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 |
Brookfield Asset Management
BAM
|
+$66M |
| 2 |
Lockheed Martin
LMT
|
+$21.1M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$12.4M |
| 4 |
Cable One
CABO
|
+$11.2M |
| 5 |
Watsco Inc
WSO
|
+$9.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Brookfield
BN
|
+$69.5M |
| 2 |
Regeneron Pharmaceuticals
REGN
|
+$36.7M |
| 3 |
Texas Pacific Land
TPL
|
+$14M |
| 4 |
Enovis
ENOV
|
+$10.3M |
| 5 |
Trupanion
TRUP
|
+$1.27M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 42.31% |
| 2 | Industrials | 14.42% |
| 3 | Consumer Discretionary | 11.33% |
| 4 | Technology | 9.65% |
| 5 | Communication Services | 8.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Rockwell Automation
ROK
$48.5B
| $39.9M | 0.53% |
154,900
| – | – |
|
52
Carlyle Group
CG
$17.6B
| $39.6M | 0.53% |
1,327,000
+20,000
| +2% | +$571K |
|
53
3M
MMM
$92.3B
| $34.5M | 0.46% |
344,149
+21,528
| +7% | +$2.2M |
|
54
SEI Investments
SEIC
$13.1B
| $34.4M | 0.46% |
589,200
+30,000
| +5% | +$1.69M |
|
55
T. Rowe Price
TROW
$23.8B
| $34.2M | 0.46% |
314,000
| – | – |
|
|
SRCL
56
DELISTED
Stericycle Inc
SRCL
| $33.5M | 0.45% |
671,071
+2,371
| +0.4% | +$113K |
|
57
Alphabet (Google) Class A
GOOGL
$4.22T
| $32.9M | 0.44% |
373,000
+16,500
| +5% | +$1.57M |
|
58
Comcast
CMCSA
$95.3B
| $32.5M | 0.44% |
930,572
+103,763
| +13% | +$3.43M |
|
59
Linde
LIN
$225B
| $32.1M | 0.43% |
98,400
+4,000
| +4% | +$1.25M |
|
|
ITIC
60
Investors Title Co
ITIC
$546M
| $31.5M | 0.42% |
213,300
| – | – |
|
61
Brown-Forman Class B
BF.B
$13.1B
| $31.1M | 0.42% |
474,187
| – | – |
|
62
CVS Health
CVS
$119B
| $30.9M | 0.41% |
332,000
| – | – |
|
63
JPMorgan Chase
JPM
$935B
| $29M | 0.39% |
216,550
| – | – |
|
64
Meta Platforms (Facebook)
META
$1.4T
| $27.4M | 0.37% |
228,017
+30,236
| +15% | +$3.55M |
|
|
65
Lockheed Martin
LMT
$130B
| $27.4M | 0.37% |
56,363
+45,500
| +419% | +$21.1M |
|
66
Hagerty
HGTY
$1.34B
| $25.2M | 0.34% |
3,000,000
| – | – |
|
67
Tyson Foods
TSN
$20.6B
| $24.1M | 0.32% |
387,000
+2,500
| +0.7% | +$163K |
|
68
Aon
AON
$75.3B
| $24M | 0.32% |
80,050
+6,000
| +8% | +$1.75M |
|
69
RTX Corp
RTX
$283B
| $22.6M | 0.3% |
224,000
| – | – |
|
70
Sherwin-Williams
SHW
$84.1B
| $22.3M | 0.3% |
94,172
| – | – |
|
|
71
Regeneron Pharmaceuticals
REGN
$85.9B
| $22M | 0.3% |
30,500
-49,800
| -62% | -$36.7M |
|
|
LSXMK
72
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $20.4M | 0.27% |
673,902
| – | – |
|
|
73
Cable One
CABO
$129M
| $19M | 0.25% |
26,700
+15,000
| +128% | +$11.2M |
|
74
FedEx
FDX
$76.9B
| $18.5M | 0.25% |
107,000
+19,500
| +22% | +$3.24M |
|
75
Costco
COST
$420B
| $17.9M | 0.24% |
39,150
| – | – |
|
Similar funds
Tom Gayner's Q4 2022 Portfolio in Review
As of Q4 2022, Tom Gayner held 137 positions worth $7.46B, up 10% from $6.77B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Tom Gayner's Q4 2022 filing shows 6 new, 57 increased, 3 reduced and 3 closed positions. Its largest new stake was Brookfield Asset Management: 2,193,958 shares worth $62.9M. The largest sale was Brookfield, an estimated $69.5M.
By sector, the portfolio is most concentrated in Financials at 42% of assets, up from 41% a quarter earlier, followed by Industrials and Consumer Discretionary.
- Tom Gayner's largest Q4 2022 buy was Brookfield Asset Management: 2,193,958 shares worth $62.9M.
- Tom Gayner added most to Lockheed Martin in Q4 2022, an estimated $21.1M increase.
- Tom Gayner's biggest Q4 2022 reduction was Brookfield, cutting an estimated $69.5M.
- Tom Gayner fully exited Texas Pacific Land in Q4 2022, selling an estimated $14M.
- Tom Gayner's ten largest holdings make up 39% of its $7.46B portfolio in Q4 2022.
- Tom Gayner opened 6 new positions and closed 3 in Q4 2022.
- Tom Gayner's portfolio value rose 10% quarter-over-quarter to $7.46B.
Based on Markel Group's 13F filing for Q4 2022, filed 3 Feb 2023.