Tom Gayner (Trades, Portfolio), executive vice president and chief investment officer of Markel Corp. (MKL, Financial) and president of Markel Gayner Asset Management Inc., Markel's investment subsidiary since December 1990, bought shares in the following stocks in the second quarter.
The investor acquired 522,000 shares in Liberty Media Corp. (LSXMK) with an impact of 0.42% on the portfolio.
The company through its subsidiaries owns interest in media, communication and entertainment businesses. During the second quarter net subscribers grew 8% and revenue grew 10%. The company reported a 68% increase in net income.
GuruFocus gives the stock a profitability and growth rating of 6 out of 10 with ROE of 4.17% and ROA of 1.53% that are underperforming 55% of the companies in the Global Broadcasting - TV industry. Financial strength has a rating of 4 out of 10 with cash to debt of 0.16 that is below the industry median of 1.78.
The largest shareholder among the gurus is Wallace Weitz (Trades, Portfolio) with 5.1% of outstanding shares followed by Jeremy Grantham (Trades, Portfolio) with 2.26%, RS Investment Management (Trades, Portfolio) with 1.73% and Mario Gabelli (Trades, Portfolio) with 1.53%.
The investor raised his stake in Texas Instruments Inc. (TXN) by 309.09% with an impact of 0.28% on the portfolio.
The company designs and makes semiconductors that it sells to electronics designers and manufacturers. It has two segments: Analog and Embedded Processing. During the second quarter Embedded Processing revenue grew 9% and its gross margin of 61.2% reflected the quality of its product portfolio.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 30.46% and ROA of 18.86% that are outperforming 96% of the companies in the Global Semiconductors industry. Financial strength has a rating of 7 out of 10 with cash to debt of 0.70 that is below the industry median of 1.67.
The largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) which holds 4.96% of outstanding shares followed by Chris Davis (Trades, Portfolio) with 0.9%, Bill Nygren (Trades, Portfolio) with 0.61%, Barrow, Hanley, Mewhinney & Strauss with 0.59% and T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.39%.
The guru increased his stake in Analog Devices Inc. (ADI) by 267.88% with an impact of 0.23% 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. Second quarter revenue grew 1% from the first quarter but decreased 5% from the same quarter of a year before.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 12.97% and ROA of 8.90% that are outperforming 5% of the companies in the Global Semiconductors industry. Financial strength has a rating of 7 out of 10 with cash to debt 2.17 that is above the industry median of 1.67.
First Pacific Advisors (Trades, Portfolio) is the company's largest shareholder among the gurus, with 1.53% of outstanding shares followed by Pioneer Investments (Trades, Portfolio) with 1.45%, PRIMECAP Management (Trades, Portfolio) with 1.42% and Steven Romick (Trades, Portfolio) with 1.21%.
The guru raised his stake in Amazon.com Inc. (AMZN) by 116.67% with an impact of 0.2% on the portfolio.
The company sells its products through its 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. Operating cash flow increased 42% in the second quarter and net sales grew 31%. Operating income was $1.3 billion in the second quarter, compared with $464 million in the second quarter of 2015.
GuruFocus gives the stock a profitability and growth rating of 8 out of 10 with ROE of 14.02% and ROA of 3.21% that are outperforming 55% of the companies in the Global Specialty Retail industry. Financial strength has a rating of 7 out of 10 with cash to debt of 2.01 that is above the industry median of 0.99.
The largest shareholder among the gurus is Andreas Halvorsen (Trades, Portfolio) with 0.73% of outstanding shares followed by Frank Sands (Trades, Portfolio) with 0.5%, Davis with 0.47%, Spiros Segalas (Trades, Portfolio) with 0.46%, Ken Fisher (Trades, Portfolio) with 0.42% and Steve Mandel (Trades, Portfolio) with 0.42%.
The investor increased his shares in Alphabet Inc. Class CÂ (GOOG) by 45.59% with an impact of 0.19% 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 and Ads. It also produces Internet-connected home devices and provides Internet services.
During the last quarter revenue grew 21% from the same quarter of a year before, and 25% on a constant currency basis reflects the successful investments it made over many years in rapidly expanding areas.
GuruFocus gives the stock a profitability and growth rating of 9 out of 10 with ROE of 14.99% and ROA of 14.24% that are outperforming 70% of the companies in the Global Internet Content & Information industry. Financial strength has a rating of 9 out of 10 with cash to debt of 18.67 that is above the industry median of 9.95.
Dodge & Cox is the company's largest shareholder among the gurus with 0.46% of outstanding shares followed by PRIMECAP Management (Trades, Portfolio) with 0.36%, Davis with 0.2%, Halvorsen with 0.15% and Sands with 0.14%.
The guru raised his stake in Microsoft Corp. (MSFT) by 150% with an impact of 0.13% on the portfolio.
The company is engaged in designing, manufacturing, selling devices and online advertising. Its products include operating systems for computing devices, servers, phones and other devices.
During the fourth quarter, Microsoft returned $6.4 billion to shareholders in the form of share repurchases and dividends. Revenue was $20.6 billion GAAP and $22.6 billion non-GAAP.
GuruFocus gives the stock a profitability and growth rating of 7 out of 10 with ROE of 21.64% and ROA of 9.13% that are out performing 79% of the companies in the Global Software - Infrastructure industry. Financial strength has a rating of 6 out of 10, with cash to debt of 2.11 that is below the industry median of 10.15.
The largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with 0.75% of outstanding shares followed by Jeff Ubben (Trades, Portfolio) with 0.73%, Dodge & Cox with 0.66%, Mandel with 0.33% and Barrow, Hanley, Mewhinney & Strauss with 0.32%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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