Markel Group portfolio: Q2 2026 13F holdings
Tom Gayner. The insurer often called a 'baby Berkshire'. Tom Gayner runs its stock portfolio.
The Q3 2026 13F is due by 2026-11-16. This page switches to it as soon as it lands on SEC EDGAR (checked hourly).
Portfolio value$13.1B+10% vs Q1 2026
Positions128127 in Q1 2026
New · sold out3 · 2added 8, trimmed 1
Top 1044%of the portfolio
Markel Group reported 128 US stock positions worth $13.1B at the end of Q2 2026, against $11.9B in 127 positions at the end of Q1 2026. The ten largest are 44% of the portfolio, led by Alphabet (Class A) (9.0%), Berkshire Hathaway Inc Del and Berkshire Hathaway. Over the quarter it opened 3 new positions (Zoetis, Netflix and Ufp Industries Inc), sold out of 2 (Scotts Miracle-gro CO and UnitedHealth Group), added to 8 and trimmed 1.
Biggest buys in Q2 2026
Mercadolibre Inc+340% +$31.5M
Enterprise Prods Partners L+182% +$13.5M
Zoetisnew +$4.8M
Air Products+17% +$3.8M
Netflixnew +$2.9M
CSX+10% +$2.6M
Weyerhaeuser+586% +$2.5M
Otis Worldwide+17% +$1.4M
Biggest sells in Q2 2026
Scotts Miracle-gro COsold out −$10.2M
UnitedHealth Groupsold out −$5.1M
Comcast-17% −$3.9M
128 positions · Q2 2026
Everything Markel Group owns
| Company | % of portfolio | Value | Shares | vs Q1 2026 | Upside | The rule |
|---|---|---|---|---|---|---|
| GOOGLAlphabet (Class A) | 9.0% | $1.2B | 3,321,860 | same | -5% | Members only |
| Berkshire Hathaway Inc Del | 6.4% | $834.2M | 1,114 | same | — | — |
| BRK.BBerkshire Hathaway | 5.8% | $766.6M | 1,531,971 | same | -12% | Members only |
| DEDeere & Company | 4.2% | $556.9M | 877,900 | same | -86% | Members only |
| Brookfield Corp | 4.2% | $556.8M | 13,073,609 | same | — | — |
| AMZNAmazon | 3.7% | $484.0M | 2,030,760 | same | +46% | Members only |
| ADIAnalog Devices | 3.0% | $397.0M | 999,671 | -2% | -46% | Members only |
| GSGoldman Sachs | 2.8% | $363.4M | 359,360 | same | +7% | Members only |
| AAPLApple | 2.7% | $355.1M | 1,227,290 | same | -42% | Members only |
| CATCaterpillar | 2.7% | $350.0M | 328,650 | same | -45% | Members only |
| VVisa | 2.6% | $347.9M | 1,013,912 | +1% | -21% | Members only |
| HDHome Depot | 2.5% | $325.3M | 922,500 | same | -24% | Members only |
| Watsco Inc | 1.9% | $249.1M | 597,750 | +3% | — | — |
| TXNTexas Instruments | 1.6% | $215.8M | 724,000 | same | -44% | Members only |
| BLKBlackRock | 1.6% | $211.7M | 220,200 | same | -50% | Members only |
| MSFTMicrosoft | 1.5% | $200.5M | 537,630 | same | -4% | Members only |
| DISWalt Disney | 1.5% | $195.5M | 2,031,665 | same | -31% | Members only |
| AXPAmerican Express | 1.3% | $165.9M | 490,450 | same | -59% | Members only |
| LOWLowe's | 1.3% | $165.8M | 751,980 | +2% | -35% | Members only |
| PGRProgressive | 1.3% | $164.7M | 753,750 | same | -9% | Members only |
| Franco Nev Corp | 1.2% | $161.2M | 773,500 | +9% | — | — |
| Lpl Finl Hldgs Inc | 1.2% | $157.7M | 559,951 | same | — | — |
| JNJJohnson & Johnson | 1.2% | $155.1M | 610,800 | same | -45% | Members only |
| BXBlackstone | 1.1% | $144.6M | 1,229,000 | same | -66% | Members only |
| Rli Corp | 1.1% | $141.4M | 2,394,544 | same | — | — |
| GDGeneral Dynamics | 1.1% | $138.5M | 391,000 | same | +35% | Members only |
| Novo-nordisk A S | 1.0% | $137.6M | 2,869,774 | same | — | — |
| KKRKKR | 1.0% | $133.2M | 1,451,800 | same | -57% | Members only |
| METAMeta Platforms | 1.0% | $131.9M | 234,163 | -6% | +14% | Members only |
| SCHWCharles Schwab | 1.0% | $128.7M | 1,394,800 | +1% | -1% | Members only |
| MRSHMarsh McLennan | 1.0% | $127.3M | 763,500 | same | -6% | Members only |
| APOApollo Global Management | 0.9% | $119.8M | 1,012,500 | same | -76% | Members only |
| ADMArcher Daniels Midland | 0.9% | $115.0M | 1,505,800 | same | -48% | Members only |
| LINLinde | 0.9% | $111.9M | 215,600 | +5% | -68% | Members only |
| Diageo Plc | 0.8% | $110.3M | 1,372,208 | same | — | — |
| MAMastercard | 0.8% | $106.6M | 207,540 | same | +0% | Members only |
| DGDollar General | 0.8% | $100.1M | 869,250 | same | +67% | Members only |
| Brookfield Asset Managmt Ltd | 0.7% | $98.4M | 2,193,953 | same | — | — |
| Heico Corp New | 0.7% | $97.9M | 379,644 | same | — | — |
| MCOMoody's | 0.7% | $96.9M | 213,890 | same | -29% | Members only |
| ODFLOld Dominion | 0.7% | $93.0M | 429,150 | same | -59% | Members only |
| NSCNorfolk Southern | 0.7% | $88.9M | 282,500 | same | -74% | Members only |
| ITWIllinois Tool Works | 0.7% | $88.6M | 327,500 | same | -50% | Members only |
| JPMJPMorgan Chase | 0.6% | $82.7M | 252,550 | same | -5% | Members only |
| NVRNVR | 0.6% | $82.4M | 12,097 | same | +2% | Members only |
| MSCIMSCI | 0.6% | $80.0M | 142,850 | same | -37% | Members only |
| ROKRockwell Automation | 0.6% | $76.7M | 154,900 | same | -42% | Members only |
| ECLEcolab | 0.6% | $76.4M | 274,300 | same | -66% | Members only |
| Sunbelt Rentals Holdings Inc | 0.6% | $72.9M | 974,361 | +1% | — | — |
| SBUXStarbucks | 0.5% | $63.7M | 623,818 | same | -62% | Members only |
| ROLRollins | 0.5% | $63.3M | 1,516,525 | +1% | +2% | Members only |
| Hanover Ins Group Inc | 0.5% | $60.2M | 281,000 | same | — | — |
| Investors Title CO NC | 0.4% | $58.4M | 213,300 | same | — | — |
| Carlyle Group Inc | 0.4% | $55.9M | 1,327,000 | same | — | — |
| TSNTyson Foods | 0.4% | $52.3M | 913,500 | +3% | -49% | Members only |
| SPGIS&P Global | 0.4% | $47.9M | 117,690 | same | -16% | Members only |
| AONAon | 0.3% | $45.0M | 135,800 | same | -9% | Members only |
| UNPUnion Pacific | 0.3% | $43.8M | 161,028 | +7% | -52% | Members only |
| FERGFerguson Enterprises | 0.3% | $42.8M | 180,200 | +6% | -33% | Members only |
| RTXRTX | 0.3% | $42.5M | 224,000 | same | -22% | Members only |
| CSCOCisco | 0.3% | $41.8M | 355,500 | same | -22% | Members only |
| Mercadolibre Inc | 0.3% | $40.7M | 24,000 | +340% | — | — |
| YUMYum! Brands | 0.3% | $39.2M | 245,213 | same | -24% | Members only |
| MARMarriott International | 0.3% | $36.9M | 99,500 | +6% | -53% | Members only |
| ALLAllstate | 0.3% | $36.8M | 154,550 | same | +35% | Members only |
| TMOThermo Fisher Scientific | 0.3% | $36.6M | 73,100 | +9% | -71% | Members only |
| COSTCostco | 0.3% | $36.6M | 39,150 | same | -44% | Members only |
| Hagerty Inc | 0.3% | $35.9M | 3,108,000 | same | — | — |
| BF.BBrown–Forman | 0.3% | $35.7M | 1,317,187 | same | -28% | Members only |
| TROWT. Rowe Price | 0.3% | $35.7M | 314,000 | same | +2% | Members only |
| URIUnited Rentals | 0.3% | $35.3M | 31,150 | same | +33% | Members only |
| ABNBAirbnb | 0.3% | $34.7M | 242,389 | same | -7% | Members only |
| LMTLockheed Martin | 0.3% | $33.2M | 65,213 | same | +1% | Members only |
| HCAHCA Healthcare | 0.3% | $32.9M | 84,366 | +2% | +45% | Members only |
| SHWSherwin-Williams | 0.2% | $32.4M | 94,172 | same | -41% | Members only |
| FDSFactSet | 0.2% | $31.1M | 135,376 | same | -8% | Members only |
| Lamar Advertising CO | 0.2% | $30.1M | 193,000 | same | — | — |
| VRSKVerisk Analytics | 0.2% | $28.0M | 155,950 | same | -36% | Members only |
| CSXCSX | 0.2% | $27.8M | 584,500 | +10% | -67% | Members only |
| AMATApplied Materials | 0.2% | $26.3M | 36,350 | same | -56% | Members only |
| APDAir Products | 0.2% | $25.9M | 88,500 | +17% | — | Members only |
| FIXComfort Systems USA | 0.2% | $25.8M | 13,000 | same | -48% | Members only |
| Crown Hldgs Inc | 0.2% | $24.6M | 220,000 | same | — | — |
| Renaissancere Hldgs Ltd | 0.2% | $22.2M | 70,000 | same | — | — |
| Enterprise Prods Partners L | 0.2% | $20.9M | 569,000 | +182% | — | — |
| PMPhilip Morris International | 0.2% | $20.7M | 114,500 | same | -16% | Members only |
| ACNAccenture | 0.2% | $19.8M | 159,400 | same | +17% | Members only |
| CMCSAComcast | 0.1% | $19.7M | 802,074 | -17% | +124% | Members only |
| Hexcel Corp New | 0.1% | $18.9M | 189,000 | same | — | — |
| NKENike | 0.1% | $18.4M | 447,400 | same | -35% | Members only |
| COFCapital One | 0.1% | $18.3M | 91,000 | same | -19% | Members only |
| Bank New York Mellon Corp | 0.1% | $18.0M | 124,500 | same | — | — |
| CARRCarrier Global | 0.1% | $17.2M | 235,000 | same | -58% | Members only |
| WFCWells Fargo | 0.1% | $16.9M | 204,450 | same | +11% | Members only |
| Sei Invts CO | 0.1% | $15.2M | 173,200 | same | — | — |
| PAYXPaychex | 0.1% | $14.7M | 150,000 | same | +24% | Members only |
| HSYHershey | 0.1% | $13.2M | 75,000 | same | +0% | Members only |
| PEPPepsiCo | <0.1% | $13.0M | 96,210 | same | -0% | Members only |
| Spotify Technology S A | <0.1% | $11.9M | 25,900 | same | — | — |
| Shopify Inc | <0.1% | $11.7M | 102,750 | same | — | — |
| EFXEquifax | <0.1% | $11.6M | 72,850 | same | -16% | Members only |
| CMECME Group | <0.1% | $11.0M | 49,750 | same | +120% | Members only |
| CBOECboe Global Markets | <0.1% | $10.6M | 43,700 | same | +22% | Members only |
| UBERUber | <0.1% | $10.3M | 142,500 | same | +93% | Members only |
| OTISOtis Worldwide | <0.1% | $9.6M | 133,620 | +17% | -22% | Members only |
| IQVIQVIA | <0.1% | $9.1M | 46,900 | same | -32% | Members only |
| HIIHuntington Ingalls Industries | <0.1% | $7.7M | 27,500 | same | -81% | Members only |
| XOMExxonMobil | <0.1% | $7.7M | 56,100 | +19% | -55% | Members only |
| Insperity Inc | <0.1% | $7.5M | 181,336 | same | — | — |
| Carmax Inc | <0.1% | $7.2M | 136,500 | same | — | — |
| Sony Group Corp | <0.1% | $6.7M | 335,000 | same | — | — |
| Canadian Natl RY CO | <0.1% | $6.4M | 53,500 | same | — | — |
| Canadian Pacific Kansas City | <0.1% | $6.3M | 73,000 | +23% | — | — |
| Graham Hldgs CO | <0.1% | $5.9M | 5,200 | same | — | — |
| Eastman Chem CO | <0.1% | $5.0M | 74,950 | same | — | — |
| ZTSZoetis | <0.1% | $4.8M | 66,195 | NEW | +23% | Members only |
| Brunswick Corp | <0.1% | $4.3M | 51,250 | same | — | — |
| WRBW. R. Berkley | <0.1% | $4.3M | 60,750 | same | -8% | Members only |
| MGMMGM Resorts | <0.1% | $4.2M | 87,500 | same | +162% | Members only |
| Acuity Inc | <0.1% | $3.7M | 9,750 | same | — | — |
| ICEIntercontinental Exchange | <0.1% | $3.6M | 28,870 | same | +104% | Members only |
| Eagle Matls Inc | <0.1% | $3.3M | 14,750 | same | — | — |
| WYWeyerhaeuser | <0.1% | $2.9M | 120,000 | +586% | -61% | Members only |
| NFLXNetflix | <0.1% | $2.9M | 40,000 | NEW | +22% | Members only |
| SYYSysco | <0.1% | $2.5M | 30,500 | same | -0% | Members only |
| DPZDomino's | <0.1% | $1.6M | 5,500 | same | -14% | Members only |
| BROBrown & Brown | <0.1% | $898,100 | 14,000 | same | +64% | Members only |
| Ufp Industries Inc | <0.1% | $362,960 | 4,000 | NEW | — | — |
| Scotts Miracle-gro CO | — | — | — | SOLD OUT | — | — |
| UNHUnitedHealth Group | — | — | — | SOLD OUT | +47% | Members only |
Upside is to our model’s value from each company’s own SEC filings, for the S&P 500 companies we value (how). Positions sold out during the quarter are listed last.
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What a 13F shows, and what it hides: 13F filings explained.
Generated automatically from Markel Group’s Form 13F (CIK 1096343, accession 0001096343-26-000065) on SEC EDGAR, compared with its filing for Q1 2026. Long US stock positions only: 13Fs leave out shorts, cash, bonds, most non-US holdings and options (excluded here), and are up to 45 days old when filed. Research only, not investment advice. boring&rich is not affiliated with or endorsed by Markel Group or Tom Gayner.