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 |
Amazon
AMZN
|
+$9.4M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$9.35M |
| 3 |
Texas Instruments
TXN
|
+$6.07M |
| 4 |
Analog Devices
ADI
|
+$5.44M |
| 5 |
SRCL
Stericycle Inc
SRCL
|
+$3.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Harley-Davidson
HOG
|
+$16M |
| 2 |
Emerson Electric
EMR
|
+$8.61M |
| 3 |
Cummins
CMI
|
+$4.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.64% |
| 2 | Consumer Discretionary | 16.8% |
| 3 | Healthcare | 12.05% |
| 4 | Industrials | 10.26% |
| 5 | Consumer Staples | 8.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CarMax
KMX
$8.82B
| $316M | 7.62% |
4,913,070
| – | – |
|
2
Berkshire Hathaway Class A
BRK.A
$1.06T
| $265M | 6.38% |
1,084
| – | – |
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.06T
| $246M | 5.94% |
1,511,607
| – | – |
|
|
WBA
4
DELISTED
Walgreens Boots Alliance
WBA
| $177M | 4.26% |
2,135,000
| – | – |
|
5
Walt Disney
DIS
$186B
| $172M | 4.14% |
1,646,200
+29,000
| +2% | +$2.83M |
|
6
Brookfield
BN
$93.1B
| $170M | 4.1% |
14,430,769
+100,898
| +0.7% | +$1.23M |
|
7
Diageo
DEO
$52.6B
| $137M | 3.31% |
1,322,800
+12,000
| +0.9% | +$1.26M |
|
8
Marriott International
MAR
$92.9B
| $124M | 2.98% |
1,496,269
+24,000
| +2% | +$1.81M |
|
9
Home Depot
HD
$335B
| $123M | 2.97% |
920,000
| – | – |
|
10
Deere & Co
DE
$175B
| $113M | 2.72% |
1,095,400
| – | – |
|
11
UnitedHealth
UNH
$350B
| $106M | 2.56% |
663,000
| – | – |
|
12
ExxonMobil
XOM
$679B
| $85.3M | 2.06% |
944,800
| – | – |
|
13
RLI Corp
RLI
$6B
| $75.6M | 1.82% |
2,394,544
| – | – |
|
14
Johnson & Johnson
JNJ
$651B
| $70.4M | 1.7% |
610,800
| – | – |
|
15
Visa
V
$693B
| $68.8M | 1.66% |
882,300
+11,500
| +1% | +$925K |
|
16
General Dynamics
GD
$104B
| $66.8M | 1.61% |
387,000
| – | – |
|
17
Archer Daniels Midland
ADM
$38.7B
| $66.8M | 1.61% |
1,463,300
| – | – |
|
18
Unilever
UL
$138B
| $62.2M | 1.5% |
1,357,867
| – | – |
|
19
Blackrock
BLK
$179B
| $61.5M | 1.48% |
161,500
+6,000
| +4% | +$2.2M |
|
20
W.P. Carey
WPC
$16.2B
| $56.1M | 1.35% |
970,154
| – | – |
|
21
SLB Ltd
SLB
$79.9B
| $55.6M | 1.34% |
662,500
| – | – |
|
22
Automatic Data Processing
ADP
$112B
| $54.5M | 1.31% |
530,700
| – | – |
|
|
23
Alphabet (Google) Class C
GOOG
$4.18T
| $47.1M | 1.14% |
1,220,620
+240,000
| +24% | +$9.35M |
|
|
MON
24
DELISTED
Monsanto Co
MON
| $41.7M | 1.01% |
396,700
| – | – |
|
|
SCHW
25
Charles Schwab
SCHW
$194B
| $41.7M | 1.01% |
1,057,000
| – | – |
|
Similar funds
Tom Gayner's Q4 2016 Portfolio in Review
As of Q4 2016, Tom Gayner held 136 positions worth $4.15B, up 6.9% from $3.88B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Tom Gayner's Q4 2016 filing shows 7 new, 46 increased and 3 closed positions. Its largest new stake was Dollar Tree: 22,000 shares worth $1.7M. The largest sale was Harley-Davidson, an estimated $16M.
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 Q4 2016 buy was Dollar Tree: 22,000 shares worth $1.7M.
- Tom Gayner added most to Amazon in Q4 2016, an estimated $9.4M increase.
- Tom Gayner fully exited Harley-Davidson in Q4 2016, selling an estimated $16M.
- Tom Gayner's ten largest holdings make up 44% of its $4.15B portfolio in Q4 2016.
- Tom Gayner opened 7 new positions and closed 3 in Q4 2016.
- Tom Gayner's portfolio value rose 6.9% quarter-over-quarter to $4.15B.
Based on Markel Group's 13F filing for Q4 2016, filed 10 Feb 2017.