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 |
Alphabet (Google) Class C
GOOG
|
+$11.8M |
| 2 |
Amazon
AMZN
|
+$11.1M |
| 3 |
Texas Instruments
TXN
|
+$7.16M |
| 4 |
Analog Devices
ADI
|
+$6.57M |
| 5 |
Watsco Inc
WSO
|
+$3.87M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Copart
CPRT
|
+$47.3M |
| 2 |
NOV
NOV
|
+$20.5M |
| 3 |
Capital One
COF
|
+$8M |
| 4 |
CRR
Carbo Ceramics Inc.
CRR
|
+$2.82M |
| 5 |
BCR
CR Bard Inc.
BCR
|
+$2.12M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.83% |
| 2 | Consumer Discretionary | 16.02% |
| 3 | Healthcare | 12.4% |
| 4 | Industrials | 9.95% |
| 5 | Consumer Staples | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MON
26
DELISTED
Monsanto Co
MON
| $40.5M | 1.05% |
396,700
| – | – |
|
27
Lowe's Companies
LOW
$121B
| $39M | 1.01% |
540,000
| – | – |
|
|
28
Alphabet (Google) Class C
GOOG
$4.18T
| $38.1M | 0.98% |
980,620
+310,000
| +46% | +$11.8M |
|
29
Travelers Companies
TRV
$75.8B
| $36.1M | 0.93% |
315,000
| – | – |
|
30
3M
MMM
$92.3B
| $36M | 0.93% |
243,984
| – | – |
|
31
Enovis
ENOV
$1.5B
| $35.7M | 0.92% |
659,476
| – | – |
|
|
SCHW
32
Charles Schwab
SCHW
$194B
| $33.4M | 0.86% |
1,057,000
| – | – |
|
33
Moody's
MCO
$87.2B
| $31.4M | 0.81% |
290,000
| – | – |
|
34
Hasbro
HAS
$13.2B
| $28.9M | 0.74% |
364,000
| – | – |
|
|
OAK
35
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $28.6M | 0.74% |
675,500
+31,000
| +5% | +$1.39M |
|
|
36
Amazon
AMZN
$2.79T
| $28.5M | 0.73% |
680,000
+290,000
| +74% | +$11.1M |
|
37
Elevance Health
ELV
$86.9B
| $28.1M | 0.72% |
224,000
| – | – |
|
38
Illinois Tool Works
ITW
$80.4B
| $27.6M | 0.71% |
230,000
| – | – |
|
39
Factset
FDS
$10.7B
| $26.6M | 0.69% |
164,000
| – | – |
|
40
Oracle
ORCL
$422B
| $25.1M | 0.65% |
638,000
| – | – |
|
|
41
Watsco Inc
WSO
$12.9B
| $25M | 0.64% |
177,500
+27,000
| +18% | +$3.87M |
|
42
American Express
AXP
$227B
| $24.7M | 0.64% |
386,000
| – | – |
|
43
Caterpillar
CAT
$381B
| $24.7M | 0.64% |
278,000
| – | – |
|
|
44
Texas Instruments
TXN
$241B
| $23.2M | 0.6% |
330,000
+105,000
| +47% | +$7.16M |
|
45
Norfolk Southern
NSC
$78.8B
| $22.3M | 0.57% |
229,500
| – | – |
|
46
CVS Health
CVS
$119B
| $22M | 0.57% |
247,000
| – | – |
|
|
DISCK
47
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $21.9M | 0.56% |
833,000
+77,000
| +10% | +$1.91M |
|
48
Ecolab
ECL
$78.9B
| $21.9M | 0.56% |
179,800
+14,000
| +8% | +$1.69M |
|
|
ITIC
49
Investors Title Co
ITIC
$546M
| $21.2M | 0.55% |
213,300
| – | – |
|
|
50
Analog Devices
ADI
$182B
| $20.1M | 0.52% |
312,000
+106,000
| +51% | +$6.57M |
|
Similar funds
Tom Gayner's Q3 2016 Portfolio in Review
As of Q3 2016, Tom Gayner held 134 positions worth $3.88B, up 2.2% from $3.79B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Tom Gayner's Q3 2016 filing shows 4 new, 41 increased, 1 reduced and 5 closed positions. Its largest new stake was NXP Semiconductors: 33,000 shares worth $3.37M. The largest sale was Copart, an estimated $47.3M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Tom Gayner's largest Q3 2016 buy was NXP Semiconductors: 33,000 shares worth $3.37M.
- Tom Gayner added most to Alphabet (Google) Class C in Q3 2016, an estimated $11.8M increase.
- Tom Gayner's biggest Q3 2016 reduction was Liberty Latin America Class A, cutting an estimated $118.
- Tom Gayner fully exited Copart in Q3 2016, selling an estimated $47.3M.
- Tom Gayner's ten largest holdings make up 43% of its $3.88B portfolio in Q3 2016.
- Tom Gayner opened 4 new positions and closed 5 in Q3 2016.
- Tom Gayner's portfolio value rose 2.2% quarter-over-quarter to $3.88B.
Based on Markel Group's 13F filing for Q3 2016, filed 4 Nov 2016.