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 |
Goldman Sachs
GS
|
+$6.87M |
| 2 |
Progressive
PGR
|
+$6.43M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$6.32M |
| 4 |
Starbucks
SBUX
|
+$5.41M |
| 5 |
ScottsMiracle-Gro
SMG
|
+$5.11M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
W.P. Carey
WPC
|
+$16.2M |
| 2 |
BBU
Brookfield Business Partners
BBU
|
+$3.66M |
| 3 |
RB Global
RBA
|
+$3.59M |
| 4 |
Flowserve
FLS
|
+$2.9M |
| 5 |
Gilead Sciences
GILD
|
+$2.49M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.89% |
| 2 | Consumer Discretionary | 19.63% |
| 3 | Industrials | 11.04% |
| 4 | Healthcare | 9.74% |
| 5 | Communication Services | 9.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CarMax
KMX
$8.82B
| $358M | 6.57% |
4,913,070
| – | – |
|
2
Berkshire Hathaway Class A
BRK.A
$1.06T
| $309M | 5.67% |
1,096
+2
| +0.2% | +$586K |
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.06T
| $283M | 5.19% |
1,515,032
+2,330
| +0.2% | +$454K |
|
4
Brookfield
BN
$93.1B
| $228M | 4.18% |
15,749,175
+207,683
| +1% | +$2.96M |
|
5
Diageo
DEO
$52.6B
| $194M | 3.57% |
1,349,800
| – | – |
|
6
Marriott International
MAR
$92.9B
| $192M | 3.52% |
1,515,269
+7,000
| +0.5% | +$952K |
|
7
Walt Disney
DIS
$186B
| $185M | 3.4% |
1,769,200
+26,500
| +2% | +$2.71M |
|
8
Home Depot
HD
$335B
| $179M | 3.29% |
920,000
| – | – |
|
9
UnitedHealth
UNH
$350B
| $163M | 2.99% |
663,000
| – | – |
|
10
Deere & Co
DE
$175B
| $153M | 2.81% |
1,095,400
| – | – |
|
11
Amazon
AMZN
$2.79T
| $149M | 2.73% |
1,748,400
+54,000
| +3% | +$4.29M |
|
|
WBA
12
DELISTED
Walgreens Boots Alliance
WBA
| $129M | 2.37% |
2,148,000
+13,000
| +0.6% | +$837K |
|
|
13
Alphabet (Google) Class C
GOOG
$4.18T
| $122M | 2.24% |
2,190,480
+117,000
| +6% | +$6.32M |
|
14
Visa
V
$693B
| $122M | 2.24% |
920,400
| – | – |
|
15
Blackrock
BLK
$179B
| $95.8M | 1.76% |
191,900
+4,300
| +2% | +$2.27M |
|
16
Unilever
UL
$138B
| $84.4M | 1.55% |
1,357,867
| – | – |
|
17
RLI Corp
RLI
$6B
| $79.2M | 1.45% |
2,394,544
| – | – |
|
18
Johnson & Johnson
JNJ
$651B
| $74.1M | 1.36% |
610,800
| – | – |
|
19
General Dynamics
GD
$104B
| $72.1M | 1.32% |
387,000
| – | – |
|
20
Automatic Data Processing
ADP
$112B
| $71.2M | 1.31% |
530,700
| – | – |
|
21
Texas Instruments
TXN
$241B
| $67.5M | 1.24% |
612,000
+37,000
| +6% | +$4M |
|
22
Archer Daniels Midland
ADM
$38.7B
| $67.1M | 1.23% |
1,463,300
| – | – |
|
23
Analog Devices
ADI
$182B
| $61.1M | 1.12% |
636,811
+49,000
| +8% | +$4.63M |
|
24
Lowe's Companies
LOW
$121B
| $54.5M | 1% |
570,000
| – | – |
|
|
SCHW
25
Charles Schwab
SCHW
$194B
| $54M | 0.99% |
1,057,000
| – | – |
|
Similar funds
Tom Gayner's Q2 2018 Portfolio in Review
As of Q2 2018, Tom Gayner held 148 positions worth $5.45B, up 3.6% from $5.26B the previous quarter. Its ten largest holdings account for 41% of the portfolio.
Tom Gayner's Q2 2018 filing shows 11 new, 48 increased, 1 reduced and 15 closed positions. Its largest new stake was Verizon: 52,000 shares worth $2.62M. The largest sale was W.P. Carey, an estimated $16.2M.
By sector, the portfolio is most concentrated in Financials at 33% of assets, down from 34% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Tom Gayner's largest Q2 2018 buy was Verizon: 52,000 shares worth $2.62M.
- Tom Gayner added most to Goldman Sachs in Q2 2018, an estimated $6.87M increase.
- Tom Gayner's biggest Q2 2018 reduction was W.P. Carey, cutting an estimated $16.2M.
- Tom Gayner fully exited Brookfield Business Partners in Q2 2018, selling an estimated $3.66M.
- Tom Gayner's ten largest holdings make up 41% of its $5.45B portfolio in Q2 2018.
- Tom Gayner opened 11 new positions and closed 15 in Q2 2018.
- Tom Gayner's portfolio value rose 3.6% quarter-over-quarter to $5.45B.
Based on Markel Group's 13F filing for Q2 2018, filed 3 Aug 2018.