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 |
Capital One
COF
|
+$10M |
| 2 |
Harley-Davidson
HOG
|
+$9.59M |
| 3 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$8.38M |
| 4 |
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
|
+$6.89M |
| 5 |
JPMorgan Chase
JPM
|
+$6.42M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CB
CHUBB CORPORATION
CB
|
+$29.9M |
| 2 |
Federated Hermes
FHI
|
+$4M |
| 3 |
Graham Holdings Company
GHC
|
+$2.25M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 29.98% |
| 2 | Consumer Discretionary | 16.71% |
| 3 | Industrials | 12.34% |
| 4 | Healthcare | 12.25% |
| 5 | Consumer Staples | 12.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
RB Global
RBA
$16.1B
| $2.82M | 0.07% |
109,000
+2,000
| +2% | +$54.7K |
|
102
Cummins
CMI
$80.9B
| $2.71M | 0.07% |
+25,000
| New | +$3.09M |
|
103
Aon
AON
$75.3B
| $2.48M | 0.07% |
28,000
+24,000
| +600% | +$2.32M |
|
104
Ross Stores
ROST
$76.7B
| $2.23M | 0.06% |
46,000
| – | – |
|
105
Cable One
CABO
$129M
| $2.18M | 0.06% |
+5,200
| New | +$2.15M |
|
106
FedEx
FDX
$76.9B
| $2.16M | 0.06% |
+15,000
| New | +$2.39M |
|
|
Y
107
DELISTED
Alleghany Corp
Y
| $2.03M | 0.05% |
4,328
| – | – |
|
108
Apple
AAPL
$4.51T
| $1.99M | 0.05% |
72,000
+48,000
| +200% | +$1.41M |
|
109
Las Vegas Sands
LVS
$30.5B
| $1.82M | 0.05% |
+48,000
| New | +$2.42M |
|
110
American Tower
AMT
$81.9B
| $1.76M | 0.05% |
20,000
+12,000
| +150% | +$1.13M |
|
111
DNOW Inc
DNOW
$2.83B
| $1.75M | 0.05% |
118,500
| – | – |
|
112
Tapestry
TPR
$26B
| $1.56M | 0.04% |
54,000
+5,000
| +10% | +$155K |
|
113
Culp Inc
CULP
$43.5M
| $969K | 0.03% |
30,227
| – | – |
|
|
BCR
114
DELISTED
CR Bard Inc.
BCR
| $745K | 0.02% |
+4,000
| New | +$757K |
|
115
Darling Ingredients
DAR
$10.4B
| $731K | 0.02% |
65,000
| – | – |
|
116
Becton Dickinson
BDX
$52.3B
| $531K | 0.01% |
+4,100
| New | +$573K |
|
117
Donaldson
DCI
$10.8B
| $505K | 0.01% |
+18,000
| New | +$578K |
|
|
STRZA
118
DELISTED
Starz - Series A
STRZA
| $448K | 0.01% |
12,000
| – | – |
|
119
Rush Enterprises Class A
RUSHA
$8.54B
| $363K | 0.01% |
33,750
| – | – |
|
120
Baxter International
BAX
$13.6B
| $328K | 0.01% |
+10,000
| New | +$379K |
|
|
CB
121
DELISTED
CHUBB CORPORATION
CB
| – | – |
-314,000
| Closed | -$29.9M |
|
Similar funds
Tom Gayner's Q3 2015 Portfolio in Review
As of Q3 2015, Tom Gayner held 121 positions worth $3.8B, down 5.2% from $4B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Tom Gayner's Q3 2015 filing shows 10 new, 56 increased, 2 reduced and 1 closed positions. Its largest new stake was Capital One: 125,000 shares worth $9.06M. The largest sale was CHUBB CORPORATION, an estimated $29.9M.
By sector, the portfolio is most concentrated in Financials at 30% of assets, down from 30% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Tom Gayner's largest Q3 2015 buy was Capital One: 125,000 shares worth $9.06M.
- Tom Gayner added most to Harley-Davidson in Q3 2015, an estimated $9.59M increase.
- Tom Gayner's biggest Q3 2015 reduction was Federated Hermes, cutting an estimated $4M.
- Tom Gayner fully exited CHUBB CORPORATION in Q3 2015, selling an estimated $29.9M.
- Tom Gayner's ten largest holdings make up 42% of its $3.8B portfolio in Q3 2015.
- Tom Gayner opened 10 new positions and closed 1 in Q3 2015.
- Tom Gayner's portfolio value fell 5.2% quarter-over-quarter to $3.8B.
Based on Markel Group's 13F filing for Q3 2015, filed 9 Nov 2015.