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
|
+$25.3M |
| 2 |
Unilever
UL
|
+$8.57M |
| 3 |
SLB Ltd
SLB
|
+$7.18M |
| 4 |
LBRDK
Liberty Broadband Class C
LBRDK
|
+$6.35M |
| 5 |
CDK
CDK Global, Inc.
CDK
|
+$6.27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceuticals
TEVA
|
+$23.9M |
| 2 |
Brown & Brown
BRO
|
+$6.42M |
| 3 |
Automatic Data Processing
ADP
|
+$5.98M |
| 4 |
Liberty Media Series C
FWONK
|
+$5.79M |
| 5 |
Coca-Cola
KO
|
+$5.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.08% |
| 2 | Consumer Discretionary | 16.02% |
| 3 | Consumer Staples | 12.53% |
| 4 | Industrials | 11.33% |
| 5 | Healthcare | 11.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Halliburton
HAL
$28.7B
| $590K | 0.01% |
+15,000
| New | +$730K |
|
|
WAIR
102
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $419K | 0.01% |
+30,000
| New | +$476K |
|
|
STRZA
103
DELISTED
Starz - Series A
STRZA
| $356K | 0.01% |
12,000
| – | – |
|
104
LGI Homes
LGIH
$1.35B
| $254K | 0.01% |
+17,000
| New | +$288K |
|
105
Watsco Inc
WSO
$12.8B
| $214K | 0.01% |
+2,000
| New | +$199K |
|
|
BRSL
106
Brightstar Lottery PLC
BRSL
$2.21B
| – | – |
-215,000
| Closed | -$3.63M |
|
|
107
Coca-Cola
KO
$395B
| – | – |
-130,000
| Closed | -$5.55M |
|
108
Labcorp
LH
$27.4B
| – | – |
-17,460
| Closed | -$1.53M |
|
|
109
Teva Pharmaceuticals
TEVA
$42.9B
| – | – |
-444,000
| Closed | -$23.9M |
|
110
Target
TGT
$77.5B
| – | – |
-33,000
| Closed | -$2.07M |
|
|
SIAL
111
DELISTED
SIGMA - ALDRICH CORP
SIAL
| – | – |
-18,000
| Closed | -$2.45M |
|
Similar funds
Tom Gayner's Q4 2014 Portfolio in Review
As of Q4 2014, Tom Gayner held 112 positions worth $3.97B, up 12% from $3.55B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Tom Gayner's Q4 2014 filing shows 9 new, 42 increased, 4 reduced and 6 closed positions. Its largest new stake was Liberty Broadband Class C: 129,000 shares worth $6.43M. The largest sale was Teva Pharmaceuticals, an estimated $23.9M.
By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
- Tom Gayner's largest Q4 2014 buy was Liberty Broadband Class C: 129,000 shares worth $6.43M.
- Tom Gayner added most to Deere & Co in Q4 2014, an estimated $25.3M increase.
- Tom Gayner's biggest Q4 2014 reduction was Brown & Brown, cutting an estimated $6.42M.
- Tom Gayner fully exited Teva Pharmaceuticals in Q4 2014, selling an estimated $23.9M.
- Tom Gayner's ten largest holdings make up 44% of its $3.97B portfolio in Q4 2014.
- Tom Gayner opened 9 new positions and closed 6 in Q4 2014.
- Tom Gayner's portfolio value rose 12% quarter-over-quarter to $3.97B.
Based on Markel Group's 13F filing for Q4 2014, filed 9 Feb 2015.