Buy/Sell Activity

Thomas Gayner - Markel Asset Management

Stock Activity Share change % change to portfolio
Q4  2012
hist MCD - McDonald's Corp. Reduce 0.10% 199 0.00
hist BRK.B - Berkshire Hathaway CL B Reduce 0.12% 1,900 0.01
hist EMR - Emerson Electric Reduce 0.12% 200 0.00
hist MMM - 3M Co. Reduce 0.17% 350 0.00
hist DEO - Diageo plc Reduce 0.18% 2,178 0.01
hist KMX - CarMax Inc. Reduce 0.21% 10,762 0.02
hist DIS - Walt Disney Co. Reduce 0.24% 3,667 0.01
hist BUD - Anheuser-Busch InBev Reduce 0.27% 1,100 0.00
hist HD - Home Depot Reduce 0.29% 2,798 0.01
hist WMT - Wal-Mart Stores Reduce 0.33% 3,698 0.01
hist NVO - Novo Nordisk A S Reduce 0.35% 4,000 0.01
hist MAR - Marriott Int'l. Reduce 0.36% 4,925 0.01
hist GE - General Electric Reduce 0.41% 9,875 0.01
hist XOM - Exxon Mobil Corp. Reduce 0.43% 3,549 0.01
hist UPS - United Parcel Service Reduce 0.48% 3,597 0.01
hist IGT - International Game Technology Reduce 0.48% 5,596 0.00
hist SCHW - Charles Schwab Reduce 0.51% 5,196 0.00
hist ADP - Automatic Data Processing Inc. Reduce 0.52% 2,700 0.01
hist AXP - American Express Reduce 0.53% 1,999 0.00
hist ITW - Illinois Tool Works Reduce 0.80% 1,990 0.01
hist ACN - Accenture Reduce 0.84% 1,000 0.00
hist IBM - International Bus. Machines Reduce 0.99% 200 0.00
hist KO - Coca Cola Co. Reduce 1.27% 1,600 0.00
hist APD - Air Products & Chemicals Reduce 1.44% 400 0.00
hist FNF - Fidelity National Financial Inc. Reduce 14.11% 2,300 0.00
hist SYY - Sysco Corp. Reduce 24.64% 186,796 0.25
hist UBSH - Union First Market Bankshares Corp. Reduce 25.12% 880,439 0.58
hist VOD - Vodafone Group PLC Sell 100.00% 20,000 0.02
Q3  2012
hist HAS - Hasbro Inc. Add 200.00% 80,000 0.13
hist WAG - Walgreen Co. Add 147.46% 1,281,200 2.00
hist CRR - Carbo Ceramics Add 124.64% 86,000 0.23
hist APD - Air Products & Chemicals Add 75.32% 11,900 0.04
hist BF.A - BROWN FORMAN Inc. A Add 50.00% 141,880 0.38
hist EXPD - Expeditors Int'l Add 47.95% 35,000 0.06
hist ADM - Archer-Daniels-Midland Add 27.08% 267,000 0.31
hist NOV - National Oilwell Varco Inc. Add 23.53% 20,000 0.07
hist MON - Monsanto Co. Add 19.16% 5,000 0.02
hist NKE - NIKE Inc. Add 17.93% 18,000 0.04
hist DELL-OL - Dell Inc. Add 11.11% 25,000 0.01
hist CLMS - Calamos Asset Management Inc. Add 8.33% 10,000 0.00
hist TEVA - Teva Pharmaceutical Industries Ltd. Add 7.62% 42,200 0.07
hist IGT - International Game Technology Add 5.61% 62,468 0.04
hist V - Visa Inc. Add 5.20% 5,000 0.03
hist HCCI - Heritage-Crystal Clean Inc. Add 4.18% 10,000 0.01
hist JNJ - Johnson & Johnson Add 3.52% 19,800 0.06
hist PEP - PepsiCo Inc. Add 3.25% 4,000 0.01
hist LOW - Lowe's Cos. Add 2.67% 15,000 0.02
hist SCHW - Charles Schwab Add 2.40% 23,805 0.01
hist UPS - United Parcel Service Add 1.02% 7,537 0.02
hist BRK.A - Berkshire Hathaway CL A Add 0.74% 8 0.05