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 |
Amazon
AMZN
|
+$9.4M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$9.35M |
| 3 |
Texas Instruments
TXN
|
+$6.07M |
| 4 |
Analog Devices
ADI
|
+$5.44M |
| 5 |
SRCL
Stericycle Inc
SRCL
|
+$3.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Harley-Davidson
HOG
|
+$16M |
| 2 |
Emerson Electric
EMR
|
+$8.61M |
| 3 |
Cummins
CMI
|
+$4.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.64% |
| 2 | Consumer Discretionary | 16.8% |
| 3 | Healthcare | 12.05% |
| 4 | Industrials | 10.26% |
| 5 | Consumer Staples | 8.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
RB Global
RBA
$16.1B
| $3.88M | 0.09% |
114,000
| – | – |
|
102
Liberty Media Series A
FWONA
$24.2B
| $3.81M | 0.09% |
126,903
| – | – |
|
103
Liberty Global Class A
LBTYA
$3.63B
| $3.61M | 0.09% |
118,000
| – | – |
|
104
HEICO Corp Class A
HEI.A
$36.5B
| $3.36M | 0.08% |
120,850
+29,297
| +32% | +$761K |
|
105
NXP Semiconductors
NXPI
$56.9B
| $3.23M | 0.08% |
33,000
| – | – |
|
106
Cable One
CABO
$129M
| $3.23M | 0.08% |
5,200
| – | – |
|
|
AGN
107
DELISTED
Allergan plc
AGN
| $2.94M | 0.07% |
14,000
+12,000
| +600% | +$2.49M |
|
108
Graham Holdings Company
GHC
$4.94B
| $2.66M | 0.06% |
5,200
| – | – |
|
|
Y
109
DELISTED
Alleghany Corp
Y
| $2.63M | 0.06% |
4,328
| – | – |
|
110
Hershey
HSY
$37.5B
| $2.49M | 0.06% |
24,100
| – | – |
|
|
BBU
111
DELISTED
Brookfield Business Partners
BBU
| $2.44M | 0.06% |
158,283
| – | – |
|
|
MJN
112
DELISTED
Mead Johnson Nutrition Company
MJN
| $2.29M | 0.06% |
32,300
+2,000
| +7% | +$149K |
|
113
Atlanta Braves Holdings Series B
BATRK
$3.33B
| $2.06M | 0.05% |
99,788
| – | – |
|
114
Penske Automotive Group
PAG
$14.2B
| $1.81M | 0.04% |
35,000
+4,000
| +13% | +$195K |
|
115
Sensata Technologies
ST
$6.23B
| $1.79M | 0.04% |
+46,000
| New | +$1.75M |
|
116
Dollar Tree
DLTR
$25.3B
| $1.7M | 0.04% |
+22,000
| New | +$1.77M |
|
117
Becton Dickinson
BDX
$52.3B
| $1.49M | 0.04% |
9,225
| – | – |
|
118
American Tower
AMT
$81.9B
| $1.48M | 0.04% |
14,000
+12,000
| +600% | +$1.3M |
|
119
McKesson
MCK
$100B
| $1.28M | 0.03% |
9,100
| – | – |
|
120
Gilead Sciences
GILD
$181B
| $1M | 0.02% |
+14,000
| New | +$1.04M |
|
121
VF Corp
VFC
$5.65B
| $1M | 0.02% |
19,966
+3,717
| +23% | +$193K |
|
122
Baxter International
BAX
$13.6B
| $975K | 0.02% |
22,000
| – | – |
|
123
Flowserve
FLS
$10.1B
| $961K | 0.02% |
+20,000
| New | +$926K |
|
124
Atlanta Braves Holdings Series A
BATRA
$3.64B
| $873K | 0.02% |
42,600
| – | – |
|
125
Tyson Foods
TSN
$20.6B
| $678K | 0.02% |
+11,000
| New | +$723K |
|
Similar funds
Tom Gayner's Q4 2016 Portfolio in Review
As of Q4 2016, Tom Gayner held 136 positions worth $4.15B, up 6.9% from $3.88B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Tom Gayner's Q4 2016 filing shows 7 new, 46 increased and 3 closed positions. Its largest new stake was Dollar Tree: 22,000 shares worth $1.7M. The largest sale was Harley-Davidson, an estimated $16M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 32% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Tom Gayner's largest Q4 2016 buy was Dollar Tree: 22,000 shares worth $1.7M.
- Tom Gayner added most to Amazon in Q4 2016, an estimated $9.4M increase.
- Tom Gayner fully exited Harley-Davidson in Q4 2016, selling an estimated $16M.
- Tom Gayner's ten largest holdings make up 44% of its $4.15B portfolio in Q4 2016.
- Tom Gayner opened 7 new positions and closed 3 in Q4 2016.
- Tom Gayner's portfolio value rose 6.9% quarter-over-quarter to $4.15B.
Based on Markel Group's 13F filing for Q4 2016, filed 10 Feb 2017.