Fund Holdings

MARKEL GROUP INC.

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
DEERE & CO(DE)877,900877,9000408,723,903494,521,0704.14%+85,797,167
SUNBELT RENTALS HOLDINGS INC(SUNB)0963,361+963,361062,705,1670.53%+62,705,167
ANALOG DEVICES INC(ADI)1,023,2451,023,2450277,504,044325,535,1642.73%+48,031,120
CATERPILLAR INC(CAT)328,650328,6500188,273,727232,835,3791.95%+44,561,652
FRANCO NEV CORP(FNV)683,500708,500+25,000141,675,880175,034,9261.47%+33,359,046
JOHNSON & JOHNSON(JNJ)610,800610,8000126,405,060149,303,9521.25%+22,898,892
ARCHER DANIELS MIDLAND CO1,505,8001,505,800086,568,442109,456,6020.92%+22,888,160
OLD DOMINION FREIGHT LINE IN(ODFL)421,650429,150+7,50066,114,72083,855,9100.70%+17,741,190
WATSCO INC(WSO)577,669582,169+4,500194,645,571211,787,2621.77%+17,141,691
LINDE PLC(LIN)200,100204,600+4,50085,320,641101,432,4960.85%+16,111,855
TEXAS INSTRS INC(TXN)724,000724,0000125,606,759140,557,3591.18%+14,950,600
MERCADOLIBRE INC(MELI)05,450+5,45009,423,1590.08%+9,423,159
LOCKHEED MARTIN CORP(LMT)64,51365,213+70031,203,00339,414,0860.33%+8,211,083
ENTERPRISE PRODS PARTNERS L(EPD)0202,000+202,00007,643,6800.06%+7,643,680
CSX CORP(CSX)440,000530,000+90,00015,950,00021,756,5000.18%+5,806,500
COMFORT SYS USA INC(FIX)13,00013,000012,132,77017,926,8700.15%+5,794,100
COSTCO WHSL CORP NEW(COST)39,15039,150033,760,61139,010,2350.33%+5,249,624
TYSON FOODS INC(TSN)884,500889,500+5,00051,849,39056,990,2650.48%+5,140,875
ILLINOIS TOOL WKS INC(ITW)327,500327,500080,663,24985,244,9760.71%+4,581,727
AIR PRODS & CHEMS INC71,50075,500+4,00017,661,93021,931,9950.18%+4,270,065
YUM BRANDS INC(YUM)226,451245,213+18,76234,257,50738,125,7180.32%+3,868,211
UNION PAC CORP(UNP)141,278150,278+9,00032,680,42736,460,4480.31%+3,780,021
APPLIED MATLS INC34,10036,350+2,2508,763,36012,424,0670.10%+3,660,707
FERGUSON ENTERPRISES INC(FERG)163,500170,700+7,20036,400,00539,817,4820.33%+3,417,477
EXXON MOBIL CORP38,00047,000+9,0004,572,9207,974,0200.07%+3,401,100
STARBUCKS CORP(SBUX)623,818623,818052,531,71455,887,8550.47%+3,356,141
HERSHEY CO(HSY)67,50075,000+7,50012,283,65015,591,7500.13%+3,308,100
MARRIOTT INTL INC NEW(MAR)89,75093,750+4,00027,844,04030,662,8130.26%+2,818,773
GENERAL DYNAMICS CORP(GD)391,000391,0000131,634,060134,199,0191.12%+2,564,959
CME GROUP INC(CME)45,75049,750+4,00012,493,41014,693,6630.12%+2,200,253
RTX CORPORATION(RTX)224,000224,000041,081,60043,209,6000.36%+2,128,000
NORFOLK SOUTHN CORP(NSC)273,500282,500+9,00078,964,92081,077,5000.68%+2,112,580
CBOE GLOBAL MKTS INC(CBOE)41,75043,700+1,95010,479,25012,282,7600.10%+1,803,510
HUNTINGTON INGALLS INDS INC(HII)25,50027,500+2,0008,671,78510,447,2500.09%+1,775,465
HCA HEALTHCARE INC(HCA)80,68082,430+1,75037,666,26639,009,1740.33%+1,342,908
HEXCEL CORP NEW(HXL)189,000189,000013,967,10015,295,7700.13%+1,328,670
INTERCONTINENTAL EXCHANGE IN(ICE)20,87028,870+8,0003,380,1054,540,6740.04%+1,160,569
PEPSICO INC(PEP)96,21096,210013,808,05914,940,4510.13%+1,132,392
RENAISSANCERE HLDGS LTD(RNR)70,00070,000019,681,20020,806,1000.17%+1,124,900
CANADIAN NATL RY CO(CNI)44,50053,500+9,0004,398,8255,498,1950.05%+1,099,370
LAMAR ADVERTISING CO NEW(LAMR)185,000193,000+8,00023,417,30024,445,3800.20%+1,028,080
CANADIAN PACIFIC KANSAS CITY(CP)50,50059,500+9,0003,718,3154,680,2700.04%+961,955
ECOLAB INC(ECL)274,300274,300072,009,23672,969,2860.61%+960,050
EASTMAN CHEM CO(EMN)74,95074,95004,784,0595,720,1840.05%+936,125
CARRIER GLOBAL CORPORATION(CARR)235,000235,000012,417,40013,232,8500.11%+815,450
BANK NEW YORK MELLON CORP121,500124,500+3,00014,104,93514,769,4350.12%+664,500
PHILIP MORRIS INTL INC(PM)114,500114,500018,365,80018,931,4310.16%+565,631
WEYERHAEUSER CO MTN BE(WY)017,500+17,5000427,5250.00%+427,525
SCOTTS MIRACLE-GRO CO(SMG)168,000168,00009,802,80110,216,0810.09%+413,280
BROWN FORMAN CORP(BF-A)843,000843,000022,179,33022,583,9690.19%+404,639
CARMAX INC(KMX)136,500136,50005,274,3605,675,6700.05%+401,310
CROWN HLDGS INC(CCK)212,000220,000+8,00021,829,64022,055,0000.18%+225,360
CISCO SYS INC(CSCO)355,500355,500027,384,16527,583,2450.23%+199,080
BRUNSWICK CORP(BC)47,75051,250+3,5003,544,9603,728,9500.03%+183,990
BROWN FORMAN CORP(BF-A)474,187474,187012,357,31312,537,5040.11%+180,191
MGM RESORTS INTERNATIONAL(MGM)87,50087,50003,192,8753,238,3750.03%+45,500
BROWN & BROWN INC(BRO)11,00014,000+3,000876,700912,9400.01%+36,240
SYSCO CORP(SYY)30,50030,50002,247,5452,175,5650.02%-71,980
ALLSTATE CORP(ALL)154,550154,550032,169,58332,044,3970.27%-125,186
TRANSUNION(TRU)2,0000-2,000171,5000-171,500
GRAHAM HLDGS CO(GHC)5,2005,20005,712,7205,497,7520.05%-214,968
BERKLEY W R CORP60,75060,75004,259,7904,026,5100.03%-233,280
EAGLE MATLS INC(EXP)14,75014,75003,048,5302,794,3880.02%-254,142
DOMINOS PIZZA INC(DPZ)5,5005,50002,292,5101,973,3450.02%-319,165
SHERWIN WILLIAMS CO(SHW)94,17294,172030,514,55230,186,8340.25%-327,718
SEI INVTS CO(SEIC)173,200173,200014,205,86413,591,0040.11%-614,860
ACUITY INC(AYI)9,7509,75003,510,3902,732,1450.02%-778,245
INSPERITY INC(NSP)152,873181,336+28,4635,919,2424,903,3260.04%-1,015,916
COMCAST CORP NEW(CCZ)961,880961,880028,750,59327,615,5740.23%-1,135,019
OTIS WORLDWIDE CORP(OTIS)114,620114,620010,012,0598,834,9100.07%-1,177,149
UBER TECHNOLOGIES INC(UBER)140,000142,500+2,50011,439,40010,250,0250.09%-1,189,375
SONY GROUP CORP(SONY)335,000335,00008,576,0006,934,5000.06%-1,641,500
AIRBNB INC240,289242,389+2,10032,612,02230,608,8840.26%-2,003,138
SPOTIFY TECHNOLOGY S A(SPOT)25,90025,900015,040,38912,559,1690.11%-2,481,220
UNITED RENTALS INC(URI)31,15031,150025,210,31822,694,6440.19%-2,515,674
IQVIA HLDGS INC(IQV)46,90046,900010,571,7297,998,3260.07%-2,573,403
LOWES COS INC(LOW)734,480738,480+4,000177,127,198174,488,0531.46%-2,639,145
HANOVER INS GROUP INC(THG)281,000281,000051,358,37048,711,3500.41%-2,647,020
EQUIFAX INC(EFX)72,85072,850015,806,99313,118,1000.11%-2,688,893
WELLS FARGO CO NEW(WFC)204,450204,450019,054,74016,276,2650.14%-2,778,475
PAYCHEX INC(PAYX)150,000150,000016,827,00013,818,0000.12%-3,009,000
THERMO FISHER SCIENTIFIC INC(TMO)62,80067,100+4,30036,389,46132,981,6640.28%-3,407,797
AON PLC(AON)134,050135,800+1,75047,303,56443,833,5240.37%-3,470,040
UNITEDHEALTH GROUP INC(UNH)26,50018,700-7,8008,747,9165,060,0340.04%-3,687,882
PRICE T ROWE GROUP INC(TROW)314,000314,000032,147,31928,303,9600.24%-3,843,359
SHOPIFY INC(SHOP)102,750102,750016,539,66812,188,2050.10%-4,351,463
ROCKWELL AUTOMATION INC(ROK)154,900154,900060,266,94355,590,5120.47%-4,676,431
NIKE INC(NKE)447,400447,400028,503,85423,631,6680.20%-4,872,186
MSCI INC(MSCI)142,850142,850081,957,33176,997,5780.64%-4,959,753
VERISK ANALYTICS INC(VRSK)155,950155,950034,884,45629,591,5130.25%-5,292,943
CAPITAL ONE FINL CORP(COF)91,00091,000022,054,76016,601,1300.14%-5,453,630
FACTSET RESH SYS INC(FDS)121,873135,376+13,50335,366,32629,375,2380.25%-5,991,088
INVESTORS TITLE CO NC213,300213,300053,248,21246,358,6210.39%-6,889,591
JPMORGAN CHASE & CO.(JPM)252,550252,550081,376,66174,290,1080.62%-7,086,553
SCHWAB CHARLES CORP(SCHW)1,375,8001,383,800+8,000137,456,178130,049,5231.09%-7,406,655
NVR INC(NVR)12,00712,087+8087,564,29079,651,2750.67%-7,913,015
MARSH & MCLENNAN COS INC(MRSH)761,750763,500+1,750141,319,860132,429,0771.11%-8,890,783
HAGERTY INC(HGTY)3,108,0003,108,000041,771,52032,727,2400.27%-9,044,280
ROLLINS INC(ROL)1,489,0251,498,025+9,00089,371,28280,009,5160.67%-9,361,766
CHOICE HOTELS INTL INC(CHH)115,5000-115,50011,002,5300-11,002,530
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