Buy/Sell Activity

Thomas Gayner - Markel Asset Management

Stock Activity Share change % change to portfolio
Q2  2011
hist SYY - Sysco Corp. Add 0.09% 704 0.00
hist UPS - United Parcel Service Add 0.03% 203 0.00
hist GD - General Dynamics Add 0.00% 2 0.00
hist ORCL - Oracle Corp. Buy 201,700 0.35
hist LEN - Lennar Corp. Buy 25,000 0.02
hist BRP - Brookfield Residential Properties Inc. Buy 27,000 0.01
hist BAM - Brookfield Asset Management Inc. Reduce 0.00% 147 0.00
hist DEO - Diageo plc Reduce 0.01% 98 0.00
hist HD - Home Depot Reduce 0.02% 197 0.00
hist LUK - Leucadia National Corp. Reduce 0.02% 134 0.00
hist MAR - Marriott Int'l. Reduce 0.02% 268 0.00
hist CAT - Caterpillar Inc. Reduce 0.03% 66 0.00
hist XOM - Exxon Mobil Corp. Reduce 0.06% 399 0.00
hist DIS - Walt Disney Co. Reduce 0.07% 1,000 0.00
hist NVO - Novo Nordisk A S Reduce 0.09% 1,000 0.00
hist WBA - Walgreens Boots Alliance Reduce 0.09% 200 0.00
hist MCD - McDonald's Corp. Reduce 0.10% 199 0.00
hist ITW - Illinois Tool Works Reduce 0.13% 329 0.00
hist NSH - NuStar GP Holdings LLC Reduce 0.17% 1,000 0.00
hist EPD - Enterprise Products Partners LP Reduce 0.20% 1,000 0.00
hist RLI - RLI Corp. Reduce 0.24% 3,000 0.00
hist KMX - CarMax Inc. Reduce 0.28% 14,814 0.03
hist IGT - International Game Technology Reduce 0.28% 3,207 0.00
hist KO - Coca Cola Co. Reduce 0.31% 400 0.00
hist GE - General Electric Reduce 0.43% 10,726 0.01
hist PDCO - Patterson Cos. Inc. Reduce 1.73% 2,400 0.00
hist CPB - Campbell Soup Reduce 2.02% 1,500 0.00
hist AXP - American Express Reduce 2.22% 8,796 0.02
hist FNF - Fidelity National Financial Inc. Reduce 2.38% 41,729 0.03
hist WTM - White Mountains Insurance Reduce 7.36% 6,000 0.13
hist WRE - Washington REIT Reduce 46.87% 190,967 0.33
hist FCE.A - Forest City Enterprises Inc. Sell 100.00% 11,400 0.01
Q1  2011
hist WU - Western Union Co. Add 52.50% 21,000 0.02
hist MSFT - Microsoft Corp. Add 40.94% 85,400 0.12
hist CLMT - Calumet Specialty Products Add 38.91% 10,000 0.01
hist PEP - PepsiCo Inc. Add 35.82% 24,000 0.08
hist CLX - Clorox Co. Add 33.33% 4,000 0.02
hist ABT - Abbott Labs Add 26.43% 18,500 0.05
hist TEVA - Teva Pharmaceutical Industries Ltd. Add 17.27% 21,000 0.06
hist KMB - Kimberly-Clark Add 16.39% 2,000 0.01
hist LOW - Lowe's Cos. Add 13.31% 41,100 0.06
hist BUD - Anheuser-Busch InBev Add 7.44% 19,800 0.06
hist EOG - EOG Resources Add 6.98% 11,000 0.04
hist WMT - Wal-Mart Stores Add 4.89% 48,302 0.14
hist FII - Federated Investors Inc. Add 4.23% 10,000 0.01
hist XOM - Exxon Mobil Corp. Add 4.14% 28,801 0.13
hist ADP - Automatic Data Processing Inc. Add 4.00% 18,000 0.05
hist SCHW - Charles Schwab Add 3.67% 34,000 0.03
hist UPS - United Parcel Service Add 1.97% 13,903 0.06
hist MMM - 3M Co. Add 1.94% 3,000 0.02
hist JNJ - Johnson & Johnson Add 0.73% 4,100 0.01
hist ITW - Illinois Tool Works Add 0.00% 5 0.00
hist AXP - American Express Add 0.00% 1 0.00
hist GD - General Dynamics Add 0.00% 3 0.00
hist BAM - Brookfield Asset Management Inc. Add 0.00% 4 0.00
hist HD - Home Depot Add 0.00% 3 0.00
hist IGT - International Game Technology Add 0.00% 2 0.00
hist MCF - Contango Oil & Gas Co. Buy 28,500 0.10
hist DST - DST Systems Inc. Buy 21,000 0.06
hist WSO - Watsco Inc. Buy 5,000 0.02
hist DIS - Walt Disney Co. Reduce 0.07% 995 0.00
hist SYY - Sysco Corp. Reduce 0.10% 796 0.00
hist FNF - Fidelity National Financial Inc. Reduce 0.10% 1,694 0.00
hist DEO - Diageo plc Reduce 0.16% 2,000 0.01
hist MCD - McDonald's Corp. Reduce 0.16% 299 0.00
hist WBA - Walgreens Boots Alliance Reduce 0.18% 400 0.00
hist GE - General Electric Reduce 0.27% 6,592 0.01
hist ACN - Accenture Reduce 0.33% 400 0.00
hist NVO - Novo Nordisk A S Reduce 0.43% 5,000 0.01
hist KO - Coca Cola Co. Reduce 0.46% 600 0.00
hist APD - Air Products & Chemicals Reduce 3.70% 200 0.00
hist FO - Fortune Brands Inc. Sell 100.00% 45,900 0.15
hist ABH - AbitibiBowater Inc. Sell 100.00% 85,392 0.11
Q4  2010
hist MSFT - Microsoft Corp. Add 103.92% 106,300 0.17
hist EOG - EOG Resources Add 102.05% 79,600 0.20
hist BUD - Anheuser-Busch InBev Add 98.51% 132,000 0.42
hist TEVA - Teva Pharmaceutical Industries Ltd. Add 35.87% 32,100 0.09
hist SCHW - Charles Schwab Add 9.09% 77,200 0.07
hist XOM - Exxon Mobil Corp. Add 8.64% 55,326 0.23
hist SLB - Schlumberger Ltd. Add 6.03% 4,000 0.02
hist WMT - Wal-Mart Stores Add 5.79% 54,000 0.16
hist BRK.A - Berkshire Hathaway CL A Add 5.02% 45 0.30
hist BK - Bank of New York Add 4.42% 10,000 0.02
hist ITW - Illinois Tool Works Add 4.08% 9,905 0.03
hist FII - Federated Investors Inc. Add 3.96% 9,000 0.01
hist INTC - Intel Corp. Add 3.95% 10,000 0.01
hist NOV - National Oilwell Varco Inc. Add 3.66% 3,000 0.01
hist MMM - 3M Co. Add 3.48% 5,200 0.03
hist ADP - Automatic Data Processing Inc. Add 3.40% 14,800 0.04
hist CAT - Caterpillar Inc. Add 0.82% 2,000 0.01
hist JNJ - Johnson & Johnson Add 0.77% 4,300 0.01
hist BRK.B - Berkshire Hathaway CL B Add 0.64% 10,007 0.04
hist KO - Coca Cola Co. Add 0.46% 600 0.00
hist WBA - Walgreens Boots Alliance Add 0.23% 500 0.00
hist EPD - Enterprise Products Partners LP Buy 499,600 0.58
hist ABH - AbitibiBowater Inc. Buy 85,392 0.11
hist CLX - Clorox Co. Buy 12,000 0.04
hist KMB - Kimberly-Clark Buy 12,200 0.04
hist WU - Western Union Co. Buy 40,000 0.04
hist V - Visa Inc. Buy 4,100 0.02