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 |
Match Group
MTCH
|
+$377K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPLI
People Inc
PPLI
|
+$525K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 38.87% |
| 2 | Consumer Discretionary | 15.91% |
| 3 | Industrials | 11.69% |
| 4 | Communication Services | 10.67% |
| 5 | Technology | 9.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class A
BRK.A
$1.06T
| $356M | 6.05% |
1,114
| – | – |
|
|
2
Berkshire Hathaway Class B
BRK.B
$1.06T
| $326M | 5.53% |
1,531,687
| – | – |
|
3
Amazon
AMZN
$2.79T
| $310M | 5.26% |
1,968,840
| – | – |
|
4
Brookfield
BN
$93.1B
| $288M | 4.88% |
16,257,085
| – | – |
|
5
Home Depot
HD
$335B
| $255M | 4.33% |
920,000
| – | – |
|
6
Walt Disney
DIS
$186B
| $231M | 3.92% |
1,862,380
| – | – |
|
7
Alphabet (Google) Class C
GOOG
$4.18T
| $202M | 3.43% |
2,749,860
| – | – |
|
8
Visa
V
$693B
| $191M | 3.24% |
956,650
| – | – |
|
9
Diageo
DEO
$52.6B
| $186M | 3.15% |
1,349,800
| – | – |
|
10
Deere & Co
DE
$175B
| $168M | 2.84% |
755,800
| – | – |
|
11
Apple
AAPL
$4.51T
| $139M | 2.36% |
1,202,540
| – | – |
|
12
Blackrock
BLK
$179B
| $124M | 2.1% |
220,200
| – | – |
|
13
Analog Devices
ADI
$182B
| $103M | 1.75% |
885,811
| – | – |
|
14
Texas Instruments
TXN
$241B
| $103M | 1.75% |
724,000
| – | – |
|
15
Microsoft
MSFT
$3.59T
| $101M | 1.71% |
478,620
| – | – |
|
16
RLI Corp
RLI
$6B
| $100M | 1.7% |
2,394,544
| – | – |
|
17
Lowe's Companies
LOW
$121B
| $97.6M | 1.66% |
588,500
| – | – |
|
18
Watsco Inc
WSO
$12.9B
| $92.5M | 1.57% |
397,000
| – | – |
|
19
Johnson & Johnson
JNJ
$651B
| $90.9M | 1.54% |
610,800
| – | – |
|
|
NVO
20
Novo Nordisk
NVO
$207B
| $74.6M | 1.27% |
2,150,000
| – | – |
|
21
Mastercard
MA
$509B
| $70.1M | 1.19% |
207,370
| – | – |
|
|
MRSH
22
Marsh
MRSH
$91.6B
| $69.9M | 1.19% |
609,500
| – | – |
|
23
Goldman Sachs
GS
$303B
| $68.9M | 1.17% |
342,800
| – | – |
|
24
Archer Daniels Midland
ADM
$38.7B
| $68.7M | 1.17% |
1,478,300
| – | – |
|
25
Blackstone
BX
$108B
| $64.2M | 1.09% |
1,229,000
| – | – |
|
Similar funds
Tom Gayner's Q3 2020 Portfolio in Review
As of Q3 2020, Tom Gayner held 114 positions worth $5.9B, up 9.9% from $5.37B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Trading was light in Q3 2020: portfolio turnover was 1.8%. Tom Gayner opened 1 new position and exited 1, leaving the 114-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 39% of assets, down from 40% a quarter earlier, followed by Consumer Discretionary and Industrials.
- Tom Gayner's largest Q3 2020 buy was Match Group: 3,561 shares worth $394K.
- Tom Gayner fully exited People Inc in Q3 2020, selling an estimated $525K.
- Tom Gayner's ten largest holdings make up 43% of its $5.9B portfolio in Q3 2020.
- Tom Gayner opened 1 new position and closed 1 in Q3 2020.
- Tom Gayner's portfolio value rose 9.9% quarter-over-quarter to $5.9B.
Based on Markel Group's 13F filing for Q3 2020, filed 30 Oct 2020.