UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter: September 30, 1999
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Check here if Amendment [ ]; Amendment Number: ____
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Markel Gayner Asset Management Corporation
Address: 4551 Cox Road
Glen Allen, VA 23060
Form 13F File Number: 28-6056
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The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Thomas S. Gayner
Title: President
Phone: 804-747-0136
Signature, Place, and Date of Signing:
Thomas S. Gayner Richmond, VA 11/02/99
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[Signature] [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported
by other reporting manager(s).)
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 66
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Form 13F Information Table Value Total: 237913
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column
headings and list entries.]
NONE
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<TABLE>
Markel Gayner Asset Management
FORM 13F
September 30, 1999
<CAPTION>
Voting Authority
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Value Shares/ Sh/ Put/ Invstmt
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
------------------------------ ---------------- --------- -------- ------- --- ---- ------- ---------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C>
D A.G. Edwards COM 025816109 259 10100 SH Other 10100
D A.J. Gallagher COM 363576109 607 11500 SH Other 11500
D AT&T COM 001957109 1066 25000 SH Other 25000
D Ace Limited COM G0070K103 2960 163900 SH Other 163900
D Allied Capital COM 019033109 7198 339738 SH Other 339738
D Aluminum Company of America COM 022249106 9642 161035 SH Other 161035
D American Express COM 025816109 9273 68000 SH Other 68000
D American International Group COM 026874107 375 4219 SH Other 4219
D Amwest COM 032345100 2455 243929 SH Other 243929
D Anheuser Busch COM 035229103 23953 333834 SH Other 333834
D Baldwin & Lyons, Inc. 'B' COM 057755209 1835 87900 SH Other 87900
D Bank of New York COM 064057102 1001 30100 SH Other 30100
D Berkshire Hathaway Class B COM 084670207 13076 6761 SH Other 6761
D Berkshire Hathaway, Inc. COM 10382K102 10686 179 SH Other 179
D Boeing Co COM 097023105 820 19500 SH Other 19500
D Brown Forman Class A COM 115637100 1769 31100 SH Other 31100
D Caraustar Industries COM 140909102 3121 137200 SH Other 137200
D Carmax COM 172737306 980 290500 SH Other 290500
D Cedar Fair LP COM 150185106 8594 397400 SH Other 397400
D Centerpoint Property Trust COM 151895109 15841 503900 SH Other 503900
D Cincinnati Financial COM 172062101 11773 310335 SH Other 310335
D Cleveland Cliffs COM 185896107 1827 57100 SH Other 57100
D Deere & Co COM 214199105 245 6200 SH Other 6200
D DuPont COM 263534109 716 12102 SH Other 12102
D Exel Limited COM G3242A102 13215 290447 SH Other 290447
D Family Golf Centers COM 30701a106 340 160000 SH Other 160000
D Federal Realty Trust COM 313747206 8481 408700 SH Other 408700
D General Electric COM 369604103 378 3200 SH Other 3200
D Glaxo COM 37733W105 207 4000 SH Other 4000
D HCC Corporation COM 404132102 5143 310500 SH Other 310500
D Hillenbrand Industries COM 431573104 6241 230100 SH Other 230100
D Host Marriott COM 44107p104 130 14100 SH Other 14100
D International Speedway COM 460335201 506 10000 SH Other 10000
D Interpublic Group COM 460690100 1426 37660 SH Other 37660
D Investors Title Company COM 461804106 3994 240250 SH Other 240250
D J. Alexanders COM 928753102 296 103000 SH Other 103000
D Kimberly Clark Corp COM 494368103 1119 20625 SH Other 20625
D Kinder Morgan Energy COM 494550106 209 5000 SH Other 5000
D LADD Financial Pfd B COM 160 32000 SH Other 32000
D Lockheed Martin COM 539830109 527 17204 SH Other 17204
D Lydall COM 550819106 382 37700 SH Other 37700
D Marriot International COM 571903202 927 30100 SH Other 30100
D Martin Marietta Materials COM 573284106 16296 411916 SH Other 411916
D National Golf Properties COM 63623G109 1917 83800 SH Other 83800
D Nike COM 654106103 807 15000 SH Other 15000
D Penn National Gaming COM 707569109 543 58100 SH Other 58100
D Penn Virginia Corporation COM 707882106 1471 69000 SH Other 69000
D Philip Morris, Inc. COM 718154107 4598 133991 SH Other 133991
D Plum Creek Lumber MLP COM 729237107 2951 112700 SH Other 112700
D RDO Equipment Co COM 749413100 219 28500 SH Other 28500
D RLI Corporation COM 749607107 10605 322580 SH Other 322580
D Regal Beloit COM 758750103 318 15100 SH Other 15100
D Regis Corporation COM 758932107 591 34000 SH Other 34000
D SL Green Corp COM 78440x101 800 39500 SH Other 39500
D ServiceMaster COM 817615107 2369 152843 SH Other 152843
D Smithfield Foods COM 832248108 3051 116500 SH Other 116500
D Synalloy Corporation COM 871565107 2073 298825 SH Other 298825
D Tandy Corp COM 875382103 5869 121800 SH Other 121800
D Terra Nova Corporation COM 876151033 525 16400 SH Other 16400
D Tredegar Corporation COM 894650100 547 25000 SH Other 25000
D United Dominion Realty Trust COM 910197102 162 14700 SH Other 14700
D United Insurance Co COM 902737105 206 8000 SH Other 8000
D United Technologies COM 913017109 327 5688 SH Other 5688
D Vulcan Materials COM 929160109 1056 30000 SH Other 30000
D Washington Post Co COM 939640108 276 525 SH Other 525
D Washington Real Estate Investm COM 939653101 6583 438900 SH Other 438900
S REPORT SUMMARY 66 DATA RECORDS 237,913 403,361 O OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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