Fund · Tom Gayner
Markel Group
Baby Berkshire. Insurance float into equities.
Copying every 13F the day after it was filed returned 13.4% a year, against 14.1% for SPY over the same 13.2 years and 53 quarters, since Aug 2013. Clone score 45 of 100: Coin flip.
| Manager | Tom Gayner |
| Clone score | 45 / 100 |
| Verdict | Coin flip |
| Copy, a year | 13.4% |
| SPY, a year | 14.1% |
| Edge, a year | −0.7% |
| Latest quarter | Q2 2026 |
| Filed | 31 Jul 2026 |
| 13F value | $13.1B |
| Positions | 130 |
Largest holdings
| Ticker | Name | Weight | Value | Change |
|---|---|---|---|---|
| GOOG | ALPHABET INC | 7.4% | $972M | HOLD |
| BRK.A | BERKSHIRE HATHAWAY INC DEL | 6.4% | $834M | HOLD |
| BRK.B | BERKSHIRE HATHAWAY INC DEL | 5.8% | $767M | HOLD |
| DE | DEERE & CO | 4.2% | $557M | HOLD |
| BN | BROOKFIELD CORP | 4.2% | $557M | HOLD |
| AMZN | AMAZON COM INC | 3.7% | $484M | HOLD |
| ADI | ANALOG DEVICES INC | 3.0% | $397M | TRIM |
| GS | GOLDMAN SACHS GROUP INC | 2.8% | $363M | HOLD |
| AAPL | APPLE INC | 2.7% | $355M | HOLD |
| CAT | CATERPILLAR INC | 2.7% | $350M | HOLD |
| V | VISA INC | 2.6% | $348M | HOLD |
| HD | HOME DEPOT INC | 2.5% | $325M | HOLD |
| WSO | WATSCO INC | 1.9% | $249M | ADD |
| TXN | TEXAS INSTRS INC | 1.6% | $216M | HOLD |
| BLK | BLACKROCK INC | 1.6% | $212M | HOLD |