MARKEL GROUP INC.

GLEN ALLEN, VA · CIK 0001096343

Portfolio Value: $12.32B

Positions: 129

Period: 2025-09-30

Filed: 2025-10-31

Portfolio Value

$12.32B

Positions

129

New

Increased

Decreased

Sold Out

167

MARKEL GROUP INC. Q3 2025 13F Filing Summary

MARKEL GROUP INC. (GLEN ALLEN, VA) reported a portfolio value of $12.32B across 129 positions in their Q3 2025 SEC 13F filing (period ending 2025-09-30). Top holdings include BRK-B ($840.18M), BRK-B ($770.18M), GOOG ($669.73M). The top 10 positions account for 40.9% of the portfolio. This quarter saw 2 new positions, 28 increases, 2 reductions, 167 complete exits. Notable new buys: CNI ($2.36M), CP ($2.31M). Notable exits: OI, AGBK, MMM.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	BRK-BBERKSHIRE HATHAWAY INC DEL CL A	84670108	$840.18M	1,114	6.82%	-
2	BRK-BBERKSHIRE HATHAWAY INC DEL CL B NEW	84670702	$770.18M	1,531,971	6.25%	-
3	GOOGALPHABET INC CAP STK CL C	02079K107	$669.73M	2,749,860	5.44%	-
4	BNBROOKFIELD CORP CL A LTD VT SH	11271J107	$597.73M	8,715,741	4.85%	-
5	AMZNAMAZON COM INC COM	23135106	$445.89M	2,030,760	3.62%	-
6	DEDEERE & CO COM	244199105	$401.43M	877,900	3.26%	-
7	HDHOME DEPOT INC COM	437076102	$372.77M	920,000	3.03%	-
8	VVISA INC COM CL A	92826C839	$341.14M	999,285	2.77%	-
9	AAPLAPPLE INC COM	37833100	$312.50M	1,227,290	2.54%	-
10	ADIANALOG DEVICES INC COM	32654105	$286.90M	1,167,671	2.33%	-
11	GSGOLDMAN SACHS GROUP INC COM	38141G104	$286.18M	359,360	2.32%	-
12	MSFTMICROSOFT CORP COM	594918104	$275.59M	532,080	2.24%	+0.9%
13	BLKBLACKROCK INC COM	09290D101	$256.72M	220,200	2.08%	-
14	DISDISNEY WALT CO COM	254687106	$232.63M	2,031,665	1.89%	-
15	WSOWATSCO INC COM	942622200	$228.50M	565,169	1.85%	-
16	BXBLACKSTONE INC COM	09260D107	$209.97M	1,229,000	1.70%	-
17	METAMETA PLATFORMS INC CL A	30303M102	$205.83M	280,281	1.67%	-
18	KKRKKR & CO INC COM	48251W104	$188.66M	1,451,800	1.53%	-
19	PGRPROGRESSIVE CORP COM	743315103	$186.14M	753,750	1.51%	-
20	LPLALPL FINL HLDGS INC COM	50212V100	$184.08M	553,321	1.49%	+1.6%
21	LOWLOWES COS INC COM	548661107	$182.63M	726,730	1.48%	+1.3%
22	AXPAMERICAN EXPRESS CO COM	25816109	$160.85M	484,250	1.31%	-
23	CATCATERPILLAR INC COM	149123101	$156.82M	328,650	1.27%	-
24	RLIRLI CORP COM	749607107	$156.17M	2,394,544	1.27%	-
25	NNBRMARSH & MCLENNAN COS INC COM	571748102	$152.16M	755,000	1.23%	+0.8%
26	GOOGLALPHABET INC CAP STK CL A	02079K305	$139.05M	572,000	1.13%	-
27	FNVFRANCO NEV CORP COM	351858105	$134.97M	605,500	1.10%	+6.3%
28	APOAPOLLO GLOBAL MGMT INC COM	03769M106	$134.94M	1,012,500	1.10%	-
29	GDGENERAL DYNAMICS CORP COM	369550108	$133.33M	391,000	1.08%	-
30	TXNTEXAS INSTRS INC COM	882508104	$133.02M	724,000	1.08%	-
31	NVONOVO-NORDISK A S ADR	670100205	$131.44M	2,368,649	1.07%	+4.9%
32	DEODIAGEO PLC SPON ADR NEW	25243Q205	$130.42M	1,366,708	1.06%	-
33	SCHWSCHWAB CHARLES CORP COM	808513105	$130.30M	1,364,800	1.06%	-
34	BNBROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS	113004105	$124.92M	2,193,953	1.01%	-
35	MAMASTERCARD INCORPORATED CL A	57636Q104	$118.05M	207,540	0.96%	-
36	JNJJOHNSON & JOHNSON COM	478160104	$113.25M	610,800	0.92%	-
37	MCOMOODYS CORP COM	615369105	$101.91M	213,890	0.83%	-
38	HEIHEICO CORP NEW CL A	422806208	$96.46M	379,644	0.78%	-
39	NVRNVR INC COM	62944T105	$95.59M	11,897	0.78%	-
40	LINLINDE PLC SHS	G54950103	$91.60M	192,850	0.74%	+3.3%
41	ADMARCHER DANIELS MIDLAND CO COM	39483102	$89.96M	1,505,800	0.73%	-4.3%
42	DGDOLLAR GEN CORP NEW COM	256677105	$89.84M	869,250	0.73%	-
43	ROLROLLINS INC COM	775711104	$86.69M	1,475,775	0.70%	+0.4%
44	ITWILLINOIS TOOL WKS INC COM	452308109	$85.40M	327,500	0.69%	-
45	CGCARLYLE GROUP INC COM	14316J108	$83.20M	1,327,000	0.68%	-
46	MSCIMSCI INC COM	55354G100	$81.05M	142,850	0.66%	-
47	JPMJPMORGAN CHASE & CO. COM	46625H100	$79.66M	252,550	0.65%	-
48	NSCNORFOLK SOUTHN CORP COM	655844108	$77.06M	256,500	0.63%	+8.5%
49	ECLECOLAB INC COM	278865100	$75.12M	274,300	0.61%	-
50	SPGIS&P GLOBAL INC COM	78409V104	$73.34M	150,690	0.60%	-

Showing 1-50 of 129

Position Changes

Stock	Value	Shares
CNICANADIAN NATL RY CO	$2.36M	25,000
CPCANADIAN PACIFIC KANSAS CITY	$2.31M	31,000