WhaleCreep

Markel Group 13F holdings, Q3 2021

Investment holding companySEC filingsCompare with another fundHoldings as of 2021-09-30, filed 2021-11-05

Markel Group disclosed 125 US equity positions worth $7.9bn in its Q3 2021 13F filing. Its largest position is BROOKFIELD ASSET MGMT INC at 5.9% of the reported book, followed by BRK/A and BRK/B. Versus Q2 2021 it opened 3 new positions, added to 18, reduced 1 and exited 3.

$7.9bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
125
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.9%
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.
39
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 2021: 3 new, 18 added, 1 reduced, 3 exited

50 of 125
BROOKFIELD ASSET MGMT INC no ticker–5.9%$466m8.72m0.0%held
BRK/A BERKSHIRE HATHAWAY INC DEL–5.8%$458m1,1140.0%held
BRK/B BERKSHIRE HATHAWAY INC DEL–5.3%$418m1.53m0.0%held
GOOG ALPHABET INCCommunication Services4.6%$366m137,4930.0%held
AMZN AMAZON COM INCConsumer Cyclical4.1%$324m98,5180.0%held
DIS DISNEY WALT COCommunication Services4.0%$315m1.86m0.0%held
HD HOME DEPOT INCConsumer Cyclical3.8%$302m920,0000.0%held
DEO DIAGEO PLCConsumer Defensive3.3%$261m1.35m0.0%held
DE DEERE & COIndustrials3.2%$253m755,8000.0%held
V VISA INCFinancial Services2.7%$213m958,0400.0%held
BLK BLACKROCK INCFinancial Services2.3%$185m220,2000.0%held
ADI ANALOG DEVICES INCTechnology2.2%$177m1.06m+19%added
AAPL APPLE INCTechnology2.1%$170m1.20m0.0%held
BX BLACKSTONE INCFinancial Services1.8%$143m1.23m0.0%held
TXN TEXAS INSTRS INCTechnology1.8%$139m724,0000.0%held
MSFT MICROSOFT CORPTechnology1.7%$135m479,9800.0%held
GS GOLDMAN SACHS GROUP INCFinancial Services1.6%$130m343,8600.0%held
RLI RLI CORPFinancial Services1.5%$120m1.20m0.0%held
LOW LOWES COS INCConsumer Cyclical1.5%$119m588,9800.0%held
WSO WATSCO INCIndustrials1.4%$110m414,250+1.9%added
NVO NOVO-NORDISK A SHealthcare1.3%$103m1.07m0.0%held
JNJ JOHNSON & JOHNSONHealthcare1.2%$98.6m610,8000.0%held
MRSH MARSH & MCLENNAN COS INCFinancial Services1.2%$92.3m609,5000.0%held
ADM ARCHER DANIELS MIDLAND COConsumer Defensive1.1%$87.8m1.46m0.0%held
KKR KKR & CO INCFinancial Services1.1%$86.2m1.42m+0.6%added
MSCI MSCI INCFinancial Services1.1%$83.3m137,0000.0%held
AXP AMERICAN EXPRESS COFinancial Services1.0%$81.1m484,2500.0%held
SCHW SCHWAB CHARLES CORPFinancial Services1.0%$79.8m1.10m0.0%held
GD GENERAL DYNAMICS CORPIndustrials1.0%$75.9m387,0000.0%held
MCO MOODYS CORPFinancial Services0.9%$75.0m211,2400.0%held
MA MASTERCARD INCFinancial Services0.9%$72.2m207,5400.0%held
ITW ILLINOIS TOOL WKS INCIndustrials0.9%$67.7m327,5000.0%held
ECL ECOLAB INCBasic Materials0.8%$64.5m309,3000.0%held
PGR PROGRESSIVE CORPFinancial Services0.8%$63.5m702,500+1.3%added
SPGI S&P GLOBAL INCFinancial Services0.8%$63.1m148,5400.0%held
APOEUR APOLLO GLOBAL MGMT INC–0.8%$62.4m1.01m0.0%held
TROW PRICE T ROWE GROUP INCFinancial Services0.8%$61.8m314,0000.0%held
CG CARLYLE GROUP INCFinancial Services0.7%$58.4m1.24m+0.9%added
SBUX STARBUCKS CORPConsumer Cyclical0.7%$58.3m528,3180.0%held
WHR WHIRLPOOL CORPConsumer Cyclical0.7%$57.3m280,949+1.5%added
CAT CATERPILLAR INCIndustrials0.7%$55.2m287,5000.0%held
NSC NORFOLK SOUTHERN CORPIndustrials0.7%$54.9m229,5000.0%held
NKE NIKE INCConsumer Cyclical0.7%$53.2m366,0000.0%held
BF/A BROWN FORMAN CORP–0.7%$52.8m843,0000.0%held
COLFAX CORP no ticker–0.7%$52.1m1.14m0.0%held
ACCENTURE PLC IRELAND no ticker–0.6%$51.0m159,4000.0%held
META META PLATFORMS INCCommunication Services0.6%$50.2m147,8030.0%held
FDS FACTSET RESH SYS INCFinancial Services0.6%$46.1m116,7200.0%held
NVR NVR INCConsumer Cyclical0.6%$45.7m9,5390.0%held
REGN REGENERON PHARMACEUTICALSHealthcare0.6%$45.0m74,300+11%added

Exited since Q2 2021

3 rows
MXIM MAXIM INTEGRATED PRODS INC0.3%$26.6m
WIX WIX COM LTD0.0%$348k
NFLX NETFLIX INC.0.0%$227k

Sector mix

  • Financial Services23.0%
  • Unclassified23.0%
  • Consumer Cyclical13.4%
  • Industrials10.4%
  • Communication Services10.2%
  • Technology8.5%
  • Consumer Defensive5.4%
  • Healthcare3.8%
  • Basic Materials1.9%
  • Real Estate0.2%
  • Energy0.1%

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