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Markel Group Portfolio holdings

AUM $13.1B
1-Year Est. Return 15.62%
This Fund
S&P 500
This Quarter Est. Return
+2.75%
1 Year Est. Return
+15.62%
3 Year Est. Return
+68.04%
5 Year Est. Return
+83.51%
10 Year Est. Return
+378.4%
AUM
$12.5B
AUM Growth
+$223M
Cap. Flow
+$18.1M
Cap. Flow %
0.14%
Top 10 Hldgs %
41.99%
Holding
130
New
1
Increased
41
Reduced
4
Closed
2
Avg Time Held
30 quarters
Top 10 Avg Time Held
25.7 quarters
Top 20 Avg Time Held
26.5 quarters

Top Buys

Rank Stock Value
1
NVO icon
Novo Nordisk
NVO
+$25.6M
2
FNV icon
Franco-Nevada
FNV
+$15.8M
3
ODFL icon
Old Dominion Freight Line
ODFL
+$9.02M
4
CSX icon
CSX Corp
CSX
+$5.55M
5
NSC icon
Norfolk Southern
NSC
+$4.92M

Top Sells

Rank Stock Value
1
FDX icon
FedEx
FDX
+$50.2M
2
ADI icon
Analog Devices
ADI
+$36.3M
3
META icon
Meta Platforms (Facebook)
META
+$21.4M
4
TRU icon
TransUnion
TRU
+$8.14M
5
ADBE icon
Adobe
ADBE
+$4.94M

Sector Composition

Rank Sector Weight
1 Financials 45.4%
2 Industrials 12.9%
3 Communication Services 11.8%
4 Consumer Discretionary 10.86%
5 Technology 8.99%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
APO icon
26
Apollo Global Management
APO
$70.4B
$147M 1.17%
1,012,500
– –
2013 Q3
49 quarters
NVO icon
27
Novo Nordisk
NVO
$170B
$146M 1.16%
2,869,774
+501,125
+21% +$25.6M
2013 Q2
50 quarters
FNV icon
28
Franco-Nevada
FNV
$47.4B
$142M 1.13%
683,500
+78,000
+13% +$15.8M
2024 Q2
6 quarters
MRSH icon
29
Marsh
MRSH
$84.2B
$141M 1.13%
761,750
+6,750
+0.9% +$1.26M
2014 Q1
47 quarters
SCHW icon
30
Charles Schwab
SCHW
$168B
$137M 1.1%
1,375,800
+11,000
+0.8% +$1.04M
2013 Q2
50 quarters
GD icon
31
General Dynamics
GD
$90.8B
$132M 1.05%
391,000
– –
2013 Q2
50 quarters
JNJ icon
32
Johnson & Johnson
JNJ
$636B
$126M 1.01%
610,800
– –
2013 Q2
50 quarters
TXN icon
33
Texas Instruments
TXN
$257B
$126M 1%
724,000
– –
2016 Q1
39 quarters
MA icon
34
Mastercard
MA
$521B
$118M 0.94%
207,540
– –
2013 Q2
50 quarters
DEO icon
35
Diageo
DEO
$49.3B
$118M 0.94%
1,371,708
+5,000
+0.4% +$461K
2013 Q2
50 quarters
DG icon
36
Dollar General
DG
$27.9B
$115M 0.92%
869,250
– –
2021 Q3
17 quarters
BAM icon
37
Brookfield Asset Management
BAM
$73.2B
$115M 0.92%
2,193,953
– –
2022 Q4
12 quarters
MCO icon
38
Moody's
MCO
$81.5B
$109M 0.87%
213,890
– –
2013 Q2
50 quarters
HEI.A icon
39
HEICO Corp Class A
HEI.A
$31.1B
$95.8M 0.76%
379,644
– –
2016 Q2
38 quarters
ROL icon
40
Rollins
ROL
$15.4B
$89.4M 0.71%
1,489,025
+13,250
+0.9% +$778K
2013 Q4
48 quarters
NVR icon
41
NVR
NVR
$15.3B
$87.6M 0.7%
12,007
+110
+0.9% +$822K
2018 Q4
28 quarters
ADM icon
42
Archer Daniels Midland
ADM
$38.8B
$86.6M 0.69%
1,505,800
– –
2013 Q2
50 quarters
LIN icon
43
Linde
LIN
$225B
$85.3M 0.68%
200,100
+7,250
+4% +$3.11M
2018 Q4
28 quarters
MSCI icon
44
MSCI
MSCI
$41.3B
$82M 0.65%
142,850
– –
2013 Q4
48 quarters
JPM icon
45
JPMorgan Chase
JPM
$889B
$81.4M 0.65%
252,550
– –
2015 Q2
42 quarters
ITW icon
46
Illinois Tool Works
ITW
$75.5B
$80.7M 0.64%
327,500
– –
2013 Q2
50 quarters
NSC icon
47
Norfolk Southern
NSC
$71.7B
$79M 0.63%
273,500
+17,000
+7% +$4.92M
2013 Q2
50 quarters
SPGI icon
48
S&P Global
SPGI
$122B
$78.7M 0.63%
150,690
– –
2016 Q2
38 quarters
CG icon
49
Carlyle Group
CG
$13.6B
$78.4M 0.63%
1,327,000
– –
2013 Q2
50 quarters
ECL icon
50
Ecolab
ECL
$79.7B
$72M 0.57%
274,300
– –
2013 Q2
50 quarters
1
2
3 4 5

Similar funds

BTW
Boston Trust Walden Boston, Massachusetts $13.1B AUM 24.63% 1-Year Est. Return
GLA
Great Lakes Advisors Chicago, Illinois $13.1B AUM 34.09% 1-Year Est. Return
VLKIM
Van Lanschot Kempen Investment Management Amsterdam, Netherlands $13.1B AUM 19.56% 1-Year Est. Return
BCI
Brinker Capital Investments Berwyn, Pennsylvania $13.1B AUM 28.37% 1-Year Est. Return
EIG
EdgePoint Investment Group Toronto, Ontario, Canada $13.2B AUM 32.43% 1-Year Est. Return
PCM
Penserra Capital Management Orinda, California $13B AUM 71.84% 1-Year Est. Return
WHG
Westwood Holdings Group Dallas, Texas $13.3B AUM 29.38% 1-Year Est. Return
CRM
Cardano Risk Management Rotterdam, Netherlands $13B AUM 49.44% 1-Year Est. Return

Markel Group's Q4 2025 Portfolio in Review

As of Q4 2025, Markel Group held 130 positions worth $12.5B, up 1.8% from $12.3B the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Trading was light in Q4 2025: portfolio turnover was 2.3%. Markel Group opened 1 new position and exited 2, leaving the 130-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 45% of assets, down from 46% a quarter earlier, followed by Industrials and Communication Services.

  • Markel Group's largest Q4 2025 buy was Brown & Brown: 11,000 shares worth $877K.
  • Markel Group added most to Novo Nordisk in Q4 2025, an estimated $25.6M increase.
  • Markel Group's biggest Q4 2025 reduction was Analog Devices, cutting an estimated $36.3M.
  • Markel Group fully exited FedEx in Q4 2025, selling an estimated $50.2M.
  • Markel Group's ten largest holdings make up 42% of its $12.5B portfolio in Q4 2025.
  • Markel Group opened 1 new position and closed 2 in Q4 2025.
  • Markel Group's portfolio value rose 1.8% quarter-over-quarter to $12.5B.

Based on Markel Group's 13F filing for Q4 2025, filed 6 Feb 2026.