WhaleCreep

Markel Group 13F holdings, Q3 2014

Investment holding companySEC filingsCompare with another fundHoldings as of 2014-09-30, filed 2014-11-12

Markel Group disclosed 104 US equity positions worth $3.5bn in its Q3 2014 13F filing. Its largest position is KMX at 6.5% of the reported book, followed by BRK/A and BRK/B. Versus Q2 2014 it opened 4 new positions, added to 40, reduced 2 and exited 5.

$3.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
104
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.5%
Largest position
The largest single position as a share of the reported equity book.
42.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
37
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 2014: 4 new, 40 added, 2 reduced, 5 exited

50 of 104
KMX CARMAX INCConsumer Cyclical6.5%$231m4.96m0.0%held
BRK/A BERKSHIRE HATHAWAY INC DEL–6.3%$223m1,0780.0%held
BRK/B BERKSHIRE HATHAWAY INC DEL–5.9%$209m1.51m0.0%held
BROOKFIELD ASSET MGMT INC no ticker–4.2%$148m3.29m+0.7%added
DEO DIAGEO PLCConsumer Defensive4.0%$142m1.23m+1.2%added
DIS DISNEY WALT COCommunication Services3.8%$135m1.51m+1.0%added
WALGREEN CO no ticker–3.6%$127m2.13m0.0%held
Fairfax Financial Holdings Ltd no ticker–3.5%$125m279,4590.0%held
MAR MARRIOTT INTL INC NEWConsumer Cyclical2.6%$93.0m1.33m+1.9%added
HD HOME DEPOT INCConsumer Cyclical2.4%$84.4m920,0000.0%held
WMT WALMART INCConsumer Defensive2.4%$84.0m1.10m0.0%held
EXMOC EXXON MOBIL CORP–2.3%$81.7m868,8000.0%held
GE GENERAL ELECTRIC COIndustrials2.1%$73.6m2.87m+2.1%added
UPS UNITED PARCEL SERVICE INCIndustrials2.0%$71.4m726,500+1.5%added
ADM ARCHER DANIELS MIDLAND COConsumer Defensive2.0%$70.3m1.38m0.0%held
FHI FEDERATED HERMES INCFinancial Services1.8%$62.7m2.13m0.0%held
COLFAX CORP no ticker–1.7%$61.8m1.09m0.0%held
JNJ JOHNSON & JOHNSONHealthcare1.7%$61.2m574,2000.0%held
WPC W P CAREY INCReal Estate1.7%$60.6m950,2000.0%held
UNH UNITEDHEALTH GROUP INCHealthcare1.6%$55.5m644,000+2.7%added
RLI RLI CORPFinancial Services1.5%$51.8m1.20m0.0%held
NVO NOVO-NORDISK A SHealthcare1.4%$51.2m1.07m0.0%held
UNILEVER PLC no ticker–1.4%$50.2m1.20m+31%added
GD GENERAL DYNAMICS CORPIndustrials1.4%$49.2m387,0000.0%held
BUD ANHEUSER BUSCH INBEV SA NVConsumer Defensive1.3%$47.1m425,000+2.4%added
DE DEERE & COIndustrials1.2%$44.3m540,000–new
ADP AUTOMATIC DATA PROCESSING INTechnology1.2%$44.1m530,700+0.6%added
V VISA INCFinancial Services1.1%$38.1m178,500+8.5%added
MSFT MICROSOFT CORPTechnology1.1%$37.9m818,0000.0%held
BF/A BROWN FORMAN CORP–1.1%$37.6m421,5000.0%held
INTC INTEL CORPTechnology1.0%$34.5m991,0000.0%held
BLK BLACKROCK INCFinancial Services1.0%$33.8m103,000+16%added
SLB SLB LIMITEDEnergy0.9%$33.3m327,000+5.5%added
NOVEUR NATIONAL OILWELL VARCO INC–0.9%$32.3m424,000+7.9%added
SCHW SCHWAB CHARLES CORPFinancial Services0.9%$31.1m1.06m0.0%held
AXP AMERICAN EXPRESS COFinancial Services0.9%$30.6m349,0000.0%held
MMM 3M COIndustrials0.8%$28.9m204,0000.0%held
LOW LOWES COS INCConsumer Cyclical0.8%$28.6m540,0000.0%held
WELLPOINT INC no ticker–0.7%$24.5m205,000+9.0%added
ORCL ORACLE CORPTechnology0.7%$24.4m638,0000.0%held
LIBERTY MEDIA CORP DELAWARE no ticker–0.7%$24.2m516,000–new
CAT CATERPILLAR INCIndustrials0.7%$23.9m241,0000.0%held
TEVA TEVA PHARMACEUTICAL INDS LTDHealthcare0.7%$23.9m444,000−36%reduced
MCO MOODYS CORPFinancial Services0.6%$22.9m242,000+6.6%added
CPRT COPART INCIndustrials0.6%$22.3m713,000+13%added
CB CHUBB CORPFinancial Services0.6%$20.4m224,000+30%added
TRV TRAVELERS COMPANIES INCFinancial Services0.6%$20.1m214,000+26%added
TROW PRICE T ROWE GROUP INCFinancial Services0.6%$19.6m250,0000.0%held
ITW ILLINOIS TOOL WKS INCIndustrials0.5%$19.4m230,0000.0%held
CVS CVS HEALTH CORPHealthcare0.5%$17.4m218,000+11%added

Exited since Q2 2014

5 rows
Deere & Co no ticker0.5%$17.2m
NTRS NORTHERN TR CORP0.3%$9.0m
Anheuser Busch no ticker0.03%$1.1m
HCCIUSD HERITAGE CRYSTAL CLEAN INC0.03%$903k
UTI UNIVERSAL TECHNICAL INST INC0.01%$410k

Sector mix

  • Unclassified35.9%
  • Consumer Cyclical14.0%
  • Financial Services11.5%
  • Consumer Defensive11.0%
  • Industrials10.3%
  • Healthcare5.9%
  • Technology4.3%
  • Communication Services3.8%
  • Real Estate1.7%
  • Energy0.9%
  • Basic Materials0.7%

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