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 |
Goldman Sachs
GS
|
+$25.5M |
| 2 |
Southwest Airlines
LUV
|
+$7.51M |
| 3 |
NVR
NVR
|
+$7.47M |
| 4 |
ScottsMiracle-Gro
SMG
|
+$7.12M |
| 5 |
Delta Air Lines
DAL
|
+$7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
|
+$34.8M |
| 2 |
Chipotle Mexican Grill
CMG
|
+$5.83M |
| 3 |
Verizon
VZ
|
+$5.5M |
| 4 |
Meta Platforms (Facebook)
META
|
+$466K |
| 5 |
Booking.com
BKNG
|
+$89.8K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.98% |
| 2 | Consumer Discretionary | 20.2% |
| 3 | Industrials | 10.94% |
| 4 | Communication Services | 9.82% |
| 5 | Consumer Staples | 8.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Boeing
BA
$169B
| $34.4M | 0.53% |
94,400
| – | – |
|
52
Whirlpool
WHR
$2.63B
| $33.8M | 0.52% |
237,319
+42,570
| +22% | +$5.71M |
|
53
HEICO Corp Class A
HEI.A
$36.5B
| $33.7M | 0.52% |
326,145
+22,000
| +7% | +$2.03M |
|
54
KKR & Co
KKR
$97.4B
| $33.5M | 0.52% |
1,326,000
+27,500
| +2% | +$658K |
|
55
S&P Global
SPGI
$127B
| $33.5M | 0.51% |
147,000
| – | – |
|
|
DISCK
56
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $33.5M | 0.51% |
1,176,000
+5,000
| +0.4% | +$136K |
|
57
Factset
FDS
$10.7B
| $33.3M | 0.51% |
116,220
+220
| +0.2% | +$60.9K |
|
58
MSCI
MSCI
$41B
| $32.7M | 0.5% |
137,000
| – | – |
|
59
Live Nation Entertainment
LYV
$42.4B
| $32.4M | 0.5% |
488,700
| – | – |
|
60
Enovis
ENOV
$1.5B
| $31.8M | 0.49% |
659,476
| – | – |
|
61
Nike
NKE
$60.5B
| $30.7M | 0.47% |
366,000
| – | – |
|
62
Accenture
ACN
$113B
| $29.5M | 0.45% |
159,400
| – | – |
|
63
RTX Corp
RTX
$283B
| $29.2M | 0.45% |
355,936
| – | – |
|
64
Rollins
ROL
$17.8B
| $28.6M | 0.44% |
1,197,075
+9,750
| +0.8% | +$251K |
|
|
65
Meta Platforms (Facebook)
META
$1.4T
| $27.3M | 0.42% |
141,530
-2,550
| -2% | -$466K |
|
|
SRCL
66
DELISTED
Stericycle Inc
SRCL
| $27.2M | 0.42% |
569,500
+24,000
| +4% | +$1.22M |
|
67
Carlyle Group
CG
$17.6B
| $26.6M | 0.41% |
1,177,000
+33,000
| +3% | +$679K |
|
68
Brown-Forman Class B
BF.B
$13.1B
| $26.3M | 0.4% |
474,187
| – | – |
|
69
CME Group
CME
$98.9B
| $26.2M | 0.4% |
135,000
| – | – |
|
70
Tyson Foods
TSN
$20.6B
| $25.1M | 0.39% |
311,000
+25,000
| +9% | +$1.93M |
|
71
Comcast
CMCSA
$95.3B
| $21.6M | 0.33% |
512,000
+72,000
| +16% | +$3.04M |
|
72
SEI Investments
SEIC
$13.1B
| $21.5M | 0.33% |
383,200
| – | – |
|
|
LBRDA
73
DELISTED
Liberty Broadband Class A
LBRDA
| $21.1M | 0.32% |
205,250
| – | – |
|
74
JPMorgan Chase
JPM
$935B
| $21.1M | 0.32% |
188,550
+2,400
| +1% | +$265K |
|
75
Rockwell Automation
ROK
$48.5B
| $20.9M | 0.32% |
127,800
| – | – |
|
Similar funds
Tom Gayner's Q2 2019 Portfolio in Review
As of Q2 2019, Tom Gayner held 139 positions worth $6.5B, up 9% from $5.97B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Tom Gayner's Q2 2019 filing shows 6 new, 57 increased, 4 reduced and 2 closed positions. Its largest new stake was Bank of New York Mellon: 80,000 shares worth $3.53M. The largest sale was OAKTREE CAPITAL GROUP, LLC, an estimated $34.8M.
By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Tom Gayner's largest Q2 2019 buy was Bank of New York Mellon: 80,000 shares worth $3.53M.
- Tom Gayner added most to Goldman Sachs in Q2 2019, an estimated $25.5M increase.
- Tom Gayner's biggest Q2 2019 reduction was OAKTREE CAPITAL GROUP, LLC, cutting an estimated $34.8M.
- Tom Gayner fully exited Chipotle Mexican Grill in Q2 2019, selling an estimated $5.83M.
- Tom Gayner's ten largest holdings make up 40% of its $6.5B portfolio in Q2 2019.
- Tom Gayner opened 6 new positions and closed 2 in Q2 2019.
- Tom Gayner's portfolio value rose 9% quarter-over-quarter to $6.5B.
Based on Markel Group's 13F filing for Q2 2019, filed 2 Aug 2019.