Markel Corp (MKL) filed their 13F-HR earlier this week. As we all know even the best money managers in the business have been taking it on the chin and Markel's Chief Investment Officer Tom Gayner was no exception. For the quarter ending in September 2008 Markel held 124 stocks in their investment portfolio totaling $1.5 billion dollars and by the end of this last quarter December 2008 their were 110 stock positions totaling 1.1 billion dollars. One of the biggest loser's that Gayner cut loose was LandAmerica Financial (LFGRQ.PK) that traded as high as $45.21 a share in the last 52 weeks and is now listed in the Pink Sheets for a nickel per share. Gayner increased his stakes in Brookfield Asset Mgmt(BAM) an asset management company with diverse holdings and $50 billion under management. Gayner also increased his holdings in Diago plc(DEO) a large producer and distiller of spirits, beer and wines. The Walt Disney Co. (DIS) the large diversified entertainment company and the creator of Mickey Mouse and friends was another holding where he upped his position.
interesting, have you been tracking them long? I haven't ever really tracked them in depth.
ReplyDeleteMarketFolly,
ReplyDeleteYes been tracking them for maybe 2 years, all of these companies - mkl,ffx and luk, operate in similar fashion as Berkshire Hathaway, However Leucadia(luk) is more of a holding/investment company and mkl and ffx are insurance companies with large stock portfolios like Berkshire...