Smart Money Radar / Whales / Tom Gayner
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Tom Gayner

Markel Group Inc. · Holdings as of Sep 30, 2024, filed by Nov 15, 2024 · US long stock positions only

Insurance float compounder in the Berkshire mold.

Reported value
$11B
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 2024
BRK.A 7% BRK.B 6% BN 4% GOOG 4% AMZN 3% HD 3% DE 3% WSO 3% AAPL 3% V 2% ADI 2% NVO 2% MSFT 2% BLK 2% DIS 2%
Top 15 positions shown, 50% of the book; 117 smaller names hold the rest.
SymbolValue% of bookvs prior quarter
BRK.A $770M 7% unchanged
BRK.B $705M 6% unchanged
BN $463M 4% unchanged
GOOG $460M 4% unchanged
AMZN $378M 3% unchanged
HD $373M 3% unchanged
DE $363M 3% added
WSO $287M 3% unchanged
AAPL $286M 3% unchanged
V $275M 2% unchanged
ADI $269M 2% unchanged
NVO $256M 2% unchanged
MSFT $222M 2% unchanged
BLK $209M 2% unchanged
DIS $195M 2% unchanged
DEO $192M 2% unchanged
PGR $191M 2% unchanged
KKR $190M 2% unchanged
BX $188M 2% unchanged
LOW $187M 2% added
RLI $186M 2% unchanged
GS $178M 2% unchanged
MRSH $161M 1% added
META $158M 1% unchanged
TXN $150M 1% unchanged
AXP $131M 1% unchanged
APO $126M 1% unchanged
CAT $125M 1% added
LPLA $121M 1% added
GD $118M 1% unchanged
NVR $115M 1% unchanged
BAM $104M 1% unchanged
MA $102M 1% unchanged
MCO $102M 1% unchanged
JNJ $99M 1% unchanged
GOOGL $92M 1% unchanged
SCHW $88M 1% unchanged
ADM $87M 1% unchanged
ITW $86M 1% unchanged
MSCI $83M 1% unchanged
SPGI $78M 1% unchanged
HEI.A $77M 1% unchanged
LIN $74M 1% added
ROL $74M 1% unchanged
ECL $70M 1% unchanged
DG $63M 1% added
ODFL $59M 1% added
SBUX $59M 1% added
CG $57M 1% unchanged
NSC $57M 1% unchanged
unlisted $56M 1% unchanged
FDS $54M 0% unchanged
FDX $53M 0% added
JPM $53M 0% unchanged
ITIC $49M 0% unchanged
TSN $47M 0% unchanged
CMCSA $45M 0% unchanged
FNV $43M 0% added
ROK $42M 0% unchanged
AON $42M 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.