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
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.
PROEstimated trade prices are PRO
See the average price in the quarter of each buy and sale and the move since. The first row of each group is open as a preview.
New positions 3
Est. buy price PRO
ZTSNewZoetis, Inc. Class A<0.1%
0.04 pt impact
$94.14
-21.1% since
NFLXNewNetflix, Inc.<0.1%
0.02 pt impact
UFPINewUFP Industries, Inc.<0.1%
0.00 pt impact
Added to 22
Est. buy price PRO
MELI+340%MercadoLibre, Inc.0.3%
0.24 pt impact
$1,707.75
+9.9% since
FNV+9.2%Franco-Nevada Corp1.2%
0.10 pt impact
EPD+182%Enterprise Products Partners L.P.0.2%
0.10 pt impact
WSO+2.7%Watsco, Inc.1.9%
0.05 pt impact
LIN+5.4%Linde plc0.9%
0.04 pt impact
APD+17.2%Air Products and Chemicals, Inc.0.2%
0.03 pt impact
V+1.0%Visa Inc. Class A2.6%
0.03 pt impact
TMO+8.9%Thermo Fisher Scientific Inc.0.3%
0.02 pt impact
LOW+1.8%Lowe's Companies, Inc.1.3%
0.02 pt impact
UNP+7.2%Union Pacific Corporation0.3%
0.02 pt impact
CSX+10.3%CSX Corporation0.2%
0.02 pt impact
WY+586%Weyerhaeuser Company<0.1%
0.02 pt impact
+10 more positions
Trimmed 3
Est. sell price PRO
ADI-2.3%Analog Devices, Inc.3.0%
-0.07 pt impact
$395.80
+4.8% since
META-5.7%Meta Platforms Inc Class A1.0%
-0.06 pt impact
CMCSA-16.6%Comcast Corporation Class A0.1%
-0.03 pt impact
Sold out 2
Est. sell price PRO
SMGSoldScotts Miracle-Gro Company Class A<0.1%
-0.09 pt impact
$61.94
-19.1% since
UNHSoldUnitedHealth Group Incorporated<0.1%
-0.04 pt impact
MakklerAI
Ask MakklerAI about Tom Gayner's portfolio
Explore this quarter's moves and where each position stands against its estimated buy price and Makkler Fair Value. Answers are based on the 13F and today's prices.