13F-HR 1 d13fhr.txt FORM 13F 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, 2001 ----------------- 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 -------- 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: 804-527-3806 Signature, Place, and Date of Signing: Thomas S. Gayner Richmond, VA 2/7/02 ---------------------- ---------------------------- ------------------- [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).) 1 Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 2 ----------------- Form 13F Information Table Entry Total: 106 ----------------- Form 13F Information Table Value Total: $ 581636 ----------------- (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. No. Form 13F File Number Name -- -------------------- ----- 1 28-6647 Markel Corporation 2 28-6745 Evanston Insurance Company Markel Gayner Asset Management Corporation FORM 13F December 31, 2001

Voting Authority Title of Value Shares/ Sh/ Put/ Invstmt Other -------------------- Name of Issuer Class Cusip (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ----------------------------------------------------------------------------------------------------------------------------- Abbott Laboratories COM 002824100 2068 37100 SH Other 1 37100 Ace Limited COM G0070K103 6332 157700 SH Other 1 157700 Albertsons COM 013104104 787 25000 SH Other 1,2 25000 4324 137300 SH Other 1 137300 Allied Capital Corp. COM 019033109 2600 100000 SH Other 1,2 100000 244 9400 SH Other 1 9400 Aluminum Company of America COM 022249106 6999 196880 SH Other 1,2 196880 3676 103402 SH Other 1 103402 American Express COM 025816109 4890 137000 SH Other 1,2 137000 7744 217000 SH Other 1 217000 American Home Products COM 026609107 1965 32020 SH Other 1 32020 Amwest COM 032345100 0 17328 SH Other 1 17328 Anheuser Busch COM 035229103 7143 158000 SH Other 1,2 158000 26598 588328 SH Other 1 588328 Automatic Data Processing COM 019411107 1820 30906 SH Other 1 30906 Bank of New York COM 064057102 2040 50000 SH Other 1,2 50000 4141 101500 SH Other 1 101500 Berkshire Hathaway Class B COM 084670207 13193 5225 SH Other 1,2 5225 56255 22279 SH Other 1 22279 Berkshire Hathaway, Inc. COM 10382K102 10962 145 SH Other 1,2 145 5594 74 SH Other 1 74 Bristol Myers Squibb COM 110122108 1555 30500 SH Other 1 30500 Brown Forman Class A COM 115637100 735 11500 SH Other 1,2 11500 8629 134930 SH Other 1 134930 Carmax COM 172737306 12245 538500 SH Other 1,2 538500 10426 458500 SH Other 1 458500 Cedar Fair LP COM 150185106 627 25300 SH Other 1 25300 Centerpoint Property Trust COM 151895109 12221 245400 SH Other 1,2 245400 14830 297800 SH Other 1 297800 Cincinnati Financial COM 172062101 6104 160000 SH Other 1,2 160000 13499 353835 SH Other 1 353835 Circuit City COM 172737108 10499 404596 SH Other 1 404596 Claire's Stores COM 179584107 377 25000 SH Other 1,2 25000 3136 207700 SH Other 1 207700 Clayton Homes COM 184190106 427 25000 SH Other 1,2 25000 27889 1630950 SH Other 1 1630950 Costco COM 22160K105 3328 75000 SH Other 1,2 75000 1776 40000 SH Other 1 40000 Exxon Corporation COM 302290101 2828 71972 SH Other 1 71972 Family Golf Centers Inc. COM 30701A106 0 60000 SH Other 1,2 60000 0 100000 SH Other 1 100000 Ford Motor Co. COM 345370100 393 25000 SH Other 1,2 25000 3192 203074 SH Other 1 203074 Gannett Company COM 364730101 1490 22167 SH Other 1 22167 General Electric COM 369604103 385 9600 SH Other 1 9600 Glaxo COM 37733W105 208 4000 SH Other 1 4000 Golden West Financial COM 381317106 1327 22550 SH Other 1 22550

Markel Gayner Asset Management Corporation FORM 13F December 31, 2001

Voting Authority Title of Value Shares/ Sh/ Put/ Invstmt Other --------------------- Name of Issuer Class Cusip (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None ----------------------------------------------------------------------------------------------------------------------------- HCC Corporation COM 404132102 16530 600000 SH Other 1,2 600000 7177 260500 SH Other 1 260500 Harrah's Entertainment COM 413619107 370 10000 SH Other 1,2 10000 5526 149300 SH Other 1 149300 Highlands Insurance Group COM 431032101 19 174900 SH Other 1 174900 International Speedway COM 460335201 888 22700 SH Other 1,2 22700 5939 151900 SH Other 1 151900 Interpublic Group COM 460690100 2009 68000 SH Other 1,2 68000 6244 211400 SH Other 1 211400 Investors Title Company COM 461804106 652 42200 SH Other 1,2 42200 3040 196950 SH Other 1 196950 Johnson and Johnson COM 478160104 1620 27404 SH Other 1 27404 Kaneb Services COM 484173109 307 15700 SH Other 1 15700 MBIA Inc. COM 55262C100 2783 51900 SH Other 1 51900 Marriot International COM 571903202 2707 66600 SH Other 1 66600 Marsh & McLennan COM 571748102 1773 16500 SH Other 1 16500 Martin Marietta Materials COM 573284106 1981 42500 SH Other 1,2 42500 21250 456016 SH Other 1 456016 Massey Energy COM 576206106 5413 261100 SH Other 1 261100 Merck COM 58155Q103 1736 29525 SH Other 1 29525 Mondavi Wineries COM 609200100 1737 45700 SH Other 1,2 45700 2839 74700 SH Other 1 74700 Nike COM 654106103 1687 30000 SH Other 1 30000 Penn National Gaming COM 707569109 941 31000 SH Other 1,2 31000 2357 77700 SH Other 1 77700 Pepsico COM 713448108 1660 34100 SH Other 1 34100 Pfizer Inc COM 717081103 2172 54500 SH Other 1 54500 Pharmacia & Upjohn COM 71713U102 1447 33920 SH Other 1 33920 Philip Morris, Inc. COM 718154107 5452 118900 SH Other 1 118900 Plains Resources Inc. COM 726540503 1118 45440 SH Other 1,2 45440 Plum Creek Lumber COM 729237107 445 15687 SH Other 1 15687 RLI Corporation COM 749607107 2084 46312 SH Other 1,2 46312 12542 278721 SH Other 1 278721 ServiceMaster COM 817615107 2139 155000 SH Other 1,2 155000 4462 323343 SH Other 1 323343 Southwest Airlines COM 844741108 462 25000 SH Other 1,2 25000 2421 131000 SH Other 1 131000 State Street Corp COM 857477103 522 10000 SH Other 1,2 10000 1066 20400 SH Other 1 20400 United Dominion Realty Trust COM 910197102 204 14200 SH Other 1 14200 United Mobile Homes COM 911024107 158 13000 SH Other 1 13000 United Parcel Service COM 911312106 545 10000 SH Other 1,2 10000 3194 58600 SH Other 1 58600 Valley National Bank COM 919794107 549 16647 SH Other 1,2 16647 1109 33677 SH Other 1 33677 Vulcan Materials COM 929160109 288 6000 SH Other 1,2 6000 2804 58500 SH Other 1 58500 Walt Disney Company COM 254687106 1036 50000 SH Other 1,2 50000 3216 155215 SH Other 1 155215 Washington Post Co COM 939640108 1868 3525 SH Other 1 3525 Washington Real Estate Investm COM 939653101 2377 95500 SH Other 1,2 95500 10008 402100 SH Other 1 402100 Waste Management COM 94106l109 798 25000 SH Other 1,2 25000 5625 176300 SH Other 1 176300 White Mountain COM G9618E107 104 300 SH Other 1,2 300 50460 145000 SH Other 1 145000 XL Capital COM G3242A102 32813 359160 SH Other 1,2 359160 21400 234237 SH Other 1 234237 Zimmer Holdings Inc. COM 98956P102 62 2030 SH Other 1 2030 REPORT SUMMARY 106 DATA RECORDS $581636 2 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED

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, 2001 ----------------- 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 Corporation Address: 4521 Highwoods Pkwy Glen Allen, VA 23060 Form 13F File Number: 28-6647 ------------- 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: Chief Investment Officer Phone: 804-527-3806 Signature, Place, and Date of Signing: Thomas S. Gayner Richmond, VA 2/7/02 ---------------------- ---------------------------- ------------------- [Signature] [City, State] [Date] Report Type (Check only one.): [_] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [X] 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).) List of Other Managers Reporting for this Manager: Form 13F File Number Name -------------------- ---- 28-6056 Markel Gayner Asset Management Corporation 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, 2001 ----------------- 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: Evanston Insurance Company Address: Ten Parkway North Deerfield, IL 60015 Form 13F File Number: 28-6745 -------------- 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: Anne Waleski Title: Assistant Treasurer Phone: 804-747-0136 Signature, Place, and Date of Signing: Anne Waleski Richmond, VA 2/7/02 ---------------------- ---------------------------- ------------------- [Signature] [City, State] [Date] Report Type (Check only one.): [_] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [X] 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).) List of Other Managers Reporting for this Manager: Form 13F File Number Name -------------------- ---- 28-6056 Markel Gayner Asset Management Corporation