Tom Gayner
Portfolio
$11.9B
▲ 10% over 8 quarters
Stocks
144
0 option positions not counted
Bought
+$91.5M
17 new · 25 added
Sold
−$114.1M
2 sold out · 8 cut
Largest holdings
% of portfolio · = Q2 2026nowchange, pts
BRKABerkshire Hathaway Inc Del
7.0%
+0.1
BRKBBerkshire Hathaway Inc Del
6.4%
+0.1
BNBrookfield Corp
4.0%
−0.6
What they did in Q3 2026 · dollars at the quarter-end price
SoldBought
-$27.2MABNB
ZTS+$25.1M
-$18.1MMETA
XOMNEW+$9.8M
-$17.9MGOOGL
WSO+$7.6M
-$14.1MYUM
FNV+$3.2M
-$11.2MDE
HD+$2.7M
-$11.2MCMCSA
LIN+$2.4M
-$7.7MXOMOUT
ZBRANEW+$2.4M
-$4.9MCOST
MBGLNEW+$2.0M
The 8 largest each way of 10 sells and 42 buys; all of them are in the table below.
How the portfolio's mix changed · % of the money, last 8 quarters
Every holding in Q3 2026
| Stock | % of portfolio | Shares | Value | Price | Activity |
|---|---|---|---|---|---|
| BRKA Berkshire Hathaway Inc Del · CL A | 6.99% | 1K | $832.2M | 747005.00 | |
| BRKB Berkshire Hathaway Inc Del · CL B NEW | 6.41% | 1.53M | $762.8M | 497.95 | |
| DE Deere & Co | 4.86% | 861K | $578.3M | 671.55 | Reduced -1.9% |
| AMZN Amazon Com Inc | 4.25% | 2.03M | $506.0M | 249.15 | |
| BN Brookfield Corp · CL A LTD VT SH | 4.00% | 13.07M | $476.7M | 36.46 | |
| AAPL Apple Inc | 3.43% | 1.23M | $408.7M | 333.02 | |
| ADI Analog Devices Inc | 3.33% | 1000K | $396.6M | 396.71 | |
| V Visa Inc · COM CL A | 3.06% | 1.01M | $364.3M | 359.33 | |
| GS Goldman Sachs Group Inc | 2.72% | 359K | $323.6M | 900.36 | |
| MSFT Microsoft Corp | 2.32% | 538K | $275.8M | 512.90 | |
| CAT Caterpillar Inc | 2.24% | 329K | $266.5M | 810.79 | |
| HD Home Depot Inc | 2.23% | 932K | $265.1M | 284.49 | Added +1.0% |
| BLK Blackrock Inc | 1.96% | 220K | $233.0M | 1058.29 | |
| DIS Disney Walt Co | 1.80% | 2.04M | $213.9M | 104.90 | |
| TXN Texas Instrs Inc | 1.70% | 724K | $202.8M | 280.09 | |
| WSO Watsco Inc | 1.58% | 623K | $188.6M | 302.69 | Added +4.2% |
| FNV Franco Nev Corp | 1.57% | 787K | $187.4M | 238.11 | Added +1.8% |
| GOOGL Alphabet Inc · CAP STK CL A | 1.50% | 520K | $178.9M | 344.08 | Reduced -9.1% |
| LPLA Lpl Finl Hldgs Inc | 1.45% | 566K | $173.1M | 305.80 | Added +1.1% |
| JNJ Johnson & Johnson | 1.36% | 611K | $161.7M | 264.74 | |
| PGR Progressive Corp | 1.31% | 754K | $156.3M | 207.31 | |
| META Meta Platforms Inc · CL A | 1.27% | 209K | $151.7M | 725.18 | Reduced -10.7% |
| AXP American Express Co | 1.25% | 490K | $149.1M | 304.10 | |
| LOW Lowes Cos Inc | 1.18% | 761K | $140.3M | 184.29 | Added +1.3% |
| BX Blackstone Inc | 1.16% | 1.23M | $137.8M | 112.09 | |
| SCHW Schwab Charles Corp | 1.15% | 1.39M | $136.3M | 97.74 | |
| RLI Rli Corp | 1.13% | 2.42M | $134.0M | 55.31 | Added +1.1% |
| KKR Kkr & Co Inc | 1.11% | 1.45M | $132.5M | 91.30 | |
| MRSH Marsh & Mclennan Cos Inc | 1.10% | 764K | $130.4M | 170.73 | |
| GD General Dynamics Corp | 1.09% | 391K | $129.7M | 331.83 | |
| ADM Archer Daniels Midland Co | 1.00% | 1.51M | $119.5M | 79.38 | |
| APO Apollo Global Mgmt Inc | 0.99% | 1.01M | $117.5M | 116.06 | |
| DEO Diageo Plc · SPON ADR NEW | 0.99% | 1.37M | $117.5M | 85.60 | |
| MA Mastercard Incorporated · CL A | 0.96% | 208K | $114.5M | 551.47 | |
| NVO Novo-Nordisk A S · ADR | 0.91% | 2.87M | $108.8M | 37.91 | |
| LIN Linde Plc · SHS | 0.88% | 221K | $104.7M | 474.65 | Added +2.3% |
| DG Dollar Gen Corp | 0.87% | 869K | $103.9M | 119.58 | |
| MCO Moodys Corp | 0.82% | 214K | $97.1M | 454.13 | |
| BAM Brookfield Asset Managmt Ltd · CL A LMT VTG SHS | 0.81% | 2.17M | $96.9M | 44.58 | Reduced -0.9% |
| NSC Norfolk Southn Corp | 0.73% | 282K | $87.3M | 309.00 | |
| HEIA Heico Corp New · CL A | 0.73% | 380K | $86.7M | 228.33 | |
| ITW Illinois Tool Wks Inc | 0.71% | 328K | $84.3M | 257.28 | |
| JPM Jpmorgan Chase & Co | 0.70% | 253K | $83.6M | 330.83 | |
| MSCI Msci Inc | 0.65% | 143K | $76.9M | 538.66 | |
| ECL Ecolab Inc | 0.63% | 274K | $75.3M | 274.58 | |
| NVR Nvr Inc | 0.63% | 12K | $74.9M | 6154.39 | Added +0.6% |
| ODFL Old Dominion Freight Line In | 0.63% | 429K | $74.6M | 173.84 | |
| SUNB Sunbelt Rentals Holdings Inc · SHS | 0.60% | 983K | $72.0M | 73.21 | Added +0.9% |
| ROK Rockwell Automation Inc | 0.57% | 155K | $67.4M | 435.33 | |
| ITIC Investors Title Co Nc | 0.51% | 213K | $60.3M | 282.90 | |
| THG Hanover Ins Group Inc | 0.51% | 281K | $60.2M | 214.12 | |
| SBUX Starbucks Corp | 0.49% | 624K | $58.6M | 93.96 | |
| CG Carlyle Group Inc | 0.44% | 1.33M | $52.6M | 39.66 | |
| TMO Thermo Fisher Scientific Inc | 0.42% | 74K | $50.0M | 675.05 | Added +1.4% |
| ROL Rollins Inc | 0.40% | 1.58M | $47.6M | 30.12 | Added +4.2% |
| SPGI S&p Global Inc | 0.39% | 118K | $46.4M | 394.47 | |
| TSN Tyson Foods Inc · CL A | 0.39% | 914K | $46.2M | 50.53 | |
| UNP Union Pac Corp | 0.38% | 166K | $45.2M | 272.13 | Added +3.1% |
| HGTY Hagerty Inc · CL A COM | 0.35% | 3.11M | $41.8M | 13.46 | |
| MELI Mercadolibre Inc | 0.35% | 24K | $41.8M | 1728.53 | Added +0.8% |
| RTX Rtx Corporation | 0.35% | 224K | $41.6M | 185.65 | |
| FERG Ferguson Enterprises Inc · COMMON STOCK NEW | 0.34% | 184K | $41.0M | 222.62 | Added +2.2% |
| CSCO Cisco Sys Inc | 0.32% | 356K | $38.3M | 107.63 | |
| AON Aon Plc · SHS CL A | 0.32% | 136K | $37.6M | 276.77 | |
| FDS Factset Resh Sys Inc | 0.31% | 135K | $36.5M | 269.95 | |
| HCA Hca Healthcare Inc | 0.30% | 85K | $36.3M | 426.74 | Added +0.7% |
| MAR Marriott Intl Inc New · CL A | 0.30% | 100K | $35.5M | 355.67 | |
| ALL Allstate Corp | 0.29% | 155K | $34.3M | 221.86 | |
| LMT Lockheed Martin Corp | 0.28% | 65K | $33.2M | 509.25 | |
| TROW Price T Rowe Group Inc | 0.27% | 314K | $32.7M | 104.05 | |
| URI United Rentals Inc | 0.26% | 31K | $31.2M | 1000.78 | |
| COST Costco Wholesale Corporation | 0.26% | 34K | $30.7M | 910.34 | Reduced -13.8% |
| SHW Sherwin Williams Co | 0.26% | 94K | $30.4M | 323.27 | |
| ZTS Zoetis Inc · CL A | 0.25% | 425K | $29.7M | 69.83 | Added +542.5% |
| ACN Accenture Plc Ireland · SHS CLASS A | 0.25% | 159K | $29.2M | 183.37 | |
| LAMR Lamar Advertising Co · CL A | 0.23% | 193K | $27.8M | 144.11 | |
| CSX Csx Corp | 0.23% | 598K | $27.8M | 46.51 | Added +2.2% |
| VRSK Verisk Analytics Inc | 0.22% | 156K | $26.2M | 167.85 | |
| APD Air Products And Chemicals I | 0.22% | 93K | $25.8M | 278.23 | Added +4.8% |
| CCK Crown Hldgs Inc | 0.19% | 220K | $23.2M | 105.41 | |
| BFA Brown Forman Corp · CL A | 0.19% | 843K | $22.6M | 26.83 | |
| RNR Renaissancere Hldgs Ltd | 0.19% | 70K | $22.3M | 318.23 | |
| PM Philip Morris Intl Inc | 0.18% | 114K | $21.8M | 190.82 | |
| EPD Enterprise Prods Partners L | 0.18% | 612K | $21.8M | 35.61 | Added +7.6% |
| FIX Comfort Sys Usa Inc | 0.18% | 13K | $21.5M | 1654.09 | |
| YUM Yum Brands Inc | 0.16% | 142K | $19.4M | 136.34 | Reduced -42.1% |
| AMAT Applied Matls Inc | 0.16% | 36K | $18.6M | 511.38 | |
| BNY Bank Of Ny Mellon Corp | 0.15% | 124K | $18.0M | 144.63 | |
| SEIC Sei Invts Co | 0.15% | 173K | $17.8M | 102.66 | |
| COF Capital One Finl Corp | 0.15% | 91K | $17.6M | 193.07 | |
| WFC Wells Fargo & Co | 0.14% | 204K | $16.4M | 80.05 | |
| HXL Hexcel Corp New | 0.13% | 189K | $15.9M | 83.92 | |
| NKE Nike Inc · CL B | 0.13% | 447K | $15.8M | 35.40 | |
| SHOP Shopify Inc · CL A SUB VTG SHS | 0.13% | 103K | $15.2M | 148.30 | |
| PAYX Paychex Inc | 0.12% | 150K | $14.8M | 98.50 | |
| CARR Carrier Global Corporation | 0.11% | 240K | $13.2M | 54.86 | Added +2.1% |
| CME Cme Group Inc | 0.11% | 50K | $13.0M | 261.98 | |
| SPOT Spotify Technology S A · SHS | 0.11% | 26K | $12.6M | 487.38 | |
| IQV Iqvia Hldgs Inc | 0.11% | 47K | $12.6M | 268.85 | |
| BFB Brown Forman Corp · CL B | 0.10% | 474K | $12.4M | 26.20 | |
| PEP Pepsico Inc | 0.10% | 96K | $12.2M | 126.72 | |
| CBOE Cboe Global Mkts Inc | 0.10% | 44K | $12.0M | 275.29 | |
| HSY Hershey Co | 0.10% | 75K | $11.8M | 157.61 | |
| ABNB Airbnb Inc · COM CL A | 0.10% | 73K | $11.8M | 160.65 | Reduced -69.7% |
| EFX Equifax Inc | 0.08% | 73K | $10.0M | 137.24 | |
| XOM Exxonmobil Holdings Ord · COM SHS | 0.08% | 60K | $9.8M | 162.75 | New |
| UBER Uber Technologies Inc | 0.08% | 142K | $9.8M | 68.51 | |
| OTIS Otis Worldwide Corp | 0.08% | 146K | $9.4M | 64.32 | Added +9.0% |
| NSP Insperity Inc | 0.07% | 181K | $8.4M | 46.59 | |
| SONY Sony Group Corp · SPONSORED ADR | 0.07% | 335K | $7.9M | 23.53 | |
| KMX Carmax Inc | 0.06% | 136K | $7.5M | 55.11 | |
| HII Huntington Ingalls Inds Inc | 0.06% | 28K | $7.3M | 267.07 | |
| CP Canadian Pacific Kansas City | 0.06% | 80K | $6.8M | 85.10 | Added +8.9% |
| CNI Canadian Natl Ry Co | 0.05% | 54K | $6.4M | 118.90 | |
| CMCSA Comcast Corp New · CL A | 0.05% | 288K | $6.3M | 21.76 | Reduced -64.0% |
| GHC Graham Hldgs Co · COM CL B | 0.05% | 5K | $5.9M | 1134.67 | |
| EMN Eastman Chem Co | 0.04% | 75K | $4.9M | 64.84 | |
| NFLX Netflix Inc. | 0.04% | 68K | $4.7M | 69.58 | Added +68.8% |
| ICE Intercontinental Exchange In | 0.04% | 29K | $4.4M | 152.03 | |
| WRB Berkley W R Corp | 0.03% | 61K | $4.1M | 67.54 | |
| WY Weyerhaeuser Co | 0.03% | 202K | $3.8M | 19.05 | Added +68.3% |
| BC Brunswick Corp | 0.03% | 51K | $3.3M | 64.24 | |
| AYI Acuity Inc | 0.03% | 10K | $3.0M | 309.81 | |
| MGM Mgm Resorts International | 0.02% | 88K | $2.7M | 31.05 | |
| EXP Eagle Matls Inc | 0.02% | 15K | $2.5M | 171.02 | |
| SYY Sysco Corp | 0.02% | 30K | $2.4M | 77.96 | |
| ZBRA Zebra Technologies Corporati · CL A | 0.02% | 6K | $2.4M | 373.31 | New |
| MBGL Mobility Global Inc · COM SHS | 0.02% | 118K | $2.0M | 17.15 | New |
| SLAB Silicon Laboratories Inc | 0.02% | 8K | $1.8M | 221.58 | New |
| TYL Tyler Technologies Inc | 0.01% | 5K | $1.7M | 318.60 | New |
| VGZ Vista Gold Corp | 0.01% | 615K | $1.7M | 2.71 | New |
| DPZ Dominos Pizza Inc | 0.01% | 6K | $1.6M | 299.61 | |
| WSC Willscot Hldgs Corp · COM CL A | 0.01% | 90K | $1.5M | 17.18 | New |
| XPO Xpo Inc | 0.01% | 9K | $1.5M | 175.98 | New |
| XYL Xylem Inc | 0.01% | 12K | $1.2M | 101.27 | New |
| WTS Watts Water Technologies Inc · CL A | 0.01% | 3K | $1.2M | 354.18 | New |
| UFPI Ufp Industries Inc | 0.01% | 14K | $1.1M | 77.22 | Added +250.0% |
| VVV Valvoline Inc | 0.01% | 34K | $1.0M | 30.14 | New |
| XPEL Xpel Inc | 0.01% | 21K | $922K | 44.17 | New |
| TOST Toast Inc · CL A | 0.01% | 27K | $783K | 28.99 | New |
| XRN Chiron Real Estate Inc | 0.01% | 22K | $752K | 34.76 | New |
| SITE Siteone Landscape Supply Inc | 0.01% | 8K | $719K | 90.31 | New |
| CPRT Copart Inc | 0.00% | 10K | $273K | 27.28 | New |
| VMC Vulcan Matls Co | 0.00% | 958 | $234K | 244.63 | New |
Sold out this quarter
| Stock | Shares the quarter before | % of portfolio then |
|---|---|---|
| XOM Exxon Mobil Corp | 56K | 0.06% |
| BRO Brown & Brown Inc | 14K | 0.01% |
From the information table of the 13F-HR (and any amendment for the same quarter), lines added up by CUSIP. Values are as reported by the manager. Changes compare share counts with the previous quarter on file; a share split between the two is detected and adjusted for.