Tracking Thomas Gayner's Markel Portfolio – Q4 2022 Update

  •  Gayner’s portfolio increased from $6.77B to $7.46B this quarter. 
  • Diageo was increased while decreasing Regeneron Pharma during the quarter. 
  • Berkshire Hathaway at ~13% of the portfolio is by far the largest position. 

Thomas Gayner’s Markel Investment Portfolio value decreased from $6.77B to $7.46B 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, Deere, Home Depot, Alphabet, and Brookfield Corp.

 

Markel Corporation (MKL) is currently trading at around ~1.30-times Book Value (BV) at ~$1207 per share - BV is ~$929.

 

Below is a spreadsheet that highlights the changes to the portfolio as of Q4 2022. Please check out our previous update to have an idea on how the portfolio is progressing:

 

 

 


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