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 |
Deere & Co
DE
|
+$25.3M |
| 2 |
Unilever
UL
|
+$8.57M |
| 3 |
SLB Ltd
SLB
|
+$7.18M |
| 4 |
LBRDK
Liberty Broadband Class C
LBRDK
|
+$6.35M |
| 5 |
CDK
CDK Global, Inc.
CDK
|
+$6.27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Teva Pharmaceuticals
TEVA
|
+$23.9M |
| 2 |
Brown & Brown
BRO
|
+$6.42M |
| 3 |
Automatic Data Processing
ADP
|
+$5.98M |
| 4 |
Liberty Media Series C
FWONK
|
+$5.79M |
| 5 |
Coca-Cola
KO
|
+$5.55M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 33.08% |
| 2 | Consumer Discretionary | 16.02% |
| 3 | Consumer Staples | 12.53% |
| 4 | Industrials | 11.33% |
| 5 | Healthcare | 11.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CarMax
KMX
$8.82B
| $330M | 8.32% |
4,963,070
| – | – |
|
2
Berkshire Hathaway Class A
BRK.A
$1.06T
| $244M | 6.14% |
1,078
| – | – |
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.06T
| $227M | 5.72% |
1,511,607
| – | – |
|
4
Brookfield
BN
$93.1B
| $166M | 4.18% |
14,153,372
+115,327
| +0.8% | +$1.3M |
|
|
WBA
5
DELISTED
Walgreens Boots Alliance
WBA
| $162M | 4.09% |
2,135,000
| – | – |
|
|
FFH
6
DELISTED
FAIRFAX FINL HLDGS LTD SUB VTG
FFH
| $146M | 3.69% |
279,459
| – | – |
|
7
Walt Disney
DIS
$186B
| $144M | 3.63% |
1,528,500
+14,000
| +0.9% | +$1.26M |
|
8
Diageo
DEO
$52.6B
| $142M | 3.57% |
1,243,000
+13,000
| +1% | +$1.51M |
|
9
Marriott International
MAR
$92.9B
| $106M | 2.66% |
1,355,869
+25,000
| +2% | +$1.85M |
|
10
Home Depot
HD
$335B
| $96.6M | 2.43% |
920,000
| – | – |
|
11
Walmart Inc
WMT
$825B
| $94.3M | 2.37% |
3,294,000
| – | – |
|
12
United Parcel Service
UPS
$86.8B
| $81.3M | 2.05% |
731,500
+5,000
| +0.7% | +$528K |
|
13
ExxonMobil
XOM
$679B
| $80.3M | 2.02% |
868,800
| – | – |
|
14
GE Aerospace
GE
$361B
| $74.3M | 1.87% |
613,467
+13,772
| +2% | +$1.69M |
|
|
15
Deere & Co
DE
$175B
| $73.7M | 1.86% |
833,000
+293,000
| +54% | +$25.3M |
|
16
Archer Daniels Midland
ADM
$38.7B
| $71.6M | 1.8% |
1,376,000
| – | – |
|
17
Federated Hermes
FHI
$4.76B
| $70.3M | 1.77% |
2,134,000
| – | – |
|
18
W.P. Carey
WPC
$16.2B
| $66.6M | 1.68% |
970,154
| – | – |
|
19
UnitedHealth
UNH
$350B
| $66.3M | 1.67% |
656,000
+12,000
| +2% | +$1.14M |
|
20
Johnson & Johnson
JNJ
$651B
| $60M | 1.51% |
574,200
| – | – |
|
21
RLI Corp
RLI
$6B
| $59.1M | 1.49% |
2,394,544
| – | – |
|
|
22
Unilever
UL
$138B
| $57M | 1.43% |
1,250,667
+186,667
| +18% | +$8.57M |
|
23
Enovis
ENOV
$1.5B
| $56M | 1.41% |
630,426
| – | – |
|
24
General Dynamics
GD
$104B
| $53.3M | 1.34% |
387,000
| – | – |
|
25
Visa
V
$693B
| $49.9M | 1.26% |
762,000
+48,000
| +7% | +$2.89M |
|
Similar funds
Tom Gayner's Q4 2014 Portfolio in Review
As of Q4 2014, Tom Gayner held 112 positions worth $3.97B, up 12% from $3.55B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Tom Gayner's Q4 2014 filing shows 9 new, 42 increased, 4 reduced and 6 closed positions. Its largest new stake was Liberty Broadband Class C: 129,000 shares worth $6.43M. The largest sale was Teva Pharmaceuticals, an estimated $23.9M.
By sector, the portfolio is most concentrated in Financials at 33% of assets, up from 33% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.
- Tom Gayner's largest Q4 2014 buy was Liberty Broadband Class C: 129,000 shares worth $6.43M.
- Tom Gayner added most to Deere & Co in Q4 2014, an estimated $25.3M increase.
- Tom Gayner's biggest Q4 2014 reduction was Brown & Brown, cutting an estimated $6.42M.
- Tom Gayner fully exited Teva Pharmaceuticals in Q4 2014, selling an estimated $23.9M.
- Tom Gayner's ten largest holdings make up 44% of its $3.97B portfolio in Q4 2014.
- Tom Gayner opened 9 new positions and closed 6 in Q4 2014.
- Tom Gayner's portfolio value rose 12% quarter-over-quarter to $3.97B.
Based on Markel Group's 13F filing for Q4 2014, filed 9 Feb 2015.