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 |
Franco-Nevada
FNV
|
+$12.4M |
| 2 |
Yum! Brands
YUM
|
+$9.31M |
| 3 |
Deere & Co
DE
|
+$8.95M |
| 4 |
LPL Financial
LPLA
|
+$8.7M |
| 5 |
HCA Healthcare
HCA
|
+$5.79M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$22.5M |
| 2 |
Whirlpool
WHR
|
+$12.5M |
| 3 |
Equifax
EFX
|
+$7.05M |
| 4 |
EA
Electronic Arts
EA
|
+$6.94M |
| 5 |
Cracker Barrel
CBRL
|
+$4.68M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 44.29% |
| 2 | Industrials | 13.65% |
| 3 | Consumer Discretionary | 12.11% |
| 4 | Technology | 9.42% |
| 5 | Communication Services | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Accenture
ACN
$113B
| $56.3M | 0.51% |
159,400
| – | – |
|
52
Factset
FDS
$10.7B
| $53.7M | 0.48% |
116,720
| – | – |
|
53
FedEx
FDX
$76.9B
| $53.4M | 0.48% |
195,000
+14,000
| +8% | +$4.07M |
|
54
JPMorgan Chase
JPM
$935B
| $53.3M | 0.48% |
252,550
| – | – |
|
|
ITIC
55
Investors Title Co
ITIC
$546M
| $49M | 0.44% |
213,300
| – | – |
|
56
Tyson Foods
TSN
$20.6B
| $47M | 0.42% |
789,500
+4,000
| +0.5% | +$244K |
|
57
Comcast
CMCSA
$95.3B
| $45.2M | 0.41% |
1,081,241
| – | – |
|
|
58
Franco-Nevada
FNV
$51.3B
| $42.9M | 0.39% |
345,500
+100,500
| +41% | +$12.4M |
|
59
Rockwell Automation
ROK
$48.5B
| $41.6M | 0.37% |
154,900
| – | – |
|
60
Aon
AON
$75.3B
| $41.6M | 0.37% |
120,150
+6,200
| +5% | +$2.03M |
|
61
Brown-Forman Class A
BF.A
$13.3B
| $40.5M | 0.36% |
843,000
| – | – |
|
62
3M
MMM
$92.3B
| $40.2M | 0.36% |
293,750
| – | – |
|
63
Verisk Analytics
VRSK
$24.4B
| $38.8M | 0.35% |
144,950
+11,250
| +8% | +$3.05M |
|
64
Nike
NKE
$60.5B
| $37.9M | 0.34% |
428,900
+40,000
| +10% | +$3.14M |
|
65
Hanover Insurance
THG
$7.77B
| $37.6M | 0.34% |
254,000
+14,000
| +6% | +$1.92M |
|
66
Sherwin-Williams
SHW
$84.1B
| $35.9M | 0.32% |
94,172
| – | – |
|
67
Costco
COST
$420B
| $34.7M | 0.31% |
39,150
| – | – |
|
68
T. Rowe Price
TROW
$23.8B
| $34.2M | 0.31% |
314,000
| – | – |
|
69
Lockheed Martin
LMT
$130B
| $32.9M | 0.3% |
56,363
| – | – |
|
70
Hagerty
HGTY
$1.34B
| $30.5M | 0.27% |
3,000,000
| – | – |
|
71
Allstate
ALL
$64.2B
| $29.3M | 0.26% |
154,550
| – | – |
|
|
72
Brown-Forman Class B
BF.B
$13.1B
| $23.3M | 0.21% |
474,187
| – | – |
|
73
Thermo Fisher Scientific
TMO
$233B
| $21.9M | 0.2% |
35,400
+6,000
| +20% | +$3.55M |
|
|
74
Yum! Brands
YUM
$41.8B
| $21.9M | 0.2% |
156,502
+70,000
| +81% | +$9.31M |
|
|
75
Equifax
EFX
$22.6B
| $21.4M | 0.19% |
72,850
-25,000
| -26% | -$7.05M |
|
Similar funds
Tom Gayner's Q3 2024 Portfolio in Review
As of Q3 2024, Tom Gayner held 139 positions worth $11.1B, up 9.3% from $10.2B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Tom Gayner's Q3 2024 filing shows 5 new, 37 increased, 4 reduced and 7 closed positions. Its largest new stake was Airbnb: 19,150 shares worth $2.43M. The largest sale was RTX Corp, an estimated $22.5M.
By sector, the portfolio is most concentrated in Financials at 44% of assets, up from 43% a quarter earlier, followed by Industrials and Consumer Discretionary.
- Tom Gayner's largest Q3 2024 buy was Airbnb: 19,150 shares worth $2.43M.
- Tom Gayner added most to Franco-Nevada in Q3 2024, an estimated $12.4M increase.
- Tom Gayner's biggest Q3 2024 reduction was Whirlpool, cutting an estimated $12.5M.
- Tom Gayner fully exited RTX Corp in Q3 2024, selling an estimated $22.5M.
- Tom Gayner's ten largest holdings make up 39% of its $11.1B portfolio in Q3 2024.
- Tom Gayner opened 5 new positions and closed 7 in Q3 2024.
- Tom Gayner's portfolio value rose 9.3% quarter-over-quarter to $11.1B.
Based on Markel Group's 13F filing for Q3 2024, filed 1 Nov 2024.