In plain English: this page lists every stock Tom Gayner's fund told the SEC it owned at the end of the quarter, biggest first, and what changed since the quarter before — "New" means they bought it for the first time, "Sold" means they sold all of it. The list is at least 6 weeks old, and it is only part of their investments (no cash, bonds or bets against stocks).
Educational and informational only, not personalized investment advice. Based on public filings that may be delayed or contain errors; verify with the original filings. Disclaimer
Reported value ⓘTotal of long stock positions in this 13F. Options are listed separately and not included.
$13.13B
Q2 2026
Quarter change
+10.0%
vs Q1 2026 ($11.94B)
Holdings
130
Top-10 weight 42.9%
Activity
3 new · 2 sold out
24 added to · 3 trimmed
Investing style at a glance · Q2 2026
- Moderately diversified: 130 stocks, with 42.9% of the portfolio in the 10 largest.
- Biggest sector: Financials (36.3% of the portfolio).
- Turnover this quarter: low — 3 new positions and 2 sold out (24 added to, 3 trimmed).
- Largest position: GOOG at 7.4% of the portfolio.
Worked out from this 13F only (long stock positions). ⓘConcentration: The share of a portfolio in its 10 largest positions. High = a few big bets; low = spread out. Guide ⓘTurnover: How many positions were opened or closed this quarter compared with the number held. Guide
Portfolio value over time
Reported 13F value per quarter (dashed = partial quarter)
Sector allocation
Q2 2026
- Financials36.3%
- Industrials17.6%
- Communication Services11.7%
- Information Technology10.8%
- Consumer Discretionary9.2%
- Real Estate4.5%
- Consumer Staples4.4%
- Materials2.6%
- Health Care2.6%
- Utilities0.2%
- Energy0.1%
Top holdings over time
Share of the portfolio each quarter (current top 5)
Quarter-by-quarter activity
Positions bought (new or added) vs sold (trimmed or exited)
🔒 The advanced charts (performance, sector allocation over time, adds vs. trims) is a Plus feature
You're viewing the Free plan. Upgrade to unlock The advanced charts (performance, sector allocation over time, adds vs. trims) — every paid plan starts with a 7-day free trial, and you can cancel in two clicks.
Column filters
| Ticker | Company | Sector | Shares | Value ↓ | % of portfolio | Change | Δ shares | Δ shares % | Est. Δ value ⓘChange in shares × this quarter's price |
|---|---|---|---|---|---|---|---|---|---|
| GOOG | Alphabet Inc (Class C) | Communication Services | 2.75M | $971.61M | 7.4% | Held | 0 | 0.0% | $0 |
| BRK.A | Berkshire Hathaway Inc (Class A) | Financials | 1.11K | $834.22M | 6.4% | Held | 0 | 0.0% | $0 |
| BRK.B | Berkshire Hathaway Inc (Class B) | Financials | 1.53M | $766.58M | 5.8% | Held | 0 | 0.0% | $0 |
| DE | Deere & Co | Industrials | 877.90K | $556.88M | 4.2% | Held | 0 | 0.0% | $0 |
| BN | Brookfield Corp (Class A) | Real Estate | 13.07M | $556.81M | 4.2% | Held | 0 | 0.0% | $0 |
| AMZN | Amazon Com Inc | Consumer Discretionary | 2.03M | $484.01M | 3.7% | Held | 0 | 0.0% | $0 |
| ADI | Analog Devices Inc | Information Technology | 999.67K | $397.04M | 3.0% | Reduced | -23.6K | -2.3% | -$9.36M |
| GS | Goldman Sachs Group Inc | Financials | 359.36K | $363.45M | 2.8% | Held | 0 | 0.0% | $0 |
| AAPL | Apple Inc | Information Technology | 1.23M | $355.13M | 2.7% | Held | 0 | 0.0% | $0 |
| CAT | Caterpillar Inc | Industrials | 328.65K | $349.98M | 2.7% | Held | 0 | 0.0% | $0 |
| V | Visa Inc (Class A) | Financials | 1.01M | $347.86M | 2.6% | Added | +9.6K | +1.0% | +$3.29M |
| HD | Home Depot, Inc | Consumer Discretionary | 922.50K | $325.35M | 2.5% | Added | +2.5K | +0.3% | +$881.70K |
| WSO | Watsco Inc | Industrials | 597.75K | $249.10M | 1.9% | Added | +15.6K | +2.7% | +$6.49M |
| TXN | Texas Instruments Inc | Information Technology | 724.00K | $215.80M | 1.6% | Held | 0 | 0.0% | $0 |
| BLK | BlackRock, Inc | Financials | 220.20K | $211.74M | 1.6% | Held | 0 | 0.0% | $0 |
| GOOGL | Alphabet Inc (Class A) | Communication Services | 572.00K | $204.42M | 1.6% | Held | 0 | 0.0% | $0 |
| MSFT | Microsoft Corp | Information Technology | 537.63K | $200.55M | 1.5% | Held | 0 | 0.0% | $0 |
| DIS | Walt Disney Co | Communication Services | 2.03M | $195.55M | 1.5% | Held | 0 | 0.0% | $0 |
| AXP | American Express Co | Financials | 490.45K | $165.89M | 1.3% | Held | 0 | 0.0% | $0 |
| LOW | Lowes Companies Inc | Consumer Discretionary | 751.98K | $165.80M | 1.3% | Added | +13.5K | +1.8% | +$2.98M |
| PGR | Progressive Corp | Financials | 753.75K | $164.66M | 1.3% | Held | 0 | 0.0% | $0 |
| FNV | Franco Nevada Corp | Materials | 773.50K | $161.23M | 1.2% | Added | +65.0K | +9.2% | +$13.55M |
| LPLA | LPL Financial Holdings Inc | Financials | 559.95K | $157.73M | 1.2% | Held | 0 | 0.0% | $0 |
| JNJ | Johnson & Johnson | Health Care | 610.80K | $155.12M | 1.2% | Held | 0 | 0.0% | $0 |
| BX | Blackstone Inc | Financials | 1.23M | $144.62M | 1.1% | Held | 0 | 0.0% | $0 |
| RLI | Rli Corp | Financials | 2.39M | $141.45M | 1.1% | Held | 0 | 0.0% | $0 |
| GD | General Dynamics Corp | Industrials | 391.00K | $138.51M | 1.1% | Held | 0 | 0.0% | $0 |
| NVO | Novo Nordisk A S | Health Care | 2.87M | $137.58M | 1.0% | Held | 0 | 0.0% | $0 |
| KKR | KKR & Co. Inc | Financials | 1.45M | $133.25M | 1.0% | Held | 0 | 0.0% | $0 |
| META | Meta Platforms, Inc (Class A) | Communication Services | 234.16K | $131.90M | 1.0% | Reduced | -14.1K | -5.7% | -$7.96M |
| SCHW | Schwab Charles Corp | Financials | 1.39M | $128.70M | 1.0% | Added | +11.0K | +0.8% | +$1.01M |
| MRSH | Marsh & McLennan Companies, Inc | Financials | 763.50K | $127.25M | 1.0% | Held | 0 | 0.0% | $0 |
| APO | Apollo Global Management, Inc | Financials | 1.01M | $119.79M | 0.9% | Held | 0 | 0.0% | $0 |
| ADM | Archer-Daniels-Midland Co | Consumer Staples | 1.51M | $115.04M | 0.9% | Held | 0 | 0.0% | $0 |
| LIN | Linde plc | Materials | 215.60K | $111.88M | 0.9% | Added | +11.0K | +5.4% | +$5.71M |
| DEO | Diageo plc | Consumer Staples | 1.37M | $110.30M | 0.8% | Held | 0 | 0.0% | $0 |
| MA | Mastercard Inc (Class A) | Financials | 207.54K | $106.59M | 0.8% | Held | 0 | 0.0% | $0 |
| DG | Dollar General Corp | Consumer Staples | 869.25K | $100.06M | 0.8% | Held | 0 | 0.0% | $0 |
| BAM | Brookfield Asset Management Ltd (Class A) | Financials | 2.19M | $98.40M | 0.7% | Held | 0 | 0.0% | $0 |
| HEI.A | Heico Corp (Class A) | Industrials | 379.64K | $97.91M | 0.7% | Held | 0 | 0.0% | $0 |
| MCO | Moodys Corp | Financials | 213.89K | $96.88M | 0.7% | Held | 0 | 0.0% | $0 |
| ODFL | Old Dominion Freight Line, Inc | Industrials | 429.15K | $92.95M | 0.7% | Held | 0 | 0.0% | $0 |
| NSC | Norfolk Southern Corp | Industrials | 282.50K | $88.87M | 0.7% | Held | 0 | 0.0% | $0 |
| ITW | Illinois Tool Works Inc | Industrials | 327.50K | $88.58M | 0.7% | Held | 0 | 0.0% | $0 |
| JPM | Jpmorgan Chase & Co | Financials | 252.55K | $82.67M | 0.6% | Held | 0 | 0.0% | $0 |
| NVR | NVR Inc | Industrials | 12.10K | $82.42M | 0.6% | Added | +10 | +0.1% | +$68.13K |
| MSCI | MSCI Inc | Financials | 142.85K | $80.00M | 0.6% | Held | 0 | 0.0% | $0 |
| ROK | Rockwell Automation, Inc | Information Technology | 154.90K | $76.69M | 0.6% | Held | 0 | 0.0% | $0 |
| ECL | Ecolab Inc | Consumer Staples | 274.30K | $76.42M | 0.6% | Held | 0 | 0.0% | $0 |
| SUNB | Sunbelt Rentals Holdings, Inc | Industrials | 974.36K | $72.89M | 0.6% | Added | +11.0K | +1.1% | +$822.91K |
Column filters
| Ticker | Company | Sector | Shares sold | Value last quarter ↓ |
|---|---|---|---|---|
| SMG | Scotts Miracle-Gro Co (Class A) | Materials | -168.0K | $10.22M |
| UNH | Unitedhealth Group Inc | Health Care | -18.7K | $5.06M |
13F filings on record (4)
🔒 This manager's full history (all quarters and every 13F filing on record) is a Basic feature
You're viewing the Free plan. Upgrade to unlock This manager's full history (all quarters and every 13F filing on record) — every paid plan starts with a 7-day free trial, and you can cancel in two clicks.