UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter: March 31, 2000
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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: 4521 Highwoods Pkwy
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 05/08/00
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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: 62
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Form 13F Information Table Value Total: 247941
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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.
NONE
<PAGE>
<TABLE>
Markel Gayner Asset Management
FORM 13F
March 31, 1999
<CAPTION>
VALUE SHARES/ SH/ PUT/ INVSTMT -----VOTING AUTHORITY-----
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>
A.G. Edwards COM 025816109 404 10100 SH OTHER 10100
A.J. Gallagher COM 363576109 747 23000 SH OTHER 23000
Ace Limited COM G0070K103 3742 163600 SH OTHER 163600
Aluminum Company of America COM 022249106 10554 150241 SH OTHER 150241
American Express COM 025816109 8638 58000 SH OTHER 58000
Amwest COM 032345100 2083 241541 SH OTHER 241541
Anheuser Busch COM 035229103 21173 340134 SH OTHER 340134
Aurora Foods COM 05164B106 583 194400 SH OTHER 194400
Bank of New York COM 064057102 1263 30400 SH OTHER 30400
Berkshire Hathaway Class B COM 084670207 23842 13100 SH OTHER 13100
Berkshire Hathaway, Inc. COM 10382K102 11497 201 SH OTHER 201
Boeing Co COM 097023105 386 10200 SH OTHER 10200
Brown Forman Class A COM 115637100 4901 94700 SH OTHER 94700
Caraustar Industries COM 140909102 1636 115800 SH OTHER 115800
Carmax COM 172737306 962 290500 SH OTHER 290500
Cedar Fair LP COM 150185106 8586 432000 SH OTHER 432000
Centerpoint Property Trust COM 151895109 18361 503900 SH OTHER 503900
Cincinnati Financial COM 172062101 11676 310335 SH OTHER 310335
Circuit City COM 172737108 268 4400 SH OTHER 4400
Clayton Homes COM 184190106 7045 695800 SH OTHER 695800
Cleveland Cliffs COM 185896107 654 27700 SH OTHER 27700
DuPont COM 263534109 641 12102 SH OTHER 12102
Family Golf Centers COM 30701a106 160 160000 SH OTHER 160000
Federal Realty Trust COM 313747206 724 37500 SH OTHER 37500
General Dynamics COM 369550108 1517 30500 SH OTHER 30500
General Electric COM 369604103 498 3200 SH OTHER 3200
Glaxo COM 37733W105 229 4000 SH OTHER 4000
HCC Corporation COM 404132102 4114 310500 SH OTHER 310500
Hershey Foods COM 427866108 265 5430 SH OTHER 5430
Hillenbrand Industries COM 431573104 8174 240400 SH OTHER 240400
International Speedway COM 460335201 2368 52700 SH OTHER 52700
Interpublic Group COM 460690100 1742 36860 SH OTHER 36860
Investors Title Company COM 461804106 3247 245050 SH OTHER 245050
J. Alexanders COM 928753102 418 103000 SH OTHER 103000
Kimberly Clark Corp COM 494368103 1705 30405 SH OTHER 30405
LADD Financial Pfd B COM 160 32000 SH OTHER 32000
Lydall COM 550819106 321 36700 SH OTHER 36700
Marriot International COM 571903202 1288 40900 SH OTHER 40900
Martin Marietta Materials COM 573284106 20036 421816 SH OTHER 421816
Mattel COM 577081102 530 50500 SH OTHER 50500
National Golf Properties COM 63623G109 1765 83800 SH OTHER 83800
Nike COM 654106103 594 15000 SH OTHER 15000
Penn National Gaming COM 707569109 645 58100 SH OTHER 58100
Penn Virginia Corporation COM 707882106 1175 68600 SH OTHER 68600
Philip Morris, Inc. COM 718154107 2820 133491 SH OTHER 133491
Plum Creek Lumber MLP COM 729237107 593 24100 SH OTHER 24100
RDO Equipment Co COM 749413100 164 28500 SH OTHER 28500
RLI Corporation COM 749607107 10780 321799 SH OTHER 321799
Regal Beloit COM 758750103 264 15100 SH OTHER 15100
Regis Corporation COM 758932107 504 34000 SH OTHER 34000
ServiceMaster COM 817615107 4522 401943 SH OTHER 401943
Smithfield Foods COM 832248108 2540 127000 SH OTHER 127000
Synalloy Corporation COM 871565107 2161 292950 SH OTHER 292950
Tandy Corp COM 875382103 6131 120800 SH OTHER 120800
United Dominion Realty Trust COM 910197102 133 13200 SH OTHER 13200
United Technologies COM 913017109 359 5688 SH OTHER 5688
Valley National Bank COM 919794107 701 26100 SH OTHER 26100
Vulcan Materials COM 929160109 1374 30000 SH OTHER 30000
Washington Post Co COM 939640108 284 525 SH OTHER 525
Washington Real Estate Investm COM 939653101 6576 438400 SH OTHER 438400
Waste Management COM 94106l109 684 50000 SH OTHER 50000
XL Capital COM G3242A102 16028 289447 SH OTHER 289447
REPORT SUMMARY 62 DATA RECORDS 247941 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
