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 |
Apple
AAPL
|
+$19.4M |
| 2 |
Whirlpool
WHR
|
+$15M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$9.82M |
| 4 |
ScottsMiracle-Gro
SMG
|
+$9.04M |
| 5 |
Sherwin-Williams
SHW
|
+$8.35M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Deere & Co
DE
|
+$14.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.88% |
| 2 | Consumer Discretionary | 19.15% |
| 3 | Industrials | 11.14% |
| 4 | Communication Services | 9.68% |
| 5 | Healthcare | 9.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CarMax
KMX
$8.82B
| $343M | 5.75% |
4,913,070
| – | – |
|
2
Berkshire Hathaway Class A
BRK.A
$1.06T
| $330M | 5.53% |
1,096
| – | – |
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.06T
| $306M | 5.12% |
1,521,117
+2,370
| +0.2% | +$478K |
|
4
Brookfield
BN
$93.1B
| $268M | 4.49% |
16,081,214
+178,113
| +1% | +$2.77M |
|
5
Diageo
DEO
$52.6B
| $221M | 3.7% |
1,349,800
| – | – |
|
6
Walt Disney
DIS
$186B
| $201M | 3.36% |
1,806,500
+6,000
| +0.3% | +$671K |
|
7
Marriott International
MAR
$92.9B
| $192M | 3.22% |
1,538,269
+6,000
| +0.4% | +$706K |
|
8
Home Depot
HD
$335B
| $177M | 2.96% |
920,000
| – | – |
|
9
Amazon
AMZN
$2.79T
| $166M | 2.78% |
1,864,740
+69,840
| +4% | +$5.81M |
|
|
10
Deere & Co
DE
$175B
| $161M | 2.69% |
1,005,900
-89,500
| -8% | -$14.3M |
|
11
UnitedHealth
UNH
$350B
| $148M | 2.48% |
599,000
| – | – |
|
12
Visa
V
$693B
| $146M | 2.44% |
931,800
+6,000
| +0.6% | +$865K |
|
|
13
Alphabet (Google) Class C
GOOG
$4.18T
| $145M | 2.44% |
2,478,780
+175,000
| +8% | +$9.82M |
|
|
WBA
14
DELISTED
Walgreens Boots Alliance
WBA
| $136M | 2.28% |
2,148,000
| – | – |
|
15
Blackrock
BLK
$179B
| $88.3M | 1.48% |
206,700
+11,000
| +6% | +$4.61M |
|
16
Unilever
UL
$138B
| $88.2M | 1.48% |
1,357,867
| – | – |
|
17
RLI Corp
RLI
$6B
| $85.9M | 1.44% |
2,394,544
| – | – |
|
18
Johnson & Johnson
JNJ
$651B
| $85.4M | 1.43% |
610,800
| – | – |
|
19
Automatic Data Processing
ADP
$112B
| $84.8M | 1.42% |
530,700
| – | – |
|
20
Analog Devices
ADI
$182B
| $79.5M | 1.33% |
754,811
+55,000
| +8% | +$5.52M |
|
21
Texas Instruments
TXN
$241B
| $69.8M | 1.17% |
658,000
+22,000
| +3% | +$2.28M |
|
22
General Dynamics
GD
$104B
| $65.5M | 1.1% |
387,000
| – | – |
|
23
Elevance Health
ELV
$86.9B
| $64.3M | 1.08% |
224,000
| – | – |
|
24
Archer Daniels Midland
ADM
$38.7B
| $63.1M | 1.06% |
1,463,300
| – | – |
|
25
Lowe's Companies
LOW
$121B
| $62.4M | 1.05% |
570,000
| – | – |
|
Similar funds
Tom Gayner's Q1 2019 Portfolio in Review
As of Q1 2019, Tom Gayner held 133 positions worth $5.97B, up 14% from $5.23B the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Trading was light in Q1 2019: portfolio turnover was 0.75%. Tom Gayner opened 1 new position and made no exits, leaving the 133-position portfolio largely intact.
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 Q1 2019 buy was Synchrony: 8,006 shares worth $255K.
- Tom Gayner added most to Apple in Q1 2019, an estimated $19.4M increase.
- Tom Gayner's biggest Q1 2019 reduction was Deere & Co, cutting an estimated $14.3M.
- Tom Gayner's ten largest holdings make up 40% of its $5.97B portfolio in Q1 2019.
- Tom Gayner opened 1 new position and closed 0 in Q1 2019.
- Tom Gayner's portfolio value rose 14% quarter-over-quarter to $5.97B.
Based on Markel Group's 13F filing for Q1 2019, filed 3 May 2019.