Markel Group

Tom Gayner · Insurers · notable · $11.9B reported 13(f) long value · filed as MARKEL GROUP INC. · latest quarter 2026-06-30 · CIK 0001096343 · EDGAR ↗

A quarter-end snapshot. Filed up to 45 days later, so this page is not current holdings and never a complete portfolio. what a 13F is — and is not ↓ · methodology §13F ↗

Period

$11.9B

reported valuesum of disclosed values for 2026-03-31; 0 positions carry a NULL value and are excluded from the sum, surfaced here rather than folded away

205

positionsALL retained default holdings for this (filer, period), including NULL-value ones

new stakespositions with no comparable holding in the prior quarter (kind new), 2026-03-31

exitspositions absent from this quarter's filing after being held last quarter (kind exit), 2026-03-31 — inferred from absence, not a sale record

Position changes — into 2026-03-31

by shares · Δ value · filing link · how changes are classified §

Position changes into quarter 2026-03-31
Positionposition matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	Changethe reported share count is unchanged across the pair, so the position reads as held rather than as a buy or a sell; only builds before this release inferred a direction from the reported value instead `classified_by_value` · "exit" = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · "no change" = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an add or a trim (Add / New / Trim / Exit / No change) · "no prior" = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	Δ valuederived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	Δ sharesreported unit changed across the pair (SH↔PRN); the share delta is withheld rather than fabricated `shares_unit_mismatch`	Prev value	Curr value	Prev shares	Curr shares
VISA INC COM CL Aposition key `pos:13716` · issuer key `iss:2278`	add	−$46.9M	+5,046	$350M	$304M	999,285	1,004,331
WATSCO INC COMposition key `pos:18109` · issuer key `iss:2309`	add	+$17.1M	+4,500	$195M	$212M	577,669	582,169
MICROSOFT CORP COMposition key `pos:12680` · issuer key `iss:1473`	add	−$60.1M	+1,950	$259M	$199M	535,680	537,630
FRANCO NEV CORP COMposition key `pos:11326` · issuer key `iss:960`	add	+$33.4M	+25,000	$142M	$175M	683,500	708,500
LOWES COS INC COMposition key `pos:17070` · issuer key `iss:1374`	add	−$2.6M	+4,000	$177M	$174M	734,480	738,480
AMERICAN EXPRESS CO COMposition key `pos:12704` · issuer key `iss:168`	add	−$32.4M	+1,950	$181M	$148M	488,500	490,450
MARSH & MCLENNAN COS INC COMposition key `pos:16601` · issuer key `iss:1426`	add	−$8.9M	+1,750	$141M	$132M	761,750	763,500
SCHWAB CHARLES CORP COMposition key `pos:17029` · issuer key `iss:1938`	add	−$7.4M	+8,000	$137M	$130M	1,375,800	1,383,800
DIAGEO PLC SPON ADR NEWposition key `pos:16487` · issuer key `iss:728`	add	−$16.2M	+500	$118M	$102M	1,371,708	1,372,208
LINDE PLC SHSposition key `pos:13548` · issuer key `iss:2557`	add	+$16.1M	+4,500	$85.3M	$101M	200,100	204,600
OLD DOMINION FREIGHT LINE IN COMposition key `pos:11269` · issuer key `iss:1612`	add	+$17.7M	+7,500	$66.1M	$83.9M	421,650	429,150
NORFOLK SOUTHN CORP COMposition key `pos:13392` · issuer key `iss:1577`	add	+$2.1M	+9,000	$79.0M	$81.1M	273,500	282,500
ROLLINS INC COMposition key `pos:12799` · issuer key `iss:1866`	add	−$9.4M	+9,000	$89.4M	$80.0M	1,489,025	1,498,025
NVR INC COMposition key `pos:19000` · issuer key `iss:1524`	add	−$7.9M	+80	$87.6M	$79.7M	12,007	12,087
SUNBELT RENTALS HOLDINGS INC SHSposition key `pos:18700` · issuer key `iss:2054`	new	+$62.7M	+963,361	$0	$62.7M	—	963,361
TYSON FOODS INC CL Aposition key `pos:15399` · issuer key `iss:2181`	add	+$5.1M	+5,000	$51.8M	$57.0M	884,500	889,500
S&P GLOBAL INC COMposition key `pos:16388` · issuer key `iss:1887`	trim	−$28.7M	−33,000	$78.7M	$50.1M	150,690	117,690
AON PLC SHS CL Aposition key `pos:15235` · issuer key `iss:2426`	add	−$3.5M	+1,750	$47.3M	$43.8M	134,050	135,800
FERGUSON ENTERPRISES INC COMMON STOCK NEWposition key `pos:18814` · issuer key `iss:904`	add	+$3.4M	+7,200	$36.4M	$39.8M	163,500	170,700
LOCKHEED MARTIN CORP COMposition key `pos:18083` · issuer key `iss:1368`	add	+$8.2M	+700	$31.2M	$39.4M	64,513	65,213
HCA HEALTHCARE INC COMposition key `pos:17312` · issuer key `iss:1065`	add	+$1.3M	+1,750	$37.7M	$39.0M	80,680	82,430
YUM BRANDS INC COMposition key `pos:14282` · issuer key `iss:2372`	add	+$3.9M	+18,762	$34.3M	$38.1M	226,451	245,213
UNION PAC CORP COMposition key `pos:15071` · issuer key `iss:2200`	add	+$3.8M	+9,000	$32.7M	$36.5M	141,278	150,278
THERMO FISHER SCIENTIFIC INC COMposition key `pos:16012` · issuer key `iss:2132`	add	−$3.4M	+4,300	$36.4M	$33.0M	62,800	67,100
MARRIOTT INTL INC NEW CL Aposition key `pos:14677` · issuer key `iss:1427`	add	+$2.8M	+4,000	$27.8M	$30.7M	89,750	93,750
AIRBNB INC COM CL Aposition key `pos:12838` · issuer key `iss:102`	add	−$2.0M	+2,100	$32.6M	$30.6M	240,289	242,389
FACTSET RESH SYS INC COMposition key `pos:17194` · issuer key `iss:892`	add	−$6.0M	+13,503	$35.4M	$29.4M	121,873	135,376
LAMAR ADVERTISING CO NEW CL Aposition key `pos:19044` · issuer key `iss:1322`	add	+$1.0M	+8,000	$23.4M	$24.4M	185,000	193,000
CROWN HLDGS INC COMposition key `pos:12639` · issuer key `iss:687`	add	+$225K	+8,000	$21.8M	$22.1M	212,000	220,000
AIR PRODS & CHEMS INC COMposition key `pos:17427` · issuer key `iss:103`	add	+$4.3M	+4,000	$17.7M	$21.9M	71,500	75,500
CSX CORP COMposition key `pos:17571` · issuer key `iss:484`	add	+$5.8M	+90,000	$16.0M	$21.8M	440,000	530,000
HERSHEY CO COMposition key `pos:16378` · issuer key `iss:1108`	add	+$3.3M	+7,500	$12.3M	$15.6M	67,500	75,000
BANK NEW YORK MELLON CORP COMposition key `pos:19023` · issuer key `iss:326`	add	+$665K	+3,000	$14.1M	$14.8M	121,500	124,500
CME GROUP INC COMposition key `pos:16335` · issuer key `iss:476`	add	+$2.2M	+4,000	$12.5M	$14.7M	45,750	49,750
APPLIED MATLS INC COMposition key `pos:15036` · issuer key `iss:226`	add	+$3.7M	+2,250	$8.8M	$12.4M	34,100	36,350
CBOE GLOBAL MKTS INC COMposition key `pos:12031` · issuer key `iss:466`	add	+$1.8M	+1,950	$10.5M	$12.3M	41,750	43,700
HUNTINGTON INGALLS INDS INC COMposition key `pos:18277` · issuer key `iss:1139`	add	+$1.8M	+2,000	$8.7M	$10.4M	25,500	27,500
UBER TECHNOLOGIES INC COMposition key `pos:13563` · issuer key `iss:2188`	add	−$1.2M	+2,500	$11.4M	$10.3M	140,000	142,500
MERCADOLIBRE INC COMposition key `pos:11377` · issuer key `iss:1458`	new	+$9.4M	+5,450	$0	$9.4M	—	5,450
EXXON MOBIL CORP COMposition key `pos:15436` · issuer key `iss:879`	add	+$3.4M	+9,000	$4.6M	$8.0M	38,000	47,000
ENTERPRISE PRODS PARTNERS L COMposition key `pos:14214` · issuer key `iss:831`	new	+$7.6M	+202,000	$0	$7.6M	—	202,000
CANADIAN NATL RY CO COMposition key `pos:18038` · issuer key `iss:507`	add	+$1.1M	+9,000	$4.4M	$5.5M	44,500	53,500
UNITEDHEALTH GROUP INC COMposition key `pos:17013` · issuer key `iss:2218`	trim	−$3.7M	−7,800	$8.7M	$5.1M	26,500	18,700
INSPERITY INC COMposition key `pos:15529` · issuer key `iss:1184`	add	−$1.0M	+28,463	$5.9M	$4.9M	152,873	181,336
CANADIAN PACIFIC KANSAS CITY COMposition key `pos:11266` · issuer key `iss:510`	add	+$962K	+9,000	$3.7M	$4.7M	50,500	59,500
INTERCONTINENTAL EXCHANGE IN COMposition key `pos:17733` · issuer key `iss:1198`	add	+$1.2M	+8,000	$3.4M	$4.5M	20,870	28,870
BRUNSWICK CORP COMposition key `pos:16693` · issuer key `iss:454`	add	+$184K	+3,500	$3.5M	$3.7M	47,750	51,250
BROWN & BROWN INC COMposition key `pos:17033` · issuer key `iss:451`	add	+$36.2K	+3,000	$877K	$913K	11,000	14,000
WEYERHAEUSER CO MTN BE COM NEWposition key `pos:15814` · issuer key `iss:2330`	new	+$428K	+17,500	$0	$428K	—	17,500
CHOICE HOTELS INTL INC COMposition key `pos:13543` · issuer key `iss:577`	exit‡e	−$11.0M	−115,500	$11.0M	$0	115,500	—
TRANSUNION COMposition key `pos:16717` · issuer key `iss:2153`	exit‡e	−$172K	−2,000	$172K	$0	2,000	—
TARGET CORP COMposition key `pos:17248` · issuer key `iss:2089`	exit‡e	−$13.0M	−133,000	$13.0M	$0	133,000	—

32 more changes below.

Mark-to-market only (no share change) · 80

Positions whose share count is identical in both quarters; the value changed with price, not with a decision.

Positions held with no share change into quarter 2026-03-31
Positionposition matched across quarters by exact reported CUSIP over a registry gap — producer-reconciled identity, never a name match `identity_reconciled_by_cusip`	Changethe reported share count is unchanged across the pair, so the position reads as held rather than as a buy or a sell; only builds before this release inferred a direction from the reported value instead `classified_by_value` · "exit" = absent this quarter: disposed, delisted, under confidential treatment, or reported instead by an affiliated manager — the filing does not say which · change not classifiable: value undisclosed on one side of the quarter pair, or neither shares nor value can classify it · "no change" = the share count is identical in both quarters; the value moved only with price, so the row is mark-to-market and never an add or a trim (Add / New / Trim / Exit / No change) · "no prior" = this filer has no comparable holdings list for the previous quarter on record — a first filing under this registration, or a quarter reported inside an affiliated manager's filing — so the position is not called a new stake	Δ valuederived by Public Filings from the published aggregate; NULL means the source did not disclose a usable value — never zero	Prev value	Curr value	Prev shares	Curr shares
BERKSHIRE HATHAWAY INC DEL CL Aposition key `pos:11867` · issuer key `iss:360`	no change	−$40.8M	$841M	$800M	1,114	1,114
ALPHABET INC CAP STK CL Cposition key `pos:18738` · issuer key `iss:152`	no change	−$74.1M	$863M	$789M	2,749,860	2,749,860
BERKSHIRE HATHAWAY INC DEL CL B NEWposition key `pos:12054` · issuer key `iss:360`	no change	−$35.9M	$770M	$734M	1,531,971	1,531,971
BROOKFIELD CORP CL A LTD VT SHposition key `pos:15522` · issuer key `iss:445`	no change	−$70.9M	$600M	$529M	13,073,609	13,073,609
DEERE & CO COMposition key `pos:14345` · issuer key `iss:716`	no change	+$85.8M	$409M	$495M	877,900	877,900
AMAZON COM INC COMposition key `pos:15054` · issuer key `iss:159`	no change	−$45.8M	$469M	$423M	2,030,760	2,030,760
ANALOG DEVICES INC COMposition key `pos:15188` · issuer key `iss:199`	no change	+$48.0M	$278M	$326M	1,023,245	1,023,245
APPLE INC COMposition key `pos:14088` · issuer key `iss:219`	no change	−$22.2M	$334M	$311M	1,227,290	1,227,290
GOLDMAN SACHS GROUP INC COMposition key `pos:12796` · issuer key `iss:1024`	no change	−$11.9M	$316M	$304M	359,360	359,360
HOME DEPOT INC COMposition key `pos:11561` · issuer key `iss:1122`	no change	−$14.0M	$317M	$303M	920,000	920,000
CATERPILLAR INC COMposition key `pos:14306` · issuer key `iss:537`	no change	+$44.6M	$188M	$233M	328,650	328,650
BLACKROCK INC COMposition key `pos:12463` · issuer key `iss:401`	no change	−$23.9M	$236M	$212M	220,200	220,200
DISNEY WALT CO COMposition key `pos:18004` · issuer key `iss:742`	no change	−$35.3M	$231M	$196M	2,031,665	2,031,665
LPL FINL HLDGS INC COMposition key `pos:16526` · issuer key `iss:1315`	no change	−$31.5M	$200M	$168M	559,951	559,951
ALPHABET INC CAP STK CL Aposition key `pos:16029` · issuer key `iss:152`	no change	−$14.6M	$179M	$164M	572,000	572,000
PROGRESSIVE CORP COMposition key `pos:12536` · issuer key `iss:1764`	no change	−$22.2M	$172M	$149M	753,750	753,750
JOHNSON & JOHNSON COMposition key `pos:14474` · issuer key `iss:1258`	no change	+$22.9M	$126M	$149M	610,800	610,800
META PLATFORMS INC CL Aposition key `pos:12241` · issuer key `iss:891`	no change	−$21.8M	$164M	$142M	248,303	248,303
BLACKSTONE INC COMposition key `pos:16515` · issuer key `iss:396`	no change	−$48.1M	$189M	$141M	1,229,000	1,229,000
TEXAS INSTRS INC COMposition key `pos:17749` · issuer key `iss:2125`	no change	+$15.0M	$126M	$141M	724,000	724,000
RLI CORP COMposition key `pos:13540` · issuer key `iss:1795`	no change	−$16.6M	$153M	$137M	2,394,544	2,394,544
KKR & CO INC COMposition key `pos:12212` · issuer key `iss:1268`	no change	−$50.8M	$185M	$134M	1,451,800	1,451,800
GENERAL DYNAMICS CORP COMposition key `pos:18191` · issuer key `iss:996`	no change	+$2.6M	$132M	$134M	391,000	391,000
APOLLO GLOBAL MGMT INC COMposition key `pos:11450` · issuer key `iss:216`	no change	−$33.8M	$147M	$113M	1,012,500	1,012,500
ARCHER DANIELS MIDLAND CO COMposition key `pos:12873` · issuer key `iss:234`	no change	+$22.9M	$86.6M	$109M	1,505,800	1,505,800
NOVO-NORDISK A S ADRposition key `pos:17747` · issuer key `iss:1589`	no change	−$40.5M	$146M	$105M	2,869,774	2,869,774
MASTERCARD INCORPORATED CL Aposition key `pos:15086` · issuer key `iss:1433`	no change	−$14.8M	$118M	$104M	207,540	207,540
DOLLAR GEN CORP NEW COMposition key `pos:18034` · issuer key `iss:749`	no change	−$12.2M	$115M	$103M	869,250	869,250
BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHSposition key `pos:11578` · issuer key `iss:448`	no change	−$17.4M	$115M	$97.5M	2,193,953	2,193,953
MOODYS CORP COMposition key `pos:17406` · issuer key `iss:1503`	no change	−$16.0M	$109M	$93.3M	213,890	213,890
ILLINOIS TOOL WKS INC COMposition key `pos:16485` · issuer key `iss:1162`	no change	+$4.6M	$80.7M	$85.2M	327,500	327,500
HEICO CORP NEW CL Aposition key `pos:11904` · issuer key `iss:1101`	no change	−$15.7M	$95.8M	$80.1M	379,644	379,644
MSCI INC COMposition key `pos:16902` · issuer key `iss:1398`	no change	−$5.0M	$82.0M	$77.0M	142,850	142,850
JPMORGAN CHASE & CO. COMposition key `pos:18958` · issuer key `iss:1247`	no change	−$7.1M	$81.4M	$74.3M	252,550	252,550
ECOLAB INC COMposition key `pos:17621` · issuer key `iss:793`	no change	+$960K	$72.0M	$73.0M	274,300	274,300
CARLYLE GROUP INC COMposition key `pos:11027` · issuer key `iss:524`	no change	−$14.2M	$78.4M	$64.2M	1,327,000	1,327,000
STARBUCKS CORP COMposition key `pos:16910` · issuer key `iss:2037`	no change	+$3.4M	$52.5M	$55.9M	623,818	623,818
ROCKWELL AUTOMATION INC COMposition key `pos:11750` · issuer key `iss:1861`	no change	−$4.7M	$60.3M	$55.6M	154,900	154,900
HANOVER INS GROUP INC COMposition key `pos:11368` · issuer key `iss:1080`	no change	−$2.6M	$51.4M	$48.7M	281,000	281,000
INVESTORS TITLE CO NC COMposition key `pos:12621` · issuer key `iss:1218`	no change	−$6.9M	$53.2M	$46.4M	213,300	213,300
RTX CORPORATION COMposition key `pos:16519` · issuer key `iss:1815`	no change	+$2.1M	$41.1M	$43.2M	224,000	224,000
COSTCO WHSL CORP NEW COMposition key `pos:12889` · issuer key `iss:669`	no change	+$5.2M	$33.8M	$39.0M	39,150	39,150
HAGERTY INC CL A COMposition key `pos:17104` · issuer key `iss:1071`	no change	−$9.0M	$41.8M	$32.7M	3,108,000	3,108,000
ALLSTATE CORP COMposition key `pos:16338` · issuer key `iss:146`	no change	−$125K	$32.2M	$32.0M	154,550	154,550
ACCENTURE PLC IRELAND SHS CLASS Aposition key `pos:18342` · issuer key `iss:2450`	no change	−$11.2M	$42.8M	$31.6M	159,400	159,400
SHERWIN WILLIAMS CO COMposition key `pos:14643` · issuer key `iss:1962`	no change	−$328K	$30.5M	$30.2M	94,172	94,172
VERISK ANALYTICS INC COMposition key `pos:17675` · issuer key `iss:2260`	no change	−$5.3M	$34.9M	$29.6M	155,950	155,950
PRICE T ROWE GROUP INC COMposition key `pos:13020` · issuer key `iss:1751`	no change	−$3.8M	$32.1M	$28.3M	314,000	314,000
COMCAST CORP NEW CL Aposition key `pos:16006` · issuer key `iss:625`	no change	−$1.1M	$28.8M	$27.6M	961,880	961,880
CISCO SYS INC COMposition key `pos:12802` · issuer key `iss:588`	no change	+$199K	$27.4M	$27.6M	355,500	355,500
NIKE INC CL Bposition key `pos:14767` · issuer key `iss:1571`	no change	−$4.9M	$28.5M	$23.6M	447,400	447,400
UNITED RENTALS INC COMposition key `pos:17186` · issuer key `iss:2208`	no change	−$2.5M	$25.2M	$22.7M	31,150	31,150
BROWN FORMAN CORP CL Aposition key `pos:11281` · issuer key `iss:452`	no change	+$405K	$22.2M	$22.6M	843,000	843,000
RENAISSANCERE HLDGS LTD COMposition key `pos:18851` · issuer key `iss:2599`	no change	+$1.1M	$19.7M	$20.8M	70,000	70,000
PHILIP MORRIS INTL INC COMposition key `pos:16086` · issuer key `iss:1711`	no change	+$566K	$18.4M	$18.9M	114,500	114,500
COMFORT SYS USA INC COMposition key `pos:18892` · issuer key `iss:624`	no change	+$5.8M	$12.1M	$17.9M	13,000	13,000
CAPITAL ONE FINL CORP COMposition key `pos:17178` · issuer key `iss:514`	no change	−$5.5M	$22.1M	$16.6M	91,000	91,000
WELLS FARGO CO NEW COMposition key `pos:12541` · issuer key `iss:2317`	no change	−$2.8M	$19.1M	$16.3M	204,450	204,450
HEXCEL CORP NEW COMposition key `pos:14047` · issuer key `iss:1113`	no change	+$1.3M	$14.0M	$15.3M	189,000	189,000
PEPSICO INC COMposition key `pos:14709` · issuer key `iss:1700`	no change	+$1.1M	$13.8M	$14.9M	96,210	96,210
PAYCHEX INC COMposition key `pos:15163` · issuer key `iss:1681`	no change	−$3.0M	$16.8M	$13.8M	150,000	150,000
SEI INVTS CO COMposition key `pos:18820` · issuer key `iss:1889`	no change	−$615K	$14.2M	$13.6M	173,200	173,200
CARRIER GLOBAL CORPORATION COMposition key `pos:12437` · issuer key `iss:528`	no change	+$815K	$12.4M	$13.2M	235,000	235,000
EQUIFAX INC COMposition key `pos:11431` · issuer key `iss:837`	no change	−$2.7M	$15.8M	$13.1M	72,850	72,850
SPOTIFY TECHNOLOGY S A SHSposition key `pos:12641` · issuer key `iss:2676`	no change	−$2.5M	$15.0M	$12.6M	25,900	25,900
BROWN FORMAN CORP CL Bposition key `pos:17411` · issuer key `iss:452`	no change	+$180K	$12.4M	$12.5M	474,187	474,187
SHOPIFY INC CL A SUB VTG SHSposition key `pos:19110` · issuer key `iss:1965`	no change	−$4.4M	$16.5M	$12.2M	102,750	102,750
SCOTTS MIRACLE-GRO CO CL Aposition key `pos:16078` · issuer key `iss:1943`	no change	+$413K	$9.8M	$10.2M	168,000	168,000
OTIS WORLDWIDE CORP COMposition key `pos:15199` · issuer key `iss:1642`	no change	−$1.2M	$10.0M	$8.8M	114,620	114,620
IQVIA HLDGS INC COMposition key `pos:17397` · issuer key `iss:1223`	no change	−$2.6M	$10.6M	$8.0M	46,900	46,900
SONY GROUP CORP SPONSORED ADRposition key `pos:13316` · issuer key `iss:2010`	no change	−$1.6M	$8.6M	$6.9M	335,000	335,000
EASTMAN CHEM CO COMposition key `pos:18964` · issuer key `iss:789`	no change	+$936K	$4.8M	$5.7M	74,950	74,950
CARMAX INC COMposition key `pos:13280` · issuer key `iss:523`	no change	+$401K	$5.3M	$5.7M	136,500	136,500
GRAHAM HLDGS CO COM CL Bposition key `pos:17215` · issuer key `iss:1036`	no change	−$215K	$5.7M	$5.5M	5,200	5,200
BERKLEY W R CORP COMposition key `pos:11446` · issuer key `iss:359`	no change	−$233K	$4.3M	$4.0M	60,750	60,750
MGM RESORTS INTERNATIONAL COMposition key `pos:15856` · issuer key `iss:1390`	no change	+$45.5K	$3.2M	$3.2M	87,500	87,500
EAGLE MATLS INC COMposition key `pos:15141` · issuer key `iss:784`	no change	−$254K	$3.0M	$2.8M	14,750	14,750
ACUITY INC COMposition key `pos:11779` · issuer key `iss:64`	no change	−$778K	$3.5M	$2.7M	9,750	9,750
SYSCO CORP COMposition key `pos:16712` · issuer key `iss:2070`	no change	−$72.0K	$2.2M	$2.2M	30,500	30,500
DOMINOS PIZZA INC COMposition key `pos:15780` · issuer key `iss:752`	no change	−$319K	$2.3M	$2.0M	5,500	5,500

Quarter ended 2026-03-31Newest filing in this build: 2026-07-31. Per-row filing dates are on each receipt.

Truncated by Public Filings. Changes derive from the aggregate's top-25 slices and keyable positions only; unkeyable holdings are counted in the registry, not differenced. methodology §13F ↗

Book shape

2026-03-31 · concentration · vs tracked median · tick = median

Top-25 concentration: 65.2%below median 80.0%
Concentration index: 262 bpsbelow median 446 bps
Positions with value: 205 / 205median book 97.5 positions

Concentration uses reported 13F long value, not total assets. The index is withheld when any position lacks a value. Medians are over the 8,748 tracked filers with a 2026-03-31 book; the index median over the 8,662 with a complete book.

null-value positions: 0holdings whose <value> did not parse — retained and counted, never zero-filled · top-N share ·§: 65.2%share of the period's disclosed value held in the top-N positions; denominator is reported 13F value, not total assets · HHI (bps) ·§: 262integer Herfindahl–Hirschman index in basis points over disclosed position values · QoQ moves: 132

Filing history

AVAILABLE QUARTERS

Available filing periods
Period	Source
2025-09-30	EDGAR ↗
2025-12-31	EDGAR ↗
2026-03-31	EDGAR ↗
2026-06-30	EDGAR ↗

PLANNED sector rotation · Congress overlap · signals for this filer

Complete source filings on SEC EDGAR

The complete filing on EDGAR.

The position list above is served from the published Public Filings build — every position this filer reported for the selected quarter, as it reported it. This block is provenance, not a substitute: the filing itself is the record, and it is one click away. Serving this list is M2-CONTRACT §3, amended 2026-08-02; §3.1 keeps live EDGAR for filings newer than this build.

Open MARKEL GROUP INC.'s 13F filings on SEC EDGAR ↗

Notes on this data

Reported positions

Quarter-end holdings as filed

Explore the full published position list and its source filing. This record excludes the manager’s cash, shorts and non-13(f) assets.

Share changes

Compare consecutive quarters

Position changes retain the producer’s classification and comparability flags. Share counts and reported values describe different changes.

Coverage

A snapshot, not current holdings

Use the quarter selector to inspect available periods. Unknown values stay unknown and each table states its coverage.

View

this build publishes the selected quarter and the one before it, so a displayed change can be inspected on both sides

Reported positions — 2026-03-31

1–100 of 126 issuers · $11.9B disclosed value over 205 rows · 0 undisclosed-value rows

Every row below carries ticker not yet mapped — stated once here rather than repeated on every row.

KindClassification is not joined into this reported-position view. Use the changed-positions view to compare the two published quarters.

TickerThis list carries reported issuer names and security identities, without a dated ticker mapping. Symbols are not inferred from names.

Issuera position composed from a base filing plus NEW-HOLDINGS amendments keeps every source row here; the composition's latest filed date is the one shown served from this build's published holdings (derived from the filer's own reported rows); every row resolves to its filing

WeightShare of total reported value, calculated only when the full position list has disclosed values. This is 13F long value, not total assets.

Valuevalue undisclosed on the filing: retained and counted, excluded from sums, never shown as $0

Position changeShare change is available in the separate comparison view; it is not joined into this position list.

CongressThe congressional transaction join is unavailable in this build.

—

BRK-Bverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) BRK-Averified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BERKSHIRE HATHAWAY INC DEL

2 positions · 4 reported rows

Rows MARKEL GROUP INC. reported for BERKSHIRE HATHAWAY INC DEL, as it reported them
BERKSHIRE HATHAWAY INC DEL · CL B NEW CUSIP — src ↗	$529M	1,104,460
BERKSHIRE HATHAWAY INC DEL · CL A CUSIP — src ↗	$424M	590
BERKSHIRE HATHAWAY INC DEL · CL A CUSIP — src ↗	$376M	524
BERKSHIRE HATHAWAY INC DEL · CL B NEW CUSIP — src ↗	$205M	427,511

$1.5B

1,533,085

—

12.8%

—

GOOGverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) GOOGLverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ALPHABET INC

2 positions · 4 reported rows

Rows MARKEL GROUP INC. reported for ALPHABET INC, as it reported them
ALPHABET INC · CAP STK CL C CUSIP — src ↗	$704M	2,452,630
ALPHABET INC · CAP STK CL A CUSIP — src ↗	$144M	500,000
ALPHABET INC · CAP STK CL C CUSIP — src ↗	$85.3M	297,230
ALPHABET INC · CAP STK CL A CUSIP — src ↗	$20.7M	72,000

$953M

3,321,860

—

8.0%

—

BNverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BROOKFIELD CORP

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for BROOKFIELD CORP, as it reported them
BROOKFIELD CORP · CL A LTD VT SH CUSIP — src ↗	$337M	8,315,403
BROOKFIELD CORP · CL A LTD VT SH CUSIP — src ↗	$193M	4,758,206

$529M

13,073,609

—

4.4%

—

DEverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DEERE & CO

src ↗

DEERE & CO · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$495M

877,900

—

4.1%

—

AMZNverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AMAZON COM INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for AMAZON COM INC, as it reported them
AMAZON COM INC · COM CUSIP — src ↗	$392M	1,882,328
AMAZON COM INC · COM CUSIP — src ↗	$30.9M	148,432

$423M

2,030,760

—

3.5%

—

ADIverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ANALOG DEVICES INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for ANALOG DEVICES INC, as it reported them
ANALOG DEVICES INC · COM CUSIP — src ↗	$322M	1,013,245
ANALOG DEVICES INC · COM CUSIP — src ↗	$3.2M	10,000

$326M

1,023,245

—

2.7%

—

AAPLverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

APPLE INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for APPLE INC, as it reported them
APPLE INC · COM CUSIP — src ↗	$299M	1,179,090
APPLE INC · COM CUSIP — src ↗	$12.2M	48,200

$311M

1,227,290

—

2.6%

—

GSverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GOLDMAN SACHS GROUP INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for GOLDMAN SACHS GROUP INC, as it reported them
GOLDMAN SACHS GROUP INC · COM CUSIP — src ↗	$284M	335,710
GOLDMAN SACHS GROUP INC · COM CUSIP — src ↗	$20.0M	23,650

$304M

359,360

—

2.5%

—

Vverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

VISA INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for VISA INC, as it reported them
VISA INC · COM CL A CUSIP — src ↗	$281M	928,181
VISA INC · COM CL A CUSIP — src ↗	$23.0M	76,150

$304M

1,004,331

—

2.5%

—

HDverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

HOME DEPOT INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for HOME DEPOT INC, as it reported them
HOME DEPOT INC · COM CUSIP — src ↗	$212M	643,094
HOME DEPOT INC · COM CUSIP — src ↗	$91.1M	276,906

$303M

920,000

—

2.5%

—

CATverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CATERPILLAR INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for CATERPILLAR INC, as it reported them
CATERPILLAR INC · COM CUSIP — src ↗	$226M	318,649
CATERPILLAR INC · COM CUSIP — src ↗	$7.1M	10,001

$233M

328,650

—

2.0%

—

WSOverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

WATSCO INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for WATSCO INC, as it reported them
WATSCO INC · COM CUSIP — src ↗	$197M	540,569
WATSCO INC · COM CUSIP — src ↗	$15.1M	41,600

$212M

582,169

—

1.8%

—

BLKverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BLACKROCK INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for BLACKROCK INC, as it reported them
BLACKROCK INC · COM CUSIP — src ↗	$200M	208,200
BLACKROCK INC · COM CUSIP — src ↗	$11.5M	12,000

$212M

220,200

—

1.8%

—

MSFTverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MICROSOFT CORP

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for MICROSOFT CORP, as it reported them
MICROSOFT CORP · COM CUSIP — src ↗	$190M	514,011
MICROSOFT CORP · COM CUSIP — src ↗	$8.7M	23,619

$199M

537,630

—

1.7%

—

DISverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DISNEY WALT CO

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for DISNEY WALT CO, as it reported them
DISNEY WALT CO · COM CUSIP — src ↗	$152M	1,577,428
DISNEY WALT CO · COM CUSIP — src ↗	$43.8M	454,237

$196M

2,031,665

—

1.6%

—

FNVverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FRANCO NEV CORP

src ↗

FRANCO NEV CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$175M

708,500

—

1.5%

—

LOWverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

LOWES COS INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for LOWES COS INC, as it reported them
LOWES COS INC · COM CUSIP — src ↗	$160M	676,732
LOWES COS INC · COM CUSIP — src ↗	$14.6M	61,748

$174M

738,480

—

1.5%

—

LPLAverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

LPL FINL HLDGS INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for LPL FINL HLDGS INC, as it reported them
LPL FINL HLDGS INC · COM CUSIP — src ↗	$168M	557,662
LPL FINL HLDGS INC · COM CUSIP — src ↗	$689K	2,289

$168M

559,951

—

1.4%

—

PGRverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PROGRESSIVE CORP

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for PROGRESSIVE CORP, as it reported them
PROGRESSIVE CORP · COM CUSIP — src ↗	$138M	693,750
PROGRESSIVE CORP · COM CUSIP — src ↗	$11.9M	60,000

$149M

753,750

—

1.3%

—

JNJverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

JOHNSON & JOHNSON

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for JOHNSON & JOHNSON, as it reported them
JOHNSON & JOHNSON · COM CUSIP — src ↗	$143M	584,085
JOHNSON & JOHNSON · COM CUSIP — src ↗	$6.5M	26,715

$149M

610,800

—

1.3%

—

AXPverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AMERICAN EXPRESS CO

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for AMERICAN EXPRESS CO, as it reported them
AMERICAN EXPRESS CO · COM CUSIP — src ↗	$145M	480,450
AMERICAN EXPRESS CO · COM CUSIP — src ↗	$3.0M	10,000

$148M

490,450

—

1.2%

—

METAverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

META PLATFORMS INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for META PLATFORMS INC, as it reported them
META PLATFORMS INC · CL A CUSIP — src ↗	$130M	226,693
META PLATFORMS INC · CL A CUSIP — src ↗	$12.4M	21,610

$142M

248,303

—

1.2%

—

BXverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BLACKSTONE INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for BLACKSTONE INC, as it reported them
BLACKSTONE INC · COM CUSIP — src ↗	$137M	1,194,500
BLACKSTONE INC · COM CUSIP — src ↗	$4.0M	34,500

$141M

1,229,000

—

1.2%

—

TXNverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TEXAS INSTRS INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for TEXAS INSTRS INC, as it reported them
TEXAS INSTRS INC · COM CUSIP — src ↗	$141M	723,999
TEXAS INSTRS INC · COM CUSIP — src ↗	$194	1

$141M

724,000

—

1.2%

—

RLIverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

RLI CORP

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for RLI CORP, as it reported them
RLI CORP · COM CUSIP — src ↗	$126M	2,201,594
RLI CORP · COM CUSIP — src ↗	$11.0M	192,950

$137M

2,394,544

—

1.1%

—

KKRverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

KKR & CO INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for KKR & CO INC, as it reported them
KKR & CO INC · COM CUSIP — src ↗	$133M	1,433,800
KKR & CO INC · COM CUSIP — src ↗	$1.7M	18,000

$134M

1,451,800

—

1.1%

—

GDverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

GENERAL DYNAMICS CORP

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for GENERAL DYNAMICS CORP, as it reported them
GENERAL DYNAMICS CORP · COM CUSIP — src ↗	$119M	347,000
GENERAL DYNAMICS CORP · COM CUSIP — src ↗	$15.1M	44,000

$134M

391,000

—

1.1%

—

MRSHverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MARSH & MCLENNAN COS INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for MARSH & MCLENNAN COS INC, as it reported them
MARSH & MCLENNAN COS INC · COM CUSIP — src ↗	$129M	743,000
MARSH & MCLENNAN COS INC · COM CUSIP — src ↗	$3.6M	20,500

$132M

763,500

—

1.1%

—

SCHWverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SCHWAB CHARLES CORP

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for SCHWAB CHARLES CORP, as it reported them
SCHWAB CHARLES CORP · COM CUSIP — src ↗	$118M	1,254,800
SCHWAB CHARLES CORP · COM CUSIP — src ↗	$12.1M	129,000

$130M

1,383,800

—

1.1%

—

APOverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

APOLLO GLOBAL MGMT INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for APOLLO GLOBAL MGMT INC, as it reported them
APOLLO GLOBAL MGMT INC · COM CUSIP — src ↗	$110M	990,000
APOLLO GLOBAL MGMT INC · COM CUSIP — src ↗	$2.5M	22,500

$113M

1,012,500

—

0.9%

—

ADMverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ARCHER DANIELS MIDLAND CO

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for ARCHER DANIELS MIDLAND CO, as it reported them
ARCHER DANIELS MIDLAND CO · COM CUSIP — src ↗	$97.0M	1,335,073
ARCHER DANIELS MIDLAND CO · COM CUSIP — src ↗	$12.4M	170,727

$109M

1,505,800

—

0.9%

—

NVOverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NOVO-NORDISK A S

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for NOVO-NORDISK A S, as it reported them
NOVO-NORDISK A S · ADR CUSIP — src ↗	$61.7M	1,677,934
NOVO-NORDISK A S · ADR CUSIP — src ↗	$43.8M	1,191,840

$105M

2,869,774

—

0.9%

—

MAverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MASTERCARD INCORPORATED

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for MASTERCARD INCORPORATED, as it reported them
MASTERCARD INCORPORATED · CL A CUSIP — src ↗	$93.7M	187,556
MASTERCARD INCORPORATED · CL A CUSIP — src ↗	$10.0M	19,984

$104M

207,540

—

0.9%

—

DGverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DOLLAR GEN CORP NEW

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for DOLLAR GEN CORP NEW, as it reported them
DOLLAR GEN CORP NEW · COM CUSIP — src ↗	$103M	865,750
DOLLAR GEN CORP NEW · COM CUSIP — src ↗	$416K	3,500

$103M

869,250

—

0.9%

—

DEOverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

DIAGEO PLC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for DIAGEO PLC, as it reported them
DIAGEO PLC · SPON ADR NEW CUSIP — src ↗	$58.6M	786,894
DIAGEO PLC · SPON ADR NEW CUSIP — src ↗	$43.6M	585,314

$102M

1,372,208

—

0.9%

—

LINverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

LINDE PLC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for LINDE PLC, as it reported them
LINDE PLC · SHS CUSIP — src ↗	$97.8M	197,200
LINDE PLC · SHS CUSIP — src ↗	$3.7M	7,400

$101M

204,600

—

0.8%

—

BAMverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BROOKFIELD ASSET MANAGMT LTD

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for BROOKFIELD ASSET MANAGMT LTD, as it reported them
BROOKFIELD ASSET MANAGMT LTD · CL A LMT VTG SHS CUSIP — src ↗	$55.1M	1,238,500
BROOKFIELD ASSET MANAGMT LTD · CL A LMT VTG SHS CUSIP — src ↗	$42.5M	955,453

$97.5M

2,193,953

—

0.8%

—

MCOverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MOODYS CORP

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for MOODYS CORP, as it reported them
MOODYS CORP · COM CUSIP — src ↗	$84.1M	192,794
MOODYS CORP · COM CUSIP — src ↗	$9.2M	21,096

$93.3M

213,890

—

0.8%

—

ITWverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ILLINOIS TOOL WKS INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for ILLINOIS TOOL WKS INC, as it reported them
ILLINOIS TOOL WKS INC · COM CUSIP — src ↗	$80.9M	310,649
ILLINOIS TOOL WKS INC · COM CUSIP — src ↗	$4.4M	16,851

$85.2M

327,500

—

0.7%

—

ODFLverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

OLD DOMINION FREIGHT LINE IN

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for OLD DOMINION FREIGHT LINE IN, as it reported them
OLD DOMINION FREIGHT LINE IN · COM CUSIP — src ↗	$82.7M	423,150
OLD DOMINION FREIGHT LINE IN · COM CUSIP — src ↗	$1.2M	6,000

$83.9M

429,150

—

0.7%

—

NSCverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NORFOLK SOUTHN CORP

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for NORFOLK SOUTHN CORP, as it reported them
NORFOLK SOUTHN CORP · COM CUSIP — src ↗	$72.8M	253,500
NORFOLK SOUTHN CORP · COM CUSIP — src ↗	$8.3M	29,000

$81.1M

282,500

—

0.7%

—

HEIverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

HEICO CORP NEW

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for HEICO CORP NEW, as it reported them
HEICO CORP NEW · CL A CUSIP — src ↗	$77.6M	367,442
HEICO CORP NEW · CL A CUSIP — src ↗	$2.6M	12,202

$80.1M

379,644

—

0.7%

—

ROLverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ROLLINS INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for ROLLINS INC, as it reported them
ROLLINS INC · COM CUSIP — src ↗	$76.7M	1,435,550
ROLLINS INC · COM CUSIP — src ↗	$3.3M	62,475

$80.0M

1,498,025

—

0.7%

—

NVRverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NVR INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for NVR INC, as it reported them
NVR INC · COM CUSIP — src ↗	$78.5M	11,912
NVR INC · COM CUSIP — src ↗	$1.2M	175

$79.7M

12,087

—

0.7%

—

MSCIverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MSCI INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for MSCI INC, as it reported them
MSCI INC · COM CUSIP — src ↗	$76.5M	141,850
MSCI INC · COM CUSIP — src ↗	$539K	1,000

$77.0M

142,850

—

0.6%

—

JPMverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

JPMORGAN CHASE & CO.

src ↗

JPMORGAN CHASE & CO. · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$74.3M

252,550

—

0.6%

—

ECLverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ECOLAB INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for ECOLAB INC, as it reported them
ECOLAB INC · COM CUSIP — src ↗	$66.9M	251,300
ECOLAB INC · COM CUSIP — src ↗	$6.1M	23,000

$73.0M

274,300

—

0.6%

—

CGverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CARLYLE GROUP INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for CARLYLE GROUP INC, as it reported them
CARLYLE GROUP INC · COM CUSIP — src ↗	$62.1M	1,282,500
CARLYLE GROUP INC · COM CUSIP — src ↗	$2.2M	44,500

$64.2M

1,327,000

—

0.5%

—

SUNBverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SUNBELT RENTALS HOLDINGS INC

src ↗

SUNBELT RENTALS HOLDINGS INC · SHS CUSIP —
2026-03-31 filed 2026-05-01 +31d

$62.7M

963,361

—

0.5%

—

TSNverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

TYSON FOODS INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for TYSON FOODS INC, as it reported them
TYSON FOODS INC · CL A CUSIP — src ↗	$56.3M	879,500
TYSON FOODS INC · CL A CUSIP — src ↗	$641K	10,000

$57.0M

889,500

—

0.5%

—

SBUXverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

STARBUCKS CORP

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for STARBUCKS CORP, as it reported them
STARBUCKS CORP · COM CUSIP — src ↗	$52.3M	583,318
STARBUCKS CORP · COM CUSIP — src ↗	$3.6M	40,500

$55.9M

623,818

—

0.5%

—

ROKverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ROCKWELL AUTOMATION INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for ROCKWELL AUTOMATION INC, as it reported them
ROCKWELL AUTOMATION INC · COM CUSIP — src ↗	$52.8M	147,000
ROCKWELL AUTOMATION INC · COM CUSIP — src ↗	$2.8M	7,900

$55.6M

154,900

—

0.5%

—

SPGIverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

S&P GLOBAL INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for S&P GLOBAL INC, as it reported them
S&P GLOBAL INC · COM CUSIP — src ↗	$49.6M	116,690
S&P GLOBAL INC · COM CUSIP — src ↗	$425K	1,000

$50.1M

117,690

—

0.4%

—

THGverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

HANOVER INS GROUP INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for HANOVER INS GROUP INC, as it reported them
HANOVER INS GROUP INC · COM CUSIP — src ↗	$47.7M	275,000
HANOVER INS GROUP INC · COM CUSIP — src ↗	$1.0M	6,000

$48.7M

281,000

—

0.4%

—

ITICverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

INVESTORS TITLE CO NC

src ↗

INVESTORS TITLE CO NC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$46.4M

213,300

—

0.4%

—

AONverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AON PLC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for AON PLC, as it reported them
AON PLC · SHS CL A CUSIP — src ↗	$43.3M	134,300
AON PLC · SHS CL A CUSIP — src ↗	$484K	1,500

$43.8M

135,800

—

0.4%

—

RTXverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

RTX CORPORATION

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for RTX CORPORATION, as it reported them
RTX CORPORATION · COM CUSIP — src ↗	$32.7M	169,400
RTX CORPORATION · COM CUSIP — src ↗	$10.5M	54,600

$43.2M

224,000

—

0.4%

—

FERGverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FERGUSON ENTERPRISES INC

src ↗

FERGUSON ENTERPRISES INC · COMMON STOCK NEW CUSIP —
2026-03-31 filed 2026-05-01 +31d

$39.8M

170,700

—

0.3%

—

LMTverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

LOCKHEED MARTIN CORP

src ↗

LOCKHEED MARTIN CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$39.4M

65,213

—

0.3%

—

COSTverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

COSTCO WHSL CORP NEW

src ↗

COSTCO WHSL CORP NEW · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$39.0M

39,150

—

0.3%

—

HCAverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

HCA HEALTHCARE INC

src ↗

HCA HEALTHCARE INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$39.0M

82,430

—

0.3%

—

YUMverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

YUM BRANDS INC

src ↗

YUM BRANDS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$38.1M

245,213

—

0.3%

—

UNPverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

UNION PAC CORP

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for UNION PAC CORP, as it reported them
UNION PAC CORP · COM CUSIP — src ↗	$33.8M	139,178
UNION PAC CORP · COM CUSIP — src ↗	$2.7M	11,100

$36.5M

150,278

—

0.3%

—

BF-Averified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred) BF-Bverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BROWN FORMAN CORP

2 positions · 4 reported rows

Rows MARKEL GROUP INC. reported for BROWN FORMAN CORP, as it reported them
BROWN FORMAN CORP · CL A CUSIP — src ↗	$18.2M	678,400
BROWN FORMAN CORP · CL B CUSIP — src ↗	$8.7M	328,787
BROWN FORMAN CORP · CL A CUSIP — src ↗	$4.4M	164,600
BROWN FORMAN CORP · CL B CUSIP — src ↗	$3.8M	145,400

$35.1M

1,317,187

—

0.3%

—

TMOverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

THERMO FISHER SCIENTIFIC INC

src ↗

THERMO FISHER SCIENTIFIC INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$33.0M

67,100

—

0.3%

—

HGTYverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

HAGERTY INC

src ↗

HAGERTY INC · CL A COM CUSIP —
2026-03-31 filed 2026-05-01 +31dother-manager unparsed

$32.7M

3,108,000

—

0.3%

—

ALLverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ALLSTATE CORP

src ↗

ALLSTATE CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$32.0M

154,550

—

0.3%

—

ACNverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

ACCENTURE PLC IRELAND

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for ACCENTURE PLC IRELAND, as it reported them
ACCENTURE PLC IRELAND · SHS CLASS A CUSIP — src ↗	$31.6M	159,399
ACCENTURE PLC IRELAND · SHS CLASS A CUSIP — src ↗	$198	1

$31.6M

159,400

—

0.3%

—

MARverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

MARRIOTT INTL INC NEW

src ↗

MARRIOTT INTL INC NEW · CL A CUSIP —
2026-03-31 filed 2026-05-01 +31d

$30.7M

93,750

—

0.3%

—

ABNBverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AIRBNB INC

src ↗

AIRBNB INC · COM CL A CUSIP —
2026-03-31 filed 2026-05-01 +31d

$30.6M

242,389

—

0.3%

—

SHWverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SHERWIN WILLIAMS CO

src ↗

SHERWIN WILLIAMS CO · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$30.2M

94,172

—

0.3%

—

VRSKverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

VERISK ANALYTICS INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for VERISK ANALYTICS INC, as it reported them
VERISK ANALYTICS INC · COM CUSIP — src ↗	$29.1M	153,450
VERISK ANALYTICS INC · COM CUSIP — src ↗	$474K	2,500

$29.6M

155,950

—

0.2%

—

FDSverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

FACTSET RESH SYS INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for FACTSET RESH SYS INC, as it reported them
FACTSET RESH SYS INC · COM CUSIP — src ↗	$24.4M	112,376
FACTSET RESH SYS INC · COM CUSIP — src ↗	$5.0M	23,000

$29.4M

135,376

—

0.2%

—

TROWverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PRICE T ROWE GROUP INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for PRICE T ROWE GROUP INC, as it reported them
PRICE T ROWE GROUP INC · COM CUSIP — src ↗	$25.4M	282,000
PRICE T ROWE GROUP INC · COM CUSIP — src ↗	$2.9M	32,000

$28.3M

314,000

—

0.2%

—

CMCSAverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

COMCAST CORP NEW

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for COMCAST CORP NEW, as it reported them
COMCAST CORP NEW · CL A CUSIP — src ↗	$23.8M	828,780
COMCAST CORP NEW · CL A CUSIP — src ↗	$3.8M	133,100

$27.6M

961,880

—

0.2%

—

CSCOverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CISCO SYS INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for CISCO SYS INC, as it reported them
CISCO SYS INC · COM CUSIP — src ↗	$16.1M	207,500
CISCO SYS INC · COM CUSIP — src ↗	$11.5M	148,000

$27.6M

355,500

—

0.2%

—

LAMRverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

LAMAR ADVERTISING CO NEW

src ↗

LAMAR ADVERTISING CO NEW · CL A CUSIP —
2026-03-31 filed 2026-05-01 +31d

$24.4M

193,000

—

0.2%

—

NKEverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

NIKE INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for NIKE INC, as it reported them
NIKE INC · CL B CUSIP — src ↗	$21.2M	401,400
NIKE INC · CL B CUSIP — src ↗	$2.4M	46,000

$23.6M

447,400

—

0.2%

—

URIverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

UNITED RENTALS INC

src ↗

UNITED RENTALS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$22.7M

31,150

—

0.2%

—

CCKverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CROWN HLDGS INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for CROWN HLDGS INC, as it reported them
CROWN HLDGS INC · COM CUSIP — src ↗	$21.8M	217,000
CROWN HLDGS INC · COM CUSIP — src ↗	$301K	3,000

$22.1M

220,000

—

0.2%

—

APDverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

AIR PRODS & CHEMS INC

src ↗

AIR PRODS & CHEMS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$21.9M

75,500

—

0.2%

—

CSXverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CSX CORP

src ↗

CSX CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$21.8M

530,000

—

0.2%

—

RNRverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

RENAISSANCERE HLDGS LTD

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for RENAISSANCERE HLDGS LTD, as it reported them
RENAISSANCERE HLDGS LTD · COM CUSIP — src ↗	$19.9M	67,000
RENAISSANCERE HLDGS LTD · COM CUSIP — src ↗	$892K	3,000

$20.8M

70,000

—

0.2%

—

PMverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PHILIP MORRIS INTL INC

src ↗

PHILIP MORRIS INTL INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$18.9M

114,500

—

0.2%

—

FIXverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

COMFORT SYS USA INC

src ↗

COMFORT SYS USA INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$17.9M

13,000

—

0.2%

—

COFverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CAPITAL ONE FINL CORP

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for CAPITAL ONE FINL CORP, as it reported them
CAPITAL ONE FINL CORP · COM CUSIP — src ↗	$15.2M	83,500
CAPITAL ONE FINL CORP · COM CUSIP — src ↗	$1.4M	7,500

$16.6M

91,000

—

0.1%

—

WFCverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

WELLS FARGO CO NEW

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for WELLS FARGO CO NEW, as it reported them
WELLS FARGO CO NEW · COM CUSIP — src ↗	$13.7M	172,450
WELLS FARGO CO NEW · COM CUSIP — src ↗	$2.5M	32,000

$16.3M

204,450

—

0.1%

—

HSYverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

HERSHEY CO

src ↗

HERSHEY CO · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$15.6M

75,000

—

0.1%

—

HXLverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

HEXCEL CORP NEW

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for HEXCEL CORP NEW, as it reported them
HEXCEL CORP NEW · COM CUSIP — src ↗	$12.2M	151,000
HEXCEL CORP NEW · COM CUSIP — src ↗	$3.1M	38,000

$15.3M

189,000

—

0.1%

—

PEPverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PEPSICO INC

src ↗

PEPSICO INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$14.9M

96,210

—

0.1%

—

BNYverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

BANK NEW YORK MELLON CORP

src ↗

BANK NEW YORK MELLON CORP · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$14.8M

124,500

—

0.1%

—

CMEverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CME GROUP INC

src ↗

CME GROUP INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$14.7M

49,750

—

0.1%

—

PAYXverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

PAYCHEX INC

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for PAYCHEX INC, as it reported them
PAYCHEX INC · COM CUSIP — src ↗	$7.4M	80,000
PAYCHEX INC · COM CUSIP — src ↗	$6.4M	70,000

$13.8M

150,000

—

0.1%

—

SEICverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SEI INVTS CO

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for SEI INVTS CO, as it reported them
SEI INVTS CO · COM CUSIP — src ↗	$9.0M	114,200
SEI INVTS CO · COM CUSIP — src ↗	$4.6M	59,000

$13.6M

173,200

—

0.1%

—

CARRverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CARRIER GLOBAL CORPORATION

1 position · 2 reported rows

Rows MARKEL GROUP INC. reported for CARRIER GLOBAL CORPORATION, as it reported them
CARRIER GLOBAL CORPORATION · COM CUSIP — src ↗	$10.2M	180,400
CARRIER GLOBAL CORPORATION · COM CUSIP — src ↗	$3.1M	54,600

$13.2M

235,000

—

0.1%

—

EFXverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

EQUIFAX INC

src ↗

EQUIFAX INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$13.1M

72,850

—

0.1%

—

SPOTverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SPOTIFY TECHNOLOGY S A

src ↗

SPOTIFY TECHNOLOGY S A · SHS CUSIP —
2026-03-31 filed 2026-05-01 +31d

$12.6M

25,900

—

0.1%

—

AMATverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

APPLIED MATLS INC

src ↗

APPLIED MATLS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$12.4M

36,350

—

0.1%

—

CBOEverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

CBOE GLOBAL MKTS INC

src ↗

CBOE GLOBAL MKTS INC · COM CUSIP —
2026-03-31 filed 2026-05-01 +31d

$12.3M

43,700

—

0.1%

—

SHOPverified against the SEC company list on 2026-09-10 — a reviewed mapping row for this filed issuer name and class (never inferred)

SHOPIFY INC

src ↗

SHOPIFY INC · CL A SUB VTG SHS CUSIP —
2026-03-31 filed 2026-05-01 +31d

$12.2M

102,750

—

0.1%

—

every row this filer reported for the quarter, as it reported it — cross-filer de-duplication is applied to issuer totals elsewhere and never deletes a row here

A 13F is a quarterly, long-only snapshot filed up to 45 days late — not current holdings. what a 13F covers ↗

13F reports cover LONG positions in Section 13(f) securities (US exchange-traded equities plus reportable options, warrants, certain convertibles) held by managers with at least $100M in such securities — so managers below that threshold are absent entirely. No short positions, no cash, no non-13(f) assets — not a full portfolio, and not a census of institutional ownership.

Positions are quarter-end snapshots filed up to 45 days late — not current holdings. A position may have been changed or closed before you ever see it, and is older still by however long ago that quarter ended.

Values are the manager's stated market value at quarter-end in era-dependent units (whole dollars for form versions effective 2023-01-03 onward, thousands before), normalized here to whole dollars with unit_basis carried on every record.

Affiliated managers may report the same position (otherManager), so one position can appear under more than one filer.

Positions under confidential treatment may be omitted until a later amendment discloses them.

These are disclosures, not investment advice (ARCHITECTURE.md §5.2 / M2-CONTRACT §5).