Tom Gayner

Markel Group

CEO of Markel Group, often called a 'baby Berkshire'. Invests the insurer's capital in quality companies for the long term.

13F portfolio value

Q2 2026

$13.13B

1-year growth

+11.0%

2-year growth

+29.2%

Positions

130

Top 10 share

42.9%

Quarterly turnover

0.3%

Last filed

Jul 31, 2026

Source: SEC EDGAR

Q2 2026: summary

MakklerAI
  • Markel’s 13F portfolio grew from $11.9B to $13.1B quarter over quarter, with 130 positions and 0.3% turnover.
  • GOOG was the largest holding at 7.4%, up from 6.6% in the prior quarter; the top ten made up 42.9% of the portfolio.
  • MELI shares increased 340.4% to $41M (0.3% weight), while FNV rose 9.2% to $161M (1.2%).
  • SMG and UNH were exited; META was reduced 5.7% and ADI 2.3%. The filing also reported 22 additions and three reductions.

PROStill at the same price?

A 13F arrives 45 days late. See the estimated buy price of the other 128 positions, the move since, and where each stands against Makkler Fair Value with MakklerPRO.

Values are US dollar amounts as of the filing. The estimated buy price is the quarter's average close; Fair Value is the same model as on Makkler's stock pages.

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