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 |
Amazon
AMZN
|
+$9.4M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$9.35M |
| 3 |
Texas Instruments
TXN
|
+$6.07M |
| 4 |
Analog Devices
ADI
|
+$5.44M |
| 5 |
SRCL
Stericycle Inc
SRCL
|
+$3.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Harley-Davidson
HOG
|
+$16M |
| 2 |
Emerson Electric
EMR
|
+$8.61M |
| 3 |
Cummins
CMI
|
+$4.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.64% |
| 2 | Consumer Discretionary | 16.8% |
| 3 | Healthcare | 12.05% |
| 4 | Industrials | 10.26% |
| 5 | Consumer Staples | 8.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MRSH
26
Marsh
MRSH
$91.6B
| $41.2M | 0.99% |
609,500
| – | – |
|
27
Enovis
ENOV
$1.5B
| $40.8M | 0.98% |
659,476
| – | – |
|
28
Brown-Forman Class A
BF.A
$13.3B
| $39M | 0.94% |
1,053,750
| – | – |
|
29
Travelers Companies
TRV
$75.8B
| $38.6M | 0.93% |
315,000
| – | – |
|
|
NVO
30
Novo Nordisk
NVO
$207B
| $38.5M | 0.93% |
2,150,000
| – | – |
|
31
Lowe's Companies
LOW
$121B
| $38.4M | 0.93% |
540,000
| – | – |
|
32
3M
MMM
$92.3B
| $36.4M | 0.88% |
243,984
| – | – |
|
|
33
Amazon
AMZN
$2.79T
| $34.5M | 0.83% |
920,000
+240,000
| +35% | +$9.4M |
|
|
ITIC
34
Investors Title Co
ITIC
$546M
| $33.7M | 0.81% |
213,300
| – | – |
|
35
Elevance Health
ELV
$86.9B
| $32.2M | 0.78% |
224,000
| – | – |
|
|
36
Texas Instruments
TXN
$241B
| $30.3M | 0.73% |
415,000
+85,000
| +26% | +$6.07M |
|
37
American Express
AXP
$227B
| $28.6M | 0.69% |
386,000
| – | – |
|
|
38
Analog Devices
ADI
$182B
| $28.5M | 0.69% |
392,000
+80,000
| +26% | +$5.44M |
|
39
Hasbro
HAS
$13.2B
| $28.3M | 0.68% |
364,000
| – | – |
|
40
Illinois Tool Works
ITW
$80.4B
| $28.2M | 0.68% |
230,000
| – | – |
|
41
Watsco Inc
WSO
$12.9B
| $28M | 0.67% |
189,000
+11,500
| +6% | +$1.67M |
|
42
Moody's
MCO
$87.2B
| $27.3M | 0.66% |
290,000
| – | – |
|
43
Factset
FDS
$10.7B
| $26.8M | 0.65% |
164,000
| – | – |
|
|
OAK
44
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $26.1M | 0.63% |
695,500
+20,000
| +3% | +$802K |
|
45
Caterpillar
CAT
$381B
| $25.8M | 0.62% |
278,000
| – | – |
|
46
Norfolk Southern
NSC
$78.8B
| $24.8M | 0.6% |
229,500
| – | – |
|
47
Oracle
ORCL
$422B
| $24.5M | 0.59% |
638,000
| – | – |
|
|
DISCK
48
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $23.9M | 0.58% |
892,000
+59,000
| +7% | +$1.56M |
|
49
T. Rowe Price
TROW
$23.8B
| $23.6M | 0.57% |
314,000
+20,000
| +7% | +$1.42M |
|
50
Ecolab
ECL
$78.9B
| $22.5M | 0.54% |
191,800
+12,000
| +7% | +$1.4M |
|
Similar funds
Tom Gayner's Q4 2016 Portfolio in Review
As of Q4 2016, Tom Gayner held 136 positions worth $4.15B, up 6.9% from $3.88B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Tom Gayner's Q4 2016 filing shows 7 new, 46 increased and 3 closed positions. Its largest new stake was Dollar Tree: 22,000 shares worth $1.7M. The largest sale was Harley-Davidson, an estimated $16M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 32% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Tom Gayner's largest Q4 2016 buy was Dollar Tree: 22,000 shares worth $1.7M.
- Tom Gayner added most to Amazon in Q4 2016, an estimated $9.4M increase.
- Tom Gayner fully exited Harley-Davidson in Q4 2016, selling an estimated $16M.
- Tom Gayner's ten largest holdings make up 44% of its $4.15B portfolio in Q4 2016.
- Tom Gayner opened 7 new positions and closed 3 in Q4 2016.
- Tom Gayner's portfolio value rose 6.9% quarter-over-quarter to $4.15B.
Based on Markel Group's 13F filing for Q4 2016, filed 10 Feb 2017.