Buy/Sell Activity

Thomas Gayner - Markel Asset Management

Stock Activity Share change % change to portfolio
Q2  2012
hist HD - Home Depot Reduce 0.49% 4,682 0.01
hist VAC - Marriott Vacations Worldwide Reduce 0.57% 762 0.00
hist EMR - Emerson Electric Reduce 0.58% 1,000 0.00
hist AXP - American Express Reduce 0.90% 3,399 0.01
hist IBM - International Bus. Machines Reduce 0.98% 200 0.00
hist BK - Bank of New York Reduce 2.41% 5,660 0.01
hist WRE - Washington REIT Reduce 3.10% 300 0.00
hist FNF - Fidelity National Financial Inc. Reduce 79.79% 550,000 0.47
hist ITC - ITC Holdings Corp. Sell 100.00% 249,600 0.30
hist POOL - Pool Corp. Sell 100.00% 95,000 0.16
hist NSH - NuStar GP Holdings LLC Sell 100.00% 6,000 0.01
Q1  2012
hist WAG - Walgreen Co. Add 208.00% 462,500 0.72
hist L - Loews Corp. Add 184.40% 130,000 0.24
hist FII - Federated Investors Inc. Add 118.97% 1,166,500 1.21
hist DWA - DreamWorks Animation SKG Inc. Add 96.00% 48,000 0.04
hist COF - Capital One Financial Add 39.36% 50,500 0.13
hist VOD - Vodafone Group PLC Add 33.33% 5,000 0.01
hist SLB - Schlumberger Ltd. Add 31.12% 21,600 0.07
hist EXPD - Expeditors Int'l Add 27.08% 13,000 0.03
hist WU - Western Union Co. Add 25.00% 68,000 0.06
hist ORCL - Oracle Corp. Add 22.34% 94,100 0.13
hist SEIC - SEI Investments Add 15.79% 15,000 0.01
hist TEVA - Teva Pharmaceutical Industries Ltd. Add 14.63% 68,500 0.14
hist V - Visa Inc. Add 14.27% 12,000 0.06
hist MKC - McCormick & Co. Add 13.33% 2,000 0.00
hist LII - Lennox International Add 9.98% 23,000 0.04
hist LPX - Louisiana Pacific Add 9.35% 10,000 0.00
hist MMM - 3M Co. Add 8.93% 16,700 0.07
hist MSFT - Microsoft Corp. Add 8.63% 63,400 0.09
hist BRP - Brookfield Residential Properties Inc. Add 7.65% 7,000 0.00
hist EXP - Eagle Materials Inc. Add 7.34% 4,000 0.01
hist INTC - Intel Corp. Add 6.79% 53,100 0.07
hist LEN.B - Lennar Corp. CL B Add 5.17% 5,000 0.00
hist BRK.A - Berkshire Hathaway CL A Add 4.49% 43 0.24
hist LUK - Leucadia National Corp. Add 4.46% 28,000 0.03
hist TROW - T. Rowe Price Group Add 4.16% 10,000 0.03
hist SCHW - Charles Schwab Add 3.63% 34,500 0.02
hist ADP - Automatic Data Processing Inc. Add 3.47% 17,400 0.04
hist PAYX - Paychex Inc. Add 3.43% 5,000 0.01
hist GD - General Dynamics Add 2.49% 9,653 0.03
hist WMT - Wal-Mart Stores Add 1.22% 13,202 0.04
hist DIS - Walt Disney Co. Add 0.51% 7,908 0.02
hist XOM - Exxon Mobil Corp. Add 0.38% 3,057 0.01
hist IGT - International Game Technology Add 0.00% 2 0.00
hist CFX - Colfax Corp. Buy 1,085,070 1.76
hist ADM - Archer-Daniels-Midland Buy 376,000 0.55
hist ART - Artio Global Investors Inc. Buy 1,408,600 0.31
hist CRR - Carbo Ceramics Buy 44,000 0.21
hist CLMS - Calamos Asset Management Inc. Buy 25,000 0.02
hist YUM - Yum! Brands Inc. Buy 3,200 0.01