Tom Gayner

Holdings

Valued at quarter-end prices. Change is against the previous quarter's filing.

#	Company	Weight	Value	Shares	Change	Since quarter end
1	gogoogAlphabet Inc.	7.4%	$971.61M	3M	Unchanged	–
2	brbrk.aBerkshire Hathaway Inc	6.4%	$834.22M	0M	Unchanged	–
3	brbrk.bBerkshire Hathaway	5.8%	$766.58M	2M	Unchanged	+8.4%
4	deDeere	4.2%	$556.88M	1M	Unchanged	+6.5%
5	bnBrookfield	4.2%	$556.81M	13M	Unchanged	-7.8%
6	amznAmazon Com	3.7%	$484.01M	2M	Unchanged	+0.8%
7	adiAnalog Devices	3.0%	$397.04M	1M	-2%	+5.0%
8	gsGoldman Sachs	2.8%	$363.45M	0M	Unchanged	-11.6%
9	aaplApple	2.7%	$355.13M	1M	Unchanged	+19.1%
10	catCaterpillar	2.7%	$349.98M	0M	Unchanged	-41.5%
11	vVisa	2.7%	$347.86M	1M	+1%	+20.5%
12	hdHome Depot	2.5%	$325.35M	1M	+0%	-6.7%
13	wsoWatsco	1.9%	$249.10M	1M	+3%	-27.2%
14	txnTexas Instruments	1.6%	$215.80M	1M	Unchanged	+0.9%
15	blkBlackRock	1.6%	$211.74M	0M	Unchanged	+19.3%
16	googlAlphabet	1.6%	$204.42M	1M	Unchanged	-21.7%
17	msftMicrosoft	1.5%	$200.55M	1M	Unchanged	+39.9%
18	disWalt Disney	1.5%	$195.55M	2M	Unchanged	+15.3%
19	axpAmerican Express	1.3%	$165.89M	0M	Unchanged	-5.7%
20	lowLowes Companies	1.3%	$165.80M	1M	+2%	-5.2%
21	pgrProgressive	1.3%	$164.66M	1M	Unchanged	+5.9%
22	fnvFranco Nevada	1.2%	$161.23M	1M	+9%	+7.9%
23	lplaLPL Financial	1.2%	$157.73M	1M	Unchanged	+0.7%
24	jnjJohnson & Johnson	1.2%	$155.12M	1M	Unchanged	+7.6%
25	bxBlackstone	1.1%	$144.62M	1M	Unchanged	+0.7%
26	rliRLI	1.1%	$141.45M	2M	Unchanged	+10.4%
27	gdGeneral Dynamics	1.1%	$138.51M	0M	Unchanged	+5.2%
28	nvoNovo Nordisk A S	1.0%	$137.58M	3M	Unchanged	-16.6%
29	kkrKKR	1.0%	$133.25M	1M	Unchanged	+2.8%
30	metaMeta Platforms	1.0%	$131.90M	0M	-6%	+9.2%
31	schwSchwab Charles	1.0%	$128.70M	1M	+1%	-4.6%
32	mrshMarsh & McLennan Companies	1.0%	$127.25M	1M	Unchanged	+20.4%
33	apoApollo Global Management	0.9%	$119.79M	1M	Unchanged	-2.1%
34	admArcher-Daniels-Midland	0.9%	$115.04M	2M	Unchanged	+0.7%
35	linLinde	0.9%	$111.88M	0M	+5%	-0.9%
36	deoDiageo	0.8%	$110.30M	1M	Unchanged	+16.2%
37	maMastercard	0.8%	$106.59M	0M	Unchanged	+24.2%
38	dgDollar General	0.8%	$100.06M	1M	Unchanged	+14.9%
39	bamBrookfield Asset Management	0.8%	$98.40M	2M	Unchanged	+7.6%
40	hehei.aHEICO Corp	0.7%	$97.91M	0M	Unchanged	–
41	mcoMoodys	0.7%	$96.88M	0M	Unchanged	+9.1%
42	odflOld Dominion Freight Line	0.7%	$92.95M	0M	Unchanged	-20.3%
43	nscNorfolk Southern	0.7%	$88.87M	0M	Unchanged	+8.9%
44	itwIllinois Tool Works	0.7%	$88.58M	0M	Unchanged	+3.0%
45	jpmJPMorgan Chase	0.6%	$82.67M	0M	Unchanged	+3.0%
46	nvrNVR	0.6%	$82.42M	0M	Unchanged	-12.5%
47	msciMSCI	0.6%	$80.00M	0M	Unchanged	+11.3%
48	rokRockwell Automation	0.6%	$76.69M	0M	Unchanged	-11.9%
49	eclEcolab	0.6%	$76.42M	0M	Unchanged	+8.7%
50	sunbSunbelt Rentals	0.6%	$72.89M	1M	+1%	+11.8%
51	sbuxStarbucks	0.5%	$63.75M	1M	Unchanged	+1.4%
52	rolRollins	0.5%	$63.30M	2M	+1%	-17.0%
53	thgHanover Insurance	0.5%	$60.17M	0M	Unchanged	+13.1%
54	iticInvestors Title	0.4%	$58.38M	0M	Unchanged	-1.8%
55	cgCarlyle	0.4%	$55.88M	1M	Unchanged	-4.6%
56	tsnTyson Foods	0.4%	$52.30M	1M	+3%	-0.4%
57	spgiS&P Global	0.4%	$47.93M	0M	Unchanged	+13.1%
58	aonAon	0.3%	$45.04M	0M	Unchanged	-3.0%
59	unpUnion Pacific	0.3%	$43.80M	0M	+7%	+11.8%
60	fergFerguson Enterprises	0.3%	$42.77M	0M	+6%	+0.6%
61	rtxRTX	0.3%	$42.50M	0M	Unchanged	+5.3%
62	cscoCisco Systems	0.3%	$41.76M	0M	Unchanged	-11.0%
63	meliMercadoLibre	0.3%	$40.74M	0M	+340%	-4.3%
64	yumYum Brands	0.3%	$39.20M	0M	Unchanged	-2.8%
65	marMarriott International	0.3%	$36.87M	0M	+6%	+7.7%
66	allAllstate	0.3%	$36.77M	0M	Unchanged	+9.2%
67	tmoThermo Fisher Scientific	0.3%	$36.65M	0M	+9%	+39.0%
68	costCostco Wholesale	0.3%	$36.62M	0M	Unchanged	+8.2%
69	hgtyHagerty	0.3%	$35.90M	3M	Unchanged	+30.7%
70	trowPrice T Rowe	0.3%	$35.70M	0M	Unchanged	-8.6%
71	uriUnited Rentals	0.3%	$35.29M	0M	Unchanged	+3.3%
72	abnbAirbnb	0.3%	$34.69M	0M	Unchanged	+14.9%
73	lmtLockheed Martin	0.3%	$33.22M	0M	Unchanged	+25.0%
74	hcaHCA Healthcare	0.3%	$32.89M	0M	+2%	+21.4%
75	shwSherwin Williams	0.2%	$32.43M	0M	Unchanged	-3.4%
76	fdsFactSet Research Systems	0.2%	$31.15M	0M	Unchanged	+43.2%
77	lamrLamar Advertising	0.2%	$30.10M	0M	Unchanged	+1.0%
78	vrskVerisk Analytics	0.2%	$28.00M	0M	Unchanged	+9.3%
79	csxCSX	0.2%	$27.78M	1M	+10%	+9.4%
80	amatApplied Materials	0.2%	$26.28M	0M	Unchanged	-46.0%
81	apdAir Products & Chemicals	0.2%	$25.95M	0M	+17%	+7.9%
82	fixComfort Systems USA	0.2%	$25.77M	0M	Unchanged	-37.8%
83	cckCrown	0.2%	$24.60M	0M	Unchanged	+6.6%
84	bfbf.aBrown Forman Corp	0.2%	$23.06M	1M	Unchanged	–
85	rnrRenaissanceRe	0.2%	$22.18M	0M	Unchanged	+7.1%
86	epdEnterprise Products Partners L.P.	0.2%	$20.92M	1M	+182%	+3.8%
87	pmPhilip Morris International	0.2%	$20.71M	0M	Unchanged	+15.4%
88	acnAccenture	0.2%	$19.84M	0M	Unchanged	+107.5%
89	cmcsaComcast	0.2%	$19.69M	1M	-17%	-9.3%
90	hxlHexcel	0.1%	$18.91M	0M	Unchanged	-22.2%
91	nkeNIKE	0.1%	$18.37M	0M	Unchanged	-5.8%
92	cofCapital One Financial	0.1%	$18.26M	0M	Unchanged	+2.1%
93	bnyBank of New York Mellon	0.1%	$18.00M	0M	Unchanged	+1.7%
94	carrCarrier Global	0.1%	$17.24M	0M	Unchanged	-26.9%
95	wfcWells Fargo &	0.1%	$16.90M	0M	Unchanged	+0.9%
96	seicSEI Investments	0.1%	$15.19M	0M	Unchanged	+17.9%
97	payxPaychex	0.1%	$14.75M	0M	Unchanged	+14.0%
98	hsyHershey	0.1%	$13.16M	0M	Unchanged	-5.6%
99	pepPepsiCo	0.1%	$13.03M	0M	Unchanged	+1.4%
100	bf.bBrown Forman	0.1%	$12.64M	0M	Unchanged	+5.2%
101	shopShopify	0.1%	$11.73M	0M	Unchanged	+37.9%
102	efxEquifax	0.1%	$11.56M	0M	Unchanged	+16.3%
103	cmeCME	0.1%	$10.99M	0M	Unchanged	+37.3%
104	cboeCboe Global Markets	0.1%	$10.60M	0M	Unchanged	+38.3%
105	uberUber Technologies	0.1%	$10.28M	0M	Unchanged	-9.6%
106	otisOtis Worldwide	0.1%	$9.57M	0M	+17%	+5.8%
107	iqvIqvia	0.1%	$9.06M	0M	Unchanged	+38.4%
108	hiiHuntington Ingalls Industries	0.1%	$7.70M	0M	Unchanged	+13.2%
109	xomExxonMobil	0.1%	$7.67M	0M	+19%	+37.0%
110	nspInsperity	0.1%	$7.49M	0M	Unchanged	+17.8%
111	kmxCarMax	0.1%	$7.22M	0M	Unchanged	+5.1%
112	sonySony	0.1%	$6.72M	0M	Unchanged	+27.0%
113	cniCanadian National Railway	0.0%	$6.38M	0M	Unchanged	+3.7%
114	cpCanadian Pacific Kansas City	0.0%	$6.33M	0M	+23%	+3.5%
115	ghcGraham	0.0%	$5.94M	0M	Unchanged	+2.4%
116	emnEastman Chemical	0.0%	$5.02M	0M	Unchanged	-0.7%
117	ztsZoetis	0.0%	$4.76M	0M	New	+10.9%
118	bcBrunswick	0.0%	$4.32M	0M	Unchanged	-10.6%
119	wrbBerkley W R	0.0%	$4.28M	0M	Unchanged	+4.7%
120	mgmMGM Resorts International	0.0%	$4.18M	0M	Unchanged	-37.3%
121	ayiAcuity	0.0%	$3.67M	0M	Unchanged	-15.5%
122	iceIntercontinental Exchange	0.0%	$3.55M	0M	Unchanged	+37.2%
123	expEagle Materials	0.0%	$3.32M	0M	Unchanged	-18.4%
124	wyWeyerhaeuser	0.0%	$2.87M	0M	+586%	-15.0%
125	nflxNetflix	0.0%	$2.86M	0M	New	-13.1%
126	syySysco	0.0%	$2.55M	0M	Unchanged	-0.8%
127	dpzDominos Pizza	0.0%	$1.63M	0M	Unchanged	+6.0%
128	broBrown & Brown	0.0%	$898.10K	0M	Unchanged	+8.7%
129	ufpiUFP Industries	0.0%	$362.96K	0M	New	-9.7%