Big-fund tracker · Form 13F

Markel Group’s 13F: what it reported owning at Sep 30, 2026

Markel Group’s stock holdings as reported to the SEC for the quarter ended Sep 30, 2026, compared with the quarter before: top positions, new positions, exits and the biggest changes in shares.

Filed with the SEC Oct 30, 2026 · Compared with the filing of Jul 31, 2026 · Page built Nov 11, 2026

The short answer

Markel Group’s 13F for the quarter ended Sep 30, 2026 lists 145 stock positions with a combined reported value of $12.84B, compared with 130 stock positions worth $13.13B in its filing for the quarter ended Jun 30, 2026. The three largest positions were Alphabet Class C, Berkshire Hathaway Class A and Berkshire Hathaway, together 19.7% of that value. Against the previous quarter, 17 positions are new, 2 positions are gone, the share count rose in 27, fell in 8 and did not change in 93.

What a 13F shows, and what it doesn't

A 13F is a quarterly report that large investment managers file with the SEC. It is a useful record and a limited one. Read this list before reading the tables.

It is late. The filing is due 45 days after the quarter ends. This one covers the quarter ended Sep 30, 2026 and was filed on Oct 30, 2026, 30 days later. Whatever the filer did since quarter end is not in it.
It is a snapshot of one day. A 13F shows what the filer held on the last day of the quarter. A stock bought and sold inside the quarter never appears, and a position built up over three months looks like a single change.
It lists long positions in US-listed stocks and similar securities only. Short positions, cash, Treasury bills, most bonds, most foreign shares and private companies are left out, so the list is not the filer’s whole portfolio.
Reported value is a quarter-end price times shares. When a value changes between two filings, part of the change is the stock price moving. The change in shares is the better sign of buying or selling, and even that does not say why.
Some details can be held back. Filers may ask the SEC to keep a position confidential for a time. This filing says no positions were left out on that basis.
The filing can cover more than one entity. The filing lists 1 other included manager, affiliated entities whose holdings are reported together in the one table.
It is not advice, and it is not a model portfolio. A manager’s holdings reflect its own goals, costs, time frame and risk limits, and the positions may already have changed. Nothing here says what anyone else should own.

Positions reported at Sep 30, 2026

The 50 largest of 145 stock positions in the 13F for the quarter ended Sep 30, 2026
#	Company	Shares, Sep 30, 2026	Shares, Jun 30, 2026	Change in shares	Change	Reported value, Sep 30, 2026	Share of stock positions
1	Alphabet Class CGOOGL	2,749,860	2,749,860	No change	–	$937.0M	7.3%
2	Berkshire Hathaway Class ABRK.B	1,114	1,114	No change	–	$832.2M	6.5%
3	Berkshire HathawayBRK.B	1,531,971	1,531,971	No change	–	$762.8M	5.9%
4	DeereDE	861,150	877,900	−16,750	−1.9%	$578.3M	4.5%
5	AmazonAMZN	2,030,760	2,030,760	No change	–	$506.0M	3.9%
6	Brookfield Corp	13,073,609	13,073,609	No change	–	$476.7M	3.7%
7	AppleAAPL	1,227,290	1,227,290	No change	–	$408.7M	3.2%
8	Analog DevicesADI	999,671	999,671	No change	–	$396.6M	3.1%
9	VisaV	1,013,912	1,013,912	No change	–	$364.3M	2.8%
10	Goldman SachsGS	359,360	359,360	No change	–	$323.6M	2.5%
11	MicrosoftMSFT	537,630	537,630	No change	–	$275.8M	2.1%
12	CaterpillarCAT	328,650	328,650	No change	–	$266.5M	2.1%
13	Home DepotHD	932,000	922,500	+9,500	+1.0%	$265.1M	2.1%
14	BlackRockBLK	220,200	220,200	No change	–	$233.0M	1.8%
15	DisneyDIS	2,039,165	2,031,665	+7,500	+0.4%	$213.9M	1.7%
16	Texas InstrumentsTXN	724,000	724,000	No change	–	$202.8M	1.6%
17	Watsco Inc	623,010	597,750	+25,260	+4.2%	$188.6M	1.5%
18	Franco Nev Corp	787,000	773,500	+13,500	+1.7%	$187.4M	1.5%
19	Alphabet Class AGOOGL	519,975	572,000	−52,025	−9.1%	$178.9M	1.4%
20	Lpl Finl Hldgs Inc	566,132	559,951	+6,181	+1.1%	$173.1M	1.3%
21	Johnson & JohnsonJNJ	610,800	610,800	No change	–	$161.7M	1.3%
22	ProgressivePGR	753,750	753,750	No change	–	$156.3M	1.2%
23	MetaMETA	209,163	234,163	−25,000	−10.7%	$151.7M	1.2%
24	American ExpressAXP	490,450	490,450	No change	–	$149.1M	1.2%
25	Lowe'sLOW	761,480	751,980	+9,500	+1.3%	$140.3M	1.1%
26	BlackstoneBX	1,229,000	1,229,000	No change	–	$137.8M	1.1%
27	Charles SchwabSCHW	1,394,800	1,394,800	No change	–	$136.3M	1.1%
28	Rli Corp	2,421,922	2,394,544	+27,378	+1.1%	$134.0M	1.0%
29	KKRKKR	1,451,800	1,451,800	No change	–	$132.5M	1.0%
30	Marsh McLennanMRSH	763,500	763,500	No change	–	$130.4M	1.0%
31	General DynamicsGD	391,000	391,000	No change	–	$129.7M	1.0%
32	Archer Daniels MidlandADM	1,505,800	1,505,800	No change	–	$119.5M	0.9%
33	Apollo Global ManagementAPO	1,012,500	1,012,500	No change	–	$117.5M	0.9%
34	Diageo Plc	1,372,208	1,372,208	No change	–	$117.5M	0.9%
35	MastercardMA	207,540	207,540	No change	–	$114.5M	0.9%
36	Novo-Nordisk A S	2,869,774	2,869,774	No change	–	$108.8M	0.8%
37	LindeLIN	220,600	215,600	+5,000	+2.3%	$104.7M	0.8%
38	Dollar GeneralDG	869,250	869,250	No change	–	$103.9M	0.8%
39	Moody'sMCO	213,890	213,890	No change	–	$97.1M	0.8%
40	Brookfield Asset Managmt Ltd	2,173,953	2,193,953	−20,000	−0.9%	$96.9M	0.8%
41	Norfolk SouthernNSC	282,500	282,500	No change	–	$87.3M	0.7%
42	Heico Corp New	379,644	379,644	No change	–	$86.7M	0.7%
43	Illinois Tool WorksITW	327,500	327,500	No change	–	$84.3M	0.7%
44	JPMorgan ChaseJPM	252,550	252,550	No change	–	$83.6M	0.7%
45	MSCIMSCI	142,850	142,850	No change	–	$76.9M	0.6%
46	EcolabECL	274,300	274,300	No change	–	$75.3M	0.6%
47	NVRNVR	12,167	12,097	+70	+0.6%	$74.9M	0.6%
48	Old DominionODFL	429,150	429,150	No change	–	$74.6M	0.6%
49	Sunbelt Rentals Holdings Inc	983,207	974,361	+8,846	+0.9%	$72.0M	0.6%
50	Rockwell AutomationROK	154,900	154,900	No change	–	$67.4M	0.5%

The other 95 positions are in the filing’s information table. Together the 50 shown are 86.4% of the reported value of the stock positions.

One company can have several lines in a 13F (the filer splits a position by the entity that holds it). The lines for the same stock and share class are added together here. Reported value is the filer’s own figure for the position at quarter end. Click any number to open the filing.

What changed from Jun 30, 2026 to Sep 30, 2026

These tables compare this filing with the one for the quarter ended Jun 30, 2026 (filed Jul 31, 2026). Changes are in shares, from the filings.

New positions, not in the filing for Jun 30, 2026 (largest 15 by reported value)
Company	Shares, Sep 30, 2026	Reported value, Sep 30, 2026
ExxonMobilXOM	60,400	$9.8M
Zebra TechnologiesZBRA	6,300	$2.4M
Mobility Global Inc	117,690	$2.0M
Silicon Laboratories Inc	8,292	$1.8M
Tyler TechnologiesTYL	5,400	$1.7M
Vista Gold Corp	615,000	$1.7M
Willscot Hldgs Corp	90,000	$1.5M
Xpo Inc	8,674	$1.5M
XylemXYL	12,283	$1.2M
Watts Water Technologies Inc	3,377	$1.2M
Valvoline Inc	33,760	$1.0M
Xpel Inc	20,872	$0.9M
Toast Inc	27,000	$0.8M
Chiron Real Estate Inc	21,631	$0.8M
Siteone Landscape Supply Inc	7,956	$0.7M

Exits: positions in the filing for Jun 30, 2026 that are not in the filing for Sep 30, 2026
Company	Shares, Jun 30, 2026	Reported value, Jun 30, 2026
ExxonMobilXOM	56,100	$7.7M
Brown & BrownBRO	14,000	$0.9M

Biggest increases in shares, as a percent of the earlier position, among the 50 largest positions
Company	Shares, Jun 30, 2026	Shares, Sep 30, 2026	Change in shares	Change	Reported value, Sep 30, 2026
Watsco Inc	597,750	623,010	+25,260	+4.2%	$188.6M
LindeLIN	215,600	220,600	+5,000	+2.3%	$104.7M
Franco Nev Corp	773,500	787,000	+13,500	+1.7%	$187.4M
Lowe'sLOW	751,980	761,480	+9,500	+1.3%	$140.3M
Rli Corp	2,394,544	2,421,922	+27,378	+1.1%	$134.0M

Biggest reductions in shares, as a percent of the earlier position, among the 50 largest positions
Company	Shares, Jun 30, 2026	Shares, Sep 30, 2026	Change in shares	Change	Reported value, Sep 30, 2026
MetaMETA	234,163	209,163	−25,000	−10.7%	$151.7M
Alphabet Class AGOOGL	572,000	519,975	−52,025	−9.1%	$178.9M
DeereDE	877,900	861,150	−16,750	−1.9%	$578.3M
Brookfield Asset Managmt Ltd	2,193,953	2,173,953	−20,000	−0.9%	$96.9M

93 positions had the same number of shares in both filings. A position that is absent from a filing may have been sold in full, or may have been moved to a part of the filer that is reported elsewhere; the filing does not say.

The companies with a Ticker Sage file

96 lines of this 13F are companies Ticker Sage covers, 82.7% of the reported value of the stock positions. Each has its own file built from its 10-K and 10-Q filings.

Covered companies in the 13F for the quarter ended Sep 30, 2026
Company	Shares, Sep 30, 2026	Reported value, Sep 30, 2026
Alphabet Class C	2,749,860	$937.0M
Berkshire Hathaway Class A	1,114	$832.2M
Berkshire Hathaway	1,531,971	$762.8M
Deere	861,150	$578.3M
Amazon	2,030,760	$506.0M
Apple	1,227,290	$408.7M
Analog Devices	999,671	$396.6M
Visa	1,013,912	$364.3M
Goldman Sachs	359,360	$323.6M
Microsoft	537,630	$275.8M
Caterpillar	328,650	$266.5M
Home Depot	932,000	$265.1M
BlackRock	220,200	$233.0M
Disney	2,039,165	$213.9M
Texas Instruments	724,000	$202.8M
Alphabet Class A	519,975	$178.9M
Johnson & Johnson	610,800	$161.7M
Progressive	753,750	$156.3M
Meta	209,163	$151.7M
American Express	490,450	$149.1M
Lowe's	761,480	$140.3M
Blackstone	1,229,000	$137.8M
Charles Schwab	1,394,800	$136.3M
KKR	1,451,800	$132.5M
Marsh McLennan	763,500	$130.4M
General Dynamics	391,000	$129.7M
Archer Daniels Midland	1,505,800	$119.5M
Apollo Global Management	1,012,500	$117.5M
Mastercard	207,540	$114.5M
Linde	220,600	$104.7M
Dollar General	869,250	$103.9M
Moody's	213,890	$97.1M
Norfolk Southern	282,500	$87.3M
Illinois Tool Works	327,500	$84.3M
JPMorgan Chase	252,550	$83.6M
MSCI	142,850	$76.9M
Ecolab	274,300	$75.3M
NVR	12,167	$74.9M
Old Dominion	429,150	$74.6M
Rockwell Automation	154,900	$67.4M
Starbucks	623,818	$58.6M
Thermo Fisher	74,100	$50.0M
Rollins	1,581,025	$47.6M
S&P Global	117,690	$46.4M
Tyson Foods	913,500	$46.2M
Union Pacific	166,028	$45.2M
RTX	224,000	$41.6M
Cisco	355,500	$38.3M
Aon	135,800	$37.6M
HCA Healthcare	84,972	$36.3M
Marriott International	99,750	$35.5M
Allstate	154,550	$34.3M
Lockheed Martin	65,213	$33.2M
T. Rowe Price	314,000	$32.7M
United Rentals	31,150	$31.2M
Costco	33,748	$30.7M
Sherwin-Williams	94,172	$30.4M
Zoetis	425,296	$29.7M
Accenture	159,400	$29.2M
CSX	597,500	$27.8M
Verisk Analytics	155,950	$26.2M
Air Products	92,750	$25.8M
Philip Morris International	114,500	$21.8M
Comfort Systems USA	13,000	$21.5M
Yum! Brands	142,059	$19.4M
Applied Materials	36,350	$18.6M
BNY	124,500	$18.0M
Capital One	91,000	$17.6M
Wells Fargo	204,450	$16.4M
Nike	447,400	$15.8M
Paychex	150,000	$14.8M
Carrier Global	240,000	$13.2M
CME Group	49,750	$13.0M
IQVIA	46,900	$12.6M
Brown–Forman Class B	474,187	$12.4M
PepsiCo	96,210	$12.2M
Cboe Global Markets	43,700	$12.0M
Hershey	75,000	$11.8M
Airbnb	73,355	$11.8M
Equifax	72,850	$10.0M
ExxonMobil	60,400	$9.8M
Uber	142,500	$9.8M
Otis Worldwide	145,620	$9.4M
Huntington Ingalls Industries	27,500	$7.3M
Comcast	288,334	$6.3M
Netflix	67,500	$4.7M
Intercontinental Exchange	28,870	$4.4M
W. R. Berkley	60,750	$4.1M
Weyerhaeuser	202,000	$3.8M
MGM Resorts	87,500	$2.7M
Sysco	30,500	$2.4M
Zebra Technologies	6,300	$2.4M
Tyler Technologies	5,400	$1.7M
Domino's	5,500	$1.6M
Xylem	12,283	$1.2M
Vulcan Materials	958	$0.2M

Source filings

Latest: Form 13F-HR for the quarter ended Sep 30, 2026, filed Oct 30, 2026, accession 0001096343-26-000085: information table · cover page · filing index
Prior: Form 13F-HR for the quarter ended Jun 30, 2026, filed Jul 31, 2026, accession 0001096343-26-000065: information table · cover page · filing index

Both filings are on SEC EDGAR under CIK 0001096343. The next 13F covers the quarter ending Dec 31, 2026 and is due by Feb 14, 2027.

All tracked 13F filers · 13F filings explained · Insider buying · Methodology & Disclosures

Disclosures

Editor holdings: The editor holds no position in any company named on this page. As of Nov 11, 2026.
Compensation: Nobody paid for this page. No affiliate links on this page.
Sources: The Form 13F-HR filings above, linked next to each number.
Last updated: Nov 11, 2026

General education, the same for every reader. This page reports what one filer disclosed. It is not a recommendation to buy, sell or hold any security, and it doesn’t consider your situation.