Markel Group
Tom GaynerGlen Allen, VAfiles as Markel Group Inc.
$13.1bn in 130 US stocks at the end of 30 June 2026. The top 10 are 42.9% of the money. It changed about 4.8% of the portfolio this quarter.
Value
$13.1bn
Stocks
130
Top 10 share
42.9%
Turnover
4.8%
What changed this quarter
New
Bought for the first time this quarter.
- ZoetisZTS<0.1% of the fund
- NetflixNFLX<0.1% of the fund
- UFP IndustriesUFPI<0.1% of the fund
Added
Bought more of a stock they already held.
- WatscoWSO1.9% of the fund+3%
- Franco NevadaFNV1.2% of the fund+9%
- LindeLIN0.9% of the fund+5%
- Tyson FoodsTSN0.4% of the fund+3%
- Union PacificUNP0.3% of the fund+7%
- Ferguson EnterprisesFERG0.3% of the fund+6%
- MercadoLibreMELI0.3% of the fund+340%
- Marriott InternationalMAR0.3% of the fund+6%
- Thermo Fisher ScientificTMO0.3% of the fund+9%
- HCA HealthcareHCA0.3% of the fund+2%
- CSXCSX0.2% of the fund+10%
- Air Products & ChemicalsAPD0.2% of the fund+17%
- Enterprise Products Partners L.P.EPD0.2% of the fund+182%
- Otis WorldwideOTIS<0.1% of the fund+17%
- ExxonMobil HoldingsXOM<0.1% of the fund+19%
- Canadian Pacific Kansas CityCP<0.1% of the fund+23%
- WeyerhaeuserWY<0.1% of the fund+586%
Cut
Sold some of their stake.
- Analog DevicesADI3.0% of the fund-2%
- Meta PlatformsMETA1.0% of the fund-6%
- ComcastCMCSA0.1% of the fund-17%
Sold out
Sold their entire stake.
Holdings
- Berkshire Hathaway INC DELBRK-A
- Share
- 6.4%
- Value
- $834m
- Shares
- 1,114
Held
- BrookfieldBN
- Share
- 4.2%
- Value
- $557m
- Shares
- 13,073,609
Held
- Franco NevadaFNV
- Share
- 1.2%
- Value
- $161m
- Shares
- 773,500
+9%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AlphabetGOOG | 7.4% | $972m | 2,749,860 | Held |
| Berkshire Hathaway INC DELBRK-A | 6.4% | $834m | 1,114 | Held |
| Berkshire HathawayBRK-B | 5.8% | $767m | 1,531,971 | Held |
| DeereDE | 4.2% | $557m | 877,900 | Held |
| BrookfieldBN | 4.2% | $557m | 13,073,609 | Held |
| Amazon.comAMZN | 3.7% | $484m | 2,030,760 | Held |
| Analog DevicesADI | 3.0% | $397m | 999,671 | -2% |
| Goldman Sachs GroupGS | 2.8% | $363m | 359,360 | Held |
| AppleAAPL | 2.7% | $355m | 1,227,290 | Held |
| CaterpillarCAT | 2.7% | $350m | 328,650 | Held |
| VisaV | 2.6% | $348m | 1,013,912 | Held |
| Home DepotHD | 2.5% | $325m | 922,500 | Held |
| WatscoWSO | 1.9% | $249m | 597,750 | +3% |
| Texas InstrumentsTXN | 1.6% | $216m | 724,000 | Held |
| BlackRockBLK | 1.6% | $212m | 220,200 | Held |
| AlphabetGOOGL | 1.6% | $204m | 572,000 | Held |
| MicrosoftMSFT | 1.5% | $201m | 537,630 | Held |
| Walt DisneyDIS | 1.5% | $196m | 2,031,665 | Held |
| American ExpressAXP | 1.3% | $166m | 490,450 | Held |
| Lowe's CompaniesLOW | 1.3% | $166m | 751,980 | Held |
| ProgressivePGR | 1.3% | $165m | 753,750 | Held |
| Franco NevadaFNV | 1.2% | $161m | 773,500 | +9% |
| LPL Financial HoldingsLPLA | 1.2% | $158m | 559,951 | Held |
| Johnson & JohnsonJNJ | 1.2% | $155m | 610,800 | Held |
| BlackstoneBX | 1.1% | $145m | 1,229,000 | Held |
| RLIRLI | 1.1% | $141m | 2,394,544 | Held |
| General DynamicsGD | 1.1% | $139m | 391,000 | Held |
| Novo Nordisk A SNVO | 1.0% | $138m | 2,869,774 | Held |
| KKRKKR | 1.0% | $133m | 1,451,800 | Held |
| Meta PlatformsMETA | 1.0% | $132m | 234,163 | -6% |
| Charles SchwabSCHW | 1.0% | $129m | 1,394,800 | Held |
| Marsh & McLennan CompaniesMRSH | 1.0% | $127m | 763,500 | Held |
| Apollo Global ManagementAPO | 0.9% | $120m | 1,012,500 | Held |
| Archer-Daniels-MidlandADM | 0.9% | $115m | 1,505,800 | Held |
| LindeLIN | 0.9% | $112m | 215,600 | +5% |
| DiageoDEO | 0.8% | $110m | 1,372,208 | Held |
| MastercardMA | 0.8% | $107m | 207,540 | Held |
| Dollar GeneralDG | 0.8% | $100m | 869,250 | Held |
| Brookfield Asset ManagementBAM | 0.7% | $98m | 2,193,953 | Held |
| HeicoHEI-A | 0.7% | $98m | 379,644 | Held |
| Moody'sMCO | 0.7% | $97m | 213,890 | Held |
| Old Dominion Freight LineODFL | 0.7% | $93m | 429,150 | Held |
| Norfolk SouthernNSC | 0.7% | $89m | 282,500 | Held |
| Illinois Tool WorksITW | 0.7% | $89m | 327,500 | Held |
| JPMorgan ChaseJPM | 0.6% | $83m | 252,550 | Held |
| NVRNVR | 0.6% | $82m | 12,097 | Held |
| MsciMSCI | 0.6% | $80m | 142,850 | Held |
| Rockwell AutomationROK | 0.6% | $77m | 154,900 | Held |
| EcolabECL | 0.6% | $76m | 274,300 | Held |
| Sunbelt Rentals HoldingsSUNB | 0.6% | $73m | 974,361 | Held |
| StarbucksSBUX | 0.5% | $64m | 623,818 | Held |
| RollinsROL | 0.5% | $63m | 1,516,525 | Held |
| Hanover Insurance GroupTHG | 0.5% | $60m | 281,000 | Held |
| Investors TitleITIC | 0.4% | $58m | 213,300 | Held |
| Carlyle GroupCG | 0.4% | $56m | 1,327,000 | Held |
| Tyson FoodsTSN | 0.4% | $52m | 913,500 | +3% |
| S&P GlobalSPGI | 0.4% | $48m | 117,690 | Held |
| AonAON | 0.3% | $45m | 135,800 | Held |
| Union PacificUNP | 0.3% | $44m | 161,028 | +7% |
| Ferguson EnterprisesFERG | 0.3% | $43m | 180,200 | +6% |
| RTXRTX | 0.3% | $42m | 224,000 | Held |
| Cisco SystemsCSCO | 0.3% | $42m | 355,500 | Held |
| MercadoLibreMELI | 0.3% | $41m | 24,000 | +340% |
| YUM BrandsYUM | 0.3% | $39m | 245,213 | Held |
| Marriott InternationalMAR | 0.3% | $37m | 99,500 | +6% |
| AllstateALL | 0.3% | $37m | 154,550 | Held |
| Thermo Fisher ScientificTMO | 0.3% | $37m | 73,100 | +9% |
| Costco WholesaleCOST | 0.3% | $37m | 39,150 | Held |
| HagertyHGTY | 0.3% | $36m | 3,108,000 | Held |
| Price T Rowe GroupTROW | 0.3% | $36m | 314,000 | Held |
| United RentalsURI | 0.3% | $35m | 31,150 | Held |
| AirbnbABNB | 0.3% | $35m | 242,389 | Held |
| Lockheed MartinLMT | 0.3% | $33m | 65,213 | Held |
| HCA HealthcareHCA | 0.3% | $33m | 84,366 | +2% |
| Sherwin-WilliamsSHW | 0.2% | $32m | 94,172 | Held |
| Factset Research SystemsFDS | 0.2% | $31m | 135,376 | Held |
| Lamar AdvertisingLAMR | 0.2% | $30m | 193,000 | Held |
| Verisk AnalyticsVRSK | 0.2% | $28m | 155,950 | Held |
| CSXCSX | 0.2% | $28m | 584,500 | +10% |
| Applied MaterialsAMAT | 0.2% | $26m | 36,350 | Held |
| Air Products & ChemicalsAPD | 0.2% | $26m | 88,500 | +17% |
| Comfort Systems USAFIX | 0.2% | $26m | 13,000 | Held |
| Crown HoldingsCCK | 0.2% | $25m | 220,000 | Held |
| Brown FormanBF-A | 0.2% | $23m | 843,000 | Held |
| Renaissancere HoldingsRNR | 0.2% | $22m | 70,000 | Held |
| Enterprise Products Partners L.P.EPD | 0.2% | $21m | 569,000 | +182% |
| Philip Morris InternationalPM | 0.2% | $21m | 114,500 | Held |
| AccentureACN | 0.2% | $20m | 159,400 | Held |
| ComcastCMCSA | 0.1% | $20m | 802,074 | -17% |
| HexcelHXL | 0.1% | $19m | 189,000 | Held |
| NikeNKE | 0.1% | $18m | 447,400 | Held |
| Capital One FinancialCOF | 0.1% | $18m | 91,000 | Held |
| Bank of New York MellonBNY | 0.1% | $18m | 124,500 | Held |
| Carrier GlobalCARR | 0.1% | $17m | 235,000 | Held |
| Wells Fargo & CompanyWFC | 0.1% | $17m | 204,450 | Held |
| SEI InvestmentsSEIC | 0.1% | $15m | 173,200 | Held |
| PaychexPAYX | 0.1% | $15m | 150,000 | Held |
| HersheyHSY | 0.1% | $13m | 75,000 | Held |
| PepsiCoPEP | <0.1% | $13m | 96,210 | Held |
| Brown FormanBF-B | <0.1% | $13m | 474,187 | Held |
Showing the largest 100 of 130.
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 11.0% since 30 June 2025.
Where the money is
Financial services30.1%
Industrials16.7%
Media & telecom11.7%
Technology10.6%
Retail & consumer9.7%
Real estate4.5%
Everyday goods3.8%
Materials3.4%
Health care2.9%
Utilities0.2%
Energy0.1%
Other6.5%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.