WhaleCreep

Markel Group 13F holdings, Q1 2013

Investment holding companySEC filingsCompare with another fundHoldings as of 2013-03-31, filed 2013-05-09

Markel Group disclosed 95 US equity positions worth $1.3bn in its Q1 2013 13F filing. Its largest position is WALGREEN CO at 7.6% of the reported book, followed by WMT and Fairfax Financial Holdings Ltd. Versus Q4 2012 it opened 7 new positions, added to 16, reduced 10 and exited 8.

$1.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
95
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.6%
Largest position
The largest single position as a share of the reported equity book.
44.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
34
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 Q4 2012: 7 new, 16 added, 10 reduced, 8 exited

50 of 95
WALGREEN CO no ticker–7.6%$103m2.15m0.0%held
WMT WALMART INCConsumer Defensive6.2%$83.1m1.11m+854%added
Fairfax Financial Holdings Ltd no ticker–5.7%$77.1m197,104−26%reduced
GE GENERAL ELECTRIC COIndustrials4.1%$55.2m2.39m−0.6%reduced
BRK/B BERKSHIRE HATHAWAY INC DEL–3.8%$50.5m485,1000.0%held
COLFAX CORP no ticker–3.7%$50.5m1.09m0.0%held
ADM ARCHER DANIELS MIDLAND COConsumer Defensive3.4%$45.5m1.35m+1.2%added
RLI RLI CORPFinancial Services3.3%$44.0m612,658−0.1%held
BRK/A BERKSHIRE HATHAWAY INC DEL–3.2%$43.0m2750.0%held
DEO DIAGEO PLCConsumer Defensive3.1%$41.3m328,5000.0%held
BUD ANHEUSER BUSCH INBEV SA NVConsumer Defensive2.9%$39.6m397,951−0.6%reduced
UNION FIRST MKT BANKSH CP no ticker–2.8%$37.1m1.90m−28%reduced
NVO NOVO-NORDISK A SHealthcare2.7%$36.6m226,400−0.4%held
ADP AUTOMATIC DATA PROCESSING INTechnology2.5%$34.1m523,900+1.6%added
BF/A BROWN FORMAN CORP–2.3%$31.3m425,6400.0%held
GD GENERAL DYNAMICS CORPIndustrials2.1%$28.3m401,555+0.9%added
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare2.0%$26.3m663,600+3.0%added
MSFT MICROSOFT CORPTechnology1.7%$23.0m802,590−0.1%held
UNH UNITEDHEALTH GROUP INCHealthcare1.7%$22.4m392,300–new
CAT CATERPILLAR INCIndustrials1.6%$21.3m245,200−0.3%held
LEUCADIA NATL CORP no ticker–1.5%$20.4m745,0330.0%held
MCD MCDONALDS CORPConsumer Cyclical1.4%$18.9m189,861+0.1%held
V VISA INCFinancial Services1.4%$18.9m111,100+9.9%added
SCHW SCHWAB CHARLES CORPFinancial Services1.4%$18.2m1.03m+1.8%added
EXMOC EXXON MOBIL CORP–1.3%$18.0m199,8000.0%held
ITIC INVESTORS TITLE COFinancial Services1.2%$15.8m228,150−0.2%held
BROOKFIELD ASSET MGMT INC no ticker–1.2%$15.7m430,0000.0%held
ITW ILLINOIS TOOL WKS INCIndustrials1.1%$14.9m245,000−0.2%held
BRO BROWN & BROWN INCFinancial Services0.9%$11.7m365,6280.0%held
DIS DISNEY WALT COCommunication Services0.8%$11.4m200,0000.0%held
SYY SYSCO CORPConsumer Defensive0.8%$11.1m314,278−45%reduced
SLB SLB LIMITEDEnergy0.8%$10.9m146,0000.0%held
PM PHILIP MORRIS INTL INCConsumer Defensive0.8%$10.8m116,7000.0%held
L LOEWS CORPFinancial Services0.8%$10.6m240,7000.0%held
PEP PEPSICO INCConsumer Defensive0.7%$10.1m127,3000.0%held
COF CAPITAL ONE FINL CORPFinancial Services0.7%$9.9m179,4000.0%held
KMX CARMAX INCConsumer Cyclical0.7%$9.8m235,0000.0%held
NOVEUR NATIONAL OILWELL VARCO INC–0.7%$9.6m136,000+11%added
EMR Emerson Electric Inc.Industrials0.7%$9.6m171,3000.0%held
ALLIANCE HOLDINGS GP LP no ticker–0.7%$8.8m166,5000.0%held
HAS HASBRO INCConsumer Cyclical0.6%$8.3m189,800+25%added
MCO MOODYS CORPFinancial Services0.6%$8.3m155,400+63%added
Artio Global Investors no ticker–0.6%$8.1m2.97m−48%reduced
PLUM CREEK TIMBER CO INC no ticker–0.6%$7.8m150,0000.0%held
MAR MARRIOTT INTL INC NEWConsumer Cyclical0.6%$7.7m181,9650.0%held
NTRS NORTHERN TR CORPFinancial Services0.6%$7.6m140,0000.0%held
BF/B BROWN FORMAN CORP–0.6%$7.6m106,3720.0%held
NSC NORFOLK SOUTHERN CORPIndustrials0.5%$7.3m94,100+31%added
NKE NIKE INCConsumer Cyclical0.5%$7.1m120,4000.0%held
MAT MATTEL INCConsumer Cyclical0.5%$6.1m140,000+39%added

Exited since Q4 2012

8 rows
LII LENNOX INTL INC1.1%$13.3m
DELL INC no ticker0.2%$2.5m
CALAMOS ASSET MGMT INC no ticker0.2%$2.4m
DENTSPLY INTL INC NEW no ticker0.1%$1.4m
Liberty Media no ticker0.1%$1.4m
MKC MCCORMICK & CO INC0.09%$1.1m
BBSI BARRETT BUSINESS SVCS INC0.07%$781k
RFPUSD RESOLUTE FST PRODS INC0.02%$204k

Sector mix

  • Unclassified39.6%
  • Consumer Defensive18.6%
  • Financial Services11.9%
  • Industrials10.9%
  • Healthcare6.7%
  • Technology4.9%
  • Consumer Cyclical4.8%
  • Energy1.1%
  • Communication Services0.8%
  • Basic Materials0.5%
  • Real Estate0.2%

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