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 |
SLB Ltd
SLB
|
+$11.7M |
| 2 |
Core Laboratories
CLB
|
+$8.2M |
| 3 |
MON
Monsanto Co
MON
|
+$7.01M |
| 4 |
Deere & Co
DE
|
+$6.48M |
| 5 |
Watsco Inc
WSO
|
+$6.43M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FFH
FAIRFAX FINL HLDGS LTD SUB VTG
FFH
|
+$146M |
| 2 |
Microsoft
MSFT
|
+$21.8M |
| 3 |
Expeditors International
EXPD
|
+$6.11M |
| 4 |
Brown & Brown
BRO
|
+$5.45M |
| 5 |
CarMax
KMX
|
+$3.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 30.32% |
| 2 | Consumer Discretionary | 16.92% |
| 3 | Healthcare | 12.48% |
| 4 | Consumer Staples | 12.43% |
| 5 | Industrials | 11.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Enovis
ENOV
$1.5B
| $51.8M | 1.31% |
630,426
| – | – |
|
27
Blackrock
BLK
$179B
| $47.2M | 1.19% |
129,000
+13,000
| +11% | +$4.71M |
|
|
28
SLB Ltd
SLB
$79.9B
| $45.5M | 1.15% |
545,000
+140,000
| +35% | +$11.7M |
|
29
Automatic Data Processing
ADP
$112B
| $45.4M | 1.15% |
530,700
| – | – |
|
30
Lowe's Companies
LOW
$121B
| $40.2M | 1.02% |
540,000
| – | – |
|
31
Brown-Forman Class A
BF.A
$13.3B
| $38.3M | 0.97% |
1,053,750
| – | – |
|
32
Elevance Health
ELV
$86.9B
| $34.6M | 0.87% |
224,000
+7,000
| +3% | +$997K |
|
33
3M
MMM
$92.3B
| $33.6M | 0.85% |
243,984
| – | – |
|
34
Copart
CPRT
$31.3B
| $33.5M | 0.85% |
7,128,000
+376,000
| +6% | +$1.74M |
|
|
SCHW
35
Charles Schwab
SCHW
$194B
| $32.2M | 0.81% |
1,057,000
| – | – |
|
36
Intel
INTC
$476B
| $31M | 0.78% |
991,000
| – | – |
|
37
NOV
NOV
$7.28B
| $28.7M | 0.73% |
575,000
+100,000
| +21% | +$5.42M |
|
38
American Express
AXP
$227B
| $28.2M | 0.71% |
361,000
+12,000
| +3% | +$997K |
|
|
CB
39
DELISTED
CHUBB CORPORATION
CB
| $28.1M | 0.71% |
278,000
+13,000
| +5% | +$1.32M |
|
40
Travelers Companies
TRV
$75.8B
| $28M | 0.71% |
259,000
+15,000
| +6% | +$1.6M |
|
41
Moody's
MCO
$87.2B
| $27.7M | 0.7% |
267,000
+13,000
| +5% | +$1.26M |
|
42
Oracle
ORCL
$422B
| $27.5M | 0.7% |
638,000
| – | – |
|
43
CVS Health
CVS
$119B
| $25.3M | 0.64% |
245,000
+13,000
| +6% | +$1.32M |
|
44
Hasbro
HAS
$13.2B
| $22.6M | 0.57% |
358,000
+39,000
| +12% | +$2.29M |
|
|
MRSH
45
Marsh
MRSH
$91.6B
| $22.5M | 0.57% |
401,000
+65,000
| +19% | +$3.66M |
|
46
Factset
FDS
$10.7B
| $22.4M | 0.57% |
141,000
+13,000
| +10% | +$1.95M |
|
47
Illinois Tool Works
ITW
$80.4B
| $22.3M | 0.56% |
230,000
| – | – |
|
48
T. Rowe Price
TROW
$23.8B
| $20.2M | 0.51% |
250,000
| – | – |
|
49
Liberty Media Series C
FWONK
$26.3B
| $19.7M | 0.5% |
728,993
| – | – |
|
50
Caterpillar
CAT
$381B
| $19.3M | 0.49% |
241,000
| – | – |
|
Similar funds
Tom Gayner's Q1 2015 Portfolio in Review
As of Q1 2015, Tom Gayner held 111 positions worth $3.96B, down 0.38% from $3.97B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Tom Gayner's Q1 2015 filing shows 5 new, 47 increased, 2 reduced and 5 closed positions. Its largest new stake was Liberty Global Class A: 87,298 shares worth $3.71M. The largest sale was FAIRFAX FINL HLDGS LTD SUB VTG, an estimated $146M.
By sector, the portfolio is most concentrated in Financials at 30% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Tom Gayner's largest Q1 2015 buy was Liberty Global Class A: 87,298 shares worth $3.71M.
- Tom Gayner added most to SLB Ltd in Q1 2015, an estimated $11.7M increase.
- Tom Gayner's biggest Q1 2015 reduction was Microsoft, cutting an estimated $21.8M.
- Tom Gayner fully exited FAIRFAX FINL HLDGS LTD SUB VTG in Q1 2015, selling an estimated $146M.
- Tom Gayner's ten largest holdings make up 44% of its $3.96B portfolio in Q1 2015.
- Tom Gayner opened 5 new positions and closed 5 in Q1 2015.
- Tom Gayner's portfolio value fell 0.38% quarter-over-quarter to $3.96B.
Based on Markel Group's 13F filing for Q1 2015, filed 7 May 2015.