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Markel’s Tom Gayner Buys Alliance Holdings, Moody's, Norfolk Southern, Sells Sysco, Vodafone

February 12, 2013 | About:
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GuruFocus

335 followers
As the CIO of Markel Corp, Tom Gayner has the luxury that most money managers don’t have: he never has to face redemption pressure. He certainly takes this advantage to almost its extreme, as he rarely sells stocks. With this buy and hold strategy, he has built great track record at Markel. To understand more about Mr. Gayner, read his interview with GuruFocus.

Tom Gayner buys Alliance Holdings, Moody's, Norfolk Southern, Nike, Peabody Energy Corporation, Hasbro, Inc., Procter & Gamble, Expeditors International of Washington, Inc., sells Union First Market Bankshares Corp, Sysco Corporation, Vodafone Group PLC during the 3-months ended 12/31/2012, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 12/31/2012, Markel Gayner Asset Management Corp owns 102 stocks with a total value of $2.4 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

These are the top 5 holdings of Tom Gayner

  1. CarMax, Inc. (KMX) - 5,142,773 shares, 8.0% of the total portfolio. Shares reduced by 0.21%
  2. Berkshire Hathaway Inc (BRK.A) - 1,103 shares, 6.2% of the total portfolio. Shares added by 1.66%
  3. Diageo PLC (DEO) - 1,234,393 shares, 6.0% of the total portfolio. Shares reduced by 0.18%
  4. Berkshire Hathaway Inc (BRK.B) - 1,560,882 shares, 5.8% of the total portfolio. Shares reduced by 0.12%
  5. Brookfield Asset Management Inc (BAM) - 3,080,764 shares, 4.7% of the total portfolio. Shares reduced by 0.07%


New Purchase: Bunge Ltd (BG)

Tom Gayner initiated holdings in Bunge Ltd. His purchase prices were between $67.78 and $73.82, with an estimated average price of $71.25. The impact to his portfolio due to this purchase was 0.03%. His holdings were 9,000 shares as of 12/31/2012. Bunge Limited is a limited liability company formed under the laws of Bermuda. Bunge Ltd has a market cap of $10.76 billion; its shares were traded at around $73.79 with a P/E ratio of 12.87 and P/S ratio of 0.1825. The dividend yield of Bunge Ltd stocks is 1.41%. Bunge Ltd had an annual average earnings growth of 1% over the past 10 years.

New Purchase: Arch Coal Inc (ACI)

Tom Gayner initiated holdings in Arch Coal Inc. His purchase prices were between $6.2 and $8.66, with an estimated average price of $7.29. The impact to his portfolio due to this purchase was 0.02%. His holdings were 56,000 shares as of 12/31/2012. Arch Coal, Inc. was organized in Delaware in 1969 as Arch Mineral Corporation. Arch Coal Inc has a market cap of $1.24 billion; its shares were traded at around $5.83 with a P/E ratio of 17.9 and P/S ratio of 0.2806. The dividend yield of Arch Coal Inc stocks is 3.42%. Arch Coal Inc had an annual average earnings growth of 10.4% over the past 10 years. GuruFocus rated Arch Coal Inc the business predictability rank of 3.5-star.

New Purchase: Resolute Forest Products Inc (RFP)

Tom Gayner initiated holdings in Resolute Forest Products Inc. His purchase prices were between $10.5 and $13.56, with an estimated average price of $12.12. The impact to his portfolio due to this purchase was 0.01%. His holdings were 15,375 shares as of 12/31/2012. Resolute Forest Products Inc is a Delaware Corporation. Resolute Forest Products Inc has a market cap of $1.29 billion; its shares were traded at around $13.41 with a P/E ratio of 46.729 and P/S ratio of 0.29.

Sold Out: Vodafone Group PLC (VOD)

Tom Gayner sold out his holdings in Vodafone Group PLC. His sale prices were between $25.01 and $29.14, with an estimated average price of $26.62. Vodafone Group PLC is a provider of mobile communications. Vodafone Group Plc has a market cap of $135.04 billion; its shares were traded at around $27.25 with and P/S ratio of 1.9231. The dividend yield of Vodafone Group Plc stocks is 5.51%. Vodafone Group Plc had an annual average earnings growth of 5.3% over the past 5 years.

Added: Alliance Holdings GP, L.P. (AHGP)

Tom Gayner added to his holdings in Alliance Holdings GP, L.P. by 104.29%. His purchase prices were between $44.2 and $51, with an estimated average price of $47.27. The impact to his portfolio due to this purchase was 0.17%. His holdings were 166,500 shares as of 12/31/2012. Alliance Holdings GP, L.P. is a Delaware limited partnership, which was formed to own and control Alliance Resource Management GP, LLC, the managing general partner of Alliance Resource Partners, L. Alliance Holdings Gp, L.p. has a market cap of $3.08 billion; its shares were traded at around $51.5 with a P/E ratio of 15.748 and P/S ratio of 1.5708. The dividend yield of Alliance Holdings Gp, L.p. stocks is 5.5%. Alliance Holdings Gp, L.p. had an annual average earnings growth of 23.9% over the past 5 years. GuruFocus rated Alliance Holdings Gp, L.p. the business predictability rank of 4-star.

Added: Moody's Corporation (MCO)

Tom Gayner added to his holdings in Moody's Corporation by 218%. His purchase prices were between $43.98 and $51.54, with an estimated average price of $47.21. The impact to his portfolio due to this purchase was 0.14%. His holdings were 95,400 shares as of 12/31/2012. Moody's Corp was founded in 1990. The Company is a provider of credit ratings, credit and economic related research, data and analytical tools, risk management software and quantitative credit risk measures, credit portfolio management solutions and training services. Moody's Corporation has a market cap of $10.14 billion; its shares were traded at around $45.43 with a P/E ratio of 16.4474 and P/S ratio of 4.0502. The dividend yield of Moody's Corporation stocks is 1.41%. Moody's Corporation had an annual average earnings growth of 7.2% over the past 10 years.

Added: Nike, Inc. (NKE)

Tom Gayner added to his holdings in Nike, Inc. by 103.38%. His purchase prices were between $45.3 and $52.8, with an estimated average price of $48.15. The impact to his portfolio due to this purchase was 0.13%. His holdings were 120,400 shares as of 12/31/2012. Nike, Inc. was incorporated in 1968 under the laws of the state of Oregon. Nike, Inc. has a market cap of $44.5 billion; its shares were traded at around $55.22 with a P/E ratio of 24.8756 and P/S ratio of 2.0387. The dividend yield of Nike, Inc. stocks is 1.36%. Nike, Inc. had an annual average earnings growth of 9.6% over the past 10 years. GuruFocus rated Nike, Inc. the business predictability rank of 4.5-star.

Added: Norfolk Southern Corporation (NSC)

Tom Gayner added to his holdings in Norfolk Southern Corporation by 236.92%. His purchase prices were between $56.34 and $67.71, with an estimated average price of $62. The impact to his portfolio due to this purchase was 0.13%. His holdings were 72,100 shares as of 12/31/2012. Norfolk Southern Corporation was incorporated on July 23, 1980, under the laws of the Commonwealth of Virginia. Norfolk Southern Corporation has a market cap of $22.3 billion; its shares were traded at around $70.6 with a P/E ratio of 12.6422 and P/S ratio of 2.0585. The dividend yield of Norfolk Southern Corporation stocks is 2.79%. Norfolk Southern Corporation had an annual average earnings growth of 11.2% over the past 10 years. GuruFocus rated Norfolk Southern Corporation the business predictability rank of 3-star.

Added: Hasbro, Inc. (HAS)

Tom Gayner added to his holdings in Hasbro, Inc. by 26.25%. His purchase prices were between $35.31 and $39.3, with an estimated average price of $37.29. The impact to his portfolio due to this purchase was 0.05%. His holdings were 151,500 shares as of 12/31/2012. Hasbro, Inc. is a Rhode Island corporation, which was organized on January 8, 1926. Hasbro, Inc. has a market cap of $5.16 billion; its shares were traded at around $39.6 with a P/E ratio of 15.1976 and P/S ratio of 1.2666. The dividend yield of Hasbro, Inc. stocks is 3.63%. Hasbro, Inc. had an annual average earnings growth of 11.5% over the past 10 years. GuruFocus rated Hasbro, Inc. the business predictability rank of 2.5-star.

Added: Peabody Energy Corporation (BTU)

Tom Gayner added to his holdings in Peabody Energy Corporation by 33.33%. His purchase prices were between $21.81 and $29.28, with an estimated average price of $26.04. The impact to his portfolio due to this purchase was 0.05%. His holdings were 180,000 shares as of 12/31/2012. Peabody Energy Corporation was incorporated in Delaware in 1998 and became a public company in 2001. Peabody Energy Corporation has a market cap of $6.32 billion; its shares were traded at around $23.53 with a P/E ratio of 8.3333 and P/S ratio of 0.7572. The dividend yield of Peabody Energy Corporation stocks is 1.44%. Peabody Energy Corporation had an annual average earnings growth of 18.1% over the past 10 years. GuruFocus rated Peabody Energy Corporation the business predictability rank of 2.5-star.

Added: Natural Resources Partners L.P. (NRP)

Tom Gayner added to his holdings in Natural Resources Partners L.P. by 84.36%. His purchase prices were between $17.14 and $22.42, with an estimated average price of $19.56. The impact to his portfolio due to this purchase was 0.04%. His holdings were 101,400 shares as of 12/31/2012. Natural Resource Partners L.P. is a limited partnership formed in April 2002, and it completed its initial public offering in October 2002. Natural Resources Partners L.p. has a market cap of $2.36 billion; its shares were traded at around $22.28 with a P/E ratio of 17.6991 and P/S ratio of 6.3898. The dividend yield of Natural Resources Partners L.p. stocks is 9.87%. Natural Resources Partners L.p. had an annual average earnings growth of 6.8% over the past 10 years.

Added: Procter & Gamble Co (PG)

Tom Gayner added to his holdings in Procter & Gamble Co by 79.17%. His purchase prices were between $66.32 and $70.76, with an estimated average price of $68.83. The impact to his portfolio due to this purchase was 0.04%. His holdings were 34,400 shares as of 12/31/2012. Procter & Gamble Co was incorporated in Ohio in 1905, having been built from a business founded in 1837. Procter & Gamble Co has a market cap of $207.09 billion; its shares were traded at around $75.85 with a P/E ratio of 19.4553 and P/S ratio of 2.6667. The dividend yield of Procter & Gamble Co stocks is 2.97%. Procter & Gamble Co had an annual average earnings growth of 5.7% over the past 10 years. GuruFocus rated Procter & Gamble Co the business predictability rank of 1-star.

Added: Expeditors International of Washington, Inc. (EXPD)

Tom Gayner added to his holdings in Expeditors International of Washington, Inc. by 23.15%. His purchase prices were between $34.36 and $39.9, with an estimated average price of $36.91. The impact to his portfolio due to this purchase was 0.04%. His holdings were 133,000 shares as of 12/31/2012. Expeditors International of Washington, Inc. was incorporated in the state of Washington in 1979 and began operations in 1981 by coordinating airfreight shipments from Asia to the U. Expeditors International Of Washington, Inc. has a market cap of $8.99 billion; its shares were traded at around $43.01 with a P/E ratio of 26.8097 and P/S ratio of 1.5408. The dividend yield of Expeditors International Of Washington, Inc. stocks is 1.3%. Expeditors International Of Washington, Inc. had an annual average earnings growth of 14% over the past 10 years. GuruFocus rated Expeditors International Of Washington, Inc. the business predictability rank of 3-star.

Added: Calamos Asset Management, Inc. (CLMS)

Tom Gayner added to his holdings in Calamos Asset Management, Inc. by 76.92%. His purchase prices were between $9.31 and $11.75, with an estimated average price of $10.3. The impact to his portfolio due to this purchase was 0.04%. His holdings were 230,000 shares as of 12/31/2012. Calamos Asset Management, Inc. together with its subsidiaries, mainly provides investment advisory services to individuals and institutional investors through open-end funds, closed-end funds, separate accounts, offshore funds and partnerships. Calamos Asset Management, Inc. has a market cap of $214.462 million; its shares were traded at around $10.56 with a P/E ratio of 16.1031 and P/S ratio of 0.6557. The dividend yield of Calamos Asset Management, Inc. stocks is 3.9%.

Added: Mattel, Inc. (MAT)

Tom Gayner added to his holdings in Mattel, Inc. by 34.67%. His purchase prices were between $35.11 and $37.79, with an estimated average price of $36.49. The impact to his portfolio due to this purchase was 0.04%. His holdings were 101,000 shares as of 12/31/2012. Mattel, Inc. was incorporated in California in 1948 and reincorporated in Delaware in 1968. Mattel, Inc. has a market cap of $13.82 billion; its shares were traded at around $40.29 with a P/E ratio of 16.5289 and P/S ratio of 2.1983. The dividend yield of Mattel, Inc. stocks is 3.08%. Mattel, Inc. had an annual average earnings growth of 4.4% over the past 10 years. GuruFocus rated Mattel, Inc. the business predictability rank of 2.5-star.

Added: Consol Energy Inc (CNX)

Tom Gayner added to his holdings in Consol Energy Inc by 100%. His purchase prices were between $29.71 and $36.6, with an estimated average price of $33.32. The impact to his portfolio due to this purchase was 0.02%. His holdings were 30,000 shares as of 12/31/2012. Consol Energy Inc. was incorporated in Delaware. The Company is a multi-fuel energy producer and energy services provider that mainly serves the electric power generation industry in the United States. Consol Energy Inc has a market cap of $7.48 billion; its shares were traded at around $32.93 with a P/E ratio of 19.2678 and P/S ratio of 1.3827. The dividend yield of Consol Energy Inc stocks is 1.53%. Consol Energy Inc had an annual average earnings growth of 12% over the past 10 years. GuruFocus rated Consol Energy Inc the business predictability rank of 2-star.

Added: Alpha Natural Resources Inc (ANR)

Tom Gayner added to his holdings in Alpha Natural Resources Inc by 30.38%. His purchase prices were between $6.3 and $9.89, with an estimated average price of $8.25. The impact to his portfolio due to this purchase was 0.02%. His holdings were 242,500 shares as of 12/31/2012. Alpha Natural Resources, Inc. was formerly known as Foundation Coal Holdings, Inc. Alpha Natural Resources Inc has a market cap of $1.82 billion; its shares were traded at around $8.25 with and P/S ratio of 0.2424.

Reduced: Union First Market Bankshares Corp (UBSH)

Tom Gayner reduced to his holdings in Union First Market Bankshares Corp by 25.12%. His sale prices were between $14.41 and $15.87, with an estimated average price of $15.32. The impact to his portfolio due to this sale was -0.58%. Tom Gayner still held 2,624,481 shares as of 12/31/2012. Union First Market Bankshares Corp is a bank holding company organized under Virginia law and registered under the Bank Holding Company Act of 1956. Union First Market Bankshares Corp has a market cap of $464.781 million; its shares were traded at around $17.82 with a P/E ratio of 13.986 and P/S ratio of 2.2437. The dividend yield of Union First Market Bankshares Corp stocks is 2.07%.

Reduced: Sysco Corporation (SYY)

Tom Gayner reduced to his holdings in Sysco Corporation by 24.64%. His sale prices were between $29.89 and $32.39, with an estimated average price of $31.22. The impact to his portfolio due to this sale was -0.25%. Tom Gayner still held 571,408 shares as of 12/31/2012. Sysco Corporation was organized under the laws of Delaware. Sysco Corporation has a market cap of $18.49 billion; its shares were traded at around $31.58 with a P/E ratio of 17.2712 and P/S ratio of 0.4279. The dividend yield of Sysco Corporation stocks is 3.45%. Sysco Corporation had an annual average earnings growth of 5.6% over the past 10 years. GuruFocus rated Sysco Corporation the business predictability rank of 3.5-star.

Here is the complete portfolio of Tom Gayner. Also check out:

1. Tom Gayner's Undervalued Stocks

2. Tom Gayner's Top Growth Companies, and

3. Tom Gayner's High Yield stocks


Rating: 4.3/5 (7 votes)

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