WhaleCreep

Markel Group 13F holdings, Q2 2014

Investment holding companySEC filingsCompare with another fundHoldings as of 2014-06-30, filed 2014-08-08

Markel Group disclosed 105 US equity positions worth $3.5bn in its Q2 2014 13F filing. Its largest position is KMX at 7.4% of the reported book, followed by BRK/A and BRK/B. Versus Q1 2014 it opened 10 new positions, added to 38, reduced 2 and exited 10.

$3.5bn
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.
7.4%
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.
36
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 2014: 10 new, 38 added, 2 reduced, 10 exited

50 of 105
KMX CARMAX INCConsumer Cyclical7.4%$258m4.96m0.0%held
BRK/A BERKSHIRE HATHAWAY INC DEL–5.8%$205m1,0780.0%held
BRK/B BERKSHIRE HATHAWAY INC DEL–5.5%$191m1.51m0.0%held
WALGREEN CO no ticker–4.5%$158m2.13m0.0%held
DEO DIAGEO PLCConsumer Defensive4.4%$155m1.22m+1.2%added
BROOKFIELD ASSET MGMT INC no ticker–4.1%$144m3.26m+2.1%added
Fairfax Financial Holdings Ltd no ticker–3.8%$132m279,4590.0%held
DIS DISNEY WALT COCommunication Services3.7%$129m1.50m+1.0%added
EXMOC EXXON MOBIL CORP–2.5%$87.5m868,8000.0%held
MAR MARRIOTT INTL INC NEWConsumer Cyclical2.4%$83.7m1.31m+0.2%held
WMT WALMART INCConsumer Defensive2.4%$82.4m1.10m0.0%held
COLFAX CORP no ticker–2.3%$80.9m1.09m0.0%held
HD HOME DEPOT INCConsumer Cyclical2.1%$74.5m920,0000.0%held
GE GENERAL ELECTRIC COIndustrials2.1%$74.0m2.82m+7.1%added
UPS UNITED PARCEL SERVICE INCIndustrials2.1%$73.5m715,5000.0%held
FHI FEDERATED HERMES INCFinancial Services1.9%$66.0m2.13m0.0%held
WPC W P CAREY INCReal Estate1.7%$61.2m950,2000.0%held
ADM ARCHER DANIELS MIDLAND COConsumer Defensive1.7%$60.7m1.38m0.0%held
JNJ JOHNSON & JOHNSONHealthcare1.7%$60.1m574,2000.0%held
RLI RLI CORPFinancial Services1.6%$54.8m1.20m0.0%held
UNH UNITEDHEALTH GROUP INCHealthcare1.5%$51.3m627,000+4.8%added
NVO NOVO-NORDISK A SHealthcare1.4%$49.7m1.07m0.0%held
BUD ANHEUSER BUSCH INBEV SA NVConsumer Defensive1.4%$47.7m415,000+1.2%added
GD GENERAL DYNAMICS CORPIndustrials1.3%$45.1m387,0000.0%held
ADP AUTOMATIC DATA PROCESSING INTechnology1.2%$41.8m527,7000.0%held
UNILEVER PLC no ticker–1.2%$41.3m912,000+50%added
BF/A BROWN FORMAN CORP–1.1%$38.9m421,5000.0%held
SLB SLB LIMITEDEnergy1.0%$36.6m310,000+19%added
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare1.0%$36.4m694,0000.0%held
V VISA INCFinancial Services1.0%$34.7m164,500+12%added
MSFT MICROSOFT CORPTechnology1.0%$34.1m818,0000.0%held
LIBERTY MEDIA CORP DELAWARE no ticker–1.0%$33.6m246,000+41%added
AXP AMERICAN EXPRESS COFinancial Services0.9%$33.1m349,0000.0%held
NOVEUR NATIONAL OILWELL VARCO INC–0.9%$32.4m393,000+26%added
INTC INTEL CORPTechnology0.9%$30.6m991,0000.0%held
MMM 3M COIndustrials0.8%$29.2m204,0000.0%held
SCHW SCHWAB CHARLES CORPFinancial Services0.8%$28.5m1.06m0.0%held
BLK BLACKROCK INCFinancial Services0.8%$28.4m89,000+20%added
CAT CATERPILLAR INCIndustrials0.7%$26.2m241,0000.0%held
LOW LOWES COS INCConsumer Cyclical0.7%$25.9m540,0000.0%held
ORCL ORACLE CORPTechnology0.7%$25.9m638,000+0.9%added
CPRT COPART INCIndustrials0.6%$22.7m630,000+29%added
TROW PRICE T ROWE GROUP INCFinancial Services0.6%$21.1m250,0000.0%held
WELLPOINT INC no ticker–0.6%$20.2m188,000+40%added
ITW ILLINOIS TOOL WKS INCIndustrials0.6%$20.1m230,0000.0%held
MCO MOODYS CORPFinancial Services0.6%$19.9m227,000+9.7%added
MCD MCDONALDS CORPConsumer Cyclical0.5%$18.2m181,0000.0%held
Deere & Co no ticker–0.5%$17.2m190,000–new
TRV TRAVELERS COMPANIES INCFinancial Services0.5%$16.0m170,000+179%added
CB CHUBB CORPFinancial Services0.5%$15.9m172,000+353%added

Exited since Q1 2014

10 rows
COF CAPITAL ONE FINL CORP0.4%$13.7m
CVX CHEVRON CORPORATION0.4%$11.7m
L LOEWS CORP0.3%$9.3m
E ENI SPA0.3%$8.4m
MOS MOSAIC CO0.2%$7.8m
BROOKFIELD PROPERTY PARTRS L no ticker0.10%$3.1m
POT1EUR POTASH CORP SASK INC0.09%$2.9m
APD AIR PRODUCTS AND CHEMICALS I0.09%$2.9m
FNF FIDELITY NATIONAL FINANCIAL0.07%$2.4m
CLMTUSD CALUMET SPECIALTY PRODS PART0.02%$517k

Sector mix

  • Unclassified37.1%
  • Consumer Cyclical14.2%
  • Financial Services11.1%
  • Consumer Defensive11.1%
  • Industrials9.2%
  • Healthcare6.1%
  • Technology4.1%
  • Communication Services3.7%
  • Real Estate1.7%
  • Energy1.0%
  • Basic Materials0.6%

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