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 |
The Mosaic Company
MOS
|
+$6.98M |
| 2 |
Blackrock
BLK
|
+$6.57M |
| 3 |
ENI
E
|
+$4.86M |
| 4 |
Ascent Industries
ACNT
|
+$4.79M |
| 5 |
Chevron
CVX
|
+$4.06M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Atlantic Union Bankshares
AUB
|
+$34.1M |
| 2 |
PCL
PLUM CREEK TIMBER CO (REIT)
PCL
|
+$15.2M |
| 3 |
Jefferies Financial Group
JEF
|
+$8.73M |
| 4 |
CarMax
KMX
|
+$3.66M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$2.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.66% |
| 2 | Consumer Discretionary | 16.06% |
| 3 | Consumer Staples | 13.6% |
| 4 | Healthcare | 11.9% |
| 5 | Industrials | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
Jefferies Financial Group
JEF
$12.1B
| $10.6M | 0.36% |
436,164
-364,742
| -46% | -$8.73M |
|
52
Emerson Electric
EMR
$87.6B
| $10.6M | 0.36% |
163,100
-6,700
| -4% | -$410K |
|
53
Alphabet (Google) Class C
GOOG
$4.24T
| $10.4M | 0.36% |
477,784
+104,390
| +28% | +$2.31M |
|
54
PepsiCo
PEP
$198B
| $10.4M | 0.36% |
130,300
| – | – |
|
|
AHGP
55
DELISTED
Alliance Holdings GP
AHGP
| $9.97M | 0.34% |
166,500
| – | – |
|
56
Philip Morris
PM
$300B
| $9.91M | 0.34% |
114,500
-2,200
| -2% | -$192K |
|
|
57
Chevron
CVX
$397B
| $9.23M | 0.32% |
76,000
+33,000
| +77% | +$4.06M |
|
|
58
Blackrock
BLK
$181B
| $9.01M | 0.31% |
33,300
+24,200
| +266% | +$6.57M |
|
59
Hasbro
HAS
$13.3B
| $8.99M | 0.31% |
190,800
| – | – |
|
60
Nike
NKE
$60.7B
| $8.75M | 0.3% |
240,800
| – | – |
|
61
Accenture
ACN
$114B
| $8.44M | 0.29% |
114,600
-3,000
| -3% | -$222K |
|
|
BNY
62
Bank of New York Mellon
BNY
$110B
| $7.9M | 0.27% |
261,603
-943
| -0.4% | -$28.9K |
|
63
Northern Trust
NTRS
$34.3B
| $7.61M | 0.26% |
140,000
| – | – |
|
64
Norfolk Southern
NSC
$78.8B
| $7.3M | 0.25% |
94,400
| – | – |
|
65
Brown-Forman Class B
BF.B
$13.3B
| $7.25M | 0.25% |
332,413
| – | – |
|
66
Elevance Health
ELV
$87B
| $6.52M | 0.22% |
78,000
| – | – |
|
|
67
The Mosaic Company
MOS
$7.61B
| $6.45M | 0.22% |
+150,000
| New | +$6.98M |
|
|
68
ENI
E
$79.5B
| $6.35M | 0.22% |
138,000
+108,000
| +360% | +$4.86M |
|
69
Paychex
PAYX
$44.9B
| $6.13M | 0.21% |
150,900
| – | – |
|
70
Mattel
MAT
$4.17B
| $5.97M | 0.2% |
142,500
+1,500
| +1% | +$64.2K |
|
71
Oneok
OKE
$58.4B
| $5.87M | 0.2% |
125,642
+45,688
| +57% | +$1.98M |
|
72
Expeditors International
EXPD
$24.3B
| $5.86M | 0.2% |
133,000
| – | – |
|
|
PDCO
73
DELISTED
Patterson Companies, Inc.
PDCO
| $5.84M | 0.2% |
145,400
-200
| -0.1% | -$8.1K |
|
74
Blackstone
BX
$108B
| $5.81M | 0.2% |
237,835
+118,714
| +100% | +$2.64M |
|
75
RTX Corp
RTX
$282B
| $5.78M | 0.2% |
85,170
| – | – |
|
Similar funds
Tom Gayner's Q3 2013 Portfolio in Review
As of Q3 2013, Tom Gayner held 112 positions worth $2.92B, up 4.3% from $2.8B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Tom Gayner's Q3 2013 filing shows 5 new, 30 increased, 35 reduced and 5 closed positions. Its largest new stake was The Mosaic Company: 150,000 shares worth $6.45M. The largest sale was Atlantic Union Bankshares, an estimated $34.1M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
- Tom Gayner's largest Q3 2013 buy was The Mosaic Company: 150,000 shares worth $6.45M.
- Tom Gayner added most to Blackrock in Q3 2013, an estimated $6.57M increase.
- Tom Gayner's biggest Q3 2013 reduction was Jefferies Financial Group, cutting an estimated $8.73M.
- Tom Gayner fully exited Atlantic Union Bankshares in Q3 2013, selling an estimated $34.1M.
- Tom Gayner's ten largest holdings make up 47% of its $2.92B portfolio in Q3 2013.
- Tom Gayner opened 5 new positions and closed 5 in Q3 2013.
- Tom Gayner's portfolio value rose 4.3% quarter-over-quarter to $2.92B.
Based on Markel Group's 13F filing for Q3 2013, filed 12 Nov 2013.