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, 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 08/09/00
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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).)
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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: 79
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Form 13F Information Table Value Total: 277504
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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
June 30, 2000
<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> <C> <C> <C> <C>
A.G. Edwards COM 025816109 390 10000 SH Other 10000
A.J. Gallagher COM 363576109 966 23000 SH Other 23000
Abbott Laboratories COM 002824100 1047 23500 SH Other 23500
Ace Limited COM G0070K103 4217 150600 SH Other 150600
Aluminum Company of America COM 022249106 8314 286680 SH Other 286680
Alza Corp COM 009728040 597 10100 SH Other 10100
American Express COM 025816109 7506 144000 SH Other 144000
American Home Products COM 026609107 1851 31500 SH Other 31500
American Tower COM 029912201 780 18700 SH Other 18700
Amwest COM 032345100 1060 223245 SH Other 223245
Anheuser Busch COM 035229103 23452 314000 SH Other 314000
Aurora Foods COM 05164B106 740 185000 SH Other 185000
Automatic Data Processing COM 019411107 1109 20700 SH Other 20700
Bank of New York COM 064057102 1395 30000 SH Other 30000
Bell Atlantic COM 077853109 1092 19500 SH Other 19500
Bemis Co COM 081437105 403 12000 SH Other 12000
Beringer Wine COM 084102102 537 15200 SH Other 15200
Berkshire Hathaway Class B COM 084670207 31152 17700 SH Other 17700
Berkshire Hathaway, Inc. COM 10382K102 10760 200 SH Other 200
Bristol Myers Squibb COM 110122108 1182 20300 SH Other 20300
Brown Forman Class A COM 115637100 6847 129800 SH Other 129800
CIT Financial COM 125577106 1625 100000 SH Other 100000
Caraustar Industries COM 140909102 1600 105800 SH Other 105800
Carmax COM 172737306 854 253000 SH Other 253000
Cedar Fair LP COM 150185106 7867 408700 SH Other 408700
Centerpoint Property Trust COM 151895109 17649 433100 SH Other 433100
Cincinnati Financial COM 172062101 8342 265350 SH Other 265350
Clayton Homes COM 184190106 11750 1468700 SH Other 1468700
Cleveland Cliffs COM 185896107 715 27700 SH Other 27700
Ethan Allen Interiors COM 297602104 346 14400 SH Other 14400
Exxon Corporation COM 302290101 2347 29900 SH Other 29900
Gannett Company COM 364730101 1316 22000 SH Other 22000
General Dynamics COM 369550108 1045 20000 SH Other 20000
Gillette COM 005801303 349 10000 SH Other 10000
H&R Block COM 093671105 1263 39000 SH Other 39000
HCC Corporation COM 404132102 5861 310500 SH Other 310500
Hershey Foods COM 427866108 242 5000 SH Other 5000
Hillenbrand Industries COM 431573104 6403 204500 SH Other 204500
Intel COM 458140180 2059 15400 SH Other 15400
International Speedway COM 460335201 3008 72700 SH Other 72700
Interpublic Group COM 460690100 774 18000 SH Other 18000
Investors Title Company COM 461804106 2240 213300 SH Other 213300
J. Alexanders COM 928753102 381 99900 SH Other 99900
Johnson and Johnson COM 478160104 1385 13600 SH Other 13600
Kimberly Clark Corp COM 494368103 1422 24780 SH Other 24780
Lydall COM 550819106 379 35700 SH Other 35700
Marriot International COM 571903202 1442 40000 SH Other 40000
Marsh & McLennan COM 571748102 1723 16500 SH Other 16500
Martin Marietta Materials COM 573284106 14581 360586 SH Other 360586
Mattel COM 577081102 659 50000 SH Other 50000
McDonalds COM 580135101 800 24300 SH Other 24300
Merck COM 58155Q103 1096 14300 SH Other 14300
National Golf Properties COM 63623G109 1684 79700 SH Other 79700
Nike COM 654106103 597 15000 SH Other 15000
Penn National Gaming COM 707569109 792 58100 SH Other 58100
Penn Virginia Corporation COM 707882106 1674 68000 SH Other 68000
Pepsico COM 713448108 1480 33300 SH Other 33300
Pfizer Inc COM 717081103 2357 49100 SH Other 49100
Pharmacia & Upjohn COM 009967125 822 15900 SH Other 15900
<PAGE>
Markel Gayner Asset Management
FORM 13F
June 30, 2000
<CAPTION>
Voting Authority
--------------------------
Value Shares/ Sh/ Put/ Invstmt
Name of Issuer Title of class CUSIP (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None
------------------------------ ---------------- --------- -------- ------- --- ---- ------- ---------- -------- -------- --------
Philip Morris, Inc. COM 718154107 3041 114500 SH Other 114500
Procter & Gamble COM 009741445 595 10400 SH Other 10400
RDO Equipment Co COM 749413100 157 28500 SH Other 28500
RLI Corporation COM 749607107 10210 293818 SH Other 293818
Radio Shack COM 011267696 5772 120800 SH Other 120800
Regal Beloit COM 758750103 243 15100 SH Other 15100
Regis Corporation COM 758932107 400 32000 SH Other 32000
SBC Communications COM 78387G103 1336 30900 SH Other 30900
Schlumberger COM 806857108 1201 16100 SH Other 16100
ServiceMaster COM 817615107 4055 356443 SH Other 356443
Smithfield Foods COM 832248108 3452 123000 SH Other 123000
State Street Corp COM 857477103 1082 10200 SH Other 10200
Synalloy Corporation COM 871565107 1845 259450 SH Other 259450
Valley National Bank COM 919794107 884 36355 SH Other 36355
Vulcan Materials COM 929160109 2028 47500 SH Other 47500
Wal-Mart Stores COM 931142103 1625 28200 SH Other 28200
Washington Real Estate Investm COM 939653101 6977 390300 SH Other 390300
Waste Management COM 94106l109 950 50000 SH Other 50000
White Mountain COM G9618E107 1648 10300 SH Other 10300
XL Capital COM G3242A102 13677 252688 SH Other 252688
REPORT SUMMARY 79 DATA RECORDS 277504 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
