Tom Gayner’s Q4 2025 portfolio reflects a masterclass in long-term capital allocation, with total holdings valued at $12.54B across 128 positions. Berkshire Hathaway remains the cornerstone at 12.84%, followed by a significant 8.31% stake in Alphabet. The portfolio is well-diversified into industrial and financial giants like Brookfield (4.78%), Amazon (3.74%), and Deere & Company (3.26%). This strategy emphasizes high-conviction “compounding engines” that balance steady growth with tech dominance.
IANA expert, but shouldn’t investors spread their money? This looks like a lot of money put in a very local pool of companies.
The saying goes “Diversification is the only free lunch in investing,” especially for you and I, but a portfolio manager (professional) with strong convictions on individual stocks will forego that advantage for the chance at greater returns
that’s true, but ppl sometimes have reasons to focus on one stock, for example, if they need the voting rights to influence the company, if they have insider info, or take a managing position at the company to show they’re comitted to it.