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 |
Progressive
PGR
|
+$12M |
| 2 |
Starbucks
SBUX
|
+$9.08M |
| 3 |
Capital One
COF
|
+$7.47M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$7.33M |
| 5 |
Goldman Sachs
GS
|
+$6.99M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MON
Monsanto Co
MON
|
+$46.3M |
| 2 |
Moody's
MCO
|
+$14.6M |
| 3 |
Brown-Forman Class A
BF.A
|
+$11.3M |
| 4 |
Factset
FDS
|
+$9.69M |
| 5 |
PACCAR
PCAR
|
+$8.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.83% |
| 2 | Consumer Discretionary | 18.26% |
| 3 | Industrials | 12.08% |
| 4 | Healthcare | 10.06% |
| 5 | Consumer Staples | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Liberty Media Series A
FWONA
$24.2B
| $5.46M | 0.1% |
194,793
+30,289
| +18% | +$944K |
|
102
Aon
AON
$75.3B
| $5.19M | 0.1% |
37,000
| – | – |
|
103
American Tower
AMT
$81.9B
| $5.16M | 0.1% |
35,500
| – | – |
|
104
Liberty Global Class A
LBTYA
$3.63B
| $4.76M | 0.09% |
152,000
+28,000
| +23% | +$967K |
|
105
Microchip Technology
MCHP
$41.3B
| $4.48M | 0.09% |
98,000
+82,000
| +513% | +$3.78M |
|
106
McKesson
MCK
$100B
| $4.24M | 0.08% |
30,100
+4,000
| +15% | +$623K |
|
|
BBU
107
DELISTED
Brookfield Business Partners
BBU
| $3.66M | 0.07% |
158,283
| – | – |
|
108
Goodyear
GT
$1.72B
| $3.59M | 0.07% |
135,000
+115,000
| +575% | +$3.56M |
|
109
RB Global
RBA
$16.1B
| $3.59M | 0.07% |
114,000
| – | – |
|
110
Cable One
CABO
$129M
| $3.57M | 0.07% |
5,200
| – | – |
|
111
Penske Automotive Group
PAG
$14.2B
| $3.19M | 0.06% |
72,000
| – | – |
|
112
Graham Holdings Company
GHC
$4.94B
| $3.13M | 0.06% |
5,200
| – | – |
|
113
Flowserve
FLS
$10.1B
| $2.9M | 0.06% |
67,000
| – | – |
|
|
Y
114
DELISTED
Alleghany Corp
Y
| $2.66M | 0.05% |
4,328
| – | – |
|
115
Gilead Sciences
GILD
$181B
| $2.49M | 0.05% |
33,000
| – | – |
|
116
IBM
IBM
$222B
| $2.41M | 0.05% |
16,422
| – | – |
|
117
Healthcare Services Group
HCSG
$1.56B
| $2.39M | 0.05% |
55,000
| – | – |
|
118
Hershey
HSY
$37.5B
| $2.38M | 0.05% |
24,100
| – | – |
|
119
Atlanta Braves Holdings Series B
BATRK
$3.33B
| $2.28M | 0.04% |
99,788
| – | – |
|
120
Becton Dickinson
BDX
$52.3B
| $1.95M | 0.04% |
9,225
| – | – |
|
121
Under Armour Class C
UA
$2.25B
| $1.58M | 0.03% |
110,000
| – | – |
|
122
Baxter International
BAX
$13.6B
| $1.43M | 0.03% |
22,000
| – | – |
|
123
International Flavors & Fragrances
IFF
$21.5B
| $1.37M | 0.03% |
10,000
+2,000
| +25% | +$290K |
|
124
W.R. Berkley
WRB
$25.5B
| $1.31M | 0.02% |
60,750
| – | – |
|
125
Mattel
MAT
$4.15B
| $1.3M | 0.02% |
+99,000
| New | +$1.54M |
|
Similar funds
Tom Gayner's Q1 2018 Portfolio in Review
As of Q1 2018, Tom Gayner held 144 positions worth $5.26B, down 0.68% from $5.3B the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Tom Gayner's Q1 2018 filing shows 6 new, 42 increased, 5 reduced and 7 closed positions. Its largest new stake was Progressive: 210,000 shares worth $12.8M. The largest sale was Monsanto Co, an estimated $46.3M.
By sector, the portfolio is most concentrated in Financials at 34% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Tom Gayner's largest Q1 2018 buy was Progressive: 210,000 shares worth $12.8M.
- Tom Gayner added most to Starbucks in Q1 2018, an estimated $9.08M increase.
- Tom Gayner's biggest Q1 2018 reduction was Moody's, cutting an estimated $14.6M.
- Tom Gayner fully exited Monsanto Co in Q1 2018, selling an estimated $46.3M.
- Tom Gayner's ten largest holdings make up 42% of its $5.26B portfolio in Q1 2018.
- Tom Gayner opened 6 new positions and closed 7 in Q1 2018.
- Tom Gayner's portfolio value fell 0.68% quarter-over-quarter to $5.26B.
Based on Markel Group's 13F filing for Q1 2018, filed 27 Apr 2018.