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
|
+$10.8M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$10.7M |
| 3 |
Analog Devices
ADI
|
+$8.55M |
| 4 |
SRCL
Stericycle Inc
SRCL
|
+$6.83M |
| 5 |
Texas Instruments
TXN
|
+$4.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oracle
ORCL
|
+$24.5M |
| 2 |
LLTC
Linear Technology Corp
LLTC
|
+$12.8M |
| 3 |
CSX Corp
CSX
|
+$5.03M |
| 4 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$2.29M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 31.38% |
| 2 | Consumer Discretionary | 16.72% |
| 3 | Healthcare | 11.82% |
| 4 | Industrials | 10.55% |
| 5 | Communication Services | 9.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CarMax
KMX
$8.82B
| $291M | 6.55% |
4,913,070
| – | – |
|
2
Berkshire Hathaway Class A
BRK.A
$1.06T
| $272M | 6.12% |
1,088
+4
| +0.4% | +$1M |
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.06T
| $252M | 5.68% |
1,511,607
| – | – |
|
4
Brookfield
BN
$93.1B
| $192M | 4.32% |
14,727,859
+297,090
| +2% | +$3.76M |
|
5
Walt Disney
DIS
$186B
| $189M | 4.25% |
1,663,200
+17,000
| +1% | +$1.87M |
|
|
WBA
6
DELISTED
Walgreens Boots Alliance
WBA
| $177M | 3.99% |
2,135,000
| – | – |
|
7
Diageo
DEO
$52.6B
| $154M | 3.48% |
1,334,800
+12,000
| +0.9% | +$1.35M |
|
8
Marriott International
MAR
$92.9B
| $142M | 3.2% |
1,508,269
+12,000
| +0.8% | +$1.04M |
|
9
Home Depot
HD
$335B
| $135M | 3.04% |
920,000
| – | – |
|
10
Deere & Co
DE
$175B
| $119M | 2.69% |
1,095,400
| – | – |
|
11
UnitedHealth
UNH
$350B
| $109M | 2.45% |
663,000
| – | – |
|
12
Visa
V
$693B
| $79.2M | 1.78% |
891,300
+9,000
| +1% | +$774K |
|
13
ExxonMobil
XOM
$679B
| $77.5M | 1.75% |
944,800
| – | – |
|
14
Johnson & Johnson
JNJ
$651B
| $76.1M | 1.71% |
610,800
| – | – |
|
15
Unilever
UL
$138B
| $75.4M | 1.7% |
1,357,867
| – | – |
|
16
General Dynamics
GD
$104B
| $72.4M | 1.63% |
387,000
| – | – |
|
17
RLI Corp
RLI
$6B
| $71.9M | 1.62% |
2,394,544
| – | – |
|
18
Archer Daniels Midland
ADM
$38.7B
| $67.4M | 1.52% |
1,463,300
| – | – |
|
19
Blackrock
BLK
$179B
| $64.6M | 1.46% |
168,500
+7,000
| +4% | +$2.68M |
|
|
20
Alphabet (Google) Class C
GOOG
$4.18T
| $61.4M | 1.38% |
1,480,620
+260,000
| +21% | +$10.7M |
|
21
W.P. Carey
WPC
$16.2B
| $59.1M | 1.33% |
970,154
| – | – |
|
22
Automatic Data Processing
ADP
$112B
| $54.3M | 1.22% |
530,700
| – | – |
|
|
23
Amazon
AMZN
$2.79T
| $52.3M | 1.18% |
1,180,000
+260,000
| +28% | +$10.8M |
|
24
SLB Ltd
SLB
$79.9B
| $51.7M | 1.17% |
662,500
| – | – |
|
25
Lowe's Companies
LOW
$121B
| $46.3M | 1.04% |
563,000
+23,000
| +4% | +$1.76M |
|
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Tom Gayner's Q1 2017 Portfolio in Review
As of Q1 2017, Tom Gayner held 137 positions worth $4.44B, up 7% from $4.15B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Tom Gayner's Q1 2017 filing shows 4 new, 54 increased and 4 closed positions. Its largest new stake was Healthcare Services Group: 55,000 shares worth $2.37M. The largest sale was Oracle, an estimated $24.5M.
By sector, the portfolio is most concentrated in Financials at 31% of assets, down from 32% a quarter earlier, followed by Consumer Discretionary and Healthcare.
- Tom Gayner's largest Q1 2017 buy was Healthcare Services Group: 55,000 shares worth $2.37M.
- Tom Gayner added most to Amazon in Q1 2017, an estimated $10.8M increase.
- Tom Gayner fully exited Oracle in Q1 2017, selling an estimated $24.5M.
- Tom Gayner's ten largest holdings make up 43% of its $4.44B portfolio in Q1 2017.
- Tom Gayner opened 4 new positions and closed 4 in Q1 2017.
- Tom Gayner's portfolio value rose 7% quarter-over-quarter to $4.44B.
Based on Markel Group's 13F filing for Q1 2017, filed 28 Apr 2017.