Conglomerate · CIK 0001096343

Tom Gayner

Markel Group

Tom Gayner runs Markel Group, a conglomerate overseeing $12.54B in disclosed equity holdings (SEC CIK 0001096343). The latest portfolio (2025Q4) discloses 128 positions across 10 sectors, with the largest positions in GOOG, BRK.A and BRK.B. On a mark-to-market basis the tracked portfolio has returned 13.0% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Track Tom's filings View holdings

Portfolio

$12.54B

Positions

128

Quarter

2025Q4

Filings tracked

1Y+13.0%3Y+71.1%5Y+41.0%10Y+295.5%Full performance →

Quarter

2025Q4 2025Q3 2025Q2 2025Q1 2024Q4 2024Q3 2024Q2 2024Q1 2023Q4 2023Q3 2023Q2 2023Q1

Holdings

Sorted by value · 2024Q4

Sector132 positions

BRK.ABERKSHIRE HATHAWAY INC DEL

6.69%

of portfolio

Number of shares

1,114 sh

Holdings current value

$758.54M

Avg closing price

$215657

+229.9%

Last action

New holding

2022Q2

Current $711559

BRK.BBERKSHIRE HATHAWAY INC DEL

6.12%

of portfolio

Number of shares

1,531,971 sh

Holdings current value

$694.41M

Avg closing price

$142.65

+232.7%

Last action

New holding

2022Q2

Current $474.58

GOOGALPHABET INC

Communication Services·Internet Content & Information

4.62%

of portfolio

Number of shares

2,749,860 sh

Holdings current value

$523.68M

Avg closing price

$136.47

+148.7%

Last action

Added 1900.0%

2022Q3

Current $339.40

BNBROOKFIELD CORP

Financial Services·Asset Management

4.41%

of portfolio

Number of shares

8,715,741 sh

Holdings current value

$500.72M

Avg closing price

$36.27

+28.5%

Last action

Added 100.0%

2025Q4

Current $46.59

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

3.93%

of portfolio

Number of shares

2,030,760 sh

Holdings current value

$445.53M

Avg closing price

$149.25

+67.9%

Last action

Added 0.3%

2023Q4

Current $250.56

DEDEERE & CO

Industrials·Farm & Heavy Construction Machinery

3.27%

of portfolio

Number of shares

874,950 sh

Holdings current value

$370.72M

Avg closing price

$122.39

+382.4%

Last action

Added 0.0%

2025Q2

Current $590.46

HDHOME DEPOT INC

Consumer Cyclical·Home Improvement Retail

3.15%

of portfolio

Number of shares

920,000 sh

Holdings current value

$357.87M

Avg closing price

$133.43

+161.9%

Last action

New holding

2022Q2

Current $349.40

VVISA INC

Financial Services·Credit Services

2.78%

of portfolio

Number of shares

999,285 sh

Holdings current value

$315.81M

Avg closing price

$87.28

+263.2%

Last action

Added 1.0%

2023Q3

Current $317.02

AAPLAPPLE INC

Technology·Consumer Electronics

2.71%

of portfolio

Number of shares

1,227,290 sh

Holdings current value

$307.34M

Avg closing price

$129.19

+109.2%

Last action

Added 0.0%

2024Q2

Current $270.23

WSOWATSCO INC

Industrials·Industrial Distribution

2.47%

of portfolio

Number of shares

590,500 sh

Holdings current value

$279.83M

Avg closing price

$208.92

+105.9%

Last action

Added 2.2%

2025Q4

Current $430.26

ADIANALOG DEVICES INC

Technology·Semiconductors

2.19%

of portfolio

Number of shares

1,167,671 sh

Holdings current value

$248.08M

Avg closing price

$102.11

+263.8%

Last action

Trimmed 11.0%

2025Q4

Current $371.45

DISDISNEY WALT CO

Communication Services·Entertainment

1.99%

of portfolio

Number of shares

2,031,665 sh

Holdings current value

$226.23M

Avg closing price

$100.40

+5.9%

Last action

Added 0.1%

2023Q4

Current $106.29

BLKBLACKROCK INC

Financial Services·Asset Management

1.99%

of portfolio

Number of shares

220,200 sh

Holdings current value

$225.73M

Avg closing price

$1025

+2.6%

Last action

New holding

2024Q4

Current $1052

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

1.93%

of portfolio

Number of shares

519,480 sh

Holdings current value

$218.96M

Avg closing price

$115.47

+266.1%

Last action

Added 0.7%

2025Q4

Current $422.79

KKRKKR & CO INC

Financial Services·Asset Management

1.89%

of portfolio

Number of shares

1,451,800 sh

Holdings current value

$214.74M

Avg closing price

$28.35

+265.4%

Last action

Added 0.2%

2023Q3

Current $103.60

BXBLACKSTONE INC

Financial Services·Asset Management

1.87%

of portfolio

Number of shares

1,229,000 sh

Holdings current value

$211.90M

Avg closing price

$48.92

+163.8%

Last action

New holding

2022Q2

Current $129.08

GSGOLDMAN SACHS GROUP INC

Financial Services·Capital Markets

1.81%

of portfolio

Number of shares

359,360 sh

Holdings current value

$205.78M

Avg closing price

$213.38

+333.9%

Last action

Added 0.6%

2022Q4

Current $925.95

RLIRLI CORP

Financial Services·Insurance - Property & Casualty

1.74%

of portfolio

Number of shares

1,197,272 sh

Holdings current value

$197.35M

Avg closing price

$73.60

-19.8%

Last action

Added

2025Q1

Current $59.02

NVONOVO-NORDISK A SADR

Healthcare·Drug Manufacturers - General

1.63%

of portfolio

Number of shares

2,150,000 sh

Holdings current value

$184.94M

Avg closing price

$67.99

-40.4%

Last action

Added 30.4%

2025Q4

Current $40.52

PGRPROGRESSIVE CORP

Financial Services·Insurance - Property & Casualty

1.59%

of portfolio

Number of shares

753,750 sh

Holdings current value

$180.61M

Avg closing price

$71.90

+181.8%

Last action

New holding

2022Q2

Current $202.58

LPLALPL FINL HLDGS INC

Financial Services·Capital Markets

1.53%

of portfolio

Number of shares

532,404 sh

Holdings current value

$173.84M

Avg closing price

$240.60

+31.9%

Last action

Added 1.3%

2025Q4

Current $317.41

DEODIAGEO PLCADR

Consumer Defensive·Beverages - Wineries & Distilleries

1.53%

of portfolio

Number of shares

1,366,708 sh

Holdings current value

$173.75M

Avg closing price

$108.47

-24.5%

Last action

Added 0.4%

2025Q4

Current $81.88

LOWLOWES COS INC

Consumer Cyclical·Home Improvement Retail

1.53%

of portfolio

Number of shares

701,480 sh

Holdings current value

$173.13M

Avg closing price

$106.80

+135.7%

Last action

Added 1.1%

2025Q4

Current $251.72

APOAPOLLO GLOBAL MGMT INC

Financial Services·Asset Management

1.47%

of portfolio

Number of shares

1,012,500 sh

Holdings current value

$167.22M

Avg closing price

$48.48

+157.1%

Last action

New holding

2022Q2

Current $124.62

METAMETA PLATFORMS INC

Communication Services·Internet Content & Information

1.44%

of portfolio

Number of shares

278,381 sh

Holdings current value

$162.99M

Avg closing price

$182.85

+276.6%

Last action

Trimmed 10.3%

2025Q4

Current $688.55

MRSHMARSH & MCLENNAN COS INC

Financial Services·Insurance Brokers

1.38%

of portfolio

Number of shares

735,500 sh

Holdings current value

$156.23M

Avg closing price

$87.64

+100.6%

Last action

Added 0.9%

2025Q4

Current $175.80

AXPAMERICAN EXPRESS CO

Financial Services·Credit Services

1.27%

of portfolio

Number of shares

484,250 sh

Holdings current value

$143.72M

Avg closing price

$76.00

+336.4%

Last action

Added 0.9%

2025Q4

Current $331.69

TXNTEXAS INSTRS INC

Technology·Semiconductors

1.20%

of portfolio

Number of shares

724,000 sh

Holdings current value

$135.76M

Avg closing price

$80.83

+184.3%

Last action

New holding

2022Q2

Current $229.82

BAMBROOKFIELD ASSET MANAGMT LTD

Financial Services·Asset Management

1.05%

of portfolio

Number of shares

2,193,953 sh

Holdings current value

$118.89M

Avg closing price

$28.67

+72.0%

Last action

Trimmed 0.0%

2023Q2

Current $49.32

CATCATERPILLAR INC

Industrials·Farm & Heavy Construction Machinery

1.04%

of portfolio

Number of shares

324,800 sh

Holdings current value

$117.82M

Avg closing price

$109.71

+624.4%

Last action

Added 0.2%

2025Q2

Current $794.65

MAMASTERCARD INCORPORATED

Financial Services·Credit Services

0.96%

of portfolio

Number of shares

207,540 sh

Holdings current value

$109.28M

Avg closing price

$119.68

+335.6%

Last action

New holding

2022Q2

Current $521.30

GOOGLALPHABET INC

Communication Services·Internet Content & Information

0.93%

of portfolio

Number of shares

555,000 sh

Holdings current value

$105.06M

Avg closing price

$130.74

+161.4%

Last action

Added 2.8%

2025Q2

Current $341.68

GDGENERAL DYNAMICS CORP

Industrials·Aerospace & Defense

0.91%

of portfolio

Number of shares

391,000 sh

Holdings current value

$103.02M

Avg closing price

$132.29

+154.2%

Last action

New holding

2022Q2

Current $336.29

MCOMOODYS CORP

Financial Services·Financial Data & Stock Exchanges

0.89%

of portfolio

Number of shares

213,890 sh

Holdings current value

$101.25M

Avg closing price

$104.87

+334.2%

Last action

Added 0.2%

2022Q4

Current $455.35

SCHWSCHWAB CHARLES CORP

Financial Services·Capital Markets

0.89%

of portfolio

Number of shares

1,363,800 sh

Holdings current value

$100.93M

Avg closing price

$36.30

+154.2%

Last action

Added 0.8%

2025Q4

Current $92.28

NVRNVR INC

Consumer Cyclical·Residential Construction

0.85%

of portfolio

Number of shares

11,814 sh

Holdings current value

$96.63M

Avg closing price

$3890

+80.0%

Last action

Added 0.9%

2025Q4

Current $7001

JNJJOHNSON & JOHNSON

Healthcare·Drug Manufacturers - General

0.78%

of portfolio

Number of shares

610,800 sh

Holdings current value

$88.33M

Avg closing price

$108.20

+116.4%

Last action

New holding

2022Q2

Current $234.18

MSCIMSCI INC

Financial Services·Financial Data & Stock Exchanges

0.76%

of portfolio

Number of shares

142,850 sh

Holdings current value

$85.71M

Avg closing price

$88.11

+545.3%

Last action

Added 0.3%

2022Q4

Current $568.55

ITWILLINOIS TOOL WKS INC

Industrials·Specialty Industrial Machinery

0.73%

of portfolio

Number of shares

327,500 sh

Holdings current value

$83.04M

Avg closing price

$120.12

+126.6%

Last action

New holding

2022Q2

Current $272.26

SPGIS&P GLOBAL INC

Financial Services·Financial Data & Stock Exchanges

0.66%

of portfolio

Number of shares

150,690 sh

Holdings current value

$75.05M

Avg closing price

$113.01

+291.6%

Last action

Added 0.3%

2022Q4

Current $442.57

ADMARCHER DANIELS MIDLAND CO

Consumer Defensive·Farm Products

0.66%

of portfolio

Number of shares

1,474,300 sh

Holdings current value

$74.48M

Avg closing price

$37.34

+79.5%

Last action

Trimmed 4.4%

2025Q3

Current $67.04

HEI/AHEICO CORP NEW

0.62%

of portfolio

Number of shares

379,644 sh

Holdings current value

$70.64M

Avg closing price

$76.32

Last action

Added 2.4%

2023Q2

Current —

G54950103LINDE PLC

0.62%

of portfolio

Number of shares

168,000 sh

Holdings current value

$70.34M

Avg closing price

$394.36

Last action

Added 4.5%

2025Q4

Current —

ROLROLLINS INC

Consumer Cyclical·Personal Services

0.60%

of portfolio

Number of shares

1,462,275 sh

Holdings current value

$67.78M

Avg closing price

$37.29

+47.5%

Last action

Added 0.9%

2025Q4

Current $55.00

CGCARLYLE GROUP INC

Financial Services·Asset Management

0.59%

of portfolio

Number of shares

1,327,000 sh

Holdings current value

$67.00M

Avg closing price

$22.26

+136.7%

Last action

Added 1.5%

2022Q4

Current $52.68

ECLECOLAB INC

Basic Materials·Specialty Chemicals

0.57%

of portfolio

Number of shares

274,300 sh

Holdings current value

$64.27M

Avg closing price

$128.50

+113.9%

Last action

New holding

2022Q2

Current $274.80

DGDOLLAR GEN CORP NEW

Consumer Defensive·Discount Stores

0.56%

of portfolio

Number of shares

835,750 sh

Holdings current value

$63.37M

Avg closing price

$161.37

-21.5%

Last action

Added 4.2%

2025Q1

Current $126.68

JPMJPMORGAN CHASE & CO

Financial Services·Banks - Diversified

0.53%

of portfolio

Number of shares

252,550 sh

Holdings current value

$60.54M

Avg closing price

$80.60

+285.0%

Last action

Added 4.6%

2023Q4

Current $310.29

FDXFEDEX CORP

Industrials·Integrated Freight & Logistics

0.51%

of portfolio

Number of shares

206,500 sh

Holdings current value

$58.09M

Avg closing price

$235.88

+66.3%

Last action

Exited

2025Q4

Current $392.38

FNVFRANCO NEV CORP

Basic Materials·Gold

0.50%

of portfolio

Number of shares

483,250 sh

Holdings current value

$56.83M

Avg closing price

$140.14

+87.3%

Last action

Added 19.2%

2025Q4

Current $262.50

SBUXSTARBUCKS CORP

Consumer Cyclical·Restaurants

0.50%

of portfolio

Number of shares

617,318 sh

Holdings current value

$56.33M

Avg closing price

$64.81

+54.3%

Last action

Added 1.1%

2025Q1

Current $100.00

G1151C101ACCENTURE PLC IRELAND

0.49%

of portfolio

Number of shares

159,400 sh

Holdings current value

$56.08M

Avg closing price

$116.68

Last action

New holding

2022Q2

Current —

FDSFACTSET RESH SYS INC

Financial Services·Financial Data & Stock Exchanges

0.49%

of portfolio

Number of shares

116,720 sh

Holdings current value

$56.06M

Avg closing price

$158.07

+47.2%

Last action

Added 4.6%

2025Q4

Current $232.73

NOCNORFOLK SOUTHN CORP

Industrials·Railroads

0.47%

of portfolio

Number of shares

229,500 sh

Holdings current value

$53.86M

Avg closing price

$116.47

+471.2%

Last action

Added 8.0%

2025Q4

Current $665.26

ODFLOLD DOMINION FREIGHT LINE IN

Industrials·Trucking

0.47%

of portfolio

Number of shares

300,700 sh

Holdings current value

$53.04M

Avg closing price

$216.04

+0.8%

Last action

Added 26.5%

2025Q4

Current $217.76

ITICINVESTORS TITLE CO NC

Financial Services·Insurance - Specialty

0.45%

of portfolio

Number of shares

213,300 sh

Holdings current value

$50.50M

Avg closing price

$91.07

+164.9%

Last action

New holding

2022Q2

Current $241.27

TSNTYSON FOODS INC

Consumer Defensive·Farm Products

0.40%

of portfolio

Number of shares

798,500 sh

Holdings current value

$45.87M

Avg closing price

$61.20

+5.9%

Last action

Added 4.7%

2025Q4

Current $64.82

G0403H108AON PLC

0.40%

of portfolio

Number of shares

126,200 sh

Holdings current value

$45.33M

Avg closing price

$279.50

Last action

Added 3.5%

2025Q4

Current —

ROKROCKWELL AUTOMATION INC

Industrials·Specialty Industrial Machinery

0.39%

of portfolio

Number of shares

154,900 sh

Holdings current value

$44.27M

Avg closing price

$144.80

+187.1%

Last action

New holding

2022Q2

Current $415.73

VRSKVERISK ANALYTICS INC

Industrials·Consulting Services

0.38%

of portfolio

Number of shares

155,950 sh

Holdings current value

$42.95M

Avg closing price

$157.77

+12.9%

Last action

Added 7.6%

2024Q4

Current $178.07

THGHANOVER INS GROUP INC

Financial Services·Insurance - Property & Casualty

0.36%

of portfolio

Number of shares

267,000 sh

Holdings current value

$41.29M

Avg closing price

$134.71

+35.0%

Last action

Added 0.4%

2025Q2

Current $181.85

MMM3M CO

Industrials·Conglomerates

0.33%

of portfolio

Number of shares

293,750 sh

Holdings current value

$37.92M

Avg closing price

$160.06

-3.4%

Last action

Exited

2025Q3

Current $154.55

CMCSACOMCAST CORP NEW

Communication Services·Telecom Services

0.32%

of portfolio

Number of shares

961,880 sh

Holdings current value

$36.10M

Avg closing price

$39.58

-25.1%

Last action

Trimmed 11.0%

2024Q4

Current $29.63

COSTCOSTCO WHSL CORP NEW

Consumer Defensive·Discount Stores

0.32%

of portfolio

Number of shares

39,150 sh

Holdings current value

$35.87M

Avg closing price

$158.00

+532.8%

Last action

New holding

2022Q2

Current $999.89

TROWPRICE T ROWE GROUP INC

Financial Services·Asset Management

0.31%

of portfolio

Number of shares

314,000 sh

Holdings current value

$35.51M

Avg closing price

$73.37

+32.2%

Last action

New holding

2022Q2

Current $96.98

NKENIKE INC

Consumer Cyclical·Footwear & Accessories

0.29%

of portfolio

Number of shares

432,400 sh

Holdings current value

$32.72M

Avg closing price

$64.78

-28.9%

Last action

Added 0.5%

2025Q2

Current $46.03

SHWSHERWIN WILLIAMS CO

Basic Materials·Specialty Chemicals

0.28%

of portfolio

Number of shares

94,172 sh

Holdings current value

$32.01M

Avg closing price

$321.50

+7.5%

Last action

New holding

2022Q2

Current $345.55

BF/ABROWN FORMAN CORP

0.28%

of portfolio

Number of shares

843,000 sh

Holdings current value

$31.77M

Avg closing price

$78.22

Last action

New holding

2022Q2

Current —

HGTYHAGERTY INC

Financial Services·Insurance - Property & Casualty

0.26%

of portfolio

Number of shares

3,108,000 sh

Holdings current value

$29.99M

Avg closing price

$9.37

+15.6%

Last action

Added 3.6%

2024Q4

Current $10.83

ALLALLSTATE CORP

Financial Services·Insurance - Property & Casualty

0.26%

of portfolio

Number of shares

154,550 sh

Holdings current value

$29.80M

Avg closing price

$126.18

+71.3%

Last action

Added 9.2%

2023Q4

Current $216.16

YUMYUM BRANDS INC

Consumer Cyclical·Restaurants

0.24%

of portfolio

Number of shares

205,502 sh

Holdings current value

$27.57M

Avg closing price

$137.77

+18.2%

Last action

Added 0.5%

2025Q2

Current $162.79

LMTLOCKHEED MARTIN CORP

Industrials·Aerospace & Defense

0.24%

of portfolio

Number of shares

56,363 sh

Holdings current value

$27.39M

Avg closing price

$465.09

+27.3%

Last action

Added 4.2%

2025Q4

Current $592.19

RTXRAYTHEON TECHNOLOGIES CORP

Industrials·Aerospace & Defense

0.23%

of portfolio

Number of shares

224,000 sh

Holdings current value

$25.92M

Avg closing price

$61.62

+218.8%

Last action

New holding

2024Q4

Current $196.42

TMOTHERMO FISHER SCIENTIFIC INC

Healthcare·Diagnostics & Research

0.19%

of portfolio

Number of shares

41,100 sh

Holdings current value

$21.38M

Avg closing price

$532.51

-1.1%

Last action

Added 20.5%

2025Q4

Current $526.60

PAYXPAYCHEX INC

Technology·Software - Application

0.19%

of portfolio

Number of shares

150,000 sh

Holdings current value

$21.03M

Avg closing price

$54.01

+70.3%

Last action

New holding

2022Q2

Current $91.96

URIUNITED RENTALS INC

Industrials·Rental & Leasing Services

0.18%

of portfolio

Number of shares

29,650 sh

Holdings current value

$20.89M

Avg closing price

$655.22

+21.5%

Last action

Added 5.3%

2025Q1

Current $796.15

CSCOCISCO SYS INC

Technology·Communication Equipment

0.18%

of portfolio

Number of shares

342,000 sh

Holdings current value

$20.25M

Avg closing price

$31.46

+174.2%

Last action

Added 1.8%

2025Q3

Current $86.25

UNPUNION PAC CORP

Industrials·Railroads

0.17%

of portfolio

Number of shares

85,778 sh

Holdings current value

$19.56M

Avg closing price

$141.70

+77.2%

Last action

Added 20.3%

2025Q4

Current $251.14

APDAIR PRODS & CHEMS INC

Basic Materials·Specialty Chemicals

0.16%

of portfolio

Number of shares

64,500 sh

Holdings current value

$18.71M

Avg closing price

$267.36

+9.1%

Last action

Added 11.2%

2025Q4

Current $291.81

EFXEQUIFAX INC

Industrials·Consulting Services

0.16%

of portfolio

Number of shares

72,850 sh

Holdings current value

$18.57M

Avg closing price

$156.66

+25.3%

Last action

Trimmed 25.5%

2024Q3

Current $196.22

CABOCABLE ONE INC

Communication Services·Telecom Services

0.16%

of portfolio

Number of shares

50,900 sh

Holdings current value

$18.43M

Avg closing price

$614.85

-82.5%

Last action

Exited

2025Q2

Current $107.52

FERGFERGUSON ENTERPRISES INC

Industrials·Industrial Distribution

0.16%

of portfolio

Number of shares

106,000 sh

Holdings current value

$18.40M

Avg closing price

$197.06

+32.2%

Last action

Added 18.4%

2025Q4

Current $260.49

BF/BBROWN FORMAN CORP

0.16%

of portfolio

Number of shares

474,187 sh

Holdings current value

$18.01M

Avg closing price

$62.65

Last action

New holding

2022Q2

Current —

TGTTARGET CORP

Consumer Defensive·Discount Stores

0.16%

of portfolio

Number of shares

133,000 sh

Holdings current value

$17.98M

Avg closing price

$141.27

-9.5%

Last action

Added 9.9%

2024Q1

Current $127.84

G7496G103RENAISSANCERE HLDGS LTD

0.15%

of portfolio

Number of shares

70,000 sh

Holdings current value

$17.42M

Avg closing price

$197.04

Last action

Added 15.7%

2024Q1

Current —

HCAHCA HEALTHCARE INC

Healthcare·Medical Care Facilities

0.15%

of portfolio

Number of shares

56,580 sh

Holdings current value

$16.98M

Avg closing price

$351.23

+38.9%

Last action

Added 10.7%

2025Q4

Current $488.00

CHHCHOICE HOTELS INTL INC

Consumer Cyclical·Lodging

0.14%

of portfolio

Number of shares

115,500 sh

Holdings current value

$16.40M

Avg closing price

$118.65

+0.5%

Last action

Added 4.5%

2024Q3

Current $119.19

COFCAPITAL ONE FINL CORP

Financial Services·Credit Services

0.14%

of portfolio

Number of shares

91,000 sh

Holdings current value

$16.23M

Avg closing price

$98.96

+108.6%

Last action

Added 1.1%

2023Q4

Current $206.47

CARRCARRIER GLOBAL CORPORATION

Industrials·Building Products & Equipment

0.14%

of portfolio

Number of shares

235,000 sh

Holdings current value

$16.04M

Avg closing price

$23.29

+163.3%

Last action

New holding

2022Q2

Current $61.32

CCKCROWN HLDGS INC

Consumer Cyclical·Packaging & Containers

0.14%

of portfolio

Number of shares

189,500 sh

Holdings current value

$15.67M

Avg closing price

$71.94

+48.9%

Last action

Added 13.5%

2025Q4

Current $107.15

ABNBAIRBNB INC

Consumer Cyclical·Travel Services

0.13%

of portfolio

Number of shares

115,310 sh

Holdings current value

$15.15M

Avg closing price

$127.35

+11.1%

Last action

Added 12.9%

2025Q4

Current $141.55

LAMRLAMAR ADVERTISING CO NEWREIT

Real Estate·REIT - Specialty

0.13%

of portfolio

Number of shares

124,000 sh

Holdings current value

$15.10M

Avg closing price

$111.60

+21.0%

Last action

Added 13.8%

2025Q4

Current $135.04

PEPPEPSICO INC

Consumer Defensive·Beverages - Non-Alcoholic

0.13%

of portfolio

Number of shares

96,210 sh

Holdings current value

$14.63M

Avg closing price

$102.93

+53.2%

Last action

New holding

2022Q2

Current $157.67

WFCWELLS FARGO CO NEW

Financial Services·Banks - Diversified

0.13%

of portfolio

Number of shares

204,450 sh

Holdings current value

$14.36M

Avg closing price

$48.70

+67.2%

Last action

Added 2.0%

2022Q4

Current $81.41

SEICSEI INVTS CO

Financial Services·Asset Management

0.13%

of portfolio

Number of shares

173,200 sh

Holdings current value

$14.29M

Avg closing price

$49.17

+62.3%

Last action

Trimmed 70.6%

2023Q2

Current $79.79

PMPHILIP MORRIS INTL INC

Consumer Defensive·Tobacco

0.12%

of portfolio

Number of shares

114,500 sh

Holdings current value

$13.78M

Avg closing price

$98.11

+60.8%

Last action

New holding

2022Q2

Current $157.79

UNHUNITEDHEALTH GROUP INC

Healthcare·Healthcare Plans

0.12%

of portfolio

Number of shares

26,714 sh

Holdings current value

$13.51M

Avg closing price

$451.51

-28.1%

Last action

Trimmed 5.4%

2025Q2

Current $324.63

MARMARRIOTT INTL INC NEW

Consumer Cyclical·Lodging

0.12%

of portfolio

Number of shares

47,000 sh

Holdings current value

$13.11M

Avg closing price

$248.60

+52.0%

Last action

Added 54.1%

2025Q4

Current $377.93

HXLHEXCEL CORP NEW

Industrials·Aerospace & Defense

0.10%

of portfolio

Number of shares

189,000 sh

Holdings current value

$11.85M

Avg closing price

$62.54

+41.9%

Last action

New holding

2022Q2

Current $88.76

100

GPKGRAPHIC PACKAGING HLDG CO

Consumer Cyclical·Packaging & Containers

0.10%

of portfolio

Number of shares

427,225 sh

Holdings current value

$11.60M

Avg closing price

$27.05

-63.6%

Last action

Exited

2025Q3

Current $9.84

101

SPOTSPOTIFY TECHNOLOGY S A

Communication Services·Internet Content & Information

0.10%

of portfolio

Number of shares

25,900 sh

Holdings current value

$11.59M

Avg closing price

$98.72

+443.6%

Last action

New holding

2022Q2

Current $536.61

102

IQVIQVIA HLDGS INC

Healthcare·Diagnostics & Research

0.10%

of portfolio

Number of shares

58,726 sh

Holdings current value

$11.54M

Avg closing price

$215.11

-18.0%

Last action

Trimmed 4.5%

2025Q3

Current $176.46

103

KMXCARMAX INC

Consumer Cyclical·Auto & Truck Dealerships

0.10%

of portfolio

Number of shares

136,500 sh

Holdings current value

$11.16M

Avg closing price

$68.91

-40.7%

Last action

Added 10.5%

2024Q2

Current $40.88

104

SMGSCOTTS MIRACLE-GRO CO

Basic Materials·Agricultural Inputs

0.10%

of portfolio

Number of shares

168,000 sh

Holdings current value

$11.15M

Avg closing price

$57.12

+15.6%

Last action

Added 7.7%

2024Q1

Current $66.04

105

SHOPSHOPIFY INC

Technology·Software - Application

0.10%

of portfolio

Number of shares

102,750 sh

Holdings current value

$10.93M

Avg closing price

$30.31

+332.6%

Last action

Added 10.8%

2022Q4

Current $131.15

106

OTISOTIS WORLDWIDE CORP

Industrials·Specialty Industrial Machinery

0.09%

of portfolio

Number of shares

114,620 sh

Holdings current value

$10.61M

Avg closing price

$57.20

+42.4%

Last action

New holding

2022Q2

Current $81.43

107

NSPINSPERITY INC

Industrials·Staffing & Employment Services

0.09%

of portfolio

Number of shares

131,728 sh

Holdings current value

$10.21M

Avg closing price

$80.10

-63.9%

Last action

Added 19.1%

2025Q4

Current $28.90

108

TRUTRANSUNION

Financial Services·Financial Data & Stock Exchanges

0.08%

of portfolio

Number of shares

101,050 sh

Holdings current value

$9.37M

Avg closing price

$71.90

+8.8%

Last action

Trimmed 49.5%

2025Q4

Current $78.25

109

BKBANK NEW YORK MELLON CORP

Financial Services·Banks - Diversified

0.08%

of portfolio

Number of shares

121,500 sh

Holdings current value

$9.33M

Avg closing price

$42.51

+217.8%

Last action

Trimmed 66.7%

2023Q4

Current $135.10

110

OIO-I GLASS INC

Consumer Cyclical·Packaging & Containers

0.08%

of portfolio

Number of shares

824,100 sh

Holdings current value

$8.93M

Avg closing price

$13.03

-16.4%

Last action

Exited

2025Q3

Current $10.89

111

HSYHERSHEY CO

Consumer Defensive·Confectioners

0.07%

of portfolio

Number of shares

45,000 sh

Holdings current value

$7.62M

Avg closing price

$169.50

+13.6%

Last action

Added 40.6%

2025Q4

Current $192.63

112

SONYSONY GROUP CORPORATIONADR

Technology·Consumer Electronics

0.06%

of portfolio

Number of shares

335,000 sh

Holdings current value

$7.09M

Avg closing price

$32.40

-33.0%

Last action

Added 400.0%

2024Q4

Current $21.70

113

EMNEASTMAN CHEM CO

Basic Materials·Specialty Chemicals

0.06%

of portfolio

Number of shares

74,950 sh

Holdings current value

$6.84M

Avg closing price

$82.79

-10.9%

Last action

Added 2.7%

2023Q4

Current $73.78

114

UBERUBER TECHNOLOGIES INC

Technology·Software - Application

0.06%

of portfolio

Number of shares

109,000 sh

Holdings current value

$6.57M

Avg closing price

$66.78

+15.5%

Last action

Added 17.8%

2025Q4

Current $77.12

115

CECELANESE CORP DEL

Basic Materials·Chemicals

0.05%

of portfolio

Number of shares

81,300 sh

Holdings current value

$5.63M

Avg closing price

$107.69

-42.4%

Last action

Exited

2025Q3

Current $62.03

116

FIXCOMFORT SYS USA INC

Industrials·Engineering & Construction

0.05%

of portfolio

Number of shares

13,000 sh

Holdings current value

$5.51M

Avg closing price

$309.09

+434.0%

Last action

Added 1200.0%

2024Q1

Current $1650

117

GHCGRAHAM HLDGS CO

Consumer Defensive·Education & Training Services

0.04%

of portfolio

Number of shares

5,200 sh

Holdings current value

$4.53M

Avg closing price

$480.00

+140.2%

Last action

New holding

2022Q2

Current $1153

118

WRBBERKLEY W R CORP

Financial Services·Insurance - Property & Casualty

0.03%

of portfolio

Number of shares

60,750 sh

Holdings current value

$3.56M

Avg closing price

$63.93

+4.5%

Last action

Added 50.0%

2024Q3

Current $66.83

119

BALLBALL CORP

Consumer Cyclical·Packaging & Containers

0.02%

of portfolio

Number of shares

51,000 sh

Holdings current value

$2.81M

Avg closing price

$68.07

-5.3%

Last action

Exited

2025Q3

Current $64.48

120

ITGARTNER INC

Technology·Information Technology Services

0.02%

of portfolio

Number of shares

5,700 sh

Holdings current value

$2.76M

Avg closing price

$270.94

-42.9%

Last action

Exited

2025Q3

Current $154.62

121

G96629103WILLIS TOWERS WATSON PLC LTD

0.02%

of portfolio

Number of shares

8,627 sh

Holdings current value

$2.70M

Avg closing price

$207.62

Last action

Exited

2025Q3

Current —

122

DPZDOMINOS PIZZA INC

Consumer Cyclical·Restaurants

0.02%

of portfolio

Number of shares

5,500 sh

Holdings current value

$2.31M

Avg closing price

$428.25

-13.1%

Last action

Added 22.2%

2024Q4

Current $372.06

123

INTUINTUIT

Technology·Software - Application

0.02%

of portfolio

Number of shares

2,720 sh

Holdings current value

$1.71M

Avg closing price

$501.10

-21.5%

Last action

Exited

2025Q3

Current $393.25

124

MGMMGM RESORTS INTERNATIONAL

Consumer Cyclical·Resorts & Casinos

0.01%

of portfolio

Number of shares

40,000 sh

Holdings current value

$1.39M

Avg closing price

$32.04

+20.4%

Last action

Added 5.3%

2025Q2

Current $38.59

125

CSGPCOSTAR GROUP INC

Real Estate·Real Estate Services

0.01%

of portfolio

Number of shares

18,600 sh

Holdings current value

$1.33M

Avg closing price

$60.38

-34.2%

Last action

Exited

2025Q3

Current $39.72

126

ELLAUDER ESTEE COS INC

Consumer Defensive·Household & Personal Products

0.01%

of portfolio

Number of shares

15,000 sh

Holdings current value

$1.12M

Avg closing price

$98.04

-22.3%

Last action

Exited

2025Q3

Current $76.20

127

BCBRUNSWICK CORP

Consumer Cyclical·Recreational Vehicles

0.01%

of portfolio

Number of shares

15,000 sh

Holdings current value

$970.2K

Avg closing price

$69.74

+16.5%

Last action

Added 1900.0%

2025Q4

Current $81.23

128

AYIACUITY BRANDS INC

Industrials·Electrical Equipment & Parts

0.01%

of portfolio

Number of shares

3,000 sh

Holdings current value

$876.4K

Avg closing price

$272.21

+7.5%

Last action

Added

2025Q1

Current $292.63

129

ICEINTERCONTINENTAL EXCHANGE IN

Financial Services·Financial Data & Stock Exchanges

0.01%

of portfolio

Number of shares

5,120 sh

Holdings current value

$762.9K

Avg closing price

$147.05

+9.7%

Last action

Added

2025Q4

Current $161.24

130

HIIHUNTINGTON INGALLS INDS INC

Industrials·Aerospace & Defense

0.01%

of portfolio

Number of shares

4,000 sh

Holdings current value

$755.9K

Avg closing price

$232.02

+70.2%

Last action

Added

2025Q4

Current $394.81

131

CMECME GROUP INC

Financial Services·Financial Data & Stock Exchanges

0.01%

of portfolio

Number of shares

3,000 sh

Holdings current value

$696.7K

Avg closing price

$260.54

+10.4%

Last action

Added

2025Q4

Current $287.65

132

BUDANHEUSER BUSCH INBEV SA/NVADR

Consumer Defensive·Beverages - Brewers

0.00%

of portfolio

Number of shares

11,000 sh

Holdings current value

$550.8K

Avg closing price

$86.68

-12.6%

Last action

Exited

2025Q3

Current $75.76

Portfolio heatmap

Box size = % of portfolio · color = return since filing

Sector exposure

Share of dollar value across the latest reported portfolio. Unclassified positions excluded.

Financial Services34 pos$3.72B38.9%
Industrials24 pos$1.43B14.9%
Consumer Cyclical19 pos$1.36B14.2%
Communication Services7 pos$1.08B11.3%
Technology11 pos$980.5M10.2%
Consumer Defensive12 pos$453.6M4.7%
Healthcare6 pos$336.7M3.5%
Basic Materials7 pos$195.4M2.0%
Real Estate2 pos$16.4M0.2%

(15.6% unclassified, excluded from %)