WhaleCreep

Markel Group 13F holdings, Q2 2009

Investment holding companySEC filingsCompare with another fundHoldings as of 2009-06-30, filed 2009-08-14

Markel Group disclosed 73 US equity positions worth $493.5m in its Q2 2009 13F filing. Its largest position is Fairfax Financial Holdings Ltd at 14.1% of the reported book, followed by Level 3 Communications CONV and RLI. Versus Q1 2009 it opened 6 new positions, added to 7, reduced 1 and exited 6.

$494m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
73
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
14.1%
Largest position
The largest single position as a share of the reported equity book.
53.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
22
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 2009: 6 new, 7 added, 1 reduced, 6 exited

50 of 73
Fairfax Financial Holdings Ltd no ticker–14.1%$69.7m279,4590.0%held
Level 3 Communications CONV no ticker–6.0%$29.7m25.00m0.0%held
RLI RLI CORPFinancial Services5.6%$27.7m619,016−0.2%held
BRK/A BERKSHIRE HATHAWAY INC DEL–5.0%$24.8m2750.0%held
Berkshire Hathaway no ticker–4.5%$22.3m7,7020.0%held
GD GENERAL DYNAMICS CORPIndustrials4.4%$21.8m393,5180.0%held
W.P. Carey no ticker–4.4%$21.5m861,500−0.1%held
DEO DIAGEO PLCConsumer Defensive3.8%$18.8m328,5000.0%held
JNJ JOHNSON & JOHNSONHealthcare3.2%$15.9m280,0000.0%held
Exxon Corporation no ticker–2.8%$14.0m199,8000.0%held
NUSTAR GP HOLDINGS LLC no ticker–2.7%$13.6m586,3000.0%held
BF/A BROWN FORMAN CORP–2.7%$13.1m283,8600.0%held
ADP AUTOMATIC DATA PROCESSING INTechnology2.2%$10.9m306,500+0.1%held
BAC BANK OF AMER CORPFinancial Services1.9%$9.4m709,489−0.1%held
ELME ELME COMMUNITIESReal Estate1.8%$9.1m407,4750.0%held
ITW ILLINOIS TOOL WKS INCIndustrials1.8%$9.1m243,0230.0%held
SCHW SCHWAB CHARLES CORPFinancial Services1.8%$8.9m505,3000.0%held
WHITE MTNS INS GROUP LTD no ticker–1.7%$8.6m37,6000.0%held
CAT CATERPILLAR INCIndustrials1.6%$7.8m236,300+0.3%held
NTRS NORTHERN TR CORPFinancial Services1.5%$7.5m140,0000.0%held
LEUCADIA NATL CORP no ticker–1.4%$6.8m323,400+16%added
MCGRAW HILL FINL INC no ticker–1.3%$6.6m220,0000.0%held
FNF FIDELITY NATIONAL FINANCIALFinancial Services1.3%$6.3m468,8500.0%held
ITIC INVESTORS TITLE COFinancial Services1.2%$6.2m228,8500.0%held
EMR Emerson Electric Inc.Industrials1.2%$5.7m175,300+7.9%added
WMT WALMART INCConsumer Defensive1.1%$5.6m116,4250.0%held
FOREST CITY ENTERPRISES INC no ticker–1.1%$5.6m844,3670.0%held
BROOKFIELD ASSET MGMT INC no ticker–1.0%$5.1m300,0000.0%held
PM PHILIP MORRIS INTL INCConsumer Defensive1.0%$5.1m116,7000.0%held
DIS DISNEY WALT COCommunication Services0.9%$4.7m200,0000.0%held
PLUM CREEK TIMBER CO INC no ticker–0.9%$4.5m150,0000.0%held
INTERNATIONAL GAME TECHNOLOG no ticker–0.8%$4.0m250,0000.0%held
MAR MARRIOTT INTL INC NEWConsumer Cyclical0.8%$4.0m180,000+2.9%added
SAP SAP SETechnology0.8%$3.9m97,5000.0%held
BRO BROWN & BROWN INCFinancial Services0.7%$3.6m180,0000.0%held
UPS UNITED PARCEL SERVICE INCIndustrials0.7%$3.5m69,5200.0%held
GE GENERAL ELECTRIC COIndustrials0.7%$3.5m295,0000.0%held
AFL AFLAC INCFinancial Services0.7%$3.3m105,0000.0%held
BF/B BROWN FORMAN CORP–0.6%$3.0m70,9650.0%held
NKE NIKE INCConsumer Cyclical0.5%$2.6m50,2000.0%held
KMX CARMAX INCConsumer Cyclical0.5%$2.4m160,0000.0%held
WALGREEN CO no ticker–0.5%$2.2m75,860+16%added
SLB SLB LIMITEDEnergy0.4%$2.1m39,000+8.3%added
MO ALTRIA GROUP INCConsumer Defensive0.4%$1.9m116,7000.0%held
SYY SYSCO CORPConsumer Defensive0.4%$1.9m85,0000.0%held
STT STATE STR CORPFinancial Services0.4%$1.9m40,4000.0%held
Washington Post Co no ticker–0.4%$1.9m5,4000.0%held
PEP PEPSICO INCConsumer Defensive0.4%$1.9m34,0000.0%held
LOW LOWES COS INCConsumer Cyclical0.4%$1.8m95,0000.0%held
CTAS CINTAS CORPIndustrials0.3%$1.6m70,0000.0%held

Exited since Q1 2009

6 rows
COP CONOCOPHILLIPS0.09%$392k
CVA1EUR COVANTA HLDG CORP0.07%$314k
CB Richard Ellis Group no ticker0.05%$201k
CX CEMEX SAB DE CV0.04%$187k
NYSE EURONEXT no ticker0.04%$179k
FR FIRST INDL RLTY TR INC0.03%$127k

Sector mix

  • Unclassified52.5%
  • Financial Services15.8%
  • Industrials10.8%
  • Consumer Defensive7.8%
  • Technology3.6%
  • Healthcare3.4%
  • Consumer Cyclical2.7%
  • Real Estate1.8%
  • Communication Services1.1%
  • Energy0.4%

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