Thomas Gayner - Markel Group

Superinvestor profile · Rank #30 by reported 13F value (2026 Q2 filers) · CIK 0001096343 · All profiles
Founded 1930Richmond, Virginia, USSpecialty insurance holding company with long-term value-oriented investment portfolioKey person: Thomas Gayner
Reported 13F value
$13.1B
Period 2026-06-30 · Filed 2026-07-31
Positions
130
Top 10 = 42.9% of value
Clone CAGR (full window)
+14.7%
2016-11-04 → 2026-10-02 · cumulative +290%
SPY CAGR (same window)
+15.9%
Cumulative +332%
Max drawdown (monthly)
-23%
Month-end values, approximate
Latest-quarter activity
3 new · 2 exited
24 increased · 3 decreased
Hypothetical clone — not this fund's returns. The performance on this page replicates only the long U.S. equity positions disclosed on this manager's Form 13F filings, rebalanced on filing dates at disclosed weights with dividend-adjusted prices. It excludes shorts, bonds, cash, non-U.S. listings, private holdings, leverage and fees. Treat it as a measure of how the disclosed stock picks performed, never as the fund's track record. Evidence: filing-by-filing dossier (PDF) · Methodology (PDF)

Clone performance

2016 2026 — 13F clone — S&P 500 (SPY)
WindowClone CAGRNote
Full window (2016-11-04 → 2026-10-02, 40 filings)+14.72%Cumulative +289.7% vs SPY +332.1%
Trailing 10Y—
Trailing 5Y+9.46%
Trailing 3Y+15.57%
Trailing 1Y+5.89%

Top holdings — 2026 Q2 filing

TickerCompanyWeightReported value
GOOGAlphabet Inc7.40%$972M
BRK.ABerkshire Hathaway Inc Del6.35%$834M
BRK.BBerkshire Hathaway Inc Del5.84%$767M
DEDeere & Co4.24%$557M
BNBrookfield Corp4.24%$557M
AMZNAmazon Com Inc3.69%$484M
ADIAnalog Devices Inc3.02%$397M
GSGoldman Sachs Group Inc2.77%$363M
AAPLApple Inc2.70%$355M
CATCaterpillar Inc2.67%$350M

As reported on the 2026-06-30 Form 13F (filed 2026-07-31). Full holdings and quarter changes: holdings page.

Filing history in this profile

Every clone input traces to one of these SEC filings. 98.4% of the latest filing's reported value is covered by our price history; the remainder is mostly non-U.S. listings, recent IPOs or delisted names and is excluded from the clone.

QuarterSEC accession no.FiledDisclosed CUSIPs
2026Q20001096343-26-0000652026-07-31130
2026Q10001096343-26-0000442026-05-01129
2025Q40001096343-26-0000112026-02-06128
2025Q30001628280-25-0478422025-10-31129
2025Q20001096343-25-0001242025-08-01137
2025Q10001096343-25-0000622025-05-02135
2024Q40001096343-25-0000112025-02-07132
2024Q30001096343-24-0001242024-11-01132
2024Q20001096343-24-0001092024-08-02134
2024Q10001096343-24-0000582024-05-03132
2023Q40000950123-24-0006552024-02-02128
2023Q30000950123-23-0093872023-11-03133
2023Q20000950123-23-0067042023-08-04131
2023Q10000950123-23-0034852023-04-28131
2022Q40000950123-23-0007452023-02-03134
2022Q30000950123-22-0108752022-11-04131
2022Q20000950123-22-0078582022-08-05131
2022Q10000950123-22-0068572022-06-132
2021Q40000950123-22-0010212022-02-04118
2021Q30000950123-21-0140782021-11-05125
2021Q20000950123-21-0098622021-08-06125
2021Q10000950123-21-0051592021-04-30118
2020Q40000950123-21-0010962021-02-05115
2020Q30000950123-20-0106272020-10-30113
2020Q20000950123-20-0074872020-08-03113
2020Q10000950123-20-0037832020-05-01130
2019Q40000950123-20-0011312020-02-07134
2019Q30000950123-19-0099682019-11-01132
2019Q20000950123-19-0069682019-08-02137
2019Q10000950123-19-0039062019-05-03133
2018Q40000950123-19-0010262019-02-08132
2018Q30000950123-18-0104662018-11-02131
2018Q20000950123-18-0073942018-08-03133
2018Q10000950123-18-0038772018-04-27137
2017Q40000950123-18-0012832018-02-09138
2017Q30000950123-17-0093032017-10-27139
2017Q20000950123-17-0064252017-07-28138
2017Q10000950123-17-0036592017-04-28133
2016Q40000950123-17-0015262017-02-10133
2016Q30000950123-16-0212482016-11-04129

Background (founded / HQ / style) source: http://en.wikipedia.org/wiki/Markel_Group — Founded in 1930 by Samuel A. Markel as an insurance company; Thomas S. Gayner is CEO.