# Lamar Advertising (LAMR): value investors who own it

2 value investors held Lamar Advertising in their Q3 2026 13F, led by Markel Group, Gardner Russo & Quinn.

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Markel Group | 0.2% | $30.1m | Unchanged | 26 |
| Gardner Russo & Quinn | 0.0% | $837k | Unchanged | 47 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-09-14 | REIFENHEISER THOMAS V | Director | Sold | 8099 | $1.2m |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/lamr). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.