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., the investment subsidiary of Markel Corp., since December 1990. In both first-quarter 2017 and fourth-quarter 2016 the guru bought shares in the following stocks.
VF Corp. (VFC)
During the fourth quarter, the guru increased the position by 22.88%. In the first quarter, he increased the holding by 63.83%.
The guru holds 0.01% of the company’s outstanding shares. VF is an apparel and footwear company. It is engaged in design, production, procurement, marketing and distribution of branded lifestyle apparel, footwear and related products.
Diamond Hill Capital (Trades, Portfolio) is the largest shareholder among the gurus with 0.85% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.34%, Jeremy Grantham (Trades, Portfolio) with 0.31%, Pioneer Investments (Trades, Portfolio) with 0.06%, Jim Simons (Trades, Portfolio) with 0.03% and Manning & Napier Advisors Inc. with 0.03%.
Penske Automotive Group Inc. (PAG)
The investor increased his position by 12.90% during the fourth quarter and by 40% in the first quarter. The guru holds 0.06% of the company’s outstanding shares.
Penske Automotive Group is a transportation services company. It operates automotive and commercial vehicle dealership in the U.S. and Western Europe and distributes commercial vehicles, diesel engines and related parts.
The largest shareholder among the gurus is Mario Gabelli (Trades, Portfolio) with 0.95% of outstanding shares followed by Keeley Asset Management Corp (Trades, Portfolio) with 0.78%, Simons with 0.27%, Murray Stahl (Trades, Portfolio) with 0.1%, Barrow, Hanley, Mewhinney & Strauss with 0.05% and Joel Greenblatt (Trades, Portfolio) with 0.03%.
American Tower Corp. (AMT)
During the fourth quarter, the guru boosted his holding by 600% and again by 110.71% in the first quarter. The guru holds 0.01% of the company’s outstanding shares.
American Tower is an owner, operator and developer of wireless and broadcast communications real estate. Its business segments are domestic rental and management, international rental and management and network development services.
Chuck Akre (Trades, Portfolio) is the largest shareholder among the gurus with 1.58% of outstanding shares followed by Simons with 0.2%, David Carlson (Trades, Portfolio) with 0.16%, Ron Baron (Trades, Portfolio) with 0.1%, Manning & Napier Advisors with 0.06%, Frank Sands (Trades, Portfolio) with 0.02% and Ray Dalio (Trades, Portfolio) with 0.01%.
Allergan PLCĂ‚ (AGN)
During the fourth quarter, the guru boosted his position in the company by 600% and in the first quarter increased it by 92.86%. The guru holds 0.01% of the company’s outstanding shares.
Allergan is a specialty pharmaceutical company. The company is engaged in developing, manufacturing and distributing generic, brand and biosimilar products.
The largest shareholder among the gurus is Vanguard Health Care Fund (Trades, Portfolio) with 3.77% of outstanding shares followed by David Tepper (Trades, Portfolio) with 1.27%, John Paulson (Trades, Portfolio) with 1.06%, Seth Klarman (Trades, Portfolio) with 1.02%, Paul Singer (Trades, Portfolio) with 0.82%, John Griffin (Trades, Portfolio) with 0.46%, Spiros Segalas (Trades, Portfolio) with 0.45% and Pioneer Investments with 0.37%.
Praxair Inc. (PX)
During the fourth quarter, the guru increased his position by 32.97% and in the first quarter increased it again by 26.86%. The guru holds 0.02% of the company’s outstanding shares.
Praxair is engaged in the production, distribution and sale of atmospheric and process gases and surface coatings in North America, Europe, South America and Asia. Its products include oxygen, helium, nitrogen and specialty gases.
First Eagle Investment (Trades, Portfolio) is the largest shareholder among the gurus with 1.41% of outstanding shares followed by Chris Davis (Trades, Portfolio) with 1.04%, PRIMECAP Management with 0.54%, Diamond Hill Capital with 0.36%, Simons with 0.14%, Ruane Cunniff (Trades, Portfolio) with 0.12%, Jerome Dodson (Trades, Portfolio) with 0.1% and Wallace Weitz (Trades, Portfolio) with 0.07%.
Facebook Inc. Class AĂ‚ (FB)
The guru increased the position by 23.30% during the fourth quarter and by 23.62% in the first quarter.
Facebook operates a social networking website. The company's products are Facebook, Instagram, Messenger, WhatsApp and Oculus. Its products enable people to connect and share through mobile devices and personal computers.
The largest shareholder among the gurus is Andreas Halvorsen (Trades, Portfolio) with 0.66% of outstanding shares followed by Sands with 0.58%, Segalas with 0.25%, Steve Mandel (Trades, Portfolio) with 0.2%, Lee Ainslie (Trades, Portfolio) with 0.13%, Manning & Napier Advisors with 0.12%, Daniel Loeb (Trades, Portfolio) with 0.12% and Griffin with 0.12%.
Cisco Systems Inc. (CSCO)
During the fourth quarter, the investor increased the position by 14.87% and in the first quarter increased it by 10.68%. The guru holds 0.01% of the company’s outstanding shares.
Cisco Systems is engaged in designing, manufacturing and sale of Internet Protocol (IP) based networking products and services related to the communications and information technology (IT) industry.
Dodge & Cox is the largest shareholder among the gurus with 1.29% of outstanding shares followed by PRIMECAP Management with 0.54%, Donald Yacktman (Trades, Portfolio) with 0.5%, Grantham with 0.35%, Ken Fisher (Trades, Portfolio) with 0.31%, First Pacific Advisors (Trades, Portfolio) with 0.3% and Yacktman Fund (Trades, Portfolio) with 0.25%.
Boeing Co. (BA)
The investor increased his stake by 29.70% during the fourth quarter and in the first quarter added to the position by 32.44%. The guru holds 0.01% of the company’s outstanding shares.
Boeing together with its subsidiaries designs, develops, manufactures, sells, services and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems and services.
The largest shareholder among the gurus is Segalas with 0.44% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.44%, HOTCHKIS & WILEY with 0.27%, PRIMECAP Management with 0.18%, Greenblatt with 0.08%, Simons with 0.07% and Fisher with 0.05%.
Apple Inc. (AAPL)
During the fourth quarter, the guru increased the position by 19.64%. In the first quarter, he increased the holding by 23.26%.
Apple 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.
Warren Buffett (Trades, Portfolio) is the largest shareholder among the gurus with 1.09% of outstanding shares followed by Fisher with 0.22%, Segalas with 0.18%, Pioneer Investments with 0.18%, David Einhorn (Trades, Portfolio) with 0.11%, Grantham with 0.1% and David Rolfe (Trades, Portfolio) with 0.07%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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