- Gayner’s portfolio remained almost steady at $5.37B this quarter.
- Markel dropped CarMax, Marriott Intl, Walgreens Boots Alliance, Automatic Data Processing, and Anthem Inc. during the quarter.
- Berkshire Hathaway at ~11% of the portfolio is by far the largest position.
Thomas Gayner’s Markel Investment Portfolio value remained
almost steady $5.37B 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, Amazon.com, Home Depot, and Alphabet.
Markel Corporation (MKL) is currently trading at around 1.34-times
Book Value (BV) at ~$1038 per share - BV is ~$780 as of Q2 2020.
Below is a spreadsheet that highlights the changes to the
portfolio as of Q2 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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