Markel Group Inc.
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ALPHABET INC | GOOG | $971.6M | 2,749,860 | +0.79pp | 31q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $834.2M | 1,114 | -0.35pp | 31q | HELD | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $766.6M | 1,531,971 | -0.31pp | 31q | HELD | |
| DEERE & CO | DE | $556.9M | 877,900 | +0.10pp | 31q | HELD | |
| BROOKFIELD CORP | BN | $556.8M | 13,073,609 | -0.19pp | 15q | HELD | |
| AMAZON COM INC | AMZN | $484.0M | 2,030,760 | +0.14pp | 31q | HELD | |
| ANALOG DEVICES INC | ADI | $397.0M | 999,671 | +0.30pp | 31q | -2.3%-$9.4M | |
| GOLDMAN SACHS GROUP INC | GS | $363.4M | 359,360 | +0.22pp | 31q | HELD | |
| APPLE INC | AAPL | $355.1M | 1,227,290 | +0.10pp | 31q | HELD | |
| CATERPILLAR INC | CAT | $350.0M | 328,650 | +0.72pp | 31q | HELD | |
| VISA INC | V | $347.9M | 1,013,912 | +0.11pp | 31q | +1.0%+$3.3M | |
| HOME DEPOT INC | HD | $325.3M | 922,500 | -0.06pp | 31q | HELD | |
| WATSCO INC | WSO | $249.1M | 597,750 | +0.12pp | 31q | +2.7%+$6.5M | |
| TEXAS INSTRS INC | TXN | $215.8M | 724,000 | +0.47pp | 31q | HELD | |
| BLACKROCK INC | BLK | $211.7M | 220,200 | -0.16pp | 7q | HELD | |
| ALPHABET INC | GOOGL | $204.4M | 572,000 | +0.18pp | 31q | HELD | |
| MICROSOFT CORP | MSFT | $200.5M | 537,630 | -0.14pp | 31q | HELD | |
| DISNEY WALT CO | DIS | $195.5M | 2,031,665 | -0.15pp | 31q | HELD | |
| AMERICAN EXPRESS CO | AXP | $165.9M | 490,450 | +0.02pp | 31q | HELD | |
| LOWES COS INC | LOW | $165.8M | 751,980 | -0.20pp | 31q | +1.8%+$3.0M | |
| PROGRESSIVE CORP | PGR | $164.7M | 753,750 | flat | 31q | HELD | |
| FRANCO NEV CORP | FNV | $161.2M | 773,500 | -0.24pp | 9q | +9.2%+$13.5M | |
| LPL FINL HLDGS INC | LPLA | $157.7M | 559,951 | -0.21pp | 15q | HELD | |
| JOHNSON & JOHNSON | JNJ | $155.1M | 610,800 | -0.07pp | 31q | HELD | |
| BLACKSTONE INC | BX | $144.6M | 1,229,000 | -0.08pp | 28q | HELD | |
| RLI CORP | RLI | $141.4M | 2,394,544 | -0.07pp | 31q | HELD | |
| GENERAL DYNAMICS CORP | GD | $138.5M | 391,000 | -0.07pp | 31q | HELD | |
| NOVO-NORDISK A S | NVO | $137.6M | 2,869,774 | +0.16pp | 31q | HELD | |
| KKR & CO INC | KKR | $133.2M | 1,451,800 | -0.11pp | 31q | HELD | |
| META PLATFORMS INC | META | $131.9M | 234,163 | -0.19pp | 31q | -5.7%-$8.0M | |
| SCHWAB CHARLES CORP | SCHW | $128.7M | 1,394,800 | -0.11pp | 31q | +0.8%+$1.0M | |
| MARSH & MCLENNAN COS INC | MRSH | $127.3M | 763,500 | -0.14pp | 31q | HELD | |
| APOLLO GLOBAL MGMT INC | APO | $119.8M | 1,012,500 | -0.03pp | 18q | HELD | |
| ARCHER DANIELS MIDLAND CO | ADM | $115.0M | 1,505,800 | -0.04pp | 31q | HELD | |
| LINDE PLC | LIN | $111.9M | 215,600 | flat | 14q | +5.4%+$5.7M | |
| DIAGEO PLC | DEO | $110.3M | 1,372,208 | -0.02pp | 31q | HELD | |
| MASTERCARD INCORPORATED | MA | $106.6M | 207,540 | -0.06pp | 31q | HELD | |
| DOLLAR GEN CORP | DG | $100.1M | 869,250 | -0.10pp | 20q | HELD | |
| BROOKFIELD ASSET MANAGMT LTD | BAM | $98.4M | 2,193,953 | -0.07pp | 15q | HELD | |
| HEICO CORP NEW | HEIA | $97.9M | 379,644 | +0.07pp | 31q | HELD | |
| MOODYS CORP | MCO | $96.9M | 213,890 | -0.04pp | 31q | HELD | |
| OLD DOMINION FREIGHT LINE IN | ODFL | $93.0M | 429,150 | +0.01pp | 17q | HELD | |
| NORFOLK SOUTHN CORP | NSC | $88.9M | 282,500 | flat | 31q | HELD | |
| ILLINOIS TOOL WKS INC | ITW | $88.6M | 327,500 | -0.04pp | 31q | HELD | |
| JPMORGAN CHASE & CO | JPM | $82.7M | 252,550 | +0.01pp | 31q | HELD | |
| NVR INC | NVR | $82.4M | 12,097 | -0.04pp | 31q | HELD | |
| MSCI INC | MSCI | $80.0M | 142,850 | -0.04pp | 31q | HELD | |
| ROCKWELL AUTOMATION INC | ROK | $76.7M | 154,900 | +0.12pp | 31q | HELD | |
| ECOLAB INC | ECL | $76.4M | 274,300 | -0.03pp | 31q | HELD | |
| SUNBELT RENTALS HOLDINGS INC | SUNB | $72.9M | 974,361 | +0.03pp | 2q | +1.1%+$822.9K | |
| STARBUCKS CORP | SBUX | $63.7M | 623,818 | +0.02pp | 31q | HELD | |
| ROLLINS INC | ROL | $63.3M | 1,516,525 | -0.19pp | 31q | +1.2%+$772.2K | |
| HANOVER INS GROUP INC | THG | $60.2M | 281,000 | +0.05pp | 18q | HELD | |
| INVESTORS TITLE CO NC | ITIC | $58.4M | 213,300 | +0.06pp | 31q | HELD | |
| CARLYLE GROUP INC | CG | $55.9M | 1,327,000 | -0.11pp | 26q | HELD | |
| TYSON FOODS INC | TSN | $52.3M | 913,500 | -0.08pp | 31q | +2.7%+$1.4M | |
| S&P GLOBAL INC | SPGI | $47.9M | 117,690 | -0.05pp | 31q | HELD | |
| AON PLC | AON | $45.0M | 135,800 | -0.02pp | 23q | HELD | |
| UNION PAC CORP | UNP | $43.8M | 161,028 | +0.03pp | 31q | +7.2%+$2.9M | |
| FERGUSON ENTERPRISES INC | FERG | $42.8M | 180,200 | -0.01pp | 8q | +5.6%+$2.3M | |
| RTX CORPORATION | RTX | $42.5M | 224,000 | -0.04pp | 7q | HELD | |
| CISCO SYS INC | CSCO | $41.8M | 355,500 | +0.09pp | 31q | HELD | |
| MERCADOLIBRE INC | MELI | $40.7M | 24,000 | +0.23pp | 2q | +340.4%+$31.5M | |
| YUM BRANDS INC | YUM | $39.2M | 245,213 | -0.02pp | 10q | HELD | |
| MARRIOTT INTL INC NEW | MAR | $36.9M | 99,500 | +0.02pp | 10q | +6.1%+$2.1M | |
| ALLSTATE CORP | ALL | $36.8M | 154,550 | +0.01pp | 23q | HELD | |
| THERMO FISHER SCIENTIFIC INC | TMO | $36.6M | 73,100 | flat | 19q | +8.9%+$3.0M | |
| COSTCO WHOLESALE CORPORATION | COST | $36.6M | 39,150 | -0.05pp | 31q | HELD | |
| HAGERTY INC | HGTY | $35.9M | 3,108,000 | flat | 13q | HELD | |
| PRICE T ROWE GROUP INC | TROW | $35.7M | 314,000 | +0.03pp | 31q | HELD | |
| UNITED RENTALS INC | URI | $35.3M | 31,150 | +0.08pp | 12q | HELD | |
| AIRBNB INC | ABNB | $34.7M | 242,389 | +0.01pp | 8q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $33.2M | 65,213 | -0.08pp | 22q | HELD | |
| HCA HEALTHCARE INC | HCA | $32.9M | 84,366 | -0.08pp | 12q | +2.3%+$754.8K | |
| SHERWIN WILLIAMS CO | SHW | $32.4M | 94,172 | -0.01pp | 31q | HELD | |
| FACTSET RESH SYS INC | FDS | $31.1M | 135,376 | -0.01pp | 31q | HELD | |
| LAMAR ADVERTISING CO | LAMR | $30.1M | 193,000 | +0.02pp | 26q | HELD | |
| VERISK ANALYTICS INC | VRSK | $28.0M | 155,950 | -0.03pp | 31q | HELD | |
| CSX CORP | CSX | $27.8M | 584,500 | +0.03pp | 5q | +10.3%+$2.6M | |
| APPLIED MATLS INC | AMAT | $26.3M | 36,350 | +0.10pp | 5q | HELD | |
| AIR PRODUCTS AND CHEMICALS I | APD | $25.9M | 88,500 | +0.01pp | 10q | +17.2%+$3.8M | |
| COMFORT SYS USA INC | FIX | $25.8M | 13,000 | +0.05pp | 11q | HELD | |
| CROWN HLDGS INC | CCK | $24.6M | 220,000 | flat | 31q | HELD | |
| BROWN FORMAN CORP | BFA | $23.1M | 843,000 | -0.01pp | 31q | HELD | |
| RENAISSANCERE HLDGS LTD | RNR | $22.2M | 70,000 | -0.01pp | 16q | HELD | |
| ENTERPRISE PRODS PARTNERS L | EPD | $20.9M | 569,000 | +0.10pp | 2q | +181.7%+$13.5M | |
| PHILIP MORRIS INTL INC | PM | $20.7M | 114,500 | flat | 31q | HELD | |
| ACCENTURE PLC IRELAND | ACN | $19.8M | 159,400 | -0.11pp | 31q | HELD | |
| COMCAST CORP NEW | CMCSA | $19.7M | 802,074 | -0.08pp | 31q | -16.6%-$3.9M | |
| HEXCEL CORP NEW | HXL | $18.9M | 189,000 | +0.02pp | 31q | HELD | |
| NIKE INC | NKE | $18.4M | 447,400 | -0.06pp | 31q | HELD | |
| CAPITAL ONE FINL CORP | COF | $18.3M | 91,000 | flat | 15q | HELD | |
| BANK OF NY MELLON CORP | BNY | $18.0M | 124,500 | +0.01pp | 29q | HELD | |
| CARRIER GLOBAL CORPORATION | CARR | $17.2M | 235,000 | +0.02pp | 25q | HELD | |
| WELLS FARGO & CO | WFC | $16.9M | 204,450 | -0.01pp | 31q | HELD | |
| SEI INVTS CO | SEIC | $15.2M | 173,200 | flat | 31q | HELD | |
| PAYCHEX INC | PAYX | $14.7M | 150,000 | flat | 31q | HELD | |
| HERSHEY CO | HSY | $13.2M | 75,000 | -0.03pp | 10q | HELD | |
| PEPSICO INC | PEP | $13.0M | 96,210 | -0.03pp | 31q | HELD | |
| BROWN FORMAN CORP | BFB | $12.6M | 474,187 | -0.01pp | 31q | HELD | |
| SPOTIFY TECHNOLOGY S A | SPOT | $11.9M | 25,900 | -0.01pp | 20q | HELD | |
| SHOPIFY INC | SHOP | $11.7M | 102,750 | -0.01pp | 18q | HELD | |
| EQUIFAX INC | EFX | $11.6M | 72,850 | -0.02pp | 31q | HELD | |
| CME GROUP INC | CME | $11.0M | 49,750 | -0.04pp | 7q | HELD | |
| CBOE GLOBAL MKTS INC | CBOE | $10.6M | 43,700 | -0.02pp | 6q | HELD | |
| UBER TECHNOLOGIES INC | UBER | $10.3M | 142,500 | -0.01pp | 13q | HELD | |
| OTIS WORLDWIDE CORP | OTIS | $9.6M | 133,620 | flat | 25q | +16.6%+$1.4M | |
| IQVIA HLDGS INC | IQV | $9.1M | 46,900 | flat | 14q | HELD | |
| HUNTINGTON INGALLS INDS INC | HII | $7.7M | 27,500 | -0.03pp | 7q | HELD | |
| EXXON MOBIL CORP | XOMXXXX | $7.7M | 56,100 | -0.01pp | 4q | +19.4%+$1.2M | |
| INSPERITY INC | NSP | $7.5M | 181,336 | +0.02pp | 10q | HELD | |
| CARMAX INC | KMX | $7.2M | 136,500 | +0.01pp | 15q | HELD | |
| SONY GROUP CORP | SONY | $6.7M | 335,000 | -0.01pp | 18q | HELD | |
| CANADIAN NATL RY CO | CNI | $6.4M | 53,500 | flat | 4q | HELD | |
| CANADIAN PACIFIC KANSAS CITY | CP | $6.3M | 73,000 | +0.01pp | 4q | +22.7%+$1.2M | |
| GRAHAM HLDGS CO | GHC | $5.9M | 5,200 | flat | 31q | HELD | |
| EASTMAN CHEM CO | EMN | $5.0M | 74,950 | -0.01pp | 26q | HELD | |
| ZOETIS INC | ZTS | $4.8M | 66,195 | - | new | NEW | |
| BRUNSWICK CORP | BC | $4.3M | 51,250 | flat | 8q | HELD | |
| BERKLEY W R CORP | WRB | $4.3M | 60,750 | flat | 31q | HELD | |
| MGM RESORTS INTERNATIONAL | MGM | $4.2M | 87,500 | flat | 7q | HELD | |
| ACUITY INC | AYI | $3.7M | 9,750 | +0.01pp | 7q | HELD | |
| INTERCONTINENTAL EXCHANGE IN | ICE | $3.6M | 28,870 | -0.01pp | 22q | HELD | |
| EAGLE MATLS INC | EXP | $3.3M | 14,750 | flat | 6q | HELD | |
| WEYERHAEUSER CO | WY | $2.9M | 120,000 | +0.02pp | 2q | +585.7%+$2.5M | |
| NETFLIX INC | NFLX | $2.9M | 40,000 | - | new | NEW | |
| SYSCO CORP | SYY | $2.5M | 30,500 | flat | 6q | HELD | |
| DOMINOS PIZZA INC | DPZ | $1.6M | 5,500 | flat | 8q | HELD | |
| BROWN & BROWN INC | BRO | $898.1K | 14,000 | flat | 3q | HELD | |
| UFP INDUSTRIES INC | UFPI | $363.0K | 4,000 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Insurance | $2.3B | 17.5% |
| Software & IT Services | $1.6B | 12.0% |
| Capital Markets | $1.5B | 11.3% |
| Retail & Consumer | $1.3B | 9.6% |
| Industrials | $1.0B | 7.9% |
| Business Services | $1.0B | 7.9% |
| Semiconductors & Electronics | $659.1M | 5.0% |
| Real Estate | $589.8M | 4.5% |
| Computer Hardware | $396.9M | 3.0% |
| Food, Drink & Tobacco | $360.2M | 2.7% |
| Autos & Aerospace | $319.8M | 2.4% |
| Biotech & Pharma | $306.5M | 2.3% |
| Other sectors | $1.8B | 13.6% |
| Not classified | $7.7M | 0.1% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| 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% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $13.1B | 130 | 3 | 22 | 3 | 2 | 42.9% | 31 |
| Q1 2026 | $11.9B | 129 | 4 | 39 | 2 | 3 | 42.0% | 31 |
| Q4 2025 | $12.5B | 128 | 1 | 41 | 3 | 2 | 42.0% | 37 |
| Q3 2025 | $12.3B | 129 | 3 | 26 | 2 | 11 | 40.9% | 31 |
| Q2 2025 | $11.8B | 137 | 3 | 28 | 6 | 1 | 39.8% | 32 |
| Q1 2025 | $11.3B | 135 | 3 | 38 | 1 | 0 | 41.3% | 32 |
| Q4 2024 | $11.3B | 132 | 6 | 44 | 2 | 6 | 40.1% | 38 |
| Q3 2024 | $11.1B | 132 | 6 | 37 | 4 | 8 | 39.2% | 32 |
| Q2 2024 | $10.2B | 134 | 3 | 40 | 2 | 1 | 39.7% | 33 |
| Q1 2024 | $10.1B | 132 | 5 | 39 | 1 | 1 | 39.4% | 33 |
| Q4 2023 | $9.2B | 128 | 2 | 39 | 2 | 7 | 38.8% | 33 |
| Q3 2023 | $8.3B | 133 | 6 | 38 | 4 | 4 | 39.0% | 34 |
| Q2 2023 | $8.4B | 131 | 4 | 38 | 2 | 4 | 39.1% | 35 |
| Q1 2023 | $7.9B | 131 | 3 | 39 | 2 | 6 | 38.6% | 28 |
| Q4 2022 | $7.5B | 134 | 8 | 50 | 2 | 5 | 39.2% | 34 |
| Q3 2022 | $6.8B | 131 | 1 | 43 | 1 | 1 | 41.3% | 35 |
| Q2 2022 | $7.0B | 131 | 7 | 38 | 2 | 2 | 40.9% | 36 |
| Q1 2022 | $8.4B | 126 | 11 | 34 | 0 | 5 | 43.5% | 29 |
| Q4 2021 | $8.7B | 120 | 5 | 22 | 1 | 10 | 41.8% | 35 |
| Q3 2021 | $7.9B | 125 | 3 | 18 | 1 | 3 | 42.7% | 36 |
| Q2 2021 | $7.9B | 125 | 9 | 18 | 0 | 2 | 42.9% | 37 |
| Q1 2021 | $7.2B | 118 | 4 | 16 | 3 | 1 | 43.3% | 30 |
| Q4 2020 | $6.7B | 115 | 3 | 12 | 2 | 1 | 42.8% | 36 |
| Q3 2020 | $5.9B | 113 | 1 | 1 | 0 | 1 | 42.6% | 30 |
| Q2 2020 | $5.4B | 113 | 5 | 2 | 3 | 22 | 41.9% | 34 |
| Q1 2020 | $5.3B | 130 | 6 | 56 | 3 | 10 | 40.1% | 31 |
| Q4 2019 | $7.2B | 134 | 3 | 59 | 2 | 1 | 38.7% | 38 |
| Q3 2019 | $6.6B | 132 | 4 | 55 | 2 | 9 | 39.4% | 32 |
| Q2 2019 | $6.5B | 137 | 6 | 52 | 3 | 2 | 40.3% | 33 |
| Q1 2019 | $6.0B | 133 | 1 | 48 | 1 | 0 | 39.6% | 33 |
| Q4 2018 | $5.2B | 132 | 0 | 0 | 0 | 0 | 42.0% | 39 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.