Tom Gayner

Tom Gayner

Last Update: 11-04-2016

Number of Stocks: 129
Number of New Stocks: 4

Total Value: $3,879 Mil
Q/Q Turnover: 3%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Tom Gayner' s Profile & Performance

Profile

Tom Gayner is the Executive Vice President and Chief Investment Officer Of Markel Corp and President, Markel Gayner Asset Management, Inc., the investment subsidiary Of Markel Corp since December of 1990. The asset under management is about $2 billion.

Investing Philosophy

As the CIO of Markel Corp, Tom Gayner is certainly a value investor. He thinks stock is part of a business and the business is worth what the present value of the future cash flows are. "We operate with a Margin of Safety in the investment portfolio." He said. He has also relatively concentrated portfolio. He believes that he can earn the best returns by concentrating his focus and portfolio in promising areas where he has the best understanding and knowledge.

Total Holding History

Performance of Markel Corp. Equity Portfolio

YearReturn (%)S&P500 (%)Excess Gain (%)
20113.82.111.7
201020.815.065.7
200925.726.46-0.8
3-Year Cumulative57.6 (16.4%/year)48.6 (14.1%/year)9 (2.3%/year)
2008-34-373.0
2007-0.45.49-5.9
5-Year Cumulative3.6 (0.7%/year)-1.3 (-0.3%/year)4.9 (1%/year)
200625.915.7910.1
2005-0.34.91-5.2
200415.210.884.3
20033128.682.3
2002-8.8-22.113.3
10-Year Cumulative79 (6%/year)33.3 (2.9%/year)45.7 (3.1%/year)
200116.9-11.8928.8
200026.4-9.135.5
1999-10.321.04-31.3
199813.328.58-15.3
199731.433.36-2.0
15-Year Cumulative253.2 (8.8%/year)121.6 (5.4%/year)131.6 (3.4%/year)
199626.922.963.9

Top Ranked Articles

2015 Results and Review of Largest Holdings A look back at 2015, as well as a review of my largest equity positions
This is the fourth year-end portfolio review I’ve written on GuruFocus. I’ll stick with the same disclaimers I’ve used in the past: first, I have no idea how these stocks will do over the next 30, 90, 180 or 365 days; and second, I hope they go lower so I can buy more at attractive prices (I plan on being a net buyer of stocks for a long time). With that, let’s get started. Read more...
Tom Gayner Discusses His Evolution as an Investor Markel has often outperformed similar firm Berkshire Hathaway
Tom Gayner (Trades, Portfolio) is co-CEO at Markel Corporation, a holding company for insurance, reinsurance, and investment operations around the world. The company has often been compared to Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) in the way it operates. Markel is an insurance company that uses a value investing philosophy and invests its float in other businesses. You can see in the graph below how Markel has outperformed Berkshire over the last five years. Read more...
Tom Gayner Sells Stakes in GE, Walmart, Anheuser-Busch Guru also parts with stakes in McDonald's and Intel
The most eye-catching fourth-quarter activity from Tom Gayner (Trades, Portfolio), president of Markel Gayner Asset Management, involved the sales of stakes in his portfolio, but the guru made some intriguing purchases as well. Read more...
Tom Gayner Boosts Facebook, Amazon, Apple Guru adds to 9 positions in 2 quarters
Tom Gayner (Trades, Portfolio), executive vice president and chief investment officer of Markel Corp. and president of Markel Gayner Asset Management Inc., the investment subsidiary of Markel Corp., bought shares in the following stocks in the first and second quarters of 2016: Read more...
Tom Gayner's Top 5 2nd Quarter Stock Buys Markel Corp manager purchases 13 holdings in total
Tom Gayner (Trades, Portfolio) serves as co-CEO of Markel Corp. (NYSE:MKL), an insurance, reinsurance and investment holding company. On Thursday, he released his second-quarter portfolio, which lists 13 new stocks. Read more...
» More Tom Gayner Articles

Commentaries and Stories

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Markel’s Tom Gayner Buys 4 Stocks During Quarter Investor more cautious than in first half Tom Gayner - Markel’s Tom Gayner Buys 4 Stocks During Quarter
Tom Gayner (Trades, Portfolio), the well-known co-CEO of boutique insurer Markel Corp. (NYSE:MKL), bought four stocks in the third quarter, according to his portfolio released this week. More...

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Tom Gayner Acquires Google, Facebook, Amazon The guru's largest buys of the 3rd quarter Tom Gayner,Dodge & Cox,PRIMECAP Management,Chris D - Tom Gayner Acquires Google, Facebook, Amazon
Tom Gayner (Trades, Portfolio) is the executive vice president and chief investment officer of Markel Corp. (NYSE:MKL) and president of Markel Gayner Asset Management Inc. During the third quarter the guru’s largest buys were the following: More...

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Tom Gayner Boosts Facebook, Amazon, Apple Guru adds to 9 positions in 2 quarters Tom Gayner - Tom Gayner Boosts Facebook, Amazon, Apple
Tom Gayner (Trades, Portfolio), executive vice president and chief investment officer of Markel Corp. and president of Markel Gayner Asset Management Inc., the investment subsidiary of Markel Corp., bought shares in the following stocks in the first and second quarters of 2016: More...

BUYS, GAYNER, QUARTER


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Tom Gayner Buys Microsoft, Amazon The guru's largest buys in the 2nd quarter Tom Gayner,Wallace Weitz,Jeremy Grantham,RS Invest - Tom Gayner Buys Microsoft, Amazon
Tom Gayner (Trades, Portfolio), executive vice president and chief investment officer of Markel Corp. (NYSE:MKL) and president of Markel Gayner Asset Management Inc., Markel's investment subsidiary since December 1990, bought shares in the following stocks in the second quarter. More...

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Tom Gayner's Top 5 2nd Quarter Stock Buys Markel Corp manager purchases 13 holdings in total Tom Gayner - Tom Gayner's Top 5 2nd Quarter Stock Buys
Tom Gayner (Trades, Portfolio) serves as co-CEO of Markel Corp. (NYSE:MKL), an insurance, reinsurance and investment holding company. On Thursday, he released his second-quarter portfolio, which lists 13 new stocks. More...

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Alphabet (aka Google): A Case Study in Spotting Value Creation The business characteristics to look for and how that applies to Alphabet Tom Gayner - Alphabet (aka Google): A Case Study In Spotting Value Creation
On June 22, 2015, Tom Gayner (Trades, Portfolio), co-chief executive officer of specialty insurance underwriter Markel Corporation (NYSE:MKL), gave a presentation titled "The Evolution of a Value Investor" during the lunch hour to the employees of Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), parent company of Google, the world’s largest Internet company. More...

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Stocks Tom Gayner Has Been Buying in the Last 2 Quarters Apple, Cummins, Mastercard are on his list Tom Gayner,Ken Fisher,Spiros Segalas,Warren Buffet - Stocks Tom Gayner Has Been Buying In The Last 2 Quarters
Tom Gayner (Trades, Portfolio) is the executive vice president and chief investment officer of Markel Corp. (NYSE:MKL) and President, Markel Gayner Asset Management Inc., the investment subsidiary of Markel since December 1990. He manages a portfolio composed of 75 stocks, several of which have been bought for the last two quarters. More...

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Gayner Sells Stakes in Courier Companies in 1st Quarter Guru also trades in Coach, Alphabet, Amazon, Microsoft, Texas Instruments Tom Gayner - Gayner Sells Stakes In Courier Companies In 1st Quarter
Tom Gayner (Trades, Portfolio) sold out nine existing stakes in his portfolio in the first quarter. His two most noteworthy divestments involved courier companies. More...

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Tom Gayner Sells Out of Coach A decrease in international revenue and multiple warning signs may have influenced guru Tom Gayner,David Rolfe - Tom Gayner Sells Out Of Coach
Guru Tom Gayner (Trades, Portfolio), CEO of Markel (NYSE:MKL), sold his 54,000-share stake in Coach Inc. (NYSE:COH) in the first quarter. More...

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Undervalued Stocks Gurus Are Buying Deere & Co. looks cheaply valued according to PS ratio Warren Buffett, Tom Gayner - Undervalued Stocks Gurus Are Buying
According to GuruFocus' All-in-One Screener, the following are companies with a market cap above $5 billion that are trading with a very low P/S ratio. More...

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Bearish Sentiment in Becton Dickinson's Stock Future growth is unchanged, but the company is still facing headwinds Joel Greenblatt,Tom Gayner,T Rowe Price Equity Inc - Bearish Sentiment In Becton Dickinson's Stock
Becton Dickinson & Co. (NYSE:BDX) is a $33.87 billion market cap company that provides a broad range of medical devices and diagnostic products used in hospitals, doctors' offices, research labs and other settings. More...

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Looking at the Office Furnishings Industry Thinking about Tom Gayner's concept of value creation Tom Gayner,Warren Buffett - Looking At The Office Furnishings Industry
In a previous article, I posted a lecture on value investing given by Tom Gayner (Trades, Portfolio), co-CEO of Markel Corporation (NYSE:MKL). Markel is often compared to Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) because it is an insurance company that uses its float to invest in other businesses. A key insight was Gayner’s emphasis on differentiating between spotting value and focusing on creators of value. More...

KIMBALL, KNOLL, HERMAN MILLER, HNI CORP, STEELCASE


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CME Group Among Guru Stocks With Growing Yield Investment ideas with high dividend yields Tom Gayner, Mario Gabelli, Warren Buffett, Lee Ain - CME Group Among Guru Stocks With Growing Yield
The following are companies with high and growing dividend yields that gurus are buying according to GuruFocus' All-in-One Screener. More...

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Walt Disney, Union Pacific: Undervalued With Predictable Business Popular guru stocks with stable business results Tom Gayner, David Rolfe, David Tepper, Mario Gabel - Walt Disney, Union Pacific: Undervalued With Predictable Business
According to GuruFocus’ All-in-One Screener, the following stocks have a high business predictability rating, and at least five gurus are shareholders in the companies. More...

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Tom Gayner Sells Stakes in GE, Walmart, Anheuser-Busch Guru also parts with stakes in McDonald's and Intel Tom Gayner - Tom Gayner Sells Stakes In GE, Walmart, Anheuser-Busch
The most eye-catching fourth-quarter activity from Tom Gayner (Trades, Portfolio), president of Markel Gayner Asset Management, involved the sales of stakes in his portfolio, but the guru made some intriguing purchases as well. More...

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Investors Can Follow Tom Gayner in Harley Davidson At current valuations, the company is worth a look Tom Gayner - Investors Can Follow Tom Gayner In Harley Davidson
In the fourth quarter, guru Tom Gayner added to his stake in Harley Davidson Inc. (NYSE:HOG) at an average price of $49.13. The 36% add took the holding to a total of 292,000 shares and represents a 0.09% impact on the portfolio. More...

LONG, VALUE IDEA


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Tom Gayner Discusses His Evolution as an Investor Markel has often outperformed similar firm Berkshire Hathaway Tom Gayner - Tom Gayner Discusses His Evolution As An Investor
Tom Gayner (Trades, Portfolio) is co-CEO at Markel Corporation, a holding company for insurance, reinsurance, and investment operations around the world. The company has often been compared to Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) in the way it operates. Markel is an insurance company that uses a value investing philosophy and invests its float in other businesses. You can see in the graph below how Markel has outperformed Berkshire over the last five years. More...

MARKEL


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FedEx Reports Solid Results, but Price Plummets Gurus with new positions experience losses in 3rd quarter Tom Gayner,Ray Dalio,Joel Greenblatt,Mario Gabelli - FedEx Reports Solid Results, But Price Plummets
Several hedge fund managers initiated new positions in FedEx Corporation (NYSE:FDX), the leader in global express delivery services, in the third quarter and lost ground thanks to a price decline. More...

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2015 Results and Review of Largest Holdings A look back at 2015, as well as a review of my largest equity positions Tom Gayner - 2015 Results And Review Of Largest Holdings
This is the fourth year-end portfolio review I’ve written on GuruFocus. I’ll stick with the same disclaimers I’ve used in the past: first, I have no idea how these stocks will do over the next 30, 90, 180 or 365 days; and second, I hope they go lower so I can buy more at attractive prices (I plan on being a net buyer of stocks for a long time). With that, let’s get started. More...

BRK.B, MSFT, PEP, IBM, WMT, YELP, MKL, WTW


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Value in a Qualitative Sense: A Presentation by Steve Markel, Tom Gayner The managers discuss their investing philosophy values Tom Gayner - Value In A Qualitative Sense: A Presentation By Steve Markel, Tom Gayner
A long-term horizon isn't for everyone. But for Steve Markel and Tom Gayner, it is important. More...

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