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Markel Group

Superinvestor

Markel Group Inc.

SEC CIK
0001096343
Manager
Tom Gayner
Style
Quality, Value
Latest filing
Jul 31, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Oct 31, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
129
−8 vs. Q2 2025
Portfolio value
$12.3B
+$493.0M (+4.2%) vs. Q2 2025
Filed
Oct 31, 2025
SEC
Holdings of Markel Group in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
BRK.ABerkshire Hathaway IncCL A1,114$840.2M6.8%00.0%UnchangedHistory
BRK.BBerkshire Hathaway IncStock1,531,971$770.2M6.3%00.0%UnchangedHistory
GOOGAlphabet Inc.Stock2,749,860$669.7M5.4%00.0%UnchangedHistory
BNBROOKFIELD CorpCL A LTD VT SH8,715,741$597.7M4.9%00.0%UnchangedHistory
AMZNAmazon Com IncStock2,030,760$445.9M3.6%00.0%UnchangedHistory
DEDeere & CoStock877,900$401.4M3.3%00.0%UnchangedHistory
HDHome Depot, Inc.Stock920,000$372.8M3.0%00.0%UnchangedHistory
VVisa Inc.Stock999,285$341.1M2.8%00.0%UnchangedHistory
AAPLApple Inc.Stock1,227,290$312.5M2.5%00.0%UnchangedHistory
ADIAnalog Devices IncStock1,167,671$286.9M2.3%00.0%UnchangedHistory
GSGoldman Sachs Group IncStock359,360$286.2M2.3%00.0%UnchangedHistory
MSFTMicrosoft CorpStock532,080$275.6M2.2%+4,600+0.9%AddedHistory
BLKBlackRock, Inc.Stock220,200$256.7M2.1%00.0%UnchangedHistory
DISWalt Disney CoStock2,031,665$232.6M1.9%00.0%UnchangedHistory
WSOWatsco IncCOM565,169$228.5M1.9%00.0%UnchangedHistory
BXBlackstone Inc.COM1,229,000$210.0M1.7%00.0%UnchangedHistory
METAMeta Platforms, Inc.Stock280,281$205.8M1.7%00.0%UnchangedHistory
KKRKKR & Co. Inc.COM1,451,800$188.7M1.5%00.0%UnchangedHistory
PGRProgressive CorpStock753,750$186.1M1.5%00.0%UnchangedHistory
LPLALPL Financial Holdings Inc.COM553,321$184.1M1.5%+8,717+1.6%AddedHistory
LOWLowes Companies IncStock726,730$182.6M1.5%+9,500+1.3%AddedHistory
AXPAmerican Express CoStock484,250$160.8M1.3%00.0%UnchangedHistory
CATCaterpillar IncStock328,650$156.8M1.3%00.0%UnchangedHistory
RLIRli CorpCOM2,394,544$156.2M1.3%00.0%UnchangedHistory
MRSHMarsh & McLennan Companies, Inc.Stock755,000$152.2M1.2%+6,250+0.8%AddedHistory
GOOGLAlphabet Inc.Stock572,000$139.1M1.1%00.0%UnchangedHistory
FNVFranco Nevada CorpStock605,500$135.0M1.1%+36,000+6.3%AddedHistory
APOApollo Global Management, Inc.COM1,012,500$134.9M1.1%00.0%UnchangedHistory
GDGeneral Dynamics CorpStock391,000$133.3M1.1%00.0%UnchangedHistory
TXNTexas Instruments IncStock724,000$133.0M1.1%00.0%UnchangedHistory
NVONovo Nordisk A SADR2,368,649$131.4M1.1%+110,061+4.9%AddedHistory
DEODiageo PLCSPON ADR NEW1,366,708$130.4M1.1%00.0%UnchangedHistory
SCHWSchwab Charles CorpStock1,364,800$130.3M1.1%00.0%UnchangedHistory
BAMBrookfield Asset Management Ltd.CL A LMT VTG SHS2,193,953$124.9M1.0%00.0%UnchangedHistory
MAMastercard IncStock207,540$118.1M1.0%00.0%UnchangedHistory
JNJJohnson & JohnsonStock610,800$113.3M0.9%00.0%UnchangedHistory
MCOMoodys CorpStock213,890$101.9M0.8%00.0%UnchangedHistory
HEI.AHeico CorpCL A379,644$96.5M0.8%00.0%UnchangedHistory
NVRNVR IncCOM11,897$95.6M0.8%00.0%UnchangedHistory
LINLinde PLCStock192,850$91.6M0.7%+6,250+3.3%AddedHistory
ADMArcher-Daniels-Midland CoStock1,505,800$90.0M0.7%−68,000−4.3%ReducedHistory
DGDollar General CorpCOM869,250$89.8M0.7%00.0%UnchangedHistory
ROLRollins IncCOM1,475,775$86.7M0.7%+6,500+0.4%AddedHistory
ITWIllinois Tool Works IncStock327,500$85.4M0.7%00.0%UnchangedHistory
CGCarlyle Group Inc.COM1,327,000$83.2M0.7%00.0%UnchangedHistory
MSCIMSCI Inc.Stock142,850$81.1M0.7%00.0%UnchangedHistory
JPMJPMorgan Chase & CoStock252,550$79.7M0.6%00.0%UnchangedHistory
NSCNorfolk Southern CorpStock256,500$77.1M0.6%+20,000+8.5%AddedHistory
ECLEcolab Inc.Stock274,300$75.1M0.6%00.0%UnchangedHistory
SPGIS&P Global Inc.Stock150,690$73.3M0.6%00.0%UnchangedHistory
ITICInvestors Title CoCOM213,300$57.1M0.5%00.0%UnchangedHistory
ROKRockwell Automation, IncStock154,900$54.1M0.4%00.0%UnchangedHistory
SBUXStarbucks CorpStock623,818$52.8M0.4%00.0%UnchangedHistory
THGHanover Insurance Group, Inc.COM281,000$51.0M0.4%00.0%UnchangedHistory
ODFLOld Dominion Freight Line, Inc.COM358,750$50.5M0.4%+16,300+4.8%AddedHistory
FDXFedEx CorpStock213,000$50.2M0.4%00.0%UnchangedHistory
AONAon plcCL A129,800$46.3M0.4%00.0%UnchangedHistory
TSNTyson Foods, Inc.Stock848,500$46.1M0.4%+32,500+4.0%AddedHistory
ACNAccenture plcStock159,400$39.3M0.3%00.0%UnchangedHistory
VRSKVerisk Analytics, Inc.COM155,950$39.2M0.3%00.0%UnchangedHistory
RTXRTX CorpStock224,000$37.5M0.3%00.0%UnchangedHistory
HGTYHagerty, Inc.CL A COM3,108,000$37.5M0.3%00.0%UnchangedHistory
COSTCostco Wholesale CorpStock39,150$36.2M0.3%00.0%UnchangedHistory
YUMYum Brands IncStock226,451$34.4M0.3%00.0%UnchangedHistory
FDSFactset Research Systems IncStock116,720$33.4M0.3%00.0%UnchangedHistory
ALLAllstate CorpStock154,550$33.2M0.3%00.0%UnchangedHistory
FERGFerguson Enterprises Inc.COMMON STOCK NEW147,000$33.0M0.3%+12,500+9.3%AddedHistory
SHWSherwin Williams CoCOM94,172$32.6M0.3%00.0%UnchangedHistory
TROWPrice T Rowe Group IncStock314,000$32.2M0.3%00.0%UnchangedHistory
HCAHCA Healthcare, Inc.COM75,213$32.1M0.3%+6,250+9.1%AddedHistory
NKENIKE, Inc.Stock447,400$31.2M0.3%00.0%UnchangedHistory
LMTLockheed Martin CorpStock62,263$31.1M0.3%00.0%UnchangedHistory
CMCSAComcast CorpStock961,880$30.2M0.2%00.0%UnchangedHistory
UNPUnion Pacific CorpStock126,778$30.0M0.2%+29,500+30.3%AddedHistory
URIUnited Rentals, Inc.COM31,150$29.7M0.2%00.0%UnchangedHistory
ABNBAirbnb, Inc.Stock227,133$27.6M0.2%+15,130+7.1%AddedHistory
TMOThermo Fisher Scientific Inc.Stock55,800$27.1M0.2%+6,250+12.6%AddedHistory
CSCOCisco Systems, Inc.Stock355,500$24.3M0.2%+6,000+1.7%AddedHistory
BF.ABrown Forman CorpCL A843,000$22.7M0.2%00.0%UnchangedHistory
LAMRLamar Advertising CoREIT170,000$20.8M0.2%+12,000+7.6%AddedHistory
COFCapital One Financial CorpStock91,000$19.3M0.2%00.0%UnchangedHistory
MARMarriott International IncStock73,250$19.1M0.2%+13,000+21.6%AddedHistory
PAYXPaychex IncStock150,000$19.0M0.2%00.0%UnchangedHistory
EFXEquifax IncCOM72,850$18.7M0.2%00.0%UnchangedHistory
PMPhilip Morris International Inc.Stock114,500$18.6M0.2%00.0%UnchangedHistory
CCKCrown Holdings, Inc.COM189,500$18.3M0.1%00.0%UnchangedHistory
SPOTSpotify Technology S.A.Stock25,900$18.1M0.1%00.0%UnchangedHistory
RNRRenaissancere Holdings LtdCOM70,000$17.8M0.1%00.0%UnchangedHistory
APDAir Products & Chemicals, Inc.Stock65,000$17.7M0.1%00.0%UnchangedHistory
WFCWells Fargo & CompanyStock204,450$17.1M0.1%00.0%UnchangedHistory
SHOPShopify Inc.Stock102,750$15.3M0.1%00.0%UnchangedHistory
SEICSEI Investments CoCOM173,200$14.7M0.1%00.0%UnchangedHistory
CARRCarrier Global CorpStock235,000$14.0M0.1%00.0%UnchangedHistory
PEPPepsiCo IncStock96,210$13.5M0.1%00.0%UnchangedHistory
BNYBank of New York Mellon CorpStock121,500$13.2M0.1%00.0%UnchangedHistory
BF.BBrown Forman CorpStock474,187$12.8M0.1%00.0%UnchangedHistory
CHHChoice Hotels International IncCOM115,500$12.3M0.1%00.0%UnchangedHistory
UBERUber Technologies, IncStock123,500$12.1M0.1%00.0%UnchangedHistory
TGTTarget CorpStock133,000$11.9M0.1%00.0%UnchangedHistory
HXLHexcel CorpCOM189,000$11.9M0.1%00.0%UnchangedHistory

Sold out since Q2 2025 (11)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Markel Group sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
MMM3M CoStock118,250$18.0M0.2%History
OIO-I Glass, Inc.COM473,700$6.98M0.1%History
CECelanese CorpStock81,300$4.50M<0.1%History
GPKGraphic Packaging Holding CoCOM174,000$3.67M<0.1%History
BALLBALL CorpCOM51,000$2.86M<0.1%History
WTWWillis Towers Watson PLCSHS8,627$2.64M<0.1%History
ITGartner IncCOM5,700$2.30M<0.1%History
INTUIntuit Inc.Stock2,720$2.14M<0.1%History
CSGPCostar Group, Inc.COM18,600$1.50M<0.1%History
ELEstee Lauder Companies IncCL A15,000$1.21M<0.1%History
BUDAnheuser-Busch InBev SA/NVADR11,000$755.9K<0.1%History