Buy/Sell Activity

Thomas Gayner - Markel Asset Management

Stock Activity Share change % change to portfolio
Q1  2015
hist WSO - Watsco Inc. Add 2800.00% 56,000 0.17
hist HAL - Halliburton Co. Add 933.33% 140,000 0.15
hist WAIR - Wesco Aircraft Holdings Add 433.33% 130,000 0.05
hist CLB - Core Laboratories NV Add 308.00% 77,000 0.20
hist BRK.A - Berkshire Hathaway CL A Add 292.00% 803 4.42
hist CRR - Carbo Ceramics Add 227.87% 139,000 0.10
hist LBTYA - Liberty Global Inc. Add 118.18% 39,000 0.05
hist CME - CME Group Add 80.36% 45,000 0.11
hist OAK - Oaktree Capital Group LLC Cl A Add 63.07% 96,500 0.13
hist MON - Monsanto Co. Add 62.11% 59,000 0.17
hist RBA - Ritchie Bros. Auctioneers Inc. Add 39.13% 27,000 0.02
hist ROL - Rollins Inc. Add 35.29% 54,000 0.03
hist SLB - Schlumberger Ltd. Add 34.57% 140,000 0.30
hist MAT - Mattel Inc. Add 26.73% 89,000 0.05
hist NOV - National Oilwell Varco Inc. Add 21.05% 100,000 0.13
hist MMC - Marsh & McLennan Add 19.35% 65,000 0.09
hist MA - Mastercard Inc. Add 13.98% 13,000 0.03
hist RCII - Rent-A-Center Add 13.16% 25,000 0.02
hist MSCI - MSCI Inc. Add 12.87% 13,000 0.02
hist AAN - Aaron's Inc. Add 12.31% 33,000 0.02
hist HAS - Hasbro Inc. Add 12.23% 39,000 0.06
hist MHFI - McGraw Hill Financial Inc. Add 11.71% 13,000 0.03
hist ECL - Ecolab Inc. Add 11.50% 13,000 0.04
hist LMCA - Liberty Media Corp. Add 11.44% 39,000 0.04
hist BLK - BlackRock Inc. Add 11.21% 13,000 0.12
hist FDS - FactSet Research Systems Add 10.16% 13,000 0.05
hist APO - Apollo Global Management Add 10.16% 31,000 0.02
hist CG - Carlyle Group Add 9.01% 29,000 0.02
hist DE - Deere & Co. Add 8.76% 73,000 0.16
hist KKR - KKR & Co. L.P. Add 7.59% 33,000 0.02
hist LMCK - Liberty Media Corp. CL C Add 6.68% 43,113 0.05
hist TRV - Travelers Companies Inc. Add 6.15% 15,000 0.04
hist V - Visa Inc. Add 6.04% 46,000 0.08
hist CVS - CVS Health Corp. Add 5.60% 13,000 0.03
hist CPRT - Copart Inc. Add 5.57% 47,000 0.04
hist BX - The Blackstone Group Add 5.53% 23,000 0.02
hist MCO - Moody's Corp. Add 5.12% 13,000 0.03
hist CB - Chubb Corp. Add 4.91% 13,000 0.03
hist UL - Unilever PLC Add 3.84% 54,000 0.06
hist AXP - American Express Add 3.44% 12,000 0.02
hist ANTM - Anthem Inc. Add 3.23% 7,000 0.03
hist NKE - NIKE Inc. Add 3.23% 5,000 0.01
hist UPS - United Parcel Service Add 1.78% 13,000 0.03
hist UNH - United Health Group Inc. Add 1.07% 7,000 0.02
hist MAR - Marriott Int'l. Add 0.96% 13,000 0.03
hist DIS - Walt Disney Co. Add 0.85% 13,000 0.03
hist GE - General Electric Add 0.78% 23,000 0.01
hist DEO - Diageo plc Add 0.40% 5,000 0.01
hist BAM - Brookfield Asset Management Inc. Add 0.18% 9,000 0.01
hist DISCK - Discovery Communications Inc. CL C Buy 90,000 0.07
hist VRSK - Verisk Analytics Inc. Buy 9,000 0.02
hist COH - Coach Inc. Buy 18,000 0.02
hist RUSHA - Rush Enterprises Inc. Buy 9,000 0.01
hist KMX - CarMax Inc. Reduce 1.01% 50,000 0.09
hist MSFT - Microsoft Corp. Reduce 61.12% 500,000 0.52
hist FFH - Fairfax Financial Holdings Ltd. Sell 100.00% 279,459 3.86
hist EXPD - Expeditors Int'l Sell 100.00% 137,000 0.16
hist BRO - Brown & Brown Inc. Sell 100.00% 165,628 0.14
hist NICK - Nicholas Financial Inc. Sell 100.00% 45,000 0.02
Q4  2014
hist NICK - Nicholas Financial Inc. Add 350.00% 35,000 0.02
hist OAK - Oaktree Capital Group LLC Cl A Add 337.14% 118,000 0.16
hist CLB - Core Laboratories NV Add 150.00% 15,000 0.05
hist MON - Monsanto Co. Add 82.69% 43,000 0.14
hist DE - Deere & Co. Add 54.26% 293,000 0.68
hist MMC - Marsh & McLennan Add 45.45% 105,000 0.16
hist RBA - Ritchie Bros. Auctioneers Inc. Add 38.00% 19,000 0.01
hist AAN - Aaron's Inc. Add 31.37% 64,000 0.05
hist LMCK - Liberty Media Corp. CL C Add 25.00% 129,000 0.13
hist CME - CME Group Add 24.44% 11,000 0.03
hist SLB - Schlumberger Ltd. Add 23.85% 78,000 0.18
hist CPRT - Copart Inc. Add 18.37% 131,000 0.13
hist CB - Chubb Corp. Add 18.30% 41,000 0.11
hist UL - Unilever PLC Add 17.54% 210,000 0.22
hist MSCI - MSCI Inc. Add 17.44% 15,000 0.02
hist ROL - Rollins Inc. Add 17.24% 22,500 0.01
hist MAT - Mattel Inc. Add 16.43% 47,000 0.04
hist LMCA - Liberty Media Corp. Add 16.38% 48,000 0.05
hist MA - Mastercard Inc. Add 16.25% 13,000 0.03
hist TRV - Travelers Companies Inc. Add 14.02% 30,000 0.08
hist HAS - Hasbro Inc. Add 13.52% 38,000 0.05
hist BLK - BlackRock Inc. Add 12.62% 13,000 0.12
hist MHFI - McGraw Hill Financial Inc. Add 12.12% 12,000 0.03
hist NOV - National Oilwell Varco Inc. Add 12.03% 51,000 0.09
hist ECL - Ecolab Inc. Add 11.88% 12,000 0.03
hist CG - Carlyle Group Add 11.03% 32,000 0.02
hist APO - Apollo Global Management Add 10.91% 30,000 0.02
hist FDS - FactSet Research Systems Add 10.34% 12,000 0.05
hist RCII - Rent-A-Center Add 9.20% 16,000 0.02
hist KKR - KKR & Co. L.P. Add 9.02% 36,000 0.02
hist NKE - NIKE Inc. Add 8.39% 12,000 0.03
hist BX - The Blackstone Group Add 7.77% 30,000 0.03
hist V - Visa Inc. Add 6.72% 48,000 0.08
hist CVS - CVS Health Corp. Add 6.42% 14,000 0.04
hist ANTM - Anthem Inc. Add 5.85% 12,000 0.04
hist ACN - Accenture Add 5.47% 7,000 0.02
hist MCO - Moody's Corp. Add 4.96% 12,000 0.03
hist GE - General Electric Add 2.30% 66,000 0.04
hist MAR - Marriott Int'l. Add 1.88% 25,000 0.05
hist UNH - United Health Group Inc. Add 1.86% 12,000 0.03
hist DEO - Diageo plc Add 1.06% 13,000 0.04