Tracking Thomas Gayner's Markel Portfolio – Q2 2021 Update

• Gayner’s portfolio increased from $7.23B to $7.90B this quarter. 
• The portfolio saw only minor adjustments during the quarter. 
• Berkshire Hathaway at ~11.5% of the portfolio is by far the largest position. 

 Thomas Gayner’s Markel Investment Portfolio value increased from $7.23B to $7.90B 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, Brookfield Asset Management, Alphabet, Amazon, and Walt Disney.

 

Markel Corporation (MKL) is currently trading at around 1.34-times Book Value (BV) at ~$1306 per share - BV is ~$975.

 

Below is a spreadsheet that highlights the changes to the portfolio as of Q2 2021. Please check out our previous update to have an idea on how the portfolio is progressing:

 

 

 

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