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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
+10.98%
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
$13.1B
AUM Growth
+$1.19B
Cap. Flow
+$80.1M
Cap. Flow %
0.61%
Top 10 Hldgs %
42.92%
Holding
132
New
3
Increased
24
Reduced
3
Closed
2

Top Buys

Rank Stock Value
1
MELI icon
Mercado Libre
MELI
+$31.7M
2
FNV icon
Franco-Nevada
FNV
+$15.2M
3
EPD icon
Enterprise Products Partners
EPD
+$13.8M
4
WSO icon
Watsco Inc
WSO
+$6.26M
5
ZTS icon
Zoetis
ZTS
+$6.23M

Top Sells

Rank Stock Value
1
SMG icon
ScottsMiracle-Gro
SMG
+$10.2M
2
ADI icon
Analog Devices
ADI
+$9.33M
3
META icon
Meta Platforms (Facebook)
META
+$8.65M
4
UNH icon
UnitedHealth
UNH
+$5.06M
5
CMCSA icon
Comcast
CMCSA
+$4.12M

Sector Composition

Rank Sector Weight
1 Financials 40.79%
2 Industrials 16.65%
3 Communication Services 11.71%
4 Consumer Discretionary 10.64%
5 Technology 9.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NFLX icon
126
Netflix
NFLX
$331B
$2.86M 0.02%
+40,000
New +$3.52M
SYY icon
127
Sysco
SYY
$40.2B
$2.55M 0.02%
30,500
– –
DPZ icon
128
Domino's
DPZ
$11.3B
$1.63M 0.01%
5,500
– –
BRO icon
129
Brown & Brown
BRO
$24.4B
$898K 0.01%
14,000
– –
UFPI icon
130
UFP Industries
UFPI
$4.9B
$363K ﹤0.01%
+4,000
New +$348K
SMG icon
131
ScottsMiracle-Gro
SMG
$3.55B
– –
-168,000
Closed -$10.2M
UNH icon
132
UnitedHealth
UNH
$350B
– –
-18,700
Closed -$5.06M
2 3 4 5
6

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Tom Gayner's Q2 2026 Portfolio in Review

As of Q2 2026, Tom Gayner held 132 positions worth $13.1B, up 10% from $11.9B the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Trading was light in Q2 2026: portfolio turnover was 3.8%. Tom Gayner opened 3 new positions and exited 2, leaving the 132-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 41% of assets, down from 43% a quarter earlier, followed by Industrials and Communication Services.

  • Tom Gayner's largest Q2 2026 buy was Zoetis: 66,195 shares worth $4.76M.
  • Tom Gayner added most to Mercado Libre in Q2 2026, an estimated $31.7M increase.
  • Tom Gayner's biggest Q2 2026 reduction was Analog Devices, cutting an estimated $9.33M.
  • Tom Gayner fully exited ScottsMiracle-Gro in Q2 2026, selling an estimated $10.2M.
  • Tom Gayner's ten largest holdings make up 43% of its $13.1B portfolio in Q2 2026.
  • Tom Gayner opened 3 new positions and closed 2 in Q2 2026.
  • Tom Gayner's portfolio value rose 10% quarter-over-quarter to $13.1B.

Based on Markel Group's 13F filing for Q2 2026, filed 31 Jul 2026.