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 |
Match Group
MTCH
|
+$377K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPLI
People Inc
PPLI
|
+$525K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 38.87% |
| 2 | Consumer Discretionary | 15.91% |
| 3 | Industrials | 11.69% |
| 4 | Communication Services | 10.67% |
| 5 | Technology | 9.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Progressive
PGR
$127B
| $63.9M | 1.08% |
674,500
| – | – |
|
27
Illinois Tool Works
ITW
$80.4B
| $63.3M | 1.07% |
327,500
| – | – |
|
28
Ecolab
ECL
$78.9B
| $61.8M | 1.05% |
309,300
| – | – |
|
29
Moody's
MCO
$87.2B
| $61.2M | 1.04% |
211,080
| – | – |
|
30
Brown-Forman Class A
BF.A
$13.3B
| $57.9M | 0.98% |
843,000
| – | – |
|
31
General Dynamics
GD
$104B
| $53.6M | 0.91% |
387,000
| – | – |
|
32
S&P Global
SPGI
$127B
| $53M | 0.9% |
147,000
| – | – |
|
33
Whirlpool
WHR
$2.63B
| $49.8M | 0.84% |
270,939
| – | – |
|
34
Norfolk Southern
NSC
$78.8B
| $49.1M | 0.83% |
229,500
| – | – |
|
35
MSCI
MSCI
$41B
| $48.9M | 0.83% |
137,000
| – | – |
|
36
American Express
AXP
$227B
| $48.5M | 0.82% |
483,950
| – | – |
|
37
KKR & Co
KKR
$97.4B
| $47.4M | 0.8% |
1,379,400
| – | – |
|
38
Nike
NKE
$60.5B
| $45.9M | 0.78% |
366,000
| – | – |
|
39
Starbucks
SBUX
$122B
| $45.4M | 0.77% |
527,818
| – | – |
|
40
Apollo Global Management
APO
$78.4B
| $45.3M | 0.77% |
1,012,500
| – | – |
|
41
Rollins
ROL
$17.8B
| $44.9M | 0.76% |
1,243,275
| – | – |
|
42
Caterpillar
CAT
$381B
| $42.9M | 0.73% |
287,500
| – | – |
|
43
T. Rowe Price
TROW
$23.8B
| $40.3M | 0.68% |
314,000
| – | – |
|
|
SCHW
44
Charles Schwab
SCHW
$194B
| $39.7M | 0.67% |
1,095,300
| – | – |
|
45
Factset
FDS
$10.7B
| $39.1M | 0.66% |
116,680
| – | – |
|
46
NVR
NVR
$16.9B
| $38.8M | 0.66% |
9,495
| – | – |
|
47
Meta Platforms (Facebook)
META
$1.4T
| $38M | 0.64% |
145,000
| – | – |
|
48
3M
MMM
$92.3B
| $37.5M | 0.64% |
280,103
| – | – |
|
|
SRCL
49
DELISTED
Stericycle Inc
SRCL
| $37.4M | 0.63% |
593,700
| – | – |
|
50
Accenture
ACN
$113B
| $36M | 0.61% |
159,400
| – | – |
|
Similar funds
Tom Gayner's Q3 2020 Portfolio in Review
As of Q3 2020, Tom Gayner held 114 positions worth $5.9B, up 9.9% from $5.37B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 1.8%. Tom Gayner opened 1 new position and exited 1, leaving the 114-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 39% of assets, down from 40% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Tom Gayner's largest Q3 2020 buy was Match Group: 3,561 shares worth $394K.
- Tom Gayner fully exited People Inc in Q3 2020, selling an estimated $525K.
- Tom Gayner's ten largest holdings make up 43% of its $5.9B portfolio in Q3 2020.
- Tom Gayner opened 1 new position and closed 1 in Q3 2020.
- Tom Gayner's portfolio value rose 9.9% quarter-over-quarter to $5.9B.
Based on Markel Group's 13F filing for Q3 2020, filed 30 Oct 2020.