Thomas Gayner — Holdings
129 positions · AUM $11.9B
| Ticker | Company | Value | Weight | Mkt Cap | P/E | EV/FCF | ROIC | Rev 5Y | FCF M% | Gross M% | Day % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BRK.A | Berkshire Hathaway CL A | 800M | 6.70% | — | — | — | 9.3% | 8.2% | 10.1% | — | — |
| GOOG | Alphabet Inc. CL C | 789M | 6.61% | $2.00T | 35.1x | 27.6x | 28.5% | 17.2% | 18.2% | — | — |
| BRK.B | Berkshire Hathaway CL B | 734M | 6.15% | — | — | — | 9.3% | 8.2% | 10.1% | — | — |
| BN | Brookfield Corp. | 529M | 4.43% | $81.9B | — | — | — | — | — | — | — |
| DE | Deere & Co. | 495M | 4.14% | $130.6B | 28.6x | 20.1x | 19.4% | 5.2% | 13.4% | — | — |
| AMZN | Amazon.com Inc. | 423M | 3.54% | $1.98T | 37.1x | 254.8x | 16.2% | 13.2% | 1.1% | — | — |
| ADI | Analog Devices | 326M | 2.73% | $98.1B | 87.1x | 22.3x | 6.7% | 14.5% | 38.8% | 61.5% | — |
| AAPL | Apple Inc. | 311M | 2.61% | $2.97T | 41.4x | 30.6x | 68.1% | 8.7% | 23.7% | 46.9% | — |
| GS | Goldman Sachs Group | 304M | 2.55% | $173.9B | 19.4x | -0.2x | 13.7% | — | — | — | — |
| V | Visa Inc. | 304M | 2.54% | $668.2B | — | 30.2x | 52.9% | 12.9% | 53.9% | — | — |
| HD | Home Depot | 303M | 2.53% | $359.5B | 22.0x | 32.2x | 22.8% | 4.5% | 7.7% | 33.3% | — |
| CAT | Caterpillar Inc. | 233M | 1.95% | $152.0B | 46.8x | 15.9x | 41.7% | 10.1% | 13.2% | — | — |
| BLK | BlackRock Inc. | 212M | 1.77% | $142.7B | 30.4x | 40.5x | 8.1% | — | 14.7% | — | — |
| WSO | Watsco Inc. | 212M | 1.77% | — | — | — | 21.1% | 7.4% | 7.4% | 28.0% | — |
| MSFT | Microsoft Corp. | 199M | 1.67% | $3.24T | 30.7x | 45.5x | 26.3% | 14.5% | 25.4% | 68.8% | — |
| DIS | Walt Disney Co. | 196M | 1.64% | $166.5B | 15.0x | 20.1x | 8.2% | 7.6% | 10.7% | — | — |
| FNV | Franco Nevada Corp. | 175M | 1.47% | $32.4B | — | — | — | — | — | — | — |
| LOW | Lowe's Cos. | 174M | 1.46% | $126.0B | 18.1x | 21.5x | 22.3% | -0.8% | 8.9% | 33.5% | — |
| LPLA | LPL Financial Holdings Inc. | 168M | 1.41% | $26.7B | 26.2x | -33.5x | 6.8% | 23.7% | -5.8% | — | — |
| GOOGL | Alphabet Inc. | 164M | 1.38% | $2.00T | 35.4x | 27.6x | 28.5% | 17.2% | 18.2% | — | — |
| JNJ | Johnson & Johnson | 149M | 1.25% | $372.9B | 21.2x | 20.0x | 21.8% | 2.7% | 20.9% | 67.9% | — |
| PGR | Progressive Corp. | 149M | 1.25% | $165.4B | 10.4x | 9.6x | 37.3% | 15.5% | 19.6% | — | — |
| AXP | American Express | 148M | 1.24% | $194.8B | 20.3x | 12.7x | 12.1% | 13.5% | 38.7% | — | — |
| META | Meta Platforms Inc. | 142M | 1.19% | $1.51T | 26.0x | 33.3x | 21.9% | 18.5% | 22.9% | — | — |
| BX | Blackstone Group | 141M | 1.18% | $166.3B | 30.6x | 38.7x | 14.2% | 18.8% | 31.5% | — | — |
| TXN | Texas Instruments | 141M | 1.18% | $147.6B | 56.7x | 60.8x | 16.5% | 4.1% | 14.7% | 57.0% | — |
| RLI | RLI Corp. | 137M | 1.14% | $6.8B | 12.0x | 11.1x | 22.7% | 13.9% | 32.3% | — | — |
| GD | General Dynamics | 134M | 1.12% | $73.0B | 22.2x | 19.9x | 12.5% | 6.7% | 7.5% | — | — |
| KKR | KKR & Co. L.P. | 134M | 1.12% | $105.9B | — | 185.8x | 7.7% | 57.5% | 2.5% | — | — |
| MRSH | Marsh | 132M | 1.11% | — | — | — | 11.9% | — | 18.5% | — | — |
| SCHW | Charles Schwab Corp. | 130M | 1.09% | $151.4B | 19.4x | 12.0x | 0.0% | 15.4% | 36.6% | — | — |
| APO | Apollo Global Management | 113M | 0.94% | $76.4B | 23.2x | 9.6x | 9.2% | 68.6% | 22.6% | — | — |
| ADM | Archer-Daniels-Midland | 109M | 0.92% | $22.8B | 34.8x | 7.0x | 3.6% | -17.3% | 16.8% | 20.2% | — |
| NVO | Novo Nordisk A S | 105M | 0.88% | $305.8B | — | — | — | — | — | — | — |
| MA | Mastercard Inc. | 104M | 0.87% | $509.6B | 30.2x | 29.1x | 193.5% | 6.8% | 52.3% | — | — |
| DEO | Diageo ADR | 102M | 0.86% | — | — | — | — | — | — | — | — |
| DG | Dollar General | 103M | 0.86% | $20.3B | 15.4x | 8.0x | 17.8% | 4.8% | 5.6% | 30.7% | — |
| LIN | Linde plc | 101M | 0.85% | $213.0B | 35.4x | 45.3x | 11.4% | 4.5% | 15.0% | — | — |
| BAM | Brookfield Asset Management | 98M | 0.82% | $88.3B | — | 41.3x | 26.9% | — | 53.3% | — | — |
| MCO | Moody's Corp. | 93M | 0.78% | $83.6B | 32.9x | 34.3x | 22.3% | 7.5% | 33.4% | — | — |
| ITW | Illinois Tool Works | 85M | 0.71% | $70.7B | 24.0x | 28.6x | 28.1% | 5.0% | 16.9% | — | — |
| ODFL | Old Dominion Freight Line | 84M | 0.70% | — | 43.5x | 46.5x | 23.7% | — | — | — | — |
| NSC | Norfolk Southern Corp. | 81M | 0.68% | $50.1B | 24.7x | 22.5x | 18.5% | 4.5% | 17.7% | — | — |
| HEI.A | HEICO Corp. CL A | 80M | 0.67% | — | 45.7x | 36.4x | 16.0% | 20.2% | 19.2% | — | — |
| NVR | NVR Inc. | 80M | 0.67% | $20.8B | 13.8x | 17.2x | 34.7% | 6.5% | 10.6% | — | — |
| ROL | Rollins Inc. | 80M | 0.67% | — | 49.0x | 40.4x | 28.3% | 11.7% | 17.3% | — | — |
| MSCI | MSCI Inc. | 77M | 0.64% | $42.6B | 37.5x | 31.2x | 33.9% | 13.1% | 49.4% | — | — |
| JPM | JPMorgan Chase & Co. | 74M | 0.62% | $701.9B | 15.3x | -2.4x | 15.7% | 8.7% | -81.0% | — | — |
| ECL | Ecolab Inc. | 73M | 0.61% | $72.4B | 34.8x | 37.7x | 21.2% | 6.4% | 11.8% | — | — |
| CG | Carlyle Group | 64M | 0.54% | $14.6B | 20.8x | -3.7x | 11.5% | 10.2% | -70.6% | — | — |
| SUNB | Sunbelt Rentals Holdings Inc | 63M | 0.53% | — | — | — | — | — | — | — | — |
| TSN | Tyson Foods | 57M | 0.48% | $20.0B | 48.9x | 15.9x | 2.6% | 4.7% | 2.2% | 6.5% | — |
| ROK | Rockwell Automation Inc. | 56M | 0.47% | $28.7B | 59.0x | 20.8x | 23.8% | 5.7% | 16.3% | 48.1% | — |
| SBUX | Starbucks Corp. | 56M | 0.47% | $92.8B | 63.3x | 43.3x | 23.3% | 9.6% | 6.6% | — | — |
| SPGI | S&P Global Inc. | 50M | 0.42% | $155.2B | 28.5x | 30.5x | 10.1% | 15.6% | 35.6% | — | — |
| THG | Hanover Insurance Group | 49M | 0.41% | $6.0B | 10.7x | 4.9x | 15.0% | 6.4% | 17.7% | — | — |
| ITIC | Investors Title Co. | 46M | 0.39% | — | 13.0x | 17.2x | 13.1% | 19.2% | 62.0% | — | — |
| AON | Aon Plc | 44M | 0.37% | — | 19.1x | 26.3x | 15.0% | 9.2% | 18.7% | — | — |
| RTX | RTX Corp. | 43M | 0.36% | $171.8B | 35.7x | 20.7x | 10.3% | 9.4% | 9.0% | — | — |
| COST | Costco Co. | 39M | 0.33% | $450.3B | 56.5x | 55.6x | 27.8% | 10.5% | 2.8% | — | — |
| FERG | Ferguson Enterprises Inc. | 40M | 0.33% | $34.6B | 24.0x | 23.8x | 18.5% | — | 5.2% | 30.7% | — |
| HCA | HCA Healthcare Inc. | 39M | 0.33% | $84.1B | 13.9x | 16.5x | 17.7% | 8.0% | 10.2% | — | — |
| LMT | Lockheed Martin Corp. | 39M | 0.33% | $110.5B | 24.8x | 18.5x | 17.7% | 2.8% | 9.2% | 10.2% | — |
| YUM | Yum! Brands Inc. | 38M | 0.32% | — | — | — | — | 7.8% | 20.0% | — | — |
| UNP | Union Pacific | 36M | 0.31% | $129.4B | 22.2x | 29.1x | 14.2% | 4.6% | 22.4% | — | — |
| TMO | Thermo Fisher Scientific | 33M | 0.28% | $159.4B | 25.3x | 30.0x | 7.3% | 6.7% | 14.1% | — | — |
| ALL | Allstate Corp. | 32M | 0.27% | $53.0B | 5.7x | 6.1x | 26.7% | 10.1% | 14.6% | — | — |
| HGTY | Hagerty Inc. | 33M | 0.27% | $3.0B | — | 15.8x | 37.4% | 19.4% | 28.7% | — | — |
| ABNB | Airbnb Inc. | 31M | 0.26% | $77.1B | — | 15.2x | 30.6% | 29.4% | 38.0% | — | — |
| ACN | Accenture | 32M | 0.26% | — | 14.8x | 9.4x | 24.6% | 9.5% | 15.6% | — | — |
| MAR | Marriott Int'l. | 31M | 0.26% | — | 38.8x | 38.6x | — | 19.9% | 10.0% | — | — |
| FDS | FactSet Research Systems | 29M | 0.25% | $16.4B | 14.9x | 28.3x | 16.8% | 9.2% | 26.6% | — | — |
| SHW | Sherwin-Williams | 30M | 0.25% | $90.2B | 30.1x | 37.5x | 18.0% | 5.1% | 11.3% | 48.8% | — |
| VRSK | Verisk Analytics Inc. | 30M | 0.25% | — | — | — | 17.9% | 6.2% | 38.8% | — | — |
| TROW | T. Rowe Price Group | 28M | 0.24% | $20.2B | 11.2x | 11.4x | 19.2% | 3.3% | 20.2% | — | — |
| CMCSA | Comcast Corp. | 28M | 0.23% | $128.6B | 4.7x | 5.4x | 20.6% | 3.6% | 17.7% | — | — |
| CSCO | Cisco Systems | 28M | 0.23% | $236.0B | 47.2x | 19.0x | 14.2% | 2.8% | 23.5% | 64.9% | — |
| LAMR | Lamar Advertising Co. | 24M | 0.20% | $11.9B | 26.5x | 17.3x | 57.3% | — | — | — | — |
| NKE | NIKE Inc. | 24M | 0.20% | $84.6B | 20.7x | 26.1x | 15.2% | 4.4% | 7.1% | 42.7% | — |
| BF.A | Brown-Forman Corp. CL A | 23M | 0.19% | — | 14.7x | 34.2x | 13.5% | 3.4% | 10.8% | 58.9% | — |
| URI | United Rentals | 23M | 0.19% | — | 24.3x | 14.4x | 10.7% | 13.1% | 140.5% | 166.3% | — |
| APD | Air Products & Chemicals | 22M | 0.18% | $60.6B | -163.5x | -15.6x | -2.6% | 6.3% | -31.3% | — | — |
| CCK | Crown Holdings | 22M | 0.18% | $11.4B | 15.2x | 14.8x | 8.3% | 5.7% | 9.0% | — | — |
| CSX | CSX Corp. | 22M | 0.18% | $53.5B | 29.6x | 30.9x | 22.0% | 5.9% | 12.1% | — | — |
| RNR | RenaissanceRe Holdings Ltd. | 21M | 0.17% | — | 5.3x | 3.9x | 19.2% | 20.0% | 28.7% | — | — |
| PM | Philip Morris Intl. | 19M | 0.16% | $269.6B | 26.0x | 24.8x | — | 7.2% | 26.2% | 67.1% | — |
| FIX | Comfort Systems USA Inc. | 18M | 0.15% | — | 63.3x | 62.0x | 39.4% | -8.5% | 56.3% | 22.0% | — |
| COF | Capital One Financial | 17M | 0.14% | $72.0B | 46.6x | 0.4x | 2.2% | 16.6% | 324.2% | — | — |
| WFC | Wells Fargo | 16M | 0.14% | — | — | — | 6.0% | — | — | — | — |
| HSY | Hershey Co. | 16M | 0.13% | $33.8B | — | 18.0x | 19.0% | 7.5% | 15.6% | 33.5% | — |
| HXL | Hexcel Corp. | 15M | 0.13% | $4.0B | — | 25.2x | 8.7% | 4.7% | 8.3% | 23.0% | — |
| PEP | PepsiCo Inc. | 15M | 0.13% | $181.0B | 25.1x | 28.4x | 12.3% | 5.9% | 8.2% | 54.1% | — |
| BNY | Bank of New York Mellon Corp. | 15M | 0.12% | — | — | — | — | — | — | — | — |
| CME | CME Group | 15M | 0.12% | $101.8B | 26.1x | 23.2x | 14.2% | 6.0% | 64.3% | — | — |
| PAYX | Paychex Inc. | 14M | 0.12% | $53.8B | 21.2x | 33.4x | 18.3% | 6.5% | 31.6% | — | — |
| BF.B | Brown-Forman Corp. | 13M | 0.11% | — | 14.2x | 33.3x | 13.5% | 3.4% | 10.8% | 58.9% | — |
| CARR | Carrier Global Corp. | 13M | 0.11% | $60.7B | 36.7x | 27.9x | 10.5% | 4.5% | 9.8% | — | — |
| EFX | Equifax Inc. | 13M | 0.11% | — | 30.8x | 22.3x | 6.8% | 8.0% | 18.7% | — | — |
| SEIC | SEI Investments | 14M | 0.11% | $10.0B | 16.1x | 16.3x | 29.2% | 6.4% | 25.5% | 35.2% | — |
| SPOT | Spotify Technology S.A. | 13M | 0.11% | $130.8B | — | — | — | — | — | — | — |
| AMAT | Applied Materials | 12M | 0.10% | — | 49.9x | 60.0x | 34.3% | 10.5% | 20.1% | 48.7% | — |
| CBOE | CBOE Holdings Inc. | 12M | 0.10% | $24.3B | 34.3x | 14.0x | 16.7% | — | — | — | — |
| SHOP | Shopify Inc. | 12M | 0.10% | $127.0B | 109.6x | 62.5x | 9.1% | 31.6% | 17.4% | 48.1% | — |
| HII | Huntington Ingalls Industries | 10M | 0.09% | $9.1B | 20.8x | 10.5x | 11.9% | 5.9% | 6.4% | — | — |
| SMG | Scotts Miracle-Gro Co. | 10M | 0.09% | $3.2B | 24.0x | 19.4x | 8.3% | -3.7% | 8.0% | 30.6% | — |
| UBER | Uber Technologies Inc. | 10M | 0.09% | $178.7B | 15.2x | 18.7x | 26.7% | 36.1% | 18.8% | — | — |
| MELI | Mercadolibre Inc. | 9M | 0.08% | $113.9B | 42.2x | 11.1x | 12.5% | 38.6% | 53.0% | 63.2% | — |
| IQV | IQVIA Holdings Inc. | 8M | 0.07% | $26.9B | 21.4x | 12.1x | 20.9% | 7.5% | 12.6% | — | — |
| OTIS | Otis Worldwide Corp. | 9M | 0.07% | $38.4B | 20.8x | 31.2x | 58.9% | 2.5% | 10.0% | — | — |
| XOM | Exxon Mobil Corp. | 8M | 0.07% | — | — | — | 11.1% | 13.2% | 7.1% | — | — |
| EPD | Enterprise Products Partners LP | 8M | 0.06% | $65.0B | — | 21.6x | — | 14.1% | 5.6% | — | — |
| SONY | Sony Group Corp. | 7M | 0.06% | $153.8B | 0.0x | -1.9x | 21.0% | 2.1% | 9.3% | — | — |
| CNI | Canadian Natl Railway Co. | 5M | 0.05% | $61.9B | 15.1x | 18.3x | — | 3.0% | 19.6% | — | — |
| EMN | Eastman Chemical | 6M | 0.05% | $8.8B | 18.1x | 19.4x | 8.0% | 0.7% | 4.8% | 21.1% | — |
| GHC | Graham Holdings Co. | 5M | 0.05% | — | 16.6x | 16.6x | 6.1% | 11.2% | 5.6% | — | — |
| KMX | CarMax Inc. | 6M | 0.05% | — | 24.0x | 18.6x | 1.1% | 6.4% | 4.8% | 10.8% | — |
| CP | Canadian Pacific Kansas City | 5M | 0.04% | $68.8B | 19.1x | 31.1x | 9.0% | 14.4% | 14.7% | — | — |
| ICE | Intercontinental Exchange Inc. | 5M | 0.04% | $100.0B | 26.5x | 23.1x | 11.5% | 8.9% | 33.9% | — | — |
| NSP | Insperity Inc. | 5M | 0.04% | — | -168.9x | -1.9x | -15.2% | 9.7% | -4.5% | 13.2% | — |
| UNH | United Health Group Inc. | 5M | 0.04% | $368.5B | 29.4x | 21.4x | 12.0% | 11.7% | 3.6% | — | — |
| BC | Brunswick Corp. | 4M | 0.03% | — | -38.9x | 18.2x | -3.7% | 4.3% | 7.4% | — | — |
| MGM | MGM Resorts International | 3M | 0.03% | — | 50.5x | 10.1x | 2.4% | 27.7% | 8.3% | — | — |
| WRB | W.R. Berkley Corp. | 4M | 0.03% | — | — | — | 18.3% | 12.7% | 24.4% | — | — |
| AYI | Acuity Brands Inc. | 3M | 0.02% | — | 23.0x | 16.3x | 14.6% | 5.5% | 12.3% | 47.8% | — |
| DPZ | Dominos Pizza Inc. | 2M | 0.02% | $16.4B | 18.0x | 24.2x | — | 3.7% | 13.6% | 40.0% | — |
| EXP | Eagle Materials Inc. | 3M | 0.02% | — | 15.2x | 40.0x | 13.0% | 7.3% | 8.6% | 28.3% | — |
| SYY | Sysco Corp. | 2M | 0.02% | — | 20.5x | 22.6x | 99.9% | 9.0% | 2.0% | 18.4% | — |
| BRO | Brown & Brown Inc. | 913K | 0.01% | — | 18.3x | 17.8x | 5.2% | 17.7% | 23.4% | — | — |
| WY | Weyerhaeuser Co. | 428K | 0.00% | — | — | — | 2.2% | -1.7% | 8.1% | 14.8% | — |