Buy/Sell Activity

Thomas Gayner - Markel Asset Management

Stock Activity Share change % change to portfolio
Q1  2013
hist XRAY - Dentsply International Sell 100.00% 35,400 0.06
hist MKC - McCormick & Co. Sell 100.00% 17,000 0.04
hist BBSI - Barrett Business Services Sell 100.00% 20,500 0.03
hist RFP - Resolute Forest Products Sell 100.00% 15,375 0.01
Q4  2012
hist NSC - Norfolk Southern Corp. Add 236.92% 50,700 0.13
hist MCO - Moody's Corp. Add 218.00% 65,400 0.14
hist AHGP - Alliance Holdings GP Add 104.29% 85,000 0.17
hist CNX - CONSOL Energy Inc. Add 100.00% 15,000 0.02
hist NRP - Natural Resource Partners Add 84.36% 46,400 0.04
hist PG - Procter & Gamble Add 79.17% 15,200 0.04
hist CLMS - Calamos Asset Management Inc. Add 76.92% 100,000 0.04
hist MAT - Mattel Inc. Add 34.67% 26,000 0.04
hist BTU - Peabody Energy Add 33.33% 3,000 0.05
hist ANR - Alpha Natural Resources Inc. Add 30.38% 56,500 0.02
hist HAS - Hasbro Inc. Add 26.25% 31,500 0.05
hist EXPD - Expeditors Int'l Add 23.15% 25,000 0.04
hist NICK - Nicholas Financial Inc. Add 19.54% 30,000 0.01
hist NOV - National Oilwell Varco Inc. Add 17.14% 18,000 0.05
hist MON - Monsanto Co. Add 13.83% 4,300 0.02
hist CRR - Carbo Ceramics Add 11.61% 18,000 0.06
hist LUK - Leucadia National Corp. Add 11.11% 74,500 0.07
hist TEVA - Teva Pharmaceutical Industries Ltd. Add 8.12% 48,400 0.08
hist ADM - Archer-Daniels-Midland Add 6.51% 81,500 0.09
hist ORCL - Oracle Corp. Add 4.47% 27,700 0.04
hist HCCI - Heritage-Crystal Clean Inc. Add 4.01% 10,000 0.01
hist JNJ - Johnson & Johnson Add 1.79% 10,400 0.03
hist NKE - NIKE Inc. Add 1.69% 4,000 0.00
hist BRK.A - Berkshire Hathaway CL A Add 1.66% 18 0.10
hist PEP - PepsiCo Inc. Add 0.24% 300 0.00
hist RLI - RLI Corp. Add 0.11% 1,400 0.00
hist WBA - Walgreens Boots Alliance Add 0.11% 2,400 0.00
hist GD - General Dynamics Add 0.10% 407 0.00
hist LMCA - Liberty Media Corp. Buy 12,000 0.06
hist BG - Bunge Ltd. Buy 9,000 0.03
hist ACI - Arch Coal Buy 56,000 0.02
hist RFP - Resolute Forest Products Buy 15,375 0.01
hist QMM - Quaterra Resources Buy 200,000 0.00
hist INTC - Intel Corp. Reduce 0.04% 300 0.00
hist PDCO - Patterson Cos. Inc. Reduce 0.07% 100 0.00
hist BAM - Brookfield Asset Management Inc. Reduce 0.07% 3,294 0.00