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
|
+$10.8M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$10.7M |
| 3 |
Analog Devices
ADI
|
+$8.55M |
| 4 |
SRCL
Stericycle Inc
SRCL
|
+$6.83M |
| 5 |
Texas Instruments
TXN
|
+$4.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$24.5M |
| 2 |
LLTC
Linear Technology Corp
LLTC
|
+$12.8M |
| 3 |
CSX Corp
CSX
|
+$5.03M |
| 4 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$2.29M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.38% |
| 2 | Consumer Discretionary | 16.72% |
| 3 | Healthcare | 11.82% |
| 4 | Industrials | 10.55% |
| 5 | Communication Services | 9.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Liberty Global Class A
LBTYA
$3.63B
| $4.23M | 0.1% |
118,000
| – | – |
|
102
Liberty Media Series A
FWONA
$24.2B
| $3.97M | 0.09% |
126,903
| – | – |
|
103
Goldman Sachs
GS
$303B
| $3.93M | 0.09% |
17,100
| – | – |
|
104
RB Global
RBA
$16.1B
| $3.75M | 0.08% |
114,000
| – | – |
|
105
NXP Semiconductors
NXPI
$56.9B
| $3.62M | 0.08% |
35,000
+2,000
| +6% | +$202K |
|
106
Dollar Tree
DLTR
$25.3B
| $3.61M | 0.08% |
46,000
+24,000
| +109% | +$1.84M |
|
107
American Tower
AMT
$81.9B
| $3.58M | 0.08% |
29,500
+15,500
| +111% | +$1.71M |
|
108
Cable One
CABO
$129M
| $3.25M | 0.07% |
5,200
| – | – |
|
109
Graham Holdings Company
GHC
$4.94B
| $3.12M | 0.07% |
5,200
| – | – |
|
|
Y
110
DELISTED
Alleghany Corp
Y
| $2.66M | 0.06% |
4,328
| – | – |
|
111
Hershey
HSY
$37.5B
| $2.63M | 0.06% |
24,100
| – | – |
|
|
BBU
112
DELISTED
Brookfield Business Partners
BBU
| $2.5M | 0.06% |
158,283
| – | – |
|
113
Healthcare Services Group
HCSG
$1.56B
| $2.37M | 0.05% |
+55,000
| New | +$2.26M |
|
114
Atlanta Braves Holdings Series B
BATRK
$3.33B
| $2.36M | 0.05% |
99,788
| – | – |
|
115
Penske Automotive Group
PAG
$14.2B
| $2.29M | 0.05% |
49,000
+14,000
| +40% | +$715K |
|
116
Flowserve
FLS
$10.1B
| $2.13M | 0.05% |
44,000
+24,000
| +120% | +$1.16M |
|
117
Gilead Sciences
GILD
$181B
| $1.83M | 0.04% |
27,000
+13,000
| +93% | +$914K |
|
118
Hexcel
HXL
$7.1B
| $1.8M | 0.04% |
33,000
+21,000
| +175% | +$1.1M |
|
119
VF Corp
VFC
$5.65B
| $1.69M | 0.04% |
32,710
+12,744
| +64% | +$629K |
|
120
IBM
IBM
$222B
| $1.69M | 0.04% |
+10,146
| New | +$1.7M |
|
121
Becton Dickinson
BDX
$52.3B
| $1.65M | 0.04% |
9,225
| – | – |
|
122
Albemarle
ALB
$16.9B
| $1.58M | 0.04% |
+15,000
| New | +$1.46M |
|
123
Starbucks
SBUX
$122B
| $1.52M | 0.03% |
26,000
+14,000
| +117% | +$792K |
|
|
COL
124
DELISTED
Rockwell Collins
COL
| $1.46M | 0.03% |
+15,000
| New | +$1.41M |
|
125
McKesson
MCK
$100B
| $1.35M | 0.03% |
9,100
| – | – |
|
Similar funds
Tom Gayner's Q1 2017 Portfolio in Review
As of Q1 2017, Tom Gayner held 137 positions worth $4.44B, up 7% from $4.15B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Tom Gayner's Q1 2017 filing shows 4 new, 54 increased and 4 closed positions. Its largest new stake was Healthcare Services Group: 55,000 shares worth $2.37M. The largest sale was Oracle, an estimated $24.5M.
By sector, the portfolio is most concentrated in Financials at 31% of assets, down from 32% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Tom Gayner's largest Q1 2017 buy was Healthcare Services Group: 55,000 shares worth $2.37M.
- Tom Gayner added most to Amazon in Q1 2017, an estimated $10.8M increase.
- Tom Gayner fully exited Oracle in Q1 2017, selling an estimated $24.5M.
- Tom Gayner's ten largest holdings make up 43% of its $4.44B portfolio in Q1 2017.
- Tom Gayner opened 4 new positions and closed 4 in Q1 2017.
- Tom Gayner's portfolio value rose 7% quarter-over-quarter to $4.44B.
Based on Markel Group's 13F filing for Q1 2017, filed 28 Apr 2017.