Smart Money Radar / Whales / Tom Gayner
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Tom Gayner

Markel Group Inc. · Holdings as of Mar 31, 2025, filed by May 16, 2025 · US long stock positions only

Insurance float compounder in the Berkshire mold.

Reported value
$11B
60 positions shown
Copycat since 2016
3.25x
12% per year
vs SPY
behind
SPY 3.57x same window
Top position
BRK.A
8% of book

Copying these filings vs SPY

$1 at every deadline since 2016
SPY 3.57x Tom Gayner 3.25x
Price returns, dividends excluded on both lines. A copycat of public filings traded at each deadline, not the fund's actual performance.
Mar 2026 Dec 2025 Sep 2025 Jun 2025 Mar 2025 Dec 2024 Sep 2024 Jun 2024 Mar 2024 Dec 2023 Sep 2023 Jun 2023

The book

tile = share of the filed book · tap a tile for the ticker · Mar 2025
BRK.A 8% BRK.B 7% BN 4% GOOG 4% DE 4% AMZN 3% V 3% HD 3% WSO 3% AAPL 2% ADI 2% PGR 2% BLK 2% DIS 2% GS 2%
Top 15 positions shown, 51% of the book; 120 smaller names hold the rest.
SymbolValue% of bookvs prior quarter
BRK.A $889M 8% unchanged
BRK.B $816M 7% unchanged
BN $457M 4% unchanged
GOOG $430M 4% unchanged
DE $412M 4% unchanged
AMZN $386M 3% unchanged
V $350M 3% unchanged
HD $337M 3% unchanged
WSO $300M 3% unchanged
AAPL $273M 2% unchanged
ADI $235M 2% unchanged
PGR $213M 2% unchanged
BLK $208M 2% unchanged
DIS $201M 2% unchanged
GS $196M 2% unchanged
MSFT $196M 2% unchanged
RLI $192M 2% added
MRSH $181M 2% unchanged
LPLA $176M 2% unchanged
BX $172M 2% unchanged
KKR $168M 1% unchanged
LOW $165M 1% unchanged
META $161M 1% unchanged
NVO $149M 1% unchanged
DEO $143M 1% unchanged
APO $139M 1% unchanged
AXP $130M 1% unchanged
TXN $130M 1% unchanged
MA $114M 1% unchanged
CAT $108M 1% unchanged
SCHW $107M 1% unchanged
GD $107M 1% unchanged
BAM $106M 1% unchanged
JNJ $101M 1% unchanged
MCO $100M 1% unchanged
GOOGL $86M 1% unchanged
NVR $86M 1% unchanged
LIN $84M 1% added
FNV $83M 1% added
ITW $81M 1% unchanged
MSCI $81M 1% unchanged
HEI.A $80M 1% unchanged
ROL $79M 1% unchanged
SPGI $77M 1% unchanged
DG $76M 1% added
ADM $74M 1% added
ECL $70M 1% unchanged
JPM $62M 1% unchanged
SBUX $61M 1% unchanged
CG $58M 1% unchanged
NSC $54M 0% unchanged
FDS $53M 0% unchanged
FDX $52M 0% added
ODFL $52M 0% added
AON $52M 0% added
ITIC $51M 0% unchanged
TSN $51M 0% unchanged
unlisted $50M 0% unchanged
THG $49M 0% added
VRSK $46M 0% unchanged
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.