Tom Gayner Markel Group
Tom Gayner is the CEO of Markel Group and long-time steward of its public equity portfolio. Often compared to a smaller-scale Berkshire-style model, Markel combines insurance operations with a carefully selected book of common stocks. Gayner is known for a patient, owner-oriented philosophy and for writing clearly about compounding, culture, and long-term business ownership.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Regeneron Pharmaceuticals
REGN
|
+$10.8M |
| 2 |
Texas Pacific Land
TPL
|
+$7.05M |
| 3 |
BNT
Brookfield Wealth Solutions
BNT
|
+$3.43M |
| 4 |
MACOM Technology Solutions
MTSI
|
+$3.42M |
| 5 |
Marvell Technology
MRVL
|
+$3.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EA
Electronic Arts
EA
|
+$17.1M |
| 2 |
Brookfield
BN
|
+$2.57M |
| 3 |
PPLI
People Inc
PPLI
|
+$76.3K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.56% |
| 2 | Consumer Discretionary | 13.65% |
| 3 | Industrials | 11.93% |
| 4 | Communication Services | 11.51% |
| 5 | Technology | 9.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
American Express
AXP
$230B
| $80M | 1.01% |
484,250
+100
| +0% | +$15.7K |
|
|
SCHW
27
Charles Schwab
SCHW
$196B
| $79.7M | 1.01% |
1,095,300
| – | – |
|
28
Moody's
MCO
$87.8B
| $76.5M | 0.97% |
211,240
| – | – |
|
29
Mastercard
MA
$522B
| $75.8M | 0.96% |
207,540
+100
| +0% | +$37.2K |
|
30
Illinois Tool Works
ITW
$80.6B
| $73.2M | 0.93% |
327,500
| – | – |
|
31
MSCI
MSCI
$41.4B
| $73M | 0.92% |
137,000
| – | – |
|
32
General Dynamics
GD
$104B
| $72.9M | 0.92% |
387,000
| – | – |
|
33
Progressive
PGR
$130B
| $68.1M | 0.86% |
693,300
+1,200
| +0.2% | +$119K |
|
34
Ecolab
ECL
$80.1B
| $63.7M | 0.81% |
309,300
| – | – |
|
35
Apollo Global Management
APO
$78.6B
| $63M | 0.8% |
1,012,500
| – | – |
|
36
Caterpillar
CAT
$372B
| $62.6M | 0.79% |
287,500
| – | – |
|
37
T. Rowe Price
TROW
$23.9B
| $62.2M | 0.79% |
314,000
| – | – |
|
38
S&P Global
SPGI
$128B
| $61M | 0.77% |
148,540
+300
| +0.2% | +$115K |
|
39
Norfolk Southern
NSC
$78.8B
| $60.9M | 0.77% |
229,500
| – | – |
|
40
Whirlpool
WHR
$2.61B
| $60.4M | 0.76% |
276,849
+2,800
| +1% | +$652K |
|
41
Brown-Forman Class A
BF.A
$13.6B
| $59.4M | 0.75% |
843,000
| – | – |
|
42
Starbucks
SBUX
$123B
| $59.1M | 0.75% |
528,318
+500
| +0.1% | +$56.5K |
|
43
Carlyle Group
CG
$17.5B
| $56.9M | 0.72% |
1,224,000
+2,000
| +0.2% | +$85.1K |
|
44
Nike
NKE
$60.7B
| $56.5M | 0.72% |
366,000
| – | – |
|
45
Enovis
ENOV
$1.49B
| $52M | 0.66% |
659,476
| – | – |
|
46
Meta Platforms (Facebook)
META
$1.42T
| $51.4M | 0.65% |
147,803
+1,160
| +0.8% | +$372K |
|
47
3M
MMM
$92.4B
| $47.8M | 0.61% |
287,877
+3,109
| +1% | +$519K |
|
48
NVR
NVR
$17B
| $47.4M | 0.6% |
9,539
+8
| +0.1% | +$38.9K |
|
49
Accenture
ACN
$114B
| $47M | 0.59% |
159,400
| – | – |
|
50
HEICO Corp Class A
HEI.A
$36.2B
| $42.6M | 0.54% |
343,144
| – | – |
|
Similar funds
Tom Gayner's Q2 2021 Portfolio in Review
As of Q2 2021, Tom Gayner held 126 positions worth $7.9B, up 9.3% from $7.23B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Tom Gayner's Q2 2021 filing shows 8 new, 34 increased, 2 reduced and 1 closed positions. Its largest new stake was Texas Pacific Land: 40,500 shares worth $7.2M. The largest sale was Electronic Arts, an estimated $17.1M.
By sector, the portfolio is most concentrated in Financials at 41% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Tom Gayner's largest Q2 2021 buy was Texas Pacific Land: 40,500 shares worth $7.2M.
- Tom Gayner added most to Regeneron Pharmaceuticals in Q2 2021, an estimated $10.8M increase.
- Tom Gayner's biggest Q2 2021 reduction was Brookfield, cutting an estimated $2.57M.
- Tom Gayner fully exited Electronic Arts in Q2 2021, selling an estimated $17.1M.
- Tom Gayner's ten largest holdings make up 43% of its $7.9B portfolio in Q2 2021.
- Tom Gayner opened 8 new positions and closed 1 in Q2 2021.
- Tom Gayner's portfolio value rose 9.3% quarter-over-quarter to $7.9B.
Based on Markel Group's 13F filing for Q2 2021, filed 6 Aug 2021.