WhaleCreep

Markel Group 13F holdings, Q3 2020

Investment holding companySEC filingsCompare with another fundHoldings as of 2020-09-30, filed 2020-10-30

Markel Group disclosed 113 US equity positions worth $5.9bn in its Q3 2020 13F filing. Its largest position is BRK/A at 6.0% of the reported book, followed by BRK/B and AMZN. Versus Q2 2020 it opened 1 new position, added to 1, reduced 0 and exited 1.

$5.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
113
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
6.0%
Largest position
The largest single position as a share of the reported equity book.
42.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
40
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 2020: 1 new, 1 added, 0 reduced, 1 exited

50 of 113
BRK/A BERKSHIRE HATHAWAY INC DEL–6.0%$356m1,1140.0%held
BRK/B BERKSHIRE HATHAWAY INC DEL–5.5%$326m1.53m0.0%held
AMZN AMAZON COM INCConsumer Cyclical5.3%$310m98,4420.0%held
BROOKFIELD ASSET MGMT INC no ticker–4.9%$288m8.70m0.0%held
HD HOME DEPOT INCConsumer Cyclical4.3%$255m920,0000.0%held
DIS DISNEY WALT COCommunication Services3.9%$231m1.86m0.0%held
GOOG ALPHABET INCCommunication Services3.4%$202m137,4930.0%held
V VISA INCFinancial Services3.2%$191m956,6500.0%held
DEO DIAGEO PLCConsumer Defensive3.2%$186m1.35m0.0%held
DE DEERE & COIndustrials2.8%$168m755,8000.0%held
AAPL APPLE INCTechnology2.4%$139m1.20m+300%added
BLK BLACKROCK INCFinancial Services2.1%$124m220,2000.0%held
ADI ANALOG DEVICES INCTechnology1.8%$103m885,8110.0%held
TXN TEXAS INSTRS INCTechnology1.8%$103m724,0000.0%held
MSFT MICROSOFT CORPTechnology1.7%$101m478,6200.0%held
RLI RLI CORPFinancial Services1.7%$100m1.20m0.0%held
LOW LOWES COS INCConsumer Cyclical1.7%$97.6m588,5000.0%held
WSO WATSCO INCIndustrials1.6%$92.5m397,0000.0%held
JNJ JOHNSON & JOHNSONHealthcare1.5%$90.9m610,8000.0%held
NVO NOVO-NORDISK A SHealthcare1.3%$74.6m1.07m0.0%held
MA MASTERCARD INCFinancial Services1.2%$70.1m207,3700.0%held
MRSH MARSH & MCLENNAN COS INCFinancial Services1.2%$69.9m609,5000.0%held
GS GOLDMAN SACHS GROUP INCFinancial Services1.2%$68.9m342,8000.0%held
ADM ARCHER DANIELS MIDLAND COConsumer Defensive1.2%$68.7m1.48m0.0%held
BX BLACKSTONE INCFinancial Services1.1%$64.2m1.23m0.0%held
PGR PROGRESSIVE CORPFinancial Services1.1%$63.9m674,5000.0%held
ITW ILLINOIS TOOL WKS INCIndustrials1.1%$63.3m327,5000.0%held
ECL ECOLAB INCBasic Materials1.0%$61.8m309,3000.0%held
MCO MOODYS CORPFinancial Services1.0%$61.2m211,0800.0%held
BF/A BROWN FORMAN CORP–1.0%$57.9m843,0000.0%held
GD GENERAL DYNAMICS CORPIndustrials0.9%$53.6m387,0000.0%held
SPGI S&P GLOBAL INCFinancial Services0.9%$53.0m147,0000.0%held
WHR WHIRLPOOL CORPConsumer Cyclical0.8%$49.8m270,9390.0%held
NSC NORFOLK SOUTHERN CORPIndustrials0.8%$49.1m229,5000.0%held
MSCI MSCI INCFinancial Services0.8%$48.9m137,0000.0%held
AXP AMERICAN EXPRESS COFinancial Services0.8%$48.5m483,9500.0%held
KKR KKR & CO INCFinancial Services0.8%$47.4m1.38m0.0%held
NKE NIKE INCConsumer Cyclical0.8%$45.9m366,0000.0%held
SBUX STARBUCKS CORPConsumer Cyclical0.8%$45.4m527,8180.0%held
APOEUR APOLLO GLOBAL MGMT INC–0.8%$45.3m1.01m0.0%held
ROL ROLLINS INCConsumer Cyclical0.8%$44.9m828,8500.0%held
CAT CATERPILLAR INCIndustrials0.7%$42.9m287,5000.0%held
TROW PRICE T ROWE GROUP INCFinancial Services0.7%$40.3m314,0000.0%held
SCHW SCHWAB CHARLES CORPFinancial Services0.7%$39.7m1.10m0.0%held
FDS FACTSET RESH SYS INCFinancial Services0.7%$39.1m116,6800.0%held
NVR NVR INCConsumer Cyclical0.7%$38.8m9,4950.0%held
META META PLATFORMS INCCommunication Services0.6%$38.0m145,0000.0%held
MMM 3M COIndustrials0.6%$37.5m234,2000.0%held
SRCLEUR STERICYCLE INC–0.6%$37.4m593,7000.0%held
ACCENTURE PLC IRELAND no ticker–0.6%$36.0m159,4000.0%held

Exited since Q2 2020

1 row
IACIEUR IAC INTERACTIVECORP0.01%$525k

Sector mix

  • Unclassified23.4%
  • Financial Services21.6%
  • Consumer Cyclical15.9%
  • Industrials10.5%
  • Communication Services9.2%
  • Technology8.3%
  • Consumer Defensive5.3%
  • Healthcare3.4%
  • Basic Materials2.1%
  • Real Estate0.2%

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