Tom Gayner: Stock Portfolio, Performance and Latest Trades
Markel Group
13F portfolio value
$13.1B
130 holdings at Q2 2026
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Tom Gayner's portfolio
As of Q2 2026, filed July 31, 2026 · prices as of October 8, 2026
| Company | Share of portfolio | Average buy price | Return | Current price | Last quarter |
|---|---|---|---|---|---|
Alphabet Inc.GOOG | 7.40% | $44.96 | +667% | $344.86 | No change |
| 6.35% | $169,072.03 | +354% | $766,882.00 | No change | |
| 5.84% | $111.31 | +359% | $511.05 | No change | |
| 4.24% | $127.73 | +411% | $652.58 | No change | |
| 4.24% | $22.42 | +64.0% | $36.77 | No change | |
Amazon.com Inc.AMZN | 3.69% | $50.38 | +404% | $254.06 | No change |
| 3.02% | $100.65 | +303% | $405.93 | Reduced −2.3% | |
| 2.77% | $214.86 | +311% | $882.59 | No change | |
Apple Inc.AAPL | 2.70% | $42.38 | +703% | $340.42 | No change |
| 2.67% | $114.19 | +597% | $796.18 | No change | |
| 2.65% | $68.07 | +451% | $375.10 | Added +1.0% | |
| 2.48% | $75.82 | +290% | $295.47 | Added +0.3% | |
Watsco Inc.WSO | 1.90% | $211.04 | +33.7% | $282.23 | Added +2.7% |
| 1.64% | $78.97 | +265% | $288.20 | No change | |
| 1.61% | $1,014.92 | +5.0% | $1,065.35 | No change | |
Alphabet Inc.GOOGL | 1.56% | $78.98 | +341% | $348.29 | No change |
Microsoft Corp.MSFT | 1.53% | $113.63 | +360% | $522.61 | No change |
| 1.49% | $76.23 | +40.4% | $107.02 | No change | |
| 1.26% | $84.68 | +264% | $308.10 | No change | |
| 1.26% | $83.85 | +125% | $188.85 | Added +1.8% | |
| 1.25% | $69.07 | +217% | $218.73 | No change | |
| 1.23% | $150.06 | +60.3% | $240.50 | Added +9.2% | |
| 1.20% | $234.16 | +40.1% | $328.00 | No change | |
| 1.18% | $85.78 | +199% | $256.48 | No change | |
| 1.10% | $48.84 | +131% | $112.68 | No change | |
Rli Corp.RLI | 1.08% | $67.47 | −16.6% | $56.30 | No change |
| 1.05% | $75.94 | +334% | $329.90 | No change | |
| 1.05% | $39.26 | −2.7% | $38.18 | No change | |
| 1.01% | $27.83 | +222% | $89.56 | No change | |
| 1.00% | $185.77 | +288% | $720.89 | Reduced −5.7% | |
| 0.98% | $29.98 | +223% | $96.87 | Added +0.8% | |
| 0.97% | $82.26 | +115% | $176.67 | No change | |
| 0.91% | $65.77 | +75.3% | $115.30 | No change | |
| 0.88% | $34.87 | +136% | $82.45 | No change | |
Linde PLCLIN | 0.85% | $389.99 | +23.5% | $481.70 | Added +5.4% |
| 0.84% | $120.44 | −27.8% | $86.98 | No change | |
| 0.81% | $102.17 | +463% | $574.76 | No change | |
| 0.76% | $171.55 | −27.6% | $124.27 | No change | |
| 0.75% | $30.09 | +50.1% | $45.17 | No change | |
Heico Corp.HEI/A | 0.75% | $73.33 | +201% | $221.07 | No change |
| 0.74% | $83.75 | +448% | $458.69 | No change | |
| 0.71% | $168.57 | +7.8% | $181.65 | No change | |
| 0.68% | $118.22 | +168% | $316.99 | No change | |
| 0.67% | $94.36 | +181% | $264.71 | No change | |
| 0.63% | $83.69 | +296% | $331.42 | No change | |
NVR Inc.NVR | 0.63% | $3,798.17 | +58.0% | $6,002.55 | Added +0.1% |
MSCI Inc.MSCI | 0.61% | $67.41 | +733% | $561.67 | No change |
| 0.58% | $145.79 | +198% | $434.14 | No change | |
Ecolab Inc.ECL | 0.58% | $122.96 | +129% | $281.69 | No change |
| 0.56% | $70.25 | +6.6% | $74.85 | Added +1.1% | |
Starbucks Corp.SBUX | 0.49% | $64.77 | +43.9% | $93.21 | No change |
Rollins Inc.ROL | 0.48% | $37.45 | −13.9% | $32.26 | Added +1.2% |
| 0.46% | $133.89 | +65.8% | $221.93 | No change | |
| 0.44% | $70.48 | +324% | $298.63 | No change | |
| 0.43% | $29.27 | +31.2% | $38.39 | No change | |
| 0.40% | $60.25 | −13.1% | $52.34 | Added +2.7% | |
S&P Global Inc.SPGI | 0.37% | $111.72 | +260% | $402.73 | No change |
| 0.34% | $279.03 | −0.7% | $277.12 | No change | |
| 0.33% | $154.84 | +79.7% | $278.20 | Added +7.2% | |
| 0.33% | $206.82 | +4.8% | $216.73 | Added +5.6% | |
RTX Corp.RTX | 0.32% | $120.81 | +52.6% | $184.32 | No change |
| 0.32% | $30.27 | +280% | $114.89 | No change | |
| 0.31% | $1,758.00 | +5.6% | $1,856.66 | Added +340% | |
| 0.30% | $137.69 | +3.9% | $143.00 | No change | |
| 0.28% | $267.83 | +34.8% | $361.08 | Added +6.1% | |
| 0.28% | $122.69 | +88.0% | $230.63 | No change | |
| 0.28% | $529.37 | +23.2% | $651.98 | Added +8.9% | |
| 0.28% | $109.87 | +763% | $947.92 | No change | |
Hagerty Inc-AHGTY | 0.27% | $9.28 | +53.1% | $14.20 | No change |
| 0.27% | $74.28 | +40.3% | $104.23 | No change | |
| 0.27% | $628.38 | +67.1% | $1,050.15 | No change | |
Airbnb Inc.ABNB | 0.26% | $132.24 | +23.4% | $163.23 | No change |
| 0.25% | $450.49 | +12.7% | $507.89 | No change | |
| 0.25% | $344.45 | +29.2% | $445.01 | Added +2.3% | |
| 0.25% | $139.04 | +131% | $321.03 | No change | |
| 0.24% | $137.90 | +108% | $286.52 | No change | |
| 0.23% | $111.88 | +30.2% | $145.70 | No change | |
| 0.21% | $155.65 | +12.7% | $175.49 | No change | |
CSX Corp.CSX | 0.21% | $35.93 | +31.7% | $47.34 | Added +10% |
| 0.20% | $193.19 | +164% | $509.57 | No change | |
| 0.20% | $270.61 | +2.9% | $278.38 | Added +17% | |
| 0.20% | $250.01 | +583% | $1,706.39 | No change | |
| 0.19% | $71.35 | +52.6% | $108.88 | No change | |
| 0.18% | $35.72 | −24.2% | $27.07 | No change | |
| 0.17% | $195.72 | +69.3% | $331.34 | No change | |
| 0.16% | $36.90 | −0.4% | $36.75 | Added +182% | |
| 0.16% | $92.92 | +116% | $200.50 | No change | |
| 0.15% | $85.98 | +142% | $208.36 | No change | |
Comcast Corp-Class ACMCSA | 0.15% | $37.82 | −43.9% | $21.21 | Reduced −17% |
Hexcel Corp.HXL | 0.14% | $62.10 | +37.1% | $85.13 | No change |
| 0.14% | $44.82 | −22.5% | $34.74 | No change | |
| 0.14% | $102.95 | +93.7% | $199.40 | No change | |
| 0.14% | $46.46 | +209% | $143.61 | No change | |
| 0.13% | $20.10 | +178% | $55.83 | No change | |
| 0.13% | $49.47 | +65.8% | $82.03 | No change | |
| 0.12% | $44.86 | +130% | $103.25 | No change | |
Paychex Inc.PAYX | 0.11% | $36.83 | +184% | $104.46 | No change |
| 0.10% | $188.01 | −13.5% | $162.54 | No change | |
Pepsico Inc.PEP | 0.10% | $83.60 | +53.5% | $128.34 | No change |
| 0.10% | $56.57 | −53.1% | $26.54 | No change | |
| 0.09% | $149.97 | +251% | $526.42 | No change | |
Shopify Inc.SHOP | 0.09% | $60.14 | +174% | $164.56 | No change |
Equifax Inc.EFX | 0.09% | $149.46 | −2.6% | $145.54 | No change |
| 0.08% | $268.10 | +3.1% | $276.44 | No change | |
| 0.08% | $234.78 | +25.3% | $294.08 | No change | |
| 0.08% | $66.15 | +6.2% | $70.24 | No change | |
| 0.07% | $55.22 | +19.7% | $66.11 | Added +17% | |
| 0.07% | $212.07 | +22.1% | $258.88 | No change | |
| 0.06% | $234.73 | +12.9% | $265.02 | No change | |
| 0.06% | $125.99 | +33.7% | $168.50 | Added +19% | |
| 0.06% | $76.02 | −34.6% | $49.74 | No change | |
Carmax Inc.KMX | 0.05% | $69.85 | −23.0% | $53.79 | No change |
| 0.05% | $17.42 | +37.5% | $23.95 | No change | |
| 0.05% | $97.49 | +19.8% | $116.84 | No change | |
| 0.05% | $77.69 | +8.6% | $84.35 | Added +23% | |
| 0.05% | $640.52 | +84.9% | $1,184.62 | No change | |
| 0.04% | $85.88 | −25.8% | $63.76 | No change | |
Zoetis Inc.ZTS | 0.04% | $94.14 | −22.4% | $73.08 | New |
| 0.03% | $69.67 | −10.5% | $62.35 | No change | |
| 0.03% | $42.52 | +69.4% | $72.05 | No change | |
| 0.03% | $35.48 | −15.4% | $30.01 | No change | |
Acuity Inc.AYI | 0.03% | $305.42 | −1.6% | $300.43 | No change |
| 0.03% | $149.59 | +3.9% | $155.35 | No change | |
| 0.03% | $224.99 | −25.6% | $167.30 | No change | |
| 0.02% | $24.41 | −21.5% | $19.17 | Added +586% | |
Netflix Inc.NFLX | 0.02% | $88.07 | −18.7% | $71.57 | New |
Sysco Corp.SYY | 0.02% | $74.38 | +5.1% | $78.20 | No change |
| 0.01% | $435.00 | −29.0% | $308.65 | No change | |
| 0.01% | $81.00 | −21.3% | $63.75 | No change | |
| 0.00% | $87.10 | −12.2% | $76.45 | New |
Tom Gayner's buys and sells
| Company | Action | Shares change | Value now |
|---|---|---|---|
Fedex Corp.FDX | Sold out | −213,000 | — |
| Reduced −11% | −31,978 | $163.9M | |
Watsco Inc.WSO | Added +2.2% | +12,500 | $194.6M |
| Added +0.9% | +4,250 | $180.7M | |
Microsoft Corp.MSFT | Added +0.7% | +3,600 | $259.1M |
| Added +1.2% | +6,630 | $200M | |
| Added +18% | +62,900 | $66.1M | |
| Added +21% | +501,125 | $146M | |
| Added +0.4% | +5,000 | $118.3M | |
| Added +0.9% | +6,750 | $141.3M | |
| Reduced −12% | −144,426 | $277.5M | |
| Added +13% | +7,000 | $36.4M | |
| Added +23% | +16,500 | $27.8M | |
TransunionTRU | Reduced −98% | −99,050 | $171.5K |
NVR Inc.NVR | Added +0.9% | +110 | $87.6M |
| Added +0.8% | +11,000 | $137.5M | |
| Added +13% | +78,000 | $141.7M | |
Linde PLCLIN | Added +3.8% | +7,250 | $85.3M |
CSX Corp.CSX | Added +54% | +155,000 | $16M |
| Added +4.2% | +36,000 | $51.8M | |
| Added +7.3% | +5,467 | $37.7M | |
| Added +1.1% | +7,750 | $177.1M | |
Airbnb Inc.ABNB | Added +5.8% | +13,156 | $32.6M |
Adobe Inc.ADBE | Sold out | −14,000 | — |
| Added +1167% | +35,000 | $4.6M | |
| Added +43% | +13,750 | $12.5M | |
| Added +12% | +22,500 | $21.8M | |
| Added +46% | +13,250 | $10.5M | |
| Added +30% | +7,850 | $8.8M | |
| Added +11% | +16,500 | $36.4M | |
| Added +24% | +5,000 | $8.7M | |
| Added +11% | +14,500 | $32.7M | |
Rollins Inc.ROL | Added +0.9% | +13,250 | $89.4M |
| Added +8.8% | +15,000 | $23.4M | |
| Added +271% | +15,250 | $3.4M | |
| Reduced 0.0% | −3 | $599.9M | |
| Added +24% | +13,000 | $12.3M | |
| Added +78% | +19,500 | $4.4M | |
| Added +4.4% | +5,153 | $35.4M | |
| Added +6.6% | +17,000 | $79M | |
| Added +43% | +14,250 | $3.5M | |
| Added +63% | +19,500 | $3.7M | |
| Added +3.3% | +4,250 | $47.3M | |
| New | +11,000 | $876.7K | |
| Added +13% | +16,500 | $11.4M | |
| Added +16% | +21,145 | $5.9M | |
| Added +3.6% | +2,250 | $31.2M | |
| Added +10% | +6,500 | $17.7M |
Tom Gayner's portfolio by sector
Share of the stock portfolio at Q2 2026.
| Sector | Share |
|---|---|
| Financials | 35% |
| Industrials | 19% |
| Communication Services | 12% |
| Technology | 11% |
| Consumer Discretionary | 9.8% |
| Real Estate | 4.5% |
| Consumer Staples | 4.4% |
| Materials | 2.6% |
| Health Care | 2.5% |
| Energy | 0.2% |
Portfolio performance: Tom Gayner vs. benchmarks
Your result if you had bought each reported portfolio on the day it was made public and held it until the next report, against the S&P 500 and Nasdaq-100.
- You, copying after each 13F filing – estimated value
- S&P 500
- Nasdaq-100
| Total return | Per year | |
|---|---|---|
| You, copying after each 13F filing – estimated value | +55.2% | +9.2% |
| S&P 500 | +89.0% | +13.6% |
| Nasdaq-100 | +113.3% | +16.4% |
Prices were available for 87% of the portfolio value on average; the rest is left out of the return.
Tom Gayner's most traded stocks
Quarters with a buy or a sell, all reports since Q2 2013.
| Company | Quarters bought | Quarters sold |
|---|---|---|
Rollins Inc.ROL | 42 | 0 |
Watsco Inc.WSO | 40 | 1 |
| 28 | 10 | |
| 35 | 3 | |
Microsoft Corp.MSFT | 34 | 3 |
| 36 | 0 | |
| 33 | 3 | |
| 30 | 3 | |
| 29 | 2 | |
| 29 | 2 | |
| 28 | 0 | |
Alphabet Inc.GOOGL | 28 | 0 |
Amazon.com Inc.AMZN | 27 | 1 |
NVR Inc.NVR | 26 | 0 |
| 23 | 3 |