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 |
Mohawk Industries
MHK
|
+$6.53M |
| 2 |
Illinois Tool Works
ITW
|
+$5.59M |
| 3 |
Progressive
PGR
|
+$4.47M |
| 4 |
Healthcare Services Group
HCSG
|
+$4.39M |
| 5 |
NVR
NVR
|
+$4.07M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$15.7M |
| 2 |
WBA
Walgreens Boots Alliance
WBA
|
+$5.36M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.19% |
| 2 | Consumer Discretionary | 19.77% |
| 3 | Industrials | 11.1% |
| 4 | Communication Services | 9.69% |
| 5 | Healthcare | 8.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
SEI Investments
SEIC
$13.1B
| $25.1M | 0.35% |
383,200
| – | – |
|
77
CVS Health
CVS
$119B
| $24.7M | 0.34% |
332,000
+9,000
| +3% | +$632K |
|
78
Parker-Hannifin
PH
$126B
| $24.4M | 0.34% |
118,600
| – | – |
|
79
Delta Air Lines
DAL
$54.2B
| $24.4M | 0.34% |
417,000
+55,000
| +15% | +$3.08M |
|
80
Comcast
CMCSA
$95.3B
| $23.4M | 0.33% |
521,000
| – | – |
|
|
LBRDK
81
DELISTED
Liberty Broadband Class C
LBRDK
| $21.6M | 0.3% |
172,113
| – | – |
|
82
Choice Hotels
CHH
$4.93B
| $21M | 0.29% |
203,000
+16,000
| +9% | +$1.49M |
|
|
LSXMA
83
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $20.6M | 0.29% |
589,642
| – | – |
|
84
Linde
LIN
$225B
| $20.1M | 0.28% |
94,400
| – | – |
|
85
PepsiCo
PEP
$196B
| $19.9M | 0.28% |
145,600
| – | – |
|
86
Sherwin-Williams
SHW
$84.1B
| $18.1M | 0.25% |
93,000
| – | – |
|
87
Alphabet (Google) Class A
GOOGL
$4.22T
| $16.7M | 0.23% |
250,000
| – | – |
|
|
ATVI
88
DELISTED
Activision Blizzard
ATVI
| $16.7M | 0.23% |
280,800
| – | – |
|
89
Microchip Technology
MCHP
$41.3B
| $16.7M | 0.23% |
318,000
| – | – |
|
90
Cisco
CSCO
$438B
| $16.4M | 0.23% |
342,000
| – | – |
|
|
MXIM
91
DELISTED
Maxim Integrated Products
MXIM
| $15.5M | 0.22% |
252,000
| – | – |
|
92
Union Pacific
UNP
$183B
| $15.4M | 0.21% |
85,370
| – | – |
|
93
Equifax
EFX
$22.6B
| $15.1M | 0.21% |
107,500
+23,000
| +27% | +$3.19M |
|
|
94
Healthcare Services Group
HCSG
$1.56B
| $13.9M | 0.19% |
573,500
+177,000
| +45% | +$4.39M |
|
95
International Flavors & Fragrances
IFF
$21.5B
| $13.7M | 0.19% |
106,000
+21,500
| +25% | +$2.75M |
|
96
Hexcel
HXL
$7.1B
| $13.5M | 0.19% |
184,000
+11,000
| +6% | +$845K |
|
|
EA
97
DELISTED
Electronic Arts
EA
| $13.2M | 0.18% |
122,400
| – | – |
|
|
BNY
98
Bank of New York Mellon
BNY
$108B
| $12.8M | 0.18% |
254,000
+48,000
| +23% | +$2.29M |
|
99
Paychex
PAYX
$44.3B
| $12.8M | 0.18% |
150,000
| – | – |
|
100
Liberty Media Series C
FWONK
$26.3B
| $11.9M | 0.17% |
268,398
| – | – |
|
Similar funds
Tom Gayner's Q4 2019 Portfolio in Review
As of Q4 2019, Tom Gayner held 134 positions worth $7.2B, up 8.8% from $6.62B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Trading was light in Q4 2019: portfolio turnover was 1.5%. Tom Gayner opened 2 new positions and made no exits, leaving the 134-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Tom Gayner's largest Q4 2019 buy was O-I Glass: 350,000 shares worth $4.17M.
- Tom Gayner added most to Mohawk Industries in Q4 2019, an estimated $6.53M increase.
- Tom Gayner's biggest Q4 2019 reduction was Discovery, Inc. Series C Common Stock, cutting an estimated $15.7M.
- Tom Gayner's ten largest holdings make up 39% of its $7.2B portfolio in Q4 2019.
- Tom Gayner opened 2 new positions and closed 0 in Q4 2019.
- Tom Gayner's portfolio value rose 8.8% quarter-over-quarter to $7.2B.
Based on Markel Group's 13F filing for Q4 2019, filed 7 Feb 2020.