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 |
Dollar General
DG
|
+$11.9M |
| 2 |
FedEx
FDX
|
+$9.63M |
| 3 |
Allstate
ALL
|
+$9.57M |
| 4 |
Hanover Insurance
THG
|
+$6.57M |
| 5 |
Walt Disney
DIS
|
+$6.14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mohawk Industries
MHK
|
+$40.3M |
| 2 |
Albemarle
ALB
|
+$17.8M |
| 3 |
Microchip Technology
MCHP
|
+$9.75M |
| 4 |
Shake Shack
SHAK
|
+$2.21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 42.72% |
| 2 | Industrials | 12.36% |
| 3 | Consumer Discretionary | 11.56% |
| 4 | Communication Services | 10.28% |
| 5 | Technology | 9.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ITIC
51
Investors Title Co
ITIC
$546M
| $43.3M | 0.51% |
213,300
| – | – |
|
52
Alphabet (Google) Class A
GOOGL
$4.22T
| $43.1M | 0.51% |
310,000
+45,000
| +17% | +$6.11M |
|
53
Rockwell Automation
ROK
$48.5B
| $42.8M | 0.51% |
152,900
+2,000
| +1% | +$575K |
|
54
NVR
NVR
$16.9B
| $42.6M | 0.51% |
9,539
| – | – |
|
55
3M
MMM
$92.3B
| $40.2M | 0.48% |
322,621
+19,794
| +7% | +$2.63M |
|
|
SRCL
56
DELISTED
Stericycle Inc
SRCL
| $37.2M | 0.44% |
631,700
+38,000
| +6% | +$2.2M |
|
|
ATVI
57
DELISTED
Activision Blizzard
ATVI
| $36.3M | 0.43% |
453,600
| – | – |
|
58
Meta Platforms (Facebook)
META
$1.4T
| $36.3M | 0.43% |
163,400
+15,597
| +11% | +$3.9M |
|
59
Tyson Foods
TSN
$20.6B
| $34.5M | 0.41% |
384,500
+8,000
| +2% | +$729K |
|
60
CVS Health
CVS
$119B
| $33.6M | 0.4% |
332,000
| – | – |
|
61
Hagerty
HGTY
$1.34B
| $32.4M | 0.38% |
3,000,000
| – | – |
|
62
Brown-Forman Class B
BF.B
$13.1B
| $31.8M | 0.38% |
474,187
| – | – |
|
63
Linde
LIN
$225B
| $30.2M | 0.36% |
94,400
| – | – |
|
64
Equifax
EFX
$22.6B
| $29.7M | 0.35% |
125,150
+3,050
| +2% | +$719K |
|
65
Comcast
CMCSA
$95.3B
| $29.5M | 0.35% |
630,612
+98,332
| +18% | +$4.74M |
|
66
JPMorgan Chase
JPM
$935B
| $29.5M | 0.35% |
216,550
| – | – |
|
|
67
Dollar General
DG
$27.2B
| $28M | 0.33% |
125,750
+56,000
| +80% | +$11.9M |
|
|
LBRDA
68
DELISTED
Liberty Broadband Class A
LBRDA
| $26.9M | 0.32% |
205,250
| – | – |
|
69
SEI Investments
SEIC
$13.1B
| $26.8M | 0.32% |
445,200
+14,000
| +3% | +$833K |
|
|
LSXMK
70
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $23.9M | 0.28% |
673,902
| – | – |
|
71
Sherwin-Williams
SHW
$84.1B
| $23.5M | 0.28% |
94,172
| – | – |
|
72
Union Pacific
UNP
$183B
| $23.4M | 0.28% |
85,778
| – | – |
|
|
LBRDK
73
DELISTED
Liberty Broadband Class C
LBRDK
| $23.3M | 0.28% |
172,113
| – | – |
|
74
Costco
COST
$420B
| $22.5M | 0.27% |
39,150
| – | – |
|
75
Healthcare Services Group
HCSG
$1.56B
| $22.3M | 0.26% |
1,200,500
+72,000
| +6% | +$1.24M |
|
Similar funds
Tom Gayner's Q1 2022 Portfolio in Review
As of Q1 2022, Tom Gayner held 130 positions worth $8.43B, down 3.5% from $8.74B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Tom Gayner's Q1 2022 filing shows 10 new, 37 increased and 4 closed positions. Its largest new stake was Hanover Insurance: 47,000 shares worth $7.03M. The largest sale was Mohawk Industries, an estimated $40.3M.
By sector, the portfolio is most concentrated in Financials at 43% of assets, up from 41% a quarter earlier, followed by Industrials and Consumer Discretionary.
- Tom Gayner's largest Q1 2022 buy was Hanover Insurance: 47,000 shares worth $7.03M.
- Tom Gayner added most to Dollar General in Q1 2022, an estimated $11.9M increase.
- Tom Gayner fully exited Mohawk Industries in Q1 2022, selling an estimated $40.3M.
- Tom Gayner's ten largest holdings make up 44% of its $8.43B portfolio in Q1 2022.
- Tom Gayner opened 10 new positions and closed 4 in Q1 2022.
- Tom Gayner's portfolio value fell 3.5% quarter-over-quarter to $8.43B.
Based on Markel Group's 13F filing for Q1 2022, filed 29 Apr 2022.