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 |
MON
Monsanto Co
MON
|
+$13.4M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$9.25M |
| 3 |
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
|
+$5.61M |
| 4 |
Union Pacific
UNP
|
+$5.58M |
| 5 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$5.06M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Aerospace
GE
|
+$74.7M |
| 2 |
Walmart Inc
WMT
|
+$71.2M |
| 3 |
AB InBev
BUD
|
+$45.2M |
| 4 |
Federated Hermes
FHI
|
+$37.6M |
| 5 |
Intel
INTC
|
+$29.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.52% |
| 2 | Consumer Discretionary | 16.66% |
| 3 | Healthcare | 12.95% |
| 4 | Industrials | 11.7% |
| 5 | Consumer Staples | 9.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Apple
AAPL
$4.55T
| $2.53M | 0.07% |
96,000
+24,000
| +33% | +$686K |
|
102
Graham Holdings Company
GHC
$4.98B
| $2.52M | 0.07% |
5,200
| – | – |
|
103
Ross Stores
ROST
$75.8B
| $2.48M | 0.07% |
46,000
| – | – |
|
104
Cable One
CABO
$130M
| $2.25M | 0.06% |
5,200
| – | – |
|
105
Amazon
AMZN
$2.83T
| $2.23M | 0.06% |
+66,000
| New | +$2.08M |
|
106
CSX Corp
CSX
$95.3B
| $2.21M | 0.06% |
+255,000
| New | +$2.32M |
|
|
Y
107
DELISTED
Alleghany Corp
Y
| $2.07M | 0.06% |
4,328
| – | – |
|
108
American Tower
AMT
$83.1B
| $1.94M | 0.05% |
20,000
| – | – |
|
109
DNOW Inc
DNOW
$2.81B
| $1.88M | 0.05% |
118,500
| – | – |
|
110
Tapestry
TPR
$26.3B
| $1.77M | 0.05% |
54,000
| – | – |
|
|
BCR
111
DELISTED
CR Bard Inc.
BCR
| $1.71M | 0.05% |
9,000
+5,000
| +125% | +$937K |
|
112
Microsoft
MSFT
$3.63T
| $1.66M | 0.05% |
+30,000
| New | +$1.58M |
|
113
Becton Dickinson
BDX
$52.1B
| $1.39M | 0.04% |
9,225
+5,125
| +125% | +$738K |
|
114
Donaldson
DCI
$10.7B
| $1.38M | 0.04% |
48,000
+30,000
| +167% | +$883K |
|
|
MJN
115
DELISTED
Mead Johnson Nutrition Company
MJN
| $1.22M | 0.03% |
+15,500
| New | +$1.22M |
|
|
PX
116
DELISTED
Praxair Inc
PX
| $1.18M | 0.03% |
+11,500
| New | +$1.25M |
|
117
Hershey
HSY
$38.1B
| $1.07M | 0.03% |
+12,000
| New | +$1.08M |
|
118
Baxter International
BAX
$13.5B
| $839K | 0.02% |
22,000
+12,000
| +120% | +$439K |
|
119
Culp Inc
CULP
$44.4M
| $770K | 0.02% |
30,227
| – | – |
|
120
Boeing
BA
$165B
| $694K | 0.02% |
+4,800
| New | +$691K |
|
121
Bristol-Myers Squibb
BMY
$137B
| $688K | 0.02% |
+10,000
| New | +$661K |
|
122
Live Nation Entertainment
LYV
$43.1B
| $614K | 0.02% |
+25,000
| New | +$640K |
|
|
GWR
123
DELISTED
Genesee & Wyoming Inc.
GWR
| $537K | 0.01% |
+10,000
| New | +$633K |
|
124
Bunge Global
BG
$21.1B
| $478K | 0.01% |
+7,000
| New | +$493K |
|
|
STRZA
125
DELISTED
Starz - Series A
STRZA
| $402K | 0.01% |
12,000
| – | – |
|
Similar funds
Tom Gayner's Q4 2015 Portfolio in Review
As of Q4 2015, Tom Gayner held 137 positions worth $3.69B, down 2.7% from $3.8B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Tom Gayner withdrew a net $177M in Q4 2015, closing 7 positions and reducing 3 holdings. Its most notable exit was GE Aerospace, an estimated $74.7M position sold in full.
By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 30% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Tom Gayner opened a new position in Alphabet (Google) Class A worth $9.72M.
- Tom Gayner's largest Q4 2015 buy was Alphabet (Google) Class A: 250,000 shares worth $9.72M.
- Tom Gayner added most to Monsanto Co in Q4 2015, an estimated $13.4M increase.
- Tom Gayner's biggest Q4 2015 reduction was Federated Hermes, cutting an estimated $37.6M.
- Tom Gayner fully exited GE Aerospace in Q4 2015, selling an estimated $74.7M.
- Tom Gayner's ten largest holdings make up 44% of its $3.69B portfolio in Q4 2015.
- Tom Gayner opened 17 new positions and closed 7 in Q4 2015.
- Tom Gayner's portfolio value fell 2.7% quarter-over-quarter to $3.69B.
Based on Markel Group's 13F filing for Q4 2015, filed 16 Feb 2016.