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Tom Gayner13F | |
| Markel Gayner Asset Management Corp | |
| Last update 2024-05-03 | 133 Stocks (5 new) |
| Value $10.14 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's Portfolio
Tom Gayner Current Holdings
| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
APD | Air Products & Chemicals Inc | 15,000 | 3634.05 | New Holding | 0.04 | +0.04% | 0.01 | +16.65% | -3.35% | 58399.762 | Chemicals | |
HSY | The Hershey Co | 9,500 | 1847.75 | New Holding | 0.02 | +0.02% | 0 | +9.03% | +12.60% | 41869.534 | Consumer Packaged Goods | |
NSP | Insperity Inc | 16,876 | 1849.78 | New Holding | 0.02 | +0.02% | 0.04 | +8.74% | -10.57% | 3924.075 | Business Services | |
MAR | Marriott International Inc | 9,000 | 2270.79 | New Holding | 0.02 | +0.02% | 0 | -1.40% | +5.64% | 67901.003 | Travel & Leisure | |
YUM | Yum Brands Inc | 16,152 | 2239.48 | New Holding | 0.02 | +0.02% | 0.01 | +5.81% | +8.96% | 39896.019 | Restaurants | |
FIX | Comfort Systems USA Inc | 13,000 | 4130.23 | +1,200.00% | 0.04 | +0.04% | 0.04 | +27.47% | +54.01% | 11296.339 | Construction | |
GPK | Graphic Packaging Holding Co | 240,824 | 7027.24 | +98.04% | 0.07 | +0.03% | 0.08 | +14.43% | +14.52% | 8644.177 | Packaging & Containers | |
URI | United Rentals Inc | 15,500 | 11177.21 | +72.22% | 0.11 | +0.05% | 0.02 | +5.71% | +20.18% | 45666.705 | Business Services | |
HCA | HCA Healthcare Inc | 21,432 | 7148.22 | +51.56% | 0.07 | +0.02% | 0.01 | +4.85% | +19.52% | 84561.586 | Healthcare Providers & Services | |
FERG | Ferguson PLC | 57,500 | 12559.73 | +49.35% | 0.12 | +0.04% | 0.03 | +6.29% | +9.55% | 42582.845 | Industrial Distribution | |
UNH | UnitedHealth Group Inc | 16,100 | 7964.67 | +46.36% | 0.08 | +0.03% | 0 | +0.99% | +0.04% | 482861.622 | Healthcare Plans | |
CHH | Choice Hotels International Inc | 84,500 | 10676.58 | +37.40% | 0.11 | +0.03% | 0.17 | +1.09% | +4.74% | 5702.398 | Travel & Leisure | |
UBER | Uber Technologies Inc | 58,000 | 4465.42 | +28.89% | 0.04 | +0.01% | 0 | -16.25% | +6.66% | 137218.805 | Software | |
TMO | Thermo Fisher Scientific Inc | 24,700 | 14355.89 | +26.02% | 0.14 | +0.03% | 0.01 | +8.73% | +12.23% | 227235.727 | Medical Diagnostics & Research | |
LAMR | Lamar Advertising Co | 77,000 | 9194.57 | +24.19% | 0.09 | +0.02% | 0.08 | +13.06% | +14.09% | 12259.682 | REITs | |
RNR | RenaissanceRe Holdings Ltd | 70,000 | 16452.1 | +15.70% | 0.16 | +0.02% | 0.13 | +1.34% | +17.25% | 12132.038 | Insurance | |
OI | O-I Glass Inc | 539,100 | 8943.67 | +14.92% | 0.09 | +0.01% | 0.35 | -17.45% | -18.86% | 2069.542 | Packaging & Containers | |
KMX | CarMax Inc | 123,500 | 10758.09 | +11.76% | 0.11 | +0.01% | 0.08 | +1.31% | -5.11% | 11456.559 | Vehicles & Parts | |
TSN | Tyson Foods Inc | 777,500 | 45662.58 | +11.47% | 0.45 | +0.05% | 0.22 | +14.46% | +13.12% | 21450.499 | Consumer Packaged Goods | |
IQV | IQVIA Holdings Inc | 55,726 | 14092.55 | +10.07% | 0.14 | +0.01% | 0.03 | -3.11% | -0.09% | 42120.996 | Medical Diagnostics & Research |
Total 134
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