MARKEL GROUP INC.
Runs the equity book at Markel, often called a 'baby Berkshire.'
Sector Allocation
- Financials36.4%$4.8B
- Technology20.6%$2.7B
- Industrials15.2%$2.0B
- Consumer Discretionary11.3%$1.5B
- Real Estate4.5%$589.8M
- Consumer Staples3.8%$496.9M
- Materials3.3%$435.2M
- Healthcare2.9%$376.1M
- Communication Services1.8%$230.0M
- Energy0.2%$28.6M
AUM History
13fpro.ai/research/fund/markel-group-inc-1096343
Conviction and streaks
Stable · top 10 = 42.9%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
GOOG
$971.6MBRK.A
$834.2MBRK.B
$766.6MDE
$556.9MBN
$556.8MAMZN
$484.0MADI
$397.0MGS
$363.4MAAPL
$355.1MCAT
$350.0MV
$347.9MHD
$325.3MWSO
$249.1MTXN
$215.8MBLK
$211.7MGOOGL
$204.4MMSFT
$200.5MDIS
$195.5MAXP
$165.9MLOW
$165.8M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/markel-group-inc-1096343
MARKEL GROUP INC. 13F holdings — Q2 2026
$13.1B portfolio (+10.0% QoQ) · 130 holdings · Q2 2026 13F · top 10 are 43% of the stock portfolio
$971.6M
7.4% of stocks
No changeThis quarter-11.9%Since filed10+ qtrsHeld$834.2M
6.3% of stocks
No changeThis quarter—Since filed10+ qtrsHeld$766.6M
5.8% of stocks
No changeThis quarter—Since filed10+ qtrsHeld$556.9M
4.2% of stocks
No changeThis quarter+8.2%Since filed10+ qtrsHeld$556.8M
4.2% of stocks
No changeThis quarter-10.8%Since filed10+ qtrsHeld$484.0M
3.7% of stocks
No changeThis quarter-8.3%Since filed10+ qtrsHeld$397.0M
3.0% of stocks
-2%This quarter+11.0%Since filed10+ qtrsHeld$363.4M
2.8% of stocks
No changeThis quarter-12.3%Since filed10+ qtrsHeld$355.1M
2.7% of stocks
No changeThis quarter+11.3%Since filed10+ qtrsHeld$350.0M
2.7% of stocks
No changeThis quarter-15.1%Since filed10+ qtrsHeld
All holdings — MARKEL GROUP INC. (Q2 2026)
130 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | VISA INC. | Financials | $347.9M | 2.6% | 1.01M | +1.0% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | HOME DEPOT, INC. | Consumer Discretionary | $325.3M | 2.5% | 923K | +0.3% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | WATSCO INC | Consumer Discretionary | $249.1M | 1.9% | 598K | +3% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | TEXAS INSTRUMENTS INC | Technology | $215.8M | 1.6% | 724K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | BlackRock, Inc. | Financials | $211.7M | 1.6% | 220K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Alphabet Inc. | Technology | $204.4M | 1.6% | 572K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | MICROSOFT CORP | Technology | $200.5M | 1.5% | 538K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Walt Disney Co | Communication Services | $195.5M | 1.5% | 2.03M | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | AMERICAN EXPRESS CO | Financials | $165.9M | 1.3% | 490K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | LOWES COMPANIES INC | Consumer Discretionary | $165.8M | 1.3% | 752K | +2% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | PROGRESSIVE CORP/OH/ | Financials | $164.7M | 1.3% | 754K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | FRANCO NEVADA Corp | Materials | $161.2M | 1.2% | 774K | +9% | 9 qtrsAdded 9 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | LPL Financial Holdings Inc. | Financials | $157.7M | 1.2% | 560K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | JOHNSON & JOHNSON | Healthcare | $155.1M | 1.2% | 611K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | Blackstone Inc. | Financials | $144.6M | 1.1% | 1.23M | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $RLI | RLI CORP | Financials | $141.4M | 1.1% | 2.39M | — | |||
| 27 | $GD | GENERAL DYNAMICS CORP | Industrials | $138.5M | 1.1% | 391K | — | |||
| 28 | $NVO | NOVO NORDISK A S | Healthcare | $137.6M | 1.1% | 2.87M | — | |||
| 29 | $KKR | KKR & Co. Inc. | Financials | $133.2M | 1.0% | 1.45M | — | |||
| 30 | $META | Meta Platforms, Inc. | Technology | $131.9M | 1.0% | 234K | -6% | |||
| 31 | $SCHW | SCHWAB CHARLES CORP | Financials | $128.7M | 1.0% | 1.39M | +0.8% | |||
| 32 | $MRSH | MARSH & MCLENNAN COMPANIES, INC. | Financials | $127.3M | 1.0% | 764K | — | |||
| 33 | $APO | Apollo Global Management, Inc. | Financials | $119.8M | 0.9% | 1.01M | — | |||
| 34 | $ADM | Archer-Daniels-Midland Co | Consumer Staples | $115.0M | 0.9% | 1.51M | — | |||
| 35 | $LIN | LINDE PLC | Materials | $111.9M | 0.8% | 216K | +5% | |||
| 36 | $DEO | DIAGEO PLC | Consumer Staples | $110.3M | 0.8% | 1.37M | — | |||
| 37 | $MA | Mastercard Inc | Financials | $106.6M | 0.8% | 208K | — | |||
| 38 | $DG | DOLLAR GENERAL CORP | Consumer Staples | $100.1M | 0.8% | 869K | — | |||
| 39 | $BAM | Brookfield Asset Management Ltd. | Financials | $98.4M | 0.8% | 2.19M | — | |||
| 40 | $HEI.A | HEICO CORP | Industrials | $97.9M | 0.8% | 380K | — | |||
| 41 | $MCO | MOODYS CORP /DE/ | Financials | $96.9M | 0.7% | 214K | — | |||
| 42 | $ODFL | OLD DOMINION FREIGHT LINE, INC. | Industrials | $93.0M | 0.7% | 429K | — | |||
| 43 | $NSC | NORFOLK SOUTHERN CORP | Industrials | $88.9M | 0.7% | 283K | — | |||
| 44 | $ITW | ILLINOIS TOOL WORKS INC | Industrials | $88.6M | 0.7% | 328K | — | |||
| 45 | $JPM | JPMORGAN CHASE & CO | Financials | $82.7M | 0.6% | 253K | — | |||
| 46 | $NVR | NVR INC | Industrials | $82.4M | 0.6% | 12K | +0.1% | |||
| 47 | $MSCI | MSCI Inc. | Financials | $80.0M | 0.6% | 143K | — | |||
| 48 | $ROK | ROCKWELL AUTOMATION, INC | Industrials | $76.7M | 0.6% | 155K | — | |||
| 49 | $ECL | ECOLAB INC. | Materials | $76.4M | 0.6% | 274K | — | |||
| 50 | $SUNB | Sunbelt Rentals Holdings, Inc. | Industrials | $72.9M | 0.6% | 974K | +1% | |||
| 51 | $SBUX | STARBUCKS CORP | Consumer Discretionary | $63.7M | 0.5% | 624K | — | |||
| 52 | $ROL | ROLLINS INC | Industrials | $63.3M | 0.5% | 1.52M | +1% | |||
| 53 | $THG | HANOVER INSURANCE GROUP, INC. | Financials | $60.2M | 0.5% | 281K | — | |||
| 54 | $ITIC | INVESTORS TITLE CO | Financials | $58.4M | 0.4% | 213K | — | |||
| 55 | $CG | Carlyle Group Inc. | Financials | $55.9M | 0.4% | 1.33M | — | |||
| 56 | $TSN | TYSON FOODS, INC. | Consumer Staples | $52.3M | 0.4% | 914K | +3% | |||
| 57 | $SPGI | S&P Global Inc. | Financials | $47.9M | 0.4% | 118K | — | |||
| 58 | $AON | Aon plc | Financials | $45.0M | 0.3% | 136K | — | |||
| 59 | $UNP | UNION PACIFIC CORP | Industrials | $43.8M | 0.3% | 161K | +7% | |||
| 60 | $FERG | Ferguson Enterprises Inc. /DE/ | Consumer Discretionary | $42.8M | 0.3% | 180K | +6% | |||
| 61 | $RTX | RTX Corp | Industrials | $42.5M | 0.3% | 224K | — | |||
| 62 | $CSCO | CISCO SYSTEMS, INC. | Technology | $41.8M | 0.3% | 356K | — | |||
| 63 | $MELI | MERCADOLIBRE INC | Consumer Discretionary | $40.7M | 0.3% | 24K | +340% | |||
| 64 | $YUM | YUM BRANDS INC | Consumer Discretionary | $39.2M | 0.3% | 245K | — | |||
| 65 | $MAR | MARRIOTT INTERNATIONAL INC /MD/ | Consumer Discretionary | $36.9M | 0.3% | 100K | +6% | |||
| 66 | $ALL | ALLSTATE CORP | Financials | $36.8M | 0.3% | 155K | — | |||
| 67 | $TMO | THERMO FISHER SCIENTIFIC INC. | Healthcare | $36.6M | 0.3% | 73K | +9% | |||
| 68 | $COST | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $36.6M | 0.3% | 39K | — | |||
| 69 | $HGTY | Hagerty, Inc. | Financials | $35.9M | 0.3% | 3.11M | — | |||
| 70 | $TROW | PRICE T ROWE GROUP INC | Financials | $35.7M | 0.3% | 314K | — | |||
| 71 | $URI | UNITED RENTALS, INC. | Industrials | $35.3M | 0.3% | 31K | — | |||
| 72 | $ABNB | Airbnb, Inc. | Technology | $34.7M | 0.3% | 242K | — | |||
| 73 | $LMT | LOCKHEED MARTIN CORP | Industrials | $33.2M | 0.3% | 65K | — | |||
| 74 | $HCA | HCA Healthcare, Inc. | Healthcare | $32.9M | 0.3% | 84K | +2% | |||
| 75 | $SHW | SHERWIN WILLIAMS CO | Materials | $32.4M | 0.3% | 94K | — | |||
| 76 | $FDS | FACTSET RESEARCH SYSTEMS INC | Technology | $31.1M | 0.2% | 135K | — | |||
| 77 | $LAMR | LAMAR ADVERTISING CO/NEW | Real Estate | $30.1M | 0.2% | 193K | — | |||
| 78 | $VRSK | Verisk Analytics, Inc. | Technology | $28.0M | 0.2% | 156K | — | |||
| 79 | $CSX | CSX CORP | Industrials | $27.8M | 0.2% | 585K | +10% | |||
| 80 | $AMAT | APPLIED MATERIALS INC /DE | Technology | $26.3M | 0.2% | 36K | — | |||
| 81 | $APD | Air Products & Chemicals, Inc. | Materials | $25.9M | 0.2% | 89K | +17% | |||
| 82 | $FIX | COMFORT SYSTEMS USA INC | Industrials | $25.8M | 0.2% | 13K | — | |||
| 83 | $CCK | CROWN HOLDINGS, INC. | Industrials | $24.6M | 0.2% | 220K | — | |||
| 84 | $BF-A | BROWN FORMAN CORP | Consumer Staples | $23.1M | 0.2% | 843K | — | |||
| 85 | $RNR | RENAISSANCERE HOLDINGS LTD | Financials | $22.2M | 0.2% | 70K | — | |||
| 86 | $EPD | ENTERPRISE PRODUCTS PARTNERS L.P. | Energy | $20.9M | 0.2% | 569K | +182% | |||
| 87 | $PM | Philip Morris International Inc. | Consumer Staples | $20.7M | 0.2% | 115K | — | |||
| 88 | $ACN | Accenture plc | Technology | $19.8M | 0.1% | 159K | — | |||
| 89 | $CCZ | COMCAST CORP | Communication Services | $19.7M | 0.1% | 802K | -17% | |||
| 90 | $HXL | HEXCEL CORP /DE/ | Materials | $18.9M | 0.1% | 189K | — | |||
| 91 | $NKE | NIKE, Inc. | Consumer Discretionary | $18.4M | 0.1% | 447K | — | |||
| 92 | $COF | CAPITAL ONE FINANCIAL CORP | Financials | $18.3M | 0.1% | 91K | — | |||
| 93 | $BNY | Bank of New York Mellon Corp | Financials | $18.0M | 0.1% | 125K | — | |||
| 94 | $CARR | CARRIER GLOBAL Corp | Industrials | $17.2M | 0.1% | 235K | — | |||
| 95 | $WFC | WELLS FARGO & COMPANY/MN | Financials | $16.9M | 0.1% | 204K | — | |||
| 96 | $SEIC | SEI INVESTMENTS CO | Financials | $15.2M | 0.1% | 173K | — | |||
| 97 | $PAYX | PAYCHEX INC | Technology | $14.7M | 0.1% | 150K | — | |||
| 98 | $HSY | HERSHEY CO | Consumer Staples | $13.2M | 0.1% | 75K | — | |||
| 99 | $PEP | PEPSICO INC | Consumer Staples | $13.0M | 0.1% | 96K | — | |||
| 100 | $BF-A | BROWN FORMAN CORP | Consumer Staples | $12.6M | 0.1% | 474K | — | |||
| 101 | $SPOT | Spotify Technology S.A. | Communication Services | $11.9M | 0.1% | 26K | — | |||
| 102 | $SHOP | SHOPIFY INC. | Technology | $11.7M | 0.1% | 103K | — | |||
| 103 | $EFX | EQUIFAX INC | Financials | $11.6M | 0.1% | 73K | — | |||
| 104 | $CME | CME GROUP INC. | Financials | $11.0M | 0.1% | 50K | — | |||
| 105 | $CBOE | Cboe Global Markets, Inc. | Financials | $10.6M | 0.1% | 44K | — | |||
| 106 | $UBER | Uber Technologies, Inc | Technology | $10.3M | 0.1% | 143K | — | |||
| 107 | $OTIS | Otis Worldwide Corp | Industrials | $9.6M | 0.1% | 134K | +17% | |||
| 108 | $IQV | IQVIA HOLDINGS INC. | Healthcare | $9.1M | 0.1% | 47K | — | |||
| 109 | $HII | HUNTINGTON INGALLS INDUSTRIES, INC. | Industrials | $7.7M | 0.1% | 28K | — | |||
| 110 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $7.7M | 0.1% | 56K | +19% | |||
| 111 | $NSP | INSPERITY, INC. | Industrials | $7.5M | 0.1% | 181K | — | |||
| 112 | $KMX | CARMAX INC | Consumer Discretionary | $7.2M | 0.1% | 137K | — | |||
| 113 | $SONY | Sony Group Corp | Technology | $6.7M | 0.1% | 335K | — | |||
| 114 | $CNI | CANADIAN NATIONAL RAILWAY CO | Industrials | $6.4M | 0.1% | 54K | — | |||
| 115 | $CP | CANADIAN PACIFIC KANSAS CITY LTD/CN | Industrials | $6.3M | 0.1% | 73K | +23% | |||
| 116 | $GHC | Graham Holdings Co | Consumer Discretionary | $5.9M | 0.1% | 5,200 | — | |||
| 117 | $EMN | EASTMAN CHEMICAL CO | Materials | $5.0M | 0.0% | 75K | — | |||
| 118 | $ZTS | Zoetis Inc. | Healthcare | $4.8M | 0.0% | 66K | New | |||
| 119 | $BC | BRUNSWICK CORP | Industrials | $4.3M | 0.0% | 51K | — | |||
| 120 | $WRB | BERKLEY W R CORP | Financials | $4.3M | 0.0% | 61K | — | |||
| 121 | $MGM | MGM Resorts International | Consumer Discretionary | $4.2M | 0.0% | 88K | — | |||
| 122 | $AYI | ACUITY INC. (DE) | Technology | $3.7M | 0.0% | 9,750 | — | |||
| 123 | $ICE | Intercontinental Exchange, Inc. | Financials | $3.6M | 0.0% | 29K | — | |||
| 124 | $EXP | EAGLE MATERIALS INC | Materials | $3.3M | 0.0% | 15K | — | |||
| 125 | $WY | WEYERHAEUSER CO | Real Estate | $2.9M | 0.0% | 120K | +586% | |||
| 126 | $NFLX | NETFLIX INC | Communication Services | $2.9M | 0.0% | 40K | New | |||
| 127 | $SYY | SYSCO CORP | Consumer Discretionary | $2.5M | 0.0% | 31K | — | |||
| 128 | $DPZ | DOMINOS PIZZA INC | Consumer Discretionary | $1.6M | 0.0% | 5,500 | — | |||
| 129 | $BRO | BROWN & BROWN, INC. | Financials | $898K | 0.0% | 14K | — | |||
| 130 | $UFPI | UFP INDUSTRIES INC | Industrials | $363K | 0.0% | 4,000 | New |
What changed in Q2 2026
Against the previous quarter's 13F: 3 new, 24 added to, 3 trimmed, 2 sold out. Share-count changes; largest moves by dollar size first.
New positions (3)
Added to (24)
$MELIMERCADOLIBRE INC+340%
now $40.7M · held 2 qtrs, 2 adds in a row
$FNVFRANCO NEVADA Corp+9%
now $161.2M · held 9 qtrs, 9 adds in a row
$EPDENTERPRISE PRODUCTS PARTNERS L.P.+182%
now $20.9M · held 2 qtrs, 2 adds in a row
now $249.1M · held 10+ qtrs
$LINLINDE PLC+5%
now $111.9M · held 10+ qtrs, 9 adds in a row
$APDAir Products & Chemicals, Inc.+17%
now $25.9M · held 10+ qtrs, 3 adds in a row
+18 more in the Excel export
Trimmed (3)
Holdings by quarter
Every 13F MARKEL GROUP INC. has filed, 39 earlier quarters. Pick one to see what it held then.
Is it too late to follow MARKEL GROUP?
Q2 2026 13F filed with the SEC on Jul 31, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of MARKEL GROUP's top 20 holdings: 72/100 (our AI quality score, weighted by position size; 19 of the 20 are scored)
Top 10 since filing
-4.5%
Value-weighted move of the 10 largest stock positions
Turnover
0%
Last quarter; 2% over the last 4
Top 10 weight
43%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
99%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
MARKEL GROUP INC. disclosed 130 positions worth $13.1B in its Form 13F-HR for Q2 2026, led by $GOOG (Alphabet Inc.) at 7.4% of the equity portfolio, followed by $BRK.A and $BRK.B. During the quarter the fund opened 3 new positions and exited 2 — including a new stake in $ZTS and a full exit from $SMG. The portfolio is most concentrated in Financials (36.4% of disclosed assets). All figures are sourced directly from MARKEL GROUP INC.’s Form 13F-HR filing with the SEC under CIK 1096343.
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AI-Powered Hedge Fund Analysis: MARKEL GROUP INC.
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Every holding in MARKEL GROUP INC.'s portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.