WhaleCreep

Markel Group 13F holdings, Q2 2008

Investment holding companySEC filingsCompare with another fundHoldings as of 2008-06-30, filed 2008-08-13

Markel Group disclosed 80 US equity positions worth $611.5m in its Q2 2008 13F filing. Its largest position is Fairfax Financial Holdings Ltd at 11.6% of the reported book, followed by Exxon Corporation and GD. Versus Q1 2008 it opened 7 new positions, added to 9, reduced 16 and exited 4.

$612m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
80
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.6%
Largest position
The largest single position as a share of the reported equity book.
50.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
26
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
75
Quarters on file since Q4 2007
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q1 2008: 7 new, 9 added, 16 reduced, 4 exited

50 of 80
Fairfax Financial Holdings Ltd no ticker–11.6%$71.0m279,4590.0%held
Exxon Corporation no ticker–5.5%$33.6m381,193+2.7%added
GD GENERAL DYNAMICS CORPIndustrials5.4%$33.2m394,4090.0%held
RLI RLI CORPFinancial Services5.0%$30.9m623,841−1.0%reduced
LandAmerica Financial Group no ticker–4.6%$28.4m1.28m+38%added
FOREST CITY ENTERPRISES INC no ticker–4.3%$26.2m812,4670.0%held
W.P. Carey no ticker–4.0%$24.7m860,000−9.4%reduced
Berkshire Hathaway no ticker–3.8%$23.2m5,792+69%added
BF/A BROWN FORMAN CORP–3.5%$21.6m283,8600.0%held
UPS UNITED PARCEL SERVICE INCIndustrials2.8%$17.2m280,0000.0%held
PLUM CREEK TIMBER CO INC no ticker–2.5%$15.2m356,000+0.1%held
WHITE MTNS INS GROUP LTD no ticker–2.4%$14.6m33,975−8.1%reduced
MCGRAW HILL FINL INC no ticker–2.2%$13.7m340,800−26%reduced
AFL AFLAC INCFinancial Services2.1%$12.9m205,000+583%added
ADP AUTOMATIC DATA PROCESSING INTechnology2.1%$12.8m306,6000.0%held
BRK/A BERKSHIRE HATHAWAY INC DEL–2.1%$12.7m1050.0%held
FNF FIDELITY NATIONAL FINANCIALFinancial Services2.1%$12.6m1.00m0.0%held
BAC BANK OF AMER CORPFinancial Services2.0%$12.5m525,0000.0%held
GE GENERAL ELECTRIC COIndustrials2.0%$12.1m455,0000.0%held
ELME ELME COMMUNITIESReal Estate2.0%$12.1m403,575−0.2%held
ITIC INVESTORS TITLE COFinancial Services1.8%$11.1m229,350−0.3%held
CMCSA COMCAST CORP NEWCommunication Services1.7%$10.6m557,5000.0%held
ITW ILLINOIS TOOL WKS INCIndustrials1.6%$10.0m210,0000.0%held
CAT CATERPILLAR INCIndustrials1.6%$10.0m135,0000.0%held
EMR Emerson Electric Inc.Industrials1.3%$7.9m159,300+62%added
BROOKFIELD ASSET MGMT INC no ticker–1.3%$7.7m237,205+14%added
CINF CINCINNATI FINL CORPFinancial Services1.2%$7.6m300,906−31%reduced
XL Capital no ticker–1.2%$7.2m349,230−26%reduced
BRO BROWN & BROWN INCFinancial Services1.0%$6.4m365,6280.0%held
INTERNATIONAL GAME TECHNOLOG no ticker–1.0%$6.2m250,0000.0%held
PM PHILIP MORRIS INTL INCConsumer Defensive0.9%$5.8m116,7000.0%held
JNJ JOHNSON & JOHNSONHealthcare0.8%$4.8m75,0000.0%held
MAR MARRIOTT INTL INC NEWConsumer Cyclical0.8%$4.6m175,000+13%added
WMT WALMART INCConsumer Defensive0.6%$3.9m70,0000.0%held
LEUCADIA NATL CORP no ticker–0.6%$3.5m75,0000.0%held
Citigroup no ticker–0.6%$3.4m205,500+0.2%held
Allied Capital no ticker–0.5%$3.3m234,699−38%reduced
SAP SAP SETechnology0.5%$3.2m61,300+104%added
Washington Post Co no ticker–0.5%$3.2m5,4250.0%held
NKE NIKE INCConsumer Cyclical0.5%$3.0m50,200–new
News Corporation no ticker–0.4%$2.6m169,300−42%reduced
STT STATE STR CORPFinancial Services0.4%$2.6m40,4000.0%held
MO ALTRIA GROUP INCConsumer Defensive0.4%$2.4m116,7000.0%held
SYY SYSCO CORPConsumer Defensive0.4%$2.3m85,0000.0%held
KMX CARMAX INCConsumer Cyclical0.4%$2.3m160,0000.0%held
DEO DIAGEO PLCConsumer Defensive0.4%$2.2m30,0000.0%held
PEP PEPSICO INCConsumer Defensive0.3%$2.1m33,5000.0%held
LOW LOWES COS INCConsumer Cyclical0.3%$2.0m95,0000.0%held
Enterprise GP Holdings no ticker–0.3%$2.0m65,500–new
NUSTAR GP HOLDINGS LLC no ticker–0.3%$1.9m90,000+13%added

Exited since Q1 2008

4 rows
ISCAUSD INTERNATIONAL SPEEDWAY CORP0.4%$2.4m
Anheuser Busch no ticker0.1%$949k
American International Group no ticker0.1%$865k
Wachovia no ticker0.05%$346k

Sector mix

  • Unclassified54.5%
  • Financial Services17.3%
  • Industrials15.0%
  • Consumer Defensive3.1%
  • Technology3.1%
  • Consumer Cyclical2.1%
  • Real Estate2.0%
  • Communication Services1.9%
  • Healthcare0.8%
  • Energy0.1%
  • Basic Materials0.04%

Book over time

Every quarter on file (75)
QuarterPositionsEquity book
Q2 2026130$13.1bn
Q1 2026129$11.9bn
Q4 2025128$12.5bn
Q3 2025129$12.3bn
Q2 2025137$11.8bn
Q1 2025135$11.3bn
Q4 2024132$11.3bn
Q3 2024132$11.1bn
Q2 2024134$10.2bn
Q1 2024132$10.1bn
Q4 2023128$9.2bn
Q3 2023133$8.3bn
Q2 2023131$8.4bn
Q1 2023131$7.9bn
Q4 2022134$7.5bn
Q3 2022131$6.8bn
Q2 2022131$7.0bn
Q1 2022126$8.4bn
Q4 2021120$8.7bn
Q3 2021125$7.9bn
Q2 2021125$7.9bn
Q1 2021118$7.2bn
Q4 2020115$6.7bn
Q3 2020113$5.9bn
Q2 2020113$5.4bn
Q1 2020130$5.3bn
Q4 2019134$7.2bn
Q3 2019132$6.6bn
Q2 2019137$6.5bn
Q1 2019133$6.0bn
Q4 2018132$5.2bn
Q3 2018131$5.9bn
Q2 2018133$5.4bn
Q1 2018137$5.3bn
Q4 2017138$5.3bn
Q3 2017139$5.0bn
Q2 2017138$4.7bn
Q1 2017133$4.4bn
Q4 2016133$4.1bn
Q3 2016129$3.9bn
Q2 2016130$3.8bn
Q1 2016129$3.7bn
Q4 2015130$3.7bn
Q3 2015121$3.8bn
Q2 2015112$4.0bn
Q1 2015107$4.0bn
Q4 2014107$3.7bn
Q3 2014104$3.5bn
Q2 2014105$3.5bn
Q1 2014105$3.3bn
Q4 2013109$3.2bn
Q3 2013107$2.9bn
Q2 2013107$2.8bn
Q1 201395$1.3bn
Q4 201296$1.2bn
Q3 201290$1.1bn
Q2 201293$1.0bn
Q1 201293$1.0bn
Q4 201189$885m
Q3 201186$763m
Q2 201181$855m
Q1 201180$831m
Q4 201081$828m
Q3 201079$726m
Q2 201077$682m
Q1 201076$750m
Q4 200976$631m
Q3 200975$598m
Q2 200973$494m
Q1 200973$443m
Q4 200874$527m
Q3 200879$646m
Q2 200880$612m
Q1 200877$675m
Q4 200772$748m

Where Markel Group was early

26 rows
EMR Emerson ElectricQ1 20081 of 1490.7%1.3%35Exited by Q4 2016+5.9%
DIS DISNEY WALT COQ1 20086 of 2530.6%5.0%74Held at last filing, Q2 2026+207%
PM PHILIP MORRIS INTL INCQ1 200812 of 1690.9%1.0%74Held at last filing, Q2 2026+258%
SLB SchlumbergerQ3 200812 of 2110.2%1.4%37Exited by Q4 2017−11%
MCD McDonaldsQ2 20094 of 1920.3%2.2%26Exited by Q4 2015+71%
EXMOC EXXON MOBIL CORPQ3 20096 of 1932.3%2.8%37Held at last filing, Q2 2026+99%
NVO NOVO-NORDISK A SQ4 20092 of 1511.7%3.5%67Held at last filing, Q2 2026+651%
BUD ANHEUSER BUSCH INBEV SA/NVQ1 20101 of 1290.5%3.1%35Exited by Q3 2025+36%
BRK/B BERKSHIRE HATHAWAY INC DELQ1 20103 of 1804.2%7.2%66Held at last filing, Q2 2026+516%
TEVA Teva PharmaceuticalsQ2 201014 of 1820.5%2.4%18Exited by Q4 2014+3.4%
V VISA INCQ4 201022 of 2840.04%3.4%63Held at last filing, Q2 2026+1850%
WSO WATSCO INCQ1 20113 of 1140.04%2.7%53Held at last filing, Q2 2026+498%
LII Lennox InternationalQ3 20112 of 1190.4%1.2%6Exited by Q1 2013+104%
ECL ECOLAB INCQ3 201112 of 1380.2%1.1%60Held at last filing, Q2 2026+470%
ADM ARCHER DANIELS MIDLAND COQ1 20122 of 1361.2%3.4%58Held at last filing, Q2 2026+141%
WPC W.P. CareyQ4 20121 of 960.2%2.3%23Exited by Q3 2018+27%
UNH UNITEDHEALTH GROUP INCQ1 201312 of 2991.7%3.0%39Exited by Q2 2026+373%
BLK BLACKROCK INCQ2 20134 of 1550.08%2.4%53Held at last filing, Q2 2026+274%
CPRT Copart IncQ3 201311 of 1780.01%1.2%12Exited by Q3 2016+54%
DE DEERE & COQ3 20142 of 1851.2%4.3%48Held at last filing, Q2 2026+674%
WBA Walgreens Boots Alliance IncQ4 20149 of 2064.4%4.9%22Exited by Q2 2020−40%
ADI ANALOG DEVICES INCQ1 20169 of 2020.09%3.0%42Held at last filing, Q2 2026+571%
TXN TEXAS INSTRS INCQ1 201612 of 2020.09%1.9%42Held at last filing, Q2 2026+419%
BX BLACKSTONE INCQ3 201913 of 2060.9%1.9%28Held at last filing, Q2 2026+141%
BAM BROOKFIELD ASSET MANAGMT LTDQ4 20225 of 970.8%1.0%15Held at last filing, Q2 2026+56%
BN BROOKFIELD CORPQ4 20226 of 1153.7%4.9%15Held at last filing, Q2 2026+103%

Concentration and tenure

7.0%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
42.9%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
8
Median completed holding, quarters