WhaleCreep

Markel Group 13F holdings, Q2 2012

Investment holding companySEC filingsCompare with another fundHoldings as of 2012-06-30, filed 2012-08-09

Markel Group disclosed 93 US equity positions worth $1.0bn in its Q2 2012 13F filing. Its largest position is Fairfax Financial Holdings Ltd at 10.2% of the reported book, followed by UNION FIRST MKT BANKSH CP and RLI. Versus Q1 2012 it opened 3 new positions, added to 23, reduced 3 and exited 3.

$1.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
93
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.2%
Largest position
The largest single position as a share of the reported equity book.
41.9%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
33
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 2012: 3 new, 23 added, 3 reduced, 3 exited

50 of 93
Fairfax Financial Holdings Ltd no ticker–10.2%$105m267,1040.0%held
UNION FIRST MKT BANKSH CP no ticker–4.9%$50.6m3.50m0.0%held
RLI RLI CORPFinancial Services4.1%$41.8m612,862+0.9%added
BRK/B BERKSHIRE HATHAWAY INC DEL–3.9%$40.4m485,1000.0%held
BRK/A BERKSHIRE HATHAWAY INC DEL–3.3%$34.4m2750.0%held
DEO DIAGEO PLCConsumer Defensive3.3%$33.9m328,5000.0%held
NVO NOVO-NORDISK A SHealthcare3.2%$33.3m228,900+0.8%added
BUD ANHEUSER BUSCH INBEV SA NVConsumer Defensive3.1%$32.1m402,5010.0%held
COLFAX CORP no ticker–2.9%$29.9m1.09m0.0%held
ADM ARCHER DANIELS MIDLAND COConsumer Defensive2.8%$29.1m985,800+162%added
ADP AUTOMATIC DATA PROCESSING INTechnology2.8%$28.9m518,600−0.1%held
GE GENERAL ELECTRIC COIndustrials2.8%$28.4m1.36m0.0%held
BF/A BROWN FORMAN CORP–2.6%$27.0m283,7600.0%held
GD GENERAL DYNAMICS CORPIndustrials2.6%$26.2m397,544−0.1%held
WALGREEN CO no ticker–2.5%$25.7m868,860+27%added
MSFT MICROSOFT CORPTechnology2.4%$24.6m803,090+0.6%added
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare2.1%$21.8m553,500+3.1%added
CAT CATERPILLAR INCIndustrials2.0%$20.9m246,634+1.2%added
Artio Global Investors no ticker–1.9%$19.9m5.69m+304%added
JNJ JOHNSON & JOHNSONHealthcare1.8%$18.9m280,0000.0%held
EXMOC EXXON MOBIL CORP–1.7%$17.1m199,8000.0%held
MCD MCDONALDS CORPConsumer Cyclical1.6%$16.9m190,609+2.0%added
LEUCADIA NATL CORP no ticker–1.4%$14.3m670,766+2.3%added
BROOKFIELD ASSET MGMT INC no ticker–1.4%$14.2m430,0000.0%held
ITW ILLINOIS TOOL WKS INCIndustrials1.3%$13.2m248,6520.0%held
ITIC INVESTORS TITLE COFinancial Services1.3%$13.0m228,650+4.0%added
SCHW SCHWAB CHARLES CORPFinancial Services1.3%$12.9m993,900+1.0%added
V VISA INCFinancial Services1.2%$11.9m96,1000.0%held
LII LENNOX INTL INCIndustrials1.2%$11.8m253,5000.0%held
PM PHILIP MORRIS INTL INCConsumer Defensive1.0%$10.2m116,700+1.9%added
BRO BROWN & BROWN INCFinancial Services1.0%$10.0m365,6280.0%held
L LOEWS CORPFinancial Services1.0%$9.8m240,500+20%added
COF CAPITAL ONE FINL CORPFinancial Services1.0%$9.8m179,400+0.3%held
DIS DISNEY WALT COCommunication Services0.9%$9.7m200,0000.0%held
SLB SLB LIMITEDEnergy0.9%$9.4m145,000+59%added
PEP PEPSICO INCConsumer Defensive0.8%$8.7m123,000+17%added
WMT WALMART INCConsumer Defensive0.8%$8.1m116,4250.0%held
EMR Emerson Electric Inc.Industrials0.8%$8.0m171,900−0.6%reduced
MAR MARRIOTT INTL INC NEWConsumer Cyclical0.7%$7.1m181,9650.0%held
BF/B BROWN FORMAN CORP–0.7%$6.9m70,9150.0%held
WU WESTERN UN COFinancial Services0.6%$6.6m390,000+15%added
NTRS NORTHERN TR CORPFinancial Services0.6%$6.4m140,0000.0%held
KMX CARMAX INCConsumer Cyclical0.6%$6.1m235,0000.0%held
PLUM CREEK TIMBER CO INC no ticker–0.6%$6.0m150,0000.0%held
NOVEUR NATIONAL OILWELL VARCO INC–0.5%$5.5m85,0000.0%held
UPS UNITED PARCEL SERVICE INCIndustrials0.5%$5.5m69,5200.0%held
CRREUR CARBO CERAMICS INC–0.5%$5.3m69,000+57%added
PDCOEUR PATTERSON COS INC–0.5%$5.1m146,6000.0%held
KO COCA COLA COConsumer Defensive0.5%$4.9m63,0000.0%held
PAYX PAYCHEX INCTechnology0.5%$4.7m150,9000.0%held

Exited since Q1 2012

3 rows
ITC HLDGS CORP no ticker0.6%$6.4m
POOL POOL CORP0.4%$3.6m
NUSTAR GP HOLDINGS LLC no ticker0.02%$208k

Sector mix

  • Unclassified42.7%
  • Consumer Defensive13.2%
  • Financial Services12.8%
  • Industrials11.8%
  • Healthcare7.2%
  • Technology6.0%
  • Consumer Cyclical3.9%
  • Energy0.9%
  • Communication Services0.9%
  • Basic Materials0.4%
  • Real Estate0.03%

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