Copy Invest | Sonar Terminal

Thomas Gayner - Markel Group

454 trades · 325 closed · 129 open · Win rate: 63.7% · Avg return: +87.6% · Median return: +16.8%

⚠ 1 of these positions have a value-scale error in the underlying SEC filing (an entry or exit price ≥25× off the rest of the holding), so their return is unreliable. They are marked data error below and excluded from the stats above, but their quarter-by-quarter filing history is still attached — open History on any row to see it exactly as filed.

Stock	Entry Quarter	Entry Price	Exit Quarter	Exit / Current Price	Return	Status	Filings
NFLX - Netflix, Inc.	Q2 2021	$52.79	Q2 2021	$52.79	+0.00%	Closed	History

NSRGY - Nestlé S.A.	Q3 2010	$53.59	Q3 2010	$53.59	+0.00%	Closed	History

PJT - PJT Partners Inc.	Q4 2015	$28.25	Q4 2015	$28.25	+0.00%	Closed	History

RFP - Resolute Forest Products	Q4 2012	$13.27	Q4 2012	$13.27	+0.00%	Closed	History

STT - State Street Corp.	Q4 2015	$66.44	Q4 2015	$66.44	+0.00%	Closed	History

TIF - Tiffany	Q4 2007	$46.03	Q4 2007	$46.03	+0.00%	Closed	History

ULS - UL Solutions Inc.	Q2 2024	$42.19	Q2 2024	$42.19	+0.00%	Closed	History

UMH - UMH Properties, Inc.	Q4 2007	$11.77	Q4 2007	$11.77	+0.00%	Closed	History

WIX - Wix.com Ltd.	Q2 2021	$290.00	Q2 2021	$290.00	+0.00%	Closed	History

EPD - Enterprise Products Partners L.P.	Q1 2026	$37.84	Open	$37.73	-0.29%	Open	History

TGT - Target Corp.	Q4 2013	$63.25	Q3 2014	$62.67	-0.92%	Closed	History

CMCSA - Comcast Corp.	Q4 2007	$8.56	Q3 2010	$8.46	-1.10%	Closed	History

BRYG - Berkshire Hathaway Class B	Q3 2009	$3,323.00	Q4 2009	$3,286.01	-1.11%	Closed	History

BU3 - Bunge Limited	Q4 2015	$68.29	Q4 2017	$67.08	-1.77%	Closed	History

WY - Weyerhaeuser Co.	Q1 2026	$24.43	Open	$23.80	-2.58%	Open	History

ENOV - Enovis Corp.	Q2 2022	$55.00	Q4 2022	$53.52	-2.69%	Closed	History

OAK - Oaktree Capital Group LLC	Q3 2014	$51.09	Q2 2019	$49.54	-3.03%	Closed	History

F1E - Fidelity National Financial	Q4 2013	$32.45	Q1 2014	$31.43	-3.14%	Closed	History

EA - Electronic Arts Inc.	Q2 2018	$141.03	Q1 2021	$135.37	-4.01%	Closed	History

COF - Capital One Financial Corp.	Q1 2018	$95.81	Q2 2018	$91.89	-4.09%	Closed	History

CHH - Choice Hotels International, Inc.	Q2 2017	$64.26	Q1 2020	$61.25	-4.68%	Closed	History

ROP - Roper Technologies, Inc.	Q2 2021	$470.73	Q3 2021	$446.34	-5.18%	Closed	History

MAT - Mattel, Inc.	Q3 2012	$35.47	Q1 2016	$33.62	-5.22%	Closed	History

SAP - Sap Se	Q1 2008	$49.57	Q4 2009	$46.81	-5.57%	Closed	History

MRK - Merck & Co., Inc.	Q2 2016	$55.04	Q1 2018	$51.97	-5.58%	Closed	History

DEO - Diageo plc	Q4 2007	$85.83	Open	$80.94	-5.70%	Open	History

CRRTQ - Carbo Ceramics Inc	Q1 2012	$105.45	Q3 2013	$99.11	-6.01%	Closed	History

DNB - Dun & Bradstreet Hldgs Inc	Q4 2022	$12.26	Q3 2024	$11.51	-6.12%	Closed	History

MAN - ManpowerGroup Inc.	Q2 2008	$58.25	Q4 2009	$54.58	-6.30%	Closed	History

MCF - Contango Oil & Gas	Q1 2011	$63.23	Q2 2012	$59.21	-6.36%	Closed	History

HOG - Harley-Davidson, Inc.	Q2 2015	$56.36	Q3 2016	$52.59	-6.69%	Closed	History

TSN - Tyson Foods, Inc.	Q4 2016	$61.64	Open	$57.48	-6.75%	Open	History

SYF - Synchrony Financial	Q2 2018	$33.45	Q3 2018	$31.14	-6.91%	Closed	History

BUD - Anheuser-Busch InBev SA/NV	Q2 2019	$88.67	Q4 2019	$82.08	-7.43%	Closed	History

BC - Brunswick Corp.	Q3 2024	$83.82	Open	$77.50	-7.54%	Open	History

EXP - Eagle Materials Inc.	Q1 2025	$221.93	Open	$204.99	-7.63%	Open	History

BPY - Brookfield Property Partners	Q2 2013	$20.30	Q1 2014	$18.70	-7.88%	Closed	History

BMY - Bristol-Myers Squibb Co.	Q4 2015	$68.80	Q1 2018	$63.20	-8.14%	Closed	History

KMX - CarMax, Inc.	Q4 2022	$60.89	Open	$55.73	-8.47%	Open	History

ADBE - Adobe Inc.	Q2 2025	$386.88	Q3 2025	$352.75	-8.82%	Closed	History

FDX - FedEx Corp.	Q4 2021	$208.40	Q3 2025	$190.02	-8.82%	Closed	History

HAL - Halliburton Co.	Q4 2014	$39.33	Q1 2016	$35.72	-9.18%	Closed	History

ANRZQ - Alpha Natural Resources	Q3 2012	$6.57	Q3 2013	$5.96	-9.28%	Closed	History

WU - The Western Union Co.	Q4 2010	$18.57	Q2 2012	$16.84	-9.32%	Closed	History

3393199Q - Anheuser Busch	Q4 2007	$52.34	Q1 2008	$47.45	-9.34%	Closed	History

CME - CME Group Inc.	Q3 2008	$74.31	Q4 2009	$67.19	-9.58%	Closed	History

YUM - Yum! Brands, Inc.	Q1 2012	$51.22	Q2 2012	$46.28	-9.64%	Closed	History

FLS - Flowserve Corp.	Q4 2016	$48.05	Q1 2018	$43.33	-9.82%	Closed	History

MJN - Mead Johnson Nutrition	Q4 2015	$78.97	Q4 2016	$70.77	-10.38%	Closed	History

YUM - Yum! Brands, Inc.	Q1 2008	$26.76	Q2 2009	$23.98	-10.40%	Closed	History

SLB - Slb N.V.	Q3 2008	$78.11	Q3 2017	$69.75	-10.70%	Closed	History

PAG - Penske Automotive Group, Inc.	Q2 2016	$31.45	Q1 2020	$28.00	-10.97%	Closed	History

LILA - Liberty Latin America Ltd.	Q1 2018	$12.44	Q2 2019	$11.04	-11.27%	Closed	History

HSY - The Hershey Co.	Q1 2024	$194.50	Open	$171.46	-11.85%	Open	History

IBM - International Business Machines Corp.	Q1 2017	$166.46	Q1 2018	$146.69	-11.88%	Closed	History

COF - Capital One Financial Corp.	Q3 2015	$72.52	Q2 2016	$63.51	-12.42%	Closed	History

UTI - Universal Technical Institute, Inc.	Q4 2013	$13.91	Q2 2014	$12.13	-12.80%	Closed	History

VLY - Valley National Bancorp	Q4 2007	$14.93	Q2 2008	$12.97	-13.18%	Closed	History

AMB - Fortune Brands	Q1 2008	$69.48	Q4 2010	$60.24	-13.30%	Closed	History

DST - DST Systems, Inc	Q1 2011	$26.41	Q4 2011	$22.77	-13.77%	Closed	History

BRO - Brown & Brown, Inc.	Q4 2025	$79.70	Open	$68.50	-14.05%	Open	History

ELME - Washington Real Estate Investm	Q4 2007	$31.41	Q2 2013	$26.96	-14.17%	Closed	History

GPK - Graphic Packaging Holdings Co.	Q4 2023	$24.65	Q2 2025	$21.07	-14.52%	Closed	History

PPLI - People Inc.	Q2 2021	$126.36	Q3 2021	$106.97	-15.34%	Closed	History

UNH - UnitedHealth Group Inc.	Q3 2023	$504.19	Open	$425.19	-15.67%	Open	History

NOV - NOV Inc.	Q3 2010	$40.11	Q2 2016	$33.65	-16.10%	Closed	History

NTRS - Northern Trust Corp.	Q4 2007	$76.59	Q2 2014	$64.21	-16.16%	Closed	History

CTAS - Cintas Corp.	Q4 2007	$8.41	Q1 2010	$7.03	-16.44%	Closed	History

WTM - White Mountains Insurance Group, Ltd.	Q4 2007	$514.05	Q2 2011	$420.16	-18.26%	Closed	History

CHH - Choice Hotels International, Inc.	Q2 2023	$117.52	Q4 2025	$95.26	-18.94%	Closed	History

DLCA - Dell Inc	Q2 2012	$12.51	Q4 2012	$10.14	-18.94%	Closed	History

LM02 - Liberty Media Corp Class C	Q3 2014	$46.99	Q1 2016	$38.09	-18.94%	Closed	History

EL - The Estée Lauder Companies Inc.	Q3 2024	$99.69	Q2 2025	$80.80	-18.95%	Closed	History

CLMS - Calamos Asset Management	Q1 2012	$13.12	Q4 2012	$10.57	-19.44%	Closed	History

GGQ1 - Google	Q1 2013	$794.20	Q3 2015	$638.40	-19.62%	Closed	History

BALL - Ball Corp.	Q2 2019	$70.00	Q2 2025	$56.09	-19.87%	Closed	History

TMO - Thermo Fisher Scientific Inc.	Q4 2021	$666.67	Open	$534.07	-19.89%	Open	History

RUSHA - Rush Enterprises, Inc.	Q1 2015	$12.15	Q4 2015	$9.72	-19.98%	Closed	History

ADP - Automatic Data Processing, Inc.	Q4 2007	$39.10	Q1 2009	$30.87	-21.04%	Closed	History

PGR - The Progressive Corp.	Q4 2007	$19.15	Q2 2009	$15.11	-21.10%	Closed	History

CVS - CVS Health Corp.	Q1 2014	$74.86	Q2 2024	$59.06	-21.11%	Closed	History

UA - Under Armour, Inc.	Q2 2022	$7.59	Q3 2022	$5.97	-21.34%	Closed	History

LEN - Lennar Corp.	Q2 2019	$47.02	Q1 2020	$36.92	-21.47%	Closed	History

DAR - Darling Ingredients Inc.	Q2 2015	$14.66	Q3 2015	$11.25	-23.26%	Closed	History

CMCSA - Comcast Corp.	Q2 2016	$30.55	Open	$23.19	-24.10%	Open	History

COP - ConocoPhillips	Q4 2008	$39.49	Q1 2009	$29.88	-24.32%	Closed	History

MSFT - Microsoft Corp.	Q4 2007	$35.58	Q3 2008	$26.66	-25.07%	Closed	History

5050 - Exxon Corporation	Q4 2007	$93.69	Q2 2009	$69.91	-25.38%	Closed	History

LEN - Lennar Corp.	Q2 2011	$17.29	Q3 2011	$12.89	-25.44%	Closed	History

MRVL - Marvell Technology, Inc.	Q2 2021	$58.33	Q1 2023	$43.30	-25.77%	Closed	History

AAIG - American International Group	Q4 2007	$58.29	Q1 2008	$43.25	-25.80%	Closed	History

AFL - Aflac Inc.	Q4 2007	$31.32	Q4 2009	$23.13	-26.15%	Closed	History

WHR - Whirlpool Corp.	Q2 2018	$146.12	Q3 2024	$107.00	-26.77%	Closed	History

STT - State Street Corp.	Q4 2007	$81.19	Q1 2013	$59.08	-27.23%	Closed	History

BIP - Brookfield Infrastructure Part	Q1 2008	$6.73	Q2 2009	$4.89	-27.30%	Closed	History

LF1 - LandAmerica Financial Group	Q4 2007	$33.45	Q3 2008	$24.25	-27.50%	Closed	History

MCK - McKesson Corp.	Q2 2016	$186.70	Q1 2020	$135.26	-27.55%	Closed	History

DPZ - Domino's Pizza, Inc.	Q3 2024	$430.14	Open	$309.85	-27.97%	Open	History

MTSI - MACOM Technology Solutions Holdings, Inc.	Q2 2021	$64.08	Q2 2022	$46.10	-28.06%	Closed	History

CINF - Cincinnati Financial Corp.	Q4 2007	$39.54	Q3 2008	$28.44	-28.07%	Closed	History

Entry/exit prices and returns are split-adjusted to today's share basis. The quarter-by-quarter history shows prices exactly as filed with the SEC, so a pre-split quarter's price will look higher than the split-adjusted entry above.