WhaleCreep

Markel Group 13F holdings, Q1 2014

Investment holding companySEC filingsCompare with another fundHoldings as of 2014-03-31, filed 2014-05-13

Markel Group disclosed 105 US equity positions worth $3.3bn in its Q1 2014 13F filing. Its largest position is KMX at 7.1% of the reported book, followed by BRK/A and BRK/B. Versus Q4 2013 it opened 6 new positions, added to 29, reduced 48 and exited 10.

$3.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
105
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
7.1%
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.
35
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 2013: 6 new, 29 added, 48 reduced, 10 exited

50 of 105
KMX CARMAX INCConsumer Cyclical7.1%$232m4.96m−1.3%reduced
BRK/A BERKSHIRE HATHAWAY INC DEL–6.2%$202m1,078−1.5%reduced
BRK/B BERKSHIRE HATHAWAY INC DEL–5.8%$189m1.51m−1.0%reduced
DEO DIAGEO PLCConsumer Defensive4.6%$150m1.20m−0.7%reduced
WALGREEN CO no ticker–4.3%$141m2.13m−0.6%reduced
BROOKFIELD ASSET MGMT INC no ticker–4.0%$131m3.20m−0.6%reduced
Fairfax Financial Holdings Ltd no ticker–3.7%$121m279,4590.0%held
DIS DISNEY WALT COCommunication Services3.6%$119m1.48m−1.6%reduced
EXMOC EXXON MOBIL CORP–2.6%$84.9m868,800−1.0%reduced
WMT WALMART INCConsumer Defensive2.6%$83.9m1.10m−2.8%reduced
COLFAX CORP no ticker–2.4%$77.4m1.09m0.0%held
MAR MARRIOTT INTL INC NEWConsumer Cyclical2.2%$73.0m1.30m−3.0%reduced
HD HOME DEPOT INCConsumer Cyclical2.2%$72.8m920,000−1.7%reduced
UPS UNITED PARCEL SERVICE INCIndustrials2.1%$69.7m715,500−2.8%reduced
GE GENERAL ELECTRIC COIndustrials2.1%$68.1m2.63m+1.2%added
FHI FEDERATED HERMES INCFinancial Services2.0%$65.2m2.13m−1.0%reduced
ADM ARCHER DANIELS MIDLAND COConsumer Defensive1.8%$59.7m1.38m−0.6%reduced
WPC W P CAREY INCReal Estate1.8%$57.1m950,200−0.3%held
JNJ JOHNSON & JOHNSONHealthcare1.7%$56.4m574,200−1.1%reduced
RLI RLI CORPFinancial Services1.6%$53.0m1.20m+99%added
NVO NOVO-NORDISK A SHealthcare1.5%$49.1m1.07m+386%added
UNH UNITEDHEALTH GROUP INCHealthcare1.5%$49.0m598,000−1.5%reduced
BUD ANHEUSER BUSCH INBEV SA NVConsumer Defensive1.3%$43.2m410,000−0.4%held
GD GENERAL DYNAMICS CORPIndustrials1.3%$42.2m387,000−2.9%reduced
ADP AUTOMATIC DATA PROCESSING INTechnology1.3%$40.8m527,700−0.8%reduced
BF/A BROWN FORMAN CORP–1.2%$37.5m421,500−0.9%reduced
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare1.1%$36.7m694,000−0.8%reduced
MSFT MICROSOFT CORPTechnology1.0%$33.5m818,000−0.9%reduced
V VISA INCFinancial Services1.0%$31.8m147,500+8.0%added
AXP AMERICAN EXPRESS COFinancial Services1.0%$31.4m349,000−1.0%reduced
SCHW SCHWAB CHARLES CORPFinancial Services0.9%$28.9m1.06m+5.7%added
MMM 3M COIndustrials0.8%$27.7m204,000−0.8%reduced
LOW LOWES COS INCConsumer Cyclical0.8%$26.4m540,000−3.6%reduced
UNILEVER PLC no ticker–0.8%$26.0m607,000+180%added
ORCL ORACLE CORPTechnology0.8%$25.9m632,000−1.5%reduced
INTC INTEL CORPTechnology0.8%$25.6m991,000−0.8%reduced
SLB SLB LIMITEDEnergy0.8%$25.4m260,000+49%added
NOVEUR NATIONAL OILWELL VARCO INC–0.7%$24.3m312,000+29%added
CAT CATERPILLAR INCIndustrials0.7%$23.9m241,000−0.4%held
BLK BLACKROCK INCFinancial Services0.7%$23.3m74,000+25%added
LIBERTY MEDIA CORP DELAWARE no ticker–0.7%$22.9m175,000+31%added
TROW PRICE T ROWE GROUP INCFinancial Services0.6%$20.6m250,000−0.2%held
ITW ILLINOIS TOOL WKS INCIndustrials0.6%$18.7m230,000−4.6%reduced
CPRT COPART INCIndustrials0.5%$17.8m490,000+75%added
MCD MCDONALDS CORPConsumer Cyclical0.5%$17.7m181,000−2.0%reduced
MCO MOODYS CORPFinancial Services0.5%$16.4m207,000+17%added
ITIC INVESTORS TITLE COFinancial Services0.5%$16.2m213,300−1.3%reduced
GOOGLE INC no ticker–0.4%$13.9m12,5000.0%held
COF CAPITAL ONE FINL CORPFinancial Services0.4%$13.7m178,000−5.0%reduced
WELLPOINT INC no ticker–0.4%$13.3m134,000+26%added

Exited since Q4 2013

10 rows
ALLIANCE HOLDINGS GP LP no ticker0.3%$9.8m
AMZN AMAZON COM INC0.2%$6.3m
BTU PEABODY ENERGY CORP0.2%$5.1m
IBM INTERNATIONAL BUSINESS MACHS0.1%$4.5m
BNY BANK OF NY MELLON CORP0.1%$3.9m
APOLLO ED GROUP INC no ticker0.09%$2.9m
ARCH COAL INC no ticker0.03%$1.1m
OKE ONEOK INC NEW0.02%$622k
EPD ENTERPRISE PRODS PARTNERS L0.01%$418k
SYY SYSCO CORP0.01%$372k

Sector mix

  • Unclassified36.2%
  • Consumer Cyclical14.0%
  • Consumer Defensive11.6%
  • Financial Services11.2%
  • Industrials9.1%
  • Healthcare6.1%
  • Technology4.1%
  • Communication Services3.6%
  • Real Estate1.8%
  • Energy1.4%
  • Basic Materials0.9%

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