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 |
Mohawk Industries
MHK
|
+$9.76M |
| 2 |
Goldman Sachs
GS
|
+$7.65M |
| 3 |
NVR
NVR
|
+$5.81M |
| 4 |
BNY
Bank of New York Mellon
BNY
|
+$5.61M |
| 5 |
Illinois Tool Works
ITW
|
+$5.31M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CME Group
CME
|
+$26.2M |
| 2 |
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
|
+$17.9M |
| 3 |
DISCK
Discovery, Inc. Series C Common Stock
DISCK
|
+$13.5M |
| 4 |
Sensata Technologies
ST
|
+$4.02M |
| 5 |
NXP Semiconductors
NXPI
|
+$2.83M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 32.79% |
| 2 | Consumer Discretionary | 20.46% |
| 3 | Industrials | 11.21% |
| 4 | Communication Services | 9.63% |
| 5 | Consumer Staples | 8.13% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CarMax
KMX
$8.82B
| $432M | 6.53% |
4,913,070
| – | – |
|
2
Berkshire Hathaway Class A
BRK.A
$1.06T
| $342M | 5.16% |
1,096
| – | – |
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.06T
| $317M | 4.79% |
1,525,157
+2,170
| +0.1% | +$447K |
|
4
Brookfield
BN
$93.1B
| $307M | 4.64% |
16,205,796
+49,889
| +0.3% | +$903K |
|
5
Walt Disney
DIS
$186B
| $240M | 3.63% |
1,842,950
+19,950
| +1% | +$2.76M |
|
6
Diageo
DEO
$52.6B
| $221M | 3.33% |
1,349,800
| – | – |
|
7
Home Depot
HD
$335B
| $213M | 3.23% |
920,000
| – | – |
|
8
Marriott International
MAR
$92.9B
| $196M | 2.96% |
1,574,269
+15,000
| +1% | +$1.99M |
|
9
Deere & Co
DE
$175B
| $170M | 2.56% |
1,005,900
| – | – |
|
10
Amazon
AMZN
$2.79T
| $169M | 2.55% |
1,945,140
+51,000
| +3% | +$4.73M |
|
11
Visa
V
$693B
| $163M | 2.47% |
949,500
+11,200
| +1% | +$1.99M |
|
12
Alphabet (Google) Class C
GOOG
$4.18T
| $162M | 2.45% |
2,664,760
+84,300
| +3% | +$4.99M |
|
13
UnitedHealth
UNH
$350B
| $130M | 1.97% |
599,000
| – | – |
|
|
WBA
14
DELISTED
Walgreens Boots Alliance
WBA
| $119M | 1.8% |
2,150,500
+2,500
| +0.1% | +$134K |
|
15
RLI Corp
RLI
$6B
| $111M | 1.68% |
2,394,544
| – | – |
|
16
Blackrock
BLK
$179B
| $96.8M | 1.46% |
217,200
+4,400
| +2% | +$1.96M |
|
17
Analog Devices
ADI
$182B
| $94.3M | 1.42% |
843,811
+31,000
| +4% | +$3.51M |
|
18
Unilever
UL
$138B
| $91.8M | 1.39% |
1,357,867
| – | – |
|
19
Texas Instruments
TXN
$241B
| $90.9M | 1.37% |
703,500
+26,500
| +4% | +$3.26M |
|
20
Automatic Data Processing
ADP
$112B
| $85.7M | 1.29% |
530,700
| – | – |
|
21
Johnson & Johnson
JNJ
$651B
| $79M | 1.19% |
610,800
| – | – |
|
22
General Dynamics
GD
$104B
| $70.7M | 1.07% |
387,000
| – | – |
|
|
23
Goldman Sachs
GS
$303B
| $69.3M | 1.05% |
334,190
+36,590
| +12% | +$7.65M |
|
24
Apple
AAPL
$4.51T
| $66.6M | 1.01% |
1,188,740
+26,800
| +2% | +$1.4M |
|
25
Microsoft
MSFT
$3.59T
| $64.4M | 0.97% |
463,200
+16,800
| +4% | +$2.31M |
|
Similar funds
Tom Gayner's Q3 2019 Portfolio in Review
As of Q3 2019, Tom Gayner held 139 positions worth $6.62B, up 1.8% from $6.5B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Tom Gayner's Q3 2019 filing shows 2 new, 60 increased, 3 reduced and 7 closed positions. Its largest new stake was Kraft Heinz: 35,000 shares worth $978K. The largest sale was CME Group, an estimated $26.2M.
By sector, the portfolio is most concentrated in Financials at 33% of assets, down from 33% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Tom Gayner's largest Q3 2019 buy was Kraft Heinz: 35,000 shares worth $978K.
- Tom Gayner added most to Mohawk Industries in Q3 2019, an estimated $9.76M increase.
- Tom Gayner's biggest Q3 2019 reduction was Discovery, Inc. Series C Common Stock, cutting an estimated $13.5M.
- Tom Gayner fully exited CME Group in Q3 2019, selling an estimated $26.2M.
- Tom Gayner's ten largest holdings make up 39% of its $6.62B portfolio in Q3 2019.
- Tom Gayner opened 2 new positions and closed 7 in Q3 2019.
- Tom Gayner's portfolio value rose 1.8% quarter-over-quarter to $6.62B.
Based on Markel Group's 13F filing for Q3 2019, filed 1 Nov 2019.