How We Invest

13F FILER • TOM GAYNER

Markel Group

Tom Gayner — MARKEL GROUP INC.

No writing by this manager has been read and indexed yet, so this page carries the filings only. Holdings come straight from the Form 13F-HR on EDGAR.

130

Positions

$13.1B

Reported Value

42.9%

In Top 10

—

Claims Indexed

Largest reported positions

MARKEL GROUP INC. • CIK 0001096343 • 2026-06-30 • FILED 2026-07-31

WHAT CHANGED THIS QUARTER

In its Q2 2026 13F, filed Jul 31, 2026, Markel Group reported 130 positions worth $13.1B in US-listed stock. The largest stock position is Alphabet Inc at 7.4% of the reported book, and the ten largest lines of any type make up 42.9% of it.

It opened 3 new positions, and exited 2, the largest stock exits being Scotts Miracle-Gro Co ($10.2M last quarter) and Unitedhealth Group Inc ($5.1M last quarter).

Among positions it already held, the biggest increases by share count were Franco Nev Corp (+9%), Linde Plc (+5%) and Watsco Inc (+3%), and the biggest cuts were Meta Platforms Inc (−6%) and Analog Devices Inc (−2%).

Largest reported positions, quarter ended 2026-06-30
IssuerValueWeightShares QoQ
ALPHABET INC$971.6M7.4%—
BERKSHIRE HATHAWAY INC DEL$834.2M6.3%—
BERKSHIRE HATHAWAY INC DEL$766.6M5.8%—
DEERE & CO$556.9M4.2%—
BROOKFIELD CORP$556.8M4.2%—
AMAZON COM INC$484.0M3.7%—
ANALOG DEVICES INC$397.0M3.0%-2%
GOLDMAN SACHS GROUP INC$363.4M2.8%—
APPLE INC$355.1M2.7%—
CATERPILLAR INC$350.0M2.7%—
VISA INC$347.9M2.6%+1%
HOME DEPOT INC$325.3M2.5%+0%
WATSCO INC$249.1M1.9%+3%
TEXAS INSTRS INC$215.8M1.6%—
BLACKROCK INC$211.7M1.6%—
ALPHABET INC$204.4M1.6%—
MICROSOFT CORP$200.5M1.5%—
DISNEY WALT CO$195.5M1.5%—
AMERICAN EXPRESS CO$165.9M1.3%—
LOWES COS INC$165.8M1.3%+2%

20 of 130 positions. A 13F covers long US-listed positions at a quarter end only — no shorts, leverage, cash, ordinary bonds or private holdings — and is 45 days old on publication.

EXITS

  • Scotts Miracle-Gro Co$10.2M last quarter
  • Unitedhealth Group Inc$5.1M last quarter

QUESTIONS PEOPLE ASK

What are Markel Group's largest holdings?

OPEN
As of Jun 30, 2026, the three largest stock positions are Alphabet Inc (7.4%), Berkshire Hathaway Inc Del (6.3%) and Berkshire Hathaway Inc Del (5.8%), together 19.6% of the reported book.

How big is Markel Group's 13F portfolio?

OPEN
The Q2 2026 13F, filed Jul 31, 2026, reports 130 positions worth $13.1B. The ten largest make up 42.9% of it.

What did Markel Group buy and sell in Q2 2026?

OPEN
It opened 3 new positions, and exited 2, the largest stock exits being Scotts Miracle-Gro Co ($10.2M last quarter) and Unitedhealth Group Inc ($5.1M last quarter). Among positions it already held, the biggest increases by share count were Franco Nev Corp (+9%), Linde Plc (+5%) and Watsco Inc (+3%), and the biggest cuts were Meta Platforms Inc (−6%) and Analog Devices Inc (−2%).

When is Markel Group's next 13F due?

OPEN
The Q3 2026 13F is due Nov 16, 2026. Forty-five days after the quarter ends is November 14, 2026 (Saturday), so the deadline moves to the next business day.

Filers with overlapping books