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 |
The Mosaic Company
MOS
|
+$6.98M |
| 2 |
Blackrock
BLK
|
+$6.57M |
| 3 |
ENI
E
|
+$4.86M |
| 4 |
Ascent Industries
ACNT
|
+$4.79M |
| 5 |
Chevron
CVX
|
+$4.06M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Atlantic Union Bankshares
AUB
|
+$34.1M |
| 2 |
PCL
PLUM CREEK TIMBER CO (REIT)
PCL
|
+$15.2M |
| 3 |
Jefferies Financial Group
JEF
|
+$8.73M |
| 4 |
CarMax
KMX
|
+$3.66M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$2.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.66% |
| 2 | Consumer Discretionary | 16.06% |
| 3 | Consumer Staples | 13.6% |
| 4 | Healthcare | 11.9% |
| 5 | Industrials | 9.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CarMax
KMX
$8.82B
| $244M | 8.37% |
5,034,519
-74,752
| -1% | -$3.66M |
|
|
2
Berkshire Hathaway Class A
BRK.A
$1.06T
| $186M | 6.39% |
1,094
-5
| -0.5% | -$865K |
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.06T
| $174M | 5.96% |
1,531,357
-18,838
| -1% | -$2.17M |
|
4
Diageo
DEO
$52.6B
| $154M | 5.28% |
1,212,525
-16,350
| -1% | -$2.05M |
|
5
Brookfield
BN
$93.1B
| $118M | 4.06% |
13,521,159
+209,797
| +2% | +$1.79M |
|
|
WBA
6
DELISTED
Walgreens Boots Alliance
WBA
| $116M | 3.96% |
2,149,200
+1,400
| +0.1% | +$70.4K |
|
|
FFH
7
DELISTED
FAIRFAX FINL HLDGS LTD SUB VTG
FFH
| $114M | 3.9% |
279,459
| – | – |
|
8
Walt Disney
DIS
$186B
| $97.5M | 3.34% |
1,511,735
-17,200
| -1% | -$1.1M |
|
9
Walmart Inc
WMT
$825B
| $82.4M | 2.83% |
3,343,422
+14,556
| +0.4% | +$367K |
|
10
ExxonMobil
XOM
$679B
| $73.7M | 2.53% |
856,985
+11,302
| +1% | +$1.02M |
|
11
Home Depot
HD
$335B
| $71.2M | 2.44% |
939,050
-8,748
| -0.9% | -$675K |
|
12
United Parcel Service
UPS
$86.8B
| $67.4M | 2.31% |
738,059
-9,447
| -1% | -$830K |
|
13
W.P. Carey
WPC
$16.2B
| $61.7M | 2.11% |
973,421
| – | – |
|
14
Enovis
ENOV
$1.5B
| $61.3M | 2.1% |
630,426
| – | – |
|
15
GE Aerospace
GE
$361B
| $58.6M | 2.01% |
511,940
+4,572
| +0.9% | +$524K |
|
16
Federated Hermes
FHI
$4.76B
| $58.6M | 2.01% |
2,156,000
| – | – |
|
17
Marriott International
MAR
$92.9B
| $56.4M | 1.93% |
1,340,443
-21,399
| -2% | -$888K |
|
18
RLI Corp
RLI
$6B
| $52.6M | 1.8% |
2,405,040
-42,392
| -2% | -$869K |
|
19
Archer Daniels Midland
ADM
$38.7B
| $51M | 1.75% |
1,383,800
| – | – |
|
20
Johnson & Johnson
JNJ
$651B
| $50.4M | 1.73% |
580,800
-2,150
| -0.4% | -$193K |
|
21
UnitedHealth
UNH
$350B
| $41.3M | 1.41% |
576,300
+6,500
| +1% | +$465K |
|
22
AB InBev
BUD
$155B
| $40.9M | 1.4% |
412,403
+16,850
| +4% | +$1.6M |
|
23
Automatic Data Processing
ADP
$112B
| $38.5M | 1.32% |
606,518
+7,404
| +1% | +$470K |
|
|
NVO
24
Novo Nordisk
NVO
$207B
| $37.5M | 1.29% |
2,217,000
-34,000
| -2% | -$572K |
|
25
General Dynamics
GD
$104B
| $35M | 1.2% |
399,361
-1,797
| -0.4% | -$153K |
|
Similar funds
Tom Gayner's Q3 2013 Portfolio in Review
As of Q3 2013, Tom Gayner held 112 positions worth $2.92B, up 4.3% from $2.8B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Tom Gayner's Q3 2013 filing shows 5 new, 30 increased, 35 reduced and 5 closed positions. Its largest new stake was The Mosaic Company: 150,000 shares worth $6.45M. The largest sale was Atlantic Union Bankshares, an estimated $34.1M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
- Tom Gayner's largest Q3 2013 buy was The Mosaic Company: 150,000 shares worth $6.45M.
- Tom Gayner added most to Blackrock in Q3 2013, an estimated $6.57M increase.
- Tom Gayner's biggest Q3 2013 reduction was Jefferies Financial Group, cutting an estimated $8.73M.
- Tom Gayner fully exited Atlantic Union Bankshares in Q3 2013, selling an estimated $34.1M.
- Tom Gayner's ten largest holdings make up 47% of its $2.92B portfolio in Q3 2013.
- Tom Gayner opened 5 new positions and closed 5 in Q3 2013.
- Tom Gayner's portfolio value rose 4.3% quarter-over-quarter to $2.92B.
Based on Markel Group's 13F filing for Q3 2013, filed 12 Nov 2013.