Conglomerate · CIK 0001096343

Tom Gayner

Markel Group
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Tom Gayner runs Markel Group, a conglomerate overseeing $12.54B in disclosed equity holdings (SEC CIK 0001096343). The latest portfolio (2025Q4) discloses 128 positions across 10 sectors, with the largest positions in GOOG, BRK.A and BRK.B. On a mark-to-market basis the tracked portfolio has returned 13.0% over the past year. OpenStocks tracks 40 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.

Track Tom's filingsView holdings
Portfolio
$12.54B
Positions
128
Quarter
2025Q4
Filings tracked
40
1Y+13.0%3Y+71.1%5Y+37.2%Full performance →
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1
Capital flow per quarter
BuysSellsNet
+$6.96B+$3.48B$0-$3.48B-$6.96B'22Q1'22Q2'22Q3'22Q4'23Q1'23Q2'23Q3'23Q4'24Q1'24Q2'24Q3'24Q4'25Q1'25Q2'25Q3'25Q4
Latest · 2025Q4
+$217M
Lifetime buys
$10.02B
Lifetime sells
$1.43B

Quarter activity

What changed in 2023Q3 — net new, added, trimmed, exited.
New positions6 names
  • LLYVA*LIBERTY MEDIA CORP DEL
    +98,000
    $3.1M
  • LLYVK*LIBERTY MEDIA CORP DEL
    +80,000
    $2.6M
  • UNHUNITEDHEALTH GROUP INC
    +5,000
    $2.5M
  • HCAHCA HEALTHCARE INC
    +8,050
    $2.0M
  • URIUNITED RENTALS INC
    +3,000
    $1.3M
  • G3421JFERGUSON PLC NEW
    +6,000
    $987K
Added to45 names
  • NVONOVO-NORDISK A S
    +1,075,000
    $97.8M
  • LPLALPL FINL HLDGS INC
    +174,205
    $41.4M
  • DGDOLLAR GEN CORP NEW
    +81,000
    $8.6M
  • CABOCABLE ONE INC
    +11,000
    $6.8M
  • TSNTYSON FOODS INC
    +127,500
    $6.4M
  • ODFLOLD DOMINION FREIGHT LINE IN
    +12,000
    $4.9M
  • THGHANOVER INS GROUP INC
    +31,000
    $3.4M
  • CHHCHOICE HOTELS INTL INC
    +28,000
    $3.4M
  • TGTTARGET CORP
    +29,000
    $3.2M
  • FDXFEDEX CORP
    +12,000
    $3.2M
  • TMOTHERMO FISHER SCIENTIFIC INC
    +5,400
    $2.7M
  • LOWLOWES COS INC
    +13,000
    $2.7M
  • + 33 more…
Trimmed4 names
  • SONYSONY GROUP CORPORATION
    −47,996
    $4.0M
  • LBRDKLIBERTY BROADBAND CORP
    −22,254
    $2.0M
  • LBRDALIBERTY BROADBAND CORP
    −8,500
    $773K
  • G5480ULIBERTY GLOBAL PLC
    −11,000
    $188K
Exited4 names
  • LSXMKUSDLIBERTY MEDIA CORP DEL
    −522,000
    $17.1M
  • LM03LIBERTY MEDIA CORP DEL
    −426,000
    $14.0M
  • HCSGHEALTHCARE SVCS GROUP INC
    −308,000
    $4.6M
  • SKWDSKYWARD SPECIALTY INS GROUP
    −60,064
    $1.5M

Recent transactions

Last 20 moves
ADD
Tom Gayner (Markel Group) added to UNP
UNION PAC CORP
+14,500
~$231.32 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to NSP
INSPERITY INC
+21,145
~$38.72 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to AXP
AMERICAN EXPRESS CO
+4,250
~$369.95 · 2025Q4
2026-02-06
NEW
Tom Gayner (Markel Group) opened a new position in BRO
BROWN & BROWN INC
+11,000
~$79.70 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to WSO
WATSCO INC
+12,500
~$336.95 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to UBER
UBER TECHNOLOGIES INC
+16,500
~$81.71 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to TSN
TYSON FOODS INC
+36,000
~$58.62 · 2025Q4
2026-02-06
TRIM
Tom Gayner (Markel Group) trimmed TRU
TRANSUNION
−99,050
~$85.75 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to TMO
THERMO FISHER SCIENTIFIC INC
+7,000
~$579.45 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to SCHW
SCHWAB CHARLES CORP
+11,000
~$99.91 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to ROL
ROLLINS INC
+13,250
~$60.02 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to ODFL
OLD DOMINION FREIGHT LINE IN
+62,900
~$156.80 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to NVR
NVR INC
+110
~$7292.77 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to NVO
NOVO-NORDISK A S
+501,125
~$50.88 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to NOC
NORFOLK SOUTHN CORP
+17,000
~$288.72 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to MSFT
MICROSOFT CORP
+3,600
~$483.62 · 2025Q4
2026-02-06
TRIM
Tom Gayner (Markel Group) trimmed META
META PLATFORMS INC
−31,978
~$660.09 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to MRSH
MARSH & MCLENNAN COS INC
+6,750
~$185.52 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to MAR
MARRIOTT INTL INC NEW
+16,500
~$310.24 · 2025Q4
2026-02-06
ADD
Tom Gayner (Markel Group) added to LPLA
LPL FINL HLDGS INC
+6,630
~$357.17 · 2025Q4
2026-02-06