Markel Group Inc.

Superinvestor · Thomas Gayner

CIK

1096343

Location

Glen Allen, VA

Portfolio Value

Small $420,286,187

Diversification

Diversified

Filing Date

Global Rank

#412 / 8,588 ▲ 1

Top Industry

Asset Management 13.0%

3Y Alpha vs SPY

-7.8%

Period ended 3 months ago

Filed May 1, 2026 · 47d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+46.9%

SPY

+76.8%

Annualised alpha

-7.2%

Max drawdown

−18.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

125 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.2%

−0.0 pts

Top 5

24.4%

+0.2 pts

Top 10

38.6%

+0.4 pts

HHI

236

Diversified−1

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	41.7%	$4,276,201,533	38
Industrials	17.3%	$1,771,430,745	26
Consumer Cyclical	12.5%	$1,284,685,458	16
Technology	10.6%	$1,091,386,414	11
Communication Services	5.3%	$542,532,530	5
Consumer Defensive	4.8%	$490,544,954	11
Basic Materials	4.1%	$420,286,187	8
Healthcare	3.3%	$339,817,340	6
Real Estate	0.2%	$24,872,905	2
Energy	0.2%	$15,617,700	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CSX	Csx Corp	+90,000	530,000	$21,756,500
NSP	Insperity, Inc.	+28,463	181,336	$4,903,325
FNV	FRANCO NEVADA Corp	+25,000	708,500	$175,034,925
YUM	Yum Brands Inc	+18,762	245,213	$38,125,717
FDS	Factset Research Systems Inc	+13,503	135,376	$29,375,238
ROL	Rollins Inc	+9,000	1,498,025	$80,009,514
CNI	Canadian National Railway Co	+9,000	53,500	$5,498,195
NSC	Norfolk Southern Corp	+9,000	282,500	$81,077,500
XOM	Exxon Mobil Corp	+9,000	47,000	$7,974,020
UNP	Union Pacific Corp	+9,000	150,278	$36,460,448
CP	Canadian Pacific Kansas City Ltd/Cn	+9,000	59,500	$4,680,270
CCK	Crown Holdings, Inc.	+8,000	220,000	$22,055,000
ICE	Intercontinental Exchange, Inc.	+8,000	28,870	$4,540,673
LAMR	Lamar Advertising Co/New	+8,000	193,000	$24,445,380
SCHW	Schwab Charles Corp	+8,000	1,383,800	$130,049,524
HSY	Hershey Co	+7,500	75,000	$15,591,750
ODFL	Old Dominion Freight Line, Inc.	+7,500	429,150	$83,855,910
FERG	Ferguson Enterprises Inc. /DE/	+7,200	170,700	$39,817,482
V	Visa Inc.	+5,046	1,004,331	$303,549,001
TSN	Tyson Foods, Inc.	+5,000	889,500	$56,990,265
LIN	Linde PLC	+4,500	204,600	$101,432,496
WSO	Watsco Inc	+4,500	582,169	$211,787,260
TMO	Thermo Fisher Scientific Inc.	+4,300	67,100	$32,981,663
MAR	Marriott International Inc /Md/	+4,000	93,750	$30,662,812
APD	Air Products & Chemicals, Inc.	+4,000	75,500	$21,931,995
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
SPGI	S&P Global Inc.	−33,000	117,690	$50,058,264
UNH	Unitedhealth Group Inc	−7,800	18,700	$5,060,033
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
SUNB	Sunbelt Rentals Holdings, Inc.	963,361	$62,705,167
MELI	Mercadolibre Inc	5,450	$9,423,159
EPD	Enterprise Products Partners L.P.	202,000	$7,643,680
WY	Weyerhaeuser Co	17,500	$427,525
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
TGT	Target Corp	133,000	$13,000,750
CHH	Choice Hotels International Inc /De	115,500	$11,002,530
TRU	TransUnion	2,000	$171,500
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

8 positions · $420,286,187 total · Basic Materials only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	% of Portfolio
EXP	Eagle Materials Inc Basic Materials	Held	14,750	0	$2,794,387	−8.3%	$212.79	0.66%
EMN	Eastman Chemical Co Basic Materials	Held	74,950	0	$5,720,184	+19.6%	$72.08	1.36%
SMG	Scotts Miracle-Gro Co Basic Materials	Held	168,000	0	$10,216,080	+4.2%	$64.67	2.43%
APD	Air Products & Chemicals, Inc. Basic Materials	Added	75,500	+4,000	$21,931,995	+24.2%	$275.72	5.22%
SHW	Sherwin Williams Co Basic Materials	Held	94,172	0	$30,186,834	−1.1%	$344.24	7.18%
ECL	Ecolab Inc. Basic Materials	Held	274,300	0	$72,969,286	+1.3%	$282.22	17.36%
LIN	Linde PLC Basic Materials	Added	204,600	+4,500	$101,432,496	+18.9%	$471.81	24.13%
FNV	FRANCO NEVADA Corp Basic Materials	Added	708,500	+25,000	$175,034,925	+23.5%	$247.39	41.65%