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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
Ufp Industries Inc (UFPI)
COM · CUSIP 90278Q108
0.0%$400k4,000No earlier filingNew
Brown & Brown Inc (BRO)
COM · CUSIP 115236101
0.0%$900k14,000
unchanged
0 shares
Held
Dominos Pizza Inc (DPZ)
COM · CUSIP 25754A201
0.0%$1.6m5,500
-$300k
0 shares
Held
Sysco Corp (SYY)
COM · CUSIP 871829107
0.0%$2.5m30,500
+$400k
0 shares
Held
Netflix Inc. (NFLX)
COM · CUSIP 64110L106
0.0%$2.9m40,000No earlier filingNew
Weyerhaeuser Co (WY)
COM NEW · CUSIP 962166104
0.0%$2.9m120,000
+$2.4m
+102,500 shares
Added
Eagle Matls Inc
COM · CUSIP 26969P108
0.0%$3.3m14,750
+$500k
0 shares
Held
Intercontinental Exchange In
COM · CUSIP 45866F104
0.0%$3.6m28,870
-$1.0m
0 shares
Held
Acuity Inc
COM · CUSIP 00508Y102
0.0%$3.7m9,750
+$900k
0 shares
Held
MGM Resorts International (MGM)
COM · CUSIP 552953101
0.0%$4.2m87,500
+$900k
0 shares
Held
Berkley W R Corp
COM · CUSIP 084423102
0.0%$4.3m60,750
+$300k
0 shares
Held
Brunswick Corp
COM · CUSIP 117043109
0.0%$4.3m51,250
+$600k
0 shares
Held
Zoetis Inc (ZTS)
CL A · CUSIP 98978V103
0.0%$4.8m66,195No earlier filingNew
Eastman Chem Co
COM · CUSIP 277432100
0.0%$5.0m74,950
-$700k
0 shares
Held
Graham HLDGS Co
COM CL B · CUSIP 384637104
0.0%$5.9m5,200
+$400k
0 shares
Held
Canadian Pacific Kansas City
COM · CUSIP 13646K108
0.0%$6.3m73,000
+$1.6m
+13,500 shares
Added
Canadian Natl Ry Co
COM · CUSIP 136375102
0.0%$6.4m53,500
+$900k
0 shares
Held
Sony Group Corp
SPONSORED ADR · CUSIP 835699307
0.1%$6.7m335,000
-$200k
0 shares
Held
Carmax Inc (KMX)
COM · CUSIP 143130102
0.1%$7.2m136,500
+$1.5m
0 shares
Held
Insperity Inc (NSP)
COM · CUSIP 45778Q107
0.1%$7.5m181,336
+$2.6m
0 shares
Held
Exxon Mobil Corp
COM · CUSIP 30231G102
0.1%$7.7m56,100
-$300k
+9,100 shares
Added
Huntington Ingalls Inds Inc
COM · CUSIP 446413106
0.1%$7.7m27,500
-$2.8m
0 shares
Held
Iqvia HLDGS Inc
COM · CUSIP 46266C105
0.1%$9.1m46,900
+$1.1m
0 shares
Held
Otis Worldwide Corp (OTIS)
COM · CUSIP 68902V107
0.1%$9.6m133,620
+$700k
+19,000 shares
Added
Uber Technologies Inc (UBER)
COM · CUSIP 90353T100
0.1%$10m142,500
unchanged
0 shares
Held
Cboe Global MKTS Inc
COM · CUSIP 12503M108
0.1%$11m43,700
-$1.7m
0 shares
Held
Cme Group Inc (CME)
COM · CUSIP 12572Q105
0.1%$11m49,750
-$3.7m
0 shares
Held
Equifax Inc (EFX)
COM · CUSIP 294429105
0.1%$12m72,850
-$1.6m
0 shares
Held
Shopify Inc (SHOP)
CL A SUB VTG SHS · CUSIP 82509L107
0.1%$12m102,750
-$500k
0 shares
Held
Spotify Technology S A (SPOT)
SHS · CUSIP L8681T102
0.1%$12m25,900
-$700k
0 shares
Held
Brown Forman Corp
CL B · CUSIP 115637209
0.1%$13m474,187
+$100k
0 shares
Held
Pepsico Inc (PEP)
COM · CUSIP 713448108
0.1%$13m96,210
-$1.9m
0 shares
Held
Hershey Co (HSY)
COM · CUSIP 427866108
0.1%$13m75,000
-$2.4m
0 shares
Held
Paychex Inc (PAYX)
COM · CUSIP 704326107
0.1%$15m150,000
+$900k
0 shares
Held
Sei Invts Co
COM · CUSIP 784117103
0.1%$15m173,200
+$1.6m
0 shares
Held
Wells Fargo & Co
COM · CUSIP 949746101
0.1%$17m204,450
+$600k
0 shares
Held
Carrier Global Corporation (CARR)
COM · CUSIP 14448C104
0.1%$17m235,000
+$4.0m
0 shares
Held
Bank New York Mellon Corp
COM · CUSIP 064058100
0.1%$18m124,500
+$3.2m
0 shares
Held
Capital One Finl Corp
COM · CUSIP 14040H105
0.1%$18m91,000
+$1.7m
0 shares
Held
NIKE Inc (NKE)
CL B · CUSIP 654106103
0.1%$18m447,400
-$5.3m
0 shares
Held
Hexcel Corp New
COM · CUSIP 428291108
0.1%$19m189,000
+$3.6m
0 shares
Held
Comcast Corp New
CL A · CUSIP 20030N101
0.1%$20m802,074
-$7.9m
-159,806 shares
Trimmed
Accenture PLC Ireland
SHS CLASS A · CUSIP G1151C101
0.2%$20m159,400
-$12m
0 shares
Held
Philip Morris Intl Inc
COM · CUSIP 718172109
0.2%$21m114,500
+$1.8m
0 shares
Held
Enterprise Prods Partners L
COM · CUSIP 293792107
0.2%$21m569,000
+$13m
+367,000 shares
Added
Renaissancere HLDGS LTD
COM · CUSIP G7496G103
0.2%$22m70,000
+$1.4m
0 shares
Held
Brown Forman Corp
CL A · CUSIP 115637100
0.2%$23m843,000
+$500k
0 shares
Held
Crown HLDGS Inc
COM · CUSIP 228368106
0.2%$25m220,000
+$2.5m
0 shares
Held
Comfort Sys USA Inc
COM · CUSIP 199908104
0.2%$26m13,000
+$7.8m
0 shares
Held
Air Products and Chemicals I
COM · CUSIP 009158106
0.2%$26m88,500
+$4.0m
+13,000 shares
Added
Applied Matls Inc
COM · CUSIP 038222105
0.2%$26m36,350
+$14m
0 shares
Held
CSX Corp (CSX)
COM · CUSIP 126408103
0.2%$28m584,500
+$6.0m
+54,500 shares
Added
Verisk Analytics Inc (VRSK)
COM · CUSIP 92345Y106
0.2%$28m155,950
-$1.6m
0 shares
Held
Lamar Advertising Co (LAMR)
CL A · CUSIP 512816109
0.2%$30m193,000
+$5.7m
0 shares
Held
Factset Resh Sys Inc
COM · CUSIP 303075105
0.2%$31m135,376
+$1.8m
0 shares
Held
Sherwin Williams Co (SHW)
COM · CUSIP 824348106
0.2%$32m94,172
+$2.2m
0 shares
Held
Hca Healthcare Inc (HCA)
COM · CUSIP 40412C101
0.3%$33m84,366
-$6.1m
+1,936 shares
Added
Lockheed Martin Corp (LMT)
COM · CUSIP 539830109
0.3%$33m65,213
-$6.2m
0 shares
Held
Airbnb Inc (ABNB)
COM CL A · CUSIP 009066101
0.3%$35m242,389
+$4.1m
0 shares
Held
United Rentals Inc (URI)
COM · CUSIP 911363109
0.3%$35m31,150
+$13m
0 shares
Held
Price T Rowe Group Inc (TROW)
COM · CUSIP 74144T108
0.3%$36m314,000
+$7.4m
0 shares
Held
Hagerty Inc (HGTY)
CL A COM · CUSIP 405166109
0.3%$36m3,108,000
+$3.2m
0 shares
Held
Costco Wholesale Corporation (COST)
COM · CUSIP 22160K105
0.3%$37m39,150
-$2.4m
0 shares
Held
Thermo Fisher Scientific Inc (TMO)
COM · CUSIP 883556102
0.3%$37m73,100
+$3.7m
+6,000 shares
Added
Allstate Corp
COM · CUSIP 020002101
0.3%$37m154,550
+$4.7m
0 shares
Held
Marriott Intl Inc New
CL A · CUSIP 571903202
0.3%$37m99,500
+$6.2m
+5,750 shares
Added
Yum Brands Inc (YUM)
COM · CUSIP 988498101
0.3%$39m245,213
+$1.1m
0 shares
Held
Mercadolibre Inc (MELI)
COM · CUSIP 58733R102
0.3%$41m24,000
+$31m
+18,550 shares
Added
Cisco Sys Inc
COM · CUSIP 17275R102
0.3%$42m355,500
+$14m
0 shares
Held
RTX Corporation (RTX)
COM · CUSIP 75513E101
0.3%$43m224,000
-$700k
0 shares
Held
Ferguson Enterprises Inc
COMMON STOCK NEW · CUSIP 31488V107
0.3%$43m180,200
+$2.9m
+9,500 shares
Added
Union Pac Corp
COM · CUSIP 907818108
0.3%$44m161,028
+$7.3m
+10,750 shares
Added
Aon PLC (AON)
SHS CL A · CUSIP G0403H108
0.3%$45m135,800
+$1.2m
0 shares
Held
S&P Global Inc (SPGI)
COM · CUSIP 78409V104
0.4%$48m117,690
-$2.1m
0 shares
Held
Tyson Foods Inc (TSN)
CL A · CUSIP 902494103
0.4%$52m913,500
-$4.7m
+24,000 shares
Added
Carlyle Group Inc
COM · CUSIP 14316J108
0.4%$56m1,327,000
-$8.3m
0 shares
Held
Investors Title Co NC
COM · CUSIP 461804106
0.4%$58m213,300
+$12m
0 shares
Held
Hanover Ins Group Inc
COM · CUSIP 410867105
0.5%$60m281,000
+$12m
0 shares
Held
Rollins Inc (ROL)
COM · CUSIP 775711104
0.5%$63m1,516,525
-$17m
+18,500 shares
Added
Starbucks Corp (SBUX)
COM · CUSIP 855244109
0.5%$64m623,818
+$7.9m
0 shares
Held
Sunbelt Rentals Holdings Inc (SUNB)
SHS · CUSIP 866966104
0.6%$73m974,361
+$10m
+11,000 shares
Added
Ecolab Inc (ECL)
COM · CUSIP 278865100
0.6%$76m274,300
+$3.5m
0 shares
Held
Rockwell Automation Inc (ROK)
COM · CUSIP 773903109
0.6%$77m154,900
+$21m
0 shares
Held
Msci Inc (MSCI)
COM · CUSIP 55354G100
0.6%$80m142,850
+$3.0m
0 shares
Held
NVR Inc (NVR)
COM · CUSIP 62944T105
0.6%$82m12,097
+$2.8m
+10 shares
Added
JPMorgan Chase & Co
COM · CUSIP 46625H100
0.6%$83m252,550
+$8.4m
0 shares
Held
Illinois Tool WKS Inc
COM · CUSIP 452308109
0.7%$89m327,500
+$3.3m
0 shares
Held
Norfolk Southn Corp
COM · CUSIP 655844108
0.7%$89m282,500
+$7.8m
0 shares
Held
Old Dominion Freight Line In
COM · CUSIP 679580100
0.7%$93m429,150
+$9.1m
0 shares
Held
Moodys Corp
COM · CUSIP 615369105
0.7%$97m213,890
+$3.6m
0 shares
Held
Heico Corp New
CL A · CUSIP 422806208
0.7%$98m379,644
+$18m
0 shares
Held
Brookfield Asset Managmt LTD
CL A LMT VTG SHS · CUSIP 113004105
0.7%$98m2,193,953
+$900k
0 shares
Held
Dollar Gen Corp
COM · CUSIP 256677105
0.8%$100m869,250
-$3.1m
0 shares
Held
Mastercard Incorporated (MA)
CL A · CUSIP 57636Q104
0.8%$107m207,540
+$2.9m
0 shares
Held
Diageo PLC
SPON ADR NEW · CUSIP 25243Q205
0.8%$110m1,372,208
+$8.1m
0 shares
Held
Linde PLC (LIN)
SHS · CUSIP G54950103
0.9%$112m215,600
+$11m
+11,000 shares
Added
Archer Daniels Midland Co (ADM)
COM · CUSIP 039483102
0.9%$115m1,505,800
+$5.6m
0 shares
Held
Apollo Global MGMT Inc
COM · CUSIP 03769M106
0.9%$120m1,012,500
+$7.0m
0 shares
Held
Marsh & Mclennan Cos Inc
COM · CUSIP 571748102
1.0%$127m763,500
-$5.2m
0 shares
Held
Schwab Charles Corp
COM · CUSIP 808513105
1.0%$129m1,394,800
-$1.4m
+11,000 shares
Added

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