Markel CIO Tom Gayner Buys Deere, Unilever, Marsh & McLennan, Sells Teva, International Game, Northern Trust

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Nov 12, 2014
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Markel CIO Tom Gayner (Trades, Portfolio) Buys Deere, Unilever, Marsh & McLennan, Sells Teva, International Game, Northern Trust

Markel Corp (MKL, Financial) CIO Tom Gayner (Trades, Portfolio) just reported his third quarter portfolio. Tom Gayner (Trades, Portfolio) likes high quality companies at reasonable valuations. Once he buys, he rarely sells. This is his portfolio update for the third quarter of 2014.

Tom Gayner (Trades, Portfolio) buys Deere & Co, Unilever PLC, Marsh & McLennan Companies Inc, Chubb Corp, BlackRock Inc, Travelers Companies Inc, Rent-A-Center Inc, Monsanto Co, Oaktree Capital Group LLC, Sigma-Aldrich Corp, McGraw Hill Financial Inc, CME Group Inc, Aaron's Inc, MSCI Inc, Apollo Global Management LLC, Ritchie Bros Auctioneers Inc, Nicholas Financial Inc, sells Teva Pharmaceutical Industries Ltd, International Game Technology, Northern Trust Corp, Safety First Trust Series 2009-2, Heritage-Crystal Clean Inc, Universal Technical Institute Inc during the 3-months ended 09/30/2014, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 09/30/2014, Markel Gayner Asset Management Corp owns 104 stocks with a total value of $3.5 billion. These are the details of the buys and sells.

For the details of Tom Gayner (Trades, Portfolio)'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner

This is the sector weightings of his portfolio:

Financial Services 27.2%
Consumer Cyclical 19.6%
Consumer Defensive 17.4%
Industrials 14.2%
Healthcare 6.8%
Real Estate 5.9%
Energy 4.3%
Technology 3.7%
Basic Materials 1%
Communication Services 0.1%


These are the top 5 holdings of Tom Gayner (Trades, Portfolio)

1. CarMax Inc (KMX) - 4,963,070 shares, 6.5% of the total portfolio.

2. Berkshire Hathaway Inc (BRK.A) - 1,078 shares, 6.3% of the total portfolio.

3. Berkshire Hathaway Inc (BRK.B) - 1,511,607 shares, 5.9% of the total portfolio.

4. Brookfield Asset Management Inc (BAM) - 3,286,548 shares, 4.2% of the total portfolio. Shares added by 0.67%

5. Diageo PLC (DEO) - 1,230,000 shares, 4.0% of the total portfolio. Shares added by 1.15%

New Purchase: Oaktree Capital Group LLC (OAK)

Tom Gayner (Trades, Portfolio) initiated holdings in Oaktree Capital Group LLC. His purchase prices were between $48.24 and $51.8, with an estimated average price of $50.12. The impact to his portfolio due to this purchase was 0.05%. His holdings were 35,000 shares as of 09/30/2014.

Sold Out: Northern Trust Corp (NTRS)

Tom Gayner (Trades, Portfolio) sold out his holdings in Northern Trust Corp. His sale prices were between $64.02 and $70.33, with an estimated average price of $67.29.

Sold Out: Anheuser-Busch Inbev SA (ABI)

Tom Gayner (Trades, Portfolio) sold out his holdings in Anheuser-Busch Inbev SA. His sale prices were between $79.26 and $89.15, with an estimated average price of $84.27.

Sold Out: Heritage-Crystal Clean Inc (HCCI)

Tom Gayner (Trades, Portfolio) sold out his holdings in Heritage-Crystal Clean Inc. His sale prices were between $14.53 and $19.12, with an estimated average price of $16.52.

Sold Out: Universal Technical Institute Inc (UTI)

Tom Gayner (Trades, Portfolio) sold out his holdings in Universal Technical Institute Inc. His sale prices were between $9.35 and $12.82, with an estimated average price of $11.3.

Added: Deere & Co (DE, Financial)

Tom Gayner (Trades, Portfolio) added to his holdings in Deere & Co by 184.21%. His purchase prices were between $81.95 and $91.38, with an estimated average price of $85.48. The impact to his portfolio due to this purchase was 0.78%. His holdings were 540,000 shares as of 09/30/2014.

Added: Unilever PLC (UL, Financial)

Tom Gayner (Trades, Portfolio) added to his holdings in Unilever PLC by 31.25%. His purchase prices were between $41.71 and $45.85, with an estimated average price of $43.9. The impact to his portfolio due to this purchase was 0.33%. His holdings were 1,197,000 shares as of 09/30/2014.

Added: Marsh & McLennan Companies Inc (MMC, Financial)

Tom Gayner (Trades, Portfolio) added to his holdings in Marsh & McLennan Companies Inc by 63.83%. His purchase prices were between $50.35 and $53.5, with an estimated average price of $52.17. The impact to his portfolio due to this purchase was 0.13%. His holdings were 231,000 shares as of 09/30/2014.

Added: BlackRock Inc (BLK, Financial)

Tom Gayner (Trades, Portfolio) added to his holdings in BlackRock Inc by 15.73%. His purchase prices were between $301.1 and $336.47, with an estimated average price of $321.72. The impact to his portfolio due to this purchase was 0.13%. His holdings were 103,000 shares as of 09/30/2014.

Added: Chubb Corp (CB, Financial)

Tom Gayner (Trades, Portfolio) added to his holdings in Chubb Corp by 30.23%. His purchase prices were between $86.82 and $94.04, with an estimated average price of $91.07. The impact to his portfolio due to this purchase was 0.13%. His holdings were 224,000 shares as of 09/30/2014.

Added: Travelers Companies Inc (TRV, Financial)

Tom Gayner (Trades, Portfolio) added to his holdings in Travelers Companies Inc by 25.88%. His purchase prices were between $89.12 and $95.95, with an estimated average price of $93.24. The impact to his portfolio due to this purchase was 0.12%. His holdings were 214,000 shares as of 09/30/2014.

Added: Rent-A-Center Inc (RCII, Financial)

Tom Gayner (Trades, Portfolio) added to his holdings in Rent-A-Center Inc by 58.18%. His purchase prices were between $23.86 and $30.99, with an estimated average price of $26.81. The impact to his portfolio due to this purchase was 0.06%. His holdings were 174,000 shares as of 09/30/2014.

Added: Monsanto Co (MON, Financial)

Tom Gayner (Trades, Portfolio) added to his holdings in Monsanto Co by 57.58%. His purchase prices were between $112.93 and $126.53, with an estimated average price of $116.83. The impact to his portfolio due to this purchase was 0.06%. His holdings were 52,000 shares as of 09/30/2014.

Added: Aaron's Inc (AAN, Financial)

Tom Gayner (Trades, Portfolio) added to his holdings in Aaron's Inc by 63.2%. His purchase prices were between $24.53 and $35.8, with an estimated average price of $27.31. The impact to his portfolio due to this purchase was 0.05%. His holdings were 204,000 shares as of 09/30/2014.

Added: Sigma-Aldrich Corp (SIAL, Financial)

Tom Gayner (Trades, Portfolio) added to his holdings in Sigma-Aldrich Corp by 200%. His purchase prices were between $100.42 and $136.77, with an estimated average price of $105.88. The impact to his portfolio due to this purchase was 0.05%. His holdings were 18,000 shares as of 09/30/2014.

Added: McGraw Hill Financial Inc (MHFI, Financial)

Tom Gayner (Trades, Portfolio) added to his holdings in McGraw Hill Financial Inc by 23.75%. His purchase prices were between $77.95 and $86.56, with an estimated average price of $82.19. The impact to his portfolio due to this purchase was 0.05%. His holdings were 99,000 shares as of 09/30/2014.

Added: CME Group Inc (CME)

Tom Gayner (Trades, Portfolio) added to his holdings in CME Group Inc by 87.5%. His purchase prices were between $70.49 and $82.96, with an estimated average price of $75.47. The impact to his portfolio due to this purchase was 0.05%. His holdings were 45,000 shares as of 09/30/2014.

Added: Apollo Global Management LLC (APO)

Tom Gayner (Trades, Portfolio) added to his holdings in Apollo Global Management LLC by 24.43%. His purchase prices were between $22.61 and $27.85, with an estimated average price of $24.96. The impact to his portfolio due to this purchase was 0.04%. His holdings were 275,000 shares as of 09/30/2014.

Added: MSCI Inc (MSCI)

Tom Gayner (Trades, Portfolio) added to his holdings in MSCI Inc by 48.28%. His purchase prices were between $43.9 and $48.98, with an estimated average price of $46.24. The impact to his portfolio due to this purchase was 0.04%. His holdings were 86,000 shares as of 09/30/2014.

Added: Ritchie Bros Auctioneers Inc (RBA)

Tom Gayner (Trades, Portfolio) added to his holdings in Ritchie Bros Auctioneers Inc by 400%. His purchase prices were between $21.8 and $25.26, with an estimated average price of $23.83. The impact to his portfolio due to this purchase was 0.03%. His holdings were 50,000 shares as of 09/30/2014.

Reduced: Teva Pharmaceutical Industries Ltd (TEVA)

Tom Gayner (Trades, Portfolio) reduced to his holdings in Teva Pharmaceutical Industries Ltd by 36.02%. His sale prices were between $50.94 and $55.05, with an estimated average price of $52.93. The impact to his portfolio due to this sale was -0.36%. Tom Gayner (Trades, Portfolio) still held 444,000 shares as of 09/30/2014.

Reduced: International Game Technology (IGT)

Tom Gayner (Trades, Portfolio) reduced to his holdings in International Game Technology by 76.5%. His sale prices were between $15.11 and $17.37, with an estimated average price of $16.66. The impact to his portfolio due to this sale was -0.32%. Tom Gayner (Trades, Portfolio) still held 215,000 shares as of 09/30/2014.

Here is the complete portfolio of Tom Gayner. Also check out:

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