- Gayner’s portfolio increased from $5.37B to $5.89B this quarter.
- The portfolio remained almost steady during the quarter.
- Berkshire Hathaway at ~12% of the portfolio is by far the largest position.
Thomas Gayner’s Markel Investment Portfolio value increased
from $5.37B to $5.89B this quarter. The portfolio continues to have around 100
different positions although only around 50 are significantly large (more than
0.5% of the portfolio each). The top-five stakes are Berkshire Hathaway,
Amazon.com, Brookfield Asset Management, Home Depot, and Walt Disney.
Markel Corporation (MKL) is currently trading at around
1.25-times Book Value (BV) at ~$1021 per share - BV is ~$820 as of Q3 2020.
Below is a spreadsheet that highlights the changes to the
portfolio as of Q3 2020. Please check out our previous
update to have an idea on how the portfolio is progressing:
To learn more about how to profit from a strategy of cloning
hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little
Guy.
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