Markel Group Inc.

Glen Allen, VA · CIK 1096343 · 13F filing filed 2026-07-31

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityMarkel Group Inc. (US)

$13.1bn reported value +10.0% vs Q1 2026

130positions

42.9%in top 10

3 new 24 added 3 reduced 2 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

Markel-Gayner Asset Management LLC – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ALPHABET INC CAP STK CL C GOOG	GOOG	2,749,860	$971.6m7.40%	7.40%	Unchanged
2	BERKSHIRE HATHAWAY INC DEL CL A BRK.A	BRK.A	1,114	$834.2m6.35%	6.35%	Unchanged
3	BERKSHIRE HATHAWAY INC DEL CL B NEW BRK.B	BRK.B	1,531,971	$766.6m5.84%	5.84%	Unchanged
4	DEERE & CO COM DE	DE	877,900	$556.9m4.24%	4.24%	Unchanged
5	BROOKFIELD CORP CL A LTD VT SH BN	BN	13,073,609	$556.8m4.24%	4.24%	Unchanged
6	AMAZON COM INC COM AMZN	AMZN	2,030,760	$484.0m3.69%	3.69%	Unchanged
7	ANALOG DEVICES INC COM ADI	ADI	999,671	$397.0m3.02%	3.02%	Reduced -23.6k	-23,574 -2.3%
8	GOLDMAN SACHS GROUP INC COM GS	GS	359,360	$363.4m2.77%	2.77%	Unchanged
9	APPLE INC COM AAPL	AAPL	1,227,290	$355.1m2.70%	2.70%	Unchanged
10	CATERPILLAR INC COM CAT	CAT	328,650	$350.0m2.67%	2.67%	Unchanged
11	VISA INC COM CL A V	V	1,013,912	$347.9m2.65%	2.65%	Added +9.6k	+9,581 0.9%
12	HOME DEPOT INC COM HD	HD	922,500	$325.3m2.48%	2.48%	Added +2.5k	+2,500 0.3%
13	WATSCO INC COM WSO	WSO	597,750	$249.1m1.90%	1.90%	Added +15.6k	+15,581 2.7%
14	TEXAS INSTRS INC COM TXN	TXN	724,000	$215.8m1.64%	1.64%	Unchanged
15	BLACKROCK INC COM BLK	BLK	220,200	$211.7m1.61%	1.61%	Unchanged
16	ALPHABET INC CAP STK CL A GOOGL	GOOGL	572,000	$204.4m1.56%	1.56%	Unchanged
17	MICROSOFT CORP COM MSFT	MSFT	537,630	$200.5m1.53%	1.53%	Unchanged
18	DISNEY WALT CO COM DIS	DIS	2,031,665	$195.5m1.49%	1.49%	Unchanged
19	AMERICAN EXPRESS CO COM AXP	AXP	490,450	$165.9m1.26%	1.26%	Unchanged
20	LOWES COS INC COM LOW	LOW	751,980	$165.8m1.26%	1.26%	Added +13.5k	+13,500 1.8%
21	PROGRESSIVE CORP COM PGR	PGR	753,750	$164.7m1.25%	1.25%	Unchanged
22	FRANCO NEV CORP COM FNV	FNV	773,500	$161.2m1.23%	1.23%	Added +65.0k	+65,000 9.2%
23	LPL FINL HLDGS INC COM LPLA	LPLA	559,951	$157.7m1.20%	1.20%	Unchanged
24	JOHNSON & JOHNSON COM JNJ	JNJ	610,800	$155.1m1.18%	1.18%	Unchanged
25	BLACKSTONE INC COM BX	BX	1,229,000	$144.6m1.10%	1.10%	Unchanged
26	RLI CORP COM RLI	RLI	2,394,544	$141.4m1.08%	1.08%	Unchanged
27	GENERAL DYNAMICS CORP COM GD	GD	391,000	$138.5m1.05%	1.05%	Unchanged
28	NOVO-NORDISK A S ADR NVO	NVO	2,869,774	$137.6m1.05%	1.05%	Unchanged
29	KKR & CO INC COM KKR	KKR	1,451,800	$133.2m1.01%	1.01%	Unchanged
30	META PLATFORMS INC CL A META	META	234,163	$131.9m1.00%	1.00%	Reduced -14.1k	-14,140 -5.7%
31	SCHWAB CHARLES CORP COM SCHW	SCHW	1,394,800	$128.7m0.98%	0.98%	Added +11.0k	+11,000 0.8%
32	MARSH & MCLENNAN COS INC COM MRSH	MRSH	763,500	$127.3m0.97%	0.97%	Unchanged
33	APOLLO GLOBAL MGMT INC COM APO	APO	1,012,500	$119.8m0.91%	0.91%	Unchanged
34	ARCHER DANIELS MIDLAND CO COM ADM	ADM	1,505,800	$115.0m0.88%	0.88%	Unchanged
35	LINDE PLC SHS LIN	LIN	215,600	$111.9m0.85%	0.85%	Added +11.0k	+11,000 5.4%
36	DIAGEO PLC SPON ADR NEW DEO	DEO	1,372,208	$110.3m0.84%	0.84%	Unchanged
37	MASTERCARD INCORPORATED CL A MA	MA	207,540	$106.6m0.81%	0.81%	Unchanged
38	DOLLAR GEN CORP NEW COM DG	DG	869,250	$100.1m0.76%	0.76%	Unchanged
39	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	2,193,953	$98.4m0.75%	0.75%	Unchanged
40	HEICO CORP NEW CL A HEI.A	HEI.A	379,644	$97.9m0.75%	0.75%	Unchanged
41	MOODYS CORP COM MCO	MCO	213,890	$96.9m0.74%	0.74%	Unchanged
42	OLD DOMINION FREIGHT LINE IN COM ODFL	ODFL	429,150	$93.0m0.71%	0.71%	Unchanged
43	NORFOLK SOUTHN CORP COM NSC	NSC	282,500	$88.9m0.68%	0.68%	Unchanged
44	ILLINOIS TOOL WKS INC COM ITW	ITW	327,500	$88.6m0.67%	0.67%	Unchanged
45	JPMORGAN CHASE & CO COM JPM	JPM	252,550	$82.7m0.63%	0.63%	Unchanged
46	NVR INC COM NVR	NVR	12,097	$82.4m0.63%	0.63%	Added +10	+10 0.1%
47	MSCI INC COM MSCI	MSCI	142,850	$80.0m0.61%	0.61%	Unchanged
48	ROCKWELL AUTOMATION INC COM ROK	ROK	154,900	$76.7m0.58%	0.58%	Unchanged
49	ECOLAB INC COM ECL	ECL	274,300	$76.4m0.58%	0.58%	Unchanged
50	SUNBELT RENTALS HOLDINGS INC SHS SUNB	SUNB	974,361	$72.9m0.56%	0.56%	Added +11.0k	+11,000 1.1%
51	STARBUCKS CORP COM SBUX	SBUX	623,818	$63.7m0.49%	0.49%	Unchanged
52	ROLLINS INC COM ROL	ROL	1,516,525	$63.3m0.48%	0.48%	Added +18.5k	+18,500 1.2%
53	HANOVER INS GROUP INC COM THG	THG	281,000	$60.2m0.46%	0.46%	Unchanged
54	INVESTORS TITLE CO NC COM ITIC	ITIC	213,300	$58.4m0.44%	0.44%	Unchanged
55	CARLYLE GROUP INC COM CG	CG	1,327,000	$55.9m0.43%	0.43%	Unchanged
56	TYSON FOODS INC CL A TSN	TSN	913,500	$52.3m0.40%	0.40%	Added +24.0k	+24,000 2.7%
57	S&P GLOBAL INC COM SPGI	SPGI	117,690	$47.9m0.37%	0.37%	Unchanged
58	AON PLC SHS CL A AON	AON	135,800	$45.0m0.34%	0.34%	Unchanged
59	UNION PAC CORP COM UNP	UNP	161,028	$43.8m0.33%	0.33%	Added +10.8k	+10,750 7.2%
60	FERGUSON ENTERPRISES INC COMMON STOCK NEW FERG	FERG	180,200	$42.8m0.33%	0.33%	Added +9.5k	+9,500 5.6%
61	RTX CORPORATION COM RTX	RTX	224,000	$42.5m0.32%	0.32%	Unchanged
62	CISCO SYS INC COM CSCO	CSCO	355,500	$41.8m0.32%	0.32%	Unchanged
63	MERCADOLIBRE INC COM MELI	MELI	24,000	$40.7m0.31%	0.31%	Added +18.6k	+18,550 340.4%
64	YUM BRANDS INC COM YUM	YUM	245,213	$39.2m0.30%	0.30%	Unchanged
65	MARRIOTT INTL INC NEW CL A MAR	MAR	99,500	$36.9m0.28%	0.28%	Added +5.8k	+5,750 6.1%
66	ALLSTATE CORP COM ALL	ALL	154,550	$36.8m0.28%	0.28%	Unchanged
67	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	73,100	$36.6m0.28%	0.28%	Added +6.0k	+6,000 8.9%
68	COSTCO WHSL CORP NEW COM COST	COST	39,150	$36.6m0.28%	0.28%	Unchanged
69	HAGERTY INC CL A COM HGTY	HGTY	3,108,000	$35.9m0.27%	0.27%	Unchanged
70	PRICE T ROWE GROUP INC COM TROW	TROW	314,000	$35.7m0.27%	0.27%	Unchanged
71	UNITED RENTALS INC COM URI	URI	31,150	$35.3m0.27%	0.27%	Unchanged
72	AIRBNB INC COM CL A ABNB	ABNB	242,389	$34.7m0.26%	0.26%	Unchanged
73	LOCKHEED MARTIN CORP COM LMT	LMT	65,213	$33.2m0.25%	0.25%	Unchanged
74	HCA HEALTHCARE INC COM HCA	HCA	84,366	$32.9m0.25%	0.25%	Added +1.9k	+1,936 2.4%
75	SHERWIN WILLIAMS CO COM SHW	SHW	94,172	$32.4m0.25%	0.25%	Unchanged
76	FACTSET RESH SYS INC COM FDS	FDS	135,376	$31.1m0.24%	0.24%	Unchanged
77	LAMAR ADVERTISING CO NEW CL A LAMR	LAMR	193,000	$30.1m0.23%	0.23%	Unchanged
78	VERISK ANALYTICS INC COM VRSK	VRSK	155,950	$28.0m0.21%	0.21%	Unchanged
79	CSX CORP COM CSX	CSX	584,500	$27.8m0.21%	0.21%	Added +54.5k	+54,500 10.3%
80	APPLIED MATLS INC COM AMAT	AMAT	36,350	$26.3m0.20%	0.20%	Unchanged
81	AIR PRODS & CHEMS INC COM APD	APD	88,500	$25.9m0.20%	0.20%	Added +13.0k	+13,000 17.2%
82	COMFORT SYS USA INC COM FIX	FIX	13,000	$25.8m0.20%	0.20%	Unchanged
83	CROWN HLDGS INC COM CCK	CCK	220,000	$24.6m0.19%	0.19%	Unchanged
84	BROWN FORMAN CORP CL A BF.A	BF.A	843,000	$23.1m0.18%	0.18%	Unchanged
85	RENAISSANCERE HLDGS LTD COM RNR	RNR	70,000	$22.2m0.17%	0.17%	Unchanged
86	ENTERPRISE PRODS PARTNERS L COM EPD	EPD	569,000	$20.9m0.16%	0.16%	Added +367.0k	+367,000 181.7%
87	PHILIP MORRIS INTL INC COM PM	PM	114,500	$20.7m0.16%	0.16%	Unchanged
88	ACCENTURE PLC IRELAND SHS CLASS A ACN	ACN	159,400	$19.8m0.15%	0.15%	Unchanged
89	COMCAST CORP NEW CL A CMCSA	CMCSA	802,074	$19.7m0.15%	0.15%	Reduced -159.8k	-159,806 -16.6%
90	HEXCEL CORP NEW COM HXL	HXL	189,000	$18.9m0.14%	0.14%	Unchanged
91	NIKE INC CL B NKE	NKE	447,400	$18.4m0.14%	0.14%	Unchanged
92	CAPITAL ONE FINL CORP COM COF	COF	91,000	$18.3m0.14%	0.14%	Unchanged
93	BANK NEW YORK MELLON CORP COM BNY	BNY	124,500	$18.0m0.14%	0.14%	Unchanged
94	CARRIER GLOBAL CORPORATION COM CARR	CARR	235,000	$17.2m0.13%	0.13%	Unchanged
95	WELLS FARGO CO NEW COM WFC	WFC	204,450	$16.9m0.13%	0.13%	Unchanged
96	SEI INVTS CO COM SEIC	SEIC	173,200	$15.2m0.12%	0.12%	Unchanged
97	PAYCHEX INC COM PAYX	PAYX	150,000	$14.7m0.11%	0.11%	Unchanged
98	HERSHEY CO COM HSY	HSY	75,000	$13.2m0.10%	0.10%	Unchanged
99	PEPSICO INC COM PEP	PEP	96,210	$13.0m0.10%	0.10%	Unchanged
100	BROWN FORMAN CORP CL B BF.B	BF.B	474,187	$12.6m0.10%	0.10%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
SCOTTS MIRACLE-GRO CO SMG	SMG	168,000	$10.2m168.0k shares
UNITEDHEALTH GROUP INC UNH	UNH	18,700	$5.1m18.7k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
HAGERTY INC HGTY · 13D · filed 2026-09-14	HGTY	42.0%≈ $946.2m	-2.8 pts	13D	2026-09-14