Thomas Gayner

Manufactures, wholesales and retails nonalcoholic beverages

Provides property and casualty insurance services

Provides educational services for students and professionals

Develops, manufactures and supplies medical devices used for reconstructive surgery, rehabilitation, pain management and physical therapy

MGAM manages portfolios of publicly traded securities, which consist primarily of common stocks, but may also include other securities, such as ETFs, money funds and other cash accounts, preferred stocks, bonds, debentures, warrants and options. The firm employs fundamental research to identify securities issued by attractive businesses, whose affairs are managed by honest and talented management, that exhibit reinvestment opportunities and capital discipline, and where those securities are selling at reasonable prices. Their investment horizon is long-term and they expect relatively low portfolio turnover. On occasion, the firm may pursue other strategies such as risk arbitrage, spin-offs, and companies in bankruptcy, and hedging.

Davenport uses a team approach to analyze and select investment ideas. Investment decisions are made by a majority vote of the Investment Policy Committee.

Provides auditing, assurance, consulting and tax & business consulting services

Functions as a College/University

Operates private hospitals