WhaleCreep

Markel Group 13F holdings, Q3 2012

Investment holding companySEC filingsCompare with another fundHoldings as of 2012-09-30, filed 2012-11-06

Markel Group disclosed 90 US equity positions worth $1.1bn in its Q3 2012 13F filing. Its largest position is Fairfax Financial Holdings Ltd at 9.2% of the reported book, followed by WALGREEN CO and UNION FIRST MKT BANKSH CP. Versus Q2 2012 it opened 6 new positions, added to 20, reduced 2 and exited 9.

$1.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
90
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.2%
Largest position
The largest single position as a share of the reported equity book.
44.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
32
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 2012: 6 new, 20 added, 2 reduced, 9 exited

50 of 90
Fairfax Financial Holdings Ltd no ticker–9.2%$103m267,1040.0%held
WALGREEN CO no ticker–6.9%$78.3m2.15m+147%added
UNION FIRST MKT BANKSH CP no ticker–4.8%$54.5m3.50m0.0%held
BRK/B BERKSHIRE HATHAWAY INC DEL–3.8%$42.8m485,1000.0%held
RLI RLI CORPFinancial Services3.6%$40.9m612,8620.0%held
COLFAX CORP no ticker–3.5%$39.8m1.09m0.0%held
DEO DIAGEO PLCConsumer Defensive3.3%$37.0m328,5000.0%held
BRK/A BERKSHIRE HATHAWAY INC DEL–3.2%$36.5m2750.0%held
NVO NOVO-NORDISK A SHealthcare3.2%$36.0m228,100−0.3%held
BUD ANHEUSER BUSCH INBEV SA NVConsumer Defensive3.1%$34.5m401,501−0.2%held
ADM ARCHER DANIELS MIDLAND COConsumer Defensive3.0%$34.1m1.25m+27%added
GE GENERAL ELECTRIC COIndustrials2.7%$30.9m1.36m0.0%held
ADP AUTOMATIC DATA PROCESSING INTechnology2.7%$30.4m518,4000.0%held
BF/A BROWN FORMAN CORP–2.4%$26.6m425,640+50%added
GD GENERAL DYNAMICS CORPIndustrials2.3%$26.3m397,5480.0%held
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare2.2%$24.7m595,700+7.6%added
MSFT MICROSOFT CORPTechnology2.1%$23.9m803,0900.0%held
CAT CATERPILLAR INCIndustrials1.9%$21.2m246,200−0.2%held
JNJ JOHNSON & JOHNSONHealthcare1.7%$19.3m280,0000.0%held
EXMOC EXXON MOBIL CORP–1.6%$18.3m199,8000.0%held
MCD MCDONALDS CORPConsumer Cyclical1.5%$17.4m189,810−0.4%held
Artio Global Investors no ticker–1.5%$17.0m5.69m0.0%held
LEUCADIA NATL CORP no ticker–1.4%$15.3m670,5330.0%held
ITIC INVESTORS TITLE COFinancial Services1.3%$14.9m228,6500.0%held
BROOKFIELD ASSET MGMT INC no ticker–1.3%$14.8m430,0000.0%held
ITW ILLINOIS TOOL WKS INCIndustrials1.3%$14.7m247,490−0.5%held
V VISA INCFinancial Services1.2%$13.6m101,100+5.2%added
SCHW SCHWAB CHARLES CORPFinancial Services1.2%$13.0m1.02m+2.4%added
LII LENNOX INTL INCIndustrials1.1%$12.3m253,5000.0%held
SLB SLB LIMITEDEnergy0.9%$10.6m146,000+0.7%added
PM PHILIP MORRIS INTL INCConsumer Defensive0.9%$10.5m116,7000.0%held
DIS DISNEY WALT COCommunication Services0.9%$10.5m200,0000.0%held
COF CAPITAL ONE FINL CORPFinancial Services0.9%$10.2m179,4000.0%held
L LOEWS CORPFinancial Services0.9%$9.9m240,700+0.1%held
CRREUR CARBO CERAMICS INC–0.9%$9.8m155,000+125%added
BRO BROWN & BROWN INCFinancial Services0.8%$9.5m365,6280.0%held
PEP PEPSICO INCConsumer Defensive0.8%$9.0m127,000+3.3%added
WMT WALMART INCConsumer Defensive0.8%$8.6m116,4250.0%held
NOVEUR NATIONAL OILWELL VARCO INC–0.7%$8.4m105,000+24%added
EMR Emerson Electric Inc.Industrials0.7%$8.3m171,500−0.2%held
MAR MARRIOTT INTL INC NEWConsumer Cyclical0.6%$7.1m181,9650.0%held
BF/B BROWN FORMAN CORP–0.6%$6.9m106,372+50%added
KMX CARMAX INCConsumer Cyclical0.6%$6.7m235,0000.0%held
PLUM CREEK TIMBER CO INC no ticker–0.6%$6.6m150,0000.0%held
NTRS NORTHERN TR CORPFinancial Services0.6%$6.5m140,0000.0%held
NKE NIKE INCConsumer Cyclical0.5%$5.6m59,200+18%added
PAYX PAYCHEX INCTechnology0.4%$5.0m150,9000.0%held
PDCOEUR PATTERSON COS INC–0.4%$5.0m146,200−0.3%held
UPS UNITED PARCEL SERVICE INCIndustrials0.4%$5.0m69,5200.0%held
HCCIUSD HERITAGE CRYSTAL CLEAN INC–0.4%$5.0m249,500+4.2%added

Exited since Q2 2012

9 rows
WU WESTERN UN CO0.6%$6.6m
MO ALTRIA GROUP INC0.4%$4.1m
WSO WATSCO INC0.3%$3.0m
LEN/B LENNAR CORP0.2%$2.4m
DREAMWORKS ANIMATION SKG INC no ticker0.2%$1.9m
LPX LOUISIANA PAC CORP0.1%$1.3m
BROOKFIELD RESIDENTIAL PPTYS no ticker0.1%$1.1m
VAC MARRIOTT VACATIONS WORLDWIDE0.05%$564k
YUM YUM BRANDS INC0.02%$206k

Sector mix

  • Unclassified45.4%
  • Consumer Defensive12.8%
  • Financial Services11.3%
  • Industrials11.0%
  • Healthcare7.1%
  • Technology5.6%
  • Consumer Cyclical4.3%
  • Energy1.2%
  • Communication Services0.9%
  • Basic Materials0.5%
  • Real Estate0.02%

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