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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
+2.66%
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
$11.3B
AUM Growth
+$234M
Cap. Flow
+$88.1M
Cap. Flow %
0.78%
Top 10 Hldgs %
40.15%
Holding
137
New
5
Increased
43
Reduced
2
Closed
5

Top Buys

Rank Stock Value
1
RTX icon
RTX Corp
RTX
+$27.1M
2
FNV icon
Franco-Nevada
FNV
+$17M
3
ABNB icon
Airbnb
ABNB
+$13M
4
DG icon
Dollar General
DG
+$7.37M
5
YUM icon
Yum! Brands
YUM
+$6.63M

Top Sells

Rank Stock Value
1
WHR icon
Whirlpool
WHR
+$16.9M
2
AMT icon
American Tower
AMT
+$12.1M
3
CMCSA icon
Comcast
CMCSA
+$4.95M
4
CABO icon
Cable One
CABO
+$3.42M
5
DNB
Dun & Bradstreet
DNB
+$1.32M

Sector Composition

Rank Sector Weight
1 Financials 46.21%
2 Industrials 13.28%
3 Consumer Discretionary 11.96%
4 Communication Services 9.56%
5 Technology 9.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
URI icon
76
United Rentals
URI
$68.4B
$20.9M 0.18%
29,650
+3,700
+14% +$3.01M
CSCO icon
77
Cisco
CSCO
$438B
$20.2M 0.18%
342,000
– –
UNP icon
78
Union Pacific
UNP
$183B
$19.6M 0.17%
85,778
– –
APD icon
79
Air Products & Chemicals
APD
$67.9B
$18.7M 0.16%
64,500
+12,500
+24% +$3.93M
EFX icon
80
Equifax
EFX
$22.6B
$18.6M 0.16%
72,850
– –
CABO icon
81
Cable One
CABO
$129M
$18.4M 0.16%
50,900
-9,150
-15% -$3.42M
FERG icon
82
Ferguson
FERG
$46.9B
$18.4M 0.16%
106,000
+21,500
+25% +$4.27M
BF.B icon
83
Brown-Forman Class B
BF.B
$13.1B
$18M 0.16%
474,187
– –
TGT icon
84
Target
TGT
$75.1B
$18M 0.16%
133,000
– –
RNR icon
85
RenaissanceRe
RNR
$13.4B
$17.4M 0.15%
70,000
– –
HCA icon
86
HCA Healthcare
HCA
$92.9B
$17M 0.15%
56,580
+5,650
+11% +$1.97M
CHH icon
87
Choice Hotels
CHH
$4.93B
$16.4M 0.14%
115,500
– –
COF icon
88
Capital One
COF
$134B
$16.2M 0.14%
91,000
– –
CARR icon
89
Carrier Global
CARR
$49.8B
$16M 0.14%
235,000
– –
CCK icon
90
Crown Holdings
CCK
$13B
$15.7M 0.14%
189,500
– –
ABNB icon
91
Airbnb
ABNB
$110B
$15.2M 0.13%
115,310
+96,160
+502% +$13M
LAMR icon
92
Lamar Advertising Co
LAMR
$15.3B
$15.1M 0.13%
124,000
+13,000
+12% +$1.7M
PEP icon
93
PepsiCo
PEP
$196B
$14.6M 0.13%
96,210
– –
WFC icon
94
Wells Fargo
WFC
$254B
$14.4M 0.13%
204,450
– –
SEIC icon
95
SEI Investments
SEIC
$13.1B
$14.3M 0.13%
173,200
– –
PM icon
96
Philip Morris
PM
$293B
$13.8M 0.12%
114,500
– –
UNH icon
97
UnitedHealth
UNH
$350B
$13.5M 0.12%
26,714
+2,650
+11% +$1.51M
MAR icon
98
Marriott International
MAR
$92.9B
$13.1M 0.12%
47,000
+11,000
+31% +$3.02M
HXL icon
99
Hexcel
HXL
$7.1B
$11.9M 0.1%
189,000
– –
GPK icon
100
Graphic Packaging
GPK
$3.54B
$11.6M 0.1%
427,225
+32,500
+8% +$940K
2 3
4
5 6

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CRM
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Tom Gayner's Q4 2024 Portfolio in Review

As of Q4 2024, Tom Gayner held 137 positions worth $11.3B, up 2.1% from $11.1B the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Tom Gayner's Q4 2024 filing shows 5 new, 43 increased, 2 reduced and 5 closed positions. Its largest new stake was RTX Corp: 224,000 shares worth $25.9M. The largest sale was Whirlpool, an estimated $16.9M.

By sector, the portfolio is most concentrated in Financials at 46% of assets, up from 44% a quarter earlier, followed by Industrials and Consumer Discretionary.

  • Tom Gayner's largest Q4 2024 buy was RTX Corp: 224,000 shares worth $25.9M.
  • Tom Gayner added most to Franco-Nevada in Q4 2024, an estimated $17M increase.
  • Tom Gayner's biggest Q4 2024 reduction was Comcast, cutting an estimated $4.95M.
  • Tom Gayner fully exited Whirlpool in Q4 2024, selling an estimated $16.9M.
  • Tom Gayner's ten largest holdings make up 40% of its $11.3B portfolio in Q4 2024.
  • Tom Gayner opened 5 new positions and closed 5 in Q4 2024.
  • Tom Gayner's portfolio value rose 2.1% quarter-over-quarter to $11.3B.

Based on Markel Group's 13F filing for Q4 2024, filed 7 Feb 2025.