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 |
Deere & Co
DE
|
+$7.19M |
| 2 |
SLB Ltd
SLB
|
+$6.95M |
| 3 |
JPMorgan Chase
JPM
|
+$5.55M |
| 4 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$4.36M |
| 5 |
Watsco Inc
WSO
|
+$4.36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$12.9M |
| 2 |
Cisco
CSCO
|
+$633K |
| 3 |
LGI Homes
LGIH
|
+$283K |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$20.2K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.99% |
| 2 | Consumer Discretionary | 16.37% |
| 3 | Consumer Staples | 12.47% |
| 4 | Healthcare | 12.41% |
| 5 | Industrials | 12.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
AB InBev
BUD
$155B
| $51.3M | 1.28% |
425,000
| – | – |
|
27
Enovis
ENOV
$1.5B
| $50.1M | 1.25% |
630,426
| – | – |
|
28
Blackrock
BLK
$179B
| $48.4M | 1.21% |
140,000
+11,000
| +9% | +$4.01M |
|
29
Brown-Forman Class A
BF.A
$13.3B
| $47M | 1.17% |
1,053,750
| – | – |
|
30
Automatic Data Processing
ADP
$112B
| $42.6M | 1.06% |
530,700
| – | – |
|
31
Elevance Health
ELV
$86.9B
| $36.8M | 0.92% |
224,000
| – | – |
|
32
Lowe's Companies
LOW
$121B
| $36.2M | 0.9% |
540,000
| – | – |
|
|
SCHW
33
Charles Schwab
SCHW
$194B
| $34.5M | 0.86% |
1,057,000
| – | – |
|
34
Copart
CPRT
$31.3B
| $33.6M | 0.84% |
7,568,000
+440,000
| +6% | +$1.98M |
|
35
3M
MMM
$92.3B
| $31.5M | 0.79% |
243,984
| – | – |
|
36
Intel
INTC
$476B
| $30.1M | 0.75% |
991,000
| – | – |
|
37
Moody's
MCO
$87.2B
| $30M | 0.75% |
278,000
+11,000
| +4% | +$1.18M |
|
|
CB
38
DELISTED
CHUBB CORPORATION
CB
| $29.9M | 0.75% |
314,000
+36,000
| +13% | +$3.55M |
|
39
NOV
NOV
$7.28B
| $29.5M | 0.74% |
610,000
+35,000
| +6% | +$1.8M |
|
40
American Express
AXP
$227B
| $28.5M | 0.71% |
367,000
+6,000
| +2% | +$476K |
|
41
Hasbro
HAS
$13.2B
| $27.2M | 0.68% |
364,000
+6,000
| +2% | +$428K |
|
42
Travelers Companies
TRV
$75.8B
| $26.1M | 0.65% |
270,000
+11,000
| +4% | +$1.13M |
|
43
CVS Health
CVS
$119B
| $25.9M | 0.65% |
247,000
+2,000
| +0.8% | +$204K |
|
|
MRSH
44
Marsh
MRSH
$91.6B
| $25.9M | 0.65% |
456,000
+55,000
| +14% | +$3.18M |
|
45
Oracle
ORCL
$422B
| $25.7M | 0.64% |
638,000
| – | – |
|
46
Factset
FDS
$10.7B
| $24.7M | 0.62% |
152,000
+11,000
| +8% | +$1.79M |
|
47
Illinois Tool Works
ITW
$80.4B
| $21.1M | 0.53% |
230,000
| – | – |
|
48
Caterpillar
CAT
$381B
| $20.4M | 0.51% |
241,000
| – | – |
|
|
MON
49
DELISTED
Monsanto Co
MON
| $20.4M | 0.51% |
191,000
+37,000
| +24% | +$4.29M |
|
50
T. Rowe Price
TROW
$23.8B
| $19.7M | 0.49% |
254,000
+4,000
| +2% | +$323K |
|
Similar funds
Tom Gayner's Q2 2015 Portfolio in Review
As of Q2 2015, Tom Gayner held 114 positions worth $4B, up 1.2% from $3.96B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Tom Gayner's Q2 2015 filing shows 8 new, 52 increased, 1 reduced and 3 closed positions. Its largest new stake was JPMorgan Chase: 85,000 shares worth $5.76M. The largest sale was Microsoft, an estimated $12.9M.
By sector, the portfolio is most concentrated in Financials at 30% of assets, down from 30% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
- Tom Gayner's largest Q2 2015 buy was JPMorgan Chase: 85,000 shares worth $5.76M.
- Tom Gayner added most to Deere & Co in Q2 2015, an estimated $7.19M increase.
- Tom Gayner's biggest Q2 2015 reduction was Alphabet (Google) Class C, cutting an estimated $20.2K.
- Tom Gayner fully exited Microsoft in Q2 2015, selling an estimated $12.9M.
- Tom Gayner's ten largest holdings make up 43% of its $4B portfolio in Q2 2015.
- Tom Gayner opened 8 new positions and closed 3 in Q2 2015.
- Tom Gayner's portfolio value rose 1.2% quarter-over-quarter to $4B.
Based on Markel Group's 13F filing for Q2 2015, filed 14 Aug 2015.