We are live on ! Find out more
TG

Tom Gayner Markel Group

AUM $13.1B
1-Year Est. Return 15.62%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+11.52%
1 Year Est. Return
+15.62%
3 Year Est. Return
+68.04%
5 Year Est. Return
+83.51%
10 Year Est. Return
+378.4%
AUM
$9.2B
AUM Growth
+$915M
Cap. Flow
+$26.5M
Cap. Flow %
0.29%
Top 10 Hldgs %
38.8%
Holding
135
New
2
Increased
43
Reduced
2
Closed
7

Top Buys

Rank Stock Value
1
LPLA icon
LPL Financial
LPLA
+$28.1M
2
DE icon
Deere & Co
DE
+$14.7M
3
DG icon
Dollar General
DG
+$7.76M
4
ADI icon
Analog Devices
ADI
+$6.3M
5
TSN icon
Tyson Foods
TSN
+$5.83M

Top Sells

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$60.9M
2
LBRDA
Liberty Broadband Class A
LBRDA
+$17.9M
3
LBRDK
Liberty Broadband Class C
LBRDK
+$13.7M
4
BNY
Bank of New York Mellon
BNY
+$11.2M
5
VNT icon
Vontier
VNT
+$3.43M

Sector Composition

Rank Sector Weight
1 Financials 42.83%
2 Industrials 14.19%
3 Consumer Discretionary 11.89%
4 Technology 9.68%
5 Communication Services 9.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ALL icon
76
Allstate
ALL
$64.2B
$21.6M 0.24%
154,550
+13,000
+9% +$1.7M
UNP icon
77
Union Pacific
UNP
$183B
$21.1M 0.23%
85,778
– –
RTX icon
78
RTX Corp
RTX
$283B
$18.8M 0.2%
224,000
– –
PAYX icon
79
Paychex
PAYX
$44.3B
$17.9M 0.19%
150,000
– –
CCK icon
80
Crown Holdings
CCK
$13B
$17.5M 0.19%
189,500
– –
CSCO icon
81
Cisco
CSCO
$438B
$17.3M 0.19%
342,000
– –
TGT icon
82
Target
TGT
$75.1B
$17.2M 0.19%
121,000
+38,000
+46% +$4.64M
PEP icon
83
PepsiCo
PEP
$196B
$16.3M 0.18%
96,210
– –
HXL icon
84
Hexcel
HXL
$7.1B
$13.9M 0.15%
189,000
– –
CARR icon
85
Carrier Global
CARR
$49.8B
$13.5M 0.15%
235,000
– –
CE icon
86
Celanese
CE
$5.14B
$12.1M 0.13%
77,800
+1,000
+1% +$130K
COF icon
87
Capital One
COF
$134B
$11.9M 0.13%
91,000
+1,000
+1% +$108K
RNR icon
88
RenaissanceRe
RNR
$13.4B
$11.9M 0.13%
60,500
+11,500
+23% +$2.39M
IQV icon
89
IQVIA
IQV
$42.8B
$11.7M 0.13%
50,626
+6,800
+16% +$1.4M
AMT icon
90
American Tower
AMT
$81.9B
$11.2M 0.12%
51,910
– –
EA
91
DELISTED
Electronic Arts
EA
$11.1M 0.12%
80,800
– –
SEIC icon
92
SEI Investments
SEIC
$13.1B
$11M 0.12%
173,200
– –
PM icon
93
Philip Morris
PM
$293B
$10.8M 0.12%
114,500
– –
TMO icon
94
Thermo Fisher Scientific
TMO
$233B
$10.4M 0.11%
19,600
+6,000
+44% +$2.9M
OTIS icon
95
Otis Worldwide
OTIS
$27.2B
$10.3M 0.11%
114,620
– –
WFC icon
96
Wells Fargo
WFC
$254B
$10.1M 0.11%
204,450
– –
SMG icon
97
ScottsMiracle-Gro
SMG
$3.55B
$9.95M 0.11%
156,000
– –
CBRL icon
98
Cracker Barrel
CBRL
$1.29B
$8.56M 0.09%
111,000
– –
KMX icon
99
CarMax
KMX
$8.82B
$8.48M 0.09%
110,500
+26,500
+32% +$1.78M
SHOP icon
100
Shopify
SHOP
$192B
$8M 0.09%
102,750
– –
2 3
4
5 6

Similar funds

BTW
Boston Trust Walden Boston, Massachusetts $13.1B AUM 24.63% 1-Year Est. Return
GLA
Great Lakes Advisors Chicago, Illinois $13.1B AUM 34.09% 1-Year Est. Return
VLKIM
Van Lanschot Kempen Investment Management Amsterdam, Netherlands $13.1B AUM 19.56% 1-Year Est. Return
BCI
Brinker Capital Investments Berwyn, Pennsylvania $13.1B AUM 28.37% 1-Year Est. Return
EIG
EdgePoint Investment Group Toronto, Ontario, Canada $13.2B AUM 32.43% 1-Year Est. Return
PCM
Penserra Capital Management Orinda, California $13B AUM 71.84% 1-Year Est. Return
WHG
Westwood Holdings Group Dallas, Texas $13.3B AUM 29.38% 1-Year Est. Return
CRM
Cardano Risk Management Rotterdam, Netherlands $13B AUM 49.44% 1-Year Est. Return

Tom Gayner's Q4 2023 Portfolio in Review

As of Q4 2023, Tom Gayner held 135 positions worth $9.2B, up 11% from $8.28B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Tom Gayner's Q4 2023 filing shows 2 new, 43 increased, 2 reduced and 7 closed positions. Its largest new stake was Graphic Packaging: 121,601 shares worth $3M. The largest sale was Activision Blizzard, an estimated $60.9M.

By sector, the portfolio is most concentrated in Financials at 43% of assets, up from 42% a quarter earlier, followed by Industrials and Consumer Discretionary.

  • Tom Gayner's largest Q4 2023 buy was Graphic Packaging: 121,601 shares worth $3M.
  • Tom Gayner added most to LPL Financial in Q4 2023, an estimated $28.1M increase.
  • Tom Gayner's biggest Q4 2023 reduction was Bank of New York Mellon, cutting an estimated $11.2M.
  • Tom Gayner fully exited Activision Blizzard in Q4 2023, selling an estimated $60.9M.
  • Tom Gayner's ten largest holdings make up 39% of its $9.2B portfolio in Q4 2023.
  • Tom Gayner opened 2 new positions and closed 7 in Q4 2023.
  • Tom Gayner's portfolio value rose 11% quarter-over-quarter to $9.2B.

Based on Markel Group's 13F filing for Q4 2023, filed 2 Feb 2024.