UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter: December 31, 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: 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 02/08/00
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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: 63
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Form 13F Information Table Value Total: 246045
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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
<PAGE>
<TABLE>
Markel Gayner Asset Management
FORM 13F
December 31, 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>
A.G. Edwards COM 25816109 324 10100 SH Other 10100
A.J. Gallagher COM 363576109 745 11500 SH Other 11500
AT&T COM 1957109 874 17200 SH Other 17200
Ace Limited COM G0070K103 2735 163900 SH Other 163900
Aluminum Company of America COM 22249106 13349 160835 SH Other 160835
American Express COM 25816109 11305 68000 SH Other 68000
American International Group COM 26874107 456 4219 SH Other 4219
Amwest COM 32345100 1758 242541 SH Other 242541
Anheuser Busch COM 35229103 23731 334834 SH Other 334834
Aurora Foods COM 05164B106 1242 133400 SH Other 133400
Bank of New York COM 64057102 1204 30100 SH Other 30100
Berkshire Hathaway Class B COM 84670207 19133 10455 SH Other 10455
Berkshire Hathaway, Inc. COM 10382K102 11276 201 SH Other 201
Boeing Co COM 97023105 796 19200 SH Other 19200
Brown Forman Class A COM 115637100 2039 37800 SH Other 37800
Caraustar Industries COM 140909102 2808 117000 SH Other 117000
Carmax COM 172737306 672 290500 SH Other 290500
Cedar Fair LP COM 150185106 8370 432000 SH Other 432000
Centerpoint Property Trust COM 151895109 18340 504200 SH Other 504200
Cincinnati Financial COM 172062101 9679 310335 SH Other 310335
Clayton Homes COM 184190106 2527 275000 SH Other 275000
Cleveland Cliffs COM 185896107 1777 57100 SH Other 57100
DuPont COM 263534109 797 12102 SH Other 12102
Exel Limited COM G3242A102 15067 290447 SH Other 290447
Family Golf Centers COM 30701a106 225 160000 SH Other 160000
Federal Realty Trust COM 313747206 6959 369900 SH Other 369900
General Electric COM 369604103 495 3200 SH Other 3200
Glaxo COM 37733W105 223 4000 SH Other 4000
HCC Corporation COM 404132102 4095 310500 SH Other 310500
Hillenbrand Industries COM 431573104 7627 240700 SH Other 240700
International Speedway COM 460335201 1647 32700 SH Other 32700
Interpublic Group COM 460690100 2149 37260 SH Other 37260
Investors Title Company COM 461804106 4265 247250 SH Other 247250
J. Alexanders COM 928753102 322 103000 SH Other 103000
Kimberly Clark Corp COM 494368103 1350 20625 SH Other 20625
LADD Financial Pfd B COM 160 32000 SH Other 32000
Lockheed Martin COM 539830109 376 17204 SH Other 17204
Lydall COM 550819106 246 37200 SH Other 37200
Marriot International COM 571903202 1288 40800 SH Other 40800
Martin Marietta Materials COM 573284106 17319 422416 SH Other 422416
Mattel COM 577081102 663 50500 SH Other 50500
National Golf Properties COM 63623G109 1655 83800 SH Other 83800
Nike COM 654106103 743 15000 SH Other 15000
Penn National Gaming COM 707569109 523 58100 SH Other 58100
Penn Virginia Corporation COM 707882106 1156 69000 SH Other 69000
Philip Morris, Inc. COM 718154107 3082 133991 SH Other 133991
Plum Creek Lumber MLP COM 729237107 617 24700 SH Other 24700
RDO Equipment Co COM 749413100 167 28500 SH Other 28500
RLI Corporation COM 749607107 10968 322580 SH Other 322580
Regal Beloit COM 758750103 311 15100 SH Other 15100
Regis Corporation COM 758932107 642 34000 SH Other 34000
Safeskin COM 786454108 606 50000 SH Other 50000
ServiceMaster COM 817615107 4327 351443 SH Other 351443
Smithfield Foods COM 832248108 3048 127000 SH Other 127000
Synalloy Corporation COM 871565107 2207 294250 SH Other 294250
Tandy Corp COM 875382103 5981 121600 SH Other 121600
Terra Nova Corporation COM 876151033 492 16400 SH Other 16400
Tredegar Corporation COM 894650100 517 25000 SH Other 25000
United Dominion Realty Trust COM 910197102 145 14700 SH Other 14700
United Technologies COM 913017109 370 5688 SH Other 5688
Vulcan Materials COM 929160109 1198 30000 SH Other 30000
Washington Post Co COM 939640108 292 525 SH Other 525
Washington Real Estate Investm COM 939653101 6583 438900 SH Other 438900
REPORT SUMMARY 63 DATA RECORDS 246045 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED
</TABLE>
