# Markel Group Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1096343. Source: https://holderbook.com/funds/1096343-markel-group-inc/

- Reported value: $13.1B
- Positions: 130
- Weight of the ten largest: 42.9%
- Filed: 2026-07-31

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $971.6M | 2,749,860 | 7.4% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $834.2M | 1,114 | 6.4% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $766.6M | 1,531,971 | 5.8% | 31 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $556.9M | 877,900 | 4.2% | 31 |
| BROOKFIELD CORP | [BN](https://holderbook.com/stocks/BN/) | $556.8M | 13,073,609 | 4.2% | 15 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $484.0M | 2,030,760 | 3.7% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $397.0M | 999,671 | 3.0% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $363.4M | 359,360 | 2.8% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $355.1M | 1,227,290 | 2.7% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $350.0M | 328,650 | 2.7% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $347.9M | 1,013,912 | 2.6% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $325.3M | 922,500 | 2.5% | 31 |
| WATSCO INC | [WSO](https://holderbook.com/stocks/WSO/) | $249.1M | 597,750 | 1.9% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $215.8M | 724,000 | 1.6% | 31 |
| BLACKROCK INC | [BLK](https://holderbook.com/stocks/BLK/) | $211.7M | 220,200 | 1.6% | 7 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $204.4M | 572,000 | 1.6% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $200.5M | 537,630 | 1.5% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $195.5M | 2,031,665 | 1.5% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $165.9M | 490,450 | 1.3% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $165.8M | 751,980 | 1.3% | 31 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $164.7M | 753,750 | 1.3% | 31 |
| FRANCO NEV CORP | [FNV](https://holderbook.com/stocks/FNV/) | $161.2M | 773,500 | 1.2% | 9 |
| LPL FINL HLDGS INC | [LPLA](https://holderbook.com/stocks/LPLA/) | $157.7M | 559,951 | 1.2% | 15 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $155.1M | 610,800 | 1.2% | 31 |
| BLACKSTONE INC | [BX](https://holderbook.com/stocks/BX/) | $144.6M | 1,229,000 | 1.1% | 28 |
| RLI CORP | [RLI](https://holderbook.com/stocks/RLI/) | $141.4M | 2,394,544 | 1.1% | 31 |
| GENERAL DYNAMICS CORP | [GD](https://holderbook.com/stocks/GD/) | $138.5M | 391,000 | 1.1% | 31 |
| NOVO-NORDISK A S | [NVO](https://holderbook.com/stocks/NVO/) | $137.6M | 2,869,774 | 1.0% | 31 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $133.2M | 1,451,800 | 1.0% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $131.9M | 234,163 | 1.0% | 31 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $128.7M | 1,394,800 | 1.0% | 31 |
| MARSH & MCLENNAN COS INC | [MRSH](https://holderbook.com/stocks/MRSH/) | $127.3M | 763,500 | 1.0% | 31 |
| APOLLO GLOBAL MGMT INC | [APO](https://holderbook.com/stocks/APO/) | $119.8M | 1,012,500 | 0.9% | 18 |
| ARCHER DANIELS MIDLAND CO | [ADM](https://holderbook.com/stocks/ADM/) | $115.0M | 1,505,800 | 0.9% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $111.9M | 215,600 | 0.9% | 14 |
| DIAGEO PLC | [DEO](https://holderbook.com/stocks/DEO/) | $110.3M | 1,372,208 | 0.8% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $106.6M | 207,540 | 0.8% | 31 |
| DOLLAR GEN CORP | [DG](https://holderbook.com/stocks/DG/) | $100.1M | 869,250 | 0.8% | 20 |
| BROOKFIELD ASSET MANAGMT LTD | [BAM](https://holderbook.com/stocks/BAM/) | $98.4M | 2,193,953 | 0.7% | 15 |
| HEICO CORP NEW | [HEIA](https://holderbook.com/stocks/HEIA/) | $97.9M | 379,644 | 0.7% | 31 |
| MOODYS CORP | [MCO](https://holderbook.com/stocks/MCO/) | $96.9M | 213,890 | 0.7% | 31 |
| OLD DOMINION FREIGHT LINE IN | [ODFL](https://holderbook.com/stocks/ODFL/) | $93.0M | 429,150 | 0.7% | 17 |
| NORFOLK SOUTHN CORP | [NSC](https://holderbook.com/stocks/NSC/) | $88.9M | 282,500 | 0.7% | 31 |
| ILLINOIS TOOL WKS INC | [ITW](https://holderbook.com/stocks/ITW/) | $88.6M | 327,500 | 0.7% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $82.7M | 252,550 | 0.6% | 31 |
| NVR INC | [NVR](https://holderbook.com/stocks/NVR/) | $82.4M | 12,097 | 0.6% | 31 |
| MSCI INC | [MSCI](https://holderbook.com/stocks/MSCI/) | $80.0M | 142,850 | 0.6% | 31 |
| ROCKWELL AUTOMATION INC | [ROK](https://holderbook.com/stocks/ROK/) | $76.7M | 154,900 | 0.6% | 31 |
| ECOLAB INC | [ECL](https://holderbook.com/stocks/ECL/) | $76.4M | 274,300 | 0.6% | 31 |
| SUNBELT RENTALS HOLDINGS INC | [SUNB](https://holderbook.com/stocks/SUNB/) | $72.9M | 974,361 | 0.6% | 2 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $63.7M | 623,818 | 0.5% | 31 |
| ROLLINS INC | [ROL](https://holderbook.com/stocks/ROL/) | $63.3M | 1,516,525 | 0.5% | 31 |
| HANOVER INS GROUP INC | [THG](https://holderbook.com/stocks/THG/) | $60.2M | 281,000 | 0.5% | 18 |
| INVESTORS TITLE CO NC | [ITIC](https://holderbook.com/stocks/ITIC/) | $58.4M | 213,300 | 0.4% | 31 |
| CARLYLE GROUP INC | [CG](https://holderbook.com/stocks/CG/) | $55.9M | 1,327,000 | 0.4% | 26 |
| TYSON FOODS INC | [TSN](https://holderbook.com/stocks/TSN/) | $52.3M | 913,500 | 0.4% | 31 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $47.9M | 117,690 | 0.4% | 31 |
| AON PLC | [AON](https://holderbook.com/stocks/AON/) | $45.0M | 135,800 | 0.3% | 23 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $43.8M | 161,028 | 0.3% | 31 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $42.8M | 180,200 | 0.3% | 8 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $42.5M | 224,000 | 0.3% | 7 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $41.8M | 355,500 | 0.3% | 31 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $40.7M | 24,000 | 0.3% | 2 |
| YUM BRANDS INC | [YUM](https://holderbook.com/stocks/YUM/) | $39.2M | 245,213 | 0.3% | 10 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $36.9M | 99,500 | 0.3% | 10 |
| ALLSTATE CORP | [ALL](https://holderbook.com/stocks/ALL/) | $36.8M | 154,550 | 0.3% | 23 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $36.6M | 73,100 | 0.3% | 19 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $36.6M | 39,150 | 0.3% | 31 |
| HAGERTY INC | [HGTY](https://holderbook.com/stocks/HGTY/) | $35.9M | 3,108,000 | 0.3% | 13 |
| PRICE T ROWE GROUP INC | [TROW](https://holderbook.com/stocks/TROW/) | $35.7M | 314,000 | 0.3% | 31 |
| UNITED RENTALS INC | [URI](https://holderbook.com/stocks/URI/) | $35.3M | 31,150 | 0.3% | 12 |
| AIRBNB INC | [ABNB](https://holderbook.com/stocks/ABNB/) | $34.7M | 242,389 | 0.3% | 8 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $33.2M | 65,213 | 0.3% | 22 |
| HCA HEALTHCARE INC | [HCA](https://holderbook.com/stocks/HCA/) | $32.9M | 84,366 | 0.3% | 12 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $32.4M | 94,172 | 0.2% | 31 |
| FACTSET RESH SYS INC | [FDS](https://holderbook.com/stocks/FDS/) | $31.1M | 135,376 | 0.2% | 31 |
| LAMAR ADVERTISING CO | [LAMR](https://holderbook.com/stocks/LAMR/) | $30.1M | 193,000 | 0.2% | 26 |
| VERISK ANALYTICS INC | [VRSK](https://holderbook.com/stocks/VRSK/) | $28.0M | 155,950 | 0.2% | 31 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $27.8M | 584,500 | 0.2% | 5 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $26.3M | 36,350 | 0.2% | 5 |
| AIR PRODUCTS AND CHEMICALS I | [APD](https://holderbook.com/stocks/APD/) | $25.9M | 88,500 | 0.2% | 10 |
| COMFORT SYS USA INC | [FIX](https://holderbook.com/stocks/FIX/) | $25.8M | 13,000 | 0.2% | 11 |
| CROWN HLDGS INC | [CCK](https://holderbook.com/stocks/CCK/) | $24.6M | 220,000 | 0.2% | 31 |
| BROWN FORMAN CORP | [BFA](https://holderbook.com/stocks/BFA/) | $23.1M | 843,000 | 0.2% | 31 |
| RENAISSANCERE HLDGS LTD | [RNR](https://holderbook.com/stocks/RNR/) | $22.2M | 70,000 | 0.2% | 16 |
| ENTERPRISE PRODS PARTNERS L | [EPD](https://holderbook.com/stocks/EPD/) | $20.9M | 569,000 | 0.2% | 2 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $20.7M | 114,500 | 0.2% | 31 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $19.8M | 159,400 | 0.2% | 31 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $19.7M | 802,074 | 0.1% | 31 |
| HEXCEL CORP NEW | [HXL](https://holderbook.com/stocks/HXL/) | $18.9M | 189,000 | 0.1% | 31 |
| NIKE INC | [NKE](https://holderbook.com/stocks/NKE/) | $18.4M | 447,400 | 0.1% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $18.3M | 91,000 | 0.1% | 15 |
| BANK OF NY MELLON CORP | [BNY](https://holderbook.com/stocks/BNY/) | $18.0M | 124,500 | 0.1% | 29 |
| CARRIER GLOBAL CORPORATION | [CARR](https://holderbook.com/stocks/CARR/) | $17.2M | 235,000 | 0.1% | 25 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $16.9M | 204,450 | 0.1% | 31 |
| SEI INVTS CO | [SEIC](https://holderbook.com/stocks/SEIC/) | $15.2M | 173,200 | 0.1% | 31 |
| PAYCHEX INC | [PAYX](https://holderbook.com/stocks/PAYX/) | $14.7M | 150,000 | 0.1% | 31 |
| HERSHEY CO | [HSY](https://holderbook.com/stocks/HSY/) | $13.2M | 75,000 | 0.1% | 10 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $13.0M | 96,210 | 0.1% | 31 |
| BROWN FORMAN CORP | [BFB](https://holderbook.com/stocks/BFB/) | $12.6M | 474,187 | 0.1% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +9.4% | +14.8% | -5.4% | 100% |
| Q1 2026 | -5.5% | -4.6% | -0.9% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.6% | 100% |
| Q3 2025 | +3.9% | +7.8% | -3.9% | 100% |
| Q2 2025 | +4.8% | +10.5% | -5.6% | 100% |
| Q1 2025 | -1.3% | -4.6% | +3.2% | 100% |
| Q4 2024 | +1.4% | +2.1% | -0.8% | 100% |
| Q3 2024 | +8.4% | +5.4% | +2.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $13.1B | 130 |
| Q1 2026 | $11.9B | 129 |
| Q4 2025 | $12.5B | 128 |
| Q3 2025 | $12.3B | 129 |
| Q2 2025 | $11.8B | 137 |
| Q1 2025 | $11.3B | 135 |
| Q4 2024 | $11.3B | 132 |
| Q3 2024 | $11.1B | 132 |
| Q2 2024 | $10.2B | 134 |
| Q1 2024 | $10.1B | 132 |
| Q4 2023 | $9.2B | 128 |
| Q3 2023 | $8.3B | 133 |