Tom Gayner

Tom Gayner

Last Update: 08-14-2015

Number of Stocks: 114
Number of New Stocks: 8

Total Value: $4,002 Mil
Q/Q Turnover: 2%

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

Answers from Tom Gayner's Interview with GuruFocus
Tom Gayner, a renowned valued investor, is president and chief investment officer of Markel Corp and president of Markel Gayner Asset Management, the investment subsidiary of Markel Corp., since 1990. He manages about $2 billion. Read more...
The Washington Post is not as cheap as you think.
The stock is officially one of the ten most hated stocks in the US. These stocks have more than 35% of analysts rating them “sell”. The opinion of analysts notwithstanding, Mason Hawkins, Tom Russo, Ruane Cunniff, Chris Davis, Tom Gayner , Charles de Vaulx and Warren Buffett own shares of the company. Read more...
Tom Gayner: Identifying Great Capital Allocators
Tom Gayner (Trades, Portfolio) gave a presentation at the Value Investor Conference. The topic of his presentation is “Finding Great Capital Allocators.” Below are my notes: Read more...
In Annual Meeting, Markel and Gayer Discuss: Brookfield Asset Management, Fannie Mae, Freddie Mac, Berkshire Hathaway, AIG, General Electric, and Diageo Markel Corp Annual Meeting Notes
Disclaimer: These notes were taken in real time at the Markel (NYSE:MKL) Annual Meeting in Omaha, Nebraska on Sunday May 2 nd, 2009 without the use of a recorder. The goal was to get the gist of the questions and as much of the answer as possible. Please excuse any mistakes or omissions. Read more...
GuruFocus Reader Q&A with Guru Investor Tom Gayner
This month, we are excited that investment guru Tom Gayner has agreed to take questions from GuruFocus readers. Tom is president and chief investment officer of Markel Corporation (NYSE:MKL). Markel Corp. is an international property and casualty insurance holding company with a $328 book value. Tom invests the company’s $2 billion float. Read more...
» More Tom Gayner Articles

Commentaries and Stories

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Coach's Opportunity for Growth
In this article, let's take a look at Coach Inc. (NYSE:COH), a $8.62 billion market cap company, that designs, makes and markets fine accessories for women and men, including handbags, weekend and travel accessories, outerwear, footwear and business cases. More...

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A Short Discussion on Executive Compensation Charlie Munger, Tom Gayner - A Short Discussion On Executive Compensation
“I think I’ve been in the top 5 percent of my age cohort almost all my adult life in understanding the power of incentives, and all my life I have always underestimated that power.” More...

Charlie Munger, Tom Gayner, Compensation, Markel


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The Evolution Of A Value Investor – Google Talks With Tom Gayner
Tom Gayner (Trades, Portfolio) has made a career out of following Warren Buffett (Trades, Portfolio). More...

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Tom Gayner: "The Evolution of a Value Investor" | Talks at Google Tom Gayner - Tom Gayner:
Tom Gayner (Trades, Portfolio) is the CIO of Markel Corp, where he manages the company's investment portfolio. He talks about his journey as an individual and value investor. A recent Wall Street Journal feature on Mr Gayner's investing style mentions: "He has an outstanding investing record. He works only for Markel and doesn’t take outside clients, but every investor can learn from him.You never would know any of this [extraordinary success] from listening to Mr. Gayner. After a good year, most portfolio managers beat their chests even harder than they beat the market; Mr. Gayner’s 2014 report merely said, “our overall equity portfolio earned 18.6%,” without even mentioning that the S&P 500 was up 13.7%.Instead of trying to mimic the inimitable brilliance of Mr. Buffett, maybe more investors should emulate the common sense and patience of Mr. Gayner." More...

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Tom Gayner Increases Position in Monsanto
Tom Gayner (Trades, Portfolio) 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 assets under management is about $2 billion. Tom Gayner (Trades, Portfolio) is a value investor. He has a 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. More...

LONG, Tom Gayner, Monsanto


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Tom Gayner Buys 4 New Stocks in First Quarter Tom Gayner - Tom Gayner Buys 4 New Stocks In First Quarter
Tom Gayner (Trades, Portfolio) manages the investing side of Markel Corp, a specialty insurance and financial holding company. A value investor, he looks at each stock as a piece of a business. More...

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Rating: 2.0/5 (1 vote)

Tom Gayner's Stocks trading at Low P/E Tom Gayner - Tom Gayner's Stocks Trading At Low P/E
Tom Gayner (Trades, Portfolio) 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 $4 billion, is composed of 107 stocks and the stocks that are trading with the lower P/E are Graham Holdings Co (GHC), Fairfax Financial Holdings Ltd (FRFHF), National Oilwell Varco Inc (NOV), Travelers Companies Inc More...

STOCKS, P/E RATIO


  • Currently 4.67/5

Rating: 4.7/5 (3 votes)

BlackRock: A Fair-Value Giant with Predictable Earnings Tom Gayner,Ken Fisher - BlackRock: A Fair-Value Giant With Predictable Earnings
It’s perhaps fitting that the company that claims to be the world’s biggest asset manager - $4.7 trillion worth of assets - also has a lofty share price, in the $350s. More...

FINANCIAL, ASSET MANAGEMENT, MUTUAL FUNDS, LONG


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Berkshire Hathaway: an 80 cent dollar? Charlie Munger,Tom Gayner - Berkshire Hathaway: An 80 Cent Dollar?
“It is better to be roughly right than precisely wrong.” More...

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Markel CIO Tom Gayner Buys Deere & Co, Unilever, Schlumberger, Sells Berkshire Hathaway, Teva, Brown & Brown Tom Gayner - Markel CIO Tom Gayner Buys Deere & Co, Unilever, Schlumberger, Sells Berkshire Hathaway, Teva, Brown & Brown
Markel CIO Tom Gayner (Trades, Portfolio) just reported his fourth quarter portfolio. Mr. Gayner said that he has the luxury of not selling stocks as Markel rarely needed money from its investment arm. But Tom Gayner (Trades, Portfolio) sold most of his Berkshire Class A position, which he has owned for years. More...

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A Look at Tom Gayner's New Buys Tom Gayner - A Look At Tom Gayner's New Buys
Tom Gayner (Trades, Portfolio) is the Executive Vice President and Chief Investment Officer Of Markel Corp and President of Markel Gayner Asset Management, Inc., the investment subsidiary of Markel Corp since December 1990. 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 has said. He has a 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. More...

TOM GAYNER


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Markel CIO Tom Gayner Buys Deere, Unilever, Marsh & McLennan, Sells Teva, International Game, Northern Trust Tom Gayner - Markel CIO Tom Gayner Buys Deere, Unilever, Marsh & McLennan, Sells Teva, International Game, Northern Trust
Markel CIO Tom Gayner (Trades, Portfolio) Buys Deere, Unilever, Marsh & McLennan, Sells Teva, International Game, Northern Trust More...

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Hasbro: I Insist on This Funny Stock
In this article, let´s see one of the most important financial ratios applying to stockholders, the best measure of performance for a firm's management: the Return on Equity (ROE), and we are going to analyze it in the case Hasbro Inc. (NASDAQ:HAS) More...

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Why Don’t You Have a Little Fun in your Portfolio?
In this article, let's take a look at Hasbro Inc. (NASDAQ:HAS), a $6.87 billion market cap company, which is a company with a broad portfolio of toys, games and entertainment offerings includes brands such as Transformers, Playskool, Monopoly and My Little Pony. More...

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Tom Gayner: Identifying Great Capital Allocators Tom Gayner - Tom Gayner: Identifying Great Capital Allocators
Tom Gayner (Trades, Portfolio) gave a presentation at the Value Investor Conference. The topic of his presentation is “Finding Great Capital Allocators.” Below are my notes: More...

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Analysis of Guru Companies - Tom Gayner, Markel Corp Tom Gayner - Analysis Of Guru Companies - Tom Gayner, Markel Corp
Of the guru companies discussed, Tom Gayner of Markel (MKL) is the last one of the series. Previously I have written about Warren Buffett (Trades, Portfolio)’s Berkshire Hathaway (BRK.A), Carl Icahn (Trades, Portfolio)’s Icahn Enterprises (IEP), Ian Cumming (Trades, Portfolio)’s Leucadia National (LUK), More...

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Markel (MKL): A Compounding Machine Tom Gayner - Markel (MKL): A Compounding Machine
“Our financial goals are to earn consistent underwriting profits and superior investment returns to build shareholder value.” – Markel 2013 Annual Report More...

MARKEL, TOM GAYNER


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Markel Corporation's 2013 Letter to Shareholders
2013 More...

THOMAS GAYNER


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Tom Gayner Top 3 Picks for the Quarter
Markel is an insurance company that is investing the premiums it collects in the stock market in the same vein as Berkshire Hathaway (BRK.A)(BRK.B). Tom Gayner (Trades, Portfolio) has been the head of the asset management division and the chief investment officer since 2004. He has a bottom up value investment approach and has been described as very conservative in his choices, focusing first of all on not losing capital. More...

COPART, UNILEVER, BLACKROCK


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5-Year Lows: Athlon Energy Inc., Arcos Dorados Holdings Inc., Brookfield Property Partners LP, Chamber Street Properties
According to GuruFocus list of five-year lows, these Guru stocks have reached their five-year lows: Athlon Energy Inc., Arcos Dorados Holdings Inc., Brookfield Property Partners LP and Chamber Street Properties. More...

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