQuote on Yahoo Finance ↗ 2,869,774 reported shares · $37.91 per unit · $108,793,131 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.85% | No change | $109M | |
Linde PLCLINPosition detailsQuote on Yahoo Finance ↗ 220,600 reported shares · $474.65 per unit · $104,707,792 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.82% | Add +2.32% | $105M | |
Dollar General CorpDGPosition detailsQuote on Yahoo Finance ↗ 869,250 reported shares · $119.58 per unit · $103,944,916 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.81% | No change | $104M | |
Moody’sMCOPosition detailsQuote on Yahoo Finance ↗ 213,890 reported shares · $454.13 per unit · $97,133,867 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.76% | No change | $97M | |
Brookfield Asset Mgmt (Class A)BAMPosition details2,173,953 reported shares · $44.58 per unit · $96,914,825 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.76% | Reduce -0.91% | $97M | |
Norfolk Southern CorpNSCPosition detailsQuote on Yahoo Finance ↗ 282,500 reported shares · $309.00 per unit · $87,292,500 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.68% | No change | $87M | |
Heico Corp (Class A)HEI/APosition detailsQuote on Yahoo Finance ↗ 379,644 reported shares · $228.33 per unit · $86,684,115 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.68% | No change | $87M | |
Illinois Tool WorksITWPosition details327,500 reported shares · $257.28 per unit · $84,259,199 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.66% | No change | $84M | |
JPMorgan ChaseJPMPosition detailsQuote on Yahoo Finance ↗ 252,550 reported shares · $330.83 per unit · $83,551,117 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.65% | No change | $84M | |
MSCI IncMSCIPosition detailsQuote on Yahoo Finance ↗ 142,850 reported shares · $538.66 per unit · $76,947,581 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.60% | No change | $77M | |
Ecolab IncECLPosition detailsQuote on Yahoo Finance ↗ 274,300 reported shares · $274.58 per unit · $75,317,294 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.59% | No change | $75M | |
NVRNVRPosition detailsQuote on Yahoo Finance ↗ 12,167 reported shares · $6154.39 per unit · $74,880,463 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.58% | Add +0.58% | $75M | |
Old Dominion Freight LineODFLPosition detailsQuote on Yahoo Finance ↗ 429,150 reported shares · $173.84 per unit · $74,603,436 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.58% | No change | $75M | |
Sunbelt Rentals Holdings IncSUNBPosition detailsQuote on Yahoo Finance ↗ 983,207 reported shares · $73.21 per unit · $71,980,585 reported value 3 recorded quarters of position-weight history; not proof of continuous ownership. | 0.56% | Add +0.91% | $72M | |
Rockwell Automation IncROKPosition details154,900 reported shares · $435.33 per unit · $67,432,617 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.53% | No change | $67M | |
Investors Title CoITICPosition detailsQuote on Yahoo Finance ↗ 213,300 reported shares · $282.90 per unit · $60,342,570 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.47% | No change | $60M | |
Hanover Insurance Group Inc/THGPosition details281,000 reported shares · $214.12 per unit · $60,167,720 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.47% | No change | $60M | |
StarbucksSBUXPosition detailsQuote on Yahoo Finance ↗ 623,818 reported shares · $93.96 per unit · $58,613,939 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.46% | No change | $59M | |
Carlyle Group IncCGPosition detailsQuote on Yahoo Finance ↗ 1,327,000 reported shares · $39.66 per unit · $52,628,820 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.41% | No change | $53M | |
Thermo Fisher ScientificTMOPosition detailsQuote on Yahoo Finance ↗ 74,100 reported shares · $675.05 per unit · $50,021,207 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.39% | Add +1.37% | $50M | |
Rollins IncROLPosition detailsQuote on Yahoo Finance ↗ 1,581,025 reported shares · $30.12 per unit · $47,620,473 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.37% | Add +4.25% | $48M | |
S&P GlobalSPGIPosition detailsQuote on Yahoo Finance ↗ 117,690 reported shares · $394.47 per unit · $46,425,174 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.36% | No change | $46M | |
Tyson Foods Inc (Class A)TSNPosition details913,500 reported shares · $50.53 per unit · $46,159,155 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.36% | No change | $46M | |
Union Pacific CorpUNPPosition detailsQuote on Yahoo Finance ↗ 166,028 reported shares · $272.13 per unit · $45,181,201 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.35% | Add +3.11% | $45M | |
Hagerty Inc (Class A)HGTYPosition details3,108,000 reported shares · $13.46 per unit · $41,833,680 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.33% | No change | $42M | |
Mercadolibre IncMELIPosition detailsQuote on Yahoo Finance ↗ 24,200 reported shares · $1728.53 per unit · $41,830,427 reported value 3 recorded quarters of position-weight history; not proof of continuous ownership. | 0.33% | Add +0.83% | $42M | |
RTXRTXPosition detailsQuote on Yahoo Finance ↗ 224,000 reported shares · $185.65 per unit · $41,585,600 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.32% | No change | $42M | |
Ferguson Enterprises IncFERGPosition detailsQuote on Yahoo Finance ↗ 184,200 reported shares · $222.62 per unit · $41,006,604 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.32% | Add +2.22% | $41M | |
CiscoCSCOPosition detailsQuote on Yahoo Finance ↗ 355,500 reported shares · $107.63 per unit · $38,262,465 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.30% | No change | $38M | |
Aon PLCAONPosition detailsQuote on Yahoo Finance ↗ 135,800 reported shares · $276.77 per unit · $37,585,367 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.29% | No change | $38M | |
Factset Research Systems IncFDSPosition details135,376 reported shares · $269.95 per unit · $36,544,752 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.28% | No change | $37M | |
HCA Healthcare IncHCAPosition detailsQuote on Yahoo Finance ↗ 84,972 reported shares · $426.74 per unit · $36,260,952 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.28% | Add +0.72% | $36M | |
Marriott International (Class A)MARPosition detailsQuote on Yahoo Finance ↗ 99,750 reported shares · $355.67 per unit · $35,478,084 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.28% | Add +0.25% | $35M | |
Allstate CorpALLPosition details154,550 reported shares · $221.86 per unit · $34,288,463 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.27% | No change | $34M | |
Lockheed Martin CorpLMTPosition details65,213 reported shares · $509.25 per unit · $33,209,721 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.26% | No change | $33M | |
T Rowe Price Group IncTROWPosition details314,000 reported shares · $104.05 per unit · $32,671,701 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.25% | No change | $33M | |
United Rentals IncURIPosition detailsQuote on Yahoo Finance ↗ 31,150 reported shares · $1000.78 per unit · $31,174,297 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.24% | No change | $31M | |
CostcoCOSTPosition detailsQuote on Yahoo Finance ↗ 33,748 reported shares · $910.34 per unit · $30,722,154 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.24% | Reduce -13.80% | $31M | |
Sherwin-Williams CoSHWPosition detailsQuote on Yahoo Finance ↗ 94,172 reported shares · $323.27 per unit · $30,442,983 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.24% | No change | $30M | |
Zoetis IncZTSPosition detailsQuote on Yahoo Finance ↗ 425,296 reported shares · $69.83 per unit · $29,698,420 reported value Previous recorded weight: 0.04% 2 recorded quarters of position-weight history; not proof of continuous ownership. | 0.23% | Add +542.49% | $30M | |
AccentureACNPosition detailsQuote on Yahoo Finance ↗ 159,400 reported shares · $183.37 per unit · $29,229,178 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.23% | No change | $29M | |
Lamar Advertising Co (Class A)LAMRPosition detailsQuote on Yahoo Finance ↗ 193,000 reported shares · $144.11 per unit · $27,813,230 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.22% | No change | $28M | |
CSX CorpCSXPosition detailsQuote on Yahoo Finance ↗ 597,500 reported shares · $46.51 per unit · $27,789,725 reported value 6 recorded quarters of position-weight history; not proof of continuous ownership. | 0.22% | Add +2.22% | $28M | |
Verisk Analytics IncVRSKPosition detailsQuote on Yahoo Finance ↗ 155,950 reported shares · $167.85 per unit · $26,176,208 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.20% | No change | $26M | |
Air Products & Chemicals IncAPDPosition detailsQuote on Yahoo Finance ↗ 92,750 reported shares · $278.23 per unit · $25,805,833 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.20% | Add +4.80% | $26M | |
Crown Holdings IncCCKPosition details220,000 reported shares · $105.41 per unit · $23,190,200 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.18% | No change | $23M | |
Brown-Forman Corp (Class A)BF/APosition detailsQuote on Yahoo Finance ↗ 843,000 reported shares · $26.83 per unit · $22,617,690 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.18% | No change | $23M | |
Renaissancere Hldgs LtdPosition details70,000 reported shares · $318.23 per unit · $22,276,100 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.17% | No change | $22M | |
Enterprise Products PartnersEPDPosition detailsQuote on Yahoo Finance ↗ 612,000 reported shares · $35.61 per unit · $21,793,320 reported value 3 recorded quarters of position-weight history; not proof of continuous ownership. | 0.17% | Add +7.56% | $22M | |
Philip Morris InternationalPMPosition detailsQuote on Yahoo Finance ↗ 114,500 reported shares · $190.82 per unit · $21,848,891 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.17% | No change | $22M | |
Comfort Systems USA IncFIXPosition details13,000 reported shares · $1654.09 per unit · $21,503,170 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.17% | No change | $22M | |
Yum! Brands IncYUMPosition detailsQuote on Yahoo Finance ↗ 142,059 reported shares · $136.34 per unit · $19,368,324 reported value Previous recorded weight: 0.30% 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.15% | Reduce -42.07% | $19M | |
Applied Materials IncAMATPosition detailsQuote on Yahoo Finance ↗ 36,350 reported shares · $511.38 per unit · $18,588,663 reported value 6 recorded quarters of position-weight history; not proof of continuous ownership. | 0.14% | No change | $19M | |
Bank of New York Mellon CorpBKPosition details124,500 reported shares · $144.63 per unit · $18,006,435 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.14% | No change | $18M | |
Sei Investments CompanySEICPosition detailsQuote on Yahoo Finance ↗ 173,200 reported shares · $102.66 per unit · $17,780,712 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.14% | No change | $18M | |
Capital OneCOFPosition detailsQuote on Yahoo Finance ↗ 91,000 reported shares · $193.07 per unit · $17,569,370 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.14% | No change | $18M | |
Wells FargoWFCPosition detailsQuote on Yahoo Finance ↗ 204,450 reported shares · $80.05 per unit · $16,366,223 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.13% | No change | $16M | |
Hexcel CorpHXLPosition details189,000 reported shares · $83.92 per unit · $15,860,880 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.12% | No change | $16M | |
NikeNKEPosition detailsQuote on Yahoo Finance ↗ 447,400 reported shares · $35.40 per unit · $15,837,960 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.12% | No change | $16M | |
Shopify Inc (Class A)SHOPPosition detailsQuote on Yahoo Finance ↗ 102,750 reported shares · $148.30 per unit · $15,237,825 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.12% | No change | $15M | |
Paychex IncPAYXPosition detailsQuote on Yahoo Finance ↗ 150,000 reported shares · $98.50 per unit · $14,775,000 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.12% | No change | $15M | |
Carrier Global CorpCARRPosition details240,000 reported shares · $54.86 per unit · $13,166,400 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.10% | Add +2.13% | $13M | |
CME Group IncCMEPosition detailsQuote on Yahoo Finance ↗ 49,750 reported shares · $261.98 per unit · $13,033,505 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.10% | No change | $13M | |
Iqvia Holdings IncIQVPosition detailsQuote on Yahoo Finance ↗ 46,900 reported shares · $268.85 per unit · $12,609,065 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.10% | No change | $13M | |
Spotify Technology S ASPOTPosition detailsQuote on Yahoo Finance ↗ 25,900 reported shares · $487.38 per unit · $12,623,142 reported value 8 recorded quarters of position-weight history; not proof of continuous ownership. | 0.10% | No change | $13M |
How to read this table
- Weight is a holding’s share of the reported portfolio, not of everything the manager runs.
- Price per unit is the reported value divided by the reported shares at quarter end.
- Some filings state dollar values in thousands. Those are shown here in dollars.
- Share changes compare two filings. They can reflect splits or corrections as well as trades.
- Every change is listed here. Across the site, an investor counts as adding or reducing only when the change is 20% or more, or a position is opened or closed.
- “N/A” means the two filings could not be compared, not that nothing changed.
- Filings do not show trade dates or reasons.
Positions without a verified stock-page match have no stock link. Their reported positions remain in this table. Inspect the manager's SEC filings ↗
Source: SEC Form 13F for Sep 30, 2026, filed Oct 30, 2026 · Form 13F 0001096343-26-000085 ↗SEC filing index ↗ · A filing lists long US-listed positions at quarter end. It is not a live portfolio and gives no reasons for a change.
About Thomas Gayner
Tom Gayner joined Markel in 1990 to establish Markel Gayner Asset Management. He later became co-CEO and then CEO of Markel Group. Firm background ↗
In its portfolio for the quarter ended Mar 31, 2014, Markel Group’s largest reported positions included Carmax, Berkshire Hathaway, Inc., Berkshire Hathaway (Class B). Historical filing ↗
In the filing dated Oct 30, 2026, Markel Group reported as Markel Group Inc. with an office in Glen Allen. Thomas S. Gayner, Chairman and Chief Executive Officer, signed the filing. SEC cover page ↗
Similar portfolios
Mairs & Power Funds · 4 shared top-ten holdings
Bill Ackman · 3 shared top-ten holdings
Duan Yongping · 3 shared top-ten holdings