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 14.3% 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+14.3%3Y+67.9%5Y+37.2%Full performance →

Quarter

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

Holdings

Sorted by value · 2025Q3

Sector129 positions

BRK.ABERKSHIRE HATHAWAY INC DEL

6.82%

of portfolio

Number of shares

1,114 sh

Holdings current value

$840.18M

Avg closing price

$215657

Last action

New holding

2022Q2

Current —

BRK.BBERKSHIRE HATHAWAY INC DEL

6.25%

of portfolio

Number of shares

1,531,971 sh

Holdings current value

$770.18M

Avg closing price

$142.65

Last action

New holding

2022Q2

Current —

GOOGALPHABET INC

Communication Services·Internet Content & Information

5.44%

of portfolio

Number of shares

2,749,860 sh

Holdings current value

$669.73M

Avg closing price

$45.22

+635.9%

Last action

Added 1900.0%

2022Q3

Current $332.77

BNBROOKFIELD CORP

Financial Services·Asset Management

4.85%

of portfolio

Number of shares

8,715,741 sh

Holdings current value

$597.73M

Avg closing price

$36.27

+26.7%

Last action

Added 100.0%

2025Q4

Current $45.95

AMZNAMAZON COM INC

Consumer Cyclical·Internet Retail

3.62%

of portfolio

Number of shares

2,030,760 sh

Holdings current value

$445.89M

Avg closing price

$149.14

+67.4%

Last action

Added 0.3%

2023Q4

Current $249.70

DEDEERE & CO

Industrials·Farm & Heavy Construction Machinery

3.26%

of portfolio

Number of shares

877,900 sh

Holdings current value

$401.43M

Avg closing price

$122.39

+377.3%

Last action

Added 0.0%

2025Q2

Current $584.19

HDHOME DEPOT INC

Consumer Cyclical·Home Improvement Retail

3.03%

of portfolio

Number of shares

920,000 sh

Holdings current value

$372.77M

Avg closing price

$133.43

Last action

New holding

2022Q2

Current —

VVISA INC

Financial Services·Credit Services

2.77%

of portfolio

Number of shares

999,285 sh

Holdings current value

$341.14M

Avg closing price

$87.28

+261.0%

Last action

Added 1.0%

2023Q3

Current $315.10

AAPLAPPLE INC

Technology·Consumer Electronics

2.54%

of portfolio

Number of shares

1,227,290 sh

Holdings current value

$312.50M

Avg closing price

$129.19

+109.2%

Last action

Added 0.0%

2024Q2

Current $270.23

ADIANALOG DEVICES INC

Technology·Semiconductors

2.33%

of portfolio

Number of shares

1,167,671 sh

Holdings current value

$286.90M

Avg closing price

$101.28

+249.3%

Last action

Trimmed 11.0%

2025Q4

Current $353.80

GSGOLDMAN SACHS GROUP INC

Financial Services·Capital Markets

2.32%

of portfolio

Number of shares

359,360 sh

Holdings current value

$286.18M

Avg closing price

$203.20

+342.9%

Last action

Added 0.6%

2022Q4

Current $900.00

MSFTMICROSOFT CORP

Technology·Software - Infrastructure

2.24%

of portfolio

Number of shares

532,080 sh

Holdings current value

$275.59M

Avg closing price

$115.47

+266.1%

Last action

Added 0.7%

2025Q4

Current $422.79

BLKBLACKROCK INC

Financial Services·Asset Management

2.08%

of portfolio

Number of shares

220,200 sh

Holdings current value

$256.72M

Avg closing price

$1025

-0.0%

Last action

New holding

2024Q4

Current $1025

DISDISNEY WALT CO

Communication Services·Entertainment

1.89%

of portfolio

Number of shares

2,031,665 sh

Holdings current value

$232.63M

Avg closing price

$99.24

Last action

Added 0.1%

2023Q4

Current —

WSOWATSCO INC

Industrials·Industrial Distribution

1.85%

of portfolio

Number of shares

565,169 sh

Holdings current value

$228.50M

Avg closing price

$201.03

Last action

Added 2.3%

2025Q4

Current —

BXBLACKSTONE INC

Financial Services·Asset Management

1.70%

of portfolio

Number of shares

1,229,000 sh

Holdings current value

$209.97M

Avg closing price

$48.92

+161.9%

Last action

New holding

2022Q2

Current $128.13

METAMETA PLATFORMS INC

Communication Services·Internet Content & Information

1.67%

of portfolio

Number of shares

280,281 sh

Holdings current value

$205.83M

Avg closing price

$176.20

+284.1%

Last action

Trimmed 10.2%

2025Q4

Current $676.87

KKRKKR & CO INC

Financial Services·Asset Management

1.53%

of portfolio

Number of shares

1,451,800 sh

Holdings current value

$188.66M

Avg closing price

$28.28

+260.7%

Last action

Added 0.2%

2023Q3

Current $102.02

PGRPROGRESSIVE CORP

Financial Services·Insurance - Property & Casualty

1.51%

of portfolio

Number of shares

753,750 sh

Holdings current value

$186.14M

Avg closing price

$71.90

+183.0%

Last action

New holding

2022Q2

Current $203.47

LPLALPL FINL HLDGS INC

Financial Services·Capital Markets

1.49%

of portfolio

Number of shares

553,321 sh

Holdings current value

$184.08M

Avg closing price

$240.60

+29.9%

Last action

Added 1.2%

2025Q4

Current $312.57

LOWLOWES COS INC

Consumer Cyclical·Home Improvement Retail

1.48%

of portfolio

Number of shares

726,730 sh

Holdings current value

$182.63M

Avg closing price

$105.14

Last action

Added 1.1%

2025Q4

Current —

AXPAMERICAN EXPRESS CO

Financial Services·Credit Services

1.31%

of portfolio

Number of shares

484,250 sh

Holdings current value

$160.85M

Avg closing price

$76.00

+328.6%

Last action

Added 0.9%

2025Q4

Current $325.76

CATCATERPILLAR INC

Industrials·Farm & Heavy Construction Machinery

1.27%

of portfolio

Number of shares

328,650 sh

Holdings current value

$156.82M

Avg closing price

$109.71

+604.3%

Last action

Added 0.2%

2025Q2

Current $772.66

RLIRLI CORP

Financial Services·Insurance - Property & Casualty

1.27%

of portfolio

Number of shares

2,394,544 sh

Holdings current value

$156.17M

Avg closing price

$73.60

Last action

Added 100.0%

2025Q1

Current —

MRSHMARSH & MCLENNAN COS INC

Financial Services·Insurance Brokers

1.23%

of portfolio

Number of shares

755,000 sh

Holdings current value

$152.16M

Avg closing price

$86.87

+110.2%

Last action

Added 0.9%

2025Q4

Current $182.57

GOOGLALPHABET INC

Communication Services·Internet Content & Information

1.13%

of portfolio

Number of shares

572,000 sh

Holdings current value

$139.05M

Avg closing price

$73.96

+354.3%

Last action

Added 2.7%

2025Q2

Current $336.02

FNVFRANCO NEV CORP

Basic Materials·Gold

1.10%

of portfolio

Number of shares

605,500 sh

Holdings current value

$134.97M

Avg closing price

$140.14

Last action

Added 14.8%

2025Q4

Current —

APOAPOLLO GLOBAL MGMT INC

Financial Services·Asset Management

1.10%

of portfolio

Number of shares

1,012,500 sh

Holdings current value

$134.94M

Avg closing price

$48.48

Last action

New holding

2022Q2

Current —

GDGENERAL DYNAMICS CORP

Industrials·Aerospace & Defense

1.08%

of portfolio

Number of shares

391,000 sh

Holdings current value

$133.33M

Avg closing price

$132.29

+153.2%

Last action

New holding

2022Q2

Current $334.92

TXNTEXAS INSTRS INC

Technology·Semiconductors

1.08%

of portfolio

Number of shares

724,000 sh

Holdings current value

$133.02M

Avg closing price

$80.83

Last action

New holding

2022Q2

Current —

NVONOVO-NORDISK A SADR

Healthcare·Drug Manufacturers - General

1.07%

of portfolio

Number of shares

2,368,649 sh

Holdings current value

$131.44M

Avg closing price

$67.99

-39.8%

Last action

Added 26.8%

2025Q4

Current $40.93

DEODIAGEO PLCADR

Consumer Defensive·Beverages - Wineries & Distilleries

1.06%

of portfolio

Number of shares

1,366,708 sh

Holdings current value

$130.42M

Avg closing price

$108.47

-26.2%

Last action

Added 0.4%

2025Q4

Current $80.04

SCHWSCHWAB CHARLES CORP

Financial Services·Capital Markets

1.06%

of portfolio

Number of shares

1,364,800 sh

Holdings current value

$130.30M

Avg closing price

$35.63

+159.9%

Last action

Added 0.8%

2025Q4

Current $92.62

BAMBROOKFIELD ASSET MANAGMT LTD

Financial Services·Asset Management

1.01%

of portfolio

Number of shares

2,193,953 sh

Holdings current value

$124.92M

Avg closing price

$28.67

Last action

Trimmed 0.0%

2023Q2

Current —

MAMASTERCARD INCORPORATED

Financial Services·Credit Services

0.96%

of portfolio

Number of shares

207,540 sh

Holdings current value

$118.05M

Avg closing price

$119.68

+333.3%

Last action

New holding

2022Q2

Current $518.54

JNJJOHNSON & JOHNSON

Healthcare·Drug Manufacturers - General

0.92%

of portfolio

Number of shares

610,800 sh

Holdings current value

$113.25M

Avg closing price

$108.20

+116.8%

Last action

New holding

2022Q2

Current $234.54

MCOMOODYS CORP

Financial Services·Financial Data & Stock Exchanges

0.83%

of portfolio

Number of shares

213,890 sh

Holdings current value

$101.91M

Avg closing price

$104.30

Last action

Added 0.2%

2022Q4

Current —

HEI/AHEICO CORP NEW

0.78%

of portfolio

Number of shares

379,644 sh

Holdings current value

$96.46M

Avg closing price

$76.32

Last action

Added 2.4%

2023Q2

Current —

NVRNVR INC

Consumer Cyclical·Residential Construction

0.78%

of portfolio

Number of shares

11,897 sh

Holdings current value

$95.59M

Avg closing price

$3847

Last action

Added 0.9%

2025Q4

Current —

G54950103LINDE PLC

0.74%

of portfolio

Number of shares

192,850 sh

Holdings current value

$91.60M

Avg closing price

$394.36

Last action

Added 3.9%

2025Q4

Current —

ADMARCHER DANIELS MIDLAND CO

Consumer Defensive·Farm Products

0.73%

of portfolio

Number of shares

1,505,800 sh

Holdings current value

$89.96M

Avg closing price

$37.34

Last action

Trimmed 4.3%

2025Q3

Current —

DGDOLLAR GEN CORP NEW

Consumer Defensive·Discount Stores

0.73%

of portfolio

Number of shares

869,250 sh

Holdings current value

$89.84M

Avg closing price

$156.55

-21.1%

Last action

Added 4.0%

2025Q1

Current $123.47

ROLROLLINS INC

Consumer Cyclical·Personal Services

0.70%

of portfolio

Number of shares

1,475,775 sh

Holdings current value

$86.69M

Avg closing price

$36.98

+47.3%

Last action

Added 0.9%

2025Q4

Current $54.49

ITWILLINOIS TOOL WKS INC

Industrials·Specialty Industrial Machinery

0.69%

of portfolio

Number of shares

327,500 sh

Holdings current value

$85.40M

Avg closing price

$120.12

+121.1%

Last action

New holding

2022Q2

Current $265.61

CGCARLYLE GROUP INC

Financial Services·Asset Management

0.68%

of portfolio

Number of shares

1,327,000 sh

Holdings current value

$83.20M

Avg closing price

$20.90

Last action

Added 1.5%

2022Q4

Current —

MSCIMSCI INC

Financial Services·Financial Data & Stock Exchanges

0.66%

of portfolio

Number of shares

142,850 sh

Holdings current value

$81.05M

Avg closing price

$86.63

+552.1%

Last action

Added 0.3%

2022Q4

Current $564.90

JPMJPMORGAN CHASE & CO

Financial Services·Banks - Diversified

0.65%

of portfolio

Number of shares

252,550 sh

Holdings current value

$79.66M

Avg closing price

$80.60

Last action

Added 4.6%

2023Q4

Current —

NOCNORFOLK SOUTHN CORP

Industrials·Railroads

0.63%

of portfolio

Number of shares

256,500 sh

Holdings current value

$77.06M

Avg closing price

$116.47

+477.6%

Last action

Added 7.1%

2025Q4

Current $672.77

ECLECOLAB INC

Basic Materials·Specialty Chemicals

0.61%

of portfolio

Number of shares

274,300 sh

Holdings current value

$75.12M

Avg closing price

$128.50

+109.5%

Last action

New holding

2022Q2

Current $269.23

SPGIS&P GLOBAL INC

Financial Services·Financial Data & Stock Exchanges

0.60%

of portfolio

Number of shares

150,690 sh

Holdings current value

$73.34M

Avg closing price

$112.00

+290.0%

Last action

Added 0.3%

2022Q4

Current $436.79

ITICINVESTORS TITLE CO NC

Financial Services·Insurance - Specialty

0.46%

of portfolio

Number of shares

213,300 sh

Holdings current value

$57.13M

Avg closing price

$91.07

Last action

New holding

2022Q2

Current —

ROKROCKWELL AUTOMATION INC

Industrials·Specialty Industrial Machinery

0.44%

of portfolio

Number of shares

154,900 sh

Holdings current value

$54.14M

Avg closing price

$144.80

+178.2%

Last action

New holding

2022Q2

Current $402.81

SBUXSTARBUCKS CORP

Consumer Cyclical·Restaurants

0.43%

of portfolio

Number of shares

623,818 sh

Holdings current value

$52.78M

Avg closing price

$64.81

+51.8%

Last action

Added 1.1%

2025Q1

Current $98.36

THGHANOVER INS GROUP INC

Financial Services·Insurance - Property & Casualty

0.41%

of portfolio

Number of shares

281,000 sh

Holdings current value

$51.04M

Avg closing price

$122.86

+45.2%

Last action

Added 0.4%

2025Q2

Current $178.35

ODFLOLD DOMINION FREIGHT LINE IN

Industrials·Trucking

0.41%

of portfolio

Number of shares

358,750 sh

Holdings current value

$50.50M

Avg closing price

$209.27

+2.1%

Last action

Added 21.3%

2025Q4

Current $213.57

FDXFEDEX CORP

Industrials·Integrated Freight & Logistics

0.41%

of portfolio

Number of shares

213,000 sh

Holdings current value

$50.23M

Avg closing price

$225.78

+68.7%

Last action

Exited

2025Q4

Current $380.88

G0403H108AON PLC

0.38%

of portfolio

Number of shares

129,800 sh

Holdings current value

$46.28M

Avg closing price

$269.42

Last action

Added 3.4%

2025Q4

Current —

TSNTYSON FOODS INC

Consumer Defensive·Farm Products

0.37%

of portfolio

Number of shares

848,500 sh

Holdings current value

$46.07M

Avg closing price

$61.20

+4.6%

Last action

Added 4.4%

2025Q4

Current $63.99

G1151C101ACCENTURE PLC IRELAND

0.32%

of portfolio

Number of shares

159,400 sh

Holdings current value

$39.31M

Avg closing price

$116.68

Last action

New holding

2022Q2

Current —

VRSKVERISK ANALYTICS INC

Industrials·Consulting Services

0.32%

of portfolio

Number of shares

155,950 sh

Holdings current value

$39.22M

Avg closing price

$150.12

+18.8%

Last action

Added 7.6%

2024Q4

Current $178.31

RTXRAYTHEON TECHNOLOGIES CORP

Industrials·Aerospace & Defense

0.30%

of portfolio

Number of shares

224,000 sh

Holdings current value

$37.48M

Avg closing price

$61.62

Last action

New holding

2024Q4

Current —

HGTYHAGERTY INC

Financial Services·Insurance - Property & Casualty

0.30%

of portfolio

Number of shares

3,108,000 sh

Holdings current value

$37.45M

Avg closing price

$9.37

Last action

Added 3.6%

2024Q4

Current —

COSTCOSTCO WHSL CORP NEW

Consumer Defensive·Discount Stores

0.29%

of portfolio

Number of shares

39,150 sh

Holdings current value

$36.24M

Avg closing price

$158.00

+524.8%

Last action

New holding

2022Q2

Current $987.21

YUMYUM BRANDS INC

Consumer Cyclical·Restaurants

0.28%

of portfolio

Number of shares

226,451 sh

Holdings current value

$34.42M

Avg closing price

$137.77

Last action

Added 0.4%

2025Q2

Current —

FDSFACTSET RESH SYS INC

Financial Services·Financial Data & Stock Exchanges

0.27%

of portfolio

Number of shares

116,720 sh

Holdings current value

$33.44M

Avg closing price

$158.07

+46.7%

Last action

Added 4.6%

2025Q4

Current $231.85

ALLALLSTATE CORP

Financial Services·Insurance - Property & Casualty

0.27%

of portfolio

Number of shares

154,550 sh

Holdings current value

$33.17M

Avg closing price

$116.93

+82.9%

Last action

Added 9.2%

2023Q4

Current $213.87

FERGFERGUSON ENTERPRISES INC

Industrials·Industrial Distribution

0.27%

of portfolio

Number of shares

147,000 sh

Holdings current value

$33.01M

Avg closing price

$197.06

+30.4%

Last action

Added 12.6%

2025Q4

Current $257.05

SHWSHERWIN WILLIAMS CO

Basic Materials·Specialty Chemicals

0.26%

of portfolio

Number of shares

94,172 sh

Holdings current value

$32.61M

Avg closing price

$321.50

+3.7%

Last action

New holding

2022Q2

Current $333.34

TROWPRICE T ROWE GROUP INC

Financial Services·Asset Management

0.26%

of portfolio

Number of shares

314,000 sh

Holdings current value

$32.23M

Avg closing price

$73.37

+30.5%

Last action

New holding

2022Q2

Current $95.75

HCAHCA HEALTHCARE INC

Healthcare·Medical Care Facilities

0.26%

of portfolio

Number of shares

75,213 sh

Holdings current value

$32.06M

Avg closing price

$351.23

+37.5%

Last action

Added 7.8%

2025Q4

Current $482.97

NKENIKE INC

Consumer Cyclical·Footwear & Accessories

0.25%

of portfolio

Number of shares

447,400 sh

Holdings current value

$31.20M

Avg closing price

$64.78

-29.5%

Last action

Added 0.4%

2025Q2

Current $45.70

LMTLOCKHEED MARTIN CORP

Industrials·Aerospace & Defense

0.25%

of portfolio

Number of shares

62,263 sh

Holdings current value

$31.08M

Avg closing price

$465.09

+30.6%

Last action

Added 3.7%

2025Q4

Current $607.49

CMCSACOMCAST CORP NEW

Communication Services·Telecom Services

0.25%

of portfolio

Number of shares

961,880 sh

Holdings current value

$30.22M

Avg closing price

$36.82

-20.3%

Last action

Trimmed 11.0%

2024Q4

Current $29.35

UNPUNION PAC CORP

Industrials·Railroads

0.24%

of portfolio

Number of shares

126,778 sh

Holdings current value

$29.97M

Avg closing price

$141.70

+77.2%

Last action

Added 12.9%

2025Q4

Current $251.07

URIUNITED RENTALS INC

Industrials·Rental & Leasing Services

0.24%

of portfolio

Number of shares

31,150 sh

Holdings current value

$29.74M

Avg closing price

$655.22

Last action

Added 5.1%

2025Q1

Current —

ABNBAIRBNB INC

Consumer Cyclical·Travel Services

0.22%

of portfolio

Number of shares

227,133 sh

Holdings current value

$27.58M

Avg closing price

$127.35

+8.2%

Last action

Added 6.1%

2025Q4

Current $137.81

TMOTHERMO FISHER SCIENTIFIC INC

Healthcare·Diagnostics & Research

0.22%

of portfolio

Number of shares

55,800 sh

Holdings current value

$27.06M

Avg closing price

$522.02

-1.2%

Last action

Added 14.3%

2025Q4

Current $516.00

CSCOCISCO SYS INC

Technology·Communication Equipment

0.20%

of portfolio

Number of shares

355,500 sh

Holdings current value

$24.32M

Avg closing price

$31.46

+168.6%

Last action

Added 1.7%

2025Q3

Current $84.50

BF/ABROWN FORMAN CORP

0.18%

of portfolio

Number of shares

843,000 sh

Holdings current value

$22.69M

Avg closing price

$78.22

Last action

New holding

2022Q2

Current —

LAMRLAMAR ADVERTISING CO NEWREIT

Real Estate·REIT - Specialty

0.17%

of portfolio

Number of shares

170,000 sh

Holdings current value

$20.81M

Avg closing price

$111.60

Last action

Added 9.7%

2025Q4

Current —

COFCAPITAL ONE FINL CORP

Financial Services·Credit Services

0.16%

of portfolio

Number of shares

91,000 sh

Holdings current value

$19.34M

Avg closing price

$98.96

+102.8%

Last action

Added 1.1%

2023Q4

Current $200.71

MARMARRIOTT INTL INC NEW

Consumer Cyclical·Lodging

0.15%

of portfolio

Number of shares

73,250 sh

Holdings current value

$19.08M

Avg closing price

$248.60

+45.8%

Last action

Added 29.1%

2025Q4

Current $362.42

PAYXPAYCHEX INC

Technology·Software - Application

0.15%

of portfolio

Number of shares

150,000 sh

Holdings current value

$19.01M

Avg closing price

$54.01

Last action

New holding

2022Q2

Current —

EFXEQUIFAX INC

Industrials·Consulting Services

0.15%

of portfolio

Number of shares

72,850 sh

Holdings current value

$18.69M

Avg closing price

$154.39

+23.3%

Last action

Trimmed 25.5%

2024Q3

Current $190.38

PMPHILIP MORRIS INTL INC

Consumer Defensive·Tobacco

0.15%

of portfolio

Number of shares

114,500 sh

Holdings current value

$18.57M

Avg closing price

$98.11

+59.2%

Last action

New holding

2022Q2

Current $156.24

CCKCROWN HLDGS INC

Consumer Cyclical·Packaging & Containers

0.15%

of portfolio

Number of shares

189,500 sh

Holdings current value

$18.30M

Avg closing price

$70.03

+48.9%

Last action

Added 13.5%

2025Q4

Current $104.28

SPOTSPOTIFY TECHNOLOGY S A

Communication Services·Internet Content & Information

0.15%

of portfolio

Number of shares

25,900 sh

Holdings current value

$18.08M

Avg closing price

$98.72

+438.3%

Last action

New holding

2022Q2

Current $531.45

G7496G103RENAISSANCERE HLDGS LTD

0.14%

of portfolio

Number of shares

70,000 sh

Holdings current value

$17.78M

Avg closing price

$193.03

Last action

Added 15.7%

2024Q1

Current —

APDAIR PRODS & CHEMS INC

Basic Materials·Specialty Chemicals

0.14%

of portfolio

Number of shares

65,000 sh

Holdings current value

$17.73M

Avg closing price

$267.36

+11.2%

Last action

Added 11.1%

2025Q4

Current $297.24

WFCWELLS FARGO CO NEW

Financial Services·Banks - Diversified

0.14%

of portfolio

Number of shares

204,450 sh

Holdings current value

$17.14M

Avg closing price

$47.72

+70.3%

Last action

Added 2.0%

2022Q4

Current $81.25

SHOPSHOPIFY INC

Technology·Software - Application

0.12%

of portfolio

Number of shares

102,750 sh

Holdings current value

$15.27M

Avg closing price

$22.39

+466.9%

Last action

Added 10.8%

2022Q4

Current $126.94

SEICSEI INVTS CO

Financial Services·Asset Management

0.12%

of portfolio

Number of shares

173,200 sh

Holdings current value

$14.70M

Avg closing price

$49.17

+60.5%

Last action

Trimmed 70.6%

2023Q2

Current $78.93

CARRCARRIER GLOBAL CORPORATION

Industrials·Building Products & Equipment

0.11%

of portfolio

Number of shares

235,000 sh

Holdings current value

$14.03M

Avg closing price

$23.29

+156.3%

Last action

New holding

2022Q2

Current $59.71

PEPPEPSICO INC

Consumer Defensive·Beverages - Non-Alcoholic

0.11%

of portfolio

Number of shares

96,210 sh

Holdings current value

$13.51M

Avg closing price

$102.93

+53.9%

Last action

New holding

2022Q2

Current $158.38

BKBANK NEW YORK MELLON CORP

Financial Services·Banks - Diversified

0.11%

of portfolio

Number of shares

121,500 sh

Holdings current value

$13.24M

Avg closing price

$42.14

+219.9%

Last action

Trimmed 66.7%

2023Q4

Current $134.84

BF/BBROWN FORMAN CORP

0.10%

of portfolio

Number of shares

474,187 sh

Holdings current value

$12.84M

Avg closing price

$62.65

Last action

New holding

2022Q2

Current —

CHHCHOICE HOTELS INTL INC

Consumer Cyclical·Lodging

0.10%

of portfolio

Number of shares

115,500 sh

Holdings current value

$12.35M

Avg closing price

$118.65

-0.5%

Last action

Added 4.5%

2024Q3

Current $118.05

UBERUBER TECHNOLOGIES INC

Technology·Software - Application

0.10%

of portfolio

Number of shares

123,500 sh

Holdings current value

$12.10M

Avg closing price

$66.78

+14.5%

Last action

Added 15.4%

2025Q4

Current $76.48

TGTTARGET CORP

Consumer Defensive·Discount Stores

0.10%

of portfolio

Number of shares

133,000 sh

Holdings current value

$11.93M

Avg closing price

$141.27

-12.3%

Last action

Added 9.9%

2024Q1

Current $123.91

100

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

+32.7%

Last action

New holding

2022Q2

Current $82.99

101

FIXCOMFORT SYS USA INC

Industrials·Engineering & Construction

0.09%

of portfolio

Number of shares

13,000 sh

Holdings current value

$10.73M

Avg closing price

$309.09

+419.6%

Last action

Added 1200.0%

2024Q1

Current $1606

102

OTISOTIS WORLDWIDE CORP

Industrials·Specialty Industrial Machinery

0.09%

of portfolio

Number of shares

114,620 sh

Holdings current value

$10.48M

Avg closing price

$57.20

+41.1%

Last action

New holding

2022Q2

Current $80.69

103

HSYHERSHEY CO

Consumer Defensive·Confectioners

0.08%

of portfolio

Number of shares

54,500 sh

Holdings current value

$10.19M

Avg closing price

$169.50

+12.9%

Last action

Added 31.3%

2025Q4

Current $191.36

104

CSXCSX CORP

Industrials·Railroads

0.08%

of portfolio

Number of shares

285,000 sh

Holdings current value

$10.12M

Avg closing price

$34.35

+24.4%

Last action

Added 119.2%

2025Q4

Current $42.72

105

SONYSONY GROUP CORPORATIONADR

Technology·Consumer Electronics

0.08%

of portfolio

Number of shares

335,000 sh

Holdings current value

$9.64M

Avg closing price

$29.07

Last action

Added 400.0%

2024Q4

Current —

106

SMGSCOTTS MIRACLE-GRO CO

Basic Materials·Agricultural Inputs

0.08%

of portfolio

Number of shares

168,000 sh

Holdings current value

$9.57M

Avg closing price

$48.47

+28.8%

Last action

Added 7.7%

2024Q1

Current $62.44

107

UNHUNITEDHEALTH GROUP INC

Healthcare·Healthcare Plans

0.07%

of portfolio

Number of shares

26,500 sh

Holdings current value

$9.15M

Avg closing price

$451.51

-29.9%

Last action

Trimmed 5.4%

2025Q2

Current $316.40

108

IQVIQVIA HLDGS INC

Healthcare·Diagnostics & Research

0.07%

of portfolio

Number of shares

46,900 sh

Holdings current value

$8.91M

Avg closing price

$215.11

-20.1%

Last action

Trimmed 5.5%

2025Q3

Current $171.95

109

CMECME GROUP INC

Financial Services·Financial Data & Stock Exchanges

0.07%

of portfolio

Number of shares

32,000 sh

Holdings current value

$8.65M

Avg closing price

$260.54

Last action

Added 75.3%

2025Q4

Current —

110

TRUTRANSUNION

Financial Services·Financial Data & Stock Exchanges

0.07%

of portfolio

Number of shares

101,050 sh

Holdings current value

$8.47M

Avg closing price

$70.43

+7.4%

Last action

Trimmed 49.5%

2025Q4

Current $75.64

111

CBOECBOE GLOBAL MKTS INC

Financial Services·Financial Data & Stock Exchanges

0.06%

of portfolio

Number of shares

28,500 sh

Holdings current value

$6.99M

Avg closing price

$240.60

+28.6%

Last action

Added 86.9%

2025Q4

Current $309.38

112

NSPINSPERITY INC

Industrials·Staffing & Employment Services

0.05%

of portfolio

Number of shares

131,728 sh

Holdings current value

$6.48M

Avg closing price

$80.10

Last action

Added 19.1%

2025Q4

Current —

113

KMXCARMAX INC

Consumer Cyclical·Auto & Truck Dealerships

0.05%

of portfolio

Number of shares

136,500 sh

Holdings current value

$6.12M

Avg closing price

$68.91

-41.2%

Last action

Added 10.5%

2024Q2

Current $40.49

114

GHCGRAHAM HLDGS CO

Consumer Defensive·Education & Training Services

0.05%

of portfolio

Number of shares

5,200 sh

Holdings current value

$6.12M

Avg closing price

$480.00

+133.9%

Last action

New holding

2022Q2

Current $1123

115

HIIHUNTINGTON INGALLS INDS INC

Industrials·Aerospace & Defense

0.05%

of portfolio

Number of shares

20,500 sh

Holdings current value

$5.90M

Avg closing price

$232.02

+70.8%

Last action

Added 32.3%

2025Q4

Current $396.17

116

AMATAPPLIED MATLS INC

Technology·Semiconductor Equipment & Materials

0.04%

of portfolio

Number of shares

26,250 sh

Holdings current value

$5.37M

Avg closing price

$206.28

+89.0%

Last action

Added 42.7%

2025Q4

Current $389.90

117

ADBEADOBE SYSTEMS INCORPORATED

Technology·Software - Application

0.04%

of portfolio

Number of shares

14,000 sh

Holdings current value

$4.94M

Avg closing price

$386.88

-35.9%

Last action

Exited

2025Q4

Current $248.16

118

EMNEASTMAN CHEM CO

Basic Materials·Specialty Chemicals

0.04%

of portfolio

Number of shares

74,950 sh

Holdings current value

$4.73M

Avg closing price

$82.79

-11.4%

Last action

Added 2.7%

2023Q4

Current $73.35

119

WRBBERKLEY W R CORP

Financial Services·Insurance - Property & Casualty

0.04%

of portfolio

Number of shares

60,750 sh

Holdings current value

$4.65M

Avg closing price

$63.93

Last action

Added 50.0%

2024Q3

Current —

120

EXPEAGLE MATLS INC

Basic Materials·Building Materials

0.03%

of portfolio

Number of shares

14,750 sh

Holdings current value

$3.44M

Avg closing price

$218.87

-9.7%

Last action

Added 63.9%

2025Q3

Current $197.56

121

AYIACUITY BRANDS INC

Industrials·Electrical Equipment & Parts

0.03%

of portfolio

Number of shares

9,750 sh

Holdings current value

$3.36M

Avg closing price

$272.21

+4.1%

Last action

Added 225.0%

2025Q1

Current $283.46

122

MGMMGM RESORTS INTERNATIONAL

Consumer Cyclical·Resorts & Casinos

0.02%

of portfolio

Number of shares

87,500 sh

Holdings current value

$3.03M

Avg closing price

$32.04

Last action

Added 2.3%

2025Q2

Current —

123

SYYSYSCO CORP

Consumer Defensive·Food Distribution

0.02%

of portfolio

Number of shares

30,500 sh

Holdings current value

$2.51M

Avg closing price

$76.94

-3.8%

Last action

Added 27.1%

2025Q3

Current $74.05

124

DPZDOMINOS PIZZA INC

Consumer Cyclical·Restaurants

0.02%

of portfolio

Number of shares

5,500 sh

Holdings current value

$2.37M

Avg closing price

$428.25

Last action

Added 22.2%

2024Q4

Current —

125

CNICANADIAN NATL RY CO

Industrials·Railroads

0.02%

of portfolio

Number of shares

25,000 sh

Holdings current value

$2.36M

Avg closing price

$96.29

+13.2%

Last action

Added 354.5%

2025Q4

Current $108.96

126

CPCANADIAN PACIFIC KANSAS CITY

Industrials·Railroads

0.02%

of portfolio

Number of shares

31,000 sh

Holdings current value

$2.31M

Avg closing price

$74.16

+8.1%

Last action

Added 169.6%

2025Q4

Current $80.14

127

BCBRUNSWICK CORP

Consumer Cyclical·Recreational Vehicles

0.02%

of portfolio

Number of shares

33,500 sh

Holdings current value

$2.12M

Avg closing price

$69.74

+10.9%

Last action

Added 74.0%

2025Q4

Current $77.33

128

ICEINTERCONTINENTAL EXCHANGE IN

Financial Services·Financial Data & Stock Exchanges

0.01%

of portfolio

Number of shares

5,620 sh

Holdings current value

$946.9K

Avg closing price

$139.65

+17.3%

Last action

Added

2025Q4

Current $163.75

129

XOMEXXON MOBIL CORP

Energy·Oil & Gas Integrated

0.00%

of portfolio

Number of shares

3,000 sh

Holdings current value

$338.3K

Avg closing price

$117.44

+29.4%

Last action

Added

2025Q4

Current $151.98

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 Services35 pos$3.99B38.4%
Industrials26 pos$1.53B14.8%
Consumer Cyclical16 pos$1.39B13.4%
Communication Services6 pos$1.30B12.5%
Technology11 pos$1.10B10.6%
Consumer Defensive11 pos$455.4M4.4%
Healthcare6 pos$321.9M3.1%
Basic Materials7 pos$278.2M2.7%
Real Estate1 pos$20.8M0.2%
Energy1 pos$338K0.0%

(15.7% unclassified, excluded from %)