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Built from publicly disclosed institutional and insider activity. Informational purposes only - not investment advice.OpenStocks · v0.1
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  1. Home/
  2. Super Investors/
  3. Tom Gayner (Markel Group)
  • Overview
  • Portfolio128
  • Performance40Q
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  • Activity2.2k
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Conglomerate · CIK 0001096343

Tom Gayner

Markel Group
Share
  • Financials-Focused
  • Large Fund

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%Since filing+141.8%Full performance →
Quarter
2025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q1
1-YearTWR
+13.02%
since 2024Q4
3-YearTWR
+71.07%
since 2022Q4
5-Yearactual
+41.01%
since 2020Q4
10-Yearbacktest
+294.61%
since 2016-04-21

Methodology: TWR tiles chain-link quarterly mark-to-market across consecutive filings (GIPS-compliant) · actual tiles use a real 13F snapshot marked to today · backtest tiles re-price the current book to historical prices.

Performance overview

We mark Tom Gayner (Markel Group)'s disclosed portfolio to current market prices and compare its growth against the S&P 500 (SPY). Tom’s portfolio is 13.0% over the last 12 months · 141.8% since 2016Q1.

Portfolio growth vs SPY
Rebased to 100 at 2021Q2 · through 2025Q4
Tom Gayner
+36.1%
SPY
+69.5%
Alpha
-33.4pp
63921211491782021Q22023Q32025Q4
Portfolio line is the GIPS-compliant time-weighted return chain-linked across the manager's quarterly 13F filings — unaffected by capital flows. Quarters with insufficient held-through coverage are skipped, which can briefly flatten the line.
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
Portfolio over time
AUMPositions
$0$4.14B$8.28B$12.54B1372'22Q1'23Q4'25Q4
QoQ AUM
+1.8%
16Q lifetime AUM
+36929.1%
QoQ positions
-1
16Q lifetime positions
+126
Position concentration
132 positions
Top 1
7%
of book
  • Top 17%$758.5MBRK.A
  • Top 2-519%$2.16BBRK.B, GOOG, BN
  • Top 6-1014%$1.63BDE, HD, V
  • Top 11-2019%$2.11BADI, DIS, BLK
  • Rest41%$4.68BLPLA, DEO, LOW