Markel Gayner Asset Management Corp Buys Brown-Forman Corp, Progressive Corp, Starbucks Corp, Sells Monsanto Co, Moody's Corporation, FactSet Research Systems Inc

• New Purchases: PGR, COF, CMG, MAT, SMG, SHAK,
• Added Positions: BF.B, SBUX, GOOG, GS, AMZN, TXN, SRCL, APO, ADI, AAPL,
• Reduced Positions: MCO, FDS, HEI.A, HEI,
• Sold Out: MON, PCAR, PDCO, AGN, BG, COL, VFC,

For the details of Tom Gayner's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner

1. Berkshire Hathaway Inc (BRK.A) - 1,094 shares, 6.22% of the total portfolio. Shares added by 0.55%
2. CarMax Inc (KMX) - 4,913,070 shares, 5.78% of the total portfolio.
3. Berkshire Hathaway Inc (BRK.B) - 1,512,702 shares, 5.74% of the total portfolio. Shares added by 0.07%
4. Brookfield Asset Management Inc (BAM) - 5,545,121 shares, 4.11% of the total portfolio. Shares added by 2.01%
5. Marriott International Inc (MAR) - 1,508,269 shares, 3.9% of the total portfolio.

Markel Gayner Asset Management Corp initiated holding in Progressive Corp. The purchase prices were between $51.07 and $62.33, with an estimated average price of $57.1. The stock is now traded at around $60.98. The impact to a portfolio due to this purchase was 0.24%. The holding were 210,000 shares as of 2018-03-31.

Markel Gayner Asset Management Corp initiated holding in Capital One Financial Corp. The purchase prices were between $91.8 and $105.71, with an estimated average price of $99.63. The stock is now traded at around $91.72. The impact to a portfolio due to this purchase was 0.14%. The holding were 75,000 shares as of 2018-03-31.

Markel Gayner Asset Management Corp initiated holding in Chipotle Mexican Grill Inc. The purchase prices were between $251.33 and $343.87, with an estimated average price of $314.91. The stock is now traded at around $427.35. The impact to a portfolio due to this purchase was 0.11%. The holding were 17,500 shares as of 2018-03-31.

Markel Gayner Asset Management Corp initiated holding in Mattel Inc. The purchase prices were between $12.8 and $17.76, with an estimated average price of $15.59. The stock is now traded at around $14.17. The impact to a portfolio due to this purchase was 0.02%. The holding were 99,000 shares as of 2018-03-31.

Markel Gayner Asset Management Corp initiated holding in The Scotts Miracle Gro Co. The purchase prices were between $84.42 and $109.47, with an estimated average price of $95.19. The stock is now traded at around $84.23. The impact to a portfolio due to this purchase was 0.02%. The holding were 13,000 shares as of 2018-03-31.

Markel Gayner Asset Management Corp initiated holding in Shake Shack Inc. The purchase prices were between $37.29 and $47.08, with an estimated average price of $41.56. The stock is now traded at around $47.26. The impact to a portfolio due to this purchase was 0.01%. The holding were 11,000 shares as of 2018-03-31.

Markel Gayner Asset Management Corp added to a holding in Brown-Forman Corp by 125.00%. The purchase prices were between $50.66 and $56.52, with an estimated average price of $54.33. The stock is now traded at around $56.04. The impact to a portfolio due to this purchase was 0.27%. The holding were 474,187 shares as of 2018-03-31.

Markel Gayner Asset Management Corp added to a holding in Starbucks Corp by 302.02%. The purchase prices were between $53.77 and $61.69, with an estimated average price of $57.81. The stock is now traded at around $58.36. The impact to a portfolio due to this purchase was 0.17%. The holding were 209,048 shares as of 2018-03-31.

Markel Gayner Asset Management Corp added to a holding in Goldman Sachs Group Inc by 68.64%. The purchase prices were between $245.26 and $273.38, with an estimated average price of $260.32. The stock is now traded at around $239.80. The impact to a portfolio due to this purchase was 0.13%. The holding were 65,940 shares as of 2018-03-31.

Markel Gayner Asset Management Corp added to a holding in Stericycle Inc by 33.84%. The purchase prices were between $58.49 and $76.02, with an estimated average price of $67.69. The stock is now traded at around $61.10. The impact to a portfolio due to this purchase was 0.09%. The holding were 310,500 shares as of 2018-03-31.

Markel Gayner Asset Management Corp added to a holding in Apple Inc by 24.17%. The purchase prices were between $155.15 and $181.72, with an estimated average price of $172.19. The stock is now traded at around $162.32. The impact to a portfolio due to this purchase was 0.09%. The holding were 140,435 shares as of 2018-03-31.

Markel Gayner Asset Management Corp added to a holding in Apollo Global Management LLC by 23.36%. The purchase prices were between $29.62 and $36.78, with an estimated average price of $33.63. The stock is now traded at around $28.47. The impact to a portfolio due to this purchase was 0.09%. The holding were 845,000 shares as of 2018-03-31.

Markel Gayner Asset Management Corp sold out a holding in Monsanto Co. The sale prices were between $116.69 and $123.59, with an estimated average price of $120.33.

Markel Gayner Asset Management Corp sold out a holding in PACCAR Inc. The sale prices were between $62.94 and $79, with an estimated average price of $70.96.

Markel Gayner Asset Management Corp sold out a holding in Patterson Companies Inc. The sale prices were between $21.69 and $38.13, with an estimated average price of $31.12.

Markel Gayner Asset Management Corp sold out a holding in Allergan PLC. The sale prices were between $144.02 and $188.15, with an estimated average price of $167.73.

Markel Gayner Asset Management Corp sold out a holding in Bunge Ltd. The sale prices were between $67.08 and $82.55, with an estimated average price of $75.38.

Markel Gayner Asset Management Corp sold out a holding in Rockwell Collins Inc. The sale prices were between $133.24 and $139.41, with an estimated average price of $136.51.

Markel Gayner Asset Management Corp reduced to a holding in Moody's Corporation by 31.03%. The sale prices were between $146.13 and $170.2, with an estimated average price of $161.89. The stock is now traded at around $163.03. The impact to a portfolio due to this sale was -0.25%. Markel Gayner Asset Management Corp still held 200,000 shares as of 2018-03-31.

Markel Gayner Asset Management Corp reduced to a holding in FactSet Research Systems Inc by 29.27%. The sale prices were between $187.99 and $215.63, with an estimated average price of $201.76. The stock is now traded at around $191.38. The impact to a portfolio due to this sale was -0.18%. Markel Gayner Asset Management Corp still held 116,000 shares as of 2018-03-31.

Markel Gayner Asset Management Corp reduced to a holding in Heico Corp by 20.01%. The sale prices were between $74.62 and $90.56, with an estimated average price of $81.59. The stock is now traded at around $88.43. The impact to a portfolio due to this sale was less than 0.01%. Markel Gayner Asset Management Corp still held 4,687 shares as of 2018-03-31.