Markel Group

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 2, 2024), Tom Gayner's Markel Group reported 133 stock positions worth $10.2 billion. Its top holding was Berkshire Hathaway Class A (BRK.A) at 6.7% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 6.1%) and Alphabet Class C (GOOG, 5.0%). Compared with Q1 2024, it opened 2 new positions, sold out of 1, added to 43 and reduced 2. The biggest buy was Apple (AAPL, shares +0%) and the biggest sale CVS Health (CVS, shares −86%).

Most Recent 13F
Q2 2026
Notable People
Tom Gayner
Location
Glen Allen, VA
CIK
0001096343
Portfolio Value
$10.2B (Q2 2024)
SEC Filing
0001096343-24-000109 ↗ filed Aug 2, 2024

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $10.1B Q1 2024 Q2 2024: $10.2B $10.2B Q2 2024 Q3 2024: $11.1B Q3 2024 Q4 2024: $11.3B Q4 2024 Q1 2025: $11.3B Q1 2025 Q2 2025: $11.8B Q2 2025 Q3 2025: $12.3B Q3 2025 Q4 2025: $12.5B Q4 2025 Q1 2026: $11.9B Q1 2026 Q2 2026: $13.1B Q2 2026

Holdings 133 stocks · $10.2B
BRK.A Berkshire Hathaway Inc. Class A 6.71% 1,114 $682.0M No change
BRK.B Berkshire Hathaway Inc. Class B 6.13% 1,531,971 $623.2M No change
GOOG Alphabet Inc. Class C 4.96% 2,749,860 $504.4M No change
AMZN Amazon.com Inc. 3.86% 2,030,760 $392.4M No change
BN Brookfield Corp. 3.56% 8,715,741 $362.1M No change
HD Home Depot Inc. 3.12% 920,000 $316.7M No change
DE Deere & Co. 3.11% 845,350 $315.8M Add +2.6%
NVO Novo-Nordisk A/S-Spons ADR 3.02% 2,150,000 $306.9M No change
ADI Analog Devices Inc. 2.62% 1,167,671 $266.5M Add +0.0%
WSO Watsco Inc. 2.60% 571,250 $264.6M Add +0.9%
V Visa Inc. Class A 2.58% 999,285 $262.3M No change
AAPL Apple Inc. 2.54% 1,227,290 $258.5M Add +0.0%
MSFT Microsoft Corp. 2.23% 507,480 $226.8M Add +0.9%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.98% 2,031,665 $201.7M No change
BLK BlackRock Finance Inc. 1.71% 220,200 $173.4M No change
DEO Diageo PLC-Sponsored ADR 1.70% 1,366,708 $172.3M Add +0.5%
RLI Rli Corp. 1.66% 1,197,272 $168.4M No change
GS Goldman Sachs Group Inc. 1.60% 359,360 $162.5M No change
PGR Progressive Corp. 1.54% 753,750 $156.6M No change
KKR KKR & Co. Inc. 1.50% 1,451,800 $152.8M No change
BX Blackstone Inc. 1.50% 1,229,000 $152.2M No change
LOW Lowe's Cos Inc. 1.47% 675,980 $149.0M Add +1.9%
MRSH Marsh & McLennan Cos 1.46% 706,500 $148.9M Add +1.8%
TXN Texas Instruments Inc. 1.39% 724,000 $140.8M No change
META Meta Platforms Inc. Class A 1.34% 270,981 $136.6M Add +1.2%
LPLA LPL Financial Holdings Inc. 1.32% 481,791 $134.6M Add +6.0%
APO Apollo Global Management Inc. 1.18% 1,012,500 $119.5M No change
GD General Dynamics Corp. 1.12% 391,000 $113.4M No change
AXP American Express Co. 1.10% 484,250 $112.1M No change
CAT Caterpillar Inc. 1.02% 311,500 $103.8M Add +1.3%
GOOGL Alphabet Inc. Class A 0.99% 555,000 $101.1M No change
SCHW Schwab (charles) Corp. 0.99% 1,366,766 $100.7M Add +1.0%
DG Dollar General Corp. 0.91% 697,250 $92.2M Add +3.3%
MA Mastercard Inc. Class A 0.90% 207,540 $91.6M No change
MCO Moody's Corp. 0.89% 213,890 $90.0M No change
JNJ Johnson & Johnson 0.88% 610,800 $89.3M No change
ADM Archer-Daniels-Midland Co. 0.87% 1,463,300 $88.5M No change
NVR NVR Inc. 0.86% 11,529 $87.5M Add +1.6%
BAM Brookfield Asset Mgmt-A 0.82% 2,193,953 $83.5M No change
ITW Illinois Tool Works 0.76% 327,500 $77.6M No change
ROL Rollins Inc. 0.69% 1,439,275 $70.2M Add +0.9%
MSCI MSCI Inc. 0.68% 142,850 $68.8M No change
HEI.A Heico Corp. Class A 0.66% 379,644 $67.4M No change
SPGI S&P Global Inc. 0.66% 150,690 $67.2M No change
ECL Ecolab Inc. 0.64% 274,300 $65.3M No change
LIN Linde PLC 0.62% 143,500 $63.0M Add +9.1%
FDX FedEx Corp. 0.53% 181,000 $54.3M Add +7.7%
CG The Carlyle Group Inc. 0.52% 1,327,000 $53.3M No change
JPM JPMorgan Chase & Co. 0.50% 252,550 $51.1M No change
ODFL Old Dominion Freight Line 0.49% 279,500 $49.4M Add +43.3%
NSC Norfolk Southern Corp. 0.48% 229,500 $49.3M No change
ACN Accenture PLC Class A 0.48% 159,400 $48.4M No change
FDS Factset Research Systems Inc. 0.47% 116,720 $47.7M No change
TSN Tyson Foods Inc. Class A 0.44% 785,500 $44.9M Add +1.0%
SBUX Starbucks Corp. 0.44% 568,318 $44.2M Add +5.0%
ROK Rockwell Automation Inc. 0.42% 154,900 $42.6M No change
CMCSA Comcast Corp. Class A 0.42% 1,081,241 $42.3M Add +0.8%
ITIC Investors Title Co. 0.38% 213,300 $38.4M No change
BF.A Brown-Forman Corp. Class A 0.37% 843,000 $37.2M No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.36% 314,000 $36.2M No change
VRSK Verisk Analytics Inc. 0.35% 133,700 $36.0M Add +5.1%
AON Aon PLC Class A 0.33% 113,950 $33.5M Add +3.5%
COST Costco Wholesale Corp. 0.33% 39,150 $33.3M No change
HGTY Hagerty Inc. Class A 0.31% 3,000,000 $31.2M No change
THG Hanover Insurance Group Inc./ 0.30% 240,000 $30.1M Add +5.7%
MMM 3M Co. 0.30% 293,750 $30.0M No change
NKE Nike Inc. Class B 0.29% 388,900 $29.3M Add +3.5%
FNV Franco-Nevada Corp. 0.29% 245,000 $29.0M New
WHR Whirlpool Corp. 0.28% 282,049 $28.8M No change
SHW The Sherwin-Williams Co. 0.28% 94,172 $28.1M No change
LMT Lockheed Martin Corp. 0.26% 56,363 $26.3M No change
ALL Allstate Corp. 0.24% 154,550 $24.7M No change
EFX Equifax Inc. 0.23% 97,850 $23.7M No change
RTX RTX Corp. 0.22% 224,000 $22.5M No change
BF.B Brown-Forman Corp. Class B 0.20% 474,187 $20.5M No change
TGT Target Corp. 0.19% 133,000 $19.7M No change
UNP Union Pacific Corp. 0.19% 85,778 $19.4M No change
CABO Cable One Inc. 0.19% 53,800 $19.0M Add +11.8%
PAYX Paychex Inc. 0.17% 150,000 $17.8M No change
TMO Thermo Fisher Scientific Inc. 0.16% 29,400 $16.3M Add +19.0%
CSCO Cisco Systems Inc. 0.16% 342,000 $16.2M No change
PEP Pepsico Inc. 0.16% 96,210 $15.9M No change
RNR Renaissancere Holdings Ltd. 0.15% 70,000 $15.6M No change
CARR Carrier Global Corp. 0.15% 235,000 $14.8M No change
URI United Rentals Inc. 0.14% 22,000 $14.2M Add +41.9%
CCK Crown Holdings Inc. 0.14% 189,500 $14.1M No change
FERG Ferguson Jersey Ltd. 0.13% 70,500 $13.7M Add +22.6%
CHH Choice Hotels Intl Inc. 0.13% 110,500 $13.1M Add +30.8%
COF Capital One Financial Corp. 0.12% 91,000 $12.6M No change
IQV Iqvia Holdings Inc. 0.12% 58,726 $12.4M Add +5.4%
WFC Wells Fargo & Co. 0.12% 204,450 $12.1M No change
HXL Hexcel Corp. 0.12% 189,000 $11.8M No change
PM Philip Morris International 0.11% 114,500 $11.6M No change
YUM Yum! Brands Inc. 0.11% 86,502 $11.5M Add +435.6%
HCA HCA Healthcare Inc. 0.11% 35,105 $11.3M Add +63.8%
LAMR Lamar Advertising Co. Class A 0.11% 94,000 $11.2M Add +22.1%
SEIC Sei Investments Company 0.11% 173,200 $11.2M No change
OTIS Otis Worldwide Corp. 0.11% 114,620 $11.0M No change
SMG Scotts Miracle-Gro Co. 0.11% 168,000 $10.9M No change
UNH Unitedhealth Group Inc. 0.10% 20,814 $10.6M Add +29.3%
CE Celanese Corp. 0.10% 77,800 $10.5M No change
AMT American Tower Corp. 0.10% 51,910 $10.1M No change
KMX Carmax Inc. 0.10% 136,500 $10.0M Add +10.5%
APD Air Products & Chemicals Inc. 0.10% 38,000 $9.8M Add +153.3%
GPK Graphic Packaging Holding Co. 0.09% 334,725 $8.8M Add +39.0%
SPOT Spotify Technology SA 0.08% 25,900 $8.1M No change
OI O-I Glass Inc. 0.07% 674,100 $7.5M Add +25.0%
TRU Transunion 0.07% 101,050 $7.5M No change
EMN Eastman Chemical Co. 0.07% 74,950 $7.3M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.07% 121,500 $7.3M No change
EA Electronic Arts Inc. 0.07% 49,800 $6.9M Reduce -38.4%
SHOP Shopify Inc. Class A 0.07% 102,750 $6.8M No change
SONY Sony Group Corp. - SP ADR 0.06% 67,000 $5.7M No change
MAR Marriott International Class A 0.05% 22,000 $5.3M Add +144.4%
UBER Uber Technologies Inc. 0.05% 71,000 $5.2M Add +22.4%
NSP Insperity Inc. 0.05% 52,906 $4.8M Add +213.5%
CBRL Cracker Barrel Old Country 0.05% 111,000 $4.7M No change
FIX Comfort Systems USA Inc. 0.04% 13,000 $4.0M No change
HSY The Hershey Co. 0.04% 21,500 $4.0M Add +126.3%
SOLV Solventum Corp. 0.04% 73,437 $3.9M No change
GHC Graham Holdings Co. Class B 0.04% 5,200 $3.6M No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.03% 40,500 $3.2M No change
BALL Ball Corp. 0.03% 51,000 $3.1M No change
CVS CVS Health Corp. 0.03% 47,000 $2.8M Reduce -85.8%
IT Gartner Inc. 0.03% 5,700 $2.6M No change
BNT Brookfield Reins Ltd. 0.02% 60,101 $2.5M No change
WTW Willis Towers Watson PLC 0.02% 8,627 $2.3M No change
INTU Intuit Inc. 0.02% 2,720 $1.8M No change
ULS Ul Solutions Inc. Class A 0.01% 36,000 $1.5M New
CSGP Costar Group Inc. 0.01% 18,600 $1.4M No change
DNB Dun & Bradstreet Holdings Inc. 0.01% 115,000 $1.1M No change
ICE Intercontinental Exchange Inc. 0.01% 5,120 $701K No change
BUD Anheuser-Busch Inbev-SPN ADR 0.01% 11,000 $640K No change
Other holdings (1): bonds, preferreds, convertibles and warrants · $1.1M (not counted above)
SecurityClassShares / PrincipalValueChange
HAGERTY INC *W EXP 12/02/202 540,000$1.1MNo change

Total filed on the 13F, all lines: $10.2B.

Portfolio Sells Q1 2024 → Q2 2024
CVS CVS Health Corp. Reduce -85.8% 0.03% −0.23
EA Electronic Arts Inc. Reduce -38.4% 0.07% −0.04
SRCL Stericycle Inc. Sold out 0.00% −0.02

Portfolio Buys Q1 2024 → Q2 2024
AAPL Apple Inc. Add +0.0% 2.54% +0.47
ADI Analog Devices Inc. Add +0.0% 2.62% +0.34
FNV Franco-Nevada Corp. New 0.29% +0.29
WSO Watsco Inc. Add +0.9% 2.60% +0.19
MSFT Microsoft Corp. Add +0.9% 2.23% +0.14
LPLA LPL Financial Holdings Inc. Add +6.0% 1.32% +0.14
YUM Yum! Brands Inc. Add +435.6% 0.11% +0.09
ODFL Old Dominion Freight Line Add +43.3% 0.49% +0.06
META Meta Platforms Inc. Class A Add +1.2% 1.34% +0.06
APD Air Products & Chemicals Inc. Add +153.3% 0.10% +0.06
VRSK Verisk Analytics Inc. Add +5.1% 0.35% +0.06
MRSH Marsh & McLennan Cos Add +1.8% 1.46% +0.05
FDX FedEx Corp. Add +7.7% 0.53% +0.05
HCA HCA Healthcare Inc. Add +63.8% 0.11% +0.04
ROL Rollins Inc. Add +0.9% 0.69% +0.04
MAR Marriott International Class A Add +144.4% 0.05% +0.03
URI United Rentals Inc. Add +41.9% 0.14% +0.03
NSP Insperity Inc. Add +213.5% 0.05% +0.03
UNH Unitedhealth Group Inc. Add +29.3% 0.10% +0.03
SCHW Schwab (charles) Corp. Add +1.0% 0.99% +0.03
CHH Choice Hotels Intl Inc. Add +30.8% 0.13% +0.02
HSY The Hershey Co. Add +126.3% 0.04% +0.02
LAMR Lamar Advertising Co. Class A Add +22.1% 0.11% +0.02
TMO Thermo Fisher Scientific Inc. Add +19.0% 0.16% +0.02
LIN Linde PLC Add +9.1% 0.62% +0.02
GPK Graphic Packaging Holding Co. Add +39.0% 0.09% +0.02
ULS Ul Solutions Inc. Class A New 0.01% +0.01
FERG Ferguson Jersey Ltd. Add +22.6% 0.13% +0.01
UBER Uber Technologies Inc. Add +22.4% 0.05% +0.01
KMX Carmax Inc. Add +10.5% 0.10% −0.01
THG Hanover Insurance Group Inc./ Add +5.7% 0.30% −0.01
TSN Tyson Foods Inc. Class A Add +1.0% 0.44% −0.01
CABO Cable One Inc. Add +11.8% 0.19% −0.01
OI O-I Glass Inc. Add +25.0% 0.07% −0.01
IQV Iqvia Holdings Inc. Add +5.4% 0.12% −0.02
AON Aon PLC Class A Add +3.5% 0.33% −0.03
CMCSA Comcast Corp. Class A Add +0.8% 0.42% −0.04
NVR NVR Inc. Add +1.6% 0.86% −0.05
SBUX Starbucks Corp. Add +5.0% 0.44% −0.05
NKE Nike Inc. Class B Add +3.5% 0.29% −0.06
CAT Caterpillar Inc. Add +1.3% 1.02% −0.09
DG Dollar General Corp. Add +3.3% 0.91% −0.13
LOW Lowe's Cos Inc. Add +1.9% 1.47% −0.20
DE Deere & Co. Add +2.6% 3.11% −0.23
DEO Diageo PLC-Sponsored ADR Add +0.5% 1.70% −0.30

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 130$13.1BGOOG, BRK.A, BRK.B, DE, BN
Q1 2026 129$11.9BBRK.A, GOOG, BRK.B, BN, DE
Q4 2025 128$12.5BGOOG, BRK.A, BRK.B, BN, AMZN
Q3 2025 129$12.3BBRK.A, BRK.B, GOOG, BN, AMZN
Q2 2025 137$11.8BBRK.A, BRK.B, BN, GOOG, DE
Q1 2025 135$11.3BBRK.A, BRK.B, BN, GOOG, DE
Q4 2024 132$11.3BBRK.A, BRK.B, GOOG, BN, AMZN
Q3 2024 132$11.1BBRK.A, BRK.B, BN, GOOG, AMZN
Q2 2024 133$10.2BBRK.A, BRK.B, GOOG, AMZN, BN
Q1 2024 131$10.1BBRK.A, BRK.B, GOOG, AMZN, BN