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 | |
|---|---|---|---|---|---|---|
126
Meta Platforms (Facebook)
META
$1.42T
| $366K | 0.01% |
+3,500
| New | +$360K |
|
127
PJT Partners
PJT
$4.5B
| $344K | 0.01% |
+12,175
| New | +$279K |
|
128
Rush Enterprises Class A
RUSHA
$8.47B
| $328K | 0.01% |
33,750
| – | – |
|
129
State Street
STT
$52.1B
| $299K | 0.01% |
+4,500
| New | +$312K |
|
130
Liberty Latin America Class A
LILA
$1.68B
| $211K | 0.01% |
+7,965
| New | +$191K |
|
|
131
AB InBev
BUD
$157B
| – | – |
-425,000
| Closed | -$45.2M |
|
132
Darling Ingredients
DAR
$9.82B
| – | – |
-65,000
| Closed | -$731K |
|
|
133
GE Aerospace
GE
$353B
| – | – |
-618,266
| Closed | -$74.7M |
|
|
134
Intel
INTC
$461B
| – | – |
-991,000
| Closed | -$29.9M |
|
135
Las Vegas Sands
LVS
$30.5B
| – | – |
-48,000
| Closed | -$1.82M |
|
136
McDonald's
MCD
$193B
| – | – |
-181,000
| Closed | -$17.8M |
|
|
137
Walmart Inc
WMT
$835B
| – | – |
-3,294,000
| Closed | -$71.2M |
|
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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.