WhaleCreep

Markel Group 13F holdings, Q3 2011

Investment holding companySEC filingsCompare with another fundHoldings as of 2011-09-30, filed 2011-11-14

Markel Group disclosed 86 US equity positions worth $763.4m in its Q3 2011 13F filing. Its largest position is Fairfax Financial Holdings Ltd at 13.5% of the reported book, followed by RLI and UNION FIRST MKT BANKSH CP. Versus Q2 2011 it opened 8 new positions, added to 12, reduced 5 and exited 3.

$763m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
86
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.5%
Largest position
The largest single position as a share of the reported equity book.
47.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
25
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 Q2 2011: 8 new, 12 added, 5 reduced, 3 exited

50 of 86
Fairfax Financial Holdings Ltd no ticker–13.5%$103m267,1040.0%held
RLI RLI CORPFinancial Services5.1%$39.1m615,096−0.2%held
UNION FIRST MKT BANKSH CP no ticker–4.9%$37.6m3.50m0.0%held
BRK/B BERKSHIRE HATHAWAY INC DEL–4.5%$34.5m485,1000.0%held
BRK/A BERKSHIRE HATHAWAY INC DEL–3.8%$29.4m2750.0%held
FNF FIDELITY NATIONAL FINANCIALFinancial Services3.4%$25.8m1.70m−0.4%held
DEO DIAGEO PLCConsumer Defensive3.3%$24.9m328,5000.0%held
ADP AUTOMATIC DATA PROCESSING INTechnology3.0%$23.0m487,900+4.1%added
NVO NOVO-NORDISK A SHealthcare3.0%$22.8m229,4500.0%held
GD GENERAL DYNAMICS CORPIndustrials2.9%$22.1m388,885−0.3%held
BUD ANHEUSER BUSCH INBEV SA NVConsumer Defensive2.8%$21.5m405,601+20%added
GE GENERAL ELECTRIC COIndustrials2.7%$20.7m1.36m0.0%held
BF/A BROWN FORMAN CORP–2.5%$19.3m283,7600.0%held
CAT CATERPILLAR INCIndustrials2.4%$18.3m247,2340.0%held
JNJ JOHNSON & JOHNSONHealthcare2.3%$17.8m280,0000.0%held
NUSTAR GP HOLDINGS LLC no ticker–2.2%$17.1m559,300−4.3%reduced
MCD MCDONALDS CORPConsumer Cyclical2.2%$16.8m191,456−0.4%held
EXMOC EXXON MOBIL CORP–1.9%$14.5m199,8000.0%held
ITC HLDGS CORP no ticker–1.8%$13.4m173,2000.0%held
LEUCADIA NATL CORP no ticker–1.7%$13.3m588,2660.0%held
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare1.6%$12.6m338,200+34%added
BROOKFIELD ASSET MGMT INC no ticker–1.6%$11.8m430,0000.0%held
MSFT MICROSOFT CORPTechnology1.5%$11.2m450,690+21%added
SCHW SCHWAB CHARLES CORPFinancial Services1.4%$10.8m961,300+0.1%held
ITW ILLINOIS TOOL WKS INCIndustrials1.4%$10.4m250,035−1.0%reduced
ITIC INVESTORS TITLE COFinancial Services1.1%$8.1m228,8500.0%held
WALGREEN CO no ticker–1.0%$7.3m221,9600.0%held
PM PHILIP MORRIS INTL INCConsumer Defensive1.0%$7.3m116,7000.0%held
EMR Emerson Electric Inc.Industrials0.9%$7.2m174,600+0.1%held
ABT ABBOTT LABORATORIESHealthcare0.9%$6.6m129,5000.0%held
BRO BROWN & BROWN INCFinancial Services0.9%$6.5m365,6280.0%held
PEP PEPSICO INCConsumer Defensive0.9%$6.5m105,0000.0%held
WMT WALMART INCConsumer Defensive0.8%$6.0m116,4250.0%held
DIS DISNEY WALT COCommunication Services0.8%$6.0m200,0000.0%held
KMX CARMAX INCConsumer Cyclical0.7%$5.6m235,0000.0%held
PLUM CREEK TIMBER CO INC no ticker–0.7%$5.2m150,0000.0%held
BF/B BROWN FORMAN CORP–0.7%$5.0m70,9150.0%held
MAR MARRIOTT INTL INC NEWConsumer Cyclical0.6%$5.0m181,9650.0%held
NTRS NORTHERN TR CORPFinancial Services0.6%$4.9m140,0000.0%held
UPS UNITED PARCEL SERVICE INCIndustrials0.6%$4.4m69,5200.0%held
NOVEUR NATIONAL OILWELL VARCO INC–0.6%$4.4m85,0000.0%held
HCCIUSD HERITAGE CRYSTAL CLEAN INC–0.6%$4.3m239,5000.0%held
KO COCA COLA COConsumer Defensive0.6%$4.3m64,000−1.5%reduced
NKE NIKE INCConsumer Cyclical0.6%$4.3m50,2000.0%held
PDCOEUR PATTERSON COS INC–0.5%$4.2m146,600+7.3%added
SLB SLB LIMITEDEnergy0.5%$4.2m70,000−0.4%held
PG PROCTER & GAMBLE COConsumer Defensive0.5%$4.0m63,4000.0%held
INTERNATIONAL GAME TECHNOLOG no ticker–0.5%$3.6m250,0000.0%held
WU WESTERN UN COFinancial Services0.4%$3.3m215,000+82%added
MO ALTRIA GROUP INCConsumer Defensive0.4%$3.1m117,400+0.6%added

Exited since Q2 2011

3 rows
WHITE MTNS INS GROUP LTD no ticker0.3%$3.0m
CLX CLOROX CO DEL0.1%$1.1m
KMB KIMBERLY-CLARK CORP0.1%$1.1m

Sector mix

  • Unclassified44.2%
  • Financial Services13.8%
  • Industrials12.0%
  • Consumer Defensive10.8%
  • Healthcare7.8%
  • Technology5.1%
  • Consumer Cyclical4.6%
  • Communication Services0.8%
  • Energy0.6%
  • Basic Materials0.2%
  • Real Estate0.05%

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