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Manager record · ✦ curated

Markel Group

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

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 Diff ⇄
$13.13BReported 13F value
205Positions
42.9%Top-10 weight
37.10Effective holdings
1.3%Est. turnover
+3New
−2Exits

Reported 13F portfolio value covers U.S. reportable long positions only — not cash, bonds, shorts or non-U.S. holdings. It is not assets under management.

Reported value by quarter Q2 2024 → Q2 2026
Sector exposure
Financial Services 40.6% (-1.8pp)
Industrials 17.1% (+0.9pp)
Communication Services 11.8% (+0.6pp)
Consumer Cyclical 10.2% (+0.1pp)
Technology 10.1% (+0.8pp)
Consumer Defensive 3.7% (-0.3pp)
Basic Materials 3.2% (-0.3pp)
Healthcare 2.9% (+0.0pp)
Real Estate 0.3% (+0.1pp)
Energy 0.2% (+0.1pp)

Share of reported common-equity value; (±pp) vs prior quarter.

The portfolio · Q2 2026
#SecurityWeightValueSharesΔ sharesHeld
1 GOOG Alphabet Inc. 7.4% $971.61M 2.75M 0.0% Held 9+
2 BRK-A Berkshire Hathaway Inc. 6.4% $834.22M 1.11K 0.0% Held 9+
3 BRK-B Berkshire Hathaway Inc. 5.8% $766.58M 1.53M 0.0% Held 9+
4 DE Deere & Company 4.2% $556.88M 877.90K 0.0% Held 9+
5 BN Brookfield Corporation 4.2% $556.81M 13.07M 0.0% Held 9+
6 AMZN Amazon.com, Inc. 3.7% $484.01M 2.03M 0.0% Held 9+
7 ADI Analog Devices, Inc. 3.0% $397.04M 999.67K -2.3% ▼ Trim 9+
8 GS The Goldman Sachs Group… 2.8% $363.45M 359.36K 0.0% Held 9+
9 AAPL Apple Inc. 2.7% $355.13M 1.23M 0.0% Held 9+
10 CAT Caterpillar Inc. 2.7% $349.98M 328.65K 0.0% Held 9+
11 V Visa Inc. 2.6% $347.86M 1.01M +0.9% ▲ Add 9+
12 HD The Home Depot, Inc. 2.5% $325.35M 922.50K +0.3% ▲ Add 9+
13 WSO Watsco, Inc. 1.9% $249.10M 597.75K +2.7% ▲ Add 9+
14 TXN Texas Instruments… 1.6% $215.80M 724.00K 0.0% Held 9+
15 BLK BlackRock, Inc. 1.6% $211.74M 220.20K 0.0% Held 9+
16 GOOGL Alphabet Inc. 1.6% $204.42M 572.00K 0.0% Held 9+
17 MSFT Microsoft Corporation 1.5% $200.55M 537.63K 0.0% Held 9+
18 DIS The Walt Disney Company 1.5% $195.55M 2.03M 0.0% Held 9+
19 AXP American Express Company 1.3% $165.89M 490.45K 0.0% Held 9+
20 LOW Lowe's Companies, Inc. 1.3% $165.80M 751.98K +1.8% ▲ Add 9+
21 PGR The Progressive Corporation 1.3% $164.66M 753.75K 0.0% Held 9+
22 FNV Franco-Nevada Corporation 1.2% $161.23M 773.50K +9.2% ▲ Add 9+
23 LPLA LPL Financial Holdings Inc. 1.2% $157.73M 559.95K 0.0% Held 9+
24 JNJ Johnson & Johnson 1.2% $155.12M 610.80K 0.0% Held 9+
25 BX Blackstone Inc. 1.1% $144.62M 1.23M 0.0% Held 9+
26 RLI RLI Corp. 1.1% $141.45M 2.39M 0.0% Held 9+
27 GD General Dynamics Corporation 1.1% $138.51M 391.00K 0.0% Held 9+
28 NVO Novo Nordisk A/S 1.0% $137.58M 2.87M 0.0% Held 9+
29 KKR KKR & Co. Inc. 1.0% $133.25M 1.45M 0.0% Held 9+
30 META Meta Platforms, Inc. 1.0% $131.90M 234.16K -5.7% ▼ Trim 9+
31 SCHW The Charles Schwab… 1.0% $128.70M 1.39M +0.8% ▲ Add 9+
32 MRSH Marsh & McLennan Companies… 1.0% $127.25M 763.50K 0.0% Held 9+
33 APO Apollo Global Management… 0.9% $119.79M 1.01M 0.0% Held 9+
34 ADM Archer-Daniels-Midland… 0.9% $115.04M 1.51M 0.0% Held 9+
35 LIN Linde plc 0.9% $111.88M 215.60K +5.4% ▲ Add 9+
36 DEO Diageo plc 0.8% $110.30M 1.37M 0.0% Held 9+
37 MA Mastercard Incorporated 0.8% $106.59M 207.54K 0.0% Held 9+
38 DG Dollar General Corporation 0.8% $100.06M 869.25K 0.0% Held 9+
39 BAM Brookfield Asset Management… 0.7% $98.40M 2.19M 0.0% Held 9+
40 HEI-A HEICO Corporation 0.7% $97.91M 379.64K 0.0% Held 9+
41 MCO Moody's Corporation 0.7% $96.88M 213.89K 0.0% Held 9+
42 ODFL Old Dominion Freight Line… 0.7% $92.95M 429.15K 0.0% Held 9+
43 NSC Norfolk Southern Corporation 0.7% $88.87M 282.50K 0.0% Held 9+
44 ITW Illinois Tool Works Inc. 0.7% $88.58M 327.50K 0.0% Held 9+
45 JPM JPMorgan Chase & Co. 0.6% $82.67M 252.55K 0.0% Held 9+
46 NVR NVR, Inc. 0.6% $82.42M 12.10K +0.1% ▲ Add 9+
47 MSCI MSCI Inc. 0.6% $80.00M 142.85K 0.0% Held 9+
48 ROK Rockwell Automation, Inc. 0.6% $76.69M 154.90K 0.0% Held 9+
49 ECL Ecolab Inc. 0.6% $76.42M 274.30K 0.0% Held 9+
50 SUNB Sunbelt Rentals Holdings Inc 0.6% $72.89M 974.36K +1.1% ▲ Add 2
51 SBUX Starbucks Corporation 0.5% $63.75M 623.82K 0.0% Held 9+
52 ROL Rollins, Inc. 0.5% $63.30M 1.52M +1.2% ▲ Add 9+
53 THG The Hanover Insurance… 0.5% $60.17M 281.00K 0.0% Held 9+
54 ITIC INVESTORS TITLE CO NC 0.4% $58.38M 213.30K 0.0% Held 9+
55 CG The Carlyle Group Inc. 0.4% $55.88M 1.33M 0.0% Held 9+
56 TSN Tyson Foods, Inc. 0.4% $52.30M 913.50K +2.7% ▲ Add 9+
57 SPGI S&P Global Inc. 0.4% $47.93M 117.69K 0.0% Held 9+
58 AON Aon plc 0.3% $45.04M 135.80K 0.0% Held 9+
59 UNP Union Pacific Corporation 0.3% $43.80M 161.03K +7.2% ▲ Add 9+
60 FERG Ferguson plc 0.3% $42.77M 180.20K +5.6% ▲ Add 8
61 RTX RTX Corporation 0.3% $42.50M 224.00K 0.0% Held 9+
62 CSCO Cisco Systems, Inc. 0.3% $41.76M 355.50K 0.0% Held 9+
63 MELI MercadoLibre, Inc. 0.3% $40.74M 24.00K +340.4% ▲ Add 2
64 YUM Yum! Brands, Inc. 0.3% $39.20M 245.21K 0.0% Held 9+
65 MAR Marriott International, Inc. 0.3% $36.87M 99.50K +6.1% ▲ Add 9+
66 ALL The Allstate Corporation 0.3% $36.77M 154.55K 0.0% Held 9+
67 TMO Thermo Fisher Scientific… 0.3% $36.65M 73.10K +8.9% ▲ Add 9+
68 COST Costco Wholesale Corporation 0.3% $36.62M 39.15K 0.0% Held 9+
69 HGTY Hagerty, Inc. 0.3% $35.90M 3.11M 0.0% Held 9+
70 TROW T. Rowe Price Group, Inc. 0.3% $35.70M 314.00K 0.0% Held 9+
71 URI United Rentals, Inc. 0.3% $35.29M 31.15K 0.0% Held 9+
72 ABNB Airbnb, Inc. 0.3% $34.69M 242.39K 0.0% Held 8
73 LMT Lockheed Martin Corporation 0.3% $33.22M 65.21K 0.0% Held 9+
74 HCA HCA Healthcare, Inc. 0.3% $32.89M 84.37K +2.4% ▲ Add 9+
75 SHW The Sherwin-Williams Company 0.2% $32.43M 94.17K 0.0% Held 9+
76 FDS FactSet Research Systems… 0.2% $31.15M 135.38K 0.0% Held 9+
77 LAMR Lamar Advertising Company 0.2% $30.10M 193.00K 0.0% Held 9+
78 VRSK Verisk Analytics, Inc. 0.2% $28.00M 155.95K 0.0% Held 9+
79 CSX CSX Corporation 0.2% $27.78M 584.50K +10.3% ▲ Add 5
80 AMAT Applied Materials, Inc. 0.2% $26.28M 36.35K 0.0% Held 5
81 APD Air Products and Chemicals… 0.2% $25.95M 88.50K +17.2% ▲ Add 9+
82 FIX Comfort Systems USA, Inc. 0.2% $25.77M 13.00K 0.0% Held 9+
83 CCK Crown Holdings, Inc. 0.2% $24.60M 220.00K 0.0% Held 9+
84 BF-A BROWN FORMAN CORP 0.2% $23.06M 843.00K 0.0% Held 9+
85 RNR RenaissanceRe Holdings Ltd. 0.2% $22.18M 70.00K 0.0% Held 9+
86 EPD Enterprise Products… 0.2% $20.92M 569.00K +181.7% ▲ Add 2
87 PM Philip Morris International… 0.2% $20.71M 114.50K 0.0% Held 9+
88 ACN Accenture plc 0.2% $19.84M 159.40K 0.0% Held 9+
89 CMCSA Comcast Corporation 0.1% $19.69M 802.07K -16.6% ▼ Trim 9+
90 HXL Hexcel Corporation 0.1% $18.91M 189.00K 0.0% Held 9+
91 NKE NIKE, Inc. 0.1% $18.37M 447.40K 0.0% Held 9+
92 COF Capital One Financial… 0.1% $18.26M 91.00K 0.0% Held 9+
93 BNY Bank of New York Mellon Corp 0.1% $18.00M 124.50K 0.0% Held 9+
94 CARR Carrier Global Corporation 0.1% $17.24M 235.00K 0.0% Held 9+
95 WFC Wells Fargo & Company 0.1% $16.90M 204.45K 0.0% Held 9+
96 SEIC SEI Investments Company 0.1% $15.19M 173.20K 0.0% Held 9+
97 PAYX Paychex, Inc. 0.1% $14.75M 150.00K 0.0% Held 9+
98 HSY The Hershey Company 0.1% $13.16M 75.00K 0.0% Held 9+
99 PEP PepsiCo, Inc. 0.1% $13.03M 96.21K 0.0% Held 9+
100 BF-B Brown-Forman Corporation 0.1% $12.64M 474.19K 0.0% Held 9+
101 SPOT Spotify Technology S.A. 0.1% $11.89M 25.90K 0.0% Held 9+
102 SHOP Shopify Inc. 0.1% $11.73M 102.75K 0.0% Held 9+
103 EFX Equifax Inc. 0.1% $11.56M 72.85K 0.0% Held 9+
104 CME CME Group Inc. 0.1% $10.99M 49.75K 0.0% Held 7
105 CBOE Cboe Global Markets, Inc. 0.1% $10.60M 43.70K 0.0% Held 6
106 UBER Uber Technologies, Inc. 0.1% $10.28M 142.50K 0.0% Held 9+
107 OTIS Otis Worldwide Corporation 0.1% $9.57M 133.62K +16.6% ▲ Add 9+
108 IQV IQVIA Holdings Inc. 0.1% $9.06M 46.90K 0.0% Held 9+
109 HII Huntington Ingalls… 0.1% $7.70M 27.50K 0.0% Held 7
110 XONA.DE Exxon Mobil Corporation 0.1% $7.67M 56.10K +19.4% ▲ Add 4
111 NSP Insperity, Inc. 0.1% $7.49M 181.34K 0.0% Held 9+
112 KMX CarMax, Inc. 0.1% $7.22M 136.50K 0.0% Held 9+
113 SONY Sony Group Corporation 0.1% $6.72M 335.00K 0.0% Held 9+
114 CNI Canadian National Railway… 0.0% $6.38M 53.50K 0.0% Held 4
115 CP Canadian Pacific Kansas… 0.0% $6.33M 73.00K +22.7% ▲ Add 4
116 GHC Graham Holdings Company 0.0% $5.94M 5.20K 0.0% Held 9+
117 EMN Eastman Chemical Company 0.0% $5.02M 74.95K 0.0% Held 9+
118 ZTS Zoetis Inc. 0.0% $4.76M 66.19K New New 1
119 BC Brunswick Corporation 0.0% $4.32M 51.25K 0.0% Held 8
120 WRB W. R. Berkley Corporation 0.0% $4.28M 60.75K 0.0% Held 9+
121 MGM MGM Resorts International 0.0% $4.18M 87.50K 0.0% Held 7
122 AYI Acuity Brands, Inc. 0.0% $3.67M 9.75K 0.0% Held 7
123 ICE Intercontinental Exchange… 0.0% $3.55M 28.87K 0.0% Held 9+
124 EXP Eagle Materials Inc. 0.0% $3.32M 14.75K 0.0% Held 6
125 WY Weyerhaeuser Company 0.0% $2.87M 120.00K +585.7% ▲ Add 2
126 NFLX Netflix, Inc. 0.0% $2.86M 40.00K New New 1
127 SYY Sysco Corporation 0.0% $2.55M 30.50K 0.0% Held 6
128 DPZ Domino's Pizza, Inc. 0.0% $1.63M 5.50K 0.0% Held 8
129 BRO Brown & Brown, Inc. 0.0% $898,100 14.00K 0.0% Held 3
130 UFPI UFP Industries, Inc. 0.0% $362,960 4.00K New New 1

Common-stock (SH) positions only; option lines are in the Options tab and are never netted. ✂ = change computed against split-adjusted prior shares. “Held N+” = held every quarter in our window, possibly longer.

Position age
30–1 quarters
82–4 quarters
135–8 quarters
1069+ quarters

Consecutive quarters each current position has been reported, within our data window.

Similar managers
ManagerCommon positionsName overlapWeighted similarity
First Manhattan Co. Llc. 88 11.3% 0.5431 Compare ⇄
Fayez Sarofim & Co 77 21.9% 0.4651 Compare ⇄
Blair William & Co/Il 121 6.2% 0.4471 Compare ⇄
Baird Financial Group, Inc. 115 6.0% 0.443 Compare ⇄
Neuberger Berman Group LLC 129 5.7% 0.4397 Compare ⇄
Chevy Chase Trust Holdings, LLC 102 15.1% 0.4098 Compare ⇄
Brown Advisory Inc 118 8.2% 0.4098 Compare ⇄
Aberdeen Group plc 102 10.7% 0.4012 Compare ⇄

Similarity of reported longs only — hedges and non-13F assets are invisible. Methodology

Filing record
Jul 31 2026 13F-HR · period Q2 2026

$13.13B · 205 holdings listed · View original SEC filing ↗

May 01 2026 13F-HR · period Q1 2026

$11.94B · 205 holdings listed · View original SEC filing ↗

Feb 06 2026 13F-HR · period Q4 2025

$12.54B · 205 holdings listed · View original SEC filing ↗

Oct 31 2025 13F-HR · period Q3 2025

$12.32B · 208 holdings listed · View original SEC filing ↗

Aug 01 2025 13F-HR · period Q2 2025

$11.83B · 218 holdings listed · View original SEC filing ↗

May 02 2025 13F-HR · period Q1 2025

$11.26B · 217 holdings listed · View original SEC filing ↗

Feb 07 2025 13F-HR · period Q4 2024

$11.34B · 214 holdings listed · View original SEC filing ↗

Nov 01 2024 13F-HR · period Q3 2024

$11.11B · 216 holdings listed · View original SEC filing ↗

Aug 02 2024 13F-HR · period Q2 2024

$10.17B · 222 holdings listed · View original SEC filing ↗

Provenance: All holdings parsed from this manager's 13F information tables on SEC EDGAR; values as reported, whole USD. Changes compare the latest accepted version of each quarter (amendments incorporated) on split-adjusted share counts. Reporting period: Q2 2026 · latest filing Jul 31, 2026 · Change methodology