운용사 기록 · ✦ 큐레이션 · 과거 분기 (아카이브)

Markel Group

Insurance holding company · Glen Allen, VA · CIK 1096343 · EDGAR 공시 ↗

Buffett-style equity book inside an insurer.

Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 변동 ⇄

$11.26B보고된 13F 가치

217포지션

41.3%상위 10개 비중

37.80유효 보유 종목

5.5%추정 회전율

+3신규

−0청산

보고된 13F 포트폴리오 가치는 미국 내 보고 대상 롱 포지션만 포함하며, 현금, 채권, 숏 포지션 또는 비미국 보유 자산은 제외됩니다. 운용 자산(AUM)이 아닙니다.

분기별 보고 가치 Q2 2024 → Q2 2026

섹터 익스포저

금융 서비스 47.6% (+1.5pp)

산업재 14.6% (+0.8pp)

경기소비재 10.8% (-0.6pp)

기술 8.8% (-0.6pp)

커뮤니케이션 서비스 8.3% (-1.3pp)

필수소비재 4.1% (+0.0pp)

헬스케어 2.9% (-0.1pp)

기초소재 2.8% (+0.4pp)

부동산 0.2% (+0.1pp)

보고된 보통주 가치 대비 비중; (±pp) 전 분기 대비.

포트폴리오 · Q1 2025

#	증권	비중	가치	주식 수	Δ 주식 수		보유
1	BRK-A Berkshire Hathaway Inc.	7.9%	$889.46M	1.11K	0.0%	Held	4
2	BRK-B Berkshire Hathaway Inc.	7.2%	$815.90M	1.53M	0.0%	Held	4
3	BN Brookfield Corporation	4.1%	$456.79M	8.72M	0.0%	Held	4
4	GOOG Alphabet Inc.	3.8%	$429.61M	2.75M	0.0%	Held	4
5	DE Deere & Company	3.7%	$411.95M	877.70K	+0.3%	▲ Add	4
6	AMZN Amazon.com, Inc.	3.4%	$386.37M	2.03M	0.0%	Held	4
7	V Visa Inc.	3.1%	$350.21M	999.28K	0.0%	Held	4
8	HD The Home Depot, Inc.	3.0%	$337.17M	920.00K	0.0%	Held	4
9	WSO Watsco, Inc.	2.7%	$300.15M	590.50K	0.0%	Held	4
10	AAPL Apple Inc.	2.4%	$272.62M	1.23M	0.0%	Held	4
11	ADI Analog Devices, Inc.	2.1%	$235.48M	1.17M	0.0%	Held	4
12	PGR The Progressive Corporation	1.9%	$213.32M	753.75K	0.0%	Held	4
13	BLK BlackRock, Inc.	1.9%	$208.41M	220.20K	0.0%	Held	4
14	DIS The Walt Disney Company	1.8%	$200.53M	2.03M	0.0%	Held	4
15	GS The Goldman Sachs Group…	1.7%	$196.31M	359.36K	0.0%	Held	4
16	MSFT Microsoft Corporation	1.7%	$196.23M	522.73K	+0.6%	▲ Add	4
17	RLI RLI Corp.	1.7%	$192.35M	2.39M	+100.0%	▲ Add	4
18	MRSH Marsh & McLennan Companies…	1.6%	$181.44M	743.50K	+1.1%	▲ Add	4
19	LPLA LPL Financial Holdings Inc.	1.6%	$176.36M	539.10K	+1.3%	▲ Add	4
20	BX Blackstone Inc.	1.5%	$171.79M	1.23M	0.0%	Held	4
21	KKR KKR & Co. Inc.	1.5%	$167.84M	1.45M	0.0%	Held	4
22	LOW Lowe's Companies, Inc.	1.5%	$165.18M	708.23K	+1.0%	▲ Add	4
23	META Meta Platforms, Inc.	1.4%	$161.43M	280.08K	+0.6%	▲ Add	4
24	NVO Novo Nordisk A/S	1.3%	$149.30M	2.15M	0.0%	Held	4
25	DEO Diageo plc	1.3%	$143.22M	1.37M	0.0%	Held	4
26	APO Apollo Global Management…	1.2%	$138.65M	1.01M	0.0%	Held	4
27	AXP American Express Company	1.2%	$130.29M	484.25K	0.0%	Held	4
28	TXN Texas Instruments…	1.2%	$130.10M	724.00K	0.0%	Held	4
29	MA Mastercard Incorporated	1.0%	$113.76M	207.54K	0.0%	Held	4
30	CAT Caterpillar Inc.	1.0%	$108.19M	328.05K	+1.0%	▲ Add	4
31	SCHW The Charles Schwab…	0.9%	$106.84M	1.36M	+0.1%	▲ Add	4
32	GD General Dynamics Corporation	0.9%	$106.58M	391.00K	0.0%	Held	4
33	BAM Brookfield Asset Management…	0.9%	$106.30M	2.19M	0.0%	Held	4
34	JNJ Johnson & Johnson	0.9%	$101.30M	610.80K	0.0%	Held	4
35	MCO Moody's Corporation	0.9%	$99.61M	213.89K	0.0%	Held	4
36	GOOGL Alphabet Inc.	0.8%	$86.13M	557.00K	+0.4%	▲ Add	4
37	NVR NVR, Inc.	0.8%	$86.09M	11.88K	+0.6%	▲ Add	4
38	LIN Linde plc	0.7%	$84.28M	181.00K	+7.7%	▲ Add	4
39	FNV Franco-Nevada Corporation	0.7%	$82.76M	525.25K	+8.7%	▲ Add	4
40	ITW Illinois Tool Works Inc.	0.7%	$81.22M	327.50K	0.0%	Held	4
41	MSCI MSCI Inc.	0.7%	$80.78M	142.85K	0.0%	Held	4
42	HEI-A HEICO Corporation	0.7%	$80.09M	379.64K	0.0%	Held	4
43	ROL Rollins, Inc.	0.7%	$79.01M	1.46M	0.0%	Held	4
44	SPGI S&P Global Inc.	0.7%	$76.57M	150.69K	0.0%	Held	4
45	DG Dollar General Corporation	0.7%	$76.43M	869.25K	+4.0%	▲ Add	4
46	ADM Archer-Daniels-Midland…	0.7%	$74.48M	1.55M	+5.2%	▲ Add	4
47	ECL Ecolab Inc.	0.6%	$69.54M	274.30K	0.0%	Held	4
48	JPM JPMorgan Chase & Co.	0.6%	$61.95M	252.55K	0.0%	Held	4
49	SBUX Starbucks Corporation	0.5%	$61.19M	623.82K	+1.1%	▲ Add	4
50	CG The Carlyle Group Inc.	0.5%	$57.84M	1.33M	0.0%	Held	4
51	NSC Norfolk Southern Corporation	0.5%	$54.36M	229.50K	0.0%	Held	4
52	FDS FactSet Research Systems…	0.5%	$53.07M	116.72K	0.0%	Held	4
53	FDX FedEx Corporation	0.5%	$51.93M	213.00K	+3.1%	▲ Add	4
54	ODFL Old Dominion Freight Line…	0.5%	$51.82M	313.20K	+4.2%	▲ Add	4
55	AON Aon plc	0.5%	$51.66M	129.45K	+2.6%	▲ Add	4
56	ITIC INVESTORS TITLE CO NC	0.5%	$51.42M	213.30K	0.0%	Held	4
57	TSN Tyson Foods, Inc.	0.5%	$50.95M	798.50K	0.0%	Held	4
58	ACN Accenture plc	0.4%	$49.74M	159.40K	0.0%	Held	4
59	THG The Hanover Insurance…	0.4%	$48.71M	280.00K	+4.9%	▲ Add	4
60	VRSK Verisk Analytics, Inc.	0.4%	$46.41M	155.95K	0.0%	Held	4
61	MMM 3M Company	0.4%	$43.14M	293.75K	0.0%	Held	4
62	ROK Rockwell Automation, Inc.	0.4%	$40.02M	154.90K	0.0%	Held	4
63	COST Costco Wholesale Corporation	0.3%	$37.03M	39.15K	0.0%	Held	4
64	CMCSA Comcast Corporation	0.3%	$35.49M	961.88K	0.0%	Held	4
65	YUM Yum! Brands, Inc.	0.3%	$35.48M	225.45K	+9.7%	▲ Add	4
66	SHW The Sherwin-Williams Company	0.3%	$32.88M	94.17K	0.0%	Held	4
67	ALL The Allstate Corporation	0.3%	$32.00M	154.55K	0.0%	Held	4
68	RTX RTX Corporation	0.3%	$29.67M	224.00K	0.0%	Held	4
69	TROW T. Rowe Price Group, Inc.	0.3%	$28.85M	314.00K	0.0%	Held	4
70	NKE NIKE, Inc.	0.3%	$28.27M	445.40K	+3.0%	▲ Add	4
71	BF-A BROWN FORMAN CORP	0.3%	$28.22M	843.00K	0.0%	Held	4
72	HGTY Hagerty, Inc.	0.2%	$28.10M	3.11M	0.0%	Held	4
73	LMT Lockheed Martin Corporation	0.2%	$27.46M	61.46K	+9.1%	▲ Add	4
74	PAYX Paychex, Inc.	0.2%	$23.14M	150.00K	0.0%	Held	4
75	TMO Thermo Fisher Scientific…	0.2%	$22.39M	45.00K	+9.5%	▲ Add	4
76	ABNB Airbnb, Inc.	0.2%	$21.96M	183.82K	+59.4%	▲ Add	3
77	HCA HCA Healthcare, Inc.	0.2%	$21.42M	62.00K	+9.6%	▲ Add	4
78	CSCO Cisco Systems, Inc.	0.2%	$21.10M	342.00K	0.0%	Held	4
79	UNP Union Pacific Corporation	0.2%	$20.26M	85.78K	0.0%	Held	4
80	FERG Ferguson plc	0.2%	$19.71M	123.00K	+16.0%	▲ Add	3
81	URI United Rentals, Inc.	0.2%	$19.52M	31.15K	+5.1%	▲ Add	4
82	APD Air Products and Chemicals…	0.2%	$19.17M	65.00K	+0.8%	▲ Add	4
83	PM Philip Morris International…	0.2%	$18.17M	114.50K	0.0%	Held	4
84	EFX Equifax Inc.	0.2%	$17.74M	72.85K	0.0%	Held	4
85	CCK Crown Holdings, Inc.	0.1%	$16.91M	189.50K	0.0%	Held	4
86	RNR RenaissanceRe Holdings Ltd.	0.1%	$16.80M	70.00K	0.0%	Held	4
87	COF Capital One Financial…	0.1%	$16.32M	91.00K	0.0%	Held	4
88	BF-B Brown-Forman Corporation	0.1%	$16.09M	474.19K	0.0%	Held	4
89	LAMR Lamar Advertising Company	0.1%	$15.59M	137.00K	+10.5%	▲ Add	4
90	CHH Choice Hotels…	0.1%	$15.34M	115.50K	0.0%	Held	4
91	CARR Carrier Global Corporation	0.1%	$14.90M	235.00K	0.0%	Held	4
92	WFC Wells Fargo & Company	0.1%	$14.68M	204.45K	0.0%	Held	4
93	UNH UnitedHealth Group…	0.1%	$14.67M	28.01K	+4.9%	▲ Add	4
94	PEP PepsiCo, Inc.	0.1%	$14.43M	96.21K	0.0%	Held	4
95	SPOT Spotify Technology S.A.	0.1%	$14.25M	25.90K	0.0%	Held	4
96	TGT Target Corporation	0.1%	$13.88M	133.00K	0.0%	Held	4
97	SEIC SEI Investments Company	0.1%	$13.45M	173.20K	0.0%	Held	4
98	MAR Marriott International, Inc.	0.1%	$12.39M	52.00K	+10.6%	▲ Add	4
99	GPK Graphic Packaging Holding…	0.1%	$11.97M	461.23K	+8.0%	▲ Add	4
100	OTIS Otis Worldwide Corporation	0.1%	$11.83M	114.62K	0.0%	Held	4
101	NSP Insperity, Inc.	0.1%	$11.75M	131.73K	0.0%	Held	4
102	KMX CarMax, Inc.	0.1%	$10.64M	136.50K	0.0%	Held	4
103	IQV IQVIA Holdings Inc.	0.1%	$10.35M	58.73K	0.0%	Held	4
104	HXL Hexcel Corporation	0.1%	$10.35M	189.00K	0.0%	Held	4
105	BNY Bank of New York Mellon Corp	0.1%	$10.19M	121.50K	0.0%	Held	4
106	OI O-I Glass, Inc.	0.1%	$10.03M	874.10K	+6.1%	▲ Add	4
107	SHOP Shopify Inc.	0.1%	$9.81M	102.75K	0.0%	Held	4
108	HSY The Hershey Company	0.1%	$9.32M	54.50K	+21.1%	▲ Add	4
109	SMG The Scotts Miracle-Gro…	0.1%	$9.22M	168.00K	0.0%	Held	4
110	UBER Uber Technologies, Inc.	0.1%	$8.89M	122.00K	+11.9%	▲ Add	4
111	SONY Sony Group Corporation	0.1%	$8.51M	335.00K	0.0%	Held	4
112	TRU TransUnion	0.1%	$8.39M	101.05K	0.0%	Held	4
113	EMN Eastman Chemical Company	0.1%	$6.60M	74.95K	0.0%	Held	4
114	GHC Graham Holdings Company	0.0%	$5.00M	5.20K	0.0%	Held	4
115	CE Celanese Corporation	0.0%	$4.62M	81.30K	0.0%	Held	4
116	WRB W. R. Berkley Corporation	0.0%	$4.32M	60.75K	0.0%	Held	4
117	FIX Comfort Systems USA, Inc.	0.0%	$4.19M	13.00K	0.0%	Held	4
118	HII Huntington Ingalls…	0.0%	$3.67M	18.00K	+350.0%	▲ Add	2
119	CABO Cable One, Inc.	0.0%	$3.16M	11.90K	-76.6%	▼ Trim	4
120	WTW Willis Towers Watson Public…	0.0%	$2.92M	8.63K	0.0%	Held	4
121	BALL Ball Corporation	0.0%	$2.66M	51.00K	0.0%	Held	4
122	AYI Acuity Brands, Inc.	0.0%	$2.57M	9.75K	+225.0%	▲ Add	2
123	MGM MGM Resorts International	0.0%	$2.53M	85.50K	+113.8%	▲ Add	2
124	DPZ Domino's Pizza, Inc.	0.0%	$2.53M	5.50K	0.0%	Held	3
125	CME CME Group Inc.	0.0%	$2.52M	9.50K	+216.7%	▲ Add	2
126	IT Gartner, Inc.	0.0%	$2.39M	5.70K	0.0%	Held	4
127	INTU Intuit Inc.	0.0%	$1.67M	2.72K	0.0%	Held	4
128	BC Brunswick Corporation	0.0%	$1.59M	29.50K	+96.7%	▲ Add	3
129	CSGP CoStar Group, Inc.	0.0%	$1.47M	18.60K	0.0%	Held	4
130	CBOE Cboe Global Markets, Inc.	0.0%	$1.36M	6.00K	신규	New	1
131	EL The Estée Lauder Companies…	0.0%	$990,000	15.00K	0.0%	Held	3
132	ICE Intercontinental Exchange…	0.0%	$883,200	5.12K	0.0%	Held	4
133	EXP Eagle Materials Inc.	0.0%	$776,755	3.50K	신규	New	1
134	BUD Anheuser-Busch InBev SA/NV	0.0%	$677,160	11.00K	0.0%	Held	4
135	SYY Sysco Corporation	0.0%	$675,360	9.00K	신규	New	1

보통주(SH) 포지션만 해당; 옵션 라인은 옵션 탭에 표시되며 순액 처리되지 않습니다. ✂ = 분할 조정 이전 주식 수 대비 산출된 변동. "Held N+" = 조회 기간 내 매 분기 보유, 실제 보유 기간은 더 길 수 있음.

증권	주식 수	이전	변동	가치	비중
CBOE Cboe Global Markets…	6.00K	n/a	신규	$1.36M	0.0%
EXP Eagle Materials Inc.	3.50K	n/a	신규	$776,755	0.0%
SYY Sysco Corporation	9.00K	n/a	신규	$675,360	0.0%

증권	주식 수	이전	변동	가치	비중	연속 기록
DE Deere & Company	877.70K	874.95K	+0.3%	$411.95M	3.7%	●●●○○○
MSFT Microsoft Corporation	522.73K	519.48K	+0.6%	$196.23M	1.7%	●●●○○○
RLI RLI Corp.	2.39M	1.20M	+100.0%	$192.35M	1.7%
MRSH Marsh & McLennan…	743.50K	735.50K	+1.1%	$181.44M	1.6%	●●●○○○
LPLA LPL Financial Holdings…	539.10K	532.40K	+1.3%	$176.36M	1.6%	●●●○○○
LOW Lowe's Companies, Inc.	708.23K	701.48K	+1.0%	$165.18M	1.5%	●●●○○○
META Meta Platforms, Inc.	280.08K	278.38K	+0.6%	$161.43M	1.4%	●●●○○○
CAT Caterpillar Inc.	328.05K	324.80K	+1.0%	$108.19M	1.0%	●●●○○○
SCHW The Charles Schwab…	1.36M	1.36M	+0.1%	$106.84M	0.9%	●●○○○○
GOOGL Alphabet Inc.	557.00K	555.00K	+0.4%	$86.13M	0.8%
NVR NVR, Inc.	11.88K	11.81K	+0.6%	$86.09M	0.8%	●●●○○○
LIN Linde plc	181.00K	168.00K	+7.7%	$84.28M	0.7%	●●●○○○
FNV Franco-Nevada…	525.25K	483.25K	+8.7%	$82.76M	0.7%	●●●○○○
DG Dollar General…	869.25K	835.75K	+4.0%	$76.43M	0.7%	●●●○○○
ADM Archer-Daniels-Midland…	1.55M	1.47M	+5.2%	$74.48M	0.7%	●●○○○○
SBUX Starbucks Corporation	623.82K	617.32K	+1.1%	$61.19M	0.5%	●●●○○○
FDX FedEx Corporation	213.00K	206.50K	+3.1%	$51.93M	0.5%	●●●○○○
ODFL Old Dominion Freight…	313.20K	300.70K	+4.2%	$51.82M	0.5%	●●●○○○
AON Aon plc	129.45K	126.20K	+2.6%	$51.66M	0.5%	●●●○○○
THG The Hanover Insurance…	280.00K	267.00K	+4.9%	$48.71M	0.4%	●●●○○○
YUM Yum! Brands, Inc.	225.45K	205.50K	+9.7%	$35.48M	0.3%	●●●○○○
NKE NIKE, Inc.	445.40K	432.40K	+3.0%	$28.27M	0.3%	●●●○○○
LMT Lockheed Martin…	61.46K	56.36K	+9.1%	$27.46M	0.2%
TMO Thermo Fisher…	45.00K	41.10K	+9.5%	$22.39M	0.2%	●●●○○○
ABNB Airbnb, Inc.	183.82K	115.31K	+59.4%	$21.96M	0.2%	●●●○○○
HCA HCA Healthcare, Inc.	62.00K	56.58K	+9.6%	$21.42M	0.2%	●●●○○○
URI United Rentals, Inc.	31.15K	29.65K	+5.1%	$19.52M	0.2%	●●●○○○
FERG Ferguson plc	123.00K	106.00K	+16.0%	$19.71M	0.2%	●●●○○○
APD Air Products and…	65.00K	64.50K	+0.8%	$19.17M	0.2%	●●●○○○
LAMR Lamar Advertising…	137.00K	124.00K	+10.5%	$15.59M	0.1%	●●●○○○
UNH UnitedHealth Group…	28.01K	26.71K	+4.9%	$14.67M	0.1%	●●●○○○
MAR Marriott International…	52.00K	47.00K	+10.6%	$12.39M	0.1%	●●●○○○
GPK Graphic Packaging…	461.23K	427.23K	+8.0%	$11.97M	0.1%	●●●○○○
OI O-I Glass, Inc.	874.10K	824.10K	+6.1%	$10.03M	0.1%	●●●○○○
HSY The Hershey Company	54.50K	45.00K	+21.1%	$9.32M	0.1%	●●●○○○
UBER Uber Technologies, Inc.	122.00K	109.00K	+11.9%	$8.89M	0.1%	●●●○○○
HII Huntington Ingalls…	18.00K	4.00K	+350.0%	$3.67M	0.0%	●●○○○○
AYI Acuity Brands, Inc.	9.75K	3.00K	+225.0%	$2.57M	0.0%	●●○○○○
MGM MGM Resorts…	85.50K	40.00K	+113.8%	$2.53M	0.0%	●●○○○○
CME CME Group Inc.	9.50K	3.00K	+216.7%	$2.52M	0.0%	●●○○○○
BC Brunswick Corporation	29.50K	15.00K	+96.7%	$1.59M	0.0%	●●●○○○

증권	주식 수	이전	변동	가치	비중	연속 기록
CABO Cable One, Inc.	11.90K	50.90K	-76.6%	$3.16M	0.0%	●●○○○○

포지션 보유 기간

30–1 분기

1322–4 분기

현재 각 포지션이 데이터 조회 기간 내에서 보고된 연속 분기 수.

유사 운용사

운용사	공통 보유 종목	종목 중복	가중 유사도
First Manhattan Co. Llc.	88	11.3%	0.5431	비교 ⇄
Fayez Sarofim & Co	77	21.9%	0.4651	비교 ⇄
Blair William & Co/Il	121	6.2%	0.4471	비교 ⇄
Baird Financial Group, Inc.	115	6.0%	0.443	비교 ⇄
Neuberger Berman Group LLC	129	5.7%	0.4397	비교 ⇄
Chevy Chase Trust Holdings, LLC	102	15.1%	0.4098	비교 ⇄
Brown Advisory Inc	118	8.2%	0.4098	비교 ⇄
Aberdeen Group plc	102	10.7%	0.4012	비교 ⇄

보고된 롱 포지션의 유사성만 반영되며, 헤지 포지션과 비13F 자산은 표시되지 않습니다. 방법론

공시 기록

Jul 31 2026 13F-HR · 기간 Q2 2026

$13.13B · 205 등록된 보유 종목 · 원본 SEC 제출 서류 보기 ↗

May 01 2026 13F-HR · 기간 Q1 2026

$11.94B · 205 등록된 보유 종목 · 원본 SEC 제출 서류 보기 ↗

Feb 06 2026 13F-HR · 기간 Q4 2025

$12.54B · 205 등록된 보유 종목 · 원본 SEC 제출 서류 보기 ↗

Oct 31 2025 13F-HR · 기간 Q3 2025

$12.32B · 208 등록된 보유 종목 · 원본 SEC 제출 서류 보기 ↗

Aug 01 2025 13F-HR · 기간 Q2 2025

$11.83B · 218 등록된 보유 종목 · 원본 SEC 제출 서류 보기 ↗

May 02 2025 13F-HR · 기간 Q1 2025

$11.26B · 217 등록된 보유 종목 · 원본 SEC 제출 서류 보기 ↗

Feb 07 2025 13F-HR · 기간 Q4 2024

$11.34B · 214 등록된 보유 종목 · 원본 SEC 제출 서류 보기 ↗

Nov 01 2024 13F-HR · 기간 Q3 2024

$11.11B · 216 등록된 보유 종목 · 원본 SEC 제출 서류 보기 ↗

Aug 02 2024 13F-HR · 기간 Q2 2024

$10.17B · 222 등록된 보유 종목 · 원본 SEC 제출 서류 보기 ↗

출처: SEC EDGAR의 해당 운용사 13F 정보 테이블에서 파싱된 모든 보유 종목; 보고된 값 기준, 미국 달러 전액. 변동은 분할 조정 주식 수 기준으로 각 분기의 최종 접수 버전(수정본 반영)을 비교합니다. 보고 기간: Q1 2025 · 최근 공시 Jul 31, 2026 · 변동 산출 방법론

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Markel Group