Thomas Gayner - Markel Group Inc.
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    129
Portfolio value:    $11,938,885,174
Holdings Activity Buys Sells    History
Holding/activity history for  Paychex Inc. (PAYX)
Period Shares % of Portfolio Activity % Change to Portfolio Reported Price Value Filing
2026   Q1 150,000 0.12 $92.12 $13,818,000 SEC
2025   Q4 150,000 0.13 $112.18 $16,827,000 SEC
2025   Q3 150,000 0.15 $126.76 $19,014,000 SEC
2025   Q2 150,000 0.18 $145.46 $21,819,000 SEC
2025   Q1 150,000 0.21 $154.28 $23,142,000 SEC
2024   Q4 150,000 0.19 $140.22 $21,033,000 SEC
2024   Q3 150,000 0.18 $134.19 $20,128,500 SEC
2024   Q2 150,000 0.17 $118.56 $17,784,000 SEC
2024   Q1 150,000 0.18 $122.80 $18,420,000 SEC
2023   Q4 150,000 0.19 $119.11 $17,866,500 SEC
2023   Q3 150,000 0.21 $115.33 $17,299,500 SEC
2023   Q2 150,000 0.20 $111.87 $16,780,500 SEC
2023   Q1 150,000 0.22 $114.59 $17,188,500 SEC
2022   Q4 150,000 0.23 $115.56 $17,334,000 SEC
2022   Q3 150,000 0.25 $112.21 $16,832,000 SEC
2022   Q2 150,000 0.25 $113.87 $17,080,000 SEC
2022   Q1 150,000 0.25 $136.47 $20,471,000 SEC
2021   Q4 150,000 0.24 $136.50 $20,475,000 SEC
2021   Q3 150,000 0.21 $112.45 $16,868,000 SEC
2021   Q2 150,000 0.21 $107.30 $16,095,000 SEC
2021   Q1 150,000 0.20 $98.02 $14,703,000 SEC
2020   Q4 150,000 0.21 $93.18 $13,977,000 SEC
2020   Q3 150,000 0.20 $79.77 $11,966,000 SEC
2020   Q2 150,000 0.21 $75.75 $11,362,000 SEC
2020   Q1 150,000 0.18 $62.92 $9,438,000 SEC
2019   Q4 150,000 0.18 $85.06 $12,759,000 SEC
2019   Q3 150,000 0.19 $82.77 $12,416,000 SEC
2019   Q2 150,000 0.19 $82.29 $12,343,000 SEC
2019   Q1 150,000 0.20 $80.20 $12,030,000 SEC
2018   Q4 150,000 0.19 $65.15 $9,772,000 SEC
2018   Q3 150,000 0.19 $73.65 $11,047,000 SEC
2018   Q2 150,000 0.19 $68.35 $10,252,000 SEC
2018   Q1 150,000 0.18 $61.59 $9,238,000 SEC
2017   Q4 150,000 0.20 $68.08 $10,212,000 SEC
2017   Q3 150,000 0.18 $59.96 $8,994,000 SEC
2017   Q2 150,000 0.19 $56.94 $8,541,000 SEC
2017   Q1 150,000 0.20 $58.90 $8,835,000 SEC
2016   Q4 150,000 0.22 $60.88 $9,132,000 SEC
2016   Q3 150,000 0.23 $57.87 $8,681,000 SEC
2016   Q2 150,000 0.24 $59.50 $8,925,000 SEC
2016   Q1 150,000 0.22 $54.01 $8,101,000 SEC
2015   Q4 150,000 0.22 $52.89 $7,933,000 SEC
2015   Q3 150,000 0.19 $47.63 $7,144,000 SEC
2015   Q2 150,000 0.18 $46.88 $7,032,000 SEC
2015   Q1 150,000 0.19 $49.61 $7,442,000 SEC
2014   Q4 150,000 0.18 $46.17 $6,925,000 SEC
2014   Q3 150,000 0.19 $44.20 $6,630,000 SEC
2014   Q2 150,000 0.19 $41.56 $6,234,000 SEC
2014   Q1 150,000 0.20 Reduce 0.60% <0.01 $42.60 $6,390,000 SEC
2013   Q4 150,900 0.22 $45.53 $6,870,000 SEC
2013   Q3 150,900 0.22 $40.64 $6,133,000 SEC
2013   Q2 150,900 0.21 $36.51 $5,509,000 SEC
2013   Q1 150,900 0.21 $35.06 $5,291,000 SEC
2012   Q4 150,900 0.21 $31.10 $4,693,000 SEC
2012   Q3 150,900 0.24 $33.29 $5,023,000 SEC
2012   Q2 150,900 0.24 $31.41 $4,740,000 SEC
2012   Q1 150,900 0.23 Add 3.43% <0.01 $30.99 $4,676,000 SEC
2011   Q4 145,900 0.25 Add 186.64% 0.16 $30.11 $4,393,000 SEC
2011   Q3 50,900 0.09 $26.37 $1,342,000 SEC
2011   Q2 50,900 0.09 $30.73 $1,564,000 SEC
2011   Q1 50,900 0.09 $31.38 $1,597,000 SEC
2010   Q4 50,900 0.09 $30.90 $1,573,000 SEC
2010   Q3 50,900 0.09 $27.49 $1,399,000 SEC
2010   Q2 50,900 0.10 $25.97 $1,322,000 SEC
2010   Q1 50,900 0.11 $30.73 $1,564,000 SEC
2009   Q4 50,900 0.11 Buy 0.11 $30.65 $1,560,000 SEC