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 |
SLB Ltd
SLB
|
+$11.7M |
| 2 |
Core Laboratories
CLB
|
+$8.2M |
| 3 |
MON
Monsanto Co
MON
|
+$7.01M |
| 4 |
Deere & Co
DE
|
+$6.48M |
| 5 |
Watsco Inc
WSO
|
+$6.43M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
FFH
FAIRFAX FINL HLDGS LTD SUB VTG
FFH
|
+$146M |
| 2 |
Microsoft
MSFT
|
+$21.8M |
| 3 |
Expeditors International
EXPD
|
+$6.11M |
| 4 |
Brown & Brown
BRO
|
+$5.45M |
| 5 |
CarMax
KMX
|
+$3.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 30.32% |
| 2 | Consumer Discretionary | 16.92% |
| 3 | Healthcare | 12.48% |
| 4 | Consumer Staples | 12.43% |
| 5 | Industrials | 11.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CarMax
KMX
$8.82B
| $339M | 8.57% |
4,913,070
-50,000
| -1% | -$3.26M |
|
2
Berkshire Hathaway Class A
BRK.A
$1.06T
| $234M | 5.93% |
1,078
| – | – |
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.06T
| $218M | 5.51% |
1,511,607
| – | – |
|
|
WBA
4
DELISTED
Walgreens Boots Alliance
WBA
| $181M | 4.57% |
2,135,000
| – | – |
|
5
Brookfield
BN
$93.1B
| $178M | 4.5% |
14,179,000
+25,628
| +0.2% | +$318K |
|
6
Walt Disney
DIS
$186B
| $162M | 4.09% |
1,541,500
+13,000
| +0.9% | +$1.31M |
|
7
Diageo
DEO
$52.6B
| $138M | 3.49% |
1,248,000
+5,000
| +0.4% | +$576K |
|
8
Marriott International
MAR
$92.9B
| $110M | 2.78% |
1,368,869
+13,000
| +1% | +$1.04M |
|
9
Home Depot
HD
$335B
| $105M | 2.64% |
920,000
| – | – |
|
10
Walmart Inc
WMT
$825B
| $90.3M | 2.28% |
3,294,000
| – | – |
|
|
11
Deere & Co
DE
$175B
| $79.4M | 2.01% |
906,000
+73,000
| +9% | +$6.48M |
|
12
UnitedHealth
UNH
$350B
| $78.4M | 1.98% |
663,000
+7,000
| +1% | +$777K |
|
13
ExxonMobil
XOM
$679B
| $73.8M | 1.87% |
868,800
| – | – |
|
14
GE Aerospace
GE
$361B
| $73.5M | 1.86% |
618,266
+4,799
| +0.8% | +$571K |
|
15
Federated Hermes
FHI
$4.76B
| $72.3M | 1.83% |
2,134,000
| – | – |
|
16
United Parcel Service
UPS
$86.8B
| $72.2M | 1.82% |
744,500
+13,000
| +2% | +$1.33M |
|
17
Archer Daniels Midland
ADM
$38.7B
| $65.2M | 1.65% |
1,376,000
| – | – |
|
18
W.P. Carey
WPC
$16.2B
| $64.6M | 1.63% |
970,154
| – | – |
|
19
RLI Corp
RLI
$6B
| $62.7M | 1.59% |
2,394,544
| – | – |
|
20
Unilever
UL
$138B
| $60.9M | 1.54% |
1,298,667
+48,000
| +4% | +$2.3M |
|
21
Johnson & Johnson
JNJ
$651B
| $57.8M | 1.46% |
574,200
| – | – |
|
|
NVO
22
Novo Nordisk
NVO
$207B
| $57.4M | 1.45% |
2,150,000
| – | – |
|
23
Visa
V
$693B
| $52.9M | 1.34% |
808,000
+46,000
| +6% | +$3.04M |
|
24
General Dynamics
GD
$104B
| $52.5M | 1.33% |
387,000
| – | – |
|
25
AB InBev
BUD
$155B
| $51.8M | 1.31% |
425,000
| – | – |
|
Similar funds
Tom Gayner's Q1 2015 Portfolio in Review
As of Q1 2015, Tom Gayner held 111 positions worth $3.96B, down 0.38% from $3.97B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Tom Gayner's Q1 2015 filing shows 5 new, 47 increased, 2 reduced and 5 closed positions. Its largest new stake was Liberty Global Class A: 87,298 shares worth $3.71M. The largest sale was FAIRFAX FINL HLDGS LTD SUB VTG, an estimated $146M.
By sector, the portfolio is most concentrated in Financials at 30% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Tom Gayner's largest Q1 2015 buy was Liberty Global Class A: 87,298 shares worth $3.71M.
- Tom Gayner added most to SLB Ltd in Q1 2015, an estimated $11.7M increase.
- Tom Gayner's biggest Q1 2015 reduction was Microsoft, cutting an estimated $21.8M.
- Tom Gayner fully exited FAIRFAX FINL HLDGS LTD SUB VTG in Q1 2015, selling an estimated $146M.
- Tom Gayner's ten largest holdings make up 44% of its $3.96B portfolio in Q1 2015.
- Tom Gayner opened 5 new positions and closed 5 in Q1 2015.
- Tom Gayner's portfolio value fell 0.38% quarter-over-quarter to $3.96B.
Based on Markel Group's 13F filing for Q1 2015, filed 7 May 2015.