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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 2 of 2

PositionWeightValueSharesChange on the quarterAction
Spotify Technology S A (SPOT)
SHS · CUSIP L8681T102
0.1%$12m25,900
-$700k
0 shares
Held
Shopify Inc (SHOP)
CL A SUB VTG SHS · CUSIP 82509L107
0.1%$12m102,750
-$500k
0 shares
Held
Equifax Inc (EFX)
COM · CUSIP 294429105
0.1%$12m72,850
-$1.6m
0 shares
Held
Cme Group Inc (CME)
COM · CUSIP 12572Q105
0.1%$11m49,750
-$3.7m
0 shares
Held
Cboe Global MKTS Inc
COM · CUSIP 12503M108
0.1%$11m43,700
-$1.7m
0 shares
Held
Uber Technologies Inc (UBER)
COM · CUSIP 90353T100
0.1%$10m142,500
unchanged
0 shares
Held
Otis Worldwide Corp (OTIS)
COM · CUSIP 68902V107
0.1%$9.6m133,620
+$700k
+19,000 shares
Added
Iqvia HLDGS Inc
COM · CUSIP 46266C105
0.1%$9.1m46,900
+$1.1m
0 shares
Held
Huntington Ingalls Inds Inc
COM · CUSIP 446413106
0.1%$7.7m27,500
-$2.8m
0 shares
Held
Exxon Mobil Corp
COM · CUSIP 30231G102
0.1%$7.7m56,100
-$300k
+9,100 shares
Added
Insperity Inc (NSP)
COM · CUSIP 45778Q107
0.1%$7.5m181,336
+$2.6m
0 shares
Held
Carmax Inc (KMX)
COM · CUSIP 143130102
0.1%$7.2m136,500
+$1.5m
0 shares
Held
Sony Group Corp
SPONSORED ADR · CUSIP 835699307
0.1%$6.7m335,000
-$200k
0 shares
Held
Canadian Natl Ry Co
COM · CUSIP 136375102
0.0%$6.4m53,500
+$900k
0 shares
Held
Canadian Pacific Kansas City
COM · CUSIP 13646K108
0.0%$6.3m73,000
+$1.6m
+13,500 shares
Added
Graham HLDGS Co
COM CL B · CUSIP 384637104
0.0%$5.9m5,200
+$400k
0 shares
Held
Eastman Chem Co
COM · CUSIP 277432100
0.0%$5.0m74,950
-$700k
0 shares
Held
Zoetis Inc (ZTS)
CL A · CUSIP 98978V103
0.0%$4.8m66,195No earlier filingNew
Brunswick Corp
COM · CUSIP 117043109
0.0%$4.3m51,250
+$600k
0 shares
Held
Berkley W R Corp
COM · CUSIP 084423102
0.0%$4.3m60,750
+$300k
0 shares
Held
MGM Resorts International (MGM)
COM · CUSIP 552953101
0.0%$4.2m87,500
+$900k
0 shares
Held
Acuity Inc
COM · CUSIP 00508Y102
0.0%$3.7m9,750
+$900k
0 shares
Held
Intercontinental Exchange In
COM · CUSIP 45866F104
0.0%$3.6m28,870
-$1.0m
0 shares
Held
Eagle Matls Inc
COM · CUSIP 26969P108
0.0%$3.3m14,750
+$500k
0 shares
Held
Weyerhaeuser Co (WY)
COM NEW · CUSIP 962166104
0.0%$2.9m120,000
+$2.4m
+102,500 shares
Added
Netflix Inc. (NFLX)
COM · CUSIP 64110L106
0.0%$2.9m40,000No earlier filingNew
Sysco Corp (SYY)
COM · CUSIP 871829107
0.0%$2.5m30,500
+$400k
0 shares
Held
Dominos Pizza Inc (DPZ)
COM · CUSIP 25754A201
0.0%$1.6m5,500
-$300k
0 shares
Held
Brown & Brown Inc (BRO)
COM · CUSIP 115236101
0.0%$900k14,000
unchanged
0 shares
Held
Ufp Industries Inc (UFPI)
COM · CUSIP 90278Q108
0.0%$400k4,000No earlier filingNew

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.

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.

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