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 |
SLB Ltd
SLB
|
+$11.7M |
| 2 |
Core Laboratories
CLB
|
+$8.2M |
| 3 |
MON
Monsanto Co
MON
|
+$7.01M |
| 4 |
Deere & Co
DE
|
+$6.48M |
| 5 |
Watsco Inc
WSO
|
+$6.43M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FFH
FAIRFAX FINL HLDGS LTD SUB VTG
FFH
|
+$146M |
| 2 |
Microsoft
MSFT
|
+$21.8M |
| 3 |
Expeditors International
EXPD
|
+$6.11M |
| 4 |
Brown & Brown
BRO
|
+$5.45M |
| 5 |
CarMax
KMX
|
+$3.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 30.32% |
| 2 | Consumer Discretionary | 16.92% |
| 3 | Healthcare | 12.48% |
| 4 | Consumer Staples | 12.43% |
| 5 | Industrials | 11.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
McDonald's
MCD
$193B
| $17.6M | 0.45% |
181,000
| – | – |
|
|
MON
52
DELISTED
Monsanto Co
MON
| $17.3M | 0.44% |
154,000
+59,000
| +62% | +$7.01M |
|
53
Blackstone
BX
$108B
| $17.1M | 0.43% |
447,341
+23,437
| +6% | +$847K |
|
54
Nike
NKE
$60.7B
| $16.1M | 0.41% |
320,000
+10,000
| +3% | +$478K |
|
|
ITIC
55
Investors Title Co
ITIC
$558M
| $15.8M | 0.4% |
213,300
| – | – |
|
56
Liberty Media Series A
FWONA
$24.5B
| $14.6M | 0.37% |
565,178
+58,005
| +11% | +$1.45M |
|
57
Ecolab
ECL
$80.1B
| $14.4M | 0.36% |
126,000
+13,000
| +12% | +$1.42M |
|
58
Alphabet (Google) Class C
GOOG
$4.25T
| $13.8M | 0.35% |
501,373
| – | – |
|
|
59
Microsoft
MSFT
$3.64T
| $12.9M | 0.33% |
318,000
-500,000
| -61% | -$21.8M |
|
|
OAK
60
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $12.9M | 0.33% |
249,500
+96,500
| +63% | +$5.19M |
|
61
PepsiCo
PEP
$198B
| $12.8M | 0.32% |
134,300
| – | – |
|
|
MHFI
62
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $12.8M | 0.32% |
124,000
+13,000
| +12% | +$1.28M |
|
63
Accenture
ACN
$114B
| $12.6M | 0.32% |
135,000
| – | – |
|
64
Ascent Industries
ACNT
$133M
| $11.3M | 0.29% |
785,343
| – | – |
|
65
KKR & Co
KKR
$97.6B
| $10.7M | 0.27% |
468,000
+33,000
| +8% | +$779K |
|
|
66
Core Laboratories
CLB
$553M
| $10.7M | 0.27% |
102,000
+77,000
| +308% | +$8.2M |
|
67
SEI Investments
SEIC
$13.4B
| $10.4M | 0.26% |
237,000
| – | – |
|
68
Procter & Gamble
PG
$339B
| $10.4M | 0.26% |
127,000
| – | – |
|
|
LBRDK
69
DELISTED
Liberty Broadband Class C
LBRDK
| $9.74M | 0.25% |
172,113
+43,113
| +33% | +$2.18M |
|
70
Mattel
MAT
$4.17B
| $9.64M | 0.24% |
422,000
+89,000
| +27% | +$2.36M |
|
71
CME Group
CME
$100B
| $9.57M | 0.24% |
101,000
+45,000
| +80% | +$4.17M |
|
72
Brown-Forman Class B
BF.B
$13.3B
| $9.52M | 0.24% |
329,297
| – | – |
|
73
Carlyle Group
CG
$17.5B
| $9.51M | 0.24% |
351,000
+29,000
| +9% | +$771K |
|
74
Norfolk Southern
NSC
$78.8B
| $9.47M | 0.24% |
92,000
| – | – |
|
75
Mastercard
MA
$522B
| $9.16M | 0.23% |
106,000
+13,000
| +14% | +$1.13M |
|
Similar funds
Tom Gayner's Q1 2015 Portfolio in Review
As of Q1 2015, Tom Gayner held 111 positions worth $3.96B, down 0.38% from $3.97B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Tom Gayner's Q1 2015 filing shows 5 new, 47 increased, 2 reduced and 5 closed positions. Its largest new stake was Liberty Global Class A: 87,298 shares worth $3.71M. The largest sale was FAIRFAX FINL HLDGS LTD SUB VTG, an estimated $146M.
By sector, the portfolio is most concentrated in Financials at 30% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Tom Gayner's largest Q1 2015 buy was Liberty Global Class A: 87,298 shares worth $3.71M.
- Tom Gayner added most to SLB Ltd in Q1 2015, an estimated $11.7M increase.
- Tom Gayner's biggest Q1 2015 reduction was Microsoft, cutting an estimated $21.8M.
- Tom Gayner fully exited FAIRFAX FINL HLDGS LTD SUB VTG in Q1 2015, selling an estimated $146M.
- Tom Gayner's ten largest holdings make up 44% of its $3.96B portfolio in Q1 2015.
- Tom Gayner opened 5 new positions and closed 5 in Q1 2015.
- Tom Gayner's portfolio value fell 0.38% quarter-over-quarter to $3.96B.
Based on Markel Group's 13F filing for Q1 2015, filed 7 May 2015.