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 |
Illumina
ILMN
|
+$212K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$44.7M |
| 2 |
SLB Ltd
SLB
|
+$279K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.85% |
| 2 | Consumer Discretionary | 17.6% |
| 3 | Industrials | 12.13% |
| 4 | Healthcare | 11.04% |
| 5 | Consumer Staples | 9.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SCHW
26
Charles Schwab
SCHW
$194B
| $54.3M | 1.03% |
1,057,000
| – | – |
|
27
Lowe's Companies
LOW
$121B
| $53M | 1% |
570,000
| – | – |
|
28
Elevance Health
ELV
$86.9B
| $50.4M | 0.95% |
224,000
| – | – |
|
|
MRSH
29
Marsh
MRSH
$91.6B
| $49.6M | 0.94% |
609,500
| – | – |
|
30
3M
MMM
$92.3B
| $48M | 0.91% |
243,984
| – | – |
|
31
Analog Devices
ADI
$182B
| $47.9M | 0.9% |
537,811
| – | – |
|
|
MON
32
DELISTED
Monsanto Co
MON
| $46.3M | 0.87% |
396,700
| – | – |
|
33
Enovis
ENOV
$1.5B
| $45M | 0.85% |
659,476
| – | – |
|
34
Caterpillar
CAT
$381B
| $43.8M | 0.83% |
278,000
| – | – |
|
35
Moody's
MCO
$87.2B
| $42.8M | 0.81% |
290,000
| – | – |
|
36
Travelers Companies
TRV
$75.8B
| $42.7M | 0.81% |
315,000
| – | – |
|
|
ITIC
37
Investors Title Co
ITIC
$546M
| $42.3M | 0.8% |
213,300
| – | – |
|
38
Watsco Inc
WSO
$12.9B
| $40M | 0.76% |
235,500
| – | – |
|
39
Illinois Tool Works
ITW
$80.4B
| $38.4M | 0.72% |
230,000
| – | – |
|
40
American Express
AXP
$227B
| $38.3M | 0.72% |
386,000
| – | – |
|
|
OAK
41
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $37.3M | 0.7% |
886,500
| – | – |
|
42
Norfolk Southern
NSC
$78.8B
| $33.3M | 0.63% |
229,500
| – | – |
|
43
Hasbro
HAS
$13.2B
| $33.1M | 0.62% |
364,000
| – | – |
|
44
T. Rowe Price
TROW
$23.8B
| $32.9M | 0.62% |
314,000
| – | – |
|
45
Factset
FDS
$10.7B
| $31.6M | 0.6% |
164,000
| – | – |
|
46
Ecolab
ECL
$78.9B
| $30.7M | 0.58% |
228,800
| – | – |
|
47
Boeing
BA
$169B
| $27.8M | 0.53% |
94,400
| – | – |
|
48
Mastercard
MA
$509B
| $27.6M | 0.52% |
182,100
| – | – |
|
49
Blackstone
BX
$108B
| $27.2M | 0.51% |
850,000
| – | – |
|
50
Microsoft
MSFT
$3.59T
| $26.7M | 0.5% |
312,000
| – | – |
|
Similar funds
Tom Gayner's Q4 2017 Portfolio in Review
As of Q4 2017, Tom Gayner held 140 positions worth $5.3B, up 5.5% from $5.02B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Trading was light in Q4 2017: portfolio turnover was 2.1%. Tom Gayner opened 1 new position and exited 2, leaving the 140-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Tom Gayner's largest Q4 2017 buy was Illumina: 1,028 shares worth $218K.
- Tom Gayner fully exited ExxonMobil in Q4 2017, selling an estimated $44.7M.
- Tom Gayner's ten largest holdings make up 43% of its $5.3B portfolio in Q4 2017.
- Tom Gayner opened 1 new position and closed 2 in Q4 2017.
- Tom Gayner's portfolio value rose 5.5% quarter-over-quarter to $5.3B.
Based on Markel Group's 13F filing for Q4 2017, filed 9 Feb 2018.