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
|
+$9.82M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$9.32M |
| 3 |
Goldman Sachs
GS
|
+$4.96M |
| 4 |
Blackstone
BX
|
+$2.96M |
| 5 |
Brookfield
BN
|
+$2.95M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ExxonMobil
XOM
|
+$31.8M |
| 2 |
Core Laboratories
CLB
|
+$11.1M |
| 3 |
NXP Semiconductors
NXPI
|
+$3.83M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.25% |
| 2 | Consumer Discretionary | 17.93% |
| 3 | Industrials | 11.37% |
| 4 | Healthcare | 11.24% |
| 5 | Consumer Staples | 8.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Ascent Industries
ACNT
$133M
| $5.18M | 0.1% |
414,804
| – | – |
|
102
Bunge Global
BG
$21.7B
| $4.99M | 0.1% |
71,800
| – | – |
|
103
Hexcel
HXL
$7.1B
| $4.94M | 0.1% |
86,000
+21,000
| +32% | +$1.13M |
|
104
American Tower
AMT
$81.9B
| $4.85M | 0.1% |
35,500
| – | – |
|
|
COL
105
DELISTED
Rockwell Collins
COL
| $4.84M | 0.1% |
37,000
+9,000
| +32% | +$1.09M |
|
106
Liberty Global Class A
LBTYA
$3.63B
| $4.21M | 0.08% |
124,000
+6,000
| +5% | +$200K |
|
107
McKesson
MCK
$100B
| $4.01M | 0.08% |
26,100
+11,000
| +73% | +$1.72M |
|
108
Cable One
CABO
$129M
| $3.75M | 0.07% |
5,200
| – | – |
|
109
RB Global
RBA
$16.1B
| $3.6M | 0.07% |
114,000
| – | – |
|
110
Penske Automotive Group
PAG
$14.2B
| $3.42M | 0.07% |
72,000
+10,000
| +16% | +$432K |
|
111
Graham Holdings Company
GHC
$4.94B
| $3.04M | 0.06% |
5,200
| – | – |
|
|
BBU
112
DELISTED
Brookfield Business Partners
BBU
| $3.01M | 0.06% |
158,283
| – | – |
|
113
Healthcare Services Group
HCSG
$1.56B
| $2.97M | 0.06% |
55,000
| – | – |
|
114
Choice Hotels
CHH
$4.93B
| $2.88M | 0.06% |
45,000
+18,000
| +67% | +$1.12M |
|
115
Flowserve
FLS
$10.1B
| $2.85M | 0.06% |
67,000
+10,000
| +18% | +$421K |
|
116
Starbucks
SBUX
$122B
| $2.79M | 0.06% |
52,000
+13,000
| +33% | +$720K |
|
117
Gilead Sciences
GILD
$181B
| $2.67M | 0.05% |
33,000
| – | – |
|
118
Hershey
HSY
$37.5B
| $2.63M | 0.05% |
24,100
| – | – |
|
119
Atlanta Braves Holdings Series B
BATRK
$3.33B
| $2.52M | 0.05% |
99,788
| – | – |
|
|
Y
120
DELISTED
Alleghany Corp
Y
| $2.4M | 0.05% |
4,328
| – | – |
|
121
GE Aerospace
GE
$361B
| $2.3M | 0.05% |
19,823
+11,477
| +138% | +$1.39M |
|
122
IBM
IBM
$222B
| $2.28M | 0.05% |
16,422
| – | – |
|
123
VF Corp
VFC
$5.65B
| $1.96M | 0.04% |
32,710
| – | – |
|
124
Becton Dickinson
BDX
$52.3B
| $1.76M | 0.04% |
9,225
| – | – |
|
125
Under Armour Class C
UA
$2.25B
| $1.65M | 0.03% |
110,000
+50,000
| +83% | +$842K |
|
Similar funds
Tom Gayner's Q3 2017 Portfolio in Review
As of Q3 2017, Tom Gayner held 141 positions worth $5.02B, up 7.1% from $4.69B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Trading was light in Q3 2017: portfolio turnover was 3.5%. Tom Gayner opened 3 new positions and exited 2, leaving the 141-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Tom Gayner's largest Q3 2017 buy was International Flavors & Fragrances: 8,000 shares worth $1.14M.
- Tom Gayner added most to Amazon in Q3 2017, an estimated $9.82M increase.
- Tom Gayner's biggest Q3 2017 reduction was ExxonMobil, cutting an estimated $31.8M.
- Tom Gayner fully exited Core Laboratories in Q3 2017, selling an estimated $11.1M.
- Tom Gayner's ten largest holdings make up 43% of its $5.02B portfolio in Q3 2017.
- Tom Gayner opened 3 new positions and closed 2 in Q3 2017.
- Tom Gayner's portfolio value rose 7.1% quarter-over-quarter to $5.02B.
Based on Markel Group's 13F filing for Q3 2017, filed 27 Oct 2017.