Tom Gayner Buys BlackRock, Mosaic, Potash Corporation of Saskatchewan, Sells CarMax, Leucadia

Author's Avatar
Nov 14, 2013
Article's Main Image
Renowned value investor Tom Gayner just reported his second quarter portfolio. Mr. Gayner is the CIO of insurer Markel Corp (MKL), manages the company’s investment portfolio. To understand more how Tom Gayner invests, please read Tom Gayner's Interview with GuruFocus .

Tom Gayner buys BlackRock Inc, Mosaic Co, Synalloy Corporation, Eni SpA, Chevron Corp, Liberty Media Corporation, Blackstone Group LP, Carlyle Group LP, Apollo Global Management LLC, KKR & Co LP, Google, Inc., Potash Corporation of Saskatchewan, Inc., Apollo Group Inc, ONEOK, Inc., Amazon.com Inc, Core Laboratories N.V., Copart, Inc., Ross Stores, Inc., sells Union First Market Bankshares Corp, Plum Creek Timber Co Inc, Leucadia National Corporation, CarMax, Inc., Sysco Corporation, Fidelity National Financial Inc., Washington REIT during the 3-months ended 09/30/2013, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp.

As of 09/30/2013, Markel Gayner Asset Management Corp owns 107 stocks with a total value of $2.9 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:

Financial Services27.1%
Consumer Cyclical18.6%
Consumer Defensive17.7%
Industrials12.9%
Real Estate6.2%
Healthcare5.7%
Energy5.2%
Technology3.9%
Basic Materials1.8%


These are the top 5 holdings of Tom Gayner

1. CarMax, Inc. (KMX) - 5,034,519 shares, 8.4% of the total portfolio. Shares reduced by 1.46%

2. Berkshire Hathaway Inc (BRK.A) - 1,094 shares, 6.4% of the total portfolio. Shares reduced by 0.45%

3. Berkshire Hathaway Inc (BRK.B) - 1,531,357 shares, 6.0% of the total portfolio. Shares reduced by 1.22%

4. Diageo PLC (DEO) - 1,212,525 shares, 5.3% of the total portfolio. Shares reduced by 1.33%

5. Brookfield Asset Management Inc (BAM) - 3,165,536 shares, 4.1% of the total portfolio. Shares added by 1.58%


New Purchase: Mosaic Co (MOS, Financial)

Tom Gayner initiated holdings in Mosaic Co. His purchase prices were between $40.68 and $56.85, with an estimated average price of $46.5. The impact to his portfolio due to this purchase was 0.22%. His holdings were 150,000 shares as of 09/30/2013. Mosaic Co has a market cap of $20.53 billion; its shares were traded at around $48.20 with a P/E ratio of 10.70 and P/S ratio of 2.06. The dividend yield of Mosaic Co stocks is 2.07%. Mosaic Co had an annual average earnings growth of 20.90% over the past 10 years.

New Purchase: Apollo Global Management LLC (APO)

Tom Gayner initiated holdings in Apollo Global Management LLC. His purchase prices were between $23.01 and $29.78, with an estimated average price of $26.86. The impact to his portfolio due to this purchase was 0.1%. His holdings were 100,300 shares as of 09/30/2013. Apollo Global Management Llc has a market cap of $4.3 billion; its shares were traded at around $29.93 with a P/E ratio of 8.00 and P/S ratio of 1.01. The dividend yield of Apollo Global Management Llc stocks is 0.94%.

New Purchase: Apollo Group Inc (APOL)

Tom Gayner initiated holdings in Apollo Group Inc. His purchase prices were between $17.53 and $21.409, with an estimated average price of $19.32. The impact to his portfolio due to this purchase was 0.08%. His holdings were 105,000 shares as of 09/30/2013. Apollo Group Inc has a market cap of $2.98 billion; its shares were traded at around $26.30 with a P/E ratio of 12.00 and P/S ratio of 0.81. Apollo Group Inc had an annual average earnings growth of 9.70% over the past 10 years.

New Purchase: Potash Corporation of Saskatchewan, Inc. (POT, Financial)

Tom Gayner initiated holdings in Potash Corporation of Saskatchewan, Inc.. His purchase prices were between $28.91 and $39.86, with an estimated average price of $33.11. The impact to his portfolio due to this purchase was 0.08%. His holdings were 70,000 shares as of 09/30/2013. Potash Corporation Of Saskatchewan, Inc. has a market cap of $28.02 billion; its shares were traded at around $32.47 with a P/E ratio of 14.30 and P/S ratio of 3.84. The dividend yield of Potash Corporation Of Saskatchewan, Inc. stocks is 3.66%. Potash Corporation Of Saskatchewan, Inc. had an annual average earnings growth of 35.00% over the past 10 years. GuruFocus rated Potash Corporation Of Saskatchewan, Inc. the business predictability rank of 3-star.

New Purchase: Copart, Inc. (CPRT)

Tom Gayner initiated holdings in Copart, Inc.. His purchase prices were between $30.99 and $34.34, with an estimated average price of $32.59. The impact to his portfolio due to this purchase was 0.01%. His holdings were 10,000 shares as of 09/30/2013. Copart, Inc. has a market cap of $3.97 billion; its shares were traded at around $31.72 with a P/E ratio of 22.70 and P/S ratio of 3.92. Copart, Inc. had an annual average earnings growth of 13.30% over the past 10 years. GuruFocus rated Copart, Inc. the business predictability rank of 5-star.

Sold Out: Union First Market Bankshares Corp (UBSH)

Tom Gayner sold out his holdings in Union First Market Bankshares Corp. His sale prices were between $20.81 and $23.32, with an estimated average price of $22.23. Union First Market Bankshares Corp has a market cap of $613.128 million; its shares were traded at around $24.60 with a P/E ratio of 17.40 and P/S ratio of 3.19. The dividend yield of Union First Market Bankshares Corp stocks is 2.20%. Union First Market Bankshares Corp had an annual average earnings growth of 11.30% over the past 5 years.

Sold Out: Plum Creek Timber Co Inc (PCL)

Tom Gayner sold out his holdings in Plum Creek Timber Co Inc. His sale prices were between $43.72 and $49.74, with an estimated average price of $46.85. Plum Creek Timber Co Inc has a market cap of $7.71 billion; its shares were traded at around $43.55 with a P/E ratio of 28.00 and P/S ratio of 5.21. The dividend yield of Plum Creek Timber Co Inc stocks is 3.99%.

Sold Out: Fidelity National Financial Inc. (FNF)

Tom Gayner sold out his holdings in Fidelity National Financial Inc.. His sale prices were between $23.35 and $26.66, with an estimated average price of $24.67. Fidelity National Financial Inc. has a market cap of $6.77 billion; its shares were traded at around $27.41 with a P/E ratio of 13.10 and P/S ratio of 0.72. The dividend yield of Fidelity National Financial Inc. stocks is 2.33%.

Sold Out: Washington REIT (WRE)

Tom Gayner sold out his holdings in Washington REIT. His sale prices were between $24.07 and $28.53, with an estimated average price of $25.97. Washington Reit has a market cap of $1.65 billion; its shares were traded at around $24.77 with a P/E ratio of 76.20 and P/S ratio of 5.29. The dividend yield of Washington Reit stocks is 4.84%. Washington Reit had an annual average earnings growth of 10.50% over the past 10 years.

Added: BlackRock Inc (BLK, Financial)

Tom Gayner added to his holdings in BlackRock Inc by 265.93%. His purchase prices were between $255.26 and $286.62, with an estimated average price of $271.93. The impact to his portfolio due to this purchase was 0.23%. His holdings were 33,300 shares as of 09/30/2013. Blackrock Inc has a market cap of $49.91 billion; its shares were traded at around $298.68 with a P/E ratio of 18.70 and P/S ratio of 5.24. The dividend yield of Blackrock Inc stocks is 2.19%. Blackrock Inc had an annual average earnings growth of 24.60% over the past 10 years. GuruFocus rated Blackrock Inc the business predictability rank of 3-star.

Added: Synalloy Corporation (SYNL)

Tom Gayner added to his holdings in Synalloy Corporation by 61.81%. His purchase prices were between $15.21 and $16.8, with an estimated average price of $15.99. The impact to his portfolio due to this purchase was 0.17%. His holdings were 785,343 shares as of 09/30/2013. Synalloy Corporation has a market cap of $140.569 million; its shares were traded at around $16.04 with a P/E ratio of 17.50 and P/S ratio of 0.47. The dividend yield of Synalloy Corporation stocks is 1.55%. Synalloy Corporation had an annual average earnings growth of 5.20% over the past 10 years.

Added: Eni SpA (E)

Tom Gayner added to his holdings in Eni SpA by 360%. His purchase prices were between $40.66 and $48.5, with an estimated average price of $44.99. The impact to his portfolio due to this purchase was 0.17%. His holdings were 138,000 shares as of 09/30/2013. Eni Spa has a market cap of $87.62 billion; its shares were traded at around $48.37 with a P/E ratio of 6.60 and P/S ratio of 0.38. The dividend yield of Eni Spa stocks is 4.77%. Eni Spa had an annual average earnings growth of 6.90% over the past 10 years. GuruFocus rated Eni Spa the business predictability rank of 3-star.

Added: Chevron Corp (CVX)

Tom Gayner added to his holdings in Chevron Corp by 76.74%. His purchase prices were between $117.7 and $127.76, with an estimated average price of $123. The impact to his portfolio due to this purchase was 0.14%. His holdings were 76,000 shares as of 09/30/2013. Chevron Corp has a market cap of $230.95 billion; its shares were traded at around $120.09 with a P/E ratio of 9.80 and P/S ratio of 0.99. The dividend yield of Chevron Corp stocks is 3.16%. Chevron Corp had an annual average earnings growth of 8.30% over the past 10 years. GuruFocus rated Chevron Corp the business predictability rank of 2.5-star.

Added: Liberty Media Corporation (LMCA)

Tom Gayner added to his holdings in Liberty Media Corporation by 29.41%. His purchase prices were between $129.21 and $149.15, with an estimated average price of $141.5. The impact to his portfolio due to this purchase was 0.12%. His holdings were 110,000 shares as of 09/30/2013. Liberty Media Corporation has a market cap of $17.16 billion; its shares were traded at around $150.18 with a P/E ratio of 2.20 and P/S ratio of 3.93.


Added: Google, Inc. (GOOG)

Tom Gayner added to his holdings in Google, Inc. by 27.96%. His purchase prices were between $846.9 and $924.69, with an estimated average price of $887.49. The impact to his portfolio due to this purchase was 0.08%. His holdings were 11,900 shares as of 09/30/2013. Google, Inc. has a market cap of $344.94 billion; its shares were traded at around $1032.47 with a P/E ratio of 27.50 and P/S ratio of 5.90. Google, Inc. had an annual average earnings growth of 44.00% over the past 10 years. GuruFocus rated Google, Inc. the business predictability rank of 2.5-star.

Reduced: Leucadia National Corporation (LUK, Financial)

Tom Gayner reduced to his holdings in Leucadia National Corporation by 45.54%. His sale prices were between $24.9 and $28.3, with an estimated average price of $26.75. The impact to his portfolio due to this sale was -0.31%. Tom Gayner still held 390,433 shares as of 09/30/2013. Leucadia National Corporation has a market cap of $10.25 billion; its shares were traded at around $28.11 with a P/E ratio of 7.90 and P/S ratio of 0.85. The dividend yield of Leucadia National Corporation stocks is 1.56%.

Reduced: CarMax, Inc. (KMX, Financial)

Tom Gayner reduced to his holdings in CarMax, Inc. by 1.46%. His sale prices were between $46.52 and $52.05, with an estimated average price of $48.96. The impact to his portfolio due to this sale was -0.12%. Tom Gayner still held 5,034,519 shares as of 09/30/2013. Carmax, Inc. has a market cap of $11.1 billion; its shares were traded at around $49.71 with a P/E ratio of 23.20 and P/S ratio of 0.95. Carmax, Inc. had an annual average earnings growth of 25.50% over the past 10 years. GuruFocus rated Carmax, Inc. the business predictability rank of 3.5-star.

Reduced: Sysco Corporation (SYY)

Tom Gayner reduced to his holdings in Sysco Corporation by 44.03%. His sale prices were between $31.47 and $36.03, with an estimated average price of $33.57. The impact to his portfolio due to this sale was -0.01%. Tom Gayner still held 13,086 shares as of 09/30/2013. Sysco Corporation has a market cap of $19.42 billion; its shares were traded at around $33.40 with a P/E ratio of 19.70 and P/S ratio of 0.44. The dividend yield of Sysco Corporation stocks is 3.35%. Sysco Corporation had an annual average earnings growth of 4.20% over the past 10 years. GuruFocus rated Sysco Corporation the business predictability rank of 1-star.