Smart Money Radar / Whales / Tom Gayner
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Tom Gayner

Markel Group Inc. · Holdings as of Jun 30, 2023, filed by Aug 15, 2023 · US long stock positions only

Insurance float compounder in the Berkshire mold.

Reported value
$8B
60 positions shown
Copycat since 2016
3.25x
12% per year
vs SPY
behind
SPY 3.57x same window
Top position
BRK.A
7% of book

Copying these filings vs SPY

$1 at every deadline since 2016
SPY 3.57x Tom Gayner 3.25x
Price returns, dividends excluded on both lines. A copycat of public filings traded at each deadline, not the fund's actual performance.
Mar 2026 Dec 2025 Sep 2025 Jun 2025 Mar 2025 Dec 2024 Sep 2024 Jun 2024 Mar 2024 Dec 2023 Sep 2023 Jun 2023

The book

tile = share of the filed book · tap a tile for the ticker · Jun 2023
BRK.A 7% BRK.B 6% GOOG 4% DE 4% BN 3% HD 3% AMZN 3% AAPL 3% V 3% DEO 3% ADI 3% WSO 2% DIS 2% NVO 2% MSFT 2%
Top 15 positions shown, 50% of the book; 116 smaller names hold the rest.
SymbolValue% of bookvs prior quarter
BRK.A $577M 7% unchanged
BRK.B $522M 6% unchanged
GOOG $333M 4% unchanged
DE $306M 4% unchanged
BN $293M 3% unchanged
HD $286M 3% unchanged
AMZN $263M 3% unchanged
AAPL $236M 3% unchanged
V $235M 3% added
DEO $234M 3% unchanged
ADI $219M 3% unchanged
WSO $206M 2% unchanged
DIS $180M 2% unchanged
NVO $174M 2% unchanged
MSFT $165M 2% unchanged
RLI $163M 2% unchanged
BLK $152M 2% unchanged
LOW $143M 2% added
TXN $130M 2% unchanged
MRSH $124M 1% unchanged
GS $116M 1% unchanged
BX $114M 1% unchanged
ADM $111M 1% unchanged
JNJ $101M 1% unchanged
PGR $100M 1% unchanged
DG $86M 1% added
AXP $84M 1% unchanged
GD $84M 1% unchanged
ITW $82M 1% unchanged
MA $82M 1% unchanged
KKR $81M 1% unchanged
APO $78M 1% unchanged
MCO $74M 1% unchanged
META $73M 1% added
CAT $72M 1% unchanged
BAM $72M 1% unchanged
SCHW $71M 1% added
MSCI $67M 1% unchanged
NVR $67M 1% added
GOOGL $66M 1% added
SPGI $60M 1% unchanged
ROL $58M 1% added
BF.A $57M 1% unchanged
unlisted $55M 1% unchanged
HEI.A $53M 1% added
SBUX $53M 1% unchanged
NSC $52M 1% unchanged
ECL $51M 1% unchanged
ROK $51M 1% unchanged
unlisted $49M 1% unchanged
FDS $47M 1% unchanged
CMCSA $44M 1% added
LIN $44M 1% added
CG $42M 1% unchanged
WHR $42M 0% unchanged
NKE $41M 0% unchanged
TROW $35M 0% unchanged
JPM $33M 0% added
FDX $33M 0% added
AON $32M 0% added
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.