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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
-1.8%
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
$8.28B
AUM Growth
-$115M
Cap. Flow
+$105M
Cap. Flow %
1.27%
Top 10 Hldgs %
39%
Holding
137
New
6
Increased
44
Reduced
4
Closed
4

Top Buys

Rank Stock Value
1
LPLA icon
LPL Financial
LPLA
+$40.5M
2
DG icon
Dollar General
DG
+$12.1M
3
CABO icon
Cable One
CABO
+$7.25M
4
TSN icon
Tyson Foods
TSN
+$6.79M
5
ODFL icon
Old Dominion Freight Line
ODFL
+$4.86M

Top Sells

Rank Stock Value
1
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
+$17.1M
2
LSXMA
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
+$14M
3
HCSG icon
Healthcare Services Group
HCSG
+$4.6M
4
SONY icon
Sony
SONY
+$4.19M
5
LBRDK
Liberty Broadband Class C
LBRDK
+$1.99M

Sector Composition

Rank Sector Weight
1 Financials 42.47%
2 Industrials 13.79%
3 Consumer Discretionary 11.49%
4 Technology 10.16%
5 Communication Services 9.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CSGP icon
126
CoStar Group
CSGP
$13.1B
$1.43M 0.02%
18,600
– –
INTU icon
127
Intuit
INTU
$100B
$1.39M 0.02%
2,720
– –
URI icon
128
United Rentals
URI
$68.4B
$1.33M 0.02%
+3,000
New +$1.37M
HGTY.WS
129
DELISTED
Hagerty, Inc. Warrants, each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share
HGTY.WS
$1.24M 0.01%
540,000
– –
DNB
130
DELISTED
Dun & Bradstreet
DNB
$1.15M 0.01%
115,000
– –
FERG icon
131
Ferguson
FERG
$46.9B
$987K 0.01%
+6,000
New +$947K
UBER icon
132
Uber
UBER
$161B
$966K 0.01%
21,000
+14,000
+200% +$640K
BUD icon
133
AB InBev
BUD
$155B
$608K 0.01%
11,000
+2,000
+22% +$113K
HCSG icon
134
Healthcare Services Group
HCSG
$1.56B
– –
-308,000
Closed -$4.6M
SKWD icon
135
Skyward Specialty Insurance
SKWD
$2.31B
– –
-60,064
Closed -$1.53M
LSXMK
136
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
– –
-673,902
Closed -$17.1M
LSXMA
137
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
– –
-579,786
Closed -$14M
2 3 4 5
6

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Tom Gayner's Q3 2023 Portfolio in Review

As of Q3 2023, Tom Gayner held 137 positions worth $8.28B, down 1.4% from $8.4B the previous quarter. Its ten largest holdings account for 39% of the portfolio.

Tom Gayner's Q3 2023 filing shows 6 new, 44 increased, 4 reduced and 4 closed positions. Its largest new stake was Liberty Live Group Series A: 98,000 shares worth $3.13M. The largest sale was Liberty Media Corporation Series C Liberty SiriusXM Common Stock, an estimated $17.1M.

By sector, the portfolio is most concentrated in Financials at 42% of assets, up from 41% a quarter earlier, followed by Industrials and Consumer Discretionary.

  • Tom Gayner's largest Q3 2023 buy was Liberty Live Group Series A: 98,000 shares worth $3.13M.
  • Tom Gayner added most to LPL Financial in Q3 2023, an estimated $40.5M increase.
  • Tom Gayner's biggest Q3 2023 reduction was Sony, cutting an estimated $4.19M.
  • Tom Gayner fully exited Liberty Media Corporation Series C Liberty SiriusXM Common Stock in Q3 2023, selling an estimated $17.1M.
  • Tom Gayner's ten largest holdings make up 39% of its $8.28B portfolio in Q3 2023.
  • Tom Gayner opened 6 new positions and closed 4 in Q3 2023.
  • Tom Gayner's portfolio value fell 1.4% quarter-over-quarter to $8.28B.

Based on Markel Group's 13F filing for Q3 2023, filed 3 Nov 2023.