Fund Holdings

MARKEL GROUP INC.

Filing Period:
Securities
SharesValue ($K)
Q2 2025
Q3 2025
Change
Q2 2025
Q3 2025
Weight (%)
Change
ALPHABET INC(GOOG)2,749,8602,749,8600487,797,665669,728,4035.44%+181,930,738
APPLE INC(AAPL)1,227,2901,227,2900251,803,090312,504,8522.54%+60,701,762
BROOKFIELD CORP(BN)8,715,7418,715,7410539,068,582597,725,5184.85%+58,656,936
FRANCO NEV CORP(FNV)569,500605,500+36,00093,352,440134,972,0061.10%+41,619,566
ALPHABET INC(GOOG)572,000572,0000100,803,560139,053,2001.13%+38,249,640
HOME DEPOT INC(HD)920,000920,0000337,308,800372,774,8003.03%+35,466,000
GOLDMAN SACHS GROUP INC(GS)359,360359,3600254,337,042286,176,3382.32%+31,839,296
CATERPILLAR INC(CAT)328,650328,6500127,585,217156,815,3491.27%+29,230,132
BERKSHIRE HATHAWAY INC DEL1,1141,1140811,883,200840,178,8006.82%+28,295,600
BLACKSTONE INC(BX)1,229,0001,229,0000183,833,821209,974,6511.70%+26,140,830
BERKSHIRE HATHAWAY INC DEL1,531,9711,531,9710744,185,552770,183,1006.25%+25,997,548
BLACKROCK INC(BLK)220,200220,2000231,044,851256,724,5742.08%+25,679,723
LOWES COS INC(LOW)717,230726,730+9,500159,131,820182,634,5171.48%+23,502,697
JOHNSON & JOHNSON(JNJ)610,800610,800093,299,700113,254,5360.92%+19,954,836
GENERAL DYNAMICS CORP(GD)391,000391,0000114,039,060133,331,0001.08%+19,291,940
NORFOLK SOUTHN CORP(NSC)236,500256,500+20,00060,536,90577,055,1650.63%+16,518,260
SHOPIFY INC(SHOP)0102,750+102,750015,269,6780.12%+15,269,678
CARLYLE GROUP INC(CG)1,327,0001,327,000068,207,80083,202,9000.68%+14,995,100
MICROSOFT CORP(MSFT)527,480532,080+4,600262,373,826275,590,8372.24%+13,217,011
INVESTORS TITLE CO NC213,300213,300045,070,29057,128,1390.46%+12,057,849
ANALOG DEVICES INC(ADI)1,167,6711,167,6710277,929,053286,896,7652.33%+8,967,712
CSX CORP(CSX)65,000285,000+220,0002,120,95010,120,3500.08%+7,999,400
NVR INC(NVR)11,89711,897087,867,19895,588,3510.78%+7,721,153
UNION PAC CORP(UNP)97,278126,778+29,50022,381,72229,966,5160.24%+7,584,794
THERMO FISHER SCIENTIFIC INC(TMO)49,55055,800+6,25020,090,54327,064,1160.22%+6,973,573
ARCHER DANIELS MIDLAND CO1,573,8001,505,800-68,00083,065,16589,956,4920.73%+6,891,327
JPMORGAN CHASE & CO.(JPM)252,550252,550073,216,77179,661,8470.65%+6,445,076
AMERICAN EXPRESS CO(AXP)484,250484,2500154,466,065160,848,4791.31%+6,382,414
UNITED RENTALS INC(URI)31,15031,150023,468,41029,737,6590.24%+6,269,249
HAGERTY INC(HGTY)3,108,0003,108,000031,421,88037,451,4000.30%+6,029,520
SCHWAB CHARLES CORP(SCHW)1,364,8001,364,8000124,524,351130,297,4561.06%+5,773,105
HCA HEALTHCARE INC(HCA)68,96375,213+6,25026,419,72632,055,7810.26%+5,636,055
RTX CORPORATION(RTX)224,000224,000032,708,48037,481,9200.30%+4,773,440
ILLINOIS TOOL WKS INC(ITW)327,500327,500080,974,37785,398,9000.69%+4,424,523
LINDE PLC(LIN)186,600192,850+6,25087,548,98891,603,7500.74%+4,054,762
ROLLINS INC(ROL)1,469,2751,475,775+6,50082,896,49786,687,0250.70%+3,790,528
COMFORT SYS USA INC(FIX)13,00013,00006,970,73010,727,3400.09%+3,756,610
FERGUSON ENTERPRISES INC(FERG)134,500147,000+12,50029,287,37533,013,2600.27%+3,725,885
BROOKFIELD ASSET MANAGMT LTD(BAM)2,193,9532,193,9530121,281,722124,923,6831.01%+3,641,961
HANOVER INS GROUP INC(THG)281,000281,000047,733,47051,038,0300.41%+3,304,560
ROCKWELL AUTOMATION INC(ROK)154,900154,900051,453,13354,142,1970.44%+2,689,064
MARRIOTT INTL INC NEW(MAR)60,25073,250+13,00016,460,90319,077,2300.15%+2,616,327
CBOE GLOBAL MKTS INC(CBOE)19,00028,500+9,5004,430,9906,989,6250.06%+2,558,635
CME GROUP INC(CME)22,50032,000+9,5006,201,4508,646,0800.07%+2,444,630
CANADIAN NATL RY CO(CNI)025,000+25,00002,357,5000.02%+2,357,500
APPLIED MATLS INC16,50026,250+9,7503,020,6555,374,4250.04%+2,353,770
CANADIAN PACIFIC KANSAS CITY(CP)031,000+31,00002,309,1900.02%+2,309,190
LOCKHEED MARTIN CORP(LMT)62,26362,263028,836,48631,082,3130.25%+2,245,827
BANK NEW YORK MELLON CORP121,500121,500011,069,86513,238,6400.11%+2,168,775
ALLSTATE CORP(ALL)154,550154,550031,112,46133,174,1580.27%+2,061,697
PRICE T ROWE GROUP INC(TROW)314,000314,000030,301,00032,228,9600.26%+1,927,960
FEDEX CORP(FDX)213,000213,000048,417,03050,227,5300.41%+1,810,500
LAMAR ADVERTISING CO NEW(LAMR)158,000170,000+12,00019,174,88020,811,4000.17%+1,636,520
EAGLE MATLS INC(EXP)9,00014,750+5,7501,818,9903,437,3400.03%+1,618,350
MASTERCARD INCORPORATED(MA)207,540207,5400116,625,028118,050,8270.96%+1,425,799
ECOLAB INC(ECL)274,300274,300073,907,39275,119,7980.61%+1,212,406
GRAHAM HLDGS CO(GHC)5,2005,20004,920,0846,122,0120.05%+1,201,928
HEXCEL CORP NEW(HXL)189,000189,000010,676,61011,850,3000.10%+1,173,690
HERSHEY CO(HSY)54,50054,50009,044,27510,194,2250.08%+1,149,950
IQVIA HLDGS INC(IQV)49,64246,900-2,7427,823,0838,908,1860.07%+1,085,103
HUNTINGTON INGALLS INDS INC(HII)20,50020,50004,949,9305,902,1550.05%+952,225
SONY GROUP CORP(SONY)335,000335,00008,720,0509,644,6500.08%+924,600
UNITEDHEALTH GROUP INC(UNH)26,50026,50008,267,2069,150,4500.07%+883,244
YUM BRANDS INC(YUM)226,451226,451033,555,50934,420,5520.28%+865,043
PEPSICO INC(PEP)96,21096,210012,703,56813,511,7320.11%+808,164
RENAISSANCERE HLDGS LTD(RNR)70,00070,000017,003,00017,775,1000.14%+772,100
WELLS FARGO CO NEW(WFC)204,450204,450016,380,53417,136,9990.14%+756,465
SYSCO CORP(SYY)24,00030,500+6,5001,817,7602,511,3700.02%+693,610
UBER TECHNOLOGIES INC(UBER)123,500123,500011,522,55012,099,2950.10%+576,745
BRUNSWICK CORP(BC)29,50033,500+4,0001,629,5802,118,5400.02%+488,960
ACUITY INC(AYI)9,7509,75002,908,8153,357,8030.03%+448,988
TYSON FOODS INC(TSN)816,000848,500+32,50045,647,04046,073,5500.37%+426,510
AMAZON COM INC(AMZN)2,030,7602,030,7600445,528,436445,893,9743.62%+365,538
EXXON MOBIL CORP03,000+3,0000338,2500.00%+338,250
SHERWIN WILLIAMS CO(SHW)94,17294,172032,334,89832,607,9970.26%+273,099
BERKLEY W R CORP60,75060,75004,463,3044,654,6660.04%+191,362
BROWN FORMAN CORP(BF-A)474,187474,187012,760,37212,840,9840.10%+80,612
CISCO SYS INC(CSCO)349,500355,500+6,00024,248,31024,323,3100.20%+75,000
MGM RESORTS INTERNATIONAL(MGM)87,50087,50003,009,1253,032,7500.02%+23,625
INTERCONTINENTAL EXCHANGE IN(ICE)5,1205,620+500939,366946,8580.01%+7,492
CAPITAL ONE FINL CORP(COF)91,00091,000019,361,16019,344,7800.16%-16,380
AON PLC(AON)129,800129,800046,307,44846,284,0840.38%-23,364
DOMINOS PIZZA INC(DPZ)5,5005,50002,478,3002,374,4050.02%-103,895
EQUIFAX INC(EFX)72,85072,850018,895,10518,688,2110.15%-206,894
TRANSUNION(TRU)101,050101,05008,892,4008,465,9690.07%-426,431
BROWN FORMAN CORP(BF-A)843,000843,000023,157,21022,685,1310.18%-472,079
ADOBE INC(ADBE)14,00014,00005,416,3204,938,5000.04%-477,820
AIRBNB INC212,003227,133+15,13028,056,47827,578,4890.22%-477,989
NIKE INC(NKE)447,400447,400031,783,29631,197,2020.25%-586,094
AIR PRODS & CHEMS INC65,00065,000018,333,90017,726,8000.14%-607,100
ANHEUSER BUSCH INBEV SA/NV(BUD)11,0000-11,000755,9200-755,920
SEI INVTS CO(SEIC)173,200173,200015,563,75214,696,0200.12%-867,732
OTIS WORLDWIDE CORP(OTIS)114,620114,620011,349,67210,479,7080.09%-869,964
EASTMAN CHEM CO(EMN)74,95074,95005,595,7674,725,5980.04%-870,169
META PLATFORMS INC(META)280,281280,2810206,872,603205,832,7611.67%-1,039,842
TARGET CORP(TGT)133,000133,000013,120,45011,930,1000.10%-1,190,350
CROWN HLDGS INC(CCK)189,500189,500019,514,71018,303,8050.15%-1,210,905
LAUDER ESTEE COS INC(EL)15,0000-15,0001,212,0000-1,212,000
MSCI INC(MSCI)142,850142,850082,387,30981,054,5190.66%-1,332,790
INSPERITY INC(NSP)131,728131,72807,919,4886,481,0180.05%-1,438,470
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