ThZeal - The Zeal

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: June 30, 2003 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 08/08/03 ------------------------- ------------------------- ------------------------- [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: 3 ---------- Form 13F Information Table Entry Total: 175 ---------- Form 13F Information Table Value Total: $ 790301 ---------- (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 3. 28-10352 Essex Insurance Company~~
Markel Gayner Asset Management Corporation FORM 13F June 30, 2003
Voting Title Authority 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 1623 37100 SH Other 1 37100 Ace Limited COM G0070K103 4650 135600 SH Other 1,3 135600 538 15700 SH Other 1 15700 Aflac COM 001055102 615 20000 SH Other 1,2 20000 308 10000 SH Other 1,3 10000 24 800 SH Other 1 800 Allied Capital Corp. COM 019033109 3130 135500 SH Other 1,2 135500 231 10000 SH Other 1,3 10000 6722 290995 SH Other 1 290995 Altria Group Inc. COM 02209S103 5389 118600 SH Other 1 118600 American Express COM 025816109 5728 137000 SH Other 1,2 137000 418 10000 SH Other 1,3 10000 8885 212500 SH Other 1 212500 Anheuser Busch COM 035229103 23083 452175 SH Other 1,2 452175 4595 90000 SH Other 1,3 90000 19616 384245 SH Other 1 384245 Astoria Financial COM 046265104 1117 40000 SH Other 1,2 40000 126 4500 SH Other 1 4500 Aurora Foods COM 05164B106 16 46906 SH Other 1,3 46906 Automatic Data Processing COM 019411107 4740 140000 SH Other 1,2 140000 339 10000 SH Other 1,3 10000 2486 73406 SH Other 1 73406 Bank One COM 06423A103 744 20000 SH Other 1 20000 Bank of New York COM 064057102 5031 175000 SH Other 1,2 175000 1437 50000 SH Other 1,3 50000 5089 177000 SH Other 1 177000 Baxter International COM 071813109 260 10000 SH Other 1,2 10000 520 20000 SH Other 1,3 20000 785 30200 SH Other 1 30200 Berkshire Hathaway Class B COM 084670207 33145 13640 SH Other 1,2 13640 6075 2500 SH Other 1,3 2500 37522 15441 SH Other 1 15441 Berkshire Hathaway, Inc. COM 10382K102 14500 200 SH Other 1,2 200 2900 40 SH Other 1,3 40 13847 191 SH Other 1 191 Bristol Myers Squibb COM 110122108 2851 105000 SH Other 1,3 105000 1558 57400 SH Other 1 57400 Brown & Brown COM 115236101 156 4805 SH Other 1,2 4805 260 8009 SH Other 1,3 8009 Brown Forman Class A COM 115637100 926 11500 SH Other 1,2 11500 644 8000 SH Other 1,3 8000 10109 125580 SH Other 1 125580 Capital Automotive REIT COM 139733109 280 10000 SH Other 1,3 10000 Carmax COM 143130102 29502 978500 SH Other 1,2 978500 4372 145000 SH Other 1,3 145000 23360 774792 SH Other 1 774792 Cedar Fair LP COM 150185106 683 24400 SH Other 1 24400 Centerpoint Property Trust COM 151895109 15031 245400 SH Other 1,2 245400 3675 60000 SH Other 1,3 60000

Voting Authority ---------------- Title Shares/ of Value Prn Sh/ Put/ Invstmt Other Name of Issuer Class Cusip (x$1000) Amt Prn Call Dscretn Managers Sole Shared None -------------- ----- --------- -------- ------- --- ---- ------- -------- ---- ------ ---- 14495 236650 SH Other 1 236650 Cincinnati Financial COM 172062101 6297 170000 SH Other 1,2 170000 5732 154750 SH Other 1,3 154750 8600 232185 SH Other 1 232185 Claire's Stores COM 179584107 634 25000 SH Other 1,2 25000 5085 200500 SH Other 1 200500 Corus Bankshares COM 220873103 1757 36500 SH Other 1,2 36500 1877 39000 SH Other 1 39000 Costco COM 22160K105 2745 75000 SH Other 1,2 75000 1464 40000 SH Other 1 40000 Cox Communications COM 224044107 319 10000 SH Other 1 10000 Crescent Realt Estate-REIT COM 225756105 166 10000 SH Other 1 10000 Diageo PLC COM 25243Q205 17723 405000 SH Other 1,2 405000 7505 171500 SH Other 1,3 171500 10741 245470 SH Other 1 245470 Duke Energy COM 264399106 539 27000 SH Other 1 27000 Exxon Mobil Corporation COM 30231G102 1077 30000 SH Other 1,2 30000 1436 40000 SH Other 1,3 40000 3145 87572 SH Other 1 87572 Federated Investors Inc. COM 314211103 274 10000 SH Other 1,3 10000 Forest City Enterprises COM 345550107 12887 310900 SH Other 1,2 310900 2072 50000 SH Other 1,3 50000 3105 74900 SH Other 1 74900 Gannett Company COM 364730101 7681 100000 SH Other 1,2 100000 768 10000 SH Other 1,3 10000 3492 45467 SH Other 1 45467 General Dynamics COM 369550108 7613 105000 SH Other 1,2 105000 1450 20000 SH Other 1,3 20000 5535 76350 SH Other 1 76350 General Electric COM 369604103 412 14350 SH Other 1 14350 Golden West Financial COM 381317106 4001 50000 SH Other 1,2 50000 800 10000 SH Other 1,3 10000 7638 95465 SH Other 1 95465 H&R Block COM 093671105 2595 60000 SH Other 1,2 60000 519 12000 SH Other 1 12000 HCC Corporation COM 404132102 9906 335000 SH Other 1,2 335000 2972 100500 SH Other 1 100500 Harrah's Entertainment COM 413619107 2414 60000 SH Other 1,2 60000 805 20000 SH Other 1,3 20000 6917 171900 SH Other 1 171900 International Game Tech. COM 459902102 205 2000 SH Other 1 2000 International Speedway COM 460335201 3662 92700 SH Other 1,2 92700 593 15000 SH Other 1,3 15000 7329 185500 SH Other 1 185500 Interpublic Group COM 460690100 910 68000 SH Other 1,2 68000 803 60000 SH Other 1,3 60000 2455 183500 SH Other 1 183500 Investors Title Company COM 461804106 1204 42200 SH Other 1,2 42200 4356 152600 SH Other 1,3 152600 1220 42750 SH Other 1 42750 Johnson and Johnson COM 478160104 1034 20000 SH Other 1,3 20000 1406 27200 SH Other 1 27200 Kaneb Services COM 484173109 2496 85500 SH Other 1,2 85500 6436 220500 SH Other 1,3 220500

Voting Title Authority of Value Shares/ Sh/ Put/ Invstmt Other ---------------- Name of Issuer Class Cusip (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None -------------- ----- --------- -------- ------- --- ---- ------- -------- ---- ------ ---- 4811 164800 SH Other 1 164800 Lamar Communications COM 512815101 355 10000 SH Other 1 10000 Leucadia National Corp. COM 527288104 742 20000 SH Other 1,3 20000 23 600 SH Other 1 600 MBIA Inc. COM 55262C100 8044 165000 SH Other 1,2 165000 8531 175000 SH Other 1,3 175000 9891 202900 SH Other 1 202900 Marriott International COM 571903202 6724 175000 SH Other 1,2 175000 768 20000 SH Other 1,3 20000 4987 129800 SH Other 1 129800 Marsh & McLennan COM 571748102 2553 50000 SH Other 1,2 50000 4244 83100 SH Other 1 83100 Martin Marietta Materials COM 573284106 1428 42500 SH Other 1,2 42500 8405 250086 SH Other 1,3 250086 7489 222794 SH Other 1 222794 Merck COM 58155Q103 3919 64725 SH Other 1 64725 Mission West Properties REIT COM 605203108 114 10000 SH Other 1,3 10000 New York Community Bank COM 649445103 873 30000 SH Other 1,2 30000 Northern Trust Corp. COM 665859104 1248 30000 SH Other 1,2 30000 416 10000 SH Other 1,3 10000 416 10000 SH Other 1 10000 Penn National Gaming COM 707569109 1272 62000 SH Other 1,2 62000 2779 135400 SH Other 1,3 135400 410 20000 SH Other 1 20000 Pepsico COM 713448108 1517 34100 SH Other 1 34100 Pfizer Inc. COM 717081103 219 6400 SH Other 1 6400 Pitney Bowes Inc. COM 724479100 384 10000 SH Other 1 10000 Plum Creek Lumber COM 729237107 1328 51187 SH Other 1 51187 Prologis COM 743410102 273 10000 SH Other 1,3 10000 RLI Corporation COM 749607107 3409 103624 SH Other 1,2 103624 13047 396576 SH Other 1,3 396576 4719 143421 SH Other 1 143421 Reynolds & Reynolds 'A' COM 761695105 286 10000 SH Other 1,2 10000 286 10000 SH Other 1 10000 Schering Plough COM 806605101 279 15000 SH Other 1,2 15000 558 30000 SH Other 1,3 30000 917 49300 SH Other 1 49300 ServiceMaster COM 817615107 1659 155000 SH Other 1,2 155000 334 31200 SH Other 1,3 31200 2718 254043 SH Other 1 254043 State Street Corp. COM 857477103 788 20000 SH Other 1,2 20000 804 20400 SH Other 1 20400 T Rowe Price Group COM 74144T108 1133 30000 SH Other 1,2 30000 378 10000 SH Other 1,3 10000 944 25000 SH Other 1 25000 Tiffany COM 886547108 3105 95000 SH Other 1,2 95000 653 20000 SH Other 1,3 20000 964 29500 SH Other 1 29500 United Mobile Homes COM 911024107 197 13000 SH Other 1 13000 Valley National Bank COM 919794107 852 32348 SH Other 1,2 32348 1181 44817 SH Other 1 44817 Vulcan Materials COM 929160109 2447 66000 SH Other 1,2 66000 1520 41000 SH Other 1,3 41000 2558 69030 SH Other 1 69030

Voting Title Authority of Value Shares/ Sh/ Put/ Invstmt Other ---------------- Name of Issuer Class Cusip (x$1000) Prn Amt Prn Call Dscretn Managers Sole Shared None -------------- ----- --------- -------- ------- --- ---- ------- -------- ---- ------ ---- Walt Disney Company COM 254687106 1778 90000 SH Other 1,2 90000 987 50000 SH Other 1,3 50000 6017 304665 SH Other 1 304665 Washington Post Co. COM 939640108 1319 1800 SH Other 1,3 1800 1631 2225 SH Other 1 2225 Washington Real Estate COM 939653101 2598 95500 SH Other 1,2 95500 Investment 5856 215293 SH Other 1,3 215293 5440 200007 SH Other 1 200007 Waste Management COM 94106l109 1686 70000 SH Other 1,2 70000 241 10000 SH Other 1,3 10000 5828 241936 SH Other 1 241936 White Mountains COM G9618E107 118 300 SH Other 1,2 300 3950 10000 SH Other 1,3 10000 53325 135000 SH Other 1 135000 Wyeth Inc. COM 026609107 1454 31920 SH Other 1 31920 XL Capital COM G3242A102 29810 359160 SH Other 1,2 359160 9021 108688 SH Other 1,3 108688 10400 125300 SH Other 1 125300
~~REPORT SUMMARY DATA RECORDS: 175 $790301 3 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: June 30, 2003____ 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 08/08/03 ------------------------- ------------------------- ------------------------- [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: June 30, 2003 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 08/08/03 ------------------------- ------------------------- ------------------------- [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: June 30, 2003____ 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: Essex Insurance Company Address: 4521 Highwoods Parkway Glen Allen, VA 23060 Form 13F File Number: 28-10352____ 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 08/08/03 ------------------------- ------------------------- ------------------------- [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