whalepapers
Overview/ Markel Group Inc./ Q4 2025

Markel Group Inc.

Tom Gayner · As of Q4 2025 · filed Feb 6, 2026

Q4 2025

Holdings

128 positions · Δ vs prior quarter
GOOG ALPHABET INC-CL C
$862.9M
6.9%
2,749,860 Held
BRK/A BERKSHIRE HATHAWAY INC-CL A
$840.8M
6.7%
1,114 Held
BRK/B BERKSHIRE HATHAWAY INC-CL B
$770.0M
6.1%
1,531,971 Held
BN BROOKFIELD CORP
$599.9M
4.8%
13,073,609 +4,357,868 +50.0% Added
AMZN AMAZON.COM INC
$468.7M
3.7%
2,030,760 Held
DE DEERE & CO
$408.7M
3.3%
877,900 Held
V VISA INC-CLASS A SHARES
$350.5M
2.8%
999,285 Held
AAPL APPLE INC
$333.7M
2.7%
1,227,290 Held
HD HOME DEPOT INC
$316.6M
2.5%
920,000 Held
GS GOLDMAN SACHS GROUP INC
$315.9M
2.5%
359,360 Held
ADI ANALOG DEVICES INC
$277.5M
2.2%
1,023,245 −144,426 −12.4% Reduced
MSFT MICROSOFT CORP
$259.1M
2.1%
535,680 +3,600 +0.7% Added
BLK BLACKROCK INC
$235.7M
1.9%
220,200 Held
DIS WALT DISNEY CO
$231.1M
1.8%
2,031,665 Held
LPLA LPL FINANCIAL HOLDINGS INC
$200.0M
1.6%
559,951 +6,630 +1.2% Added
WSO WATSCO INC
$194.6M
1.6%
577,669 +12,500 +2.2% Added
BX BLACKSTONE INC
$189.4M
1.5%
1,229,000 Held
CAT CATERPILLAR INC
$188.3M
1.5%
328,650 Held
KKR KKR & CO INC
$185.1M
1.5%
1,451,800 Held
AXP AMERICAN EXPRESS CO
$180.7M
1.4%
488,500 +4,250 +0.9% Added
GOOGL ALPHABET INC-CL A
$179.0M
1.4%
572,000 Held
LOW LOWE'S COS INC
$177.1M
1.4%
734,480 +7,750 +1.1% Added
PGR PROGRESSIVE CORP
$171.6M
1.4%
753,750 Held
META META PLATFORMS INC-CLASS A
$163.9M
1.3%
248,303 −31,978 −11.4% Reduced
RLI RLI CORP
$153.2M
1.2%
2,394,544 Held
APO APOLLO GLOBAL MANAGEMENT INC
$146.6M
1.2%
1,012,500 Held
NVO NOVO-NORDISK A/S-SPONS ADR
$146.0M
1.2%
2,869,774 +501,125 +21.2% Added
FNV FRANCO-NEVADA CORP
$141.7M
1.1%
683,500 +78,000 +12.9% Added
MRSH MARSH & MCLENNAN COS
$141.3M
1.1%
761,750 +6,750 +0.9% Added
SCHW SCHWAB (CHARLES) CORP
$137.5M
1.1%
1,375,800 +11,000 +0.8% Added
GD GENERAL DYNAMICS CORP
$131.6M
1.0%
391,000 Held
JNJ JOHNSON & JOHNSON
$126.4M
1.0%
610,800 Held
TXN TEXAS INSTRUMENTS INC
$125.6M
1.0%
724,000 Held
MA MASTERCARD INC - A
$118.5M
0.9%
207,540 Held
DEO DIAGEO PLC-SPONSORED ADR
$118.3M
0.9%
1,371,708 +5,000 +0.4% Added
DG DOLLAR GENERAL CORP
$115.4M
0.9%
869,250 Held
BAM BROOKFIELD ASSET MGMT-A
$114.9M
0.9%
2,193,953 Held
MCO MOODY'S CORP
$109.3M
0.9%
213,890 Held
HEI/A HEICO CORP-CLASS A
$95.8M
0.8%
379,644 Held
ROL ROLLINS INC
$89.4M
0.7%
1,489,025 +13,250 +0.9% Added
NVR NVR INC
$87.6M
0.7%
12,007 +110 +0.9% Added
ADM ARCHER-DANIELS-MIDLAND CO
$86.6M
0.7%
1,505,800 Held
LIN LINDE PLC
$85.3M
0.7%
200,100 +7,250 +3.8% Added
MSCI MSCI INC
$82.0M
0.7%
142,850 Held
JPM JPMORGAN CHASE & CO
$81.4M
0.6%
252,550 Held
ITW ILLINOIS TOOL WORKS
$80.7M
0.6%
327,500 Held
NSC NORFOLK SOUTHERN CORP
$79.0M
0.6%
273,500 +17,000 +6.6% Added
SPGI S&P GLOBAL INC
$78.7M
0.6%
150,690 Held
CG CARLYLE GROUP INC
$78.4M
0.6%
1,327,000 Held
ECL ECOLAB INC
$72.0M
0.6%
274,300 Held
ODFL OLD DOMINION FREIGHT LINE
$66.1M
0.5%
421,650 +62,900 +17.5% Added
ROK ROCKWELL AUTOMATION INC
$60.3M
0.5%
154,900 Held
ITIC INVESTORS TITLE CO
$53.2M
0.4%
213,300 Held
SBUX STARBUCKS CORP
$52.5M
0.4%
623,818 Held
TSN TYSON FOODS INC-CL A
$51.8M
0.4%
884,500 +36,000 +4.2% Added
THG HANOVER INSURANCE GROUP INC/
$51.4M
0.4%
281,000 Held
AON AON PLC-CLASS A
$47.3M
0.4%
134,050 +4,250 +3.3% Added
ACN ACCENTURE PLC-CL A
$42.8M
0.3%
159,400 Held
HGTY HAGERTY INC-A
$41.8M
0.3%
3,108,000 Held
RTX RTX CORP
$41.1M
0.3%
224,000 Held
HCA HCA HEALTHCARE INC
$37.7M
0.3%
80,680 +5,467 +7.3% Added
FERG FERGUSON ENTERPRISES INC
$36.4M
0.3%
163,500 +16,500 +11.2% Added
TMO THERMO FISHER SCIENTIFIC INC
$36.4M
0.3%
62,800 +7,000 +12.5% Added
FDS FACTSET RESEARCH SYSTEMS INC
$35.4M
0.3%
121,873 +5,153 +4.4% Added
VRSK VERISK ANALYTICS INC
$34.9M
0.3%
155,950 Held
YUM YUM! BRANDS INC
$34.3M
0.3%
226,451 Held
COST COSTCO WHOLESALE CORP
$33.8M
0.3%
39,150 Held
UNP UNION PACIFIC CORP
$32.7M
0.3%
141,278 +14,500 +11.4% Added
ABNB AIRBNB INC-CLASS A
$32.6M
0.3%
240,289 +13,156 +5.8% Added
ALL ALLSTATE CORP
$32.2M
0.3%
154,550 Held
TROW T ROWE PRICE GROUP INC
$32.1M
0.3%
314,000 Held
LMT LOCKHEED MARTIN CORP
$31.2M
0.2%
64,513 +2,250 +3.6% Added
SHW SHERWIN-WILLIAMS CO
$30.5M
0.2%
94,172 Held
CMCSA COMCAST CORP-CLASS A
$28.8M
0.2%
961,880 Held
NKE NIKE INC -CL B
$28.5M
0.2%
447,400 Held
MAR MARRIOTT INTERNATIONAL -CL A
$27.8M
0.2%
89,750 +16,500 +22.5% Added
CSCO CISCO SYSTEMS INC
$27.4M
0.2%
355,500 Held
URI UNITED RENTALS INC
$25.2M
0.2%
31,150 Held
LAMR LAMAR ADVERTISING CO-A
$23.4M
0.2%
185,000 +15,000 +8.8% Added
BF/A BROWN-FORMAN CORP-CLASS A
$22.2M
0.2%
843,000 Held
COF CAPITAL ONE FINANCIAL CORP
$22.1M
0.2%
91,000 Held
CCK CROWN HOLDINGS INC
$21.8M
0.2%
212,000 +22,500 +11.9% Added
RNR RENAISSANCERE HOLDINGS LTD
$19.7M
0.2%
70,000 Held
WFC WELLS FARGO & CO
$19.1M
0.2%
204,450 Held
PM PHILIP MORRIS INTERNATIONAL
$18.4M
0.1%
114,500 Held
APD AIR PRODUCTS & CHEMICALS INC
$17.7M
0.1%
71,500 +6,500 +10.0% Added
PAYX PAYCHEX INC
$16.8M
0.1%
150,000 Held
SHOP SHOPIFY INC - CLASS A
$16.5M
0.1%
102,750 Held
CSX CSX CORP
$15.9M
0.1%
440,000 +155,000 +54.4% Added
EFX EQUIFAX INC
$15.8M
0.1%
72,850 Held
SPOT SPOTIFY TECHNOLOGY SA
$15.0M
0.1%
25,900 Held
SEIC SEI INVESTMENTS COMPANY
$14.2M
0.1%
173,200 Held
BNY BANK OF NEW YORK MELLON CORP
$14.1M
0.1%
121,500 Held
HXL HEXCEL CORP
$14.0M
0.1%
189,000 Held
PEP PEPSICO INC
$13.8M
0.1%
96,210 Held
TGT TARGET CORP
$13.0M
0.1%
133,000 Held
CME CME GROUP INC
$12.5M
0.1%
45,750 +13,750 +43.0% Added
CARR CARRIER GLOBAL CORP
$12.4M
0.1%
235,000 Held
BF/B BROWN-FORMAN CORP-CLASS B
$12.4M
0.1%
474,187 Held
HSY HERSHEY CO
$12.3M
0.1%
67,500 +13,000 +23.9% Added
FIX COMFORT SYSTEMS USA INC
$12.1M
0.1%
13,000 Held
UBER UBER TECHNOLOGIES INC
$11.4M
0.1%
140,000 +16,500 +13.4% Added
CHH CHOICE HOTELS INTL INC
$11.0M
0.1%
115,500 Held
IQV IQVIA HOLDINGS INC
$10.6M
0.1%
46,900 Held
CBOE CBOE GLOBAL MARKETS INC
$10.5M
0.1%
41,750 +13,250 +46.5% Added
OTIS OTIS WORLDWIDE CORP
$10.0M
0.1%
114,620 Held
SMG SCOTTS MIRACLE-GRO CO
$9.8M
0.1%
168,000 Held
AMAT APPLIED MATERIALS INC
$8.8M
0.1%
34,100 +7,850 +29.9% Added
UNH UNITEDHEALTH GROUP INC
$8.7M
0.1%
26,500 Held
HII HUNTINGTON INGALLS INDUSTRIE
$8.7M
0.1%
25,500 +5,000 +24.4% Added
SONY SONY GROUP CORP - SP ADR
$8.6M
0.1%
335,000 Held
NSP INSPERITY INC
$5.9M
0.0%
152,873 +21,145 +16.1% Added
GHC GRAHAM HOLDINGS CO-CLASS B
$5.7M
0.0%
5,200 Held
KMX CARMAX INC
$5.3M
0.0%
136,500 Held
EMN EASTMAN CHEMICAL CO
$4.8M
0.0%
74,950 Held
EXMOC EXXON MOBIL CORP
$4.6M
0.0%
38,000 +35,000 +1166.7% Added
CNI CANADIAN NATL RAILWAY CO
$4.4M
0.0%
44,500 +19,500 +78.0% Added
WRB WR BERKLEY CORP
$4.3M
0.0%
60,750 Held
CP CANADIAN PACIFIC KANSAS CITY
$3.7M
0.0%
50,500 +19,500 +62.9% Added
BC BRUNSWICK CORP
$3.5M
0.0%
47,750 +14,250 +42.5% Added
AYI ACUITY INC
$3.5M
0.0%
9,750 Held
ICE INTERCONTINENTAL EXCHANGE IN
$3.4M
0.0%
20,870 +15,250 +271.4% Added
MGM MGM RESORTS INTERNATIONAL
$3.2M
0.0%
87,500 Held
EXP EAGLE MATERIALS INC
$3.0M
0.0%
14,750 Held
DPZ DOMINO'S PIZZA INC
$2.3M
0.0%
5,500 Held
SYY SYSCO CORP
$2.2M
0.0%
30,500 Held
BRO BROWN & BROWN INC
$877K
0.0%
11,000 +11,000 New
TRU TRANSUNION
$172K
0.0%
2,000 −99,050 −98.0% Reduced

Sold positions

2 closed in Q4 2025 · shares & value as of prior filing
Holding Shares sold Prior value
FDX FEDEX CORP
213,000 $50.2M
ADBE ADOBE INC
14,000 $4.9M

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.