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 |
ESAB
ESAB
|
+$18.3M |
| 2 |
Netflix
NFLX
|
+$9.53M |
| 3 |
Watsco Inc
WSO
|
+$6.58M |
| 4 |
SEI Investments
SEIC
|
+$6.41M |
| 5 |
Cable One
CABO
|
+$6.36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Enovis
ENOV
|
+$18.1M |
| 2 |
Equifax
EFX
|
+$11.1M |
| 3 |
Ecolab
ECL
|
+$5.8M |
| 4 |
Y
Alleghany Corp
Y
|
+$3.67M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 42.06% |
| 2 | Industrials | 12.14% |
| 3 | Consumer Discretionary | 11.34% |
| 4 | Communication Services | 9.89% |
| 5 | Technology | 9.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
HEICO Corp Class A
HEI.A
$36.5B
| $36.2M | 0.52% |
343,144
| – | – |
|
52
T. Rowe Price
TROW
$23.8B
| $35.7M | 0.51% |
314,000
| – | – |
|
|
ATVI
53
DELISTED
Activision Blizzard
ATVI
| $35.3M | 0.5% |
453,600
| – | – |
|
54
3M
MMM
$92.3B
| $34.9M | 0.5% |
322,621
| – | – |
|
55
Hagerty
HGTY
$1.34B
| $34.5M | 0.49% |
3,000,000
| – | – |
|
|
ITIC
56
Investors Title Co
ITIC
$546M
| $33.5M | 0.48% |
213,300
| – | – |
|
57
Brown-Forman Class B
BF.B
$13.1B
| $33.3M | 0.48% |
474,187
| – | – |
|
58
Tyson Foods
TSN
$20.6B
| $33.1M | 0.47% |
384,500
| – | – |
|
59
Rockwell Automation
ROK
$48.5B
| $30.9M | 0.44% |
154,900
+2,000
| +1% | +$452K |
|
60
CVS Health
CVS
$119B
| $30.8M | 0.44% |
332,000
| – | – |
|
|
61
SEI Investments
SEIC
$13.1B
| $30.2M | 0.43% |
559,200
+114,000
| +26% | +$6.41M |
|
62
Meta Platforms (Facebook)
META
$1.4T
| $29.7M | 0.42% |
184,029
+20,629
| +13% | +$3.98M |
|
|
SRCL
63
DELISTED
Stericycle Inc
SRCL
| $28.8M | 0.41% |
656,700
+25,000
| +4% | +$1.24M |
|
64
Comcast
CMCSA
$95.3B
| $28.4M | 0.41% |
724,912
+94,300
| +15% | +$4.04M |
|
65
Linde
LIN
$225B
| $27.1M | 0.39% |
94,400
| – | – |
|
66
JPMorgan Chase
JPM
$935B
| $24.4M | 0.35% |
216,550
| – | – |
|
|
LBRDA
67
DELISTED
Liberty Broadband Class A
LBRDA
| $23.3M | 0.33% |
205,250
| – | – |
|
68
RTX Corp
RTX
$283B
| $21.5M | 0.31% |
224,000
| – | – |
|
69
Sherwin-Williams
SHW
$84.1B
| $21.1M | 0.3% |
94,172
| – | – |
|
70
Healthcare Services Group
HCSG
$1.56B
| $20.9M | 0.3% |
1,200,500
| – | – |
|
|
71
Enovis
ENOV
$1.5B
| $20.8M | 0.3% |
378,356
-281,120
| -43% | -$18.1M |
|
|
LBRDK
72
DELISTED
Liberty Broadband Class C
LBRDK
| $19.9M | 0.28% |
172,113
| – | – |
|
|
LSXMK
73
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $18.8M | 0.27% |
673,902
| – | – |
|
74
Costco
COST
$420B
| $18.8M | 0.27% |
39,150
| – | – |
|
75
Aon
AON
$75.3B
| $18.6M | 0.27% |
69,000
+4,050
| +6% | +$1.16M |
|
Similar funds
Tom Gayner's Q2 2022 Portfolio in Review
As of Q2 2022, Tom Gayner held 132 positions worth $6.99B, down 17% from $8.43B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Tom Gayner's Q2 2022 filing shows 6 new, 45 increased, 3 reduced and 1 closed positions. Its largest new stake was ESAB: 378,356 shares worth $16.6M. The largest sale was Enovis, an estimated $18.1M.
By sector, the portfolio is most concentrated in Financials at 42% of assets, down from 43% a quarter earlier, followed by Industrials and Consumer Discretionary.
- Tom Gayner's largest Q2 2022 buy was ESAB: 378,356 shares worth $16.6M.
- Tom Gayner added most to Watsco Inc in Q2 2022, an estimated $6.58M increase.
- Tom Gayner's biggest Q2 2022 reduction was Enovis, cutting an estimated $18.1M.
- Tom Gayner fully exited Alleghany Corp in Q2 2022, selling an estimated $3.67M.
- Tom Gayner's ten largest holdings make up 41% of its $6.99B portfolio in Q2 2022.
- Tom Gayner opened 6 new positions and closed 1 in Q2 2022.
- Tom Gayner's portfolio value fell 17% quarter-over-quarter to $6.99B.
Based on Markel Group's 13F filing for Q2 2022, filed 5 Aug 2022.