Markel Group

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 31, 2026), Tom Gayner's Markel Group reported 130 stock positions worth $13.1 billion. Its top holding was Alphabet Class C (GOOG) at 7.4% of the portfolio, followed by Berkshire Hathaway Class A (BRK.A, 6.4%) and Berkshire Hathaway Class B (BRK.B, 5.8%). Compared with Q1 2026, it opened 3 new positions, sold out of 2, added to 24 and reduced 3. The biggest buy was MercadoLibre (MELI, shares +340%) and the biggest sale Meta Platforms Class A (META, shares −6%).

Most Recent 13F
Q2 2026
Notable People
Tom Gayner
Location
Glen Allen, VA
CIK
0001096343
Portfolio Value
$13.1B (Q2 2026)
SEC Filing
0001096343-26-000065 ↗ filed Jul 31, 2026

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $10.1B Q1 2024 Q2 2024: $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 $13.1B Q2 2026

Holdings 130 stocks · $13.1B
GOOG Alphabet Inc. Class C 7.40% 2,749,860 $971.6M No change
BRK.A Berkshire Hathaway Inc. Class A 6.35% 1,114 $834.2M No change
BRK.B Berkshire Hathaway Inc. Class B 5.84% 1,531,971 $766.6M No change
DE Deere & Co. 4.24% 877,900 $556.9M No change
BN Brookfield Corp. 4.24% 13,073,609 $556.8M No change
AMZN Amazon.com Inc. 3.69% 2,030,760 $484.0M No change
ADI Analog Devices Inc. 3.02% 999,671 $397.0M Reduce -2.3%
GS Goldman Sachs Group Inc. 2.77% 359,360 $363.4M No change
AAPL Apple Inc. 2.70% 1,227,290 $355.1M No change
CAT Caterpillar Inc. 2.67% 328,650 $350.0M No change
V Visa Inc. Class A 2.65% 1,013,912 $347.9M Add +0.9%
HD Home Depot Inc. 2.48% 922,500 $325.3M Add +0.3%
WSO Watsco Inc. 1.90% 597,750 $249.1M Add +2.7%
TXN Texas Instruments Inc. 1.64% 724,000 $215.8M No change
BLK BlackRock Inc. 1.61% 220,200 $211.7M No change
GOOGL Alphabet Inc. Class A 1.56% 572,000 $204.4M No change
MSFT Microsoft Corp. 1.53% 537,630 $200.5M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.49% 2,031,665 $195.5M No change
AXP American Express Co. 1.26% 490,450 $165.9M No change
LOW Lowe's Cos Inc. 1.26% 751,980 $165.8M Add +1.8%
PGR Progressive Corp. 1.25% 753,750 $164.7M No change
FNV Franco-Nevada Corp. 1.23% 773,500 $161.2M Add +9.2%
LPLA LPL Financial Holdings Inc. 1.20% 559,951 $157.7M No change
JNJ Johnson & Johnson 1.18% 610,800 $155.1M No change
BX Blackstone Inc. 1.10% 1,229,000 $144.6M No change
RLI Rli Corp. 1.08% 2,394,544 $141.4M No change
GD General Dynamics Corp. 1.05% 391,000 $138.5M No change
NVO Novo-Nordisk A/S-Spons ADR 1.05% 2,869,774 $137.6M No change
KKR KKR & Co. Inc. 1.01% 1,451,800 $133.2M No change
META Meta Platforms Inc. Class A 1.00% 234,163 $131.9M Reduce -5.7%
SCHW Schwab (charles) Corp. 0.98% 1,394,800 $128.7M Add +0.8%
MRSH Marsh & McLennan Cos 0.97% 763,500 $127.3M No change
APO Apollo Global Management Inc. 0.91% 1,012,500 $119.8M No change
ADM Archer-Daniels-Midland Co. 0.88% 1,505,800 $115.0M No change
LIN Linde PLC 0.85% 215,600 $111.9M Add +5.4%
DEO Diageo PLC-Sponsored ADR 0.84% 1,372,208 $110.3M No change
MA Mastercard Inc. Class A 0.81% 207,540 $106.6M No change
DG Dollar General Corp. 0.76% 869,250 $100.1M No change
BAM Brookfield Asset Mgmt-A 0.75% 2,193,953 $98.4M No change
HEI.A Heico Corp. Class A 0.75% 379,644 $97.9M No change
MCO Moody's Corp. 0.74% 213,890 $96.9M No change
ODFL Old Dominion Freight Line 0.71% 429,150 $93.0M No change
NSC Norfolk Southern Corp. 0.68% 282,500 $88.9M No change
ITW Illinois Tool Works 0.67% 327,500 $88.6M No change
JPM JPMorgan Chase & Co. 0.63% 252,550 $82.7M No change
NVR NVR Inc. 0.63% 12,097 $82.4M Add +0.1%
MSCI MSCI Inc. 0.61% 142,850 $80.0M No change
ROK Rockwell Automation Inc. 0.58% 154,900 $76.7M No change
ECL Ecolab Inc. 0.58% 274,300 $76.4M No change
SUNB Sunbelt Rentals Holdings Inc. 0.56% 974,361 $72.9M Add +1.1%
SBUX Starbucks Corp. 0.49% 623,818 $63.7M No change
ROL Rollins Inc. 0.48% 1,516,525 $63.3M Add +1.2%
THG Hanover Insurance Group Inc./ 0.46% 281,000 $60.2M No change
ITIC Investors Title Co. 0.44% 213,300 $58.4M No change
CG The Carlyle Group Inc. 0.43% 1,327,000 $55.9M No change
TSN Tyson Foods Inc. Class A 0.40% 913,500 $52.3M Add +2.7%
SPGI S&P Global Inc. 0.36% 117,690 $47.9M No change
AON Aon PLC Class A 0.34% 135,800 $45.0M No change
UNP Union Pacific Corp. 0.33% 161,028 $43.8M Add +7.2%
FERG Ferguson Enterprises Inc. 0.33% 180,200 $42.8M Add +5.6%
RTX RTX Corp. 0.32% 224,000 $42.5M No change
CSCO Cisco Systems Inc. 0.32% 355,500 $41.8M No change
MELI MercadoLibre Inc. 0.31% 24,000 $40.7M Add +340.4%
YUM Yum! Brands Inc. 0.30% 245,213 $39.2M No change
MAR Marriott International Class A 0.28% 99,500 $36.9M Add +6.1%
ALL Allstate Corp. 0.28% 154,550 $36.8M No change
TMO Thermo Fisher Scientific Inc. 0.28% 73,100 $36.6M Add +8.9%
COST Costco Wholesale Corp. 0.28% 39,150 $36.6M No change
HGTY Hagerty Inc. Class A 0.27% 3,108,000 $35.9M No change
TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC 0.27% 314,000 $35.7M No change
URI United Rentals Inc. 0.27% 31,150 $35.3M No change
ABNB Airbnb Inc. Class A 0.26% 242,389 $34.7M No change
LMT Lockheed Martin Corp. 0.25% 65,213 $33.2M No change
HCA HCA Healthcare Inc. 0.25% 84,366 $32.9M Add +2.4%
SHW The Sherwin-Williams Co. 0.25% 94,172 $32.4M No change
FDS Factset Research Systems Inc. 0.24% 135,376 $31.1M No change
LAMR Lamar Advertising Co. Class A 0.23% 193,000 $30.1M No change
VRSK Verisk Analytics Inc. 0.21% 155,950 $28.0M No change
CSX CSX Corp. 0.21% 584,500 $27.8M Add +10.3%
AMAT Applied Materials Inc. 0.20% 36,350 $26.3M No change
APD Air Products & Chemicals Inc. 0.20% 88,500 $25.9M Add +17.2%
FIX Comfort Systems USA Inc. 0.20% 13,000 $25.8M No change
CCK Crown Holdings Inc. 0.19% 220,000 $24.6M No change
BF.A Brown-Forman Corp. Class A 0.18% 843,000 $23.1M No change
RNR Renaissancere Holdings Ltd. 0.17% 70,000 $22.2M No change
EPD Enterprise Products Partners 0.16% 569,000 $20.9M Add +181.7%
PM Philip Morris International 0.16% 114,500 $20.7M No change
ACN Accenture PLC Class A 0.15% 159,400 $19.8M No change
CMCSA Comcast Corp. Class A 0.15% 802,074 $19.7M Reduce -16.6%
HXL Hexcel Corp. 0.14% 189,000 $18.9M No change
NKE Nike Inc. Class B 0.14% 447,400 $18.4M No change
COF Capital One Financial Corp. 0.14% 91,000 $18.3M No change
BNY Bank of New York Mellon Corp. 0.14% 124,500 $18.0M No change
CARR Carrier Global Corp. 0.13% 235,000 $17.2M No change
WFC Wells Fargo & Co. 0.13% 204,450 $16.9M No change
SEIC Sei Investments Company 0.12% 173,200 $15.2M No change
PAYX Paychex Inc. 0.11% 150,000 $14.7M No change
HSY The Hershey Co. 0.10% 75,000 $13.2M No change
PEP Pepsico Inc. 0.10% 96,210 $13.0M No change
BF.B Brown-Forman Corp. Class B 0.10% 474,187 $12.6M No change
SPOT Spotify Technology SA 0.09% 25,900 $11.9M No change
SHOP Shopify Inc. Class A 0.09% 102,750 $11.7M No change
EFX Equifax Inc. 0.09% 72,850 $11.6M No change
CME Cme Group Inc. 0.08% 49,750 $11.0M No change
CBOE Cboe Global Markets Inc. 0.08% 43,700 $10.6M No change
UBER Uber Technologies Inc. 0.08% 142,500 $10.3M No change
OTIS Otis Worldwide Corp. 0.07% 133,620 $9.6M Add +16.6%
IQV Iqvia Holdings Inc. 0.07% 46,900 $9.1M No change
HII Huntington Ingalls Industrie 0.06% 27,500 $7.7M No change
XOM Exxon Mobil Corp. 0.06% 56,100 $7.7M Add +19.4%
NSP Insperity Inc. 0.06% 181,336 $7.5M No change
KMX Carmax Inc. 0.06% 136,500 $7.2M No change
SONY Sony Group Corp. - SP ADR 0.05% 335,000 $6.7M No change
CNI Canadian Natl Railway Co. 0.05% 53,500 $6.4M No change
CP Canadian Pacific Kansas City 0.05% 73,000 $6.3M Add +22.7%
GHC Graham Holdings Co. Class B 0.05% 5,200 $5.9M No change
EMN Eastman Chemical Co. 0.04% 74,950 $5.0M No change
ZTS Zoetis Inc. 0.04% 66,195 $4.8M New
BC Brunswick Corp. 0.03% 51,250 $4.3M No change
WRB WR Berkley Corp. filed as BERKLEY W R CORP 0.03% 60,750 $4.3M No change
MGM MGM Resorts International 0.03% 87,500 $4.2M No change
AYI Acuity Inc. 0.03% 9,750 $3.7M No change
ICE Intercontinental Exchange Inc. 0.03% 28,870 $3.6M No change
EXP Eagle Materials Inc. 0.03% 14,750 $3.3M No change
WY Weyerhaeuser Co. 0.02% 120,000 $2.9M Add +585.7%
NFLX Netflix Inc. 0.02% 40,000 $2.9M New
SYY Sysco Corp. 0.02% 30,500 $2.5M No change
DPZ Domino's Pizza Inc. 0.01% 5,500 $1.6M No change
BRO Brown & Brown Inc. 0.01% 14,000 $898K No change
UFPI Ufp Industries Inc. 0.00% 4,000 $363K New

Portfolio Sells Q1 2026 → Q2 2026
META Meta Platforms Inc. Class A Reduce -5.7% 1.00% −0.19
SMG Scotts Miracle-Gro Co. Sold out 0.00% −0.09
CMCSA Comcast Corp. Class A Reduce -16.6% 0.15% −0.08
UNH Unitedhealth Group Inc. Sold out 0.00% −0.04
ADI Analog Devices Inc. Reduce -2.3% 3.02% +0.30

Portfolio Buys Q1 2026 → Q2 2026
MELI MercadoLibre Inc. Add +340.4% 0.31% +0.23
WSO Watsco Inc. Add +2.7% 1.90% +0.12
V Visa Inc. Class A Add +0.9% 2.65% +0.11
EPD Enterprise Products Partners Add +181.7% 0.16% +0.10
ZTS Zoetis Inc. New 0.04% +0.04
SUNB Sunbelt Rentals Holdings Inc. Add +1.1% 0.56% +0.03
CSX CSX Corp. Add +10.3% 0.21% +0.03
UNP Union Pacific Corp. Add +7.2% 0.33% +0.03
MAR Marriott International Class A Add +6.1% 0.28% +0.02
NFLX Netflix Inc. New 0.02% +0.02
WY Weyerhaeuser Co. Add +585.7% 0.02% +0.02
APD Air Products & Chemicals Inc. Add +17.2% 0.20% +0.01
CP Canadian Pacific Kansas City Add +22.7% 0.05% +0.01
TMO Thermo Fisher Scientific Inc. Add +8.9% 0.28% +0.00
UFPI Ufp Industries Inc. New 0.00% +0.00
LIN Linde PLC Add +5.4% 0.85% +0.00
OTIS Otis Worldwide Corp. Add +16.6% 0.07% −0.00
FERG Ferguson Enterprises Inc. Add +5.6% 0.33% −0.01
XOM Exxon Mobil Corp. Add +19.4% 0.06% −0.01
NVR NVR Inc. Add +0.1% 0.63% −0.04
HD Home Depot Inc. Add +0.3% 2.48% −0.06
HCA HCA Healthcare Inc. Add +2.4% 0.25% −0.08
TSN Tyson Foods Inc. Class A Add +2.7% 0.40% −0.08
SCHW Schwab (charles) Corp. Add +0.8% 0.98% −0.11
ROL Rollins Inc. Add +1.2% 0.48% −0.19
LOW Lowe's Cos Inc. Add +1.8% 1.26% −0.20
FNV Franco-Nevada Corp. Add +9.2% 1.23% −0.24

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