Markel Gayner Asset Management, a fund managed by Tom Gayner, filed its latest 13F report and disclosed its three largest equity positions. CarMax, Inc (NYSE:KMX), Berkshire Hathaway Inc. (NYSE:BRK.A) and Walt Disney Co (NYSE:DIS) are the fund’s largest positions in that order. The latest filing also revealed that Markel Gayner Asset Management boosted its equity portfolio value to about $3.55 billion from nearly $3.50 billion in the second quarter of 2014. Markel Gayner Asset Management has equity investment thesis similar to that of Warren Buffett’s Berkshire.
Markel Gayner Asset Management’s largest equity position in the latest filing is in CarMax, Inc (NYSE:KMX). It neither increased nor reduced its position in the used-vehicle retailer during the third quarter of 2014. However, its new equity value there is more than $219.6 million.
CarMax, Inc (NYSE:KMX) is also a significant equity position in the portfolio of Gavin M. Abrams’ Abrams Bison Investment. The fund initiated a position in the stock in the second quarter of 2014 such that it closed the quarter with 958,419 shares in the company.
The second largest equity position in the portfolio of Markel Gayner Asset Management is Berkshire Hathaway Inc. (NYSE:BRK.A). The fund also kept its holding in the diversified insurance company unchanged in the third quarter. Its class A holding in the company is more than 1 million shares with a value of nearly $142 million. The Class B holding is 803 shares valued at more than $166 million.
Berkshire Hathaway Inc. (NYSE:BRK.A)’s Director, S Thomas Murphy, has offloaded more 1,900 shares of the company so far this month.
Walt Disney Co (NYSE:DIS) closes Markel Gayner Asset Management’s top three equity stakes. The fund owns more than 1.5 million shares with an estimated value of $135 million in the latest report. It increased the position from less than 1.5 million in the second quarter of 2014.
Walt Disney Co (NYSE:DIS)’s Director, W Robert Matschullat early this month sold 6,000 shares in the company.