Tom Gayner

Markel Corp

Period:  Q3, 2025
Filed Date:  Oct 31, 2025
Reported Date:  Sep 30, 2025
No. of Stocks:  129
Portfolio Value:  12.32B
Stock% of portfoliioActivitySharesValueRecent Price

BRK-A - Berkshire hathaway inc-cl a

6.819%1114840.18M$754200.000

BRK-B - Berkshire hathaway inc-cl b

6.251%1.53M770.18M$502.740

GOOG - Alphabet inc

5.436%2.75M669.73M$243.550

BN - Brookfield corp

4.851%8.72M597.73M$68.580

AMZN - Amazon.com inc

3.619%2.03M445.89M$219.570

DE - Deere & co

3.258%877.9K401.43M$457.260

HD - Home depot inc

3.026%920K372.77M$405.190

V - Visa inc

2.769%999.285K341.14M$341.380

AAPL - Apple inc

2.536%1.23M312.50M$254.630

ADI - Analog devices inc

2.329%1.17M286.90M$245.700

GS - Goldman sachs group inc

2.323%359.36K286.18M$796.350

MSFT - Microsoft corp

2.237%Add 0.87%532.08K275.59M$517.950
Blackrock inc
2.084%220.2K256.72M$1165.870

DIS - Walt disney co

1.888%2.03M232.63M$114.500

WSO - Watsco inc

1.855%565.169K228.50M$404.300

BX - Blackstone inc

1.704%1.23M209.97M$170.850

META - Meta platforms inc

1.671%280.281K205.83M$734.380

KKR - Kkr & co inc

1.531%1.45M188.66M$129.950

PGR - Progressive corp

1.511%753.75K186.14M$246.950

LPLA - Lpl financial holdings inc.

1.494%Add 1.60%553.321K184.08M$332.690

LOW - Lowe's companies inc

1.482%Add 1.32%726.73K182.63M$251.310

AXP - American express co

1.305%484.25K160.85M$332.160

CAT - Caterpillar inc

1.273%328.65K156.82M$477.150

RLI - Rli corp

1.268%2.39M156.17M$65.220

MMC - Marsh & mclennan companies inc

1.235%Add 0.83%755K152.16M$201.530

GOOGL - Alphabet inc

1.129%572K139.05M$243.100

FNV - Franco-nevada corp

1.095%Add 6.32%605.5K134.97M$222.910

APO - Apollo global management inc

1.095%1.01M134.94M$133.270

GD - General dynamics corp

1.082%391K133.33M$341.000

TXN - Texas instruments inc

1.080%724K133.02M$183.730

NVO - Novo nordisk a/s

1.067%Add 4.87%2.37M131.44M$55.490

DEO - Diageo plc

1.059%1.37M130.42M$95.430

SCHW - Charles schwab corp

1.058%1.36M130.30M$95.470

MA - Mastercard inc

0.958%207.54K118.05M$568.810

JNJ - Johnson & johnson

0.919%610.8K113.25M$185.420

MCO - Moody's corp

0.827%213.89K101.91M$476.480

HEI-A - Heico corp-class a

0.783%379.644K96.46M$254.090

NVR - Nvr inc

0.776%11.897K95.59M$8034.660

LIN - Linde plc

0.743%Add 3.35%192.85K91.60M$475.000

ADM - Archer-daniels-midland co

0.730%Reduced 4.32%1.51M89.96M$59.740

DG - Dollar general corp

0.729%869.25K89.84M$103.350

ROL - Rollins inc

0.704%Add 0.44%1.48M86.69M$58.740

ITW - Illinois tool works inc

0.693%327.5K85.40M$260.760

CG - Carlyle group inc

0.675%1.33M83.20M$62.700

MSCI - Msci inc

0.658%142.85K81.05M$567.410

JPM - Jpmorgan chase & co

0.647%252.55K79.66M$315.430

NSC - Norfolk southern corp

0.625%Add 8.46%256.5K77.06M$300.410

ECL - Ecolab inc

0.610%274.3K75.12M$273.860

SPGI - S&p global inc

0.595%150.69K73.34M$486.710

ITIC - Investors title co

0.464%213.3K57.13M$267.830

ROK - Rockwell automation, inc

0.439%154.9K54.14M$349.530

SBUX - Starbucks corp

0.428%623.818K52.78M$84.600

THG - Hanover insurance group inc

0.414%281K51.04M$181.630

ODFL - Old dominion freight line inc

0.410%Add 4.76%358.75K50.50M$140.780

FDX - Fedex corp

0.408%213K50.23M$235.810

AON - Aon plc

0.376%129.8K46.28M$356.580

TSN - Tyson foods, inc.

0.374%Add 3.98%848.5K46.07M$54.300

ACN - Accenture plc

0.319%159.4K39.31M$246.600

VRSK - Verisk analytics, inc.

0.318%155.95K39.22M$251.510

RTX - Rtx corp

0.304%224K37.48M$167.330

HGTY - Hagerty inc

0.304%3.11M37.45M$12.050

COST - Costco wholesale corp

0.294%39.15K36.24M$925.630

YUM - Yum brands inc

0.279%226.451K34.42M$152.000

FDS - Factset research systems inc

0.271%116.72K33.44M$286.490

ALL - Allstate corp

0.269%154.55K33.17M$214.650
Ferguson enterprises inc
0.268%Add 9.29%147K33.01M$224.580

SHW - Sherwin-williams co

0.265%94.172K32.61M$346.260

TROW - T rowe price group inc

0.262%314K32.23M$102.640

HCA - Hca healthcare inc

0.260%Add 9.06%75.213K32.06M$426.200

NKE - Nike inc

0.253%447.4K31.20M$69.730

LMT - Lockheed martin corp

0.252%62.263K31.08M$499.210

CMCSA - Comcast corp

0.245%961.88K30.22M$31.420

UNP - Union pacific corp

0.243%Add 30.33%126.778K29.97M$236.370

URI - United rentals inc

0.241%31.15K29.74M$954.660

ABNB - Airbnb inc

0.224%Add 7.14%227.133K27.58M$121.420

TMO - Thermo fisher scientific inc

0.220%Add 12.61%55.8K27.06M$485.020

CSCO - Cisco systems inc

0.197%Add 1.72%355.5K24.32M$68.420

BF-A - Brown-forman corp-class a

0.184%843K22.69M$26.910

LAMR - Lamar advertising co/new

0.169%Add 7.59%170K20.81M$122.420

COF - Capital one financial corp

0.157%91K19.34M$212.580

MAR - Marriott international inc

0.155%Add 21.58%73.25K19.08M$260.440

PAYX - Paychex inc

0.154%150K19.01M$126.760

EFX - Equifax inc

0.152%72.85K18.69M$256.530

PM - Philip morris international inc

0.151%114.5K18.57M$162.200

CCK - Crown holdings inc

0.149%189.5K18.30M$96.590

SPOT - Spotify technology sa

0.147%25.9K18.08M$698.000

RNR - Renaissancere holdings ltd

0.144%70K17.78M$253.930

WFC - Wells fargo & co

0.139%204.45K17.14M$83.820

SHOP - Shopify inc

0.124%102.75K15.27M$148.610

SEIC - Sei investments co

0.119%173.2K14.70M$84.850

CARR - Carrier global corp

0.114%235K14.03M$59.700

PEP - Pepsico inc

0.110%96.21K13.51M$140.440

BK - Bank of new york mellon corp

0.107%121.5K13.24M$108.960

BF-B - Brown-forman corp-class b

0.104%474.187K12.84M$27.080

CHH - Choice hotels international inc

0.100%115.5K12.35M$106.910

UBER - Uber technologies inc

0.098%123.5K12.10M$97.970

TGT - Target corp

0.097%133K11.93M$89.700

HXL - Hexcel corp

0.096%189K11.85M$62.700

FIX - Comfort systems usa inc

0.087%13K10.73M$825.180

OTIS - Otis worldwide corp

0.085%114.62K10.48M$91.430

HSY - Hershey co

0.083%54.5K10.19M$187.050

CSX - Csx corp

0.082%Add 338.46%285K10.12M$35.510

SONY - Sony group corp

0.078%335K9.64M$28.790

SMG - Scotts miracle-gro co

0.078%168K9.57M$56.950

UNH - Unitedhealth group inc

0.074%26.5K9.15M$345.300

IQV - Iqvia holdings inc

0.072%Reduced 5.52%46.9K8.91M$189.940

CME - Cme group inc

0.070%Add 42.22%32K8.65M$270.190

TRU - Transunion

0.069%101.05K8.47M$83.780

CBOE - Cboe global mkt

0.057%Add 50.00%28.5K6.99M$245.250

NSP - Insperity inc

0.053%131.728K6.48M$49.200

KMX - Carmax inc

0.050%136.5K6.12M$44.870

GHC - Graham holdings co

0.050%52006.12M$1177.310

AMAT - Applied materials inc

0.044%Add 59.09%26.25K5.37M$204.740

ADBE - Adobe inc

0.040%14K4.94M$352.750

EMN - Eastman chemical co

0.038%74.95K4.73M$63.050

WRB - W r berkley corp

0.038%60.75K4.65M$76.620

EXP - Eagle materials inc

0.028%Add 63.89%14.75K3.44M$233.040

AYI - Acuity brands inc

0.027%97503.36M$344.390

MGM - Mgm resorts international

0.025%87.5K3.03M$34.660

SYY - Sysco corp

0.020%Add 27.08%30.5K2.51M$82.340

DPZ - Dominos pizza inc

0.019%55002.37M$431.710

CNI - Canadian national railway co

0.019%Buy25K2.36M$94.300

BC - Brunswick corp

0.017%Add 13.56%33.5K2.12M$63.240

ICE - Intercontinental exchange inc

0.008%Add 9.77%5620946.858K$168.480

XOM - Exxon mobil corp

0.003%Buy3000338.25K$112.750