Markel Buys United Health, Liberty Media, & Google; Sells Lennox & Dell

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Markel Corporation (NYSE:MKL), the parent company of Markel Gayner Asset Management recently submitted its 13F filing with the Securities and Exchange Commission indicating that the firm has more than $2.69 billion assets under management (AUM) for the first quarter of fiscal 2013. Its AUM increased from $2.38 billion in the previous quarter.

Markel Corporation

Markel Corporation (MKL) Purchased New Stocks

During the first quarter, Markel Corporation (NYSE:MKL) purchased six new stocks, boosted its position across 24 stocks, reduced its stockholding in 33 stocks, and sold out its stake in eight stocks. Its top ten stockholdings account 47.21 percent of its portfolio.

Markel’s major new positions during the period include United Health Group Inc (NYSE:UNH) 392, 300 shares, Liberty Media Corporation (NASDAQ:LMCA) 42,000 shares, Google Inc (NASDAQ:GOOG) 5,000 shares, WellPoint Inc (NYSE:WLP) 50,000 shares, FactSet Research Systems Inc (NYSE:FDS) 29,000 shares, and (NASDAQ:AMZN) 5,000 shares.

The firm also boosted its stake in Archer Daniels Midland Company (NYSE:ADM) by 16,000 shares, The Bank of New York Mellon Corporation (NYSE:BK) by 23,000 shares, Hasbro, Inc (NASDAQ:HAS) by 38,300 shares, Mattel Inc (NASDAQ:MAT) by 39,000 shares, and Moody’s Corporation (NYSE:MCO) by 60,000 shares.

Markel also acquired an additional 239,500 shares of T. Rowe Price Group, Inc (NASDAQ:TROW), 20,000 shares of SEI Investments Company (NASDAQ:SEI), and 19,500 shares of TEVA Pharmaceutical Industries Ltd (ADR) (NYSE:TEVA).

Markel Corporation (NYSE:MKL) reduced its stake in Artio Global Investors, Inc (NYSE:ART) by 47 percent or more than 2.7 million shares. Its current stock holding in the company is almost 3 million shares worth over $8 million.

The firm also cut its stock holdings in Brookfield Asset Management Inc (NYSE:BAM) by 15,050 shares, Berkshire Hathaway (NYSE:BRK-B) by 7,987 shares, The Walt Disney Company (NYSE:DIS) 5,200 shares, General Electric (NYSE:GE) 13,379 shares, The Home Depot Inc (NYSE:HD) 6,262 shares, CarMax Inc (NYSE:KMX) 21,802 shares, and Marriot International Inc (NYSE:MAR) 10,639 shares.

During the period, the firm sold out its entire stake in Barrett Business Services Inc (NASDAQ:BBSI), Calamos Asset Management Inc (NASDAQ:CLMS), Dell Inc (NASDAQ:DELL), Lennox International Inc (NYSE:LII), McCormick & Company Incorporated (NYSE:MKC), Nicholas Financial Inc (NASDAQ:NICK), Resolute Forest Products Inc (NYSE:RFP), and DENSTPLY International Inc (NASDAQ:XRAY).

Markel Corporation (NYSE:MKL)’s largest positions in its portfolio include CarMax Inc (NYSE:KMX), which accounts 7.94 percent, Berkshire Hathaway Inc (NYSE:BRK-A) 6.39 percent, (NYSE:BRK-B) 6.01 percent, Diageo Plc (ADR) (NYSE:DEO) 5.76 percent, and Brookfield Asset Management Inc (NYSE:BAM) (TSE:BAM) 4.16 percent.

Tom Gayner is the head of the Markel Gayner Asset Management and he also serves as chief investment officer of the investment management firm.

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