13F-HR 1 d13fhr.txt FORM 13F-HR 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, 2002 ----------------- 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 5/13/02 ---------------------- ---------------------------- ------------------- [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: 107 ----------------- Form 13F Information Table Value Total: $ 616693 ----------------- (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 March 31, 2002

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 1951 37100 SH Other 1 37100 Ace Limited COM G0070K103 6526 156500 SH Other 1 156500 Albertsons COM 013104104 828 25000 SH Other 1,2 25000 4551 137300 SH Other 1 137300 Allied Capital Corp. COM 019033109 2750 100000 SH Other 1,2 100000 258 9400 SH Other 1 9400 Aluminum Company of America COM 022249106 7430 196880 SH Other 1,2 196880 3903 103402 SH Other 1 103402 American Express COM 025816109 5612 137000 SH Other 1,2 137000 8888 217000 SH Other 1 217000 Amwest COM 032345100 0 17328 SH Other 1 17328 Anheuser Busch COM 035229103 8248 158000 SH Other 1,2 158000 30727 588628 SH Other 1 588628 Automatic Data Processing COM 019411107 1801 30906 SH Other 1 30906 Bank of New York COM 064057102 2101 50000 SH Other 1,2 50000 5026 119600 SH Other 1 119600 Berkshire Hathaway Class B COM 084670207 12378 5225 SH Other 1,2 5225 53599 22625 SH Other 1 22625 Berkshire Hathaway, Inc. COM 10382K102 10309 145 SH Other 1,2 145 5262 74 SH Other 1 74 Bristol Myers Squibb COM 110122108 1640 40500 SH Other 1 40500 Brown Forman Class A COM 115637100 837 11500 SH Other 1,2 11500 9823 134930 SH Other 1 134930 Carmax COM 172737306 13926 538500 SH Other 1,2 538500 11883 459500 SH Other 1 459500 Cedar Fair LP COM 150185106 601 25300 SH Other 1 25300 Centerpoint Property Trust COM 151895109 13264 245400 SH Other 1,2 245400 16101 297900 SH Other 1 297900 Cincinnati Financial COM 172062101 6986 160000 SH Other 1,2 160000 15998 366435 SH Other 1 366435 Circuit City COM 172737108 7562 419196 SH Other 1 419196 Claire's Stores COM 179584107 487 25000 SH Other 1,2 25000 4046 207700 SH Other 1 207700 Clayton Homes COM 184190106 419 25000 SH Other 1,2 25000 27311 1630525 SH Other 1 1630525 Costco COM 22160K105 2987 75000 SH Other 1,2 75000 1592 40000 SH Other 1 40000 Exxon Corporation COM 302290101 3233 73772 SH Other 1 73772 Family Golf Centers Inc. COM 30701A106 0 60000 SH Other 1,2 60000 0 100000 SH Other 1 100000 Ford Motor Co. COM 345370100 412 25000 SH Other 1,2 25000 3382 205074 SH Other 1 205074 Gannett Company COM 364730101 1687 22167 SH Other 1 22167 General Electric COM 369604103 502 13400 SH Other 1 13400 Glaxo COM 37733W105 208 4000 SH Other 1 4000 Golden West Financial COM 381317106 1431 22535 SH Other 1 22535 HCC Corporation COM 404132102 16770 600000 SH Other 1,2 600000 7281 260500 SH Other 1 260500 Harrah's Entertainment COM 413619107 443 10000 SH Other 1,2 10000 6616 149500 SH Other 1 149500 Highlands Insurance Group COM 431032101 10 174900 SH Other 1 174900 International Speedway COM 460335201 1037 22700 SH Other 1,2 22700 6955 152200 SH Other 1 155200 Interpublic Group COM 460690100 2331 68000 SH Other 1,2 68000 7247 211400 SH Other 1 211400 Investors Title Company COM 461804106 779 42200 SH Other 1,2 42200 3636 196950 SH Other 1 196950 Johnson and Johnson COM 478160104 1780 27404 SH Other 1 27404 Kaneb Services COM 484173109 6654 297700 SH Other 1 297700 MBIA Inc. COM 55262C100 7235 132300 SH Other 1 132300 Marriot International COM 571903202 2994 66600 SH Other 1 66600 Marsh & McLennan COM 571748102 1860 16500 SH Other 1 16500 Martin Marietta Materials COM 573284106 1794 42500 SH Other 1,2 42500 19315 457480 SH Other 1 457480 Massey Energy COM 576206106 4413 261100 SH Other 1 261100 Merck COM 58155Q103 3341 58025 SH Other 1 58025 Mondavi Wineries COM 609200100 1642 45700 SH Other 1,2 45700 2685 74700 SH Other 1 7470

Markel Gayner Asset Management Corporation FORM 13F March 31, 2002

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 ------------------------------------------------------------------------------------------------------------------------- Nike COM 654106103 1800 30000 SH Other 1 30000 Penn National Gaming COM 707569109 1086 31000 SH Other 1,2 31000 2721 77700 SH Other 1 77700 Pepsico COM 713448108 1756 34100 SH Other 1 34100 Pfizer Inc COM 717081103 2210 55600 SH Other 1 55600 Pharmacia & Upjohn COM 71713U102 1529 33920 SH Other 1 33920 Philip Morris, Inc. COM 718154107 6262 118900 SH Other 1 118900 Plains Resources Inc. COM 726540503 1131 45440 SH Other 1,2 45440 Plum Creek Lumber COM 729237107 466 15687 SH Other 1 15687 RLI Corporation COM 749607107 2394 46312 SH Other 1,2 46312 14410 278721 SH Other 1 278721 ServiceMaster COM 817615107 2131 155000 SH Other 1,2 155000 4446 323343 SH Other 1 323343 Southwest Airlines COM 844741108 484 25000 SH Other 1,2 25000 2535 131000 SH Other 1 131000 State Street Corp COM 857477103 554 10000 SH Other 1,2 10000 1130 20400 SH Other 1 20400 United Dominion Realty Trust COM 910197102 225 14200 SH Other 1 14200 United Mobile Homes COM 911024107 162 13000 SH Other 1 13000 United Parcel Service COM 911312106 608 10000 SH Other 1,2 10000 3593 59100 SH Other 1 59100 Valley National Bank COM 919794107 585 16647 SH Other 1,2 16647 1182 33678 SH Other 1 33678 Vulcan Materials COM 929160109 285 6000 SH Other 1,2 6000 2781 58500 SH Other 1 58500 Walt Disney Company COM 254687106 1154 50000 SH Other 1,2 50000 3619 156815 SH Other 1 156815 Washington Post Co COM 939640108 2140 3525 SH Other 1 3525 Washington Real Estate Investm COM 939653101 2746 95500 SH Other 1,2 95500 11574 402600 SH Other 1 402600 Waste Management COM 94106l109 681 25000 SH Other 1,2 25000 5083 186536 SH Other 1 186536 White Mountains COM G9618E107 104 300 SH Other 1,2 300 50083 145000 SH Other 1 145000 Wellington Underwriting plc COM G9529T102 184 275000 SH Other 1 275000 Wyeth Inc. COM 026609107 2102 32020 SH Other 1 32020 XL Capital COM G3242A102 33528 359160 SH Other 1,2 359160 21876 234339 SH Other 1 234339 Zimmer Holdings Inc. COM 98956P102 69 2030 SH Other 1 2030 REPORT SUMMARY 107 DATA RECORDS $616693 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: March 31, 2002 ----------------- 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 5/13/02 ---------------------- ---------------------------- ------------------- [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: March 31, 2002 ----------------- 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 5/13/02 ---------------------- ---------------------------- ------------------- [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