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Markel Group Inc. Thomas Gayner

Glen Allen, VA 23 processed 13Fs on this site, 2021 Q3 to 2026 Q3

  • $12.8B
  • 145 holdings
  • 2026 Q3
  • −2.2% QoQ
  • Top 5 28.1%

Portfolio

2026 Q3, filed 10/30/2026, top 12 of 145 holdings

Top 5 28.1%, top 10 43.4%

AUM over time

2026 Q3 $12.8B −2.2% QoQ
2021 Q3: $7.9B 2021 Q3: $7.9B
Q3 2021
2021 Q4: $8.7B, +9.9% QoQ 2021 Q4: $8.7B, +9.9% QoQ
Q4
2022 Q1: $8.4B, −3.4% QoQ 2022 Q1: $8.4B, −3.4% QoQ
Q1 2022
2022 Q2: $7B, −16.7% QoQ 2022 Q2: $7B, −16.7% QoQ
Q2
2022 Q3: $6.8B, −3.1% QoQ 2022 Q3: $6.8B, −3.1% QoQ
Q3
2022 Q4: $7.5B, +10.1% QoQ 2022 Q4: $7.5B, +10.1% QoQ
Q4
2023 Q1: $7.9B, +5.4% QoQ 2023 Q1: $7.9B, +5.4% QoQ
Q1 2023
2023 Q2: $8.4B, +6.9% QoQ 2023 Q2: $8.4B, +6.9% QoQ
Q2
2023 Q3: $8.3B, −1.4% QoQ 2023 Q3: $8.3B, −1.4% QoQ
Q3
2023 Q4: $9.2B, +11.0% QoQ 2023 Q4: $9.2B, +11.0% QoQ
Q4
2024 Q1: $10.1B, +10.2% QoQ 2024 Q1: $10.1B, +10.2% QoQ
Q1 2024
2024 Q2: $10.2B, +0.3% QoQ 2024 Q2: $10.2B, +0.3% QoQ
Q2
2024 Q3: $11.1B, +9.3% QoQ 2024 Q3: $11.1B, +9.3% QoQ
Q3
2024 Q4: $11.3B, +2.1% QoQ 2024 Q4: $11.3B, +2.1% QoQ
Q4
2025 Q1: $11.3B, −0.7% QoQ 2025 Q1: $11.3B, −0.7% QoQ
Q1 2025
2025 Q2: $11.8B, +5.0% QoQ 2025 Q2: $11.8B, +5.0% QoQ
Q2
2025 Q3: $12.3B, +4.2% QoQ 2025 Q3: $12.3B, +4.2% QoQ
Q3
2025 Q4: $12.5B, +1.8% QoQ 2025 Q4: $12.5B, +1.8% QoQ
Q4
2026 Q1: $11.9B, −4.8% QoQ 2026 Q1: $11.9B, −4.8% QoQ
Q1 2026
2026 Q2: $13.1B, +10.0% QoQ 2026 Q2: $13.1B, +10.0% QoQ
Q2
2026 Q3: $12.8B, −2.2% QoQ 2026 Q3: $12.8B, −2.2% QoQ
Q3

Book

2023 Q1 2022 Q4, filed 28 Apr, long equity only

BRK.A, Berkshire Hathaway Class A 6.60% Hold 1,114 $465,600 $519M — —
BRK.B, Berkshire Hathaway Class B 6.02% Hold 1,531,971 $308.77 $473M — —
DE, Deere 3.97% Hold 755,800 $412.88 $312M — —
GOOG, Alphabet Class C 3.64% Hold 2,749,860 $104.00 $286M — —
BN, Brookfield Corporation 3.61% Hold 8,715,741 $32.59 $284M — —
HD, Home Depot 3.45% Hold 920,000 $295.12 $272M — —
DEO, Diageo 3.11% Hold 1,350,208 $181.18 $245M — —
ADI, Analog Devices 2.80%, was 2.44% Add +0.6% 1,116,071 $197.22 $220M +7,000 +$38M
V, Visa 2.77%, was 2.68% Add +0.1% 964,320 $225.46 $217M +1,059 +$17M
AMZN, Amazon 2.64%, was 2.25% Add +0.6% 2,009,360 $103.29 $208M +11,500 +$40M
DIS, Disney 2.57%, was 2.34% Add +0.6% 2,018,665 $100.13 $202M +13,000 +$28M
AAPL, Apple 2.53% Hold 1,206,990 $164.90 $199M — —
NVO, Novo Nordisk 2.18% Hold 1,075,000 $159.14 $171M — —
WSO, Watsco 2.14%, was 1.67% Add +5.7% 528,750 $318.16 $168M +28,500 +$43M
RLI, RLI Corp 2.02% Hold 1,197,272 $132.91 $159M — —
BLK, BlackRock 1.87% Hold 220,200 $669.12 $147M — —
MSFT, Microsoft 1.76% Hold 479,980 $288.30 $138M — —
TXN, Texas Instruments 1.71% Hold 724,000 $186.01 $135M — —
LOW, Lowe's 1.58% Add +2.1% 619,480 $199.97 $124M +13,000 +$3M
GS, Goldman Sachs 1.50% Hold 359,360 $327.11 $118M — —
ADM, Archer-Daniels-Midland 1.48% Hold 1,463,300 $79.66 $117M — —
MMC, Marsh McLennan 1.38% Add +1.6% 650,500 $166.55 $108M +10,000 +$2.4M
BX, Blackstone 1.37% Hold 1,229,000 $87.84 $108M — —
PGR, Progressive 1.37% Hold 753,750 $143.06 $108M — —
JNJ, Johnson & Johnson 1.20% Hold 610,800 $155.00 $95M — —
GD, General Dynamics 1.14% Hold 391,000 $228.21 $89M — —
MSCI 1.02% Hold 142,850 $559.69 $80M — —
AXP, American Express 1.02% Hold 484,250 $164.95 $80M — —
ITW, Illinois Tool Works 1.01% Hold 327,500 $243.45 $80M — —
MA, Mastercard 0.96% Hold 207,540 $363.41 $75M — —
KKR 0.95% Hold 1,427,023 $52.52 $75M — —
BAM, Brookfield Asset Management 0.91% Hold 2,193,958 $32.72 $72M — —
CAT, Caterpillar 0.84% Hold 287,500 $228.84 $66M — —
MCO, Moody's 0.83% Hold 213,890 $306.02 $65M — —
APO, Apollo Global Management 0.81% Hold 1,012,500 $63.16 $64M — —
SCHW, Charles Schwab 0.78% Add +2.8% 1,166,672 $52.38 $61M +31,372 −$33M
DG, Dollar General 0.75%, was 0.61% Add +50.7% 279,250 $210.46 $59M +94,000 +$13M
NVR 0.73%, was 0.62% Add +2.3% 10,264 $5,572 $57M +235 +$11M
Activision Blizzard 0.71%, was 0.64% Add +4.8% 650,600 $85.59 $56M +30,000 +$8.2M
SBUX, Starbucks 0.71% Hold 532,318 $104.13 $55M — —
GOOGL, Alphabet Class A 0.70%, was 0.44% Add +42.9% 533,000 $103.73 $55M +160,000 +$22M
BF.A, Brown-Forman Class A 0.70% Hold 843,000 $65.19 $55M — —
SPGI, S&P Global 0.66% Hold 150,690 $344.77 $52M — —
META, Meta Platforms 0.65%, was 0.37% Add +6.3% 242,281 $211.94 $51M +14,264 +$24M
HEI, Heico 0.64%, was 0.57% Add +4.5% 370,644 $135.90 $50M +16,000 +$7.9M
ROL, Rollins 0.63% Add +1.8% 1,321,275 $37.53 $50M +23,500 +$2.2M
NSC, Norfolk Southern 0.62% Hold 229,500 $212.00 $49M — —
FDS, FactSet 0.62% Hold 116,720 $415.09 $48M — —
ACN, Accenture 0.58% Hold 159,400 $285.81 $46M — —
ROK, Rockwell Automation 0.58% Hold 154,900 $293.45 $45M — —

Showing top 50 of 130 by value

Exits / last held

Gone since 2022 Q4, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
LIN, Linde 0.43% Exit 0 $326.18 $32M −98,400 −$32M
REGN, Regeneron 0.30% Exit 0 $721.48 $22M −30,500 −$22M
NFLX, Netflix 0.17% Exit 0 $294.88 $13M −43,000 −$13M
ENOV, Enovis 0.13% Exit 0 $53.52 $9.5M −178,356 −$9.5M
AXTA, Axalta Coating Systems 0.01% Exit 0 $25.46 $724K −28,442 −$724K
Duck Creek Technologies — Exit 0 $12.04 $304K −25,250 −$304K

Weight bar: held both quarters added sold at this quarter’s reported price

* Reported price is value ÷ shares from the 13F as of period end, not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2022 Q4. Click a column header to sort, or New, Hold, Add or Reduce to bring those moves to the top. Exit opens the last-held block below.

Filings history

21 periods, with AUM normalized

Period Holds AUM QoQ Form Filed Filing ID
2026 Q3 145 $12.8B −2.2% 13F-HR 10/30/2026 000109634326000085
2026 Q2 130 $13.1B +10.0% 13F-HR 7/31/2026 000109634326000065
2026 Q1 129 $11.9B −4.8% 13F-HR 5/1/2026 000109634326000044
2025 Q4 128 $12.5B +1.8% 13F-HR 2/6/2026 000109634326000011
2025 Q3 129 $12.3B +4.2% 13F-HR 10/31/2025 000162828025047842
2025 Q2 137 $11.8B +5.0% 13F-HR 8/1/2025 000109634325000124
2025 Q1 135 $11.3B −0.7% 13F-HR 5/2/2025 000109634325000062
2024 Q4 132 $11.3B +2.1% 13F-HR 2/7/2025 000109634325000011
2024 Q3 132 $11.1B +9.3% 13F-HR 11/1/2024 000109634324000124
2024 Q2 134 $10.2B +0.3% 13F-HR 8/2/2024 000109634324000109
2024 Q1 132 $10.1B +10.2% 13F-HR 5/3/2024 000109634324000058
2023 Q4 128 $9.2B +11.0% 13F-HR 2/2/2024 000095012324000655
2023 Q3 133 $8.3B −1.4% 13F-HR 11/3/2023 000095012323009387
2023 Q2 131 $8.4B +6.9% 13F-HR 8/4/2023 000095012323006704
2023 Q1 131 $7.9B +5.4% 13F-HR 4/28/2023 000095012323003485
2022 Q4 134 $7.5B +10.1% 13F-HR 2/3/2023 000095012323000745
2022 Q3 131 $6.8B −3.1% 13F-HR 11/4/2022 000095012322010875
2022 Q2 131 $7B −16.7% 13F-HR 8/5/2022 000095012322007858
2022 Q1 2 $34M — new holds 6/13/2022 000095012322006857
2022 Q1 124 $8.4B −3.4% 13F-HR 4/29/2022 000095012322004384
2021 Q4 2 $45M — new holds 6/13/2022 000095012322006858
2021 Q4 118 $8.7B +9.9% 13F-HR 2/4/2022 000095012322001021
2021 Q3 125 $7.9B — 13F-HR 11/5/2021 000095012321014078

About

Markel Group Inc.

23 processed 13Fs on this site, 2021 Q3 to 2026 Q3

Entity
Markel Group Inc.
Notable person
Thomas Gayner
Location
Glen Allen, VA
All SEC filings
View on sec.gov