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 | |
|---|---|---|---|---|---|---|
76
Paychex
PAYX
$44.9B
| $6.39M | 0.2% |
150,000
-900
| -0.6% | -$38.2K |
|
77
RTX Corp
RTX
$282B
| $6.19M | 0.19% |
84,217
-953
| -1% | -$68.5K |
|
|
PDCO
78
DELISTED
Patterson Companies, Inc.
PDCO
| $6.05M | 0.19% |
145,000
| – | – |
|
79
Mastercard
MA
$522B
| $5.98M | 0.18% |
80,000
| – | – |
|
80
Apollo Global Management
APO
$78.5B
| $5.79M | 0.18% |
182,000
+26,700
| +17% | +$870K |
|
81
Expeditors International
EXPD
$24.3B
| $5.43M | 0.17% |
137,000
| – | – |
|
82
Travelers Companies
TRV
$77.7B
| $5.19M | 0.16% |
+61,000
| New | +$5.13M |
|
83
Coca-Cola
KO
$395B
| $5.03M | 0.15% |
130,000
-1,900
| -1% | -$73.4K |
|
|
MHFI
84
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $4.58M | 0.14% |
60,000
+30,000
| +100% | +$2.35M |
|
85
Costco
COST
$429B
| $4.36M | 0.13% |
39,000
-300
| -0.8% | -$34.3K |
|
|
MON
86
DELISTED
Monsanto Co
MON
| $3.75M | 0.12% |
33,000
-2,700
| -8% | -$301K |
|
87
Graham Holdings Company
GHC
$4.98B
| $3.66M | 0.11% |
8,606
-166
| -2% | -$67.7K |
|
|
CB
88
DELISTED
CHUBB CORPORATION
CB
| $3.39M | 0.1% |
+38,000
| New | +$3.33M |
|
|
BPY
89
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $3.15M | 0.1% |
168,439
-4,185
| -2% | -$80.4K |
|
|
POT
90
DELISTED
Potash Corp Of Saskatchewan
POT
| $2.9M | 0.09% |
80,000
| – | – |
|
91
Air Products & Chemicals
APD
$67.4B
| $2.86M | 0.09% |
25,944
-1,081
| -4% | -$115K |
|
|
HCCI
92
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $2.79M | 0.09% |
154,041
-105,459
| -41% | -$1.88M |
|
93
Fidelity National Financial
FNF
$12.7B
| $2.39M | 0.07% |
133,116
-6,481
| -5% | -$117K |
|
94
Rollins
ROL
$18.1B
| $2.27M | 0.07% |
253,125
+94,500
| +60% | +$825K |
|
95
Target
TGT
$77.5B
| $2M | 0.06% |
33,000
+9,000
| +38% | +$533K |
|
96
Core Laboratories
CLB
$553M
| $1.98M | 0.06% |
10,000
| – | – |
|
|
Y
97
DELISTED
Alleghany Corp
Y
| $1.76M | 0.05% |
4,328
| – | – |
|
98
Ross Stores
ROST
$75.8B
| $1.65M | 0.05% |
46,000
| – | – |
|
99
MSCI
MSCI
$41.4B
| $1.42M | 0.04% |
33,000
+28,000
| +560% | +$1.22M |
|
100
Universal Technical Institute
UTI
$1.26B
| $635K | 0.02% |
49,000
+26,000
| +113% | +$342K |
|
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.