whalepapers
Overview/ Markel Group Inc./ Q3 2025

Markel Group Inc.

Tom Gayner · As of Q3 2025 · filed Oct 31, 2025

Q3 2025

Holdings

129 positions · Δ vs prior quarter
BRK/A BERKSHIRE HATHAWAY INC-CL A
$840.2M
6.8%
1,114 Held
BRK/B BERKSHIRE HATHAWAY INC-CL B
$770.2M
6.3%
1,531,971 Held
GOOG ALPHABET INC-CL C
$669.7M
5.4%
2,749,860 Held
BN BROOKFIELD CORP
$597.7M
4.9%
8,715,741 Held
AMZN AMAZON.COM INC
$445.9M
3.6%
2,030,760 Held
DE DEERE & CO
$401.4M
3.3%
877,900 Held
HD HOME DEPOT INC
$372.8M
3.0%
920,000 Held
V VISA INC-CLASS A SHARES
$341.1M
2.8%
999,285 Held
AAPL APPLE INC
$312.5M
2.5%
1,227,290 Held
ADI ANALOG DEVICES INC
$286.9M
2.3%
1,167,671 Held
GS GOLDMAN SACHS GROUP INC
$286.2M
2.3%
359,360 Held
MSFT MICROSOFT CORP
$275.6M
2.2%
532,080 +4,600 +0.9% Added
BLK BLACKROCK INC
$256.7M
2.1%
220,200 Held
DIS WALT DISNEY CO
$232.6M
1.9%
2,031,665 Held
WSO WATSCO INC
$228.5M
1.9%
565,169 Held
BX BLACKSTONE INC
$210.0M
1.7%
1,229,000 Held
META META PLATFORMS INC-CLASS A
$205.8M
1.7%
280,281 Held
KKR KKR & CO INC
$188.7M
1.5%
1,451,800 Held
PGR PROGRESSIVE CORP
$186.1M
1.5%
753,750 Held
LPLA LPL FINANCIAL HOLDINGS INC
$184.1M
1.5%
553,321 +8,717 +1.6% Added
LOW LOWE'S COS INC
$182.6M
1.5%
726,730 +9,500 +1.3% Added
AXP AMERICAN EXPRESS CO
$160.8M
1.3%
484,250 Held
CAT CATERPILLAR INC
$156.8M
1.3%
328,650 Held
RLI RLI CORP
$156.2M
1.3%
2,394,544 Held
MRSH MARSH & MCLENNAN COS
$152.2M
1.2%
755,000 +6,250 +0.8% Added
GOOGL ALPHABET INC-CL A
$139.1M
1.1%
572,000 Held
FNV FRANCO-NEVADA CORP
$135.0M
1.1%
605,500 +36,000 +6.3% Added
APO APOLLO GLOBAL MANAGEMENT INC
$134.9M
1.1%
1,012,500 Held
GD GENERAL DYNAMICS CORP
$133.3M
1.1%
391,000 Held
TXN TEXAS INSTRUMENTS INC
$133.0M
1.1%
724,000 Held
NVO NOVO-NORDISK A/S-SPONS ADR
$131.4M
1.1%
2,368,649 +110,061 +4.9% Added
DEO DIAGEO PLC-SPONSORED ADR
$130.4M
1.1%
1,366,708 Held
SCHW SCHWAB (CHARLES) CORP
$130.3M
1.1%
1,364,800 Held
BAM BROOKFIELD ASSET MGMT-A
$124.9M
1.0%
2,193,953 Held
MA MASTERCARD INC - A
$118.1M
1.0%
207,540 Held
JNJ JOHNSON & JOHNSON
$113.3M
0.9%
610,800 Held
MCO MOODY'S CORP
$101.9M
0.8%
213,890 Held
HEI/A HEICO CORP-CLASS A
$96.5M
0.8%
379,644 Held
NVR NVR INC
$95.6M
0.8%
11,897 Held
LIN LINDE PLC
$91.6M
0.7%
192,850 +6,250 +3.3% Added
ADM ARCHER-DANIELS-MIDLAND CO
$90.0M
0.7%
1,505,800 −68,000 −4.3% Reduced
DG DOLLAR GENERAL CORP
$89.8M
0.7%
869,250 Held
ROL ROLLINS INC
$86.7M
0.7%
1,475,775 +6,500 +0.4% Added
ITW ILLINOIS TOOL WORKS
$85.4M
0.7%
327,500 Held
CG CARLYLE GROUP INC
$83.2M
0.7%
1,327,000 Held
MSCI MSCI INC
$81.1M
0.7%
142,850 Held
JPM JPMORGAN CHASE & CO
$79.7M
0.6%
252,550 Held
NSC NORFOLK SOUTHERN CORP
$77.1M
0.6%
256,500 +20,000 +8.5% Added
ECL ECOLAB INC
$75.1M
0.6%
274,300 Held
SPGI S&P GLOBAL INC
$73.3M
0.6%
150,690 Held
ITIC INVESTORS TITLE CO
$57.1M
0.5%
213,300 Held
ROK ROCKWELL AUTOMATION INC
$54.1M
0.4%
154,900 Held
SBUX STARBUCKS CORP
$52.8M
0.4%
623,818 Held
THG HANOVER INSURANCE GROUP INC/
$51.0M
0.4%
281,000 Held
ODFL OLD DOMINION FREIGHT LINE
$50.5M
0.4%
358,750 +16,300 +4.8% Added
FDX FEDEX CORP
$50.2M
0.4%
213,000 Held
AON AON PLC-CLASS A
$46.3M
0.4%
129,800 Held
TSN TYSON FOODS INC-CL A
$46.1M
0.4%
848,500 +32,500 +4.0% Added
ACN ACCENTURE PLC-CL A
$39.3M
0.3%
159,400 Held
VRSK VERISK ANALYTICS INC
$39.2M
0.3%
155,950 Held
RTX RTX CORP
$37.5M
0.3%
224,000 Held
HGTY HAGERTY INC-A
$37.5M
0.3%
3,108,000 Held
COST COSTCO WHOLESALE CORP
$36.2M
0.3%
39,150 Held
YUM YUM! BRANDS INC
$34.4M
0.3%
226,451 Held
FDS FACTSET RESEARCH SYSTEMS INC
$33.4M
0.3%
116,720 Held
ALL ALLSTATE CORP
$33.2M
0.3%
154,550 Held
FERG FERGUSON ENTERPRISES INC
$33.0M
0.3%
147,000 +12,500 +9.3% Added
SHW SHERWIN-WILLIAMS CO
$32.6M
0.3%
94,172 Held
TROW T ROWE PRICE GROUP INC
$32.2M
0.3%
314,000 Held
HCA HCA HEALTHCARE INC
$32.1M
0.3%
75,213 +6,250 +9.1% Added
NKE NIKE INC -CL B
$31.2M
0.3%
447,400 Held
LMT LOCKHEED MARTIN CORP
$31.1M
0.3%
62,263 Held
CMCSA COMCAST CORP-CLASS A
$30.2M
0.2%
961,880 Held
UNP UNION PACIFIC CORP
$30.0M
0.2%
126,778 +29,500 +30.3% Added
URI UNITED RENTALS INC
$29.7M
0.2%
31,150 Held
ABNB AIRBNB INC-CLASS A
$27.6M
0.2%
227,133 +15,130 +7.1% Added
TMO THERMO FISHER SCIENTIFIC INC
$27.1M
0.2%
55,800 +6,250 +12.6% Added
CSCO CISCO SYSTEMS INC
$24.3M
0.2%
355,500 +6,000 +1.7% Added
BF/A BROWN-FORMAN CORP-CLASS A
$22.7M
0.2%
843,000 Held
LAMR LAMAR ADVERTISING CO-A
$20.8M
0.2%
170,000 +12,000 +7.6% Added
COF CAPITAL ONE FINANCIAL CORP
$19.3M
0.2%
91,000 Held
MAR MARRIOTT INTERNATIONAL -CL A
$19.1M
0.2%
73,250 +13,000 +21.6% Added
PAYX PAYCHEX INC
$19.0M
0.2%
150,000 Held
EFX EQUIFAX INC
$18.7M
0.2%
72,850 Held
PM PHILIP MORRIS INTERNATIONAL
$18.6M
0.2%
114,500 Held
CCK CROWN HOLDINGS INC
$18.3M
0.1%
189,500 Held
SPOT SPOTIFY TECHNOLOGY SA
$18.1M
0.1%
25,900 Held
RNR RENAISSANCERE HOLDINGS LTD
$17.8M
0.1%
70,000 Held
APD AIR PRODUCTS & CHEMICALS INC
$17.7M
0.1%
65,000 Held
WFC WELLS FARGO & CO
$17.1M
0.1%
204,450 Held
SHOP SHOPIFY INC - CLASS A
$15.3M
0.1%
102,750 Held
SEIC SEI INVESTMENTS COMPANY
$14.7M
0.1%
173,200 Held
CARR CARRIER GLOBAL CORP
$14.0M
0.1%
235,000 Held
PEP PEPSICO INC
$13.5M
0.1%
96,210 Held
BNY BANK OF NEW YORK MELLON CORP
$13.2M
0.1%
121,500 Held
BF/B BROWN-FORMAN CORP-CLASS B
$12.8M
0.1%
474,187 Held
CHH CHOICE HOTELS INTL INC
$12.3M
0.1%
115,500 Held
UBER UBER TECHNOLOGIES INC
$12.1M
0.1%
123,500 Held
TGT TARGET CORP
$11.9M
0.1%
133,000 Held
HXL HEXCEL CORP
$11.9M
0.1%
189,000 Held
FIX COMFORT SYSTEMS USA INC
$10.7M
0.1%
13,000 Held
OTIS OTIS WORLDWIDE CORP
$10.5M
0.1%
114,620 Held
HSY HERSHEY CO
$10.2M
0.1%
54,500 Held
CSX CSX CORP
$10.1M
0.1%
285,000 +220,000 +338.5% Added
SONY SONY GROUP CORP - SP ADR
$9.6M
0.1%
335,000 Held
SMG SCOTTS MIRACLE-GRO CO
$9.6M
0.1%
168,000 Held
UNH UNITEDHEALTH GROUP INC
$9.2M
0.1%
26,500 Held
IQV IQVIA HOLDINGS INC
$8.9M
0.1%
46,900 −2,742 −5.5% Reduced
CME CME GROUP INC
$8.6M
0.1%
32,000 +9,500 +42.2% Added
TRU TRANSUNION
$8.5M
0.1%
101,050 Held
CBOE CBOE GLOBAL MARKETS INC
$7.0M
0.1%
28,500 +9,500 +50.0% Added
NSP INSPERITY INC
$6.5M
0.1%
131,728 Held
KMX CARMAX INC
$6.1M
0.0%
136,500 Held
GHC GRAHAM HOLDINGS CO-CLASS B
$6.1M
0.0%
5,200 Held
HII HUNTINGTON INGALLS INDUSTRIE
$5.9M
0.0%
20,500 Held
AMAT APPLIED MATERIALS INC
$5.4M
0.0%
26,250 +9,750 +59.1% Added
ADBE ADOBE INC
$4.9M
0.0%
14,000 Held
EMN EASTMAN CHEMICAL CO
$4.7M
0.0%
74,950 Held
WRB WR BERKLEY CORP
$4.7M
0.0%
60,750 Held
EXP EAGLE MATERIALS INC
$3.4M
0.0%
14,750 +5,750 +63.9% Added
AYI ACUITY INC
$3.4M
0.0%
9,750 Held
MGM MGM RESORTS INTERNATIONAL
$3.0M
0.0%
87,500 Held
SYY SYSCO CORP
$2.5M
0.0%
30,500 +6,500 +27.1% Added
DPZ DOMINO'S PIZZA INC
$2.4M
0.0%
5,500 Held
CNI CANADIAN NATL RAILWAY CO
$2.4M
0.0%
25,000 +25,000 New
CP CANADIAN PACIFIC KANSAS CITY
$2.3M
0.0%
31,000 +31,000 New
BC BRUNSWICK CORP
$2.1M
0.0%
33,500 +4,000 +13.6% Added
ICE INTERCONTINENTAL EXCHANGE IN
$947K
0.0%
5,620 +500 +9.8% Added
EXMOC EXXON MOBIL CORP
$338K
0.0%
3,000 +3,000 New

Sold positions

11 closed in Q3 2025 · shares & value as of prior filing
Holding Shares sold Prior value
MMM 3M CO
118,250 $18.0M
OI O-I GLASS INC
473,700 $7.0M
CE CELANESE CORP
81,300 $4.5M
GPK GRAPHIC PACKAGING HOLDING CO
174,000 $3.7M
BALL BALL CORP
51,000 $2.9M
WTW WILLIS TOWERS WATSON PLC
8,627 $2.6M
IT GARTNER INC
5,700 $2.3M
INTU INTUIT INC
2,720 $2.1M
CSGP COSTAR GROUP INC
18,600 $1.5M
EL ESTEE LAUDER COMPANIES-CL A
15,000 $1.2M
BUD ANHEUSER-BUSCH INBEV-SPN ADR
11,000 $756K

Holdings reflect long positions disclosed in 13F filings only and exclude short positions, cash, and other non-13F assets. Holdings data sourced from SEC EDGAR. Not investment advice. Full disclaimer.