Tom Gayner

Tom Gayner

Last Update: 2014-08-08

Number of Stocks: 105
Number of New Stocks: 8

Total Value: $3,507 Mil
Q/Q Turnover: 5%

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 (%)
20113.82.081.7
201020.815.065.7
200925.726.46-0.8
3-Year Cumulative57.6 (16.4%/year)48.5 (14.1%/year)9.1 (2.3%/year)
2008-34-373.0
2007-0.45.61-6.0
5-Year Cumulative3.6 (0.7%/year)-1.2 (-0.2%/year)4.8 (0.9%/year)
200625.915.7910.1
2005-0.34.91-5.2
200415.2123.2
20033128.72.3
2002-8.8-22.113.3
10-Year Cumulative79 (6%/year)34.8 (3%/year)44.2 (3%/year)
200116.9-11.928.8
200026.4-9.135.5
1999-10.321-31.3
199813.328.6-15.3
199731.433.4-2.0
15-Year Cumulative253.2 (8.8%/year)124.1 (5.5%/year)129.1 (3.3%/year)
199626.9233.9

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 (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 (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

  • Currently 4.95/5

Rating: 4.9/5 (19 votes)

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...

  • Currently 4.00/5

Rating: 4.0/5 (5 votes)

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...

  • Currently 4.57/5

Rating: 4.6/5 (28 votes)

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


  • Currently 3.00/5

Rating: 3.0/5 (2 votes)

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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Rating: 5.0/5 (2 votes)

Tom Gayner Buys BlackRock, Mosaic, Potash Corporation of Saskatchewan, Sells CarMax, Leucadia Tom Gayner - Tom Gayner Buys BlackRock, Mosaic, Potash Corporation Of Saskatchewan, Sells CarMax, Leucadia
Renowned value investor Tom Gayner just reported his second quarter portfolio. Mr. Gayner is the CIO of insurer Markel Corp (MKL), manages the company’s investment portfolio. To understand more how Tom Gayner invests, please read Tom Gayner's Interview with GuruFocus . More...

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Rating: 4.0/5 (4 votes)

Tom Gayner Reports 5 Stock Buys in Quarter 3 Tom Gayner - Tom Gayner Reports 5 Stock Buys In Quarter 3
Tom Gayner, president and CIO of insurer Markel Corp, reported adding five stocks to his portfolio in the third quarter: Mosaic Co. (MOS), Apollo Global Management LLC (APO), Potash Corporation of Saskatchewan Inc. (POT), Apollo Group Inc. (APOL) and Copart Inc. (CPRT). More...

  • Currently 3.14/5

Rating: 3.1/5 (7 votes)

Tom Gayner’s 5 Biggest New Buys
Tom Gayner, who manages the float of insurance company Markel Corp. (MKL), discussed the key to beating the market over the past 20 years in the company’s 2012 shareholder letter: “We’ve simply looked at individual companies, one at a time, and asked ourselves a few questions. By considering four basic types of questions about individual companies and securities we try to develop enough confidence to make a decision.” The four questions are: More...

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Rating: 2.3/5 (4 votes)

Markel’s Tom Gayner Buys UnitedHealth, Synalloy, Liberty Media, Sells EOG, Sysco
Renowned value investor Tom Gayner just reported his second quarter portfolio. Mr. Gayner is the CIO of insurer Markel Corp (MKL), manages the company’s investment portfolio. To understand more how Tom Gayner invests, please read Tom Gayner's Interview with GuruFocus. More...

  • Currently 4.23/5

Rating: 4.2/5 (13 votes)

Three Categories of Risk to Keep in Mind When Investing
Warren Buffett said there are just two rules of investing: More...

INVESTMENT PROCESS, INVESTMENT PHILOSOPHY


  • Currently 3.57/5

Rating: 3.6/5 (7 votes)

Markel (MKL) Is a Compounding Machine
A couple weeks back I wrote a quick post on Tom Gayner, who is an outstanding investor and head of Markel (MKL), one of my favorite companies in America. Markel is a well run insurance company that has been compounding shareholder equity consistently at about 16% per year over the past 20 years. MKL operates with a similar business model to that of Berkshire Hathaway (BRK.A)(BRK.B) More...

TOM GAYNER, WARREN BUFFETT, INSURANCE


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Notes from the Markel Breakfast Meeting Held During the Berkshire Hathaway AGM
Every year value investing favorite Markel (MKL) holds a meeting of its own on the Sunday of the Berkshire Hathaway AGM. More...

  • Currently 4.00/5

Rating: 4.0/5 (6 votes)

Markel CIO Tom Gayner Buys Buys UnitedHealth, Liberty Media, Google, Moody's, MasterCard
Markel Corp (MKL) CIO Tom Gayner just reported first quarter portfolio. Usually he has a low turnover with his portfolio. But over the last quarter he bought a lot of new stocks in health care and technology. He buys UnitedHealth Group, Liberty Media, Google., WellPoint, etc, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. More...

  • Currently 4.43/5

Rating: 4.4/5 (7 votes)

Markel Manager Tom Gayner Interview with GuruFocus in Omaha
GuruFocus interviewed Tom Gayner on Friday in Omaha. A former accountant, Gayner has been delivering market-beating returns managing $2 billion in float as the CIO of insurance company Markel Corp. (MKL), which he joined in 1990. More...

  • Currently 3.00/5

Rating: 3.0/5 (10 votes)

Tom Gayner's 4 Main Investment Principles
I've been doing some research this week on insurance as there are a number of stocks in this industry on my watch list. Yesterday I went through the Value Line list of life insurers, many of which are selling well below book value. I'll be taking a look at a few of these in more detail soon. More...

INVESTMENT PHILOSOPHY


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Rating: 4.1/5 (11 votes)

Ask a Guru: Tom Russo, Tom Gayner and David Rolfe
GuruFocus will be attending the 10th Annual Value Investor Conference in Omaha on Thursday and Friday, May 2 and 3, and talking to some of your favorite investors – Tom Russo, Tom Gayner and David Rolfe. We will also ask them some reader questions. If you have anything about investing you would like to ask them, submit them in the comments section below. We’ll pose the questions at the conference and post the answers on the site. More...

  • Currently 4.25/5

Rating: 4.3/5 (8 votes)

Tom Gayner, Markel Corp Comment on Investing Process and 20% Equity Return
This is the excerpt of the investment section of the 2012 Annual Report of Markel Corp. (MKL), where Tom Gayner is chief investment officer. The complete report is available here. More...

  • Currently 2.00/5

Rating: 2.0/5 (4 votes)

Tom Gayner – Slow to Sell, but Selling UBSH
Tom Gayner, president and chief investment officer at Markel Corp. (MKL) and president of its subsidiary Markel Corp, continues to shed Union First Market Bankshares (UBSH) in his third reduction this month, according to GuruFocus Real Time Picks. On Feb. 15, the typical long-term holder Gayner reduced another 1.69% of Union First Market Bankshares Corp (UBSH) at the average price of $17.76 that day, as reported in the latest insider filings. More...

TOM GAYNER, MARKEL CORP, INSURANCE INVESTMENTS


  • Currently 4.29/5

Rating: 4.3/5 (7 votes)

Markel’s Tom Gayner Buys Alliance Holdings, Moody's, Norfolk Southern, Sells Sysco, Vodafone
As the CIO of Markel Corp, Tom Gayner has the luxury that most money managers don’t have: he never has to face redemption pressure. He certainly takes this advantage to almost its extreme, as he rarely sells stocks. With this buy and hold strategy, he has built great track record at Markel. To understand more about Mr. Gayner, read his interview with GuruFocus. More...

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