Renowned value investor Tom Gayner just reported his second quarter portfolio. Mr. Gayner is the CIO of insurer Markel Corp (MKL, Financial), manages the company’s investment portfolio. To understand more how Tom Gayner invests, please read Tom Gayner's Interview with GuruFocus.
Tom Gayner buys UnitedHealth Group Inc, Synalloy Corporation, Liberty Media Corporation, Chevron Corp, National Oilwell Varco, Inc., Google, Inc etc. during the 3-months ended 06/30/2013, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 06/30/2013, Markel Gayner Asset Management Corp owns 107 stocks with a total value of $2.8 billion. These are the details of the buys and sells.
This is the sector weightings of his portfolio:
These are the top 5 holdings of Tom Gayner
1. CarMax, Inc. (KMX) - 5,109,271 shares, 8.4% of the total portfolio. Shares reduced by 0.23%
2. Berkshire Hathaway Inc (BRK.A) - 1,099 shares, 6.6% of the total portfolio. Shares reduced by 0.18%
3. Berkshire Hathaway Inc (BRK.B) - 1,550,195 shares, 6.2% of the total portfolio. Shares reduced by 0.17%
4. Diageo PLC (DEO) - 1,228,875 shares, 5.1% of the total portfolio. Shares reduced by 0.16%
5. Brookfield Asset Management Inc (BAM) - 3,116,419 shares, 4.0% of the total portfolio. Shares added by 1.65%
New Purchase: Synalloy Corporation (SYNL, Financial)
Tom Gayner initiated holdings in Synalloy Corporation. His purchase prices were between $13.36 and $16, with an estimated average price of $14.21. The impact to his portfolio due to this purchase was 0.27%. His holdings were 485,343 shares as of 06/30/2013.
New Purchase: Chevron Corp (CVX, Financial)
Tom Gayner initiated holdings in Chevron Corp. His purchase prices were between $114.81 and $126.43, with an estimated average price of $120.86. The impact to his portfolio due to this purchase was 0.18%. His holdings were 43,000 shares as of 06/30/2013.
New Purchase: Brookfield Property Partners LP (BPY, Financial)
Tom Gayner initiated holdings in Brookfield Property Partners LP. His purchase prices were between $19.57 and $23.64, with an estimated average price of $21.67. The impact to his portfolio due to this purchase was 0.13%. His holdings were 175,122 shares as of 06/30/2013.
New Purchase: ONEOK, Inc. (OKE, Financial)
Tom Gayner initiated holdings in ONEOK, Inc.. His purchase prices were between $41.16 and $52.13, with an estimated average price of $46.98. The impact to his portfolio due to this purchase was 0.1%. His holdings were 70,000 shares as of 06/30/2013.
New Purchase: Blackstone Group LP (BX, Financial)
Tom Gayner initiated holdings in Blackstone Group LP. His purchase prices were between $19.1 and $23.45, with an estimated average price of $21.2. The impact to his portfolio due to this purchase was 0.09%. His holdings were 116,900 shares as of 06/30/2013.
New Purchase: BlackRock Inc (BLK, Financial)
Tom Gayner initiated holdings in BlackRock Inc. His purchase prices were between $245.3 and $291.69, with an estimated average price of $267.9. The impact to his portfolio due to this purchase was 0.08%. His holdings were 9,100 shares as of 06/30/2013.
New Purchase: KKR & Co LP (KKR, Financial)
Tom Gayner initiated holdings in KKR & Co LP. His purchase prices were between $17.8 and $21.15, with an estimated average price of $19.85. The impact to his portfolio due to this purchase was 0.08%. His holdings were 115,000 shares as of 06/30/2013.
New Purchase: Eni SpA (E, Financial)
Tom Gayner initiated holdings in Eni SpA. His purchase prices were between $40.39 and $48.96, with an estimated average price of $45.85. The impact to his portfolio due to this purchase was 0.04%. His holdings were 30,000 shares as of 06/30/2013.
New Purchase: Ross Stores, Inc. (ROST, Financial)
Tom Gayner initiated holdings in Ross Stores, Inc.. His purchase prices were between $59.26 and $66.5, with an estimated average price of $64.05. The impact to his portfolio due to this purchase was 0.04%. His holdings were 18,000 shares as of 06/30/2013.
New Purchase: Carlyle Group LP (CG, Financial)
Tom Gayner initiated holdings in Carlyle Group LP. His purchase prices were between $24.19 and $32.87, with an estimated average price of $29.56. The impact to his portfolio due to this purchase was 0.02%. His holdings were 20,000 shares as of 06/30/2013.
Sold Out: EOG Resources (EOG)
Tom Gayner sold out his holdings in EOG Resources. His sale prices were between $113.44 and $137.9, with an estimated average price of $128.22.
Sold Out: State Street Corp (STT)
Tom Gayner sold out his holdings in State Street Corp. His sale prices were between $56.51 and $67.44, with an estimated average price of $62.2.
Sold Out: Bunge Ltd (BG)
Tom Gayner sold out his holdings in Bunge Ltd. His sale prices were between $66.4 and $73.51, with an estimated average price of $70.39.
Added: UnitedHealth Group Inc (UNH)
Tom Gayner added to his holdings in UnitedHealth Group Inc by 45.25%. His purchase prices were between $58.54 and $66.09, with an estimated average price of $62.22. The impact to his portfolio due to this purchase was 0.4%. His holdings were 569,800 shares as of 06/30/2013.
Added: Liberty Media Corporation (LMCA)
Tom Gayner added to his holdings in Liberty Media Corporation by 102.38%. His purchase prices were between $108.75 and $130.01, with an estimated average price of $119.32. The impact to his portfolio due to this purchase was 0.2%. His holdings were 85,000 shares as of 06/30/2013.
Added: National Oilwell Varco, Inc. (NOV)
Tom Gayner added to his holdings in National Oilwell Varco, Inc. by 40.44%. His purchase prices were between $64.14 and $71.57, with an estimated average price of $68.35. The impact to his portfolio due to this purchase was 0.14%. His holdings were 191,000 shares as of 06/30/2013.
Added: Google, Inc. (GOOG)
Tom Gayner added to his holdings in Google, Inc. by 86%. His purchase prices were between $765.914 and $915.89, with an estimated average price of $849.25. The impact to his portfolio due to this purchase was 0.13%. His holdings were 9,300 shares as of 06/30/2013.
Added: WellPoint Inc (WLP)
Tom Gayner added to his holdings in WellPoint Inc by 56%. His purchase prices were between $67.18 and $81.84, with an estimated average price of $74.84. The impact to his portfolio due to this purchase was 0.08%. His holdings were 78,000 shares as of 06/30/2013.
Added: Arch Coal Inc (ACI)
Tom Gayner added to his holdings in Arch Coal Inc by 607.14%. His purchase prices were between $3.6 and $5.6, with an estimated average price of $4.85. The impact to his portfolio due to this purchase was 0.05%. His holdings were 396,000 shares as of 06/30/2013.
Added: Amazon.com Inc (AMZN)
Tom Gayner added to his holdings in Amazon.com Inc by 96.36%. His purchase prices were between $248.23 and $281.76, with an estimated average price of $266.4. The impact to his portfolio due to this purchase was 0.05%. His holdings were 10,800 shares as of 06/30/2013.
Added: Peabody Energy Corporation (BTU)
Tom Gayner added to his holdings in Peabody Energy Corporation by 44.44%. His purchase prices were between $14.54 and $21.17, with an estimated average price of $19.16. The impact to his portfolio due to this purchase was 0.04%. His holdings were 260,000 shares as of 06/30/2013.
Added: FactSet Research Systems, Inc. (FDS)
Tom Gayner added to his holdings in FactSet Research Systems, Inc. by 20.69%. His purchase prices were between $89.41 and $103.76, with an estimated average price of $95.97. The impact to his portfolio due to this purchase was 0.02%. His holdings were 35,000 shares as of 06/30/2013.
Added: Core Laboratories N.V. (CLB)
Tom Gayner added to his holdings in Core Laboratories N.V. by 200%. His purchase prices were between $126.24 and $153.63, with an estimated average price of $141.69. The impact to his portfolio due to this purchase was 0.02%. His holdings were 6,000 shares as of 06/30/2013.
Reduced: Sysco Corporation (SYY)
Tom Gayner reduced to his holdings in Sysco Corporation by 92.56%. His sale prices were between $33.35 and $35.24, with an estimated average price of $34.43. The impact to his portfolio due to this sale was -0.38%. Tom Gayner still held 23,382 shares as of 06/30/2013.
Reduced: Union First Market Bankshares Corp (UBSH)
Tom Gayner reduced to his holdings in Union First Market Bankshares Corp by 12.64%. His sale prices were between $18.24 and $20.59, with an estimated average price of $19.52. The impact to his portfolio due to this sale was -0.18%. Tom Gayner still held 1,658,339 shares as of 06/30/2013.
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
4. Stocks that Tom Gayner keeps buying
Tom Gayner buys UnitedHealth Group Inc, Synalloy Corporation, Liberty Media Corporation, Chevron Corp, National Oilwell Varco, Inc., Google, Inc etc. during the 3-months ended 06/30/2013, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. As of 06/30/2013, Markel Gayner Asset Management Corp owns 107 stocks with a total value of $2.8 billion. These are the details of the buys and sells.
- New Purchases: SYNL, CVX, BPY, OKE, BX, KKR, BLK, ROST, E, CG,
- Added Positions: UNH, LMCA, NOV, GOOG, WLP, AMZN, ACI, BTU, FDS, CLB,
- Reduced Positions: SYY, UBSH,
- Sold Out: EOG, STT, BG,
This is the sector weightings of his portfolio:
| Financial Services | 28.2% |
| Consumer Cyclical | 19% |
| Consumer Defensive | 17.1% |
| Industrials | 12.9% |
| Real Estate | 6.3% |
| Healthcare | 5.7% |
| Energy | 4.5% |
| Technology | 3.8% |
| Basic Materials | 1.9% |
These are the top 5 holdings of Tom Gayner
1. CarMax, Inc. (KMX) - 5,109,271 shares, 8.4% of the total portfolio. Shares reduced by 0.23%
2. Berkshire Hathaway Inc (BRK.A) - 1,099 shares, 6.6% of the total portfolio. Shares reduced by 0.18%
3. Berkshire Hathaway Inc (BRK.B) - 1,550,195 shares, 6.2% of the total portfolio. Shares reduced by 0.17%
4. Diageo PLC (DEO) - 1,228,875 shares, 5.1% of the total portfolio. Shares reduced by 0.16%
5. Brookfield Asset Management Inc (BAM) - 3,116,419 shares, 4.0% of the total portfolio. Shares added by 1.65%
New Purchase: Synalloy Corporation (SYNL, Financial)
Tom Gayner initiated holdings in Synalloy Corporation. His purchase prices were between $13.36 and $16, with an estimated average price of $14.21. The impact to his portfolio due to this purchase was 0.27%. His holdings were 485,343 shares as of 06/30/2013.
New Purchase: Chevron Corp (CVX, Financial)
Tom Gayner initiated holdings in Chevron Corp. His purchase prices were between $114.81 and $126.43, with an estimated average price of $120.86. The impact to his portfolio due to this purchase was 0.18%. His holdings were 43,000 shares as of 06/30/2013.
New Purchase: Brookfield Property Partners LP (BPY, Financial)
Tom Gayner initiated holdings in Brookfield Property Partners LP. His purchase prices were between $19.57 and $23.64, with an estimated average price of $21.67. The impact to his portfolio due to this purchase was 0.13%. His holdings were 175,122 shares as of 06/30/2013.
New Purchase: ONEOK, Inc. (OKE, Financial)
Tom Gayner initiated holdings in ONEOK, Inc.. His purchase prices were between $41.16 and $52.13, with an estimated average price of $46.98. The impact to his portfolio due to this purchase was 0.1%. His holdings were 70,000 shares as of 06/30/2013.
New Purchase: Blackstone Group LP (BX, Financial)
Tom Gayner initiated holdings in Blackstone Group LP. His purchase prices were between $19.1 and $23.45, with an estimated average price of $21.2. The impact to his portfolio due to this purchase was 0.09%. His holdings were 116,900 shares as of 06/30/2013.
New Purchase: BlackRock Inc (BLK, Financial)
Tom Gayner initiated holdings in BlackRock Inc. His purchase prices were between $245.3 and $291.69, with an estimated average price of $267.9. The impact to his portfolio due to this purchase was 0.08%. His holdings were 9,100 shares as of 06/30/2013.
New Purchase: KKR & Co LP (KKR, Financial)
Tom Gayner initiated holdings in KKR & Co LP. His purchase prices were between $17.8 and $21.15, with an estimated average price of $19.85. The impact to his portfolio due to this purchase was 0.08%. His holdings were 115,000 shares as of 06/30/2013.
New Purchase: Eni SpA (E, Financial)
Tom Gayner initiated holdings in Eni SpA. His purchase prices were between $40.39 and $48.96, with an estimated average price of $45.85. The impact to his portfolio due to this purchase was 0.04%. His holdings were 30,000 shares as of 06/30/2013.
New Purchase: Ross Stores, Inc. (ROST, Financial)
Tom Gayner initiated holdings in Ross Stores, Inc.. His purchase prices were between $59.26 and $66.5, with an estimated average price of $64.05. The impact to his portfolio due to this purchase was 0.04%. His holdings were 18,000 shares as of 06/30/2013.
New Purchase: Carlyle Group LP (CG, Financial)
Tom Gayner initiated holdings in Carlyle Group LP. His purchase prices were between $24.19 and $32.87, with an estimated average price of $29.56. The impact to his portfolio due to this purchase was 0.02%. His holdings were 20,000 shares as of 06/30/2013.
Sold Out: EOG Resources (EOG)
Tom Gayner sold out his holdings in EOG Resources. His sale prices were between $113.44 and $137.9, with an estimated average price of $128.22.
Sold Out: State Street Corp (STT)
Tom Gayner sold out his holdings in State Street Corp. His sale prices were between $56.51 and $67.44, with an estimated average price of $62.2.
Sold Out: Bunge Ltd (BG)
Tom Gayner sold out his holdings in Bunge Ltd. His sale prices were between $66.4 and $73.51, with an estimated average price of $70.39.
Added: UnitedHealth Group Inc (UNH)
Tom Gayner added to his holdings in UnitedHealth Group Inc by 45.25%. His purchase prices were between $58.54 and $66.09, with an estimated average price of $62.22. The impact to his portfolio due to this purchase was 0.4%. His holdings were 569,800 shares as of 06/30/2013.
Added: Liberty Media Corporation (LMCA)
Tom Gayner added to his holdings in Liberty Media Corporation by 102.38%. His purchase prices were between $108.75 and $130.01, with an estimated average price of $119.32. The impact to his portfolio due to this purchase was 0.2%. His holdings were 85,000 shares as of 06/30/2013.
Added: National Oilwell Varco, Inc. (NOV)
Tom Gayner added to his holdings in National Oilwell Varco, Inc. by 40.44%. His purchase prices were between $64.14 and $71.57, with an estimated average price of $68.35. The impact to his portfolio due to this purchase was 0.14%. His holdings were 191,000 shares as of 06/30/2013.
Added: Google, Inc. (GOOG)
Tom Gayner added to his holdings in Google, Inc. by 86%. His purchase prices were between $765.914 and $915.89, with an estimated average price of $849.25. The impact to his portfolio due to this purchase was 0.13%. His holdings were 9,300 shares as of 06/30/2013.
Added: WellPoint Inc (WLP)
Tom Gayner added to his holdings in WellPoint Inc by 56%. His purchase prices were between $67.18 and $81.84, with an estimated average price of $74.84. The impact to his portfolio due to this purchase was 0.08%. His holdings were 78,000 shares as of 06/30/2013.
Added: Arch Coal Inc (ACI)
Tom Gayner added to his holdings in Arch Coal Inc by 607.14%. His purchase prices were between $3.6 and $5.6, with an estimated average price of $4.85. The impact to his portfolio due to this purchase was 0.05%. His holdings were 396,000 shares as of 06/30/2013.
Added: Amazon.com Inc (AMZN)
Tom Gayner added to his holdings in Amazon.com Inc by 96.36%. His purchase prices were between $248.23 and $281.76, with an estimated average price of $266.4. The impact to his portfolio due to this purchase was 0.05%. His holdings were 10,800 shares as of 06/30/2013.
Added: Peabody Energy Corporation (BTU)
Tom Gayner added to his holdings in Peabody Energy Corporation by 44.44%. His purchase prices were between $14.54 and $21.17, with an estimated average price of $19.16. The impact to his portfolio due to this purchase was 0.04%. His holdings were 260,000 shares as of 06/30/2013.
Added: FactSet Research Systems, Inc. (FDS)
Tom Gayner added to his holdings in FactSet Research Systems, Inc. by 20.69%. His purchase prices were between $89.41 and $103.76, with an estimated average price of $95.97. The impact to his portfolio due to this purchase was 0.02%. His holdings were 35,000 shares as of 06/30/2013.
Added: Core Laboratories N.V. (CLB)
Tom Gayner added to his holdings in Core Laboratories N.V. by 200%. His purchase prices were between $126.24 and $153.63, with an estimated average price of $141.69. The impact to his portfolio due to this purchase was 0.02%. His holdings were 6,000 shares as of 06/30/2013.
Reduced: Sysco Corporation (SYY)
Tom Gayner reduced to his holdings in Sysco Corporation by 92.56%. His sale prices were between $33.35 and $35.24, with an estimated average price of $34.43. The impact to his portfolio due to this sale was -0.38%. Tom Gayner still held 23,382 shares as of 06/30/2013.
Reduced: Union First Market Bankshares Corp (UBSH)
Tom Gayner reduced to his holdings in Union First Market Bankshares Corp by 12.64%. His sale prices were between $18.24 and $20.59, with an estimated average price of $19.52. The impact to his portfolio due to this sale was -0.18%. Tom Gayner still held 1,658,339 shares as of 06/30/2013.
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
4. Stocks that Tom Gayner keeps buying
