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.
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.
GOOGAlphabet Inc. Class C7.4%Unchanged- Price
- $349.52
- Since est. buy
- -2.2%
- Fair Value gap
- +33.3%
BRK-ABerkshire Hathaway Inc. Class A6.4%Unchanged- Price
- $780,350.00
- Since est. buy
- +8.2%
- Fair Value gap
- +11.0%
BRK-BBerkshire Hathaway Inc. Class B5.8%Unchanged- Price
- $520.59
- Since est. buy
- Fair Value gap
DEDeere & Company4.2%Unchanged- Price
- $650.00
- Since est. buy
- Fair Value gap
BNBrookfield Corporation4.2%Unchanged- Price
- $36.67
- Since est. buy
- Fair Value gap
AMZNAmazon.com, Inc.3.7%Unchanged- Price
- $258.58
- Since est. buy
- Fair Value gap
ADIAnalog Devices, Inc.3.0%-2.3%- Price
- $414.70
- Since est. buy
- Fair Value gap
GSGoldman Sachs Group, Inc.2.8%Unchanged- Price
- $891.91
- Since est. buy
- Fair Value gap
AAPLApple Inc.2.7%Unchanged- Price
- $341.27
- Since est. buy
- Fair Value gap
CATCaterpillar Inc.2.7%Unchanged- Price
- $772.78
- Since est. buy
- Fair Value gap
VVisa Inc. Class A2.6%+1.0%- Price
- $396.06
- Since est. buy
- Fair Value gap
HDHome Depot, Inc.2.5%Unchanged- Price
- $293.92
- Since est. buy
- Fair Value gap
WSOWatsco, Inc.1.9%+2.7%- Price
- $291.50
- Since est. buy
- Fair Value gap
TXNTexas Instruments Incorporated1.6%Unchanged- Price
- $287.85
- Since est. buy
- Fair Value gap
BLKBlackRock, Inc.1.6%Unchanged- Price
- $1,066.12
- Since est. buy
- Fair Value gap
GOOGLAlphabet Inc. Class A1.6%Unchanged- Price
- $353.78
- Since est. buy
- Fair Value gap
MSFTMicrosoft Corporation1.5%Unchanged- Price
- $543.45
- Since est. buy
- Fair Value gap
DISWalt Disney Company1.5%Unchanged- Price
- $108.58
- Since est. buy
- Fair Value gap
AXPAmerican Express Company1.3%Unchanged- Price
- $309.84
- Since est. buy
- Fair Value gap
LOWLowe's Companies, Inc.1.3%+1.8%- Price
- $188.74
- Since est. buy
- Fair Value gap
PGRProgressive Corporation1.3%Unchanged- Price
- $222.88
- Since est. buy
- Fair Value gap
FNVFranco-Nevada Corp1.2%+9.2%- Price
- $243.85
- Since est. buy
- Fair Value gap
LPLALPL Financial Holdings Inc.1.2%Unchanged- Price
- $325.63
- Since est. buy
- Fair Value gap
JNJJohnson & Johnson1.2%Unchanged- Price
- $248.61
- Since est. buy
- Fair Value gap
BXBlackstone Inc.1.1%Unchanged- Price
- $109.98
- Since est. buy
- Fair Value gap
RLIRLI Corp.1.1%Unchanged- Price
- $57.10
- Since est. buy
- Fair Value gap
GDGeneral Dynamics Corporation1.1%Unchanged- Price
- $332.42
- Since est. buy
- Fair Value gap
NVONovo-Nordisk A/S-Spons Adr1.0%Unchanged- Price
- $38.06
- Since est. buy
- Fair Value gap
KKRKKR & Co Inc1.0%Unchanged- Price
- $87.16
- Since est. buy
- Fair Value gap
METAMeta Platforms Inc Class A1.0%-5.7%- Price
- $762.50
- Since est. buy
- Fair Value gap
SCHWCharles Schwab Corp1.0%+0.8%- Price
- $95.94
- Since est. buy
- Fair Value gap
MRSHMarsh & McLennan Companies, Inc.1.0%Unchanged- Price
- $177.01
- Since est. buy
- Fair Value gap
APOApollo Global Management Inc0.9%Unchanged- Price
- $116.28
- Since est. buy
- Fair Value gap
ADMArcher-Daniels-Midland Company0.9%Unchanged- Price
- $83.20
- Since est. buy
- Fair Value gap
LINLinde plc0.9%+5.4%- Price
- $492.11
- Since est. buy
- Fair Value gap
DEODiageo Plc-Sponsored Adr0.8%Unchanged- Price
- $90.43
- Since est. buy
- Fair Value gap
MAMastercard Incorporated Class A0.8%Unchanged- Price
- $604.80
- Since est. buy
- Fair Value gap
DGDollar General Corporation0.8%Unchanged- Price
- $125.00
- Since est. buy
- Fair Value gap
BAMBrookfield Asset Management Ltd. Class A0.7%Unchanged- Price
- $45.23
- Since est. buy
- Fair Value gap
HEI-AHEICO Corporation Class A0.7%Unchanged- Price
- $221.19
- Since est. buy
- Fair Value gap
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.
MakklerAI
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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.