Tom Gayner Markel Group
Tom Gayner is the CEO of Markel Group and long-time steward of its public equity portfolio. Often compared to a smaller-scale Berkshire-style model, Markel combines insurance operations with a carefully selected book of common stocks. Gayner is known for a patient, owner-oriented philosophy and for writing clearly about compounding, culture, and long-term business ownership.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
The Mosaic Company
MOS
|
+$6.98M |
| 2 |
Blackrock
BLK
|
+$6.57M |
| 3 |
ENI
E
|
+$4.86M |
| 4 |
Ascent Industries
ACNT
|
+$4.79M |
| 5 |
Chevron
CVX
|
+$4.06M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Atlantic Union Bankshares
AUB
|
+$34.1M |
| 2 |
PCL
PLUM CREEK TIMBER CO (REIT)
PCL
|
+$15.2M |
| 3 |
Jefferies Financial Group
JEF
|
+$8.73M |
| 4 |
CarMax
KMX
|
+$3.66M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$2.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.66% |
| 2 | Consumer Discretionary | 16.06% |
| 3 | Consumer Staples | 13.6% |
| 4 | Healthcare | 11.9% |
| 5 | Industrials | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Brown-Forman Class A
BF.A
$13.3B
| $28.2M | 0.97% |
1,063,725
-375
| -0% | -$10.5K |
|
27
American Express
AXP
$227B
| $26.8M | 0.92% |
354,237
-13,699
| -4% | -$1.03M |
|
28
Microsoft
MSFT
$3.59T
| $26.7M | 0.92% |
802,300
+29,700
| +4% | +$977K |
|
29
Lowe's Companies
LOW
$121B
| $26.7M | 0.92% |
560,700
-12,000
| -2% | -$545K |
|
30
Teva Pharmaceuticals
TEVA
$43.5B
| $26.4M | 0.91% |
700,000
+1,000
| +0.1% | +$39K |
|
31
3M
MMM
$92.3B
| $24.6M | 0.84% |
246,017
-120
| -0% | -$11.7K |
|
32
Visa
V
$693B
| $23.4M | 0.8% |
490,400
+12,000
| +3% | +$554K |
|
|
CRR
33
DELISTED
Carbo Ceramics Inc.
CRR
| $23.4M | 0.8% |
236,000
+18,000
| +8% | +$1.53M |
|
|
BRSL
34
Brightstar Lottery PLC
BRSL
$2.21B
| $22.4M | 0.77% |
1,183,166
-6,097
| -0.5% | -$116K |
|
35
Oracle
ORCL
$422B
| $21.3M | 0.73% |
643,100
-12,300
| -2% | -$399K |
|
|
SCHW
36
Charles Schwab
SCHW
$194B
| $21.2M | 0.73% |
1,003,719
-23,097
| -2% | -$502K |
|
37
Caterpillar
CAT
$381B
| $20.2M | 0.69% |
242,200
-3,000
| -1% | -$254K |
|
38
Intel
INTC
$476B
| $19.7M | 0.68% |
859,400
+24,400
| +3% | +$562K |
|
39
Illinois Tool Works
ITW
$80.4B
| $18.5M | 0.63% |
242,810
-1,095
| -0.4% | -$80K |
|
40
T. Rowe Price
TROW
$23.8B
| $18M | 0.62% |
250,500
| – | – |
|
41
McDonald's
MCD
$192B
| $17.8M | 0.61% |
185,113
-4,349
| -2% | -$425K |
|
42
NOV
NOV
$7.28B
| $16.5M | 0.57% |
233,999
+22,180
| +10% | +$1.48M |
|
|
ITIC
43
Investors Title Co
ITIC
$546M
| $16.2M | 0.56% |
216,350
-11,800
| -5% | -$869K |
|
44
Liberty Media Series A
FWONA
$24.2B
| $16.2M | 0.55% |
619,187
+140,725
| +29% | +$3.53M |
|
45
SLB Ltd
SLB
$79.9B
| $13.6M | 0.47% |
154,000
+4,000
| +3% | +$329K |
|
46
Capital One
COF
$134B
| $12.9M | 0.44% |
187,400
| – | – |
|
|
47
Ascent Industries
ACNT
$133M
| $12.9M | 0.44% |
785,343
+300,000
| +62% | +$4.79M |
|
48
Brown & Brown
BRO
$24.4B
| $11.7M | 0.4% |
731,256
| – | – |
|
49
Loews
L
$22.5B
| $11.3M | 0.39% |
240,700
| – | – |
|
50
Moody's
MCO
$87.2B
| $10.9M | 0.37% |
155,400
| – | – |
|
Similar funds
Tom Gayner's Q3 2013 Portfolio in Review
As of Q3 2013, Tom Gayner held 112 positions worth $2.92B, up 4.3% from $2.8B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Tom Gayner's Q3 2013 filing shows 5 new, 30 increased, 35 reduced and 5 closed positions. Its largest new stake was The Mosaic Company: 150,000 shares worth $6.45M. The largest sale was Atlantic Union Bankshares, an estimated $34.1M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
- Tom Gayner's largest Q3 2013 buy was The Mosaic Company: 150,000 shares worth $6.45M.
- Tom Gayner added most to Blackrock in Q3 2013, an estimated $6.57M increase.
- Tom Gayner's biggest Q3 2013 reduction was Jefferies Financial Group, cutting an estimated $8.73M.
- Tom Gayner fully exited Atlantic Union Bankshares in Q3 2013, selling an estimated $34.1M.
- Tom Gayner's ten largest holdings make up 47% of its $2.92B portfolio in Q3 2013.
- Tom Gayner opened 5 new positions and closed 5 in Q3 2013.
- Tom Gayner's portfolio value rose 4.3% quarter-over-quarter to $2.92B.
Based on Markel Group's 13F filing for Q3 2013, filed 12 Nov 2013.