Markel CIO Tom Gayner Buys Buys UnitedHealth, Liberty Media, Google, Moody's, MasterCard

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Markel Corp ( MKL ) CIO Tom Gayner just reported first quarter portfolio. Usually he has a low turnover with his portfolio. But over the last quarter he bought a lot of new stocks in health care and technology. He buys UnitedHealth Group, Liberty Media, Google., WellPoint, etc, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp.

GuruFocus just had an interview with Mr. Gayner . To learn more about how Mr. Gayner invests, please read Answers from Tom Gayner's Interview with GuruFocus .

As of 03/31/2013, Markel Gayner Asset Management Corp owns 101 stocks with a total value of $2.7 billion. These are the details of the buys and sells.

  • New Purchases: UNH , LMCA, GOOG, WLP, FDS, AMZN, CLB, STRZA,
  • Added Positions: MCO, MA, HAS, MAT, NSC,
  • Reduced Positions: UBSH, SYY, ART,
  • Sold Out: LII, DELL, CLMS, NICK, LMCB, XRAY, MKC, BBSI, RFP,
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 Services 27.8%
Consumer Defensive 19.1%
Consumer Cyclical 18.1%
Industrials 13.1%
Real Estate 6.6%
Healthcare 5.3%
Energy 4.7%
Technology 3.7%
Basic Materials 1.7%



These are the top 5 holdings of Tom Gayner

  1. CarMax, Inc. ( KMX ) - 5,120,971 shares, 7.9% of the total portfolio. Shares reduced by 0.42%
  2. Berkshire Hathaway Inc (BRK.A) - 1,101 shares, 6.4% of the total portfolio. Shares reduced by 0.18%
  3. Berkshire Hathaway Inc (BRK.B) - 1,552,895 shares, 6.0% of the total portfolio. Shares reduced by 0.51%
  4. Diageo PLC ( DEO ) - 1,230,874 shares, 5.8% of the total portfolio. Shares reduced by 0.29%
  5. Brookfield Asset Management Inc ( BAM ) - 3,065,714 shares, 4.2% of the total portfolio. Shares reduced by 0.49%


New Purchase: UnitedHealth Group Inc ( UNH )

Tom Gayner initiated holdings in UnitedHealth Group Inc. His purchase prices were between $51.4 and $57.77, with an estimated average price of $54.88. The impact to his portfolio due to this purchase was 0.83%. His holdings were 392,300 shares as of 03/31/2013. UnitedHealth Group Incorporated is a Minnesota corporation incorporated in January 1977. Unitedhealth Group Inc has a market cap of $63.76 billion; its shares were traded at around $62.01 with a P/E ratio of 12.08 and P/S ratio of 0.57. The dividend yield of Unitedhealth Group Inc stocks is 1.37%. Unitedhealth Group Inc had an annual average earnings growth of 14.2% over the past 10 years. GuruFocus rated Unitedhealth Group Inc the business predictability rank of 4-star.

New Purchase: Liberty Media Corporation ( LMCA )

Tom Gayner initiated holdings in Liberty Media Corporation. His purchase prices were between $106.99 and $113.06, with an estimated average price of $110.26. The impact to his portfolio due to this purchase was 0.17%. His holdings were 42,000 shares as of 03/31/2013. Liberty Media Corporation is incorporated in the state of Delaware. Liberty Media Corporation has a market cap of $14.7 billion; its shares were traded at around $121.01 with a P/E ratio of 10.62 and P/S ratio of 7.51.

New Purchase: Google, Inc. ( GOOG )

Tom Gayner initiated holdings in Google, Inc.. His purchase prices were between $702.87 and $838.604, with an estimated average price of $777.34. The impact to his portfolio due to this purchase was 0.15%. His holdings were 5,000 shares as of 03/31/2013. Google, Inc. was incorporated in California in September 1998 and reincorporated in Delaware in August 2003. Google, Inc. has a market cap of $289.84 billion; its shares were traded at around $871.48 with a P/E ratio of 25.19 and P/S ratio of 5.29. Google, Inc. had an annual average earnings growth of 44% over the past 10 years. GuruFocus rated Google, Inc. the business predictability rank of 2.5-star.

New Purchase: WellPoint Inc ( WLP )

Tom Gayner initiated holdings in WellPoint Inc. His purchase prices were between $58.93 and $66.28, with an estimated average price of $63.47. The impact to his portfolio due to this purchase was 0.12%. His holdings were 50,000 shares as of 03/31/2013. WellPoint Inc is an Indiana corporation incorporated on July 17, 2001. Wellpoint Inc has a market cap of $22.54 billion; its shares were traded at around $75.39 with a P/E ratio of 8.89 and P/S ratio of 0.37. The dividend yield of Wellpoint Inc stocks is 1.64%. Wellpoint Inc had an annual average earnings growth of 11.4% over the past 10 years. GuruFocus rated Wellpoint Inc the business predictability rank of 5-star.

New Purchase: FactSet Research Systems, Inc. ( FDS )

Tom Gayner initiated holdings in FactSet Research Systems, Inc.. His purchase prices were between $88.06 and $100.6, with an estimated average price of $93.93. The impact to his portfolio due to this purchase was 0.1%. His holdings were 29,000 shares as of 03/31/2013. FactSet Research Systems Inc. was founded as a Delaware corporation in 1978. Factset Research Systems, Inc. has a market cap of $4.17 billion; its shares were traded at around $94.34 with a P/E ratio of 22.37 and P/S ratio of 5.12. The dividend yield of Factset Research Systems, Inc. stocks is 1.31%. Factset Research Systems, Inc. had an annual average earnings growth of 16.2% over the past 10 years. GuruFocus rated Factset Research Systems, Inc. the business predictability rank of 4-star.

New Purchase: Amazon.com Inc ( AMZN )

Tom Gayner initiated holdings in Amazon.com Inc. His purchase prices were between $250.87 and $283.99, with an estimated average price of $265.78. The impact to his portfolio due to this purchase was 0.05%. His holdings were 5,500 shares as of 03/31/2013. Amazon.com, Inc. was incorporated in 1994 in the state of Washington and reincorporated in 1996 in the state of Delaware. Amazon.com Inc has a market cap of $117.76 billion; its shares were traded at around $260.16 with a P/E ratio of 3256.80 and P/S ratio of 1.85. Amazon.com Inc had an annual average earnings growth of 25.2% over the past 10 years. GuruFocus rated Amazon.com Inc the business predictability rank of 5-star.

New Purchase: Starz Inc ( STRZA )

Tom Gayner initiated holdings in Starz Inc. His purchase prices were between $13.282 and $22.15, with an estimated average price of $17.77. The impact to his portfolio due to this purchase was 0.01%. His holdings were 12,000 shares as of 03/31/2013. Starz Inc has a market cap of $2.95 billion; its shares were traded at around $22.74 with a P/E ratio of 10.74 and P/S ratio of 1.68.

New Purchase: Core Laboratories N.V. (CLB)

Tom Gayner initiated holdings in Core Laboratories N.V.. His purchase prices were between $109.31 and $138.75, with an estimated average price of $127.46. The impact to his portfolio due to this purchase was 0.01%. His holdings were 2,000 shares as of 03/31/2013. Core Laboratories N.V. is a Netherlands limited liability company established in 1936, engaged in providing proprietary and patented reservoir description, production enhancement and reservoir management services to the oil and gas industry. Core Laboratories N.v. has a market cap of $6.73 billion; its shares were traded at around $144.80 with a P/E ratio of 31.25 and P/S ratio of 6.78. The dividend yield of Core Laboratories N.v. stocks is 0.77%. Core Laboratories N.v. had an annual average earnings growth of 25.7% over the past 10 years. GuruFocus rated Core Laboratories N.v. the business predictability rank of 2.5-star.

Sold Out: Lennox International, Inc. (LII)

Tom Gayner sold out his holdings in Lennox International, Inc.. His sale prices were between $52.52 and $65.34, with an estimated average price of $58.84. Lennox International, Inc. was founded in 1895 in Marshalltown, Iowa. Lennox International, Inc. has a market cap of $3.19 billion; its shares were traded at around $63.50 with a P/E ratio of 23.09 and P/S ratio of 1.09. The dividend yield of Lennox International, Inc. stocks is 1.23%. Lennox International, Inc. had an annual average earnings growth of 19.7% over the past 10 years.

Sold Out: Dell Inc (DELL)

Tom Gayner sold out his holdings in Dell Inc. His sale prices were between $10.14 and $14.51, with an estimated average price of $13.32. Dell Inc is a Delaware Corporation, which was founded in 1984. Dell Inc has a market cap of $23.12 billion; its shares were traded at around $13.32 with a P/E ratio of 9.86 and P/S ratio of 0.41. The dividend yield of Dell Inc stocks is 1.80%. Dell Inc had an annual average earnings growth of 5.4% over the past 10 years. GuruFocus rated Dell Inc the business predictability rank of 3-star.

Sold Out: Nicholas Financial, Inc. (NICK)

Tom Gayner sold out his holdings in Nicholas Financial, Inc.. His sale prices were between $12.4 and $14.84, with an estimated average price of $13.36. Nicholas Financial, Inc. is a Canadian holding company incorporated under the laws of British Columbia in 1986. Nicholas Financial, Inc. has a market cap of $172.915 million; its shares were traded at around $14.34 with a P/E ratio of 8.25 and P/S ratio of 2.49. The dividend yield of Nicholas Financial, Inc. stocks is 3.21%. Nicholas Financial, Inc. had an annual average earnings growth of 6.4% over the past 10 years. GuruFocus rated Nicholas Financial, Inc. the business predictability rank of 3-star.

Sold Out: Calamos Asset Management, Inc. (CLMS)

Tom Gayner sold out his holdings in Calamos Asset Management, Inc.. His sale prices were between $9.68 and $12.06, with an estimated average price of $10.78. Calamos Asset Management, Inc. together with its subsidiaries, mainly provides investment advisory services to individuals and institutional investors through open-end funds, closed-end funds, separate accounts, offshore funds and partnerships. Calamos Asset Management, Inc. has a market cap of $222.751 million; its shares were traded at around $11.01 with a P/E ratio of 12.52 and P/S ratio of 0.70. The dividend yield of Calamos Asset Management, Inc. stocks is 4.00%. Calamos Asset Management, Inc. had an annual average earnings growth of 31.4% over the past 5 years.

Sold Out: Liberty Media Corporation (LMCB)

Tom Gayner sold out his holdings in Liberty Media Corporation. His sale prices were between $106.81 and $112.21, with an estimated average price of $110.07. Liberty Media Corporation is incorporated in the state of Delaware. Liberty Media Corporation has a market cap of $14.7 billion; its shares were traded at around $121.32 with a P/E ratio of 10.64 and P/S ratio of 7.52.

Sold Out: DENTSPLY International, Inc. (XRAY)

Tom Gayner sold out his holdings in DENTSPLY International, Inc.. His sale prices were between $39.59 and $43.49, with an estimated average price of $41.7. DENTSPLY International, Inc was incorporated in 1899 in Delaware. Dentsply International, Inc. has a market cap of $6.31 billion; its shares were traded at around $42.45 with a P/E ratio of 19.46 and P/S ratio of 2.09. The dividend yield of Dentsply International, Inc. stocks is 0.54%. Dentsply International, Inc. had an annual average earnings growth of 9.5% over the past 10 years. GuruFocus rated Dentsply International, Inc. the business predictability rank of 3.5-star.

Sold Out: McCormick & Company, Inc. (MKC)

Tom Gayner sold out his holdings in McCormick & Company, Inc.. His sale prices were between $61.23 and $73.55, with an estimated average price of $66.64. McCormick & Company, Inc was formed in 1915 under Maryland law as the successor to a business established in 1889. Mccormick & Company, Inc. has a market cap of $9.63 billion; its shares were traded at around $72.83 with a P/E ratio of 25.25 and P/S ratio of 2.42. The dividend yield of Mccormick & Company, Inc. stocks is 1.78%. Mccormick & Company, Inc. had an annual average earnings growth of 8.4% over the past 10 years. GuruFocus rated Mccormick & Company, Inc. the business predictability rank of 4.5-star.

Sold Out: Barrett Business Services, Inc. (BBSI)

Tom Gayner sold out his holdings in Barrett Business Services, Inc.. His sale prices were between $38.09 and $52.66, with an estimated average price of $43.81. Barrett Business Services, Inc. was incorporated in the state of Maryland in 1965. Barrett Business Services, Inc. has a market cap of $405.597 million; its shares were traded at around $58.69 with a P/E ratio of 35.09 and P/S ratio of 1.15. The dividend yield of Barrett Business Services, Inc. stocks is 0.82%.

Sold Out: Resolute Forest Products Inc (RFP)

Tom Gayner sold out his holdings in Resolute Forest Products Inc. His sale prices were between $13.24 and $17.04, with an estimated average price of $14.18. Resolute Forest Products Inc is a Delaware Corporation. Resolute Forest Products Inc has a market cap of $1.53 billion; its shares were traded at around $16.04 with a P/E ratio of 56.60 and P/S ratio of 0.35.

Added: Moody's Corporation ( MCO )

Tom Gayner added to his holdings in Moody's Corporation by 62.89%. His purchase prices were between $43.37 and $55.35, with an estimated average price of $50.8. The impact to his portfolio due to this purchase was 0.12%. His holdings were 155,400 shares as of 03/31/2013. Moody's Corp was founded in 1990. The Company is a provider of credit ratings, credit and economic related research, data and analytical tools, risk management software and quantitative credit risk measures, credit portfolio management solutions and training services. Moody's Corporation has a market cap of $14.23 billion; its shares were traded at around $64.17 with a P/E ratio of 20.62 and P/S ratio of 5.16. The dividend yield of Moody's Corporation stocks is 1.06%. Moody's Corporation had an annual average earnings growth of 6.1% over the past 10 years. GuruFocus rated Moody's Corporation the business predictability rank of 2.5-star.

Added: MasterCard Incorporated ( MA )

Tom Gayner added to his holdings in MasterCard Incorporated by 166.67%. His purchase prices were between $491.28 and $541.13, with an estimated average price of $520.59. The impact to his portfolio due to this purchase was 0.1%. His holdings were 8,000 shares as of 03/31/2013. MasterCard Incorporated was incorporated as a Delaware stock corporation in May 2001. Mastercard Incorporated has a market cap of $67.31 billion; its shares were traded at around $551.88 with a P/E ratio of 24.27 and P/S ratio of 9.15. The dividend yield of Mastercard Incorporated stocks is 0.27%.

Added: Hasbro, Inc. (HAS)

Tom Gayner added to his holdings in Hasbro, Inc. by 25.28%. His purchase prices were between $35.35 and $43.94, with an estimated average price of $39.57. The impact to his portfolio due to this purchase was 0.06%. His holdings were 189,800 shares as of 03/31/2013. Hasbro, Inc. is a Rhode Island corporation, which was organized on January 8, 1926. Hasbro, Inc. has a market cap of $6.13 billion; its shares were traded at around $47.59 with a P/E ratio of 18.90 and P/S ratio of 1.53. The dividend yield of Hasbro, Inc. stocks is 3.11%. Hasbro, Inc. had an annual average earnings growth of 11.1% over the past 10 years. GuruFocus rated Hasbro, Inc. the business predictability rank of 4.5-star.

Added: Mattel, Inc. (MAT)

Tom Gayner added to his holdings in Mattel, Inc. by 38.61%. His purchase prices were between $35.7 and $43.77, with an estimated average price of $39.71. The impact to his portfolio due to this purchase was 0.06%. His holdings were 140,000 shares as of 03/31/2013. Mattel, Inc. was incorporated in California in 1948 and reincorporated in Delaware in 1968. Mattel, Inc. has a market cap of $15.98 billion; its shares were traded at around $46.08 with a P/E ratio of 19.84 and P/S ratio of 2.47. The dividend yield of Mattel, Inc. stocks is 2.80%. Mattel, Inc. had an annual average earnings growth of 5.8% over the past 10 years. GuruFocus rated Mattel, Inc. the business predictability rank of 2.5-star.

Added: Norfolk Southern Corporation (NSC)

Tom Gayner added to his holdings in Norfolk Southern Corporation by 30.51%. His purchase prices were between $61.84 and $77.08, with an estimated average price of $70.62. The impact to his portfolio due to this purchase was 0.06%. His holdings were 94,100 shares as of 03/31/2013. Norfolk Southern Corporation was incorporated on July 23, 1980, under the laws of the Commonwealth of Virginia. Norfolk Southern Corporation has a market cap of $24.92 billion; its shares were traded at around $78.59 with a P/E ratio of 14.14 and P/S ratio of 2.30. The dividend yield of Norfolk Southern Corporation stocks is 2.54%. Norfolk Southern Corporation had an annual average earnings growth of 10.6% over the past 10 years. GuruFocus rated Norfolk Southern Corporation the business predictability rank of 4-star.

Reduced: Union First Market Bankshares Corp (UBSH)

Tom Gayner reduced to his holdings in Union First Market Bankshares Corp by 27.67%. His sale prices were between $15.77 and $19.93, with an estimated average price of $17.92. The impact to his portfolio due to this sale was -0.47%. Tom Gayner still held 1,898,339 shares as of 03/31/2013. Union First Market Bankshares Corp is a bank holding company organized under Virginia law and registered under the Bank Holding Company Act of 1956. Union First Market Bankshares Corp has a market cap of $485.539 million; its shares were traded at around $19.45 with a P/E ratio of 14.20 and P/S ratio of 2.58. The dividend yield of Union First Market Bankshares Corp stocks is 2.21%. Union First Market Bankshares Corp had an annual average earnings growth of 10.2% over the past 5 years.

Reduced: Sysco Corporation (SYY)

Tom Gayner reduced to his holdings in Sysco Corporation by 45%. His sale prices were between $30.88 and $35.17, with an estimated average price of $32.41. The impact to his portfolio due to this sale was -0.34%. Tom Gayner still held 314,278 shares as of 03/31/2013. Sysco Corporation was organized under the laws of Delaware. Sysco Corporation has a market cap of $20.44 billion; its shares were traded at around $34.16 with a P/E ratio of 19.80 and P/S ratio of 0.46. The dividend yield of Sysco Corporation stocks is 3.22%. Sysco Corporation had an annual average earnings growth of 5.8% over the past 10 years. GuruFocus rated Sysco Corporation the business predictability rank of 3.5-star.

Reduced: Artio Global Investors, Inc. (ART)

Tom Gayner reduced to his holdings in Artio Global Investors, Inc. by 47.87%. His sale prices were between $1.9 and $2.74, with an estimated average price of $2.36. The impact to his portfolio due to this sale was -0.22%. Tom Gayner still held 2,968,400 shares as of 03/31/2013. Artio Global Investors Inc. was incorporated in Delaware. Artio Global Investors, Inc. has a market cap of $166.507 million; its shares were traded at around $2.74 with a P/E ratio of 8.40 and P/S ratio of 1.71. The dividend yield of Artio Global Investors, Inc. stocks is 2.19%.

Here is the complete portfolio of Tom Gayner. Also check out:

1. Tom Gayner's Undervalued Stocks
2. Tom Gayner's Top Growth Companies, and
3. Tom Gayner's High Yield stocks
4. Stocks that Tom Gayner keeps buyingAbout GuruFocus: GuruFocus.com tracks the stocks picks and portfolio holdings of the world's best investors. This value investing site offers stock screeners and valuation tools. And publishes daily articles tracking the latest moves of the world's best investors. GuruFocus also provides promising stock ideas in 3 monthly newsletters sent to Premium Members .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing

Referenced Stocks: BAM , DEO , KMX , LMCA , STRZA

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