WhaleCreep

Markel Group 13F holdings, Q2 2015

Investment holding companySEC filingsCompare with another fundHoldings as of 2015-06-30, filed 2015-08-14

Markel Group disclosed 112 US equity positions worth $4.0bn in its Q2 2015 13F filing. Its largest position is KMX at 8.1% of the reported book, followed by BRK/A and BRK/B. Versus Q1 2015 it opened 8 new positions, added to 52, reduced 0 and exited 3.

$4.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
112
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.1%
Largest position
The largest single position as a share of the reported equity book.
43.2%
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 2015: 8 new, 52 added, 0 reduced, 3 exited

50 of 112
KMX CARMAX INCConsumer Cyclical8.1%$325m4.91m0.0%held
BRK/A BERKSHIRE HATHAWAY INC DEL–5.5%$221m1,0780.0%held
BRK/B BERKSHIRE HATHAWAY INC DEL–5.1%$206m1.51m0.0%held
WBA WALGREENS BOOTS ALLIANCE INC–4.5%$180m2.13m0.0%held
DIS DISNEY WALT COCommunication Services4.4%$177m1.55m+0.7%added
BROOKFIELD ASSET MGMT INC no ticker–4.4%$175m5.00m+51%added
DEO DIAGEO PLCConsumer Defensive3.6%$145m1.25m+0.2%held
MAR MARRIOTT INTL INC NEWConsumer Cyclical2.6%$103m1.38m+1.1%added
HD HOME DEPOT INCConsumer Cyclical2.6%$102m920,0000.0%held
DE DEERE & COIndustrials2.4%$95.6m985,000+8.7%added
UNH UNITEDHEALTH GROUP INCHealthcare2.0%$80.9m663,0000.0%held
GE GENERAL ELECTRIC COIndustrials2.0%$78.7m2.96m0.0%held
WMT WALMART INCConsumer Defensive1.9%$77.9m1.10m0.0%held
EXMOC EXXON MOBIL CORP–1.8%$73.9m887,800+2.2%added
UPS UNITED PARCEL SERVICE INCIndustrials1.8%$73.2m755,500+1.5%added
FHI FEDERATED HERMES INCFinancial Services1.8%$71.5m2.13m0.0%held
ADM ARCHER DANIELS MIDLAND COConsumer Defensive1.7%$66.4m1.38m0.0%held
UNILEVER PLC no ticker–1.6%$63.2m1.47m+0.8%added
RLI RLI CORPFinancial Services1.5%$61.5m1.20m0.0%held
NVO NOVO-NORDISK A SHealthcare1.5%$58.9m1.07m0.0%held
WPC W P CAREY INCReal Estate1.4%$56.0m950,2000.0%held
JNJ JOHNSON & JOHNSONHealthcare1.4%$56.0m574,2000.0%held
V VISA INCFinancial Services1.4%$55.0m819,000+1.4%added
GD GENERAL DYNAMICS CORPIndustrials1.4%$54.8m387,0000.0%held
SLB SLB LIMITEDEnergy1.3%$53.6m622,000+14%added
BUD ANHEUSER BUSCH INBEV SA NVConsumer Defensive1.3%$51.3m425,0000.0%held
COLFAX CORP no ticker–1.3%$50.1m1.09m0.0%held
BLK BLACKROCK INCFinancial Services1.2%$48.4m140,000+8.5%added
BF/A BROWN FORMAN CORP–1.2%$47.0m421,5000.0%held
ADP AUTOMATIC DATA PROCESSING INTechnology1.1%$42.6m530,7000.0%held
ELV ELEVANCE HEALTH INCHealthcare0.9%$36.8m224,0000.0%held
LOW LOWES COS INCConsumer Cyclical0.9%$36.2m540,0000.0%held
SCHW SCHWAB CHARLES CORPFinancial Services0.9%$34.5m1.06m0.0%held
CPRT COPART INCIndustrials0.8%$33.6m946,000+6.2%added
MMM 3M COIndustrials0.8%$31.5m204,0000.0%held
INTC INTEL CORPTechnology0.8%$30.1m991,0000.0%held
MCO MOODYS CORPFinancial Services0.7%$30.0m278,000+4.1%added
CB CHUBB CORPFinancial Services0.7%$29.9m314,000+13%added
NOVEUR NATIONAL OILWELL VARCO INC–0.7%$29.5m610,000+6.1%added
AXP AMERICAN EXPRESS COFinancial Services0.7%$28.5m367,000+1.7%added
HAS HASBRO INCConsumer Cyclical0.7%$27.2m364,000+1.7%added
TRV TRAVELERS COMPANIES INCFinancial Services0.7%$26.1m270,000+4.2%added
CVS CVS HEALTH CORPHealthcare0.6%$25.9m247,000+0.8%added
MRSH MARSH & MCLENNAN COS INCFinancial Services0.6%$25.9m456,000+14%added
ORCL ORACLE CORPTechnology0.6%$25.7m638,0000.0%held
FDS FACTSET RESH SYS INCFinancial Services0.6%$24.7m152,000+7.8%added
ITW ILLINOIS TOOL WKS INCIndustrials0.5%$21.1m230,0000.0%held
CAT CATERPILLAR INCIndustrials0.5%$20.4m241,0000.0%held
MONSANTO CO NEW no ticker–0.5%$20.4m191,000+24%added
TROW PRICE T ROWE GROUP INCFinancial Services0.5%$19.7m254,000+1.6%added

Exited since Q1 2015

3 rows
MSFT MICROSOFT CORP0.3%$12.9m
CSCO CISCO SYS INC0.02%$633k
LGIH LGI HOMES INC0.01%$283k

Sector mix

  • Unclassified32.7%
  • Consumer Cyclical16.3%
  • Financial Services12.9%
  • Industrials11.3%
  • Consumer Defensive9.5%
  • Healthcare6.5%
  • Communication Services4.4%
  • Technology2.8%
  • Energy1.6%
  • Real Estate1.4%
  • 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