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
|
+$7.19M |
| 2 |
SLB Ltd
SLB
|
+$6.95M |
| 3 |
JPMorgan Chase
JPM
|
+$5.55M |
| 4 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$4.36M |
| 5 |
Watsco Inc
WSO
|
+$4.36M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$12.9M |
| 2 |
Cisco
CSCO
|
+$633K |
| 3 |
LGI Homes
LGIH
|
+$283K |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$20.2K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.99% |
| 2 | Consumer Discretionary | 16.37% |
| 3 | Consumer Staples | 12.47% |
| 4 | Healthcare | 12.41% |
| 5 | Industrials | 12.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
Halliburton
HAL
$29.4B
| $9.43M | 0.24% |
219,000
+64,000
| +41% | +$2.95M |
|
77
Philip Morris
PM
$293B
| $9.18M | 0.23% |
114,500
| – | – |
|
|
CRR
78
DELISTED
Carbo Ceramics Inc.
CRR
| $8.95M | 0.22% |
215,000
+15,000
| +8% | +$605K |
|
|
LBRDK
79
DELISTED
Liberty Broadband Class C
LBRDK
| $8.8M | 0.22% |
172,113
| – | – |
|
80
Emerson Electric
EMR
$87.7B
| $8.76M | 0.22% |
158,000
| – | – |
|
81
Norfolk Southern
NSC
$78.8B
| $8.56M | 0.21% |
98,000
+6,000
| +7% | +$585K |
|
|
PDCO
82
DELISTED
Patterson Companies, Inc.
PDCO
| $8.13M | 0.2% |
167,000
+12,000
| +8% | +$572K |
|
83
Apollo Global Management
APO
$78.4B
| $8.04M | 0.2% |
363,000
+27,000
| +8% | +$593K |
|
84
MSCI
MSCI
$41B
| $7.69M | 0.19% |
125,000
+11,000
| +10% | +$682K |
|
|
DISCK
85
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $7.18M | 0.18% |
231,000
+141,000
| +157% | +$4.36M |
|
86
Paychex
PAYX
$44.3B
| $7.03M | 0.18% |
150,000
| – | – |
|
87
Rollins
ROL
$17.8B
| $6.85M | 0.17% |
540,000
+74,250
| +16% | +$838K |
|
88
Upbound Group
UPBD
$1.1B
| $6.69M | 0.17% |
236,000
+21,000
| +10% | +$630K |
|
89
RTX Corp
RTX
$283B
| $5.88M | 0.15% |
84,217
| – | – |
|
|
90
JPMorgan Chase
JPM
$935B
| $5.76M | 0.14% |
+85,000
| New | +$5.55M |
|
91
Graham Holdings Company
GHC
$4.94B
| $5.59M | 0.14% |
8,606
| – | – |
|
92
Liberty Global Class A
LBTYA
$3.63B
| $5.41M | 0.14% |
121,247
+33,949
| +39% | +$1.51M |
|
93
Costco
COST
$420B
| $5.27M | 0.13% |
39,000
| – | – |
|
|
LBRDA
94
DELISTED
Liberty Broadband Class A
LBRDA
| $4.09M | 0.1% |
80,250
| – | – |
|
|
WAIR
95
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $3.71M | 0.09% |
245,000
+85,000
| +53% | +$1.32M |
|
96
RB Global
RBA
$16.1B
| $2.99M | 0.07% |
107,000
+11,000
| +11% | +$302K |
|
97
Harley-Davidson
HOG
$2.93B
| $2.54M | 0.06% |
+45,000
| New | +$2.57M |
|
98
DNOW Inc
DNOW
$2.83B
| $2.36M | 0.06% |
118,500
+25,000
| +27% | +$571K |
|
99
Verisk Analytics
VRSK
$24.4B
| $2.33M | 0.06% |
32,000
+23,000
| +256% | +$1.69M |
|
100
Rockwell Automation
ROK
$48.5B
| $2.24M | 0.06% |
+18,000
| New | +$2.17M |
|
Similar funds
Tom Gayner's Q2 2015 Portfolio in Review
As of Q2 2015, Tom Gayner held 114 positions worth $4B, up 1.2% from $3.96B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Tom Gayner's Q2 2015 filing shows 8 new, 52 increased, 1 reduced and 3 closed positions. Its largest new stake was JPMorgan Chase: 85,000 shares worth $5.76M. The largest sale was Microsoft, an estimated $12.9M.
By sector, the portfolio is most concentrated in Financials at 30% of assets, down from 30% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
- Tom Gayner's largest Q2 2015 buy was JPMorgan Chase: 85,000 shares worth $5.76M.
- Tom Gayner added most to Deere & Co in Q2 2015, an estimated $7.19M increase.
- Tom Gayner's biggest Q2 2015 reduction was Alphabet (Google) Class C, cutting an estimated $20.2K.
- Tom Gayner fully exited Microsoft in Q2 2015, selling an estimated $12.9M.
- Tom Gayner's ten largest holdings make up 43% of its $4B portfolio in Q2 2015.
- Tom Gayner opened 8 new positions and closed 3 in Q2 2015.
- Tom Gayner's portfolio value rose 1.2% quarter-over-quarter to $4B.
Based on Markel Group's 13F filing for Q2 2015, filed 14 Aug 2015.