WhaleCreep

Markel Group 13F holdings, Q4 2008

Investment holding companySEC filingsCompare with another fundHoldings as of 2008-12-31, filed 2009-02-09

Markel Group disclosed 74 US equity positions worth $527.1m in its Q4 2008 13F filing. Its largest position is Fairfax Financial Holdings Ltd at 16.6% of the reported book, followed by RLI and Exxon Corporation. Versus Q3 2008 it opened 3 new positions, added to 22, reduced 7 and exited 8.

$527m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
74
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
16.6%
Largest position
The largest single position as a share of the reported equity book.
56.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
19
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 Q3 2008: 3 new, 22 added, 7 reduced, 8 exited

50 of 74
Fairfax Financial Holdings Ltd no ticker–16.6%$87.6m279,4590.0%held
RLI RLI CORPFinancial Services7.2%$37.9m620,266−0.3%held
Exxon Corporation no ticker–5.8%$30.4m381,2930.0%held
BRK/A BERKSHIRE HATHAWAY INC DEL–5.0%$26.6m275+162%added
Berkshire Hathaway no ticker–4.7%$24.8m7,702+33%added
GD GENERAL DYNAMICS CORPIndustrials4.3%$22.7m393,813−0.2%held
W.P. Carey no ticker–3.8%$20.1m860,0000.0%held
DEO DIAGEO PLCConsumer Defensive3.5%$18.6m328,500+995%added
JNJ JOHNSON & JOHNSONHealthcare3.2%$16.8m280,000+273%added
FNF FIDELITY NATIONAL FINANCIALFinancial Services2.7%$14.3m806,500−19%reduced
BF/A BROWN FORMAN CORP–2.7%$14.2m283,8600.0%held
UPS UNITED PARCEL SERVICE INCIndustrials2.4%$12.7m229,820−18%reduced
ADP AUTOMATIC DATA PROCESSING INTechnology2.3%$12.0m306,100−0.2%held
ELME ELME COMMUNITIESReal Estate2.2%$11.4m403,075−0.2%held
NUSTAR GP HOLDINGS LLC no ticker–2.0%$10.3m585,000+485%added
WHITE MTNS INS GROUP LTD no ticker–1.9%$10.0m37,600+25%added
BAC BANK OF AMER CORPFinancial Services1.9%$10.0m709,887+35%added
CAT CATERPILLAR INCIndustrials1.7%$9.2m205,500+47%added
ITIC INVESTORS TITLE COFinancial Services1.6%$8.5m228,850−0.2%held
ITW ILLINOIS TOOL WKS INCIndustrials1.6%$8.5m243,110+16%added
SCHW SCHWAB CHARLES CORPFinancial Services1.6%$8.2m505,300+819%added
NTRS NORTHERN TR CORPFinancial Services1.4%$7.3m140,000+600%added
WMT WALMART INCConsumer Defensive1.2%$6.5m116,425+66%added
EMR Emerson Electric Inc.Industrials1.1%$5.9m162,200+1.8%added
FOREST CITY ENTERPRISES INC no ticker–1.1%$5.7m844,967+4.0%added
PLUM CREEK TIMBER CO INC no ticker–1.0%$5.2m150,000−58%reduced
MCGRAW HILL FINL INC no ticker–1.0%$5.1m220,0000.0%held
PM PHILIP MORRIS INTL INCConsumer Defensive1.0%$5.1m116,7000.0%held
AFL AFLAC INCFinancial Services0.9%$4.8m105,0000.0%held
GE GENERAL ELECTRIC COIndustrials0.9%$4.8m295,000−35%reduced
BROOKFIELD ASSET MGMT INC no ticker–0.9%$4.6m300,000+21%added
DIS DISNEY WALT COCommunication Services0.9%$4.5m200,000+471%added
LEUCADIA NATL CORP no ticker–0.8%$4.2m212,900+184%added
BRO BROWN & BROWN INCFinancial Services0.7%$3.8m180,000−51%reduced
BF/B BROWN FORMAN CORP–0.7%$3.7m70,965–new
SAP SAP SETechnology0.7%$3.5m97,5000.0%held
MAR MARRIOTT INTL INC NEWConsumer Cyclical0.6%$3.4m175,0000.0%held
INTERNATIONAL GAME TECHNOLOG no ticker–0.6%$3.0m250,0000.0%held
NKE NIKE INCConsumer Cyclical0.5%$2.6m50,2000.0%held
Washington Post Co no ticker–0.4%$2.1m5,4250.0%held
LOW LOWES COS INCConsumer Cyclical0.4%$2.0m95,0000.0%held
SYY SYSCO CORPConsumer Defensive0.4%$1.9m85,0000.0%held
PEP PEPSICO INCConsumer Defensive0.4%$1.9m34,000+1.5%added
MO ALTRIA GROUP INCConsumer Defensive0.3%$1.8m116,7000.0%held
CTAS CINTAS CORPIndustrials0.3%$1.6m70,000+75%added
WALGREEN CO no ticker–0.3%$1.6m65,660+88%added
STT STATE STR CORPFinancial Services0.3%$1.6m40,4000.0%held
KMX CARMAX INCConsumer Cyclical0.2%$1.3m160,0000.0%held
YUSD ALLEGHANY CORP DEL–0.2%$1.2m4,0800.0%held
CMCSA COMCAST CORP NEWCommunication Services0.2%$1.1m66,850−88%reduced

Exited since Q3 2008

8 rows
LandAmerica Financial Group no ticker5.2%$33.5m
MRSH MARSH & MCLENNAN COS INC4.4%$28.5m
CINF CINCINNATI FINL CORP0.9%$6.0m
XL Capital no ticker0.7%$4.5m
Allied Capital no ticker0.2%$1.4m
News Corporation no ticker0.1%$672k
Corus Bankshares no ticker0.06%$393k
MSFT MICROSOFT CORP0.03%$213k

Sector mix

  • Unclassified49.9%
  • Financial Services18.7%
  • Industrials12.5%
  • Consumer Defensive6.8%
  • Technology3.3%
  • Healthcare3.2%
  • Real Estate2.2%
  • Consumer Cyclical2.0%
  • Communication Services1.1%
  • Energy0.3%
  • Basic Materials0.05%

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