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 |
Regeneron Pharmaceuticals
REGN
|
+$10.8M |
| 2 |
Texas Pacific Land
TPL
|
+$7.05M |
| 3 |
BNT
Brookfield Wealth Solutions
BNT
|
+$3.43M |
| 4 |
MACOM Technology Solutions
MTSI
|
+$3.42M |
| 5 |
Marvell Technology
MRVL
|
+$3.37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EA
Electronic Arts
EA
|
+$17.1M |
| 2 |
Brookfield
BN
|
+$2.57M |
| 3 |
PPLI
People Inc
PPLI
|
+$76.3K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 40.56% |
| 2 | Consumer Discretionary | 13.65% |
| 3 | Industrials | 11.93% |
| 4 | Communication Services | 11.51% |
| 5 | Technology | 9.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Ball Corp
BALL
$16.8B
| $3.73M | 0.05% |
46,000
| – | – |
|
102
Graham Holdings Company
GHC
$4.94B
| $3.3M | 0.04% |
5,200
| – | – |
|
103
Shake Shack
SHAK
$3.06B
| $3.27M | 0.04% |
30,600
| – | – |
|
|
BNT
104
Brookfield Wealth Solutions
BNT
$12.4B
| $3.13M | 0.04% |
+90,153
| New | +$3.43M |
|
|
Y
105
DELISTED
Alleghany Corp
Y
| $2.89M | 0.04% |
4,328
| – | – |
|
106
W.R. Berkley
WRB
$25.5B
| $2.01M | 0.03% |
60,750
| – | – |
|
107
O-I Glass
OI
$1.1B
| $1.96M | 0.02% |
120,000
| – | – |
|
108
Illumina
ILMN
$33.1B
| $1.89M | 0.02% |
4,112
| – | – |
|
109
Citigroup
C
$221B
| $1.49M | 0.02% |
21,020
+400
| +2% | +$29.6K |
|
110
Eastman Chemical
EMN
$8.47B
| $1.4M | 0.02% |
12,000
+3,000
| +33% | +$360K |
|
111
D.R. Horton
DHI
$41.5B
| $1.26M | 0.02% |
13,999
| – | – |
|
112
Lockheed Martin
LMT
$130B
| $1.06M | 0.01% |
2,813
+1,520
| +118% | +$584K |
|
113
Lennar Class B
LEN.B
$20.6B
| $1.06M | 0.01% |
13,676
| – | – |
|
114
Lamar Advertising Co
LAMR
$15.3B
| $888K | 0.01% |
8,500
| – | – |
|
115
Celanese
CE
$5.14B
| $728K | 0.01% |
4,800
+2,400
| +100% | +$381K |
|
|
TWTR
116
DELISTED
Twitter, Inc.
TWTR
| $723K | 0.01% |
10,500
+2,000
| +24% | +$123K |
|
117
Match Group
MTCH
$9.38B
| $574K | 0.01% |
3,560
| – | – |
|
118
PayPal
PYPL
$52.7B
| $533K | 0.01% |
1,830
| – | – |
|
119
Intercontinental Exchange
ICE
$90.5B
| $489K | 0.01% |
4,120
+1,800
| +78% | +$207K |
|
120
Salesforce
CRM
$171B
| $428K | 0.01% |
+1,753
| New | +$404K |
|
121
Roper Technologies
ROP
$40.7B
| $386K | ﹤0.01% |
+820
| New | +$363K |
|
|
PPLI
122
People Inc
PPLI
$2.86B
| $378K | ﹤0.01% |
2,991
-589
| -16% | -$76.3K |
|
123
WIX.com
WIX
$3.43B
| $348K | ﹤0.01% |
+1,200
| New | +$337K |
|
124
Allstate
ALL
$64.2B
| $261K | ﹤0.01% |
2,000
| – | – |
|
125
Netflix
NFLX
$331B
| $227K | ﹤0.01% |
+4,300
| New | +$220K |
|
Similar funds
Tom Gayner's Q2 2021 Portfolio in Review
As of Q2 2021, Tom Gayner held 126 positions worth $7.9B, up 9.3% from $7.23B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Tom Gayner's Q2 2021 filing shows 8 new, 34 increased, 2 reduced and 1 closed positions. Its largest new stake was Texas Pacific Land: 40,500 shares worth $7.2M. The largest sale was Electronic Arts, an estimated $17.1M.
By sector, the portfolio is most concentrated in Financials at 41% of assets, up from 39% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Tom Gayner's largest Q2 2021 buy was Texas Pacific Land: 40,500 shares worth $7.2M.
- Tom Gayner added most to Regeneron Pharmaceuticals in Q2 2021, an estimated $10.8M increase.
- Tom Gayner's biggest Q2 2021 reduction was Brookfield, cutting an estimated $2.57M.
- Tom Gayner fully exited Electronic Arts in Q2 2021, selling an estimated $17.1M.
- Tom Gayner's ten largest holdings make up 43% of its $7.9B portfolio in Q2 2021.
- Tom Gayner opened 8 new positions and closed 1 in Q2 2021.
- Tom Gayner's portfolio value rose 9.3% quarter-over-quarter to $7.9B.
Based on Markel Group's 13F filing for Q2 2021, filed 6 Aug 2021.