This is the Q3 portfolio update for Markel Gayner Asset Management Corp. The portfolio is run by Markel’s CIO Tom Gayner.
As a deep value investor, it seems that Mr. Gayner find opportunities in large caps, as most of his new purchases are in mega caps like Walmart, Exxon Mobil, Microsoft Corp. etc.
Mr. Gayner invests his largest positions in the companies that are managed by best investors. This list includes Berkshire, Fairfax, Brookfield Asset etc.
Over the past 10 years Mr. Gayner has doubled the money in Markel Corp, while the market is in negative territory.
Tom Gayner buys National Oilwell Varco Inc., Nestle S.a S/adr, sells Forest City Enterprises Inc. during the 3-months ended 09/30/2010, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. Tom Gayner owns 81 stocks with a total value of $1.7 billion. These are the details of the buys and sells.
For the details of Tom Gayner's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner
This is the sector weightings of his portfolio:
These are the top 5 holdings of Tom Gayner
Added: Exxon Mobil Corp. (XOM, Financial)
Tom Gayner added to his holdings in Exxon Mobil Corp. by 17.65%. His purchase prices were between $56.57 and $62.72, with an estimated average price of $60.26. The impact to his portfolio due to this purchase was 0.35%. His holdings were 640,246 shares as of 09/30/2010.
Exxon Mobil Corporation's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crudeoil, natural gas and petroleum products. Exxon Mobil Corp. has a market cap of $362.18 billion; its shares were traded at around $71.13 with a P/E ratio of 12.7 and P/S ratio of 1.2. The dividend yield of Exxon Mobil Corp. stocks is 2.5%. Exxon Mobil Corp. had an annual average earning growth of 11.2% over the past 10 years. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 3.5-star.
Added: Walmart Stores Inc. (WMT, Financial)
Tom Gayner added to his holdings in Walmart Stores Inc. by 5.6%. His purchase prices were between $48 and $54.08, with an estimated average price of $51.35. The impact to his portfolio due to this purchase was 0.16%. His holdings were 932,795 shares as of 09/30/2010.
Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores Inc. has a market cap of $198.23 billion; its shares were traded at around $54.51 with a P/E ratio of 14.1 and P/S ratio of 0.5. The dividend yield of Walmart Stores Inc. stocks is 2.2%. Walmart Stores Inc. had an annual average earning growth of 11.1% over the past 10 years. GuruFocus rated Walmart Stores Inc. the business predictability rank of 5-star.
Added: Charles Schwab Corp. (SCHW, Financial)
Tom Gayner added to his holdings in Charles Schwab Corp. by 17.25%. His purchase prices were between $12.76 and $15.43, with an estimated average price of $14.28. The impact to his portfolio due to this purchase was 0.1%. His holdings were 849,100 shares as of 09/30/2010.
Charles Schwab Corp. provides a full-service investing experience to customers through a clicks and mortar multi-dimensional, five channel offering of the Internet, branch offices, speech recognition, touch-tone telephone, e-mail and wireless technologies, multilingual and international services, and direct access to professionals day or night. Charles Schwab Corp. has a market cap of $18.36 billion; its shares were traded at around $15.38 with a P/E ratio of 30.2 and P/S ratio of 4.4. The dividend yield of Charles Schwab Corp. stocks is 1.5%. Charles Schwab Corp. had an annual average earning growth of 11.2% over the past 10 years.
Added: Teva Pharmaceutical Industries Ltd. (TEVA, Financial)
Tom Gayner added to his holdings in Teva Pharmaceutical Industries Ltd. by 48.67%. His purchase prices were between $47.17 and $55.73, with an estimated average price of $52.1. The impact to his portfolio due to this purchase was 0.09%. His holdings were 89,500 shares as of 09/30/2010.
TEVA Pharmaceuticals USA, the business is to develop, manufacture, and market generic pharmaceuticals. Teva Pharmaceutical Industries Ltd. has a market cap of $47.27 billion; its shares were traded at around $50.56 with a P/E ratio of 11.9 and P/S ratio of 3.4. The dividend yield of Teva Pharmaceutical Industries Ltd. stocks is 1.3%. Teva Pharmaceutical Industries Ltd. had an annual average earning growth of 22.6% over the past 10 years. GuruFocus rated Teva Pharmaceutical Industries Ltd. the business predictability rank of 4-star.
Added: Microsoft Corp. (MSFT, Financial)
Tom Gayner added to his holdings in Microsoft Corp. by 95.62%. His purchase prices were between $23.27 and $26.33, with an estimated average price of $24.82. The impact to his portfolio due to this purchase was 0.07%. His holdings were 102,290 shares as of 09/30/2010.
Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $233.13 billion; its shares were traded at around $26.94 with a P/E ratio of 11.7 and P/S ratio of 3.7. The dividend yield of Microsoft Corp. stocks is 1.9%. Microsoft Corp. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.
New Purchase: National Oilwell Varco Inc. (NOV, Financial)
Tom Gayner initiated holdings in National Oilwell Varco Inc.. His purchase prices were between $33.35 and $44.85, with an estimated average price of $39.19. The impact to his portfolio due to this purchase was 0.22%. His holdings were 82,000 shares as of 09/30/2010.
National-Oilwell is a worldwide leader in the design, manufacture and sale of machinery and equipment and in the distribution of maintenance, repair and operating products used in oil and gas drilling and production. National Oilwell Varco Inc. has a market cap of $24.76 billion; its shares were traded at around $59.09 with a P/E ratio of 14.8 and P/S ratio of 1.9. The dividend yield of National Oilwell Varco Inc. stocks is 0.7%. National Oilwell Varco Inc. had an annual average earning growth of 35.5% over the past 10 years. GuruFocus rated National Oilwell Varco Inc. the business predictability rank of 4.5-star.
New Purchase: Nestle S.a S/adr (NSRGY, Financial)
Tom Gayner initiated holdings in Nestle S.a S/adr. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 100,100 shares as of 09/30/2010.
Nestle is the world's #1 food company and the world leader in coffee (Nescafe), mineral water (Perrier), and ophthalmology products. with and P/S ratio of 2.03. The dividend yield of Nestle S.a S/adr stocks is 1.54%.
Reduced: Forest City Enterprises Inc. (FCE.A, Financial)
Tom Gayner reduced to his holdings in Forest City Enterprises Inc. by 97.7%. His sale prices were between $11.01 and $13.01, with an estimated average price of $12.11. The impact to his portfolio due to this sale was -0.01%. Tom Gayner still held 19,367 shares as of 09/30/2010.
FOREST CITY ENTERPRI, INC. is a national real estate company which acquires, develops, lease & manages residential properties; owns, acquires, develops & manages retail, office & urban entertainment projects; acquires & sells both raw land & developed lots to commercial, industrial & residential users; & acts as a wholesale lumber trading company. Forest City Enterprises Inc. has a market cap of $2.23 billion; its shares were traded at around $15.38 with a P/E ratio of 11 and P/S ratio of 2. Forest City Enterprises Inc. had an annual average earning growth of 1.8% over the past 10 years.
As a deep value investor, it seems that Mr. Gayner find opportunities in large caps, as most of his new purchases are in mega caps like Walmart, Exxon Mobil, Microsoft Corp. etc.
Mr. Gayner invests his largest positions in the companies that are managed by best investors. This list includes Berkshire, Fairfax, Brookfield Asset etc.
Over the past 10 years Mr. Gayner has doubled the money in Markel Corp, while the market is in negative territory.
Tom Gayner buys National Oilwell Varco Inc., Nestle S.a S/adr, sells Forest City Enterprises Inc. during the 3-months ended 09/30/2010, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. Tom Gayner owns 81 stocks with a total value of $1.7 billion. These are the details of the buys and sells.
For the details of Tom Gayner's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner
This is the sector weightings of his portfolio:
| Financials | 36.1% |
| Consumer Services | 24% |
| Industrials | 12.6% |
| Consumer Goods | 8.9% |
| Oil & Gas | 4.8% |
| Health Care | 4.2% |
| Utilities | 0.6% |
| Technology | 0.6% |
| Basic Materials | 0.1% |
These are the top 5 holdings of Tom Gayner
- CarMax Inc. (KMX) - 5,266,299 shares, 8.76% of the total portfolio. Shares reduced by 0.09%
- Berkshire Hathaway Inc. (BRK.B) - 1,568,840 shares, 7.75% of the total portfolio. Shares reduced by 0.09%
- FAIRFAX FINL HLDGS LTD (FRFHF) - 279,459 shares, 6.8% of the total portfolio.
- Berkshire Hathaway Inc. (BRK.A) - 896 shares, 6.66% of the total portfolio.
- Brookfield Asset Management Inc. Ltd. (BAM) - 3,101,077 shares, 5.26% of the total portfolio. Shares reduced by 0.09%
Added: Exxon Mobil Corp. (XOM, Financial)
Tom Gayner added to his holdings in Exxon Mobil Corp. by 17.65%. His purchase prices were between $56.57 and $62.72, with an estimated average price of $60.26. The impact to his portfolio due to this purchase was 0.35%. His holdings were 640,246 shares as of 09/30/2010.
Exxon Mobil Corporation's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacturing of petroleum products and transportation and sale of crudeoil, natural gas and petroleum products. Exxon Mobil Corp. has a market cap of $362.18 billion; its shares were traded at around $71.13 with a P/E ratio of 12.7 and P/S ratio of 1.2. The dividend yield of Exxon Mobil Corp. stocks is 2.5%. Exxon Mobil Corp. had an annual average earning growth of 11.2% over the past 10 years. GuruFocus rated Exxon Mobil Corp. the business predictability rank of 3.5-star.
Added: Walmart Stores Inc. (WMT, Financial)
Tom Gayner added to his holdings in Walmart Stores Inc. by 5.6%. His purchase prices were between $48 and $54.08, with an estimated average price of $51.35. The impact to his portfolio due to this purchase was 0.16%. His holdings were 932,795 shares as of 09/30/2010.
Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores Inc. has a market cap of $198.23 billion; its shares were traded at around $54.51 with a P/E ratio of 14.1 and P/S ratio of 0.5. The dividend yield of Walmart Stores Inc. stocks is 2.2%. Walmart Stores Inc. had an annual average earning growth of 11.1% over the past 10 years. GuruFocus rated Walmart Stores Inc. the business predictability rank of 5-star.
Added: Charles Schwab Corp. (SCHW, Financial)
Tom Gayner added to his holdings in Charles Schwab Corp. by 17.25%. His purchase prices were between $12.76 and $15.43, with an estimated average price of $14.28. The impact to his portfolio due to this purchase was 0.1%. His holdings were 849,100 shares as of 09/30/2010.
Charles Schwab Corp. provides a full-service investing experience to customers through a clicks and mortar multi-dimensional, five channel offering of the Internet, branch offices, speech recognition, touch-tone telephone, e-mail and wireless technologies, multilingual and international services, and direct access to professionals day or night. Charles Schwab Corp. has a market cap of $18.36 billion; its shares were traded at around $15.38 with a P/E ratio of 30.2 and P/S ratio of 4.4. The dividend yield of Charles Schwab Corp. stocks is 1.5%. Charles Schwab Corp. had an annual average earning growth of 11.2% over the past 10 years.
Added: Teva Pharmaceutical Industries Ltd. (TEVA, Financial)
Tom Gayner added to his holdings in Teva Pharmaceutical Industries Ltd. by 48.67%. His purchase prices were between $47.17 and $55.73, with an estimated average price of $52.1. The impact to his portfolio due to this purchase was 0.09%. His holdings were 89,500 shares as of 09/30/2010.
TEVA Pharmaceuticals USA, the business is to develop, manufacture, and market generic pharmaceuticals. Teva Pharmaceutical Industries Ltd. has a market cap of $47.27 billion; its shares were traded at around $50.56 with a P/E ratio of 11.9 and P/S ratio of 3.4. The dividend yield of Teva Pharmaceutical Industries Ltd. stocks is 1.3%. Teva Pharmaceutical Industries Ltd. had an annual average earning growth of 22.6% over the past 10 years. GuruFocus rated Teva Pharmaceutical Industries Ltd. the business predictability rank of 4-star.
Added: Microsoft Corp. (MSFT, Financial)
Tom Gayner added to his holdings in Microsoft Corp. by 95.62%. His purchase prices were between $23.27 and $26.33, with an estimated average price of $24.82. The impact to his portfolio due to this purchase was 0.07%. His holdings were 102,290 shares as of 09/30/2010.
Microsoft develops, manufactures, licenses, and supports a wide range of software products for a multitude of computing devices. Microsoft Corp. has a market cap of $233.13 billion; its shares were traded at around $26.94 with a P/E ratio of 11.7 and P/S ratio of 3.7. The dividend yield of Microsoft Corp. stocks is 1.9%. Microsoft Corp. had an annual average earning growth of 12.6% over the past 10 years. GuruFocus rated Microsoft Corp. the business predictability rank of 3-star.
New Purchase: National Oilwell Varco Inc. (NOV, Financial)
Tom Gayner initiated holdings in National Oilwell Varco Inc.. His purchase prices were between $33.35 and $44.85, with an estimated average price of $39.19. The impact to his portfolio due to this purchase was 0.22%. His holdings were 82,000 shares as of 09/30/2010.
National-Oilwell is a worldwide leader in the design, manufacture and sale of machinery and equipment and in the distribution of maintenance, repair and operating products used in oil and gas drilling and production. National Oilwell Varco Inc. has a market cap of $24.76 billion; its shares were traded at around $59.09 with a P/E ratio of 14.8 and P/S ratio of 1.9. The dividend yield of National Oilwell Varco Inc. stocks is 0.7%. National Oilwell Varco Inc. had an annual average earning growth of 35.5% over the past 10 years. GuruFocus rated National Oilwell Varco Inc. the business predictability rank of 4.5-star.
New Purchase: Nestle S.a S/adr (NSRGY, Financial)
Tom Gayner initiated holdings in Nestle S.a S/adr. The impact to his portfolio due to this purchase was less than 0.01%. His holdings were 100,100 shares as of 09/30/2010.
Nestle is the world's #1 food company and the world leader in coffee (Nescafe), mineral water (Perrier), and ophthalmology products. with and P/S ratio of 2.03. The dividend yield of Nestle S.a S/adr stocks is 1.54%.
Reduced: Forest City Enterprises Inc. (FCE.A, Financial)
Tom Gayner reduced to his holdings in Forest City Enterprises Inc. by 97.7%. His sale prices were between $11.01 and $13.01, with an estimated average price of $12.11. The impact to his portfolio due to this sale was -0.01%. Tom Gayner still held 19,367 shares as of 09/30/2010.
FOREST CITY ENTERPRI, INC. is a national real estate company which acquires, develops, lease & manages residential properties; owns, acquires, develops & manages retail, office & urban entertainment projects; acquires & sells both raw land & developed lots to commercial, industrial & residential users; & acts as a wholesale lumber trading company. Forest City Enterprises Inc. has a market cap of $2.23 billion; its shares were traded at around $15.38 with a P/E ratio of 11 and P/S ratio of 2. Forest City Enterprises Inc. had an annual average earning growth of 1.8% over the past 10 years.
