Smart Money Radar / Whales / Tom Gayner
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Tom Gayner

Markel Group Inc. · Holdings as of Jun 30, 2025, filed by Aug 15, 2025 · US long stock positions only

Insurance float compounder in the Berkshire mold.

Reported value
$12B
60 positions shown
Copycat since 2016
3.25x
12% per year
vs SPY
behind
SPY 3.57x same window
Top position
BRK.A
7% 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 · Jun 2025
BRK.A 7% BRK.B 6% BN 5% GOOG 4% DE 4% AMZN 4% V 3% HD 3% ADI 2% MSFT 2% GS 2% DIS 2% AAPL 2% WSO 2% BLK 2%
Top 15 positions shown, 50% of the book; 122 smaller names hold the rest.
SymbolValue% of bookvs prior quarter
BRK.A $812M 7% unchanged
BRK.B $744M 6% unchanged
BN $539M 5% unchanged
GOOG $488M 4% unchanged
DE $446M 4% unchanged
AMZN $446M 4% unchanged
V $355M 3% unchanged
HD $337M 3% unchanged
ADI $278M 2% unchanged
MSFT $262M 2% unchanged
GS $254M 2% unchanged
DIS $252M 2% unchanged
AAPL $252M 2% unchanged
WSO $250M 2% trimmed
BLK $231M 2% unchanged
META $207M 2% unchanged
LPLA $204M 2% unchanged
PGR $201M 2% unchanged
KKR $193M 2% unchanged
BX $184M 2% unchanged
RLI $173M 1% unchanged
MRSH $164M 1% unchanged
LOW $159M 1% unchanged
NVO $156M 1% added
AXP $154M 1% unchanged
TXN $150M 1% unchanged
APO $144M 1% unchanged
DEO $138M 1% unchanged
CAT $128M 1% unchanged
SCHW $125M 1% unchanged
BAM $121M 1% unchanged
MA $117M 1% unchanged
GD $114M 1% unchanged
MCO $107M 1% unchanged
GOOGL $101M 1% added
DG $99M 1% unchanged
HEI.A $98M 1% unchanged
FNV $93M 1% added
JNJ $93M 1% unchanged
NVR $88M 1% unchanged
LIN $88M 1% added
ADM $83M 1% unchanged
ROL $83M 1% unchanged
MSCI $82M 1% unchanged
ITW $81M 1% unchanged
SPGI $79M 1% unchanged
ECL $74M 1% unchanged
JPM $73M 1% unchanged
CG $68M 1% unchanged
NSC $61M 1% added
SBUX $57M 0% unchanged
ODFL $56M 0% added
FDS $52M 0% unchanged
ROK $51M 0% unchanged
VRSK $49M 0% unchanged
FDX $48M 0% unchanged
THG $48M 0% unchanged
unlisted $48M 0% unchanged
AON $46M 0% unchanged
TSN $46M 0% added
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.