Thomas Gayner - Markel Asset Management
As of Q2 2026, Thomas Gayner reported 130 long-equity positions worth $13.13B in aggregate.
Copy-investor backtest
- Latest quarter
- +2.15%
- 1-year
- +12.18%
- 3-year
- +45.42%
- 5-year
- +43.61%
- 3-year vs S&P 500
- -21.77%
- 5-year vs S&P 500
- -25.22%
- 5-year top 5
- +48.42%
Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.
Get email alerts when Thomas Gayner files a new 13F — sign in or create a free account.
Sells
These are the positions the manager reduced or sold out of this quarter, showing where they pulled money back. The quarter shown is Q2 2026.
| Ticker | Security | Activity | % portfolio | Shares | Value | Reported price | Q range |
|---|---|---|---|---|---|---|---|
| SMG | SCOTTS MIRACLE-GRO CO | Sold | — | 0 | $0 | — | - |
| UNH | UNITEDHEALTH GROUP INC | Sold | — | 0 | $0 | — | - |
| ADI | ANALOG DEVICES INC | Reduce -2.3% | 3.02% | 999,671 | $397.04M | $397.17 | $309.79 - $444.75(65%)$320.58 -> $397.87 |
| META | META PLATFORMS INC | Reduce -5.7% | 1.00% | 234,163 | $131.9M | $563.29 | $540.21 - $691.52(15%)$579.23 -> $563.29 |
| CMCSA | COMCAST CORP NEW | Reduce -16.6% | 0.15% | 802,074 | $19.69M | $24.55 | $22.13 - $32.08(24%)$28.05 -> $24.55 |