Markel Group

Conglomerate

Manager: Tom Gayner
Quarter: Q2 2026
Filed: 2026-07-31
13F value: $13.13B
Positions: 130
CIK: 0001096343

Min weight

#					# Shares			Source
1	Alphabet IncGOOG HISTORY	7.40%	—	$971.6M	2,749,860	—	0.02%	13F
2	Berkshire Hathaway Inc DelBRK-A HISTORY	6.35%	—	$834.2M	1,114	—	0.12%	13F
3	Berkshire Hathaway Inc DelBRK-B HISTORY	5.84%	—	$766.6M	1,531,971	—	162.72%	13F
4	Deere & CoDE HISTORY	4.24%	—	$556.9M	877,900	—	0.33%	13F
5	Brookfield CorpBN HISTORY	4.24%	—	$556.8M	13,073,609	—	—	13F
6	Amazon Com IncAMZN HISTORY	3.69%	—	$484.0M	2,030,760	—	0.02%	13F
7	Analog Devices IncADI HISTORY	3.02%	(2.3%)	$397.0M	999,671	(23,574)	0.21%	13F
8	Goldman Sachs Group IncGS HISTORY	2.77%	—	$363.4M	359,360	—	0.12%	13F
9	Apple IncAAPL HISTORY	2.70%	—	$355.1M	1,227,290	—	0.01%	13F
10	Caterpillar IncCAT HISTORY	2.67%	—	$350.0M	328,650	—	0.07%	13F
11	Visa IncV HISTORY	2.65%	+1.0%	$347.9M	1,013,912	+9,581	0.22%	13F
12	Home Depot IncHD HISTORY	2.48%	+0.3%	$325.3M	922,500	+2,500	0.09%	13F
13	Watsco IncWSO HISTORY	1.90%	+2.7%	$249.1M	597,750	+15,581	1.57%	13F
14	Texas Instrs IncTXN HISTORY	1.64%	—	$215.8M	724,000	—	0.08%	13F
15	Blackrock IncBLK HISTORY	1.61%	—	$211.7M	220,200	—	—	13F
16	Alphabet IncGOOGL HISTORY	1.56%	—	$204.4M	572,000	—	0.00%	13F
17	Microsoft CorpMSFT HISTORY	1.53%	—	$200.5M	537,630	—	0.01%	13F
18	Disney Walt CoDIS HISTORY	1.49%	—	$195.5M	2,031,665	—	0.12%	13F
19	American Express CoAXP HISTORY	1.26%	—	$165.9M	490,450	—	0.07%	13F
20	Lowes Cos IncLOW HISTORY	1.26%	+1.8%	$165.8M	751,980	+13,500	0.13%	13F
21	Progressive CorpPGR HISTORY	1.25%	—	$164.7M	753,750	—	0.13%	13F
22	Franco Nev CorpFNV HISTORY	1.23%	+9.2%	$161.2M	773,500	+65,000	0.40%	13F
23	LPL Finl Hldgs IncLPLA HISTORY	1.20%	—	$157.7M	559,951	—	0.71%	13F
24	Johnson & JohnsonJNJ HISTORY	1.18%	—	$155.1M	610,800	—	0.03%	13F
25	Blackstone IncBX HISTORY	1.10%	—	$144.6M	1,229,000	—	0.16%	13F
26	Rli CorpRLI HISTORY	1.08%	—	$141.4M	2,394,544	—	2.61%	13F
27	General Dynamics CorpGD HISTORY	1.05%	—	$138.5M	391,000	—	—	13F
28	Novo-Nordisk A SNVO HISTORY	1.05%	—	$137.6M	2,869,774	—	—	13F
29	KKR & Co IncKKR HISTORY	1.01%	—	$133.2M	1,451,800	—	0.16%	13F
30	Meta Platforms IncMETA HISTORY	1.00%	(5.7%)	$131.9M	234,163	(14,140)	0.01%	13F
31	Schwab Charles CorpSCHW HISTORY	0.98%	+0.8%	$128.7M	1,394,800	+11,000	0.08%	13F
32	Marsh & Mclennan Cos IncMRSH HISTORY	0.97%	—	$127.3M	763,500	—	0.16%	13F
33	Apollo Global Mgmt IncAPO HISTORY	0.91%	—	$119.8M	1,012,500	—	0.17%	13F
34	Archer Daniels Midland CoADM HISTORY	0.88%	—	$115.0M	1,505,800	—	0.31%	13F
35	Linde PLCLIN HISTORY	0.85%	+5.4%	$111.9M	215,600	+11,000	0.05%	13F
36	Diageo PLCDEO HISTORY	0.84%	—	$110.3M	1,372,208	—	0.06%	13F
37	Mastercard IncorporatedMA HISTORY	0.81%	—	$106.6M	207,540	—	0.17%	13F
38	Dollar Gen CorpDG HISTORY	0.76%	—	$100.1M	869,250	—	0.39%	13F
39	Brookfield Asset Managmt LTDBAM HISTORY	0.75%	—	$98.4M	2,193,953	—	0.56%	13F
40	Heico Corp NewHEI-A HISTORY	0.75%	—	$97.9M	379,644	—	1.41%	13F
41	Moodys CorpMCO HISTORY	0.74%	—	$96.9M	213,890	—	0.12%	13F
42	Old Dominion Freight Line InODFL HISTORY	0.71%	—	$93.0M	429,150	—	0.21%	13F
43	Norfolk Southn CorpNSC HISTORY	0.68%	—	$88.9M	282,500	—	0.13%	13F
44	Illinois Tool WKS IncITW HISTORY	0.67%	—	$88.6M	327,500	—	0.11%	13F
45	JPMorgan Chase & CoJPM HISTORY	0.63%	—	$82.7M	252,550	—	0.01%	13F
46	NVR IncNVR HISTORY	0.63%	+0.1%	$82.4M	12,097	+10	0.45%	13F
47	MSCI IncMSCI HISTORY	0.61%	—	$80.0M	142,850	—	0.20%	13F
48	Rockwell Automation IncROK HISTORY	0.58%	—	$76.7M	154,900	—	0.14%	13F
49	Ecolab IncECL HISTORY	0.58%	—	$76.4M	274,300	—	0.10%	13F
50	Sunbelt Rentals Holdings IncSUNB HISTORY	0.56%	+1.1%	$72.9M	974,361	+11,000	0.24%	13F
51	Starbucks CorpSBUX HISTORY	0.49%	—	$63.7M	623,818	—	0.05%	13F
52	Rollins IncROL HISTORY	0.48%	+1.2%	$63.3M	1,516,525	+18,500	0.32%	13F
53	Hanover Ins Group IncTHG HISTORY	0.46%	—	$60.2M	281,000	—	0.81%	13F
54	Investors Title Co NCITIC HISTORY	0.44%	—	$58.4M	213,300	—	11.30%	13F
55	Carlyle Group IncCG HISTORY	0.43%	—	$55.9M	1,327,000	—	—	13F
56	Tyson Foods IncTSN HISTORY	0.40%	+2.7%	$52.3M	913,500	+24,000	—	13F
57	S&P Global IncSPGI HISTORY	0.37%	—	$47.9M	117,690	—	—	13F
58	AON PLCAON HISTORY	0.34%	—	$45.0M	135,800	—	0.06%	13F
59	Union Pac CorpUNP HISTORY	0.33%	+7.2%	$43.8M	161,028	+10,750	0.03%	13F
60	Ferguson Enterprises IncFERG HISTORY	0.33%	+5.6%	$42.8M	180,200	+9,500	0.09%	13F
61	RTX CorporationRTX HISTORY	0.32%	—	$42.5M	224,000	—	0.02%	13F
62	Cisco Sys IncCSCO HISTORY	0.32%	—	$41.8M	355,500	—	0.01%	13F
63	Mercadolibre IncMELI HISTORY	0.31%	+340.4%	$40.7M	24,000	+18,550	0.05%	13F
64	Yum Brands IncYUM HISTORY	0.30%	—	$39.2M	245,213	—	0.09%	13F
65	Marriott Intl Inc NewMAR HISTORY	0.28%	+6.1%	$36.9M	99,500	+5,750	0.04%	13F
66	Allstate CorpALL HISTORY	0.28%	—	$36.8M	154,550	—	—	13F
67	Thermo Fisher Scientific IncTMO HISTORY	0.28%	+8.9%	$36.6M	73,100	+6,000	0.02%	13F
68	Costco Wholesale CorporationCOST HISTORY	0.28%	—	$36.6M	39,150	—	0.01%	13F
69	Hagerty IncHGTY HISTORY	0.27%	—	$35.9M	3,108,000	—	42.00%	13F+13D
70	Price T Rowe Group IncTROW HISTORY	0.27%	—	$35.7M	314,000	—	0.15%	13F
71	United Rentals IncURI HISTORY	0.27%	—	$35.3M	31,150	—	0.05%	13F
72	Airbnb IncABNB HISTORY	0.26%	—	$34.7M	242,389	—	0.04%	13F
73	Lockheed Martin CorpLMT HISTORY	0.25%	—	$33.2M	65,213	—	0.03%	13F
74	HCA Healthcare IncHCA HISTORY	0.25%	+2.3%	$32.9M	84,366	+1,936	—	13F
75	Sherwin Williams CoSHW HISTORY	0.25%	—	$32.4M	94,172	—	0.04%	13F
76	Factset Resh Sys IncFDS HISTORY	0.24%	—	$31.1M	135,376	—	0.38%	13F
77	Lamar Advertising CoLAMR HISTORY	0.23%	—	$30.1M	193,000	—	0.19%	13F
78	Verisk Analytics IncVRSK HISTORY	0.21%	—	$28.0M	155,950	—	—	13F
79	CSX CorpCSX HISTORY	0.21%	+10.3%	$27.8M	584,500	+54,500	0.03%	13F
80	Applied Matls IncAMAT HISTORY	0.20%	—	$26.3M	36,350	—	0.00%	13F
81	Air Products And Chemicals IAPD HISTORY	0.20%	+17.2%	$25.9M	88,500	+13,000	0.04%	13F
82	Comfort Sys USA IncFIX HISTORY	0.20%	—	$25.8M	13,000	—	0.04%	13F
83	Crown Hldgs IncCCK HISTORY	0.19%	—	$24.6M	220,000	—	—	13F
84	Brown Forman CorpBF-A HISTORY	0.18%	—	$23.1M	843,000	—	0.18%	13F
85	Renaissancere Hldgs LTDRNR HISTORY	0.17%	—	$22.2M	70,000	—	0.17%	13F
86	Enterprise Prods Partners LEPD HISTORY	0.16%	+181.7%	$20.9M	569,000	+367,000	0.03%	13F
87	Philip Morris Intl IncPM HISTORY	0.16%	—	$20.7M	114,500	—	0.01%	13F
88	Accenture PLC IrelandACN HISTORY	0.15%	—	$19.8M	159,400	—	0.03%	13F
89	Comcast Corp NewCMCSA HISTORY	0.15%	(16.6%)	$19.7M	802,074	(159,806)	0.04%	13F
90	Hexcel Corp NewHXL HISTORY	0.14%	—	$18.9M	189,000	—	0.25%	13F
91	Nike IncNKE HISTORY	0.14%	—	$18.4M	447,400	—	0.05%	13F
92	Capital One Finl CorpCOF HISTORY	0.14%	—	$18.3M	91,000	—	0.01%	13F
93	Bank New York Mellon CorpBNY HISTORY	0.14%	—	$18.0M	124,500	—	—	13F
94	Carrier Global CorporationCARR HISTORY	0.13%	—	$17.2M	235,000	—	0.03%	13F
95	Wells Fargo & CoWFC HISTORY	0.13%	—	$16.9M	204,450	—	0.01%	13F
96	Sei Invts CoSEIC HISTORY	0.12%	—	$15.2M	173,200	—	0.14%	13F
97	Paychex IncPAYX HISTORY	0.11%	—	$14.7M	150,000	—	0.04%	13F
98	Hershey CoHSY HISTORY	0.10%	—	$13.2M	75,000	—	0.03%	13F
99	Pepsico IncPEP HISTORY	0.10%	—	$13.0M	96,210	—	0.01%	13F
100	Brown Forman CorpBF-B HISTORY	0.10%	—	$12.6M	474,187	—	0.10%	13F
101	Spotify Technology S ASPOT HISTORY	0.09%	—	$11.9M	25,900	—	0.01%	13F
102	Shopify IncSHOP HISTORY	0.09%	—	$11.7M	102,750	—	0.01%	13F
103	Equifax IncEFX HISTORY	0.09%	—	$11.6M	72,850	—	0.06%	13F
104	CME Group IncCME HISTORY	0.08%	—	$11.0M	49,750	—	0.07%	13F
105	Cboe Global Mkts IncCBOE HISTORY	0.08%	—	$10.6M	43,700	—	0.04%	13F
106	Uber Technologies IncUBER HISTORY	0.08%	—	$10.3M	142,500	—	0.01%	13F
107	Otis Worldwide CorpOTIS HISTORY	0.07%	+16.6%	$9.6M	133,620	+19,000	0.04%	13F
108	Iqvia Hldgs IncIQV HISTORY	0.07%	—	$9.1M	46,900	—	—	13F
109	Huntington Ingalls Inds IncHII HISTORY	0.06%	—	$7.7M	27,500	—	0.07%	13F
110	Exxon Mobil CorpXOM HISTORY	0.06%	+19.4%	$7.7M	56,100	+9,100	0.00%	13F
111	Insperity IncNSP HISTORY	0.06%	—	$7.5M	181,336	—	0.47%	13F
112	Carmax IncKMX HISTORY	0.05%	—	$7.2M	136,500	—	0.10%	13F
113	Sony Group CorpSONY HISTORY	0.05%	—	$6.7M	335,000	—	0.03%	13F
114	Canadian Natl Ry CoCNI HISTORY	0.05%	—	$6.4M	53,500	—	—	13F
115	Canadian Pacific Kansas CityCP HISTORY	0.05%	+22.7%	$6.3M	73,000	+13,500	0.01%	13F
116	Graham Hldgs CoGHC HISTORY	0.05%	—	$5.9M	5,200	—	0.12%	13F
117	Eastman Chem CoEMN HISTORY	0.04%	—	$5.0M	74,950	—	0.07%	13F
118	Zoetis IncZTS HISTORY	0.04%	NEW	$4.8M	66,195	+66,195	0.02%	13F
119	Brunswick CorpBC HISTORY	0.03%	—	$4.3M	51,250	—	0.08%	13F
120	Berkley W R CorpWRB HISTORY	0.03%	—	$4.3M	60,750	—	—	13F
121	MGM Resorts InternationalMGM HISTORY	0.03%	—	$4.2M	87,500	—	0.03%	13F
122	Acuity IncAYI HISTORY	0.03%	—	$3.7M	9,750	—	0.03%	13F
123	Intercontinental Exchange InICE HISTORY	0.03%	—	$3.6M	28,870	—	0.01%	13F
124	Eagle Matls IncEXP HISTORY	0.03%	—	$3.3M	14,750	—	—	13F
125	Weyerhaeuser CoWY HISTORY	0.02%	+585.7%	$2.9M	120,000	+102,500	0.02%	13F
126	Netflix Inc.NFLX HISTORY	0.02%	NEW	$2.9M	40,000	+40,000	0.00%	13F
127	Sysco CorpSYY HISTORY	0.02%	—	$2.5M	30,500	—	0.01%	13F
128	Dominos Pizza IncDPZ HISTORY	0.01%	—	$1.6M	5,500	—	0.02%	13F
129	Brown & Brown IncBRO HISTORY	0.01%	—	$0.9M	14,000	—	0.00%	13F
130	Ufp Industries IncUFPI HISTORY	<0.01%	NEW	$0.4M	4,000	+4,000	0.01%	13F

Positions are from the latest 13F-HR (period end 2026-06-30). Weights are calculated: position value ÷ the 13F book. Rows marked Off-13F are >5% stakes disclosed on a Schedule 13D/13G dated after the latest 13F; they report shares and percent of class but no dollar value. Chg Shares and % Chg compare with the adjacent prior quarter's 13F only. % Out is either calculated (position shares ÷ issuer shares outstanding from the issuer's XBRL cover page; weighted-average basic shares as a fallback) or reported (percent of class on a Schedule 13D/13G newer than the 13F period) — hover a value for its source and date. Unavailable figures show “—”, never an estimate. Methodology