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 |
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
|
+$16.4M |
| 2 |
S&P Global
SPGI
|
+$15.8M |
| 3 |
LSXMA
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
|
+$13.6M |
| 4 |
Texas Instruments
TXN
|
+$10.1M |
| 5 |
Analog Devices
ADI
|
+$8.59M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Mattel
MAT
|
+$21.4M |
| 2 |
Federated Hermes
FHI
|
+$21.3M |
| 3 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$14.6M |
| 4 |
Liberty Media Series C
FWONK
|
+$11.7M |
| 5 |
Procter & Gamble
PG
|
+$10.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.57% |
| 2 | Consumer Discretionary | 15.46% |
| 3 | Healthcare | 13.23% |
| 4 | Industrials | 10.3% |
| 5 | Consumer Staples | 10.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CarMax
KMX
$8.82B
| $241M | 6.35% |
4,913,070
| – | – |
|
2
Berkshire Hathaway Class A
BRK.A
$1.06T
| $235M | 6.2% |
1,084
| – | – |
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.06T
| $219M | 5.77% |
1,511,607
| – | – |
|
|
WBA
4
DELISTED
Walgreens Boots Alliance
WBA
| $178M | 4.69% |
2,135,000
| – | – |
|
5
Brookfield
BN
$93.1B
| $168M | 4.43% |
14,245,789
-128,837
| -0.9% | -$1.54M |
|
6
Walt Disney
DIS
$186B
| $158M | 4.15% |
1,611,200
+20,000
| +1% | +$2M |
|
7
Diageo
DEO
$52.6B
| $147M | 3.87% |
1,302,300
+15,600
| +1% | +$1.69M |
|
8
Home Depot
HD
$335B
| $117M | 3.1% |
920,000
| – | – |
|
9
Marriott International
MAR
$92.9B
| $97.8M | 2.58% |
1,472,269
+20,500
| +1% | +$1.37M |
|
10
UnitedHealth
UNH
$350B
| $93.6M | 2.47% |
663,000
| – | – |
|
11
ExxonMobil
XOM
$679B
| $88.6M | 2.33% |
944,800
| – | – |
|
12
Deere & Co
DE
$175B
| $88.5M | 2.33% |
1,092,400
| – | – |
|
13
RLI Corp
RLI
$6B
| $82.3M | 2.17% |
2,394,544
| – | – |
|
14
Johnson & Johnson
JNJ
$651B
| $74.1M | 1.95% |
610,800
| – | – |
|
15
Unilever
UL
$138B
| $73.2M | 1.93% |
1,357,867
+1,511
| +0.1% | +$77.6K |
|
16
W.P. Carey
WPC
$16.2B
| $66M | 1.74% |
970,154
| – | – |
|
17
Visa
V
$693B
| $63.9M | 1.68% |
861,700
+7,000
| +0.8% | +$548K |
|
18
Archer Daniels Midland
ADM
$38.7B
| $62.8M | 1.65% |
1,463,300
+32,000
| +2% | +$1.28M |
|
|
NVO
19
Novo Nordisk
NVO
$207B
| $57.8M | 1.52% |
2,150,000
| – | – |
|
20
General Dynamics
GD
$104B
| $53.9M | 1.42% |
387,000
| – | – |
|
21
Blackrock
BLK
$179B
| $52.9M | 1.39% |
154,500
+2,500
| +2% | +$879K |
|
22
SLB Ltd
SLB
$79.9B
| $52.4M | 1.38% |
662,500
| – | – |
|
23
Automatic Data Processing
ADP
$112B
| $48.8M | 1.29% |
530,700
| – | – |
|
24
Copart
CPRT
$31.3B
| $47.3M | 1.25% |
7,720,000
| – | – |
|
25
Brown-Forman Class A
BF.A
$13.3B
| $45.5M | 1.2% |
1,053,750
| – | – |
|
Similar funds
Tom Gayner's Q2 2016 Portfolio in Review
As of Q2 2016, Tom Gayner held 143 positions worth $3.79B, up 1.9% from $3.73B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Tom Gayner's Q2 2016 filing shows 14 new, 46 increased, 5 reduced and 13 closed positions. Its largest new stake was Liberty Media Corporation Series C Liberty SiriusXM Common Stock: 685,358 shares worth $16.1M. The largest sale was Mattel, an estimated $21.4M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, down from 32% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Tom Gayner's largest Q2 2016 buy was Liberty Media Corporation Series C Liberty SiriusXM Common Stock: 685,358 shares worth $16.1M.
- Tom Gayner added most to Texas Instruments in Q2 2016, an estimated $10.1M increase.
- Tom Gayner's biggest Q2 2016 reduction was Liberty Media Series C, cutting an estimated $11.7M.
- Tom Gayner fully exited Mattel in Q2 2016, selling an estimated $21.4M.
- Tom Gayner's ten largest holdings make up 44% of its $3.79B portfolio in Q2 2016.
- Tom Gayner opened 14 new positions and closed 13 in Q2 2016.
- Tom Gayner's portfolio value rose 1.9% quarter-over-quarter to $3.79B.
Based on Markel Group's 13F filing for Q2 2016, filed 5 Aug 2016.