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 |
Dollar General
DG
|
+$11.9M |
| 2 |
FedEx
FDX
|
+$9.63M |
| 3 |
Allstate
ALL
|
+$9.57M |
| 4 |
Hanover Insurance
THG
|
+$6.57M |
| 5 |
Walt Disney
DIS
|
+$6.14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mohawk Industries
MHK
|
+$40.3M |
| 2 |
Albemarle
ALB
|
+$17.8M |
| 3 |
Microchip Technology
MCHP
|
+$9.75M |
| 4 |
Shake Shack
SHAK
|
+$2.21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 42.72% |
| 2 | Industrials | 12.36% |
| 3 | Consumer Discretionary | 11.56% |
| 4 | Communication Services | 10.28% |
| 5 | Technology | 9.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class A
BRK.A
$1.06T
| $589M | 6.99% |
1,114
| – | – |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $541M | 6.41% |
1,531,971
| – | – |
|
3
Brookfield
BN
$93.1B
| $493M | 5.85% |
16,172,057
| – | – |
|
4
Alphabet (Google) Class C
GOOG
$4.18T
| $384M | 4.56% |
2,749,860
| – | – |
|
5
Amazon
AMZN
$2.79T
| $323M | 3.83% |
1,981,360
+11,000
| +0.6% | +$1.7M |
|
6
Deere & Co
DE
$175B
| $314M | 3.73% |
755,800
| – | – |
|
7
Home Depot
HD
$335B
| $275M | 3.27% |
920,000
| – | – |
|
8
Diageo
DEO
$52.6B
| $274M | 3.25% |
1,350,208
| – | – |
|
|
9
Walt Disney
DIS
$186B
| $264M | 3.13% |
1,922,665
+42,500
| +2% | +$6.14M |
|
10
Visa
V
$693B
| $213M | 2.53% |
961,105
+3,065
| +0.3% | +$663K |
|
11
Apple
AAPL
$4.51T
| $211M | 2.5% |
1,206,990
+8,450
| +0.7% | +$1.42M |
|
12
Analog Devices
ADI
$182B
| $178M | 2.11% |
1,077,821
+15,150
| +1% | +$2.45M |
|
13
Blackrock
BLK
$179B
| $168M | 2% |
220,200
| – | – |
|
14
Blackstone
BX
$108B
| $156M | 1.85% |
1,229,000
| – | – |
|
15
Microsoft
MSFT
$3.59T
| $148M | 1.76% |
479,980
| – | – |
|
16
Texas Instruments
TXN
$241B
| $133M | 1.58% |
724,000
| – | – |
|
17
RLI Corp
RLI
$6B
| $132M | 1.57% |
2,394,544
| – | – |
|
18
Archer Daniels Midland
ADM
$38.7B
| $132M | 1.57% |
1,463,300
| – | – |
|
19
Watsco Inc
WSO
$12.9B
| $128M | 1.51% |
418,750
| – | – |
|
|
NVO
20
Novo Nordisk
NVO
$207B
| $119M | 1.42% |
2,150,000
| – | – |
|
21
Lowe's Companies
LOW
$121B
| $119M | 1.41% |
588,980
| – | – |
|
22
Goldman Sachs
GS
$303B
| $114M | 1.35% |
343,860
| – | – |
|
23
Johnson & Johnson
JNJ
$651B
| $108M | 1.28% |
610,800
| – | – |
|
|
MRSH
24
Marsh
MRSH
$91.6B
| $105M | 1.25% |
618,800
+9,300
| +2% | +$1.47M |
|
25
General Dynamics
GD
$104B
| $94.2M | 1.12% |
390,500
+3,500
| +0.9% | +$777K |
|
Similar funds
Tom Gayner's Q1 2022 Portfolio in Review
As of Q1 2022, Tom Gayner held 130 positions worth $8.43B, down 3.5% from $8.74B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Tom Gayner's Q1 2022 filing shows 10 new, 37 increased and 4 closed positions. Its largest new stake was Hanover Insurance: 47,000 shares worth $7.03M. The largest sale was Mohawk Industries, an estimated $40.3M.
By sector, the portfolio is most concentrated in Financials at 43% of assets, up from 41% a quarter earlier, followed by Industrials and Consumer Discretionary.
- Tom Gayner's largest Q1 2022 buy was Hanover Insurance: 47,000 shares worth $7.03M.
- Tom Gayner added most to Dollar General in Q1 2022, an estimated $11.9M increase.
- Tom Gayner fully exited Mohawk Industries in Q1 2022, selling an estimated $40.3M.
- Tom Gayner's ten largest holdings make up 44% of its $8.43B portfolio in Q1 2022.
- Tom Gayner opened 10 new positions and closed 4 in Q1 2022.
- Tom Gayner's portfolio value fell 3.5% quarter-over-quarter to $8.43B.
Based on Markel Group's 13F filing for Q1 2022, filed 29 Apr 2022.