UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter: June 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 7/28/99
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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).)
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Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 71
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Form 13F Information Table Value Total: 252881
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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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Markel Gayner Asset Management
FORM 13F
June 30, 1999
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 300 10100 SH Other 10100
D A.J. Gallagher COM 561 11500 SH Other 11500
D AT&T COM 1366 25000 SH Other 25000
D Ace Limited COM G0070K103 4538 163900 SH Other 163900
D Allied Capital COM 019033109 7007 339738 SH Other 339738
D Aluminum Company of America COM 022249106 9772 156035 SH Other 156035
D American Express COM 025816109 8326 68000 SH Other 68000
D American International Group COM 026874107 407 3375 SH Other 3375
D Amwest COM 032345100 2241 252456 SH Other 252456
D Anheuser Busch COM 035229103 23653 333434 SH Other 333434
D Baldwin & Lyons, Inc. 'B' COM 057755209 2088 87900 SH Other 87900
D Bank of New York COM 1042 30000 SH Other 30000
D Berkshire Hathaway Class B COM 084670207 1886 846 SH Other 846
D Berkshire Hathaway, Inc. COM 10382K102 12387 179 SH Other 179
D Boeing Co COM 097023105 2156 49500 SH Other 49500
D Brown Forman Class A COM 1493 25300 SH Other 25300
D Caraustar Industries COM 140909102 3523 137500 SH Other 137500
D Carmax COM 172737306 1409 245000 SH Other 245000
D Cedar Fair LP COM 150185106 6992 282500 SH Other 282500
D Centerpoint Property Trust COM 151895109 17374 497300 SH Other 497300
D Cincinnati Financial COM 172062101 11644 311535 SH Other 311535
D Cleveland Cliffs COM 185896107 1855 57300 SH Other 57300
D Crown Central Petroleum Class COM 191 20100 SH Other 20100
D Crown Central Petroleum Class COM 164 17300 SH Other 17300
D Deere & Co COM 214199105 247 6200 SH Other 6200
D DuPont COM 263534109 803 12102 SH Other 12102
D Equity Residential COM 29476L107 1927 43539 SH Other 43539
D Exel Limited COM G3242A102 16495 290347 SH Other 290347
D Federal Realty Trust COM 313747206 10615 466600 SH Other 466600
D Foremost Corporation of Americ COM 345469100 1782 81000 SH Other 81000
D General Electric COM 369604103 334 3200 SH Other 3200
D Glaxo COM 37733W105 226 4000 SH Other 4000
D HCC Corporation COM 404132102 6435 305500 SH Other 305500
D Hillenbrand Industries COM 7413 178900 SH Other 178900
D Host Marriott COM 132 12000 SH Other 12000
D Interpublic Group COM 460690100 1566 18830 SH Other 18830
D Investors Title Company COM 461804106 3964 240250 SH Other 240250
D J. Alexanders COM 928753102 415 103800 SH Other 103800
D Kimberly Clark Corp COM 1150 20325 SH Other 20325
D LADD Financial Pfd B COM 160 32000 SH Other 32000
D Lockheed Martin COM 539830109 617 17204 SH Other 17204
D Lydall COM 550819106 426 37700 SH Other 37700
D Marriot International COM 883 25000 SH Other 25000
D Martin Marietta Materials COM 573284106 19529 349516 SH Other 349516
D National Golf Properties COM 63623G109 2105 83800 SH Other 83800
D Nike COM 654106103 936 15000 SH Other 15000
D Penn National Gaming COM 707569109 556 58100 SH Other 58100
D Penn Virginia Corporation COM 707882106 1328 69000 SH Other 69000
D Philip Morris, Inc. COM 718154107 5519 133991 SH Other 133991
D Plum Creek Lumber MLP COM 729237107 6264 195000 SH Other 195000
D RDO Equipment Co COM 265 28500 SH Other 28500
D RLI Corporation COM 749607107 12056 322580 SH Other 322580
D Regal Beloit COM 374 15100 SH Other 15100
D SL Green Corp COM 78440x101 805 39500 SH Other 39500
D ServiceMaster L.P. COM 817615107 512 27943 SH Other 27943
D Smithfield Foods COM 832248108 2040 63000 SH Other 63000
D St. Joe Corporation COM 790148100 1375 52900 SH Other 52900
D Sunstone Hotel Investors COM 867933103 465 52400 SH Other 52400
D Synalloy Corporation COM 871565107 2383 307425 SH Other 307425
D Tandy Corp COM 875382103 5542 121800 SH Other 121800
D Terra Nova Corporation COM 876151033 437 16400 SH Other 16400
D Tredegar Corporation COM 894650100 536 25000 SH Other 25000
D United Asset Management COM 909420101 1756 83132 SH Other 83132
D United Dominion Realty Trust COM 910197102 164 14700 SH Other 14700
D United Insurance Co COM 902737105 221 8000 SH Other 8000
D United Technologies COM 913017109 368 5688 SH Other 5688
D Unum COM 903192102 278 4800 SH Other 4800
D Vulcan Materials COM 929160109 1397 30000 SH Other 30000
D Washington Post Co COM 289 525 SH Other 525
D Washington Real Estate Investm COM 939653101 7190 439100 SH Other 439100
D Wilmington Trust Co COM 971807102 226 4000 SH Other 4000
S REPORT SUMMARY 71 DATA RECORDS 252881 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
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