Thomas Gayner - Markel Asset Management

History Stock Activity Share change % change to portfolio
Q1  2014
PEP - PepsiCo Inc. Reduce 0.77% 1,000 0.00
INTC - Intel Corp. Reduce 0.77% 7,700 0.01
COST - Costco Co. Reduce 0.76% 300 0.00
DEO - Diageo ADR Reduce 0.73% 8,820 0.03
PAYX - Paychex Inc. Reduce 0.60% 900 0.00
BN - Brookfield Corp. Reduce 0.59% 42,807 0.02
WBA - Walgreens Boots Alliance Reduce 0.58% 12,450 0.03
ADM - Archer-Daniels-Midland Reduce 0.56% 7,800 0.01
RLI - RLI Corp. Reduce 0.44% 5,248 0.01
CAT - Caterpillar Inc. Reduce 0.41% 1,000 0.00
BUD - Anheuser-Busch InBev Reduce 0.39% 1,600 0.01
NKE - NIKE Inc. Reduce 0.33% 800 0.00
WPC - WP Carey Reduce 0.31% 3,000 0.01
TROW - T. Rowe Price Group Reduce 0.20% 500 0.00
EPD - Enterprise Products Partners LP Sell 100.00% 12,600 0.01
SYY - Sysco Corp. Sell 100.00% 10,300 0.01
OKE - ONEOK Inc. Sell 100.00% 10,000 0.02
ACI-OLD - Arch Coal Sell 100.00% 246,000 0.03
APOL - Apollo Education Group Inc. Sell 100.00% 105,000 0.09
BK - Bank of New York Mellon Corp. Sell 100.00% 111,603 0.12
IBM - International Business Machines Sell 100.00% 24,200 0.14
BTU - Peabody Energy Sell 100.00% 17,334 0.16
AMZN - Amazon.com Inc. Sell 100.00% 314,000 0.20
AHGP - Alliance Holdings GP Sell 100.00% 166,500 0.31
Q4  2013
OKE - ONEOK Inc. Reduce 90.91% 100,000 0.20
BK - Bank of New York Mellon Corp. Reduce 57.34% 150,000 0.16
ACI-OLD - Arch Coal Reduce 37.88% 150,000 0.02
SYY - Sysco Corp. Reduce 21.29% 2,786 0.00
IGT - International Game Technology Reduce 12.80% 151,466 0.09
L - Loews Corp. Reduce 2.37% 5,700 0.01
COST - Costco Co. Reduce 1.01% 400 0.00
KO - Coca Cola Co. Reduce 0.75% 1,000 0.00
ITW - Illinois Tool Works Reduce 0.66% 1,610 0.00
AXP - American Express Reduce 0.49% 1,737 0.00
SCHW - Charles Schwab Corp. Reduce 0.40% 4,019 0.00
HD - Home Depot Reduce 0.34% 3,150 0.01
UPS - United Parcel Service Reduce 0.31% 2,259 0.01
PDCO - Patterson Cos. Inc. Reduce 0.28% 400 0.00
BRK.B - Berkshire Hathaway CL B Reduce 0.27% 4,100 0.02
ORCL - Oracle Corp. Reduce 0.25% 1,600 0.00
GD - General Dynamics Reduce 0.24% 961 0.00
NVO - Novo Nordisk A S Reduce 0.23% 5,000 0.00
MCD - McDonald's Corp. Reduce 0.22% 413 0.00
DIS - Walt Disney Co. Reduce 0.21% 3,235 0.01
BUD - Anheuser-Busch InBev Reduce 0.19% 803 0.00
ACN - Accenture Reduce 0.17% 200 0.00
BPY-OLD - Brookfield Property Partners Reduce 0.16% 276 0.00
KMX - CarMax Inc. Reduce 0.16% 8,231 0.01
DEO - Diageo ADR Reduce 0.14% 1,705 0.01
EMR - Emerson Electric Reduce 0.12% 200 0.00
ITIC - Investors Title Co. Reduce 0.12% 250 0.00
ADP - Automatic Data Processing Inc. Reduce 0.08% 400 0.00
CAT - Caterpillar Inc. Reduce 0.08% 200 0.00
WBA - Walgreens Boots Alliance Reduce 0.08% 1,750 0.00
LOW - Lowe's Cos. Reduce 0.05% 300 0.00
JNJ - Johnson & Johnson Reduce 0.03% 200 0.00
WPC - WP Carey Reduce 0.02% 200 0.00
FII-OLD - Federated Investors Inc. Reduce 0.01% 300 0.00
TEVA - Teva Pharmaceutical Industries Ltd. Reduce 0.01% 100 0.00
CNX - CNX Resources Corp. Sell 100.00% 30,000 0.03
ANR - Alpha Natural Resources Inc. Sell 100.00% 242,000 0.05
NRP - Natural Resource Partners Sell 100.00% 10,190 0.07
JEF - Jefferies Financial Group Inc. Sell 100.00% 390,433 0.36
CRR - Carbo Ceramics Sell 100.00% 236,000 0.80
Q3  2013
JEF - Jefferies Financial Group Inc. Reduce 45.54% 326,500 0.30
SYY - Sysco Corp. Reduce 44.03% 10,296 0.01
ITIC - Investors Title Co. Reduce 5.17% 11,800 0.03
EMR - Emerson Electric Reduce 3.95% 6,700 0.01
APD - Air Products & Chemicals Reduce 3.85% 1,000 0.00
AXP - American Express Reduce 3.72% 13,699 0.04
CNX - CNX Resources Corp. Reduce 3.23% 1,000 0.00
ACN - Accenture Reduce 2.55% 3,000 0.01
MCD - McDonald's Corp. Reduce 2.30% 4,349 0.01
SCHW - Charles Schwab Corp. Reduce 2.25% 23,097 0.02
LOW - Lowe's Cos. Reduce 2.10% 12,000 0.02
PM - Philip Morris Intl. Reduce 1.89% 2,200 0.01
ORCL - Oracle Corp. Reduce 1.88% 12,300 0.01
RLI - RLI Corp. Reduce 1.73% 21,196 0.03
MAR - Marriott Int'l. Reduce 1.57% 21,399 0.03
NVO - Novo Nordisk A S Reduce 1.51% 34,000 0.02
COST - Costco Co. Reduce 1.49% 600 0.00
KMX - CarMax Inc. Reduce 1.46% 74,752 0.12
DEO - Diageo ADR Reduce 1.33% 16,350 0.07
BPY-OLD - Brookfield Property Partners Reduce 1.27% 2,222 0.00
UPS - United Parcel Service Reduce 1.26% 9,447 0.03
CAT - Caterpillar Inc. Reduce 1.22% 3,000 0.01
BRK.B - Berkshire Hathaway CL B Reduce 1.22% 18,838 0.07
DIS - Walt Disney Co. Reduce 1.12% 17,200 0.04
HD - Home Depot Reduce 0.92% 8,748 0.02
KO - Coca Cola Co. Reduce 0.82% 1,100 0.00
IGT - International Game Technology Reduce 0.51% 6,097 0.00
ITW - Illinois Tool Works Reduce 0.45% 1,095 0.00
GD - General Dynamics Reduce 0.45% 1,797 0.01
BRK.A - Berkshire Hathaway CL A Reduce 0.45% 5 0.03
JNJ - Johnson & Johnson Reduce 0.37% 2,150 0.01
BK - Bank of New York Mellon Corp. Reduce 0.36% 943 0.00
PDCO - Patterson Cos. Inc. Reduce 0.14% 200 0.00
MMM - 3M Co. Reduce 0.05% 100 0.00
BF.A - Brown-Forman Corp. CL A Reduce 0.04% 300 0.00
QMM - Quaterra Resources Sell 100.00% 200,000 0.00