GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Markel’s Gayner Buys BUD, BRK.A, XOM, EOG, EPD, ABH, KMB; Sells GE, FCE.A, PPD, CMCSA

insider

gurufocus

353 followers
Tom Gayner is the Executive Vice President and Chief Investment Officer Of Markel Corp and President, Markel Gayner Asset Management, Inc., the investment subsidiary Of Markel Corp. Markel Gayner Asset Management just reported their 4th quarter portfolio. As of 12/31/2010, Markel Gayner Asset Management Corp owns 82 stocks with a total value of $1.8 billion. These are the details of the buys and sells.

Most value investors are quite familiar with Markel Corp. (MKL) which is essentially a younger, smaller version of Berkshire Hathaway. The company is very well run both on the insurance side and on the investment side of the business. According to recent comment from Gayner, they had a fantastic year on equity side, up 20% vs 15% on S&P. Up 6.2% over the last 5 years vs 2.1%, up 7.6% for last 10 years vs 1.1%.

Gayner On What Investment Areas He Currently Finds Attractive:

- Same place as he has for a few years and that is global blue chip brand name companies

- Had a really good 2010 despite not being invested in smaller caps but was instead in high quality

- Thinks commodities might sprint ahead this year but he isn’t chasing as Markel are marathoners not sprinters

- Will continue to put new money into the best franchises in the world if prices stay the same

This is the portfolio chart of Tom Gayner. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



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 35.3%
Consumer Services 24.8%
Industrials 11.9%
Consumer Goods 9.3%
Oil & Gas 5.6%
Health Care 4.3%
Telecommunications 0.9%
Technology 0.8%
Utilities 0.6%
Basic Materials 0.1%


These are the top 5 holdings of Tom Gayner

  1. CARMAX INC. (KMX) - 5,219,146 shares, 9.29% of the total portfolio. Shares reduced by 0.9%
  2. BERKSHIRE HATHAWAY (BRK.B) - 1,578,847 shares, 7.06% of the total portfolio. Shares added by 0.64%
  3. Fairfax Fin Ltd (FRFHF) - 279,459 shares, 6.39% of the total portfolio.
  4. BERKSHIRE HATHAWAY (BRK.A) - 941 shares, 6.33% of the total portfolio. Shares added by 5.02%
  5. BROOKFIELD ASSET MANAGEMENT INC (BAM) - 3,093,871 shares, 5.75% of the total portfolio. Shares reduced by 0.23%


Added: Anheuserbusch Inbev Sa/nv (BUD)

Tom Gayner added to his holdings in Anheuserbusch Inbev Sa/nv by 98.51%. His purchase prices were between $54.94 and $63.88, with an estimated average price of $59.69. The impact to his portfolio due to this purchase was 0.42%. His holdings were 266,000 shares as of 12/31/2010.

Anheuser-Busch Companies is the holding company parent of Anheuser-BuschIncorporated and to a number of subsidiaries that conduct variousother business operations. Anheuserbusch Inbev Sa/nv has a market cap of $89.01 billion; its shares were traded at around $55.99 with a P/E ratio of 19.2 and P/S ratio of 2.4. The dividend yield of Anheuserbusch Inbev Sa/nv stocks is 0.7%.

Added: Berkshire Hathaway (BRK.A)

Tom Gayner added to his holdings in Berkshire Hathaway by 5.02%. His purchase prices were between $118575 and $125612, with an estimated average price of $121699. The impact to his portfolio due to this purchase was 0.3%. His holdings were 941 shares as of 12/31/2010.

Berkshire Hathaway Inc. is a holding company owning subsidiaries engaged in a number of diverse business activities. Berkshire Hathaway has a market cap of $206.08 billion; its shares were traded at around $127400 with a P/E ratio of 17.5 and P/S ratio of 1.8. Berkshire Hathaway had an annual average earning growth of 3.7% over the past 10 years.

Added: Exxon Mobil Corp. (XOM)

Tom Gayner added to his holdings in Exxon Mobil Corp. by 8.64%. His purchase prices were between $62.19 and $73.42, with an estimated average price of $69.07. The impact to his portfolio due to this purchase was 0.23%. His holdings were 695,572 shares as of 12/31/2010.

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 $396.11 billion; its shares were traded at around $82.82 with a P/E ratio of 13.8 and P/S ratio of 1.3. The dividend yield of Exxon Mobil Corp. stocks is 2.2%. 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: Eog Resources Inc. (EOG)

Tom Gayner added to his holdings in Eog Resources Inc. by 102.05%. His purchase prices were between $88.29 and $101.33, with an estimated average price of $93.64. The impact to his portfolio due to this purchase was 0.2%. His holdings were 78,800 shares as of 12/31/2010.

EOG Resources, Inc. is engaged, either directly or through a marketing subsidiary with regard to domestic operations or through various subsidiaries with regard to international operations, in the exploration for, and the development, production and marketing of, natural gas and crude oil primarily in major producing basins in the United States, as well as in Canada and Trinidad. Eog Resources Inc. has a market cap of $25.2 billion; its shares were traded at around $103.3 with a P/E ratio of 57.1 and P/S ratio of 5.4. The dividend yield of Eog Resources Inc. stocks is 0.6%. Eog Resources Inc. had an annual average earning growth of 17.4% over the past 10 years. GuruFocus rated Eog Resources Inc. the business predictability rank of 4.5-star.

Added: Microsoft Corp. (MSFT)

Tom Gayner added to his holdings in Microsoft Corp. by 103.92%. His purchase prices were between $23.91 and $28.3, with an estimated average price of $26.33. The impact to his portfolio due to this purchase was 0.17%. His holdings were 208,590 shares as of 12/31/2010.

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 $232.98 billion; its shares were traded at around $27.25 with a P/E ratio of 11.6 and P/S ratio of 3.8. The dividend yield of Microsoft Corp. stocks is 2.3%. 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.

Added: Walmart Stores Inc. (WMT)

Tom Gayner added to his holdings in Walmart Stores Inc. by 5.79%. His purchase prices were between $53.25 and $55.36, with an estimated average price of $54.18. The impact to his portfolio due to this purchase was 0.16%. His holdings were 986,795 shares as of 12/31/2010.

Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores Inc. has a market cap of $200.74 billion; its shares were traded at around $55.69 with a P/E ratio of 14.4 and P/S ratio of 0.5. The dividend yield of Walmart Stores Inc. stocks is 2.1%. 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: Teva Pharmaceutical Industries Ltd. (TEVA)

Tom Gayner added to his holdings in Teva Pharmaceutical Industries Ltd. by 35.87%. His purchase prices were between $48.75 and $54.7, with an estimated average price of $51.74. The impact to his portfolio due to this purchase was 0.09%. His holdings were 121,600 shares as of 12/31/2010.

TEVA Pharmaceuticals USA, the business is to develop, manufacture, and market generic pharmaceuticals. Teva Pharmaceutical Industries Ltd. has a market cap of $48.39 billion; its shares were traded at around $51.04 with a P/E ratio of 12.2 and P/S ratio of 3.6. 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.

New Purchase: Enterprise Products Part. (EPD)

Tom Gayner initiated holdings in Enterprise Products Part.. His purchase prices were between $39.83 and $44.3, with an estimated average price of $41.78. The impact to his portfolio due to this purchase was 0.58%. His holdings were 249,800 shares as of 12/31/2010.

Enterprise Products Partners L.P. is a integrated provider of processing and transportation services to producers of Natural Gas Liquids (NGLs) and consumers of NGL products. Enterprise Products Part. has a market cap of $35.62 billion; its shares were traded at around $42.66 with a P/E ratio of 21.6 and P/S ratio of 1.4. The dividend yield of Enterprise Products Part. stocks is 5.5%. Enterprise Products Part. had an annual average earning growth of 3.5% over the past 10 years.

New Purchase: Abitibibowater (ABH)

Tom Gayner initiated holdings in Abitibibowater. His purchase prices were between $22.95 and $23.85, with an estimated average price of $23.55. The impact to his portfolio due to this purchase was 0.11%. His holdings were 85,392 shares as of 12/31/2010.

AbitibiBowater Inc is engaged in the production of newsprint and coated and specialty papers. Abitibibowater has a market cap of $1.63 billion; its shares were traded at around $29.49 .

New Purchase: Kimberlyclark Corp. (KMB)

Tom Gayner initiated holdings in Kimberlyclark Corp.. His purchase prices were between $61.29 and $66.86, with an estimated average price of $63.37. The impact to his portfolio due to this purchase was 0.04%. His holdings were 12,200 shares as of 12/31/2010.

Kimberly-Clark Corporation is one of the consumer products companies. Kimberlyclark Corp. has a market cap of $26.74 billion; its shares were traded at around $65.85 with a P/E ratio of 14 and P/S ratio of 1.3. The dividend yield of Kimberlyclark Corp. stocks is 4%. Kimberlyclark Corp. had an annual average earning growth of 3.4% over the past 10 years. GuruFocus rated Kimberlyclark Corp. the business predictability rank of 3.5-star.

New Purchase: The Western Union Company (WU)

Tom Gayner initiated holdings in The Western Union Company. His purchase prices were between $17.41 and $18.81, with an estimated average price of $18.09. The impact to his portfolio due to this purchase was 0.04%. His holdings were 40,000 shares as of 12/31/2010.

The Western Union Company is a provider of global money-transfer services. The Western Union Company has a market cap of $13.23 billion; its shares were traded at around $21.4 with a P/E ratio of 14.9 and P/S ratio of 2.6. The dividend yield of The Western Union Company stocks is 1.4%. The Western Union Company had an annual average earning growth of 3.2% over the past 5 years.

New Purchase: Clorox Company (CLX)

Tom Gayner initiated holdings in Clorox Company. His purchase prices were between $61.8 and $68.7, with an estimated average price of $64.43. The impact to his portfolio due to this purchase was 0.04%. His holdings were 12,000 shares as of 12/31/2010.

Clorox Company's business operations, represented by the aggregate of its U. Clorox Company has a market cap of $9.65 billion; its shares were traded at around $71.26 with a P/E ratio of 16.3 and P/S ratio of 1.7. The dividend yield of Clorox Company stocks is 3.2%. Clorox Company had an annual average earning growth of 11.6% over the past 10 years. GuruFocus rated Clorox Company the business predictability rank of 5-star.

New Purchase: Visa Inc. (V)

Tom Gayner initiated holdings in Visa Inc.. His purchase prices were between $66.9 and $80.89, with an estimated average price of $75.87. The impact to his portfolio due to this purchase was 0.02%. His holdings were 4,100 shares as of 12/31/2010.

VISA operates the world's largest retail electronic payments network and is one of the most recognized global financial services brands. Visa Inc. has a market cap of $59.61 billion; its shares were traded at around $74.93 with a P/E ratio of 18.5 and P/S ratio of 7.4. The dividend yield of Visa Inc. stocks is 0.8%.

Reduced: General Electric (GE)

Tom Gayner reduced to his holdings in General Electric by 31.9%. His sale prices were between $15.76 and $18.32, with an estimated average price of $16.73. The impact to his portfolio due to this sale was -1.19%. Tom Gayner still held 2,477,940 shares as of 12/31/2010.

General Electric is one of the largest and most diversified industrial corporations in the world. General Electric has a market cap of $223.29 billion; its shares were traded at around $21.33 with a P/E ratio of 18.1 and P/S ratio of 1.5. The dividend yield of General Electric stocks is 2.6%. General Electric had an annual average earning growth of 14.1% over the past 10 years. GuruFocus rated General Electric the business predictability rank of 4-star.

Reduced: Forest City Enterprises (FCE.A)

Tom Gayner reduced to his holdings in Forest City Enterprises by 41.14%. His sale prices were between $12.72 and $16.53, with an estimated average price of $15.03. The impact to his portfolio due to this sale was -0.01%. Tom Gayner still held 11,400 shares as of 12/31/2010.

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 has a market cap of $2.73 billion; its shares were traded at around $18.13 with a P/E ratio of 13.2 and P/S ratio of 2.1. Forest City Enterprises had an annual average earning growth of 1.8% over the past 10 years.

Sold Out: Prepaid Legal Services Inc. (PPD)

Tom Gayner sold out his holdings in Prepaid Legal Services Inc.. His sale prices were between $54.91 and $65.77, with an estimated average price of $61.08.

PRE-PAID LEGAL SERVICES, INC. underwrites and markets legal service plans which provide for or reimburse a portion of legal fees incurred by members in connection with specified matters. Prepaid Legal Services Inc. has a market cap of $592.6 million; its shares were traded at around $66.47 with a P/E ratio of 9.8 and P/S ratio of 1.3. Prepaid Legal Services Inc. had an annual average earning growth of 13.5% over the past 10 years. GuruFocus rated Prepaid Legal Services Inc. the business predictability rank of 3-star.

Sold Out: Comcast Corp. (CMCSA)

Tom Gayner sold out his holdings in Comcast Corp.. His sale prices were between $17.66 and $22.25, with an estimated average price of $20.33.

Comcast Corp., among the world's communication companies, provides basic cable, digital cable and high speed internet services that connect people to what's important in their lives. Comcast Corp. has a market cap of $65.72 billion; its shares were traded at around $23.9975 with a P/E ratio of 18.9 and P/S ratio of 1.8. The dividend yield of Comcast Corp. stocks is 1.6%. Comcast Corp. had an annual average earning growth of 14.9% over the past 10 years.

About the author:

gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

Rating: 1.9/5 (9 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK