Investor Summary

Thomas S. Gayner serves as Co-Chief Executive Officer of Markel Group and President of Markel-Gayner Asset Management Corp. With over 35 years of experience in investment management, he has profitably grown Markel's equity portfolio since 1991. Gayner also holds directorships at The Coca-Cola Company and Graham Holdings, bringing significant corporate governance experience.

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Fund Strategy

Long-term value investing approach focused on business ownership rather than speculation. Emphasizes companies with durable competitive advantages, strong cash flows, and capable management. Leverages insurance float as zero-cost permanent capital for long-term compounding. Philosophy centered on patient capital allocation over decades rather than short-term performance.

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FUND PERFORMANCE AS OF

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
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