WhaleCreep

Markel Group 13F holdings, Q2 2018

Investment holding companySEC filingsCompare with another fundHoldings as of 2018-06-30, filed 2018-08-03

Markel Group disclosed 133 US equity positions worth $5.4bn in its Q2 2018 13F filing. Its largest position is KMX at 6.6% of the reported book, followed by BRK/A and BRK/B. Versus Q1 2018 it opened 11 new positions, added to 44, reduced 1 and exited 15.

$5.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
133
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.6%
Largest position
The largest single position as a share of the reported equity book.
41.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
41
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 2018: 11 new, 44 added, 1 reduced, 15 exited

50 of 133
KMX CARMAX INCConsumer Cyclical6.6%$358m4.91m0.0%held
BRK/A BERKSHIRE HATHAWAY INC DEL–5.7%$309m1,096+0.2%held
BRK/B BERKSHIRE HATHAWAY INC DEL–5.2%$283m1.52m+0.2%held
BROOKFIELD ASSET MGMT INC no ticker–4.2%$228m5.62m+1.3%added
DEO DIAGEO PLCConsumer Defensive3.6%$194m1.35m0.0%held
MAR MARRIOTT INTL INC NEWConsumer Cyclical3.5%$192m1.52m+0.5%held
DIS DISNEY WALT COCommunication Services3.4%$185m1.77m+1.5%added
HD HOME DEPOT INCConsumer Cyclical3.3%$179m920,0000.0%held
UNH UNITEDHEALTH GROUP INCHealthcare3.0%$163m663,0000.0%held
DE DEERE & COIndustrials2.8%$153m1.10m0.0%held
AMZN AMAZON COM INCConsumer Cyclical2.7%$149m87,420+3.2%added
WBA WALGREENS BOOTS ALLIANCE INC–2.4%$129m2.15m+0.6%added
GOOG ALPHABET INCCommunication Services2.2%$122m109,524+5.6%added
V VISA INCFinancial Services2.2%$122m920,4000.0%held
BLK BLACKROCK INCFinancial Services1.8%$95.8m191,900+2.3%added
UNILEVER PLC no ticker–1.5%$84.4m1.53m0.0%held
RLI RLI CORPFinancial Services1.5%$79.2m1.20m0.0%held
JNJ JOHNSON & JOHNSONHealthcare1.4%$74.1m610,8000.0%held
GD GENERAL DYNAMICS CORPIndustrials1.3%$72.1m387,0000.0%held
ADP AUTOMATIC DATA PROCESSING INTechnology1.3%$71.2m530,7000.0%held
TXN TEXAS INSTRS INCTechnology1.2%$67.5m612,000+6.4%added
ADM ARCHER DANIELS MIDLAND COConsumer Defensive1.2%$67.1m1.46m0.0%held
ADI ANALOG DEVICES INCTechnology1.1%$61.1m636,811+8.3%added
LOW LOWES COS INCConsumer Cyclical1.0%$54.5m570,0000.0%held
SCHW SCHWAB CHARLES CORPFinancial Services1.0%$54.0m1.06m0.0%held
ELV ELEVANCE HEALTH INCHealthcare1.0%$53.3m224,0000.0%held
MRSH MARSH & MCLENNAN COS INCFinancial Services0.9%$50.0m609,5000.0%held
NVO NOVO-NORDISK A SHealthcare0.9%$49.6m1.07m0.0%held
WSO WATSCO INCIndustrials0.9%$49.2m276,000+6.8%added
WPC W P CAREY INCReal Estate0.9%$46.5m700,200−26%reduced
BF/A BROWN FORMAN CORP–0.8%$41.2m843,0000.0%held
OAK OAKTREE CAP GROUP LLC–0.7%$40.8m1.00m+4.5%added
MMM 3M COIndustrials0.7%$40.1m204,0000.0%held
ITIC INVESTORS TITLE COFinancial Services0.7%$39.4m213,3000.0%held
TRV TRAVELERS COMPANIES INCFinancial Services0.7%$38.5m315,0000.0%held
AXP AMERICAN EXPRESS COFinancial Services0.7%$37.8m386,0000.0%held
CAT CATERPILLAR INCIndustrials0.7%$37.7m278,0000.0%held
ECL ECOLAB INCBasic Materials0.7%$36.6m260,800+5.0%added
TROW PRICE T ROWE GROUP INCFinancial Services0.7%$36.5m314,0000.0%held
MA MASTERCARD INCFinancial Services0.7%$35.8m182,1000.0%held
MSFT MICROSOFT CORPTechnology0.7%$35.6m361,000+6.5%added
COLFAX CORP no ticker–0.6%$34.8m1.14m0.0%held
NSC NORFOLK SOUTHERN CORPIndustrials0.6%$34.6m229,5000.0%held
BXUSD BLACKSTONE GROUP L P–0.6%$34.4m1.07m+8.1%added
MCO MOODYS CORPFinancial Services0.6%$34.1m200,0000.0%held
HAS HASBRO INCConsumer Cyclical0.6%$33.6m364,0000.0%held
ITW ILLINOIS TOOL WKS INCIndustrials0.6%$31.9m230,0000.0%held
BA BOEING COIndustrials0.6%$31.7m94,4000.0%held
SPGI S&P GLOBAL INCFinancial Services0.6%$30.0m147,0000.0%held
DISCKUSD DISCOVERY INC–0.5%$29.8m1.17m+7.0%added

Exited since Q1 2018

15 rows
BROOKFIELD BUSINESS PARTNERS no ticker0.07%$3.7m
RBAGBP RITCHIE BROS AUCTIONEERS0.07%$3.6m
FLS FLOWSERVE CORP0.06%$2.9m
GILD GILEAD SCIENCES INC0.05%$2.5m
IBM INTERNATIONAL BUSINESS MACHS0.05%$2.4m
LIBERTY MEDIA CORP DEL no ticker0.04%$2.3m
BDX BECTON DICKINSON & CO0.04%$1.9m
UA UNDER ARMOUR INC0.03%$1.6m
BAX BAXTER INTL INC0.03%$1.4m
LIBERTY MEDIA CORP DEL no ticker0.02%$968k
HRL HORMEL FOODS CORP0.01%$652k
BMY BRISTOL-MYERS SQUIBB CO0.01%$632k
HEI HEICO CORP NEW0.01%$407k
MRK MERCK & CO. INC0.01%$305k
NVS NOVARTIS AG0.01%$299k

Sector mix

  • Unclassified28.5%
  • Consumer Cyclical19.6%
  • Financial Services14.9%
  • Industrials9.6%
  • Communication Services7.1%
  • Healthcare6.7%
  • Consumer Defensive5.9%
  • Technology5.4%
  • Basic Materials1.2%
  • Real Estate0.9%

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