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 |
Alphabet (Google) Class C
GOOG
|
+$5.01M |
| 2 |
Amazon
AMZN
|
+$3.24M |
| 3 |
Analog Devices
ADI
|
+$2.99M |
| 4 |
Texas Instruments
TXN
|
+$2.92M |
| 5 |
LLTC
Linear Technology Corp
LLTC
|
+$2.79M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
United Parcel Service
UPS
|
+$76.4M |
| 2 |
FedEx
FDX
|
+$4.77M |
| 3 |
Tapestry
TPR
|
+$1.77M |
| 4 |
Donaldson
DCI
|
+$1.38M |
| 5 |
Ascent Industries
ACNT
|
+$723K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.45% |
| 2 | Consumer Discretionary | 16.66% |
| 3 | Healthcare | 13.2% |
| 4 | Industrials | 9.89% |
| 5 | Consumer Staples | 9.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Ecolab
ECL
$78.9B
| $18.1M | 0.49% |
162,000
+2,500
| +2% | +$266K |
|
52
Norfolk Southern
NSC
$78.8B
| $17.4M | 0.47% |
208,500
+1,500
| +0.7% | +$113K |
|
53
Watsco Inc
WSO
$12.9B
| $17.2M | 0.46% |
127,400
+2,400
| +2% | +$291K |
|
|
54
Alphabet (Google) Class C
GOOG
$4.18T
| $17.2M | 0.46% |
460,620
+140,000
| +44% | +$5.01M |
|
55
Liberty Media Series A
FWONA
$24.2B
| $16.5M | 0.44% |
633,594
| – | – |
|
56
Accenture
ACN
$113B
| $16.1M | 0.43% |
139,300
+2,300
| +2% | +$236K |
|
57
Harley-Davidson
HOG
$2.93B
| $15M | 0.4% |
292,000
| – | – |
|
|
MHFI
58
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $14.6M | 0.39% |
147,000
| – | – |
|
59
PepsiCo
PEP
$196B
| $14.3M | 0.38% |
139,300
| – | – |
|
60
Blackstone
BX
$108B
| $13.7M | 0.37% |
487,000
| – | – |
|
61
Mastercard
MA
$509B
| $13.6M | 0.36% |
143,600
+1,100
| +0.8% | +$97.3K |
|
62
Core Laboratories
CLB
$574M
| $12.4M | 0.33% |
110,000
+1,000
| +0.9% | +$104K |
|
63
Philip Morris
PM
$293B
| $11.2M | 0.3% |
114,500
| – | – |
|
64
CME Group
CME
$98.9B
| $11.1M | 0.3% |
116,000
| – | – |
|
65
JPMorgan Chase
JPM
$935B
| $10.8M | 0.29% |
183,000
| – | – |
|
66
Procter & Gamble
PG
$336B
| $10.5M | 0.28% |
127,000
| – | – |
|
67
Brown-Forman Class B
BF.B
$13.1B
| $10.4M | 0.28% |
329,297
| – | – |
|
68
SEI Investments
SEIC
$13.1B
| $10.3M | 0.28% |
240,000
+3,000
| +1% | +$123K |
|
69
MSCI
MSCI
$41B
| $10.1M | 0.27% |
137,000
| – | – |
|
|
LBRDK
70
DELISTED
Liberty Broadband Class C
LBRDK
| $9.97M | 0.27% |
172,113
| – | – |
|
|
71
Alphabet (Google) Class A
GOOGL
$4.22T
| $9.54M | 0.26% |
250,000
| – | – |
|
72
Capital One
COF
$134B
| $8.73M | 0.23% |
126,000
| – | – |
|
73
Halliburton
HAL
$29.4B
| $8.72M | 0.23% |
244,000
| – | – |
|
74
Emerson Electric
EMR
$87.7B
| $8.59M | 0.23% |
158,000
| – | – |
|
|
CDK
75
DELISTED
CDK Global, Inc.
CDK
| $8.23M | 0.22% |
176,897
| – | – |
|
Similar funds
Tom Gayner's Q1 2016 Portfolio in Review
As of Q1 2016, Tom Gayner held 138 positions worth $3.73B, up 0.84% from $3.69B the previous quarter. Its ten largest holdings account for 45% of the portfolio.
Tom Gayner's Q1 2016 filing shows 8 new, 40 increased, 2 reduced and 9 closed positions. Its largest new stake was Analog Devices: 56,000 shares worth $3.31M. The largest sale was United Parcel Service, an estimated $76.4M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Tom Gayner's largest Q1 2016 buy was Analog Devices: 56,000 shares worth $3.31M.
- Tom Gayner added most to Alphabet (Google) Class C in Q1 2016, an estimated $5.01M increase.
- Tom Gayner's biggest Q1 2016 reduction was Ascent Industries, cutting an estimated $723K.
- Tom Gayner fully exited United Parcel Service in Q1 2016, selling an estimated $76.4M.
- Tom Gayner's ten largest holdings make up 45% of its $3.73B portfolio in Q1 2016.
- Tom Gayner opened 8 new positions and closed 9 in Q1 2016.
- Tom Gayner's portfolio value rose 0.84% quarter-over-quarter to $3.73B.
Based on Markel Group's 13F filing for Q1 2016, filed 6 May 2016.