Markel Group 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Markel Group disclosed 128 US equity positions worth $5.8bn in its Q4 2025 13F filing. The largest position was BRK/B at 19.2% of the reported book, followed by BRK/A and BN. Against the Q3 2025 filing, it opened 0 new positions, added to 16 and reduced 1 among the top 50 holdings.
What did Markel Group own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | BRK/B BERKSHIRE HATHAWAY INC DEL | 19.2% | $1.1bn | 1,531,971 | 0% | held | |
| 2 | BRK/A BERKSHIRE HATHAWAY INC DEL | 15.4% | $890.7m | 1,114 | 0% | held | |
| 3 | BN BROOKFIELD CORP | Financial Services | 7.5% | $436.7m | 13,073,609 | 50% | added |
| 4 | DE DEERE & CO | Industrials | 7.1% | $408.7m | 877,900 | 0% | held |
| 5 | HD HOME DEPOT INC | Consumer Cyclical | 3.3% | $190.6m | 920,000 | 0% | held |
| 6 | GOOG ALPHABET INC | Communication Services | 3.2% | $186.5m | 2,749,860 | 0% | held |
| 7 | LOW LOWES COS INC | Consumer Cyclical | 3.1% | $177.1m | 734,480 | 1% | added |
| 8 | FNV FRANCO NEV CORP | Basic Materials | 2.4% | $141.7m | 683,500 | 13% | added |
| 9 | BAM BROOKFIELD ASSET MANAGMT LTD | Financial Services | 2.2% | $129.8m | 2,193,953 | 0% | held |
| 10 | NVO NOVO-NORDISK A S | Healthcare | 2.1% | $121.3m | 2,869,774 | 21% | added |
| 11 | DIS DISNEY WALT CO | Communication Services | 1.8% | $103.4m | 2,031,665 | 0% | held |
| 12 | DEO DIAGEO PLC | Consumer Defensive | 1.7% | $101.0m | 1,371,708 | 0% | held |
| 13 | HEI/A HEICO CORP NEW | 1.7% | $95.8m | 379,644 | 0% | held | |
| 14 | JPM JPMORGAN CHASE & CO. | Financial Services | 1.4% | $81.4m | 252,550 | 0% | held |
| 15 | AMZN AMAZON COM INC | Consumer Cyclical | 1.2% | $68.5m | 2,030,760 | 0% | held |
| 16 | V VISA INC | Financial Services | 0.9% | $53.4m | 999,285 | 0% | held |
| 17 | ITIC INVESTORS TITLE CO NC | Financial Services | 0.9% | $53.2m | 213,300 | 0% | held |
| 18 | GOOGL ALPHABET INC | Communication Services | 0.8% | $45.1m | 572,000 | 0% | held |
| 19 | HGTY HAGERTY INC | 0.7% | $41.8m | 3,108,000 | 0% | held | |
| 20 | GS GOLDMAN SACHS GROUP INC | Financial Services | 0.7% | $41.6m | 359,360 | 0% | held |
| 21 | HCA HCA HEALTHCARE INC | Healthcare | 0.7% | $37.7m | 80,680 | 7% | added |
| 22 | FERG FERGUSON ENTERPRISES INC | Industrials | 0.6% | $36.4m | 163,500 | 11% | added |
| 23 | TMO THERMO FISHER SCIENTIFIC INC | Healthcare | 0.6% | $36.4m | 62,800 | 13% | added |
| 24 | YUM YUM BRANDS INC | Consumer Cyclical | 0.6% | $34.3m | 226,451 | 0% | held |
| 25 | COST COSTCO WHSL CORP NEW | Consumer Defensive | 0.6% | $33.8m | 39,150 | 0% | held |
| 26 | ABNB AIRBNB INC | Consumer Cyclical | 0.6% | $32.6m | 240,289 | 6% | added |
| 27 | ALL ALLSTATE CORP | Financial Services | 0.6% | $32.2m | 154,550 | 0% | held |
| 28 | LMT LOCKHEED MARTIN CORP | Industrials | 0.5% | $31.2m | 64,513 | 4% | added |
| 29 | SHW SHERWIN WILLIAMS CO | Basic Materials | 0.5% | $30.5m | 94,172 | 0% | held |
| 30 | GD GENERAL DYNAMICS CORP | Industrials | 0.5% | $29.6m | 391,000 | 0% | held |
| 31 | META META PLATFORMS INC | Communication Services | 0.5% | $28.5m | 248,303 | -11% | reduced |
| 32 | NKE NIKE INC | Consumer Cyclical | 0.5% | $28.5m | 447,400 | 0% | held |
| 33 | WSO WATSCO INC | Industrials | 0.5% | $28.0m | 577,669 | 2% | added |
| 34 | MAR MARRIOTT INTL INC NEW | Consumer Cyclical | 0.5% | $27.8m | 89,750 | 23% | added |
| 35 | PGR PROGRESSIVE CORP | Financial Services | 0.5% | $27.3m | 753,750 | 0% | held |
| 36 | AAPL APPLE INC | Technology | 0.5% | $26.2m | 1,227,290 | 0% | held |
| 37 | SCHW SCHWAB CHARLES CORP | Financial Services | 0.4% | $25.8m | 1,375,800 | 1% | added |
| 38 | BLK BLACKROCK INC | Financial Services | 0.4% | $25.7m | 220,200 | 0% | held |
| 39 | URI UNITED RENTALS INC | Industrials | 0.4% | $25.2m | 31,150 | 0% | held |
| 40 | RLI RLI CORP | Financial Services | 0.4% | $24.7m | 2,394,544 | 0% | held |
| 41 | LAMR LAMAR ADVERTISING CO NEW | Real Estate | 0.4% | $23.4m | 185,000 | 9% | added |
| 42 | MSFT MICROSOFT CORP | Technology | 0.4% | $22.8m | 535,680 | 1% | added |
| 43 | MA MASTERCARD INCORPORATED | Financial Services | 0.4% | $22.8m | 207,540 | 0% | held |
| 44 | CSCO CISCO SYS INC | Technology | 0.4% | $22.8m | 355,500 | 0% | held |
| 45 | MCO MOODYS CORP | Financial Services | 0.4% | $21.6m | 213,890 | 0% | held |
| 46 | RTX RTX CORPORATION | Industrials | 0.3% | $20.0m | 224,000 | 0% | held |
| 47 | ADM ARCHER DANIELS MIDLAND CO | Consumer Defensive | 0.3% | $19.6m | 1,505,800 | 0% | held |
| 48 | PM PHILIP MORRIS INTL INC | Consumer Defensive | 0.3% | $18.4m | 114,500 | 0% | held |
| 49 | APD AIR PRODS & CHEMS INC | Basic Materials | 0.3% | $17.7m | 71,500 | 10% | added |
| 50 | NSC NORFOLK SOUTHN CORP | Industrials | 0.3% | $16.7m | 273,500 | 7% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.