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Markel Group

Superinvestor

Markel Group Inc.

SEC CIK
0001096343
Manager
Tom Gayner
Style
Quality, Value
Latest filing
Oct 30, 2026

The latest 13F from Markel Group covers Q3 2026 (filed Oct 30, 2026): 145 long positions worth $12.8B. The top 10 holdings make up 43.5% of the portfolio, and the largest is Alphabet Inc. (GOOG) at 7.3%. Livermore has 25 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2026

Full comparison

Share counts compared with Q2 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

New
16
Est. +$19.8M
Added
28
Est. +$63.5M
Reduced
8
Est. −$105.5M
Sold out
1
Est. −$898.1K

Top 5 holdings

Share of this quarter's portfolio value

  1. GOOGAlphabet Inc.
    7.3%$937.0MHistory
  2. BRK.ABerkshire Hathaway Inc
    6.5%$832.2MHistory
  3. BRK.BBerkshire Hathaway Inc
    5.9%$762.8MHistory
  4. DEDeere & Co
    4.5%$578.3MHistory
  5. AMZNAmazon Com Inc
    3.9%$506.0MHistory

Share of portfolio

Top 5 holdings and the other 140 positions, by share of portfolio value

  1. GOOG7.3%
  2. BRK.A6.5%
  3. BRK.B5.9%
  4. DE4.5%
  5. AMZN3.9%
  6. Other 140 positions71.8%

Biggest buys

New and added positions, by estimated amount bought

  1. ZTSZoetis Inc.
    +$25.1MAddedHistory
  2. WSOWatsco Inc
    +$7.65MAddedHistory
  3. FNVFranco Nevada Corp
    +$3.21MAddedHistory
  4. HDHome Depot, Inc.
    +$2.70MAddedHistory
  5. LINLinde PLC
    +$2.37MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. FNVFranco Nevada Corp
    +0.23 pp1.2% → 1.5%History
  2. ZTSZoetis Inc.
    +0.20 pp<0.1% → 0.2%History
  3. DISWalt Disney Co
    +0.18 pp1.5% → 1.7%History
  4. LPLALPL Financial Holdings Inc.
    +0.15 pp1.2% → 1.3%History
  5. TMOThermo Fisher Scientific Inc.
    +0.11 pp0.3% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. ABNBAirbnb, Inc.
    −$27.2MReducedHistory
  2. METAMeta Platforms, Inc.
    −$18.1MReducedHistory
  3. GOOGLAlphabet Inc.
    −$17.9MReducedHistory
  4. YUMYum Brands Inc
    −$14.1MReducedHistory
  5. DEDeere & Co
    −$11.2MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. ABNBAirbnb, Inc.
    −0.17 pp0.3% → 0.1%History
  2. GOOGLAlphabet Inc.
    −0.16 pp1.6% → 1.4%History
  3. YUMYum Brands Inc
    −0.15 pp0.3% → 0.2%History
  4. CMCSAComcast Corp
    −0.10 pp0.1% → <0.1%History
  5. COSTCostco Wholesale Corp
    −0.04 pp0.3% → 0.2%History

Metrics

13F metrics for Q3 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$12.8B
−$291.4M (−2.2%) vs. prior quarter
Positions
145
+15 vs. prior quarter
Top 10 concentration
43.5%
Top 10 as share of value
Turnover
0.6%
Q3 2026, one quarter
Average holding period
21.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

23 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $13.1B (Q2 2026)

Q1 2021: $7.23BQ2 2021: $7.90BQ3 2021: $7.91BQ4 2021: $8.74BQ1 2022: $8.43BQ2 2022: $6.99BQ3 2022: $6.77BQ4 2022: $7.46BQ1 2023: $7.86BQ2 2023: $8.40BQ3 2023: $8.28BQ4 2023: $9.20BQ1 2024: $10.1BQ2 2024: $10.2BQ3 2024: $11.1BQ4 2024: $11.3BQ1 2025: $11.3BQ2 2025: $11.8BQ3 2025: $12.3BQ4 2025: $12.5BQ1 2026: $11.9BQ2 2026: $13.1BQ3 2026: $12.8B
Q1 2021Q3 2026
13F filings of Markel Group by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2026Oct 30, 2026145$12.8BGOOGBRK.ABRK.Bvs. Q2 2026SEC
Q2 2026Jul 31, 2026130$13.1BGOOGBRK.ABRK.Bvs. Q1 2026SEC
Q1 2026May 1, 2026129$11.9BBRK.AGOOGBRK.Bvs. Q4 2025SEC
Q4 2025Feb 6, 2026128$12.5BGOOGBRK.ABRK.Bvs. Q3 2025SEC
Q3 2025Oct 31, 2025129$12.3BBRK.ABRK.BGOOGvs. Q2 2025SEC
Q2 2025Aug 1, 2025137$11.8BBRK.ABRK.BBNvs. Q1 2025SEC
Q1 2025May 2, 2025135$11.3BBRK.ABRK.BBNvs. Q4 2024SEC
Q4 2024Feb 7, 2025132$11.3BBRK.ABRK.BGOOGvs. Q3 2024SEC
Q3 2024Nov 1, 2024132$11.1BBRK.ABRK.BBNvs. Q2 2024SEC
Q2 2024Aug 2, 2024134$10.2BBRK.ABRK.BGOOGvs. Q1 2024SEC
Q1 2024May 3, 2024132$10.1BBRK.ABRK.BGOOGvs. Q4 2023SEC
Q4 2023Feb 2, 2024128$9.20BBRK.ABRK.BGOOGvs. Q3 2023SEC
Q3 2023Nov 3, 2023133$8.28BBRK.ABRK.BGOOGvs. Q2 2023SEC
Q2 2023Aug 4, 2023131$8.40BBRK.ABRK.BGOOGvs. Q1 2023SEC
Q1 2023Apr 28, 2023131$7.86BBRK.ABRK.BDEvs. Q4 2022SEC
Q4 2022Feb 3, 2023134$7.46BBRK.ABRK.BDEvs. Q3 2022SEC
Q3 2022Nov 4, 2022131$6.77BBRK.ABRK.BBAMvs. Q2 2022SEC
Q2 2022Aug 5, 2022131$6.99BBRK.ABRK.BBAMvs. Q1 2022SEC
Q1 2022Jun 13, 2022Amended126$8.43BBRK.ABRK.BBAMvs. Q4 2021SECSEC
Q4 2021Jun 13, 2022Amended120$8.74BBAMBRK.ABRK.Bvs. Q3 2021SECSEC
Q3 2021Nov 5, 2021125$7.91BBAMBRK.ABRK.Bvs. Q2 2021SEC
Q2 2021Aug 6, 2021125$7.90BBRK.ABAMBRK.Bvs. Q1 2021SEC
Q1 2021Apr 30, 2021118$7.23BBRK.ABRK.BBAM–SEC

13D and 13G filings

Companies where Markel Group reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Markel Group owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
HGTYHagerty, Inc.13D/A42.00%79.4M shares−2.80 ppfrom 44.80%Dec 10, 20217 filingsSep 14, 2026SEC

Latest filings

7 filings on file made by Markel Group or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Markel Group
CompanyFiled (ET)FormStakeChangeEvent dateFiling
HGTYHagerty, Inc.Sep 14, 20264:12 PM ET13D/A42.00%79.4M shares−2.80 ppfrom 44.80%Sep 11, 2026SEC
HGTYHagerty, Inc.Apr 15, 20266:55 PM ET13D/A44.80%79.4M shares−0.10 ppfrom 44.90%Apr 13, 2026SEC
HGTYHagerty, Inc.Nov 5, 20254:13 PM ET13D/A44.90%79.4M shares−2.80 ppfrom 47.70%Nov 4, 2025SEC
HGTYHagerty, Inc.Apr 18, 202510:42 AM ET13D/A47.70%79.4M shares–Apr 16, 2025SEC
HGTYHagerty, Inc.Jul 8, 202413D/AOld format–––SEC
HGTYHagerty, Inc.Jun 27, 202313D/AOld format–––SEC
HGTYHagerty, Inc.Dec 10, 202113DOld format–New–SEC