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Markel Group Inc

The positions Markel Group Inc reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 31 Jul 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.

Reported book
$13.1bn
+$1.2bn on Q1 2026
Positions
130
3 new, 2 sold out
Top ten weight
43%
Spread across the book
Quarter
Q2 2026
Filed 31 Jul 2026
Read the Q2 2026 filing on sec.gov CIK 0001096343 · Value / activist · VA
Reported book by quarter
$0$6.6bn$13.1bnQ3 24: $11.1bn$11.1bnQ3 24Q4 24: $11.3bn$11.3bnQ4 24Q1 25: $11.3bn$11.3bnQ1 25Q2 25: $11.8bn$11.8bnQ2 25Q3 25: $12.3bn$12.3bnQ3 25Q4 25: $12.5bn$12.5bnQ4 25Q1 26: $11.9bn$11.9bnQ1 26Q2 26: $13.1bn$13.1bnQ2 26
Largest positions, share of the book
Alphabet Inc: 7.4%Alphabet Inc7.4%Berkshire Hathaway Inc Del: 6.4%Berkshire Hathaway Inc …6.4%Berkshire Hathaway Inc Del: 5.8%Berkshire Hathaway Inc …5.8%Deere & Co (DE): 4.2%Deere & Co (DE)4.2%Brookfield Corp: 4.2%Brookfield Corp4.2%Amazon Com Inc (AMZN): 3.7%Amazon Com Inc (AMZN)3.7%Analog Devices Inc (ADI): 3.0%Analog Devices Inc (ADI)3.0%Goldman Sachs Group Inc: 2.8%Goldman Sachs Group Inc2.8%Apple Inc (AAPL): 2.7%Apple Inc (AAPL)2.7%Caterpillar Inc (CAT): 2.7%Caterpillar Inc (CAT)2.7%

Opened this quarter

A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.

  • Zoetis Inc (ZTS)$4.8m · 0.0%
  • Netflix Inc. (NFLX)$2.9m · 0.0%
  • Ufp Industries Inc (UFPI)$400k · 0.0%

Sold out of this quarter

Exits are valued at what the position was worth in the previous filing, because by this one it is gone.

  • Scotts Miracle-gro Co (SMG)$10m held before
  • Unitedhealth Group Inc (UNH)$5.1m held before

Every reported position, Q2 2026

130 positions, sorted by weight · page 1 of 2

PositionWeight ↓ValueSharesChange on the quarterAction
Alphabet Inc
CAP STK CL C · CUSIP 02079K107
7.4%$972m2,749,860
+$183m
0 shares
Held
Berkshire Hathaway Inc Del
CL A · CUSIP 084670108
6.4%$834m1,114
+$34m
0 shares
Held
Berkshire Hathaway Inc Del
CL B NEW · CUSIP 084670702
5.8%$767m1,531,971
+$33m
0 shares
Held
Deere & Co (DE)
COM · CUSIP 244199105
4.2%$557m877,900
+$62m
0 shares
Held
Brookfield Corp
CL A LTD VT SH · CUSIP 11271J107
4.2%$557m13,073,609
+$28m
0 shares
Held
Amazon Com Inc (AMZN)
COM · CUSIP 023135106
3.7%$484m2,030,760
+$61m
0 shares
Held
Analog Devices Inc (ADI)
COM · CUSIP 032654105
3.0%$397m999,671
+$72m
-23,574 shares
Trimmed
Goldman Sachs Group Inc
COM · CUSIP 38141G104
2.8%$363m359,360
+$59m
0 shares
Held
Apple Inc (AAPL)
COM · CUSIP 037833100
2.7%$355m1,227,290
+$44m
0 shares
Held
Caterpillar Inc (CAT)
COM · CUSIP 149123101
2.7%$350m328,650
+$117m
0 shares
Held
Visa Inc (V)
COM CL A · CUSIP 92826C839
2.6%$348m1,013,912
+$44m
+9,581 shares
Added
Home Depot Inc (HD)
COM · CUSIP 437076102
2.5%$325m922,500
+$23m
+2,500 shares
Added
Watsco Inc
COM · CUSIP 942622200
1.9%$249m597,750
+$37m
+15,581 shares
Added
Texas Instrs Inc
COM · CUSIP 882508104
1.6%$216m724,000
+$75m
0 shares
Held
Blackrock Inc (BLK)
COM · CUSIP 09290D101
1.6%$212m220,200
unchanged
0 shares
Held
Alphabet Inc
CAP STK CL A · CUSIP 02079K305
1.6%$204m572,000
+$40m
0 shares
Held
Microsoft Corp (MSFT)
COM · CUSIP 594918104
1.5%$201m537,630
+$1.5m
0 shares
Held
Disney Walt Co
COM · CUSIP 254687106
1.5%$196m2,031,665
-$300k
0 shares
Held
American Express Co (AXP)
COM · CUSIP 025816109
1.3%$166m490,450
+$18m
0 shares
Held
Lowes Cos Inc
COM · CUSIP 548661107
1.3%$166m751,980
-$8.7m
+13,500 shares
Added
Progressive Corp
COM · CUSIP 743315103
1.3%$165m753,750
+$15m
0 shares
Held
Franco Nev Corp
COM · CUSIP 351858105
1.2%$161m773,500
-$14m
+65,000 shares
Added
LPL Finl HLDGS Inc
COM · CUSIP 50212V100
1.2%$158m559,951
-$11m
0 shares
Held
Johnson & Johnson (JNJ)
COM · CUSIP 478160104
1.2%$155m610,800
+$5.8m
0 shares
Held
Blackstone Inc (BX)
COM · CUSIP 09260D107
1.1%$145m1,229,000
+$3.3m
0 shares
Held
Rli Corp (RLI)
COM · CUSIP 749607107
1.1%$141m2,394,544
+$4.9m
0 shares
Held
General Dynamics Corp (GD)
COM · CUSIP 369550108
1.1%$139m391,000
+$4.3m
0 shares
Held
Novo-nordisk A S
ADR · CUSIP 670100205
1.0%$138m2,869,774
+$32m
0 shares
Held
KKR & Co Inc
COM · CUSIP 48251W104
1.0%$133m1,451,800
-$1.0m
0 shares
Held
Meta Platforms Inc (META)
CL A · CUSIP 30303M102
1.0%$132m234,163
-$10m
-14,140 shares
Trimmed
Schwab Charles Corp
COM · CUSIP 808513105
1.0%$129m1,394,800
-$1.4m
+11,000 shares
Added
Marsh & Mclennan Cos Inc
COM · CUSIP 571748102
1.0%$127m763,500
-$5.2m
0 shares
Held
Apollo Global MGMT Inc
COM · CUSIP 03769M106
0.9%$120m1,012,500
+$7.0m
0 shares
Held
Archer Daniels Midland Co (ADM)
COM · CUSIP 039483102
0.9%$115m1,505,800
+$5.6m
0 shares
Held
Linde PLC (LIN)
SHS · CUSIP G54950103
0.9%$112m215,600
+$11m
+11,000 shares
Added
Diageo PLC
SPON ADR NEW · CUSIP 25243Q205
0.8%$110m1,372,208
+$8.1m
0 shares
Held
Mastercard Incorporated (MA)
CL A · CUSIP 57636Q104
0.8%$107m207,540
+$2.9m
0 shares
Held
Dollar Gen Corp
COM · CUSIP 256677105
0.8%$100m869,250
-$3.1m
0 shares
Held
Brookfield Asset Managmt LTD
CL A LMT VTG SHS · CUSIP 113004105
0.7%$98m2,193,953
+$900k
0 shares
Held
Heico Corp New
CL A · CUSIP 422806208
0.7%$98m379,644
+$18m
0 shares
Held
Moodys Corp
COM · CUSIP 615369105
0.7%$97m213,890
+$3.6m
0 shares
Held
Old Dominion Freight Line In
COM · CUSIP 679580100
0.7%$93m429,150
+$9.1m
0 shares
Held
Norfolk Southn Corp
COM · CUSIP 655844108
0.7%$89m282,500
+$7.8m
0 shares
Held
Illinois Tool WKS Inc
COM · CUSIP 452308109
0.7%$89m327,500
+$3.3m
0 shares
Held
JPMorgan Chase & Co
COM · CUSIP 46625H100
0.6%$83m252,550
+$8.4m
0 shares
Held
NVR Inc (NVR)
COM · CUSIP 62944T105
0.6%$82m12,097
+$2.8m
+10 shares
Added
Msci Inc (MSCI)
COM · CUSIP 55354G100
0.6%$80m142,850
+$3.0m
0 shares
Held
Rockwell Automation Inc (ROK)
COM · CUSIP 773903109
0.6%$77m154,900
+$21m
0 shares
Held
Ecolab Inc (ECL)
COM · CUSIP 278865100
0.6%$76m274,300
+$3.5m
0 shares
Held
Sunbelt Rentals Holdings Inc (SUNB)
SHS · CUSIP 866966104
0.6%$73m974,361
+$10m
+11,000 shares
Added
Starbucks Corp (SBUX)
COM · CUSIP 855244109
0.5%$64m623,818
+$7.9m
0 shares
Held
Rollins Inc (ROL)
COM · CUSIP 775711104
0.5%$63m1,516,525
-$17m
+18,500 shares
Added
Hanover Ins Group Inc
COM · CUSIP 410867105
0.5%$60m281,000
+$12m
0 shares
Held
Investors Title Co NC
COM · CUSIP 461804106
0.4%$58m213,300
+$12m
0 shares
Held
Carlyle Group Inc
COM · CUSIP 14316J108
0.4%$56m1,327,000
-$8.3m
0 shares
Held
Tyson Foods Inc (TSN)
CL A · CUSIP 902494103
0.4%$52m913,500
-$4.7m
+24,000 shares
Added
S&P Global Inc (SPGI)
COM · CUSIP 78409V104
0.4%$48m117,690
-$2.1m
0 shares
Held
Aon PLC (AON)
SHS CL A · CUSIP G0403H108
0.3%$45m135,800
+$1.2m
0 shares
Held
Union Pac Corp
COM · CUSIP 907818108
0.3%$44m161,028
+$7.3m
+10,750 shares
Added
Ferguson Enterprises Inc
COMMON STOCK NEW · CUSIP 31488V107
0.3%$43m180,200
+$2.9m
+9,500 shares
Added
RTX Corporation (RTX)
COM · CUSIP 75513E101
0.3%$43m224,000
-$700k
0 shares
Held
Cisco Sys Inc
COM · CUSIP 17275R102
0.3%$42m355,500
+$14m
0 shares
Held
Mercadolibre Inc (MELI)
COM · CUSIP 58733R102
0.3%$41m24,000
+$31m
+18,550 shares
Added
Yum Brands Inc (YUM)
COM · CUSIP 988498101
0.3%$39m245,213
+$1.1m
0 shares
Held
Marriott Intl Inc New
CL A · CUSIP 571903202
0.3%$37m99,500
+$6.2m
+5,750 shares
Added
Allstate Corp
COM · CUSIP 020002101
0.3%$37m154,550
+$4.7m
0 shares
Held
Thermo Fisher Scientific Inc (TMO)
COM · CUSIP 883556102
0.3%$37m73,100
+$3.7m
+6,000 shares
Added
Costco Wholesale Corporation (COST)
COM · CUSIP 22160K105
0.3%$37m39,150
-$2.4m
0 shares
Held
Hagerty Inc (HGTY)
CL A COM · CUSIP 405166109
0.3%$36m3,108,000
+$3.2m
0 shares
Held
Price T Rowe Group Inc (TROW)
COM · CUSIP 74144T108
0.3%$36m314,000
+$7.4m
0 shares
Held
United Rentals Inc (URI)
COM · CUSIP 911363109
0.3%$35m31,150
+$13m
0 shares
Held
Airbnb Inc (ABNB)
COM CL A · CUSIP 009066101
0.3%$35m242,389
+$4.1m
0 shares
Held
Lockheed Martin Corp (LMT)
COM · CUSIP 539830109
0.3%$33m65,213
-$6.2m
0 shares
Held
Hca Healthcare Inc (HCA)
COM · CUSIP 40412C101
0.3%$33m84,366
-$6.1m
+1,936 shares
Added
Sherwin Williams Co (SHW)
COM · CUSIP 824348106
0.2%$32m94,172
+$2.2m
0 shares
Held
Factset Resh Sys Inc
COM · CUSIP 303075105
0.2%$31m135,376
+$1.8m
0 shares
Held
Lamar Advertising Co (LAMR)
CL A · CUSIP 512816109
0.2%$30m193,000
+$5.7m
0 shares
Held
Verisk Analytics Inc (VRSK)
COM · CUSIP 92345Y106
0.2%$28m155,950
-$1.6m
0 shares
Held
CSX Corp (CSX)
COM · CUSIP 126408103
0.2%$28m584,500
+$6.0m
+54,500 shares
Added
Applied Matls Inc
COM · CUSIP 038222105
0.2%$26m36,350
+$14m
0 shares
Held
Air Products and Chemicals I
COM · CUSIP 009158106
0.2%$26m88,500
+$4.0m
+13,000 shares
Added
Comfort Sys USA Inc
COM · CUSIP 199908104
0.2%$26m13,000
+$7.8m
0 shares
Held
Crown HLDGS Inc
COM · CUSIP 228368106
0.2%$25m220,000
+$2.5m
0 shares
Held
Brown Forman Corp
CL A · CUSIP 115637100
0.2%$23m843,000
+$500k
0 shares
Held
Renaissancere HLDGS LTD
COM · CUSIP G7496G103
0.2%$22m70,000
+$1.4m
0 shares
Held
Enterprise Prods Partners L
COM · CUSIP 293792107
0.2%$21m569,000
+$13m
+367,000 shares
Added
Philip Morris Intl Inc
COM · CUSIP 718172109
0.2%$21m114,500
+$1.8m
0 shares
Held
Accenture PLC Ireland
SHS CLASS A · CUSIP G1151C101
0.2%$20m159,400
-$12m
0 shares
Held
Comcast Corp New
CL A · CUSIP 20030N101
0.1%$20m802,074
-$7.9m
-159,806 shares
Trimmed
Hexcel Corp New
COM · CUSIP 428291108
0.1%$19m189,000
+$3.6m
0 shares
Held
NIKE Inc (NKE)
CL B · CUSIP 654106103
0.1%$18m447,400
-$5.3m
0 shares
Held
Capital One Finl Corp
COM · CUSIP 14040H105
0.1%$18m91,000
+$1.7m
0 shares
Held
Bank New York Mellon Corp
COM · CUSIP 064058100
0.1%$18m124,500
+$3.2m
0 shares
Held
Carrier Global Corporation (CARR)
COM · CUSIP 14448C104
0.1%$17m235,000
+$4.0m
0 shares
Held
Wells Fargo & Co
COM · CUSIP 949746101
0.1%$17m204,450
+$600k
0 shares
Held
Sei Invts Co
COM · CUSIP 784117103
0.1%$15m173,200
+$1.6m
0 shares
Held
Paychex Inc (PAYX)
COM · CUSIP 704326107
0.1%$15m150,000
+$900k
0 shares
Held
Hershey Co (HSY)
COM · CUSIP 427866108
0.1%$13m75,000
-$2.4m
0 shares
Held
Pepsico Inc (PEP)
COM · CUSIP 713448108
0.1%$13m96,210
-$1.9m
0 shares
Held
Brown Forman Corp
CL B · CUSIP 115637209
0.1%$13m474,187
+$100k
0 shares
Held

Every filing on file

QuarterPeriod endFiledBookPositionsTop 10Filing
Q2 202630 Jun 202631 Jul 2026$13.1bn13043%13F-HR
Q1 202631 Mar 20261 May 2026$11.9bn12942%13F-HR
Q4 202531 Dec 20256 Feb 2026$12.5bn12842%13F-HR
Q3 202530 Sept 202531 Oct 2025$12.3bn12941%13F-HR
Q2 202530 Jun 20251 Aug 2025$11.8bn13740%13F-HR
Q1 202531 Mar 20252 May 2025$11.3bn13541%13F-HR
Q4 202431 Dec 20247 Feb 2025$11.3bn13240%13F-HR
Q3 202430 Sept 20241 Nov 2024$11.1bn13239%13F-HR

Taking this into the room

Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.

A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.

Compare this against every other manager →How a hedge fund interview runs →

What this filing leaves out

A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.

The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.

Company names, tickers and logos are the trademarks of their respective owners and appear here to identify the company whose public figures are being used. L3VLUP is not affiliated with, sponsored by or endorsed by any company shown, and nothing here is a statement by or about that company. More