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 |
Franco-Nevada
FNV
|
+$12.4M |
| 2 |
Yum! Brands
YUM
|
+$9.31M |
| 3 |
Deere & Co
DE
|
+$8.95M |
| 4 |
LPL Financial
LPLA
|
+$8.7M |
| 5 |
HCA Healthcare
HCA
|
+$5.79M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RTX Corp
RTX
|
+$22.5M |
| 2 |
Whirlpool
WHR
|
+$12.5M |
| 3 |
Equifax
EFX
|
+$7.05M |
| 4 |
EA
Electronic Arts
EA
|
+$6.94M |
| 5 |
Cracker Barrel
CBRL
|
+$4.68M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 44.29% |
| 2 | Industrials | 13.65% |
| 3 | Consumer Discretionary | 12.11% |
| 4 | Technology | 9.42% |
| 5 | Communication Services | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Estee Lauder
EL
$36.9B
| $1.4M | 0.01% |
+14,000
| New | +$1.33M |
|
|
DNB
127
DELISTED
Dun & Bradstreet
DNB
| $1.32M | 0.01% |
115,000
| – | – |
|
128
Brunswick
BC
$5.24B
| $1.17M | 0.01% |
+14,000
| New | +$1.09M |
|
129
Intercontinental Exchange
ICE
$90.5B
| $822K | 0.01% |
5,120
| – | – |
|
130
AB InBev
BUD
$155B
| $729K | 0.01% |
11,000
| – | – |
|
131
Solventum
SOLV
$15.2B
| $52.3K | ﹤0.01% |
750
-72,687
| -99% | -$4.37M |
|
|
132
Cracker Barrel
CBRL
$1.29B
| – | – |
-111,000
| Closed | -$4.68M |
|
133
CVS Health
CVS
$119B
| – | – |
-47,000
| Closed | -$2.78M |
|
|
EA
134
DELISTED
Electronic Arts
EA
| – | – |
-49,800
| Closed | -$6.94M |
|
|
135
RTX Corp
RTX
$283B
| – | – |
-224,000
| Closed | -$22.5M |
|
136
UL Solutions
ULS
$15.2B
| – | – |
-36,000
| Closed | -$1.52M |
|
|
BNT
137
Brookfield Wealth Solutions
BNT
$12.4B
| – | – |
-90,152
| Closed | -$2.5M |
|
|
HGTY.WS
138
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
| – | – |
-540,000
| Closed | -$1.11M |
|
Similar funds
Tom Gayner's Q3 2024 Portfolio in Review
As of Q3 2024, Tom Gayner held 139 positions worth $11.1B, up 9.3% from $10.2B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Tom Gayner's Q3 2024 filing shows 5 new, 37 increased, 4 reduced and 7 closed positions. Its largest new stake was Airbnb: 19,150 shares worth $2.43M. The largest sale was RTX Corp, an estimated $22.5M.
By sector, the portfolio is most concentrated in Financials at 44% of assets, up from 43% a quarter earlier, followed by Industrials and Consumer Discretionary.
- Tom Gayner's largest Q3 2024 buy was Airbnb: 19,150 shares worth $2.43M.
- Tom Gayner added most to Franco-Nevada in Q3 2024, an estimated $12.4M increase.
- Tom Gayner's biggest Q3 2024 reduction was Whirlpool, cutting an estimated $12.5M.
- Tom Gayner fully exited RTX Corp in Q3 2024, selling an estimated $22.5M.
- Tom Gayner's ten largest holdings make up 39% of its $11.1B portfolio in Q3 2024.
- Tom Gayner opened 5 new positions and closed 7 in Q3 2024.
- Tom Gayner's portfolio value rose 9.3% quarter-over-quarter to $11.1B.
Based on Markel Group's 13F filing for Q3 2024, filed 1 Nov 2024.