MKL
Markel Corporation · Financial Services · Insurance - Property & Casualty
Momentum inputs (comparable managers):
holder breadth -7.1% ·
share flow -9.8% ·
net new positions -7.7%
— formula
Broad distribution — falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2024
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 152 | +1 | 5.43M | $10.61B | +9 | −7 |
| Q1 2026 | 153 | +1 | 5.37M | $10.28B | +4 | −4 |
| Q4 2025 | 151 | +3 | 6.19M | $13.30B | +4 | — |
| Q3 2025 | 18 | -2 | 3.38M | $6.46B | — | −3 |
| Q2 2025 | 18 | +2 | 2.99M | $5.97B | +2 | — |
| Q1 2025 | 13 | 0 | 1.11M | $2.07B | — | — |
| Q4 2024 | 13 | -1 | 1.13M | $1.95B | — | −1 |
| Q3 2024 | 13 | -2 | 942.04K | $1.48B | +1 | −3 |
| Q2 2024 | 15 | — | 968.40K | $1.53B | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | State Street Global Advisors ✦ (passive) | 313.15K | — | $540.57M | 0.0% | n/c | 1 | SEC ↗ |
| 2 | Baillie Gifford ✦ | 227.22K | -12.3% | $392.23M | 0.3% | ▼ Trim | 3 | SEC ↗ ×4 |
| 3 | Geode Capital Management ✦ (passive) | 209.28K | +0.1% | $360.60M | 0.0% | ▲ Add | 3 | SEC ↗ ×2 |
| 4 | Norges Bank ✦ (passive) | 147.60K | -0.3% | $254.79M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 5 | Wellington Management ✦ | 146.90K | -26.4% | $253.59M | 0.0% | ▼ Trim | 3 | SEC ↗ ×4 |
| 6 | AQR Capital Management ✦ | 28.13K | -9.2% | $48.56M | 0.1% | ▼ Trim | 3 | SEC ↗ ×5 |
| 7 | D. E. Shaw & Co. ✦ | 19.59K | -9.2% | $33.82M | 0.0% | ▼ Trim | 3 | SEC ↗ ×2 |
| 8 | Renaissance Technologies ✦ | 14.84K | -2.5% | $25.62M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 9 | Millennium Management ✦ | 12.44K | +1068.3% | $21.48M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 10 | T. Rowe Price ✦ | 8.43K | -1.4% | $14.56M | 0.0% | ▼ Trim | 3 | SEC ↗ ×2 |
| 11 | Marshall Wace ✦ | 2.49K | -86.7% | $4.29M | 0.0% | ▼ Trim | 3 | SEC ↗ ×2 |
| 12 | Gotham Asset Management ✦ | 1.02K | +5.5% | $1.75M | 0.0% | ▲ Add | 3 | SEC ↗ |
| 13 | Citadel Advisors ✦ | 472 | -98.3% | $814,781 | 0.0% | ▼ Trim | 3 | SEC ↗ ×2 |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Two Sigma Investments | $883,111 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 918 holders, 9.63M shares, $17.54B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.