Smart Money Radar / Whales / Tom Gayner
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Tom Gayner

Markel Group Inc. · Holdings as of Sep 30, 2023, filed by Nov 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 · Sep 2023
BRK.A 7% BRK.B 6% GOOG 4% DE 3% HD 3% BN 3% AMZN 3% V 3% AAPL 3% WSO 2% DEO 2% ADI 2% NVO 2% DIS 2% RLI 2%
Top 15 positions shown, 50% of the book; 118 smaller names hold the rest.
SymbolValue% of bookvs prior quarter
BRK.A $592M 7% unchanged
BRK.B $537M 6% unchanged
GOOG $363M 4% unchanged
DE $286M 3% unchanged
HD $278M 3% unchanged
BN $273M 3% unchanged
AMZN $257M 3% unchanged
V $230M 3% unchanged
AAPL $209M 3% unchanged
WSO $206M 2% unchanged
DEO $201M 2% unchanged
ADI $198M 2% unchanged
NVO $196M 2% added
DIS $165M 2% unchanged
RLI $163M 2% unchanged
MSFT $156M 2% unchanged
BLK $142M 2% unchanged
LOW $134M 2% added
BX $132M 2% unchanged
MRSH $128M 2% unchanged
GS $116M 1% unchanged
TXN $115M 1% unchanged
ADM $110M 1% unchanged
PGR $105M 1% unchanged
JNJ $95M 1% unchanged
APO $91M 1% unchanged
KKR $89M 1% unchanged
GD $86M 1% unchanged
MA $82M 1% unchanged
CAT $82M 1% added
META $78M 1% added
ITW $75M 1% unchanged
MSCI $73M 1% unchanged
BAM $73M 1% unchanged
GOOGL $73M 1% unchanged
AXP $72M 1% unchanged
LPLA $72M 1% added
SCHW $70M 1% added
MCO $68M 1% unchanged
NVR $65M 1% added
DG $62M 1% added
unlisted $61M 1% unchanged
SPGI $55M 1% unchanged
ROL $52M 1% unchanged
FDS $51M 1% unchanged
HEI.A $49M 1% unchanged
BF.A $49M 1% unchanged
unlisted $49M 1% unchanged
SBUX $49M 1% unchanged
CMCSA $47M 1% unchanged
ECL $46M 1% unchanged
NSC $45M 1% unchanged
LIN $45M 1% added
ROK $44M 1% unchanged
CG $40M 0% unchanged
FDX $38M 0% added
WHR $38M 0% unchanged
NKE $35M 0% unchanged
JPM $35M 0% added
TROW $33M 0% unchanged
Positions built under SEC confidential treatment appear only after the SEC releases them. Cash, foreign listings and shorts never appear in these filings.