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Tom Gayner13F | |
| Markel Gayner Asset Management Corp | |
| Last update 2024-11-01 | 132 Stocks (4 new) |
| Value $11.11 Bil | Turnover 1 % |
| Portfolio Report | |
Tom Gayner Profile
Thomas Gayner is Co-Chief Executive Officer of Markel Corporation. He oversees the investing activities for the company, as well as the Markel Ventures diverse industrial and service businesses. Gayner joined Markel in 1990 to form Markel Gayner Asset Management which provided equity investment counsel for Markel Corporation as well as outside clients.
Prior to joining Markel, Mr. Gayner served as vice president of Davenport & Co of Virginia and as a Certified Public Accountant with PriceWaterhouseCoopers LLP.
Gayner serves as the Chairman of the Board of the Davis Series Mutual Funds and on the boards of the Colfax Corporation, Graham Holdings, Cable One and Markel. He is a trustee of The Community Foundation of Richmond, Bon Secours Health System, and a member of the Investment Advisory Committee of the Virginia Retirement System. He is a graduate of the University of Virginia and The Lawrenceville School.
Prior to joining Markel, Mr. Gayner served as vice president of Davenport & Co of Virginia and as a Certified Public Accountant with PriceWaterhouseCoopers LLP.
Gayner serves as the Chairman of the Board of the Davis Series Mutual Funds and on the boards of the Colfax Corporation, Graham Holdings, Cable One and Markel. He is a trustee of The Community Foundation of Richmond, Bon Secours Health System, and a member of the Investment Advisory Committee of the Virginia Retirement System. He is a graduate of the University of Virginia and The Lawrenceville School.
Tom Gayner Investing Philosophy
Gayner outlined in Markel's 2019 Letter to Shareholders a four-part discipline:
First, Markel looks for businesses earning good rates of return that use only modest leverage to do so.
Second, the firm looks for management teams with equal measure of talent and integrity.
Third, Markel looks for businesses with opportunities to reinvest its capital and grow organically or by acquisition, and/or with capital discipline to repurchase shares or pay dividends.
And fourth, the firm looks to acquire these holdings at fair prices: The long term returns should be similar to the underlying growth in intrinsic value of the company itself.
First, Markel looks for businesses earning good rates of return that use only modest leverage to do so.
Second, the firm looks for management teams with equal measure of talent and integrity.
Third, Markel looks for businesses with opportunities to reinvest its capital and grow organically or by acquisition, and/or with capital discipline to repurchase shares or pay dividends.
And fourth, the firm looks to acquire these holdings at fair prices: The long term returns should be similar to the underlying growth in intrinsic value of the company itself.
Tom Gayner Top Holdings of 2024-09-30
View Full List
| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRK.A | Berkshire Hathaway Inc | 1,114 | 769974.520 | 0% | 6.930 | 0% | 0.080 | +8.24% | +28.95% | 1008055.087 | Insurance | |
BRK.B | Berkshire Hathaway Inc | 1,531,971 | 705104.970 | 0% | 6.350 | 0% | 0.070 | +8.41% | +30.82% | 1005063.987 | Insurance | |
BN | Brookfield Corp | 8,715,741 | 463241.640 | 0% | 4.170 | 0% | 0.580 | +31.72% | +45.54% | 87418.859 | Asset Management | |
GOOG | Alphabet Inc | 2,749,860 | 459749.090 | 0% | 4.140 | 0% | 0.020 | +11.82% | +30.23% | 2233226.439 | Interactive Media | |
AMZN | Amazon.com Inc | 2,030,760 | 378391.520 | 0% | 3.410 | 0% | 0.020 | +25.04% | +37.27% | 2197111.550 | Retail - Cyclical | |
HD | The Home Depot Inc | 920,000 | 372784.000 | 0% | 3.360 | 0% | 0.090 | +17.46% | +18.73% | 400376.695 | Retail - Cyclical | |
DE | Deere & Co | 869,100 | 362701.500 | +2.81% | 3.260 | +0.09% | 0.320 | +14.56% | -0.40% | 107729.927 | Farm & Heavy Construction Machinery | |
WSO | Watsco Inc | 582,500 | 286520.100 | +1.97% | 2.580 | +0.05% | 1.440 | +14.35% | +26.92% | 21439.288 | Industrial Distribution | |
AAPL | Apple Inc | 1,227,290 | 285958.570 | 0% | 2.570 | 0% | 0.010 | +3.37% | +17.23% | 3389420.990 | Hardware | |
V | Visa Inc | 999,285 | 274753.410 | 0% | 2.470 | 0% | 0.050 | +19.27% | +19.74% | 601631.434 | Credit Services |
Tom Gayner's Historical Top Holdings Breakdowns
Tom Gayner's Top Stock Picks
View Full List
| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
WHR | Whirlpool Corp | 2024-09-30 | Reduce | -0.12% | 90.25 ($100.51) 112.34 | $110.49 | 9.93% | Reduce -44.12% | 157,619 | -124,430 | |
FNV | Franco-Nevada Corp | 2024-09-30 | Add | +0.11% | 116.95 ($123.85) 131.12 | $114.97 | -7.17% | Add 41.02% | 345,500 | 100,500 | |
DE | Deere & Co | 2024-09-30 | Add | +0.09% | 344.84 ($377.03) 418 | $393.75 | 4.43% | Add 2.81% | 869,100 | 23,750 | |
YUM | Yum Brands Inc | 2024-09-30 | Add | +0.09% | 125.95 ($132.93) 139.92 | $134.61 | 1.26% | Add 80.92% | 156,502 | 70,000 | |
LPLA | LPL Financial Holdings Inc | 2024-09-30 | Add | +0.08% | 193 ($225.33) 282.1 | $317.24 | 40.79% | Add 8.01% | 520,404 | 38,613 | |
EA | Electronic Arts Inc | 2024-09-30 | Sold Out | -0.07% | 137.32 ($145) 151.82 | $162.87 | 12.32% | Sold Out | 0 | -49,800 | |
EFX | Equifax Inc | 2024-09-30 | Reduce | -0.06% | 236.42 ($282.04) 307.13 | $267.77 | -5.06% | Reduce -25.55% | 72,850 | -25,000 | |
HCA | HCA Healthcare Inc | 2024-09-30 | Add | +0.06% | 315.12 ($366.12) 406.43 | $350.53 | -4.26% | Add 45.08% | 50,930 | 15,825 | |
LIN | Linde PLC | 2024-09-30 | Add | +0.05% | 428.94 ($456.28) 481.68 | $455.59 | -0.15% | Add 8.01% | 155,000 | 11,500 | |
WSO | Watsco Inc | 2024-09-30 | Add | +0.05% | 448.66 ($480.65) 519.89 | $533.36 | 10.97% | Add 1.97% | 582,500 | 11,250 |
Tom Gayner Total Holding History ($B)
Tom Gayner's Asset Allocation
Tom Gayner Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
Top Ranked Articles
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Tom Gayner's Hypothetical Growth since 2024-09-30
Tom Gayner's Yearly Returns
| Year | Portfolio % | % | Excess Gain % |
|---|
Tom Gayner's Holdings Heat Map
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Tom Gayner's Holdings Bubble Chart
Tom Gayner News
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