Markel Gayner Asset Management Corporation’s portfolio for the second quarter of fiscal 2013 has a market value of $2,795,738,000 based on his latest 13F filing with the Securities and Exchange Commission (SEC). During the previous quarter, the investment management firm’s assets under management (AUM) were worth $2,690,974,442.

Markel Gayner

Tom Gayner manages the firm’s portfolio. According to Gayner, as an investor, he evaluates every company to find out if a certain company has a profitable business with good returns without using huge debt, has equally and sufficiently talented & honest management team, its style in managing capital and reinvestment dynamics. He also determines the valuation and the amount of investment his firm needs to acquire ownership in a company.

Markel New positions

During the second quarter, major new positions of Markel Gayner Asset Management include Synalloy Corporation (NASDAQ:SYNL) 485,343 shares worth $7,537,000, Chevron Corporation (NYSE:CVX) 43,000 shares with $5,089,000 market value, and Brookfield Property Partners LP (NYSE:BPY) 175,122 shares worth $3,555,000. The firm also bought $70,000 shares of ONEOK, Inc. (NYSE:OKE), and 116,900 shares of The Blackstone Group L.P. (NYSE:BX) worth $2,892,000 and $2,462,000, respectively.

In addition, the firm also acquired 115,000 shares of KKR & Co. L.P. (NYSE:KKR), 20,000 shares of Carlyle Group LP (NASDAQ:CG), 6,000 shares of Core Laboratories N.V. (NYSE:CLB), 30,000 shares Eni SpA (NYSE:E), and 18,000 shares of Ross Stores, Inc. (NASDAQ:ROST).

Markel Added positions

Markel Gayner Asset Management increased its stockholding in Arch Coal Inc (NYSE:ACI) by 607% or 340,000 shares,  Archer Daniels Midland Company (NYSE:ADM) by 33,500 shares,, Inc. (NASDAQ:AMZN) by 5,300 shares, Brookfield Asset Management Inc.(NYSE:BAM) (TSE:BAM.A) by 50,705 shares, and 10,000 shares of The Bank of New York Mellon Corporation (NYSE:BK).

The firm also boosted its stake in Peabody Energy Corporation (NYSE:BTU), CARBO Ceramics Inc. (NYSE:CRR) 32,000 shares, General Electric Company (NYSE:GE) 44,220 shares, Google Inc (NASDAQ:GOOG) 4,300 shares, Liberty Media Corp (NASDAQ:LMCA) (NASDAQ:LMCB) 43,000 shares, and National-Oilwell Varco, Inc. (NYSE:NOV) 55,000 shares among others.

Markel Sold and reduced positions

During the quarter, the firm sold out its stake in EOG Resources Inc (NYSE:EOG), Artio Global Investors Inc. (NYSE:ART), State Street Corporation (NYSE:STT), and Bunge Ltd (NYSE:BG).

It reduced its position in Microsoft Corporation (NASDAQ:MSFT) by 29,990 shares, Leucadia National Corp. (NYSE:LUK) by 28,100 shares, CarMax, Inc (NYSE:KMX) 11,700 shares, Johnson & Johnson (NYSE:JNJ) 9,900 shares, The Walt Disney Company (NYSE:DIS) 6,200 shares, and International Game Technology (NYSE:IGT) by 6,198 shares among others.