What Markel Group Inc changed, 2013 to 2026
53 quarterly 13F filings, from Q2 2013 to Q2 2026, each read from the filing itself. A quarter is compared only with the quarter before it, so a quarter with no filing is a gap in the record, not a sale.
Reported book
$13.1bn
$2.8bn at Q2 2013
Positions
130
107 at Q2 2013
Top ten weight
43%
47% at Q2 2013
Typical quarterly turnover
about 1%
Estimated from share changes
- Q2 2013: $2.8bn
- Q3 2013: $2.9bn
- Q4 2013: $3.2bn
- Q1 2014: $3.3bn
- Q2 2014: $3.5bn
- Q3 2014: $3.5bn
- Q4 2014: $4.0bn
- Q1 2015: $4.0bn
- Q2 2015: $4.0bn
- Q3 2015: $3.8bn
- Q4 2015: $3.7bn
- Q1 2016: $3.7bn
- Q2 2016: $3.8bn
- Q3 2016: $3.9bn
- Q4 2016: $4.1bn
- Q1 2017: $4.4bn
- Q2 2017: $4.7bn
- Q3 2017: $5.0bn
- Q4 2017: $5.3bn
- Q1 2018: $5.3bn
- Q2 2018: $5.4bn
- Q3 2018: $5.9bn
- Q4 2018: $5.2bn
- Q1 2019: $6.0bn
- Q2 2019: $6.5bn
- Q3 2019: $6.6bn
- Q4 2019: $7.2bn
- Q1 2020: $5.3bn
- Q2 2020: $5.4bn
- Q3 2020: $5.9bn
- Q4 2020: $6.7bn
- Q1 2021: $7.2bn
- Q2 2021: $7.9bn
- Q3 2021: $7.9bn
- Q4 2021: $8.7bn
- Q1 2022: $8.4bn
- Q2 2022: $7.0bn
- Q3 2022: $6.8bn
- Q4 2022: $7.5bn
- Q1 2023: $7.9bn
- Q2 2023: $8.4bn
- Q3 2023: $8.3bn
- Q4 2023: $9.2bn
- Q1 2024: $10.1bn
- Q2 2024: $10.2bn
- Q3 2024: $11.1bn
- Q4 2024: $11.3bn
- Q1 2025: $11.3bn
- Q2 2025: $11.8bn
- Q3 2025: $12.3bn
- Q4 2025: $12.5bn
- Q1 2026: $11.9bn
- Q2 2026: $13.1bn
- Q2 2013: 47%
- Q3 2013: 47%
- Q4 2013: 45%
- Q1 2014: 45%
- Q2 2014: 44%
- Q3 2014: 43%
- Q4 2014: 44%
- Q1 2015: 44%
- Q2 2015: 43%
- Q3 2015: 42%
- Q4 2015: 44%
- Q1 2016: 45%
- Q2 2016: 44%
- Q3 2016: 43%
- Q4 2016: 44%
- Q1 2017: 43%
- Q2 2017: 42%
- Q3 2017: 43%
- Q4 2017: 43%
- Q1 2018: 42%
- Q2 2018: 41%
- Q3 2018: 41%
- Q4 2018: 42%
- Q1 2019: 40%
- Q2 2019: 40%
- Q3 2019: 39%
- Q4 2019: 39%
- Q1 2020: 40%
- Q2 2020: 42%
- Q3 2020: 43%
- Q4 2020: 43%
- Q1 2021: 43%
- Q2 2021: 43%
- Q3 2021: 43%
- Q4 2021: 42%
- Q1 2022: 44%
- Q2 2022: 41%
- Q3 2022: 41%
- Q4 2022: 39%
- Q1 2023: 39%
- Q2 2023: 39%
- Q3 2023: 39%
- Q4 2023: 39%
- Q1 2024: 39%
- Q2 2024: 40%
- Q3 2024: 39%
- Q4 2024: 40%
- Q1 2025: 41%
- Q2 2025: 40%
- Q3 2025: 41%
- Q4 2025: 42%
- Q1 2026: 42%
- Q2 2026: 43%
The positions that defined it
Every position that was ever among the 25 largest: when it first appeared, when it was largest, and where it stands in Q2 2026. The line is its reported value each quarter.
| Position | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| Alphabet Inc(GOOG)Capital Stock Class C | Q4 2020 | $972mQ2 2026 | $972m | |
| Berkshire Hathaway, Inc.Class A | Q4 2020 | $889mQ1 2025 | $834m | |
| Berkshire Hathaway Class B(BRK-B)Class B New | Q4 2020 | $816mQ1 2025 | $767m | |
| John Deere(DE) | Q3 2014 | $557mQ2 2026 | $557m | |
| Brookfield Corp(BN)Class A LTD VT SH | Q4 2022 | $600mQ4 2025 | $557m | |
| Amazon.com(AMZN) | Q2 2013 | $484mQ2 2026 | $484m | |
| Analog Devices Inc(ADI) | Q1 2016 | $397mQ2 2026 | $397m | |
| Goldman Sachs(GS) | Q1 2016 | $363mQ2 2026 | $363m | |
| Apple Inc(AAPL) | Q2 2015 | $355mQ2 2026 | $355m | |
| Caterpillar Inc(CAT) | Q2 2013 | $350mQ2 2026 | $350m | |
| Visa(V)Common Class A | Q4 2020 | $355mQ2 2025 | $348m | |
| Home Depot(HD) | Q2 2013 | $382mQ4 2021 | $325m | |
| Brookfield Asset ManagementClass A LTD VT SH | Q4 2020 | $526mQ4 2021 | Soldlast listed Q3 2022 | |
| Berkshire Hathaway, Inc. | Q2 2013 | $375mQ4 2019 | Soldlast listed Q3 2020 | |
| Berkshire Hathaway Class B(BRK-B) | Q2 2013 | $346mQ4 2019 | Soldlast listed Q3 2020 | |
| Disney(DIS)Common Disney | Q4 2020 | $338mQ4 2020 | Soldlast listed Q4 2020 | |
| Brookfield Asset Management | Q2 2013 | $335mQ4 2019 | Soldlast listed Q3 2020 | |
| Marriott International(MAR) | Q2 2013 | $240mQ4 2019 | Soldlast listed Q1 2020 | |
| Diageo PLC(DEO) | Q2 2013 | $233mQ2 2019 | Soldlast listed Q3 2020 | |
| Blackrock Inc | Q2 2013 | $209mQ3 2024 | Soldlast listed Q3 2024 |
Quarter by quarter
Q4 2020: $6.7bn across 115 positions
Against Q3 2020: 34 new, 22 added to, 4 trimmed, 1 sold out, across all 115 positions.
Turnover about 0% of the book, estimated from share changes at quarter-end prices.
Largest additions
- Goldman Sachs (GS)+$22m
- KKR & Co LLC (KKR)+$8.8m
- Healthcare Services Group (HCSG)+$6.9m
- Microsoft Corp (MSFT)+$5.8m
- SEI Investments Co (SEIC)+$5.1m
- Rollins, Inc. (ROL)+$3.7m
- Activision Blizzard Inc+$3.5m
- Bank of New York Mellon Corp (BNY)+$3.1m
Largest reductions
- Match Group Inc (MTCH)$144k
- Mohawk Industries (MHK)$2.4m
- JP Morgan (JPM)$6.6m
- Apple Inc (AAPL)$20m
Opened
- Berkshire Hathaway, Inc.$387m
- Brookfield Asset Management$359m
- Berkshire Hathaway Class B (BRK-B)$355m
- Disney (DIS)$338m
- Alphabet Inc (GOOG)$241m
- Diageo PLC (DEO)$214m
- Visa (V)$209m
- Blackstone Group (BX)$80m
Sold out
- Aon Corporationwas $7.6m
Largest positions, Q4 2020
The largest 25 of 115 reported positions.
| Position | Value | Weight | On the quarter |
|---|---|---|---|
| Berkshire Hathaway, Inc. | $387m | 5.8% | New |
| Brookfield Asset Management | $359m | 5.4% | New |
| Berkshire Hathaway Class B (BRK-B) | $355m | 5.3% | New |
| Disney (DIS) | $338m | 5.0% | New |
| Amazon.com (AMZN) | $321m | 4.8% | Held |
| Home Depot (HD) | $244m | 3.6% | Held |
| Alphabet Inc (GOOG) | $241m | 3.6% | New |
| Diageo PLC (DEO) | $214m | 3.2% | New |
| Visa (V) | $209m | 3.1% | New |
| John Deere (DE) | $203m | 3.0% | Held |
| Apple Inc (AAPL) | $159m | 2.4% | Trimmed |
| Blackrock Inc | $159m | 2.4% | Held |
| Analog Devices Inc (ADI) | $131m | 1.9% | Held |
| RLI Corporation (RLI) | $125m | 1.9% | Held |
| Texas Instruments Inc (TXN) | $119m | 1.8% | Held |
| Microsoft Corp (MSFT) | $106m | 1.6% | Added |
| Johnson and Johnson (JNJ) | $96m | 1.4% | Held |
| Lowes (LOW) | $94m | 1.4% | Held |
| Goldman Sachs (GS) | $91m | 1.3% | Added |
| Watsco Inc (WSO) | $90m | 1.3% | Added |
| Blackstone Group (BX) | $80m | 1.2% | New |
| Novo-Nordisk A/S (NVO) | $75m | 1.1% | New |
| Archer Daniels (ADM) | $75m | 1.1% | Held |
| Mastercard, Inc (MA) | $74m | 1.1% | New |
| Marsh & McLennan (MRSH) | $71m | 1.1% | Held |
The books most like this one
Among the managers whose filings are on file, at Q2 2026. Overlap is the share of the two books that is the same: for every stock both list, the smaller of its two weights, added up. Two books can overlap because both own the largest companies; it says nothing about whether the managers agree.
| Manager | Overlap | Stocks in both | Overlap over time | |
|---|---|---|---|---|
| Neuberger Berman Group LLC | at least 25% | 71 | Compare | |
| MFS Investment Management | at least 25% | 75 | Compare | |
| AllianceBernstein LP | at least 25% | 73 | Compare | |
| Capital Research Global Investors | 24% | 69 | Compare | |
| T. Rowe Price Associates Inc | at least 23% | 68 | Compare | |
| Wellington Management Group LLP | at least 22% | 68 | Compare | |
| Invesco Ltd | at least 21% | 86 | Compare | |
| Arrowstreet Capital LP | at least 21% | 63 | Compare |
“At least” where either manager has more positions than are read each quarter: a stock both hold below that range is not counted.
The filings behind it
Every quarter above is one 13F holdings report, with any amendment the filer made to it applied in the order it was filed. Where the reporting entity changed, each quarter keeps the filer that actually reported it.
| Quarter | Filer | Book | Amended | Filing |
|---|---|---|---|---|
| Q2 2026 | Markel Group Inc | $13.1bn | 13F-HR | |
| Q1 2026 | Markel Group Inc | $11.9bn | 13F-HR | |
| Q4 2025 | Markel Group Inc | $12.5bn | 13F-HR | |
| Q3 2025 | Markel Group Inc | $12.3bn | 13F-HR | |
| Q2 2025 | Markel Group Inc | $11.8bn | 13F-HR | |
| Q1 2025 | Markel Group Inc | $11.3bn | 13F-HR | |
| Q4 2024 | Markel Group Inc | $11.3bn | 13F-HR | |
| Q3 2024 | Markel Group Inc | $11.1bn | 13F-HR | |
| Q2 2024 | Markel Group Inc | $10.2bn | 13F-HR | |
| Q1 2024 | Markel Group Inc | $10.1bn | 13F-HR | |
| Q4 2023 | Markel Group Inc | $9.2bn | 13F-HR | |
| Q3 2023 | Markel Group Inc | $8.3bn | 13F-HR | |
| Q2 2023 | Markel Group Inc | $8.4bn | 13F-HR | |
| Q1 2023 | Markel Group Inc | $7.9bn | 13F-HR | |
| Q4 2022 | Markel Group Inc | $7.5bn | 13F-HR | |
| Q3 2022 | Markel Group Inc | $6.8bn | 13F-HR | |
| Q2 2022 | Markel Group Inc | $7.0bn | 13F-HR | |
| Q1 2022 | Markel Group Inc | $8.4bn | 1 | 13F-HR |
| Q4 2021 | Markel Group Inc | $8.7bn | 1 | 13F-HR |
| Q3 2021 | Markel Group Inc | $7.9bn | 13F-HR | |
| Q2 2021 | Markel Group Inc | $7.9bn | 13F-HR | |
| Q1 2021 | Markel Group Inc | $7.2bn | 13F-HR | |
| Q4 2020 | Markel Group Inc | $6.7bn | 13F-HR | |
| Q3 2020 | Markel Group Inc | $5.9bn | 13F-HR | |
| Q2 2020 | Markel Group Inc | $5.4bn | 13F-HR | |
| Q1 2020 | Markel Group Inc | $5.3bn | 13F-HR | |
| Q4 2019 | Markel Group Inc | $7.2bn | 13F-HR | |
| Q3 2019 | Markel Group Inc | $6.6bn | 13F-HR | |
| Q2 2019 | Markel Group Inc | $6.5bn | 13F-HR | |
| Q1 2019 | Markel Group Inc | $6.0bn | 13F-HR | |
| Q4 2018 | Markel Group Inc | $5.2bn | 13F-HR | |
| Q3 2018 | Markel Group Inc | $5.9bn | 13F-HR | |
| Q2 2018 | Markel Group Inc | $5.4bn | 13F-HR | |
| Q1 2018 | Markel Group Inc | $5.3bn | 13F-HR | |
| Q4 2017 | Markel Group Inc | $5.3bn | 13F-HR | |
| Q3 2017 | Markel Group Inc | $5.0bn | 13F-HR | |
| Q2 2017 | Markel Group Inc | $4.7bn | 13F-HR | |
| Q1 2017 | Markel Group Inc | $4.4bn | 13F-HR | |
| Q4 2016 | Markel Group Inc | $4.1bn | 13F-HR | |
| Q3 2016 | Markel Group Inc | $3.9bn | 13F-HR | |
| Q2 2016 | Markel Group Inc | $3.8bn | 13F-HR | |
| Q1 2016 | Markel Group Inc | $3.7bn | 13F-HR | |
| Q4 2015 | Markel Group Inc | $3.7bn | 13F-HR | |
| Q3 2015 | Markel Group Inc | $3.8bn | 13F-HR | |
| Q2 2015 | Markel Group Inc | $4.0bn | 13F-HR | |
| Q1 2015 | Markel Group Inc | $4.0bn | 13F-HR | |
| Q4 2014 | Markel Group Inc | $4.0bn | 1 | 13F-HR |
| Q3 2014 | Markel Group Inc | $3.5bn | 13F-HR | |
| Q2 2014 | Markel Group Inc | $3.5bn | 13F-HR | |
| Q1 2014 | Markel Group Inc | $3.3bn | 13F-HR | |
| Q4 2013 | Markel Group Inc | $3.2bn | 13F-HR | |
| Q3 2013 | Markel Group Inc | $2.9bn | 13F-HR | |
| Q2 2013 | Markel Group Inc | $2.8bn | 13F-HR |
Reading this record
A 13F lists US-listed long equity and options at the quarter end, filed up to 45 days later. It shows what was held, not when it was bought or at what price, and nothing short. Where a quarter lists only the largest positions, a name missing from it may still be held below that range; the counts of what was opened and sold always cover the whole filing.
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