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 |
Alphabet (Google) Class C
GOOG
|
+$11.8M |
| 2 |
Amazon
AMZN
|
+$11.1M |
| 3 |
Texas Instruments
TXN
|
+$7.16M |
| 4 |
Analog Devices
ADI
|
+$6.57M |
| 5 |
Watsco Inc
WSO
|
+$3.87M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Copart
CPRT
|
+$47.3M |
| 2 |
NOV
NOV
|
+$20.5M |
| 3 |
Capital One
COF
|
+$8M |
| 4 |
CRR
Carbo Ceramics Inc.
CRR
|
+$2.82M |
| 5 |
BCR
CR Bard Inc.
BCR
|
+$2.12M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.83% |
| 2 | Consumer Discretionary | 16.02% |
| 3 | Healthcare | 12.4% |
| 4 | Industrials | 9.95% |
| 5 | Consumer Staples | 9.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CarMax
KMX
$8.82B
| $262M | 6.76% |
4,913,070
| – | – |
|
2
Berkshire Hathaway Class A
BRK.A
$1.06T
| $234M | 6.04% |
1,084
| – | – |
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.06T
| $218M | 5.63% |
1,511,607
| – | – |
|
4
Brookfield
BN
$93.1B
| $180M | 4.64% |
14,329,871
+84,082
| +0.6% | +$1.03M |
|
|
WBA
5
DELISTED
Walgreens Boots Alliance
WBA
| $172M | 4.44% |
2,135,000
| – | – |
|
6
Diageo
DEO
$52.6B
| $152M | 3.92% |
1,310,800
+8,500
| +0.7% | +$972K |
|
7
Walt Disney
DIS
$186B
| $150M | 3.87% |
1,617,200
+6,000
| +0.4% | +$575K |
|
8
Home Depot
HD
$335B
| $118M | 3.05% |
920,000
| – | – |
|
9
Marriott International
MAR
$92.9B
| $99.1M | 2.56% |
1,472,269
| – | – |
|
10
Deere & Co
DE
$175B
| $93.5M | 2.41% |
1,095,400
+3,000
| +0.3% | +$245K |
|
11
UnitedHealth
UNH
$350B
| $92.8M | 2.39% |
663,000
| – | – |
|
12
ExxonMobil
XOM
$679B
| $82.5M | 2.13% |
944,800
| – | – |
|
13
RLI Corp
RLI
$6B
| $81.8M | 2.11% |
2,394,544
| – | – |
|
14
Unilever
UL
$138B
| $72.4M | 1.87% |
1,357,867
| – | – |
|
15
Johnson & Johnson
JNJ
$651B
| $72.2M | 1.86% |
610,800
| – | – |
|
16
Visa
V
$693B
| $72M | 1.86% |
870,800
+9,100
| +1% | +$729K |
|
17
Archer Daniels Midland
ADM
$38.7B
| $61.7M | 1.59% |
1,463,300
| – | – |
|
18
W.P. Carey
WPC
$16.2B
| $61.3M | 1.58% |
970,154
| – | – |
|
19
General Dynamics
GD
$104B
| $60M | 1.55% |
387,000
| – | – |
|
20
Blackrock
BLK
$179B
| $56.4M | 1.45% |
155,500
+1,000
| +0.6% | +$364K |
|
21
SLB Ltd
SLB
$79.9B
| $52.1M | 1.34% |
662,500
| – | – |
|
22
Automatic Data Processing
ADP
$112B
| $46.8M | 1.21% |
530,700
| – | – |
|
|
NVO
23
Novo Nordisk
NVO
$207B
| $44.7M | 1.15% |
2,150,000
| – | – |
|
24
Brown-Forman Class A
BF.A
$13.3B
| $41.9M | 1.08% |
1,053,750
| – | – |
|
|
MRSH
25
Marsh
MRSH
$91.6B
| $41M | 1.06% |
609,500
| – | – |
|
Similar funds
Tom Gayner's Q3 2016 Portfolio in Review
As of Q3 2016, Tom Gayner held 134 positions worth $3.88B, up 2.2% from $3.79B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Tom Gayner's Q3 2016 filing shows 4 new, 41 increased, 1 reduced and 5 closed positions. Its largest new stake was NXP Semiconductors: 33,000 shares worth $3.37M. The largest sale was Copart, an estimated $47.3M.
By sector, the portfolio is most concentrated in Financials at 32% of assets, up from 32% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Tom Gayner's largest Q3 2016 buy was NXP Semiconductors: 33,000 shares worth $3.37M.
- Tom Gayner added most to Alphabet (Google) Class C in Q3 2016, an estimated $11.8M increase.
- Tom Gayner's biggest Q3 2016 reduction was Liberty Latin America Class A, cutting an estimated $118.
- Tom Gayner fully exited Copart in Q3 2016, selling an estimated $47.3M.
- Tom Gayner's ten largest holdings make up 43% of its $3.88B portfolio in Q3 2016.
- Tom Gayner opened 4 new positions and closed 5 in Q3 2016.
- Tom Gayner's portfolio value rose 2.2% quarter-over-quarter to $3.88B.
Based on Markel Group's 13F filing for Q3 2016, filed 4 Nov 2016.