Markel Group
Tom Gayner
Period
Q1 2026
Portfolio Date
Mar 31, 2026
Stocks Held
129
Market Value
$11.9B
Portfolio Analysis
AIPreviewI. Institutional Overview
The investment landscape is often characterized by noise, volatility, and the relentless pursuit of short-term gains. However, the portfolio managed by Tom Gayner at Markel Group stands as a testament to the power of disciplined, long-term value compounding. As of the first quarter of 2026, Markel Group’s 13F filing reveals a portfolio valued at...
Tom Gayner’s investment philosophy is frequently compared to that of Warren Buffett, and for good reason. Markel Group is often described as a "mini-Berkshire," utilizing the "float" generated from its insurance operations to fund a diversified portfolio of high-quality equities. The core of this strategy is built upon four fundamental pillars: investing in...
The institutional portrait of Markel Group this quarter is one of steadfast conviction and strategic patience. With 129 stocks, the portfolio might appear diversified at first glance, but a closer inspection reveals a "barbell" structure. A significant portion of the total market value is concentrated in a handful of "ballast" stocks—companies that Gayner...
Based on the latest available 13F filing.
Open full report in appHoldings Value Trend
Q2 2024
Q3 2024
Q4 2024
Q1 2025
Q2 2025
Q3 2025
Q4 2025
Q1 2026
Historical Positions
| Symbol | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|
| BRK.A | 6.7% | 6.7% | 6.8% | 6.9% |
| GOOG | 6.6% | 6.9% | 5.4% | 4.1% |
| BRK.B | 6.2% | 6.1% | 6.3% | 6.3% |
| BN | 4.4% | 4.8% | 4.8% | 4.6% |
| DE | 4.1% | 3.3% | 3.3% | 3.8% |
| AMZN | 3.5% | 3.7% | 3.6% | 3.8% |
| ADI | 2.7% | - | 2.3% | 2.4% |
| AAPL | 2.6% | 2.7% | 2.5% | - |
| GS | 2.5% | 2.5% | - | - |
| V | 2.5% | 2.8% | 2.8% | 3.0% |
Post-Filing Contributors
Price change since reported price, ranked by portfolio contribution
Post-Filing Detractors
Price change since reported price, ranked by portfolio contribution
Sector Analysis
Trading Summary
All Holdings
$BRK.A
6.7%
$GOOG
6.6%
$BRK.B
6.2%
$BN
4.4%
$DE
4.1%
$AMZN
3.5%
$ADI
2.7%
$AAPL
2.6%
$GS
2.5%
$V
2.5%
$HD
2.5%
$CAT
1.9%
$WSO
1.8%
$BLK
1.8%
$MSFT
1.7%
$DIS
1.6%
$FNV
1.5%
$LOW
1.5%
$LPLA
1.4%
$GOOGL
1.4%
$PGR
1.3%
$JNJ
1.3%
$AXP
1.2%
$META
1.2%
$BX
1.2%
$TXN
1.2%
$RLI
1.1%
$KKR
1.1%
$GD
1.1%
$MMC
1.1%
$SCHW
1.1%
$APO
0.9%
$ADM
0.9%
$NVO
0.9%
$MA
0.9%
$DG
0.9%
$DEO
0.9%
$LIN
0.8%
$BAM
0.8%
$MCO
0.8%
$ITW
0.7%
$ODFL
0.7%
$NSC
0.7%
$HEI.A
0.7%
$ROL
0.7%
$NVR
0.7%
$MSCI
0.6%
$JPM
0.6%
$ECL
0.6%
$CG
0.5%