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 |
Progressive
PGR
|
+$12M |
| 2 |
Starbucks
SBUX
|
+$9.08M |
| 3 |
Capital One
COF
|
+$7.47M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$7.33M |
| 5 |
Goldman Sachs
GS
|
+$6.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MON
Monsanto Co
MON
|
+$46.3M |
| 2 |
Moody's
MCO
|
+$14.6M |
| 3 |
Brown-Forman Class A
BF.A
|
+$11.3M |
| 4 |
Factset
FDS
|
+$9.69M |
| 5 |
PACCAR
PCAR
|
+$8.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.83% |
| 2 | Consumer Discretionary | 18.26% |
| 3 | Industrials | 12.08% |
| 4 | Healthcare | 10.06% |
| 5 | Consumer Staples | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PepsiCo
PEP
$196B
| $15.9M | 0.3% |
145,600
| – | – |
|
|
LBRDK
77
DELISTED
Liberty Broadband Class C
LBRDK
| $14.7M | 0.28% |
172,113
| – | – |
|
78
Cisco
CSCO
$438B
| $14.7M | 0.28% |
342,000
| – | – |
|
79
HEICO Corp Class A
HEI.A
$36.5B
| $13.9M | 0.26% |
244,648
-25,616
| -9% | -$1.38M |
|
|
PX
80
DELISTED
Praxair Inc
PX
| $13.6M | 0.26% |
94,400
+10,000
| +12% | +$1.56M |
|
|
MXIM
81
DELISTED
Maxim Integrated Products
MXIM
| $13.4M | 0.25% |
222,000
+25,000
| +13% | +$1.48M |
|
|
82
Alphabet (Google) Class A
GOOGL
$4.22T
| $13M | 0.25% |
250,000
| – | – |
|
|
83
Progressive
PGR
$127B
| $12.8M | 0.24% |
+210,000
| New | +$12M |
|
|
84
Starbucks
SBUX
$122B
| $12.1M | 0.23% |
209,048
+157,048
| +302% | +$9.08M |
|
85
Union Pacific
UNP
$183B
| $11.4M | 0.22% |
85,050
+450
| +0.5% | +$60.6K |
|
86
Philip Morris
PM
$293B
| $11.4M | 0.22% |
114,500
| – | – |
|
|
CDK
87
DELISTED
CDK Global, Inc.
CDK
| $11.2M | 0.21% |
176,897
| – | – |
|
88
Paychex
PAYX
$44.3B
| $9.24M | 0.18% |
150,000
| – | – |
|
89
Sensata Technologies
ST
$6.23B
| $8.71M | 0.17% |
168,000
| – | – |
|
90
Dollar Tree
DLTR
$25.3B
| $8.35M | 0.16% |
88,000
| – | – |
|
91
Liberty Media Series C
FWONK
$26.3B
| $8.01M | 0.15% |
268,398
| – | – |
|
92
Verisk Analytics
VRSK
$24.4B
| $7.59M | 0.14% |
73,000
| – | – |
|
93
Costco
COST
$420B
| $7.35M | 0.14% |
39,000
| – | – |
|
94
Comcast
CMCSA
$95.3B
| $7.21M | 0.14% |
211,000
| – | – |
|
|
95
Capital One
COF
$134B
| $7.19M | 0.14% |
+75,000
| New | +$7.47M |
|
96
Hexcel
HXL
$7.1B
| $6.88M | 0.13% |
106,500
+20,500
| +24% | +$1.35M |
|
97
Albemarle
ALB
$16.9B
| $6.77M | 0.13% |
73,000
| – | – |
|
98
Choice Hotels
CHH
$4.93B
| $6.69M | 0.13% |
83,500
+38,500
| +86% | +$3.1M |
|
99
Ascent Industries
ACNT
$133M
| $6.06M | 0.12% |
414,804
| – | – |
|
100
Chipotle Mexican Grill
CMG
$46.7B
| $5.65M | 0.11% |
+875,000
| New | +$5.51M |
|
Similar funds
Tom Gayner's Q1 2018 Portfolio in Review
As of Q1 2018, Tom Gayner held 144 positions worth $5.26B, down 0.68% from $5.3B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Tom Gayner's Q1 2018 filing shows 6 new, 42 increased, 5 reduced and 7 closed positions. Its largest new stake was Progressive: 210,000 shares worth $12.8M. The largest sale was Monsanto Co, an estimated $46.3M.
By sector, the portfolio is most concentrated in Financials at 34% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Tom Gayner's largest Q1 2018 buy was Progressive: 210,000 shares worth $12.8M.
- Tom Gayner added most to Starbucks in Q1 2018, an estimated $9.08M increase.
- Tom Gayner's biggest Q1 2018 reduction was Moody's, cutting an estimated $14.6M.
- Tom Gayner fully exited Monsanto Co in Q1 2018, selling an estimated $46.3M.
- Tom Gayner's ten largest holdings make up 42% of its $5.26B portfolio in Q1 2018.
- Tom Gayner opened 6 new positions and closed 7 in Q1 2018.
- Tom Gayner's portfolio value fell 0.68% quarter-over-quarter to $5.26B.
Based on Markel Group's 13F filing for Q1 2018, filed 27 Apr 2018.