Markel Group Inc.

Insurer Superinvestor · Thomas Gayner

CIK

1096343

Location

Glen Allen, VA

Portfolio Value

Large $12,839,103,773

Diversification

Diversified

Reports for

Markel-Gayner Asset Management LLC

Filing Date

Global Rank

#457 / 8,823 ▼ 20 · as of Jun 2026

Top Industry

Insurance - Diversified 12.4%

Period ended 34 days ago

Filed Oct 30, 2026 · 4d

27 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Insurer

SEC filer profile, Oct 17, 2026

SIC code

6331

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, the newest measured quarter, never from the firm's own description.

Style

Diversified active

Top 10 weight 47.1%, 27.3 effective positions, active share 69.7% against the S&P 500 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

2.1% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 23.4 quarters (12+), a floor since 80.3% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2026-06-30, active share 69.7%; sector active share 44.9% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

145 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

12.4%

+0.2 pts

Top 5

33.3%

−0.0 pts

Top 10

47.0%

−0.1 pts

HHI

369

Diversified+2

Portfolio Trend

27 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	40.9%	$5,256,616,758	38
Industrials	15.5%	$1,995,710,623	34
Communication Services	11.7%	$1,505,083,463	7
Technology	11.1%	$1,426,276,284	16
Consumer Cyclical	9.8%	$1,257,165,013	18
Consumer Defensive	3.9%	$501,098,171	11
Basic Materials	3.4%	$434,030,856	10
Healthcare	3.1%	$399,085,962	6
Real Estate	0.3%	$32,413,223	3
Energy	0.2%	$31,623,420	2

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
ZTS	Zoetis Inc.	+359,101	425,296	$29,698,419
WY	Weyerhaeuser Co	+82,000	202,000	$3,848,100
ROL	Rollins Inc	+64,500	1,581,025	$47,620,473
EPD	Enterprise Products Partners L.P.	+43,000	612,000	$21,793,320
NFLX	Netflix Inc	+27,500	67,500	$4,696,650
RLI	Rli Corp	+27,378	2,421,922	$133,956,505
WSO	Watsco Inc	+25,260	623,010	$188,578,896
FNV	FRANCO NEVADA Corp	+13,500	787,000	$187,392,570
CSX	Csx Corp	+13,000	597,500	$27,789,725
OTIS	Otis Worldwide Corp	+12,000	145,620	$9,366,278
UFPI	Ufp Industries Inc	+10,000	14,000	$1,081,080
LOW	Lowes Companies Inc	+9,500	761,480	$140,333,148
HD	Home Depot, Inc.	+9,500	932,000	$265,144,679
SUNB	Sunbelt Rentals Holdings, Inc.	+8,846	983,207	$71,980,584
DIS	Walt Disney Co	+7,500	2,039,165	$213,908,408
CP	Canadian Pacific Kansas City Ltd	+6,500	79,500	$6,765,450
LPLA	LPL Financial Holdings Inc.	+6,181	566,132	$173,123,165
CARR	CARRIER GLOBAL Corp	+5,000	240,000	$13,166,400
UNP	Union Pacific Corp	+5,000	166,028	$45,181,199
LIN	Linde PLC	+5,000	220,600	$104,707,790
XOM	ExxonMobil Holdings Corp	+4,300	60,400	$9,830,100
APD	Air Products & Chemicals, Inc.	+4,250	92,750	$25,805,832
FERG	Ferguson Enterprises Inc.	+4,000	184,200	$41,006,604
TMO	Thermo Fisher Scientific Inc.	+1,000	74,100	$50,021,205
HCA	HCA Healthcare, Inc.	+606	84,972	$36,260,951
No positions match the current search.

Trimmed

Positions the filer reduced

8 positions

Ticker	Company	Δ Shares	Shares	Value
CMCSA	Comcast Corp	−513,740	288,334	$6,274,147
ABNB	Airbnb, Inc.	−169,034	73,355	$11,784,480
YUM	Yum Brands Inc	−103,154	142,059	$19,368,324
GOOGL	Alphabet Inc.	−52,025	519,975	$178,912,998
META	Meta Platforms, Inc.	−25,000	209,163	$151,680,823
BAM	Brookfield Asset Management Ltd.	−20,000	2,173,953	$96,914,824
DE	Deere & Co	−16,750	861,150	$578,305,282
COST	Costco Wholesale Corp	−5,402	33,748	$30,722,154
No positions match the current search.

New Positions

Positions the filer opened this quarter

16 positions

Ticker	Company	Shares	Value
ZBRA	Zebra Technologies Corp	6,300	$2,351,853
MBGL	Mobility Global Inc.	117,690	$2,018,383
SLAB	Silicon Laboratories Inc.	8,292	$1,837,341
TYL	Tyler Technologies Inc	5,400	$1,720,440
VGZ	Vista Gold Corp	615,000	$1,666,650
WSC	WillScot Holdings Corp	90,000	$1,546,200
XPO	XPO, Inc.	8,674	$1,526,450
XYL	Xylem Inc.	12,283	$1,243,899
WTS	Watts Water Technologies Inc	3,377	$1,196,065
VVV	Valvoline Inc	33,760	$1,017,526
XPEL	XPEL, Inc.	20,872	$921,916
TOST	Toast, Inc.	27,000	$782,730
XRN	Chiron Real Estate Inc.	21,631	$751,893
SITE	SiteOne Landscape Supply, Inc.	7,956	$718,506
CPRT	Copart Inc	10,000	$272,800
VMC	Vulcan Materials CO	958	$234,355
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
BRO	Brown & Brown, Inc.	14,000	$898,100
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

145 tracked positions · $12,839,103,773 total · filing declares 220 positions · $12,839,103,847 · as of Sep 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Showing 1–50 of 145 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	% of Portfolio
GOOG	Alphabet Inc. Communication Services	Held	2,749,860	0	$936,987,295	−3.6%	$344.72	7.30%
BRK-A	Berkshire Hathaway Inc Financial Services	Held	1,114	0	$832,163,570	−0.2%	$756,667.42	6.48%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	1,531,971	0	$762,844,958	−0.5%	$504.52	5.94%
DE	Deere & Co Industrials	Reduced	861,150	-16,750	$578,305,282	+3.8%	$636.05	4.50%
AMZN	Amazon Com Inc Consumer Cyclical	Held	2,030,760	0	$505,963,853	+4.5%	$254.08	3.94%
BN	BROOKFIELD Corp Financial Services	Held	13,073,609	0	$476,663,783	−14.4%	$41.29	3.71%
AAPL	Apple Inc. Technology	Held	1,227,290	0	$408,712,115	+15.1%	$321.20	3.18%
ADI	Analog Devices Inc Technology	Held	999,671	0	$396,579,482	−0.1%	$376.70	3.09%
V	Visa Inc. Financial Services	Held	1,013,912	0	$364,328,998	+4.7%	$365.53	2.84%
GS	Goldman Sachs Group Inc Financial Services	Held	359,360	0	$323,553,368	−11.0%	$1,023.15	2.52%
MSFT	Microsoft Corp Technology	Held	537,630	0	$275,750,426	+37.5%	$462.46	2.15%
CAT	Caterpillar Inc Industrials	Held	328,650	0	$266,466,132	−23.9%	$848.11	2.08%
HD	Home Depot, Inc. Consumer Cyclical	Added	932,000	+9,500	$265,144,679	−18.5%	$328.29	2.07%
BLK	BlackRock, Inc. Financial Services	Held	220,200	0	$233,035,457	+10.1%	$1,092.14	1.82%
DIS	Walt Disney Co Communication Services	Added	2,039,165	+7,500	$213,908,408	+9.4%	$102.46	1.67%
TXN	Texas Instruments Inc Technology	Held	724,000	0	$202,785,159	−6.0%	$276.51	1.58%
WSO	Watsco Inc Industrials	Added	623,010	+25,260	$188,578,896	−24.3%	$334.20	1.47%
FNV	FRANCO NEVADA Corp Basic Materials	Added	787,000	+13,500	$187,392,570	+16.2%	$237.95	1.46%
GOOGL	Alphabet Inc. Communication Services	Reduced	519,975	-52,025	$178,912,998	−12.5%	$347.07	1.39%
LPLA	LPL Financial Holdings Inc. Financial Services	Added	566,132	+6,181	$173,123,165	+9.8%	$339.95	1.35%
JNJ	Johnson & Johnson Healthcare	Held	610,800	0	$161,703,191	+4.2%	$263.82	1.26%
PGR	Progressive Corp Financial Services	Held	753,750	0	$156,259,912	−5.1%	$215.99	1.22%
META	Meta Platforms, Inc. Communication Services	Reduced	209,163	-25,000	$151,680,823	+15.0%	$624.16	1.18%
AXP	American Express Co Financial Services	Held	490,450	0	$149,145,845	−10.1%	$334.13	1.16%
LOW	Lowes Companies Inc Consumer Cyclical	Added	761,480	+9,500	$140,333,148	−15.4%	$207.59	1.09%
BX	Blackstone Inc. Financial Services	Held	1,229,000	0	$137,758,610	−4.7%	$130.83	1.07%
SCHW	Schwab Charles Corp Financial Services	Held	1,394,800	0	$136,327,751	+5.9%	$105.29	1.06%
RLI	Rli Corp Financial Services	Added	2,421,922	+27,378	$133,956,505	−5.3%	$61.66	1.04%
KKR	KKR & Co. Inc. Financial Services	Held	1,451,800	0	$132,549,340	−0.5%	$102.08	1.03%
MRSH	Marsh & Mclennan Companies, Inc. Financial Services	Held	763,500	0	$130,352,355	+2.4%	$182.92	1.02%
GD	General Dynamics Corp Industrials	Held	391,000	0	$129,745,530	−6.3%	$371.30	1.01%
ADM	Archer-Daniels-Midland Co Consumer Defensive	Held	1,505,800	0	$119,530,403	+3.9%	$81.95	0.93%
APO	Apollo Global Management, Inc. Financial Services	Held	1,012,500	0	$117,510,750	−1.9%	$126.91	0.92%
DEO	Diageo PLC Consumer Defensive	Held	1,372,208	0	$117,461,004	+6.5%	$88.00	0.91%
MA	Mastercard Inc Financial Services	Held	207,540	0	$114,452,083	+7.4%	$562.24	0.89%
NVO	Novo Nordisk A S Healthcare	Held	2,869,774	0	$108,793,131	−20.9%	$46.10	0.85%
LIN	Linde PLC Basic Materials	Added	220,600	+5,000	$104,707,790	−6.4%	$491.37	0.82%
DG	Dollar General Corp Consumer Defensive	Held	869,250	0	$103,944,915	+3.9%	$123.31	0.81%
MCO	Moodys Corp Financial Services	Held	213,890	0	$97,133,865	+0.3%	$485.32	0.76%
BAM	Brookfield Asset Management Ltd. Financial Services	Reduced	2,173,953	-20,000	$96,914,824	−1.5%	$48.81	0.75%
NSC	Norfolk Southern Corp Industrials	Held	282,500	0	$87,292,500	−1.8%	$331.23	0.68%
HEI-A	Heico Corp Industrials	Held	379,644	0	$86,684,113	−11.5%	$249.29	0.68%
ITW	Illinois Tool Works Inc Industrials	Held	327,500	0	$84,259,199	−4.9%	$277.65	0.66%
JPM	Jpmorgan Chase & Co Financial Services	Held	252,550	0	$83,551,116	+1.1%	$349.77	0.65%
MSCI	MSCI Inc. Financial Services	Held	142,850	0	$76,947,581	−3.8%	$571.81	0.60%
ECL	Ecolab Inc. Basic Materials	Held	274,300	0	$75,317,294	−1.4%	$277.71	0.59%
NVR	Nvr Inc Consumer Cyclical	Added	12,167	+70	$74,880,462	−9.1%	$6,343.99	0.58%
ODFL	Old Dominion Freight Line, Inc. Industrials	Held	429,150	0	$74,603,436	−19.7%	$204.65	0.58%
SUNB	Sunbelt Rentals Holdings, Inc. Industrials	Added	983,207	+8,846	$71,980,584	−1.3%	$74.53	0.56%
ROK	Rockwell Automation, Inc Industrials	Held	154,900	0	$67,432,617	−12.1%	$444.81	0.53%

Showing the top 50 of 145 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.