Tom Gayner (Trades, Portfolio) is the executive vice president and chief investment officer of Markel Corp. (MKL, Financial) and president of Markel Gayner Asset Management Inc. During the third quarter the guru’s largest buys were the following:
The guru raised his stake in Alphabet Inc. Class CĂ‚ (GOOG) by 46.23% with an impact of 0.31% on the portfolio.
The company through its subsidiary Google Inc. is engaged in improving the ways people connect with information and products including Search, Android, YouTube, Apps, Maps & Ads. It also produces Internet-connected home devices and provides Internet services.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 15.32% and ROA of 12.62% that are outperforming 7% of the companies in the Global Internet Content & Information industry. Financial strength has a rating of 8 out of 10 with cash to debt of 21.09 that is above the industry median of 7.38.
The largest shareholder among the gurus is Dodge & Cox with 0.46% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.36%, Chris Davis (Trades, Portfolio) with 0.2%, Frank Sands (Trades, Portfolio) with 0.14%, Mason Hawkins (Trades, Portfolio) with 0.14% and Steve Mandel (Trades, Portfolio) with 0.13%.
The investor increased his stake in Amazon.com Inc. (AMZN) by 74.36% with an impact of 0.31% on the portfolio.
The company sells its products through the website which provides services, such as advertising services and co-branded credit card agreements. It also offers electronic devices like Kindle e-readers and Fire tablets. Third-quarter operating cash flow increased 49% and free cash flow increased to $8.6 billion compared with $5.4 billion for the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 14.05% and ROA of 3.31% that are outperforming 56% of the companies in the Global Specialty Retail industry. Financial strength has a rating of 6 out of 10 with cash to debt of 2.24 that is above the industry median of 0.92.
Andreas Halvorsen (Trades, Portfolio) is the largest shareholder with 0.69% of outstanding shares followed by Sands with 0.5%, Davis with 0.47%, Spiros Segalas (Trades, Portfolio) with 0.44%, Ken Fisher (Trades, Portfolio) with 0.42%, Mandel with 0.35%, Chase Coleman (Trades, Portfolio) with 0.31% and Steven Cohen (Trades, Portfolio) with 0.14%.
The guru raised his stake in Analog Devices Inc. (ADI) by 51.46% with an impact of 0.95% on the portfolio.
The company is engaged in the designing, manufacturing and marketing of high-performance analog, mixed-signal and digital signal processing integrated circuits used in all types of electronic equipment. Third-quarter revenue increased 12% sequentially and was up 1% year over year. GAAP diluted EPS was 74 cents, and non-GAAP diluted EPS was 82 cents.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 13.24% and ROA of 8.93% that are outperforming 82% of the companies in the Global Semiconductors industry. Financial strength has a rating of 7 out of 10 with cash to debt of 2.20 that is above the industry median of 1.66.
The largest shareholder among the gurus is First Pacific Advisors (Trades, Portfolio) with 1.53% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 1.45%, PRIMECAP Management with 1.41%, Steven Romick (Trades, Portfolio) with 1.21%, First Eagle Investment (Trades, Portfolio) with 0.99%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.93% and Jeremy Grantham (Trades, Portfolio) with 0.34%.
The investor raised his shares in Boeing Co. (BA) by 140.48% with an impact of 0.08% on the portfolio.
The company together with its subsidiaries designs, develops, manufactures, sells and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services. During the third quarter revenues grew 8% year over year, and net earnings grew by 34%. The company reported earnings per share of $3.60, a 12% year-over-year increase.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 108.28% and ROA 4.63% that are outperforming 62% of the companies in the Global Aerospace & Defense industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.93 that is above the industry median of 0.39%.
The largest shareholder among the gurus is T Rowe Price Equity Income Fund with 0.5% of outstanding shares followed by Segalas with 0.48%, PRIMECAP Management with 0.29%, HOTCHKIS & WILEY with 0.2%, Joel Greenblatt (Trades, Portfolio) with 0.07%, Mario Gabelli (Trades, Portfolio) with 0.03% and Fisher with 0.03%.
The guru increased his stake in Apple Inc. (AAPL) by 69.25% with an impact of 0.07% on the portfolio.
It designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players and sells a variety of related software, services, accessories, networking solutions and third-party digital content. Fourth-quarter revenue was $46.9 billion, and quarterly net income of $9 billion, or $1.67 per diluted share, compared to revenue of $51.5 billion and net income of $11.1 billion, or $1.96 per diluted share, in the year-ago quarter.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 36.10% and ROA of 15.07% that are outperforming 95% of the companies in the Global Consumer Electronics industry. Financial strength has a rating of 6 out of 10 with cash to debt of 0.77 that is below the industry median of 1.49.
Warren Buffett (Trades, Portfolio) is the largest shareholder among the gurus with 0.29% of outstanding shares followed by Fisher with 0.21%, Pioneer Investments with 0.17%, Segalas with 0.16%, Grantham with 0.13%, David Einhorn (Trades, Portfolio) with 0.13% and David Rolfe (Trades, Portfolio) with 0.09%.
The guru increased his stake in Comcast Corp. Class AĂ‚ (CMCSA) by 37.95% with an impact of 0.06% on the portfolio.
It is a media and technology company whose business segments are: Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment and Theme Parks.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 15.90% and ROA of 4.95% that are outperforming 67% of the companies in the Global Pay TV industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.05 that is below the industry median of 0.44.
The largest shareholder among the gurus is Dodge & Cox with 1.79% of outstanding shares followed by First Eagle Investment with 1.1%, Fisher with 0.52%, HOTCHKIS & WILEY with 0.18%, T Rowe Price Equity Income Fund with 0.16%, Tom Russo (Trades, Portfolio) with 0.16%, Diamond Hill Capital (Trades, Portfolio) with 0.16% and Lee Ainslie (Trades, Portfolio) with 0.14%.
The investor raised his shares in Facebook Inc. Class AĂ‚ (FB) by 68.85% with an impact of 0.07% on the portfolio.
The company operates a social networking website. Its products are Facebook, Instagram, Messenger, WhatsApp and Oculus. Its products enable people to connect and share through mobile devices and personal computers. Third quarter net income increased 166% and diluted earnings per shares had a 165% increase. The company reported 56% growth for total revenue.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 15.75% and ROA of 14.25% that are outperforming 67% of the companies in the Global Internet Content & Information industry. Financial strength has a rating of 9 out of 10 with no debt.
Sands is the largest shareholder among the gurus with 0.8% of outstanding shares followed by Halvorsen with 0.7%, Mandel with 0.38%, Segalas with 0.33%, Daniel Loeb (Trades, Portfolio) with 0.13%, Manning & Napier Advisors Inc. with 0.11% and Ainslie with 0.1%.
Disclosure: The author owns some shares of Apple.
Start a free seven-day trial of Premium Membership to GuruFocus.
