Smart Money Radar / Whales / Tom Gayner
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Tom Gayner

Markel Group Inc. · Holdings as of Mar 31, 2026, filed by May 16, 2026 · 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 · Mar 2026
BRK.A 7% GOOG 7% BRK.B 6% BN 4% DE 4% AMZN 4% ADI 3% AAPL 3% GS 3% V 3% HD 3% CAT 2% WSO 2% BLK 2% MSFT 2%
Top 15 positions shown, 52% of the book; 114 smaller names hold the rest.
SymbolValue% of bookvs prior quarter
BRK.A $800M 7% unchanged
GOOG $789M 7% unchanged
BRK.B $734M 6% unchanged
BN $529M 4% unchanged
DE $495M 4% unchanged
AMZN $423M 4% unchanged
ADI $326M 3% unchanged
AAPL $311M 3% unchanged
GS $304M 3% unchanged
V $304M 3% unchanged
HD $303M 3% unchanged
CAT $233M 2% unchanged
WSO $212M 2% unchanged
BLK $212M 2% unchanged
MSFT $199M 2% unchanged
DIS $196M 2% unchanged
FNV $175M 1% added
LOW $174M 1% unchanged
LPLA $168M 1% unchanged
GOOGL $164M 1% unchanged
PGR $149M 1% unchanged
JNJ $149M 1% unchanged
AXP $148M 1% unchanged
META $142M 1% unchanged
BX $141M 1% unchanged
TXN $141M 1% unchanged
RLI $137M 1% unchanged
KKR $134M 1% unchanged
GD $134M 1% unchanged
MRSH $132M 1% unchanged
SCHW $130M 1% unchanged
APO $113M 1% unchanged
ADM $109M 1% unchanged
NVO $105M 1% unchanged
MA $104M 1% unchanged
DG $103M 1% unchanged
DEO $102M 1% unchanged
LIN $101M 1% added
BAM $98M 1% unchanged
MCO $93M 1% unchanged
ITW $85M 1% unchanged
ODFL $84M 1% unchanged
NSC $81M 1% added
HEI.A $80M 1% unchanged
ROL $80M 1% unchanged
NVR $80M 1% unchanged
MSCI $77M 1% unchanged
JPM $74M 1% unchanged
ECL $73M 1% unchanged
CG $64M 1% unchanged
SUNB $63M 1% new
TSN $57M 0% unchanged
SBUX $56M 0% unchanged
ROK $56M 0% unchanged
SPGI $50M 0% trimmed
THG $49M 0% unchanged
ITIC $46M 0% unchanged
AON $44M 0% unchanged
RTX $43M 0% unchanged
FERG $40M 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.