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 |
Apple
AAPL
|
+$19.4M |
| 2 |
Whirlpool
WHR
|
+$15M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$9.82M |
| 4 |
ScottsMiracle-Gro
SMG
|
+$9.04M |
| 5 |
Sherwin-Williams
SHW
|
+$8.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Deere & Co
DE
|
+$14.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.88% |
| 2 | Consumer Discretionary | 19.15% |
| 3 | Industrials | 11.14% |
| 4 | Communication Services | 9.68% |
| 5 | Healthcare | 9.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
JPMorgan Chase
JPM
$935B
| $18.8M | 0.32% |
186,150
+3,150
| +2% | +$325K |
|
|
LBRDA
77
DELISTED
Liberty Broadband Class A
LBRDA
| $18.8M | 0.32% |
205,250
| – | – |
|
78
Cisco
CSCO
$438B
| $18.5M | 0.31% |
342,000
| – | – |
|
79
PepsiCo
PEP
$196B
| $17.8M | 0.3% |
145,600
| – | – |
|
80
Comcast
CMCSA
$95.3B
| $17.6M | 0.29% |
440,000
+41,000
| +10% | +$1.54M |
|
81
Linde
LIN
$225B
| $16.6M | 0.28% |
94,400
| – | – |
|
|
LSXMA
82
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $16.3M | 0.27% |
589,642
| – | – |
|
|
LBRDK
83
DELISTED
Liberty Broadband Class C
LBRDK
| $15.8M | 0.26% |
172,113
| – | – |
|
84
CVS Health
CVS
$119B
| $14.8M | 0.25% |
275,000
| – | – |
|
|
85
Alphabet (Google) Class A
GOOGL
$4.22T
| $14.7M | 0.25% |
250,000
| – | – |
|
86
Union Pacific
UNP
$183B
| $14.3M | 0.24% |
85,370
| – | – |
|
|
MXIM
87
DELISTED
Maxim Integrated Products
MXIM
| $13.4M | 0.22% |
252,000
| – | – |
|
|
88
Sherwin-Williams
SHW
$84.1B
| $13.4M | 0.22% |
93,000
+60,000
| +182% | +$8.35M |
|
89
Dollar Tree
DLTR
$25.3B
| $12.9M | 0.22% |
123,000
| – | – |
|
90
Microchip Technology
MCHP
$41.3B
| $12.5M | 0.21% |
302,000
| – | – |
|
91
Paychex
PAYX
$44.3B
| $12M | 0.2% |
150,000
| – | – |
|
92
Mohawk Industries
MHK
$9.23B
| $12M | 0.2% |
95,000
+54,000
| +132% | +$7.03M |
|
|
EA
93
DELISTED
Electronic Arts
EA
| $11.4M | 0.19% |
112,400
+7,000
| +7% | +$664K |
|
|
ATVI
94
DELISTED
Activision Blizzard
ATVI
| $11.3M | 0.19% |
248,800
+71,000
| +40% | +$3.21M |
|
95
Choice Hotels
CHH
$4.93B
| $11M | 0.18% |
141,500
+24,000
| +20% | +$1.86M |
|
96
Southwest Airlines
LUV
$19.8B
| $11M | 0.18% |
211,000
+120,000
| +132% | +$6.33M |
|
|
CDK
97
DELISTED
CDK Global, Inc.
CDK
| $10.4M | 0.17% |
176,897
| – | – |
|
98
Philip Morris
PM
$293B
| $10.1M | 0.17% |
114,500
| – | – |
|
99
Hexcel
HXL
$7.1B
| $10.1M | 0.17% |
146,000
+12,000
| +9% | +$807K |
|
100
Verisk Analytics
VRSK
$24.4B
| $9.84M | 0.16% |
74,000
| – | – |
|
Similar funds
Tom Gayner's Q1 2019 Portfolio in Review
As of Q1 2019, Tom Gayner held 133 positions worth $5.97B, up 14% from $5.23B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 0.75%. Tom Gayner opened 1 new position and made no exits, leaving the 133-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 33% of assets, down from 34% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Tom Gayner's largest Q1 2019 buy was Synchrony: 8,006 shares worth $255K.
- Tom Gayner added most to Apple in Q1 2019, an estimated $19.4M increase.
- Tom Gayner's biggest Q1 2019 reduction was Deere & Co, cutting an estimated $14.3M.
- Tom Gayner's ten largest holdings make up 40% of its $5.97B portfolio in Q1 2019.
- Tom Gayner opened 1 new position and closed 0 in Q1 2019.
- Tom Gayner's portfolio value rose 14% quarter-over-quarter to $5.97B.
Based on Markel Group's 13F filing for Q1 2019, filed 3 May 2019.