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 |
Deere & Co
DE
|
+$46.2M |
| 2 |
Liberty Media Series C
FWONK
|
+$24.7M |
| 3 |
Unilever
UL
|
+$12.5M |
| 4 |
CB
CHUBB CORPORATION
CB
|
+$4.74M |
| 5 |
MRSH
Marsh
MRSH
|
+$4.69M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liberty Media Series A
FWONA
|
+$19.9M |
| 2 |
Teva Pharmaceuticals
TEVA
|
+$13.2M |
| 3 |
BRSL
Brightstar Lottery PLC
BRSL
|
+$11.6M |
| 4 |
Northern Trust
NTRS
|
+$8.99M |
| 5 |
BUD
ANHEUSER BUSCH COS INC
BUD
|
+$1.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.7% |
| 2 | Consumer Discretionary | 14.08% |
| 3 | Consumer Staples | 13.7% |
| 4 | Healthcare | 12.13% |
| 5 | Industrials | 10.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Apollo Global Management
APO
$78.4B
| $6.56M | 0.18% |
275,000
+54,000
| +24% | +$1.35M |
|
|
PDCO
77
DELISTED
Patterson Companies, Inc.
PDCO
| $6.42M | 0.18% |
155,000
| – | – |
|
78
Mastercard
MA
$509B
| $5.91M | 0.17% |
80,000
| – | – |
|
|
MON
79
DELISTED
Monsanto Co
MON
| $5.85M | 0.17% |
52,000
+19,000
| +58% | +$2.22M |
|
80
RTX Corp
RTX
$283B
| $5.6M | 0.16% |
84,217
| – | – |
|
81
Expeditors International
EXPD
$24.4B
| $5.56M | 0.16% |
137,000
| – | – |
|
82
Coca-Cola
KO
$392B
| $5.55M | 0.16% |
130,000
| – | – |
|
83
Upbound Group
UPBD
$1.1B
| $5.28M | 0.15% |
174,000
+64,000
| +58% | +$1.72M |
|
|
AAN.A
84
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $4.96M | 0.14% |
204,000
+79,000
| +63% | +$1.92M |
|
85
Costco
COST
$420B
| $4.89M | 0.14% |
39,000
| – | – |
|
86
MSCI
MSCI
$41B
| $4.04M | 0.11% |
86,000
+28,000
| +48% | +$1.29M |
|
87
Graham Holdings Company
GHC
$4.94B
| $3.64M | 0.1% |
8,606
| – | – |
|
|
BRSL
88
Brightstar Lottery PLC
BRSL
$2.21B
| $3.63M | 0.1% |
215,000
-700,000
| -77% | -$11.6M |
|
89
CME Group
CME
$98.9B
| $3.6M | 0.1% |
45,000
+21,000
| +88% | +$1.58M |
|
90
DNOW Inc
DNOW
$2.83B
| $2.84M | 0.08% |
93,500
| – | – |
|
91
Rollins
ROL
$17.8B
| $2.55M | 0.07% |
293,625
| – | – |
|
|
SIAL
92
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $2.45M | 0.07% |
18,000
+12,000
| +200% | +$1.28M |
|
93
Target
TGT
$75.1B
| $2.07M | 0.06% |
33,000
| – | – |
|
|
Y
94
DELISTED
Alleghany Corp
Y
| $1.81M | 0.05% |
4,328
| – | – |
|
|
OAK
95
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
| $1.79M | 0.05% |
+35,000
| New | +$1.75M |
|
96
Ross Stores
ROST
$76.7B
| $1.74M | 0.05% |
46,000
| – | – |
|
97
Labcorp
LH
$27.3B
| $1.53M | 0.04% |
17,460
| – | – |
|
98
Core Laboratories
CLB
$574M
| $1.46M | 0.04% |
10,000
| – | – |
|
99
RB Global
RBA
$16.1B
| $1.12M | 0.03% |
50,000
+40,000
| +400% | +$954K |
|
100
Cisco
CSCO
$438B
| $579K | 0.02% |
23,000
| – | – |
|
Similar funds
Tom Gayner's Q3 2014 Portfolio in Review
As of Q3 2014, Tom Gayner held 108 positions worth $3.55B, up 1.1% from $3.51B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Tom Gayner's Q3 2014 filing shows 4 new, 39 increased, 3 reduced and 5 closed positions. Its largest new stake was Deere & Co: 540,000 shares worth $44.3M. The largest sale was Liberty Media Series A, an estimated $19.9M.
By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
- Tom Gayner's largest Q3 2014 buy was Deere & Co: 540,000 shares worth $44.3M.
- Tom Gayner added most to Unilever in Q3 2014, an estimated $12.5M increase.
- Tom Gayner's biggest Q3 2014 reduction was Liberty Media Series A, cutting an estimated $19.9M.
- Tom Gayner fully exited Northern Trust in Q3 2014, selling an estimated $8.99M.
- Tom Gayner's ten largest holdings make up 43% of its $3.55B portfolio in Q3 2014.
- Tom Gayner opened 4 new positions and closed 5 in Q3 2014.
- Tom Gayner's portfolio value rose 1.1% quarter-over-quarter to $3.55B.
Based on Markel Group's 13F filing for Q3 2014, filed 12 Nov 2014.