Markel Group Inc.
Long book
$11.94B
Q1 2026
Positions
129
Top-10 weight
42%
concentration
Last quarter
+11.7%
SPY +14.8%
Turnover
5%
of book per quarter
Strategy in plain words
auto-generated from filingsMarkel Group Inc. is a high-conviction value investor, running a $11.94B US long book across 129 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: BERKSHIRE HATHAWAY INC-CL A, ALPHABET INC-CL C, BERKSHIRE HATHAWAY INC-CL B, BROOKFIELD CORP, DEERE & CO.
Over the last 9 quarters its long book ran on average 1.5pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-0.7%
Q2 2024
+8.7%
Q3 2024
+1.7%
Q4 2024
-1.0%
Q1 2025
+5.1%
Q2 2025
+4.2%
Q3 2025
+2.1%
Q4 2025
-5.2%
Q1 2026
+11.7%
Sector allocation
Financials 33%
Technology 19%
Industrials 13%
Consumer discretionary 12%
Services media 10%
Real estate 5%
Materials 3%
Consumer staples 2%
Long book by quarter
What does Markel Group own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 1.1K | $800.0M | 6.7% | Held |
| GOOG ALPHABET INC-CL C | Technology | 2.7M | $788.8M | 6.6% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 1.5M | $734.1M | 6.1% | Held |
| BN BROOKFIELD CORP | Real estate | 13.1M | $529.1M | 4.4% | Held |
| DE DEERE & CO | Industrials | 877.9K | $494.5M | 4.1% | Held |
| AMZN AMAZON.COM INC | Consumer discretionary | 2.0M | $422.9M | 3.5% | Held |
| ADI ANALOG DEVICES INC | Technology | 1.0M | $325.5M | 2.7% | Held |
| AAPL APPLE INC | Technology | 1.2M | $311.5M | 2.6% | Held |
| GS GOLDMAN SACHS GROUP INC | Financials | 359.4K | $304.0M | 2.5% | Held |
| V VISA INC-CLASS A SHARES | Services media | 1.0M | $303.5M | 2.5% | +0.5% |
| HD HOME DEPOT INC | Consumer discretionary | 920.0K | $302.6M | 2.5% | Held |
| CAT CATERPILLAR INC | Industrials | 328.6K | $232.8M | 2.0% | Held |
| WSO WATSCO INC | Consumer discretionary | 582.2K | $211.8M | 1.8% | +0.8% |
| BLK BLACKROCK INC | Financials | 220.2K | $211.8M | 1.8% | Held |
| MSFT MICROSOFT CORP | Technology | 537.6K | $199.0M | 1.7% | +0.4% |
| DIS WALT DISNEY CO/THE | Services media | 2.0M | $195.8M | 1.6% | Held |
| FNV FRANCO-NEVADA CORP | Materials | 708.5K | $175.0M | 1.5% | +3.7% |
| LOW LOWE'S COS INC | Consumer discretionary | 738.5K | $174.5M | 1.5% | +0.5% |
| LPLA LPL FINANCIAL HOLDINGS INC | Financials | 560.0K | $168.5M | 1.4% | Held |
| GOOGL ALPHABET INC-CL A | Technology | 572.0K | $164.5M | 1.4% | Held |
| PGR PROGRESSIVE CORP | Financials | 753.8K | $149.4M | 1.3% | Held |
| JNJ JOHNSON & JOHNSON | Healthcare | 610.8K | $149.3M | 1.3% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 490.4K | $148.4M | 1.2% | +0.4% |
| META META PLATFORMS INC-CLASS A | Technology | 248.3K | $142.1M | 1.2% | Held |
| BX BLACKSTONE INC | Financials | 1.2M | $141.3M | 1.2% | Held |
| TXN TEXAS INSTRUMENTS INC | Technology | 724.0K | $140.6M | 1.2% | Held |
| RLI RLI CORP | Financials | 2.4M | $136.6M | 1.1% | Held |
| KKR KKR & CO INC | Financials | 1.5M | $134.3M | 1.1% | Held |
| GD GENERAL DYNAMICS CORP | Industrials | 391.0K | $134.2M | 1.1% | Held |
| MRSH MARSH & MCLENNAN COS | Financials | 763.5K | $132.4M | 1.1% | +0.2% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 1.4M | $130.0M | 1.1% | +0.6% |
| APO APOLLO GLOBAL MANAGEMENT INC | Financials | 1.0M | $112.8M | 0.9% | Held |
| ADM ARCHER-DANIELS-MIDLAND CO | Consumer staples | 1.5M | $109.5M | 0.9% | Held |
| MA MASTERCARD INC - A | Services media | 207.5K | $103.7M | 0.9% | Held |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 869.3K | $103.2M | 0.9% | Held |
| LIN LINDE PLC | Materials | 204.6K | $101.4M | 0.8% | +2.2% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 2.2M | $97.5M | 0.8% | Held |
| MCO MOODY'S CORP | Services media | 213.9K | $93.3M | 0.8% | Held |
| ITW ILLINOIS TOOL WORKS | Industrials | 327.5K | $85.2M | 0.7% | Held |
| ODFL OLD DOMINION FREIGHT LINE | Industrials | 429.1K | $83.9M | 0.7% | +1.8% |
| NSC NORFOLK SOUTHERN CORP | Industrials | 282.5K | $81.1M | 0.7% | +3.3% |
| HEI/A HEICO CORP-CLASS A | Industrials | 379.6K | $80.1M | 0.7% | Held |
| ROL ROLLINS INC | Services media | 1.5M | $80.0M | 0.7% | +0.6% |
| NVR NVR INC | Industrials | 12.1K | $79.7M | 0.7% | +0.7% |
| MSCI MSCI INC | Services media | 142.8K | $77.0M | 0.6% | Held |
| JPM JPMORGAN CHASE & CO | Financials | 252.6K | $74.3M | 0.6% | Held |
| ECL ECOLAB INC | Other | 274.3K | $73.0M | 0.6% | Held |
| CG CARLYLE GROUP INC/THE | Financials | 1.3M | $64.2M | 0.5% | Held |
| SUNB SUNBELT RENTALS HOLDINGS INC | Services media | 963.4K | $62.7M | 0.5% | New |
| TSN TYSON FOODS INC-CL A | Consumer staples | 889.5K | $57.0M | 0.5% | +0.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 1, 2026 | 205 | $11.94B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 205 | $12.54B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 31, 2025 | 208 | $12.32B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 1, 2025 | 218 | $11.83B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 2, 2025 | 217 | $11.26B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 214 | $11.34B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 1, 2024 | 216 | $11.11B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 2, 2024 | 222 | $10.17B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 3, 2024 | 219 | $10.14B | canonical | SEC ↗ |