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 |
Unilever
UL
|
+$15.6M |
| 2 |
SLB Ltd
SLB
|
+$7.78M |
| 3 |
Copart
CPRT
|
+$7.45M |
| 4 |
CVS Health
CVS
|
+$6.78M |
| 5 |
Liberty Media Series A
FWONA
|
+$5.52M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AHGP
Alliance Holdings GP
AHGP
|
+$9.76M |
| 2 |
Amazon
AMZN
|
+$6.26M |
| 3 |
BTU
PEABODY ENERGY CORP COM STK NEW (DE)
BTU
|
+$5.08M |
| 4 |
IBM
IBM
|
+$4.54M |
| 5 |
BNY
Bank of New York Mellon
BNY
|
+$3.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.12% |
| 2 | Consumer Discretionary | 14.4% |
| 3 | Consumer Staples | 13.79% |
| 4 | Healthcare | 13.39% |
| 5 | Industrials | 9.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BRSL
51
Brightstar Lottery PLC
BRSL
$2.21B
| $12.9M | 0.4% |
915,000
-116,700
| -11% | -$1.81M |
|
52
Hasbro
HAS
$13.3B
| $12.2M | 0.37% |
219,000
+200
| +0.1% | +$10.6K |
|
53
Chevron
CVX
$397B
| $11.7M | 0.36% |
98,000
+3,000
| +3% | +$349K |
|
54
Ascent Industries
ACNT
$133M
| $11.3M | 0.35% |
785,343
| – | – |
|
55
Brown & Brown
BRO
$24.9B
| $11.2M | 0.35% |
731,256
| – | – |
|
56
PepsiCo
PEP
$198B
| $10.8M | 0.33% |
129,300
-1,000
| -0.8% | -$81.2K |
|
57
Blackstone
BX
$108B
| $10.6M | 0.33% |
325,061
+25,067
| +8% | +$800K |
|
58
Emerson Electric
EMR
$87.5B
| $10.6M | 0.32% |
158,000
-4,900
| -3% | -$322K |
|
59
Brown-Forman Class B
BF.B
$13.3B
| $9.45M | 0.29% |
329,297
-3,116
| -0.9% | -$81.7K |
|
60
Philip Morris
PM
$300B
| $9.37M | 0.29% |
114,500
| – | – |
|
61
Loews
L
$22.8B
| $9.25M | 0.28% |
210,000
-25,000
| -11% | -$1.12M |
|
62
Northern Trust
NTRS
$34.3B
| $9.18M | 0.28% |
140,000
| – | – |
|
63
Mattel
MAT
$4.17B
| $8.95M | 0.27% |
223,000
+37,500
| +20% | +$1.49M |
|
64
Norfolk Southern
NSC
$78.8B
| $8.94M | 0.27% |
92,000
-2,400
| -3% | -$223K |
|
65
Nike
NKE
$60.7B
| $8.86M | 0.27% |
240,000
-800
| -0.3% | -$30.2K |
|
66
Factset
FDS
$10.8B
| $8.84M | 0.27% |
82,000
+26,000
| +46% | +$2.75M |
|
67
Accenture
ACN
$114B
| $8.77M | 0.27% |
110,000
-4,400
| -4% | -$361K |
|
68
ENI
E
$79.5B
| $8.38M | 0.26% |
167,000
| – | – |
|
69
Carlyle Group
CG
$17.5B
| $7.84M | 0.24% |
223,000
+27,000
| +14% | +$947K |
|
70
The Mosaic Company
MOS
$7.61B
| $7.75M | 0.24% |
155,000
| – | – |
|
71
Procter & Gamble
PG
$339B
| $7.66M | 0.24% |
95,000
+53,100
| +127% | +$4.18M |
|
72
SEI Investments
SEIC
$13.4B
| $7.63M | 0.23% |
227,000
+27,000
| +14% | +$918K |
|
73
Ecolab
ECL
$80.1B
| $7.56M | 0.23% |
70,000
+13,600
| +24% | +$1.42M |
|
74
KKR & Co
KKR
$97.6B
| $7.38M | 0.23% |
323,000
+33,000
| +11% | +$799K |
|
|
75
CVS Health
CVS
$119B
| $7.19M | 0.22% |
+96,000
| New | +$6.78M |
|
Similar funds
Tom Gayner's Q1 2014 Portfolio in Review
As of Q1 2014, Tom Gayner held 115 positions worth $3.26B, up 3% from $3.16B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Tom Gayner's Q1 2014 filing shows 6 new, 27 increased, 55 reduced and 10 closed positions. Its largest new stake was CVS Health: 96,000 shares worth $7.19M. The largest sale was Alliance Holdings GP, an estimated $9.76M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
- Tom Gayner's largest Q1 2014 buy was CVS Health: 96,000 shares worth $7.19M.
- Tom Gayner added most to Unilever in Q1 2014, an estimated $15.6M increase.
- Tom Gayner's biggest Q1 2014 reduction was CarMax, cutting an estimated $2.95M.
- Tom Gayner fully exited Alliance Holdings GP in Q1 2014, selling an estimated $9.76M.
- Tom Gayner's ten largest holdings make up 45% of its $3.26B portfolio in Q1 2014.
- Tom Gayner opened 6 new positions and closed 10 in Q1 2014.
- Tom Gayner's portfolio value rose 3% quarter-over-quarter to $3.26B.
Based on Markel Group's 13F filing for Q1 2014, filed 13 May 2014.