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 |
BNY
Bank of New York Mellon
BNY
|
+$4.03M |
| 2 |
Mohawk Industries
MHK
|
+$4.03M |
| 3 |
Analog Devices
ADI
|
+$3.28M |
| 4 |
Healthcare Services Group
HCSG
|
+$3.21M |
| 5 |
Berkshire Hathaway Class A
BRK.A
|
+$2.87M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$176M |
| 2 |
Unilever
UL
|
+$87.3M |
| 3 |
ScottsMiracle-Gro
SMG
|
+$44.8M |
| 4 |
Hasbro
HAS
|
+$38.4M |
| 5 |
WBA
Walgreens Boots Alliance
WBA
|
+$14M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 36.56% |
| 2 | Consumer Discretionary | 18.7% |
| 3 | Industrials | 11.27% |
| 4 | Communication Services | 9.92% |
| 5 | Technology | 8.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Rollins
ROL
$17.8B
| $30M | 0.56% |
1,243,275
+14,250
| +1% | +$352K |
|
|
SRCL
52
DELISTED
Stericycle Inc
SRCL
| $28.8M | 0.54% |
593,700
+25,700
| +5% | +$1.51M |
|
|
ITIC
53
Investors Title Co
ITIC
$546M
| $27.3M | 0.51% |
213,300
| – | – |
|
54
Carlyle Group
CG
$17.6B
| $26.5M | 0.5% |
1,222,000
+12,000
| +1% | +$346K |
|
55
Brown-Forman Class B
BF.B
$13.1B
| $26.3M | 0.5% |
474,187
| – | – |
|
56
Accenture
ACN
$113B
| $26M | 0.49% |
159,400
| – | – |
|
57
Meta Platforms (Facebook)
META
$1.4T
| $24.2M | 0.45% |
145,000
+1,810
| +1% | +$354K |
|
58
Whirlpool
WHR
$2.63B
| $23.2M | 0.44% |
270,939
+8,400
| +3% | +$1.1M |
|
59
NVR
NVR
$16.9B
| $22.8M | 0.43% |
8,855
+500
| +6% | +$1.79M |
|
|
60
Mohawk Industries
MHK
$9.23B
| $22.5M | 0.42% |
295,000
+34,000
| +13% | +$4.03M |
|
61
Enovis
ENOV
$1.5B
| $22.5M | 0.42% |
659,476
| – | – |
|
62
Live Nation Entertainment
LYV
$42.4B
| $22.2M | 0.42% |
488,700
| – | – |
|
|
LBRDA
63
DELISTED
Liberty Broadband Class A
LBRDA
| $22M | 0.41% |
205,250
| – | – |
|
64
HEICO Corp Class A
HEI.A
$36.5B
| $21.9M | 0.41% |
343,144
+1,500
| +0.4% | +$134K |
|
65
Rockwell Automation
ROK
$48.5B
| $21.4M | 0.4% |
142,100
+2,000
| +1% | +$371K |
|
66
Tyson Foods
TSN
$20.6B
| $21.4M | 0.4% |
369,000
+13,500
| +4% | +$1.01M |
|
67
RTX Corp
RTX
$283B
| $21.1M | 0.4% |
355,936
| – | – |
|
68
CVS Health
CVS
$119B
| $19.7M | 0.37% |
332,000
| – | – |
|
69
JPMorgan Chase
JPM
$935B
| $19.6M | 0.37% |
217,350
+1,670
| +0.8% | +$203K |
|
70
Southwest Airlines
LUV
$19.8B
| $19.4M | 0.37% |
545,000
+54,500
| +11% | +$2.7M |
|
|
LBRDK
71
DELISTED
Liberty Broadband Class C
LBRDK
| $19.1M | 0.36% |
172,113
| – | – |
|
72
Comcast
CMCSA
$95.3B
| $17.9M | 0.34% |
522,000
+1,000
| +0.2% | +$42.2K |
|
73
SEI Investments
SEIC
$13.1B
| $17.8M | 0.33% |
383,200
| – | – |
|
|
ATVI
74
DELISTED
Activision Blizzard
ATVI
| $16.9M | 0.32% |
283,800
+3,000
| +1% | +$178K |
|
|
75
Healthcare Services Group
HCSG
$1.56B
| $16.7M | 0.31% |
698,500
+125,000
| +22% | +$3.21M |
|
Similar funds
Tom Gayner's Q1 2020 Portfolio in Review
As of Q1 2020, Tom Gayner held 139 positions worth $5.32B, down 26% from $7.2B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Tom Gayner withdrew a net $344M in Q1 2020, closing 9 positions and reducing 3 holdings. Its most notable exit was UnitedHealth, an estimated $176M position sold in full.
By sector, the portfolio is most concentrated in Financials at 37% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Industrials.
Against the trend, Tom Gayner opened a new position in Guidewire Software worth $1.03M.
- Tom Gayner's largest Q1 2020 buy was Guidewire Software: 13,000 shares worth $1.03M.
- Tom Gayner added most to Bank of New York Mellon in Q1 2020, an estimated $4.03M increase.
- Tom Gayner's biggest Q1 2020 reduction was Walgreens Boots Alliance, cutting an estimated $14M.
- Tom Gayner fully exited UnitedHealth in Q1 2020, selling an estimated $176M.
- Tom Gayner's ten largest holdings make up 40% of its $5.32B portfolio in Q1 2020.
- Tom Gayner opened 5 new positions and closed 9 in Q1 2020.
- Tom Gayner's portfolio value fell 26% quarter-over-quarter to $5.32B.
Based on Markel Group's 13F filing for Q1 2020, filed 1 May 2020.