Skip to main content

Markel Group

Superinvestor

Markel Group Inc.

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

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 6, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
128
−1 vs. Q3 2025
Portfolio value
$12.5B
+$223.4M (+1.8%) vs. Q3 2025
Filed
Feb 6, 2026
SEC
Holdings of Markel Group in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
GOOGAlphabet Inc.Stock2,749,860$862.9M6.9%00.0%UnchangedHistory
BRK.ABerkshire Hathaway IncCL A1,114$840.8M6.7%00.0%UnchangedHistory
BRK.BBerkshire Hathaway IncStock1,531,971$770.0M6.1%00.0%UnchangedHistory
BNBROOKFIELD CorpCL A LTD VT SH13,073,609$599.9M4.8%+4,357,868+50.0%AddedHistory
AMZNAmazon Com IncStock2,030,760$468.7M3.7%00.0%UnchangedHistory
DEDeere & CoStock877,900$408.7M3.3%00.0%UnchangedHistory
VVisa Inc.Stock999,285$350.5M2.8%00.0%UnchangedHistory
AAPLApple Inc.Stock1,227,290$333.7M2.7%00.0%UnchangedHistory
HDHome Depot, Inc.Stock920,000$316.6M2.5%00.0%UnchangedHistory
GSGoldman Sachs Group IncStock359,360$315.9M2.5%00.0%UnchangedHistory
ADIAnalog Devices IncStock1,023,245$277.5M2.2%−144,426−12.4%ReducedHistory
MSFTMicrosoft CorpStock535,680$259.1M2.1%+3,600+0.7%AddedHistory
BLKBlackRock, Inc.Stock220,200$235.7M1.9%00.0%UnchangedHistory
DISWalt Disney CoStock2,031,665$231.1M1.8%00.0%UnchangedHistory
LPLALPL Financial Holdings Inc.COM559,951$200.0M1.6%+6,630+1.2%AddedHistory
WSOWatsco IncCOM577,669$194.6M1.6%+12,500+2.2%AddedHistory
BXBlackstone Inc.COM1,229,000$189.4M1.5%00.0%UnchangedHistory
CATCaterpillar IncStock328,650$188.3M1.5%00.0%UnchangedHistory
KKRKKR & Co. Inc.COM1,451,800$185.1M1.5%00.0%UnchangedHistory
AXPAmerican Express CoStock488,500$180.7M1.4%+4,250+0.9%AddedHistory
GOOGLAlphabet Inc.Stock572,000$179.0M1.4%00.0%UnchangedHistory
LOWLowes Companies IncStock734,480$177.1M1.4%+7,750+1.1%AddedHistory
PGRProgressive CorpStock753,750$171.6M1.4%00.0%UnchangedHistory
METAMeta Platforms, Inc.Stock248,303$163.9M1.3%−31,978−11.4%ReducedHistory
RLIRli CorpCOM2,394,544$153.2M1.2%00.0%UnchangedHistory
APOApollo Global Management, Inc.COM1,012,500$146.6M1.2%00.0%UnchangedHistory
NVONovo Nordisk A SADR2,869,774$146.0M1.2%+501,125+21.2%AddedHistory
FNVFranco Nevada CorpStock683,500$141.7M1.1%+78,000+12.9%AddedHistory
MRSHMarsh & McLennan Companies, Inc.Stock761,750$141.3M1.1%+6,750+0.9%AddedHistory
SCHWSchwab Charles CorpStock1,375,800$137.5M1.1%+11,000+0.8%AddedHistory
GDGeneral Dynamics CorpStock391,000$131.6M1.0%00.0%UnchangedHistory
JNJJohnson & JohnsonStock610,800$126.4M1.0%00.0%UnchangedHistory
TXNTexas Instruments IncStock724,000$125.6M1.0%00.0%UnchangedHistory
MAMastercard IncStock207,540$118.5M0.9%00.0%UnchangedHistory
DEODiageo PLCSPON ADR NEW1,371,708$118.3M0.9%+5,000+0.4%AddedHistory
DGDollar General CorpCOM869,250$115.4M0.9%00.0%UnchangedHistory
BAMBrookfield Asset Management Ltd.CL A LMT VTG SHS2,193,953$114.9M0.9%00.0%UnchangedHistory
MCOMoodys CorpStock213,890$109.3M0.9%00.0%UnchangedHistory
HEI.AHeico CorpCL A379,644$95.8M0.8%00.0%UnchangedHistory
ROLRollins IncCOM1,489,025$89.4M0.7%+13,250+0.9%AddedHistory
NVRNVR IncCOM12,007$87.6M0.7%+110+0.9%AddedHistory
ADMArcher-Daniels-Midland CoStock1,505,800$86.6M0.7%00.0%UnchangedHistory
LINLinde PLCStock200,100$85.3M0.7%+7,250+3.8%AddedHistory
MSCIMSCI Inc.Stock142,850$82.0M0.7%00.0%UnchangedHistory
JPMJPMorgan Chase & CoStock252,550$81.4M0.6%00.0%UnchangedHistory
ITWIllinois Tool Works IncStock327,500$80.7M0.6%00.0%UnchangedHistory
NSCNorfolk Southern CorpStock273,500$79.0M0.6%+17,000+6.6%AddedHistory
SPGIS&P Global Inc.Stock150,690$78.7M0.6%00.0%UnchangedHistory
CGCarlyle Group Inc.COM1,327,000$78.4M0.6%00.0%UnchangedHistory
ECLEcolab Inc.Stock274,300$72.0M0.6%00.0%UnchangedHistory
ODFLOld Dominion Freight Line, Inc.COM421,650$66.1M0.5%+62,900+17.5%AddedHistory
ROKRockwell Automation, IncStock154,900$60.3M0.5%00.0%UnchangedHistory
ITICInvestors Title CoCOM213,300$53.2M0.4%00.0%UnchangedHistory
SBUXStarbucks CorpStock623,818$52.5M0.4%00.0%UnchangedHistory
TSNTyson Foods, Inc.Stock884,500$51.8M0.4%+36,000+4.2%AddedHistory
THGHanover Insurance Group, Inc.COM281,000$51.4M0.4%00.0%UnchangedHistory
AONAon plcCL A134,050$47.3M0.4%+4,250+3.3%AddedHistory
ACNAccenture plcStock159,400$42.8M0.3%00.0%UnchangedHistory
HGTYHagerty, Inc.CL A COM3,108,000$41.8M0.3%00.0%UnchangedHistory
RTXRTX CorpStock224,000$41.1M0.3%00.0%UnchangedHistory
HCAHCA Healthcare, Inc.COM80,680$37.7M0.3%+5,467+7.3%AddedHistory
FERGFerguson Enterprises Inc.COMMON STOCK NEW163,500$36.4M0.3%+16,500+11.2%AddedHistory
TMOThermo Fisher Scientific Inc.Stock62,800$36.4M0.3%+7,000+12.5%AddedHistory
FDSFactset Research Systems IncStock121,873$35.4M0.3%+5,153+4.4%AddedHistory
VRSKVerisk Analytics, Inc.COM155,950$34.9M0.3%00.0%UnchangedHistory
YUMYum Brands IncStock226,451$34.3M0.3%00.0%UnchangedHistory
COSTCostco Wholesale CorpStock39,150$33.8M0.3%00.0%UnchangedHistory
UNPUnion Pacific CorpStock141,278$32.7M0.3%+14,500+11.4%AddedHistory
ABNBAirbnb, Inc.Stock240,289$32.6M0.3%+13,156+5.8%AddedHistory
ALLAllstate CorpStock154,550$32.2M0.3%00.0%UnchangedHistory
TROWPrice T Rowe Group IncStock314,000$32.1M0.3%00.0%UnchangedHistory
LMTLockheed Martin CorpStock64,513$31.2M0.2%+2,250+3.6%AddedHistory
SHWSherwin Williams CoCOM94,172$30.5M0.2%00.0%UnchangedHistory
CMCSAComcast CorpStock961,880$28.8M0.2%00.0%UnchangedHistory
NKENIKE, Inc.Stock447,400$28.5M0.2%00.0%UnchangedHistory
MARMarriott International IncStock89,750$27.8M0.2%+16,500+22.5%AddedHistory
CSCOCisco Systems, Inc.Stock355,500$27.4M0.2%00.0%UnchangedHistory
URIUnited Rentals, Inc.COM31,150$25.2M0.2%00.0%UnchangedHistory
LAMRLamar Advertising CoREIT185,000$23.4M0.2%+15,000+8.8%AddedHistory
BF.ABrown Forman CorpCL A843,000$22.2M0.2%00.0%UnchangedHistory
COFCapital One Financial CorpStock91,000$22.1M0.2%00.0%UnchangedHistory
CCKCrown Holdings, Inc.COM212,000$21.8M0.2%+22,500+11.9%AddedHistory
RNRRenaissancere Holdings LtdCOM70,000$19.7M0.2%00.0%UnchangedHistory
WFCWells Fargo & CompanyStock204,450$19.1M0.2%00.0%UnchangedHistory
PMPhilip Morris International Inc.Stock114,500$18.4M0.1%00.0%UnchangedHistory
APDAir Products & Chemicals, Inc.Stock71,500$17.7M0.1%+6,500+10.0%AddedHistory
PAYXPaychex IncStock150,000$16.8M0.1%00.0%UnchangedHistory
SHOPShopify Inc.Stock102,750$16.5M0.1%00.0%UnchangedHistory
CSXCSX CorpStock440,000$15.9M0.1%+155,000+54.4%AddedHistory
EFXEquifax IncCOM72,850$15.8M0.1%00.0%UnchangedHistory
SPOTSpotify Technology S.A.Stock25,900$15.0M0.1%00.0%UnchangedHistory
SEICSEI Investments CoCOM173,200$14.2M0.1%00.0%UnchangedHistory
BNYBank of New York Mellon CorpStock121,500$14.1M0.1%00.0%UnchangedHistory
HXLHexcel CorpCOM189,000$14.0M0.1%00.0%UnchangedHistory
PEPPepsiCo IncStock96,210$13.8M0.1%00.0%UnchangedHistory
TGTTarget CorpStock133,000$13.0M0.1%00.0%UnchangedHistory
CMECME Group Inc.COM45,750$12.5M0.1%+13,750+43.0%AddedHistory
CARRCarrier Global CorpStock235,000$12.4M0.1%00.0%UnchangedHistory
BF.BBrown Forman CorpStock474,187$12.4M0.1%00.0%UnchangedHistory
HSYHershey CoCOM67,500$12.3M0.1%+13,000+23.9%AddedHistory

Sold out since Q3 2025 (2)

Positions held at the end of Q3 2025 that are gone from this filing.

Positions of Markel Group sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
FDXFedEx CorpStock213,000$50.2M0.4%History
ADBEAdobe Inc.Stock14,000$4.94M<0.1%History