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Institutional Investment Manager
MARKEL GROUP INC.
MARKEL GROUP INC. (CIK: 0001096343) incorporated in Virginia, registered under Fire, Marine & Casualty Insurance, located at 4521 Highwoods Parkway, Glen Allen, VA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q2)
Portfolio Summary: 105 holdings with a total value of $3,507,277,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 CARMAX 4,963,070 258,129,000 7.36%
2 BERKSHIRE HATHAWAY INC DEL 1,078 204,713,000 5.84%
3 BERKSHIRE HATHAWAY INC DEL 1,511,607 191,309,000 5.45%
4 Walgreens 2,135,000 158,268,000 4.51%
5 DIAGEO P L C 1,216,000 154,760,000 4.41%
6 BROOKFIELD ASSET MGMT INC 3,264,548 143,706,000 4.10%
7 FAIRFAX FINANCIAL HOLDINGS LTD 279,459 132,045,000 3.76%
8 DISNEY WALT CO 1,499,500 128,567,000 3.67%
9 EXXON MOBIL CORP 868,800 87,471,000 2.49%
10 MARRIOTT INTL 1,305,869 83,706,000 2.39%
11 WAL-MART STORES INC 1,098,000 82,427,000 2.35%
12 COLFAX CORP 1,085,070 80,881,000 2.31%
13 HOME DEPOT INC 920,000 74,483,000 2.12%
14 GENERAL ELECTRIC CO 2,816,000 74,004,000 2.11%
15 UNITED PARCEL SERVICE INC 715,500 73,453,000 2.09%
16 FEDERATED HERMES INC CL B 2,134,000 65,983,000 1.88%
17 WP CAREY INC COM 950,200 61,193,000 1.74%
18 ARCHER DANIELS M 1,376,000 60,695,000 1.73%
19 JOHNSON & JOHNSON 574,200 60,073,000 1.71%
20 RLI CORP COM 1,197,272 54,811,000 1.56%
21 UNITEDHEALTH GROUP INC 627,000 51,257,000 1.46%
22 NOVO-NORDISK A S 1,075,000 49,654,000 1.42%
23 ANHEUSER BUSCH INBEV SA/NV 415,000 47,700,000 1.36%
24 GENERAL DYNAMICS CORP 387,000 45,105,000 1.29%
25 AUTOMATIC DATA PROCESSING IN 527,700 41,836,000 1.19%
26 UNILEVER PLC 912,000 41,323,000 1.18%
27 BROWN FORMAN CORP 421,500 38,921,000 1.11%
28 SCHLUMBERGER LTD 310,000 36,564,000 1.04%
29 TEVA PHARMACEUTICAL INDS LTD 694,000 36,379,000 1.04%
30 VISA INC 164,500 34,662,000 0.99%
31 MICROSOFT CORP 818,000 34,111,000 0.97%
32 LIBERTY MEDIA SER A 246,000 33,623,000 0.96%
33 AMERICAN EXPRESS CO 349,000 33,110,000 0.94%
34 NATIONAL OILWELL 393,000 32,364,000 0.92%
35 INTEL CORP 991,000 30,622,000 0.87%
36 3M Co 204,000 29,221,000 0.83%
37 SCHWAB CHARLES CORP 1,057,000 28,465,000 0.81%
38 BLACKROCK INC 89,000 28,444,000 0.81%
39 CATERPILLAR INC 241,000 26,189,000 0.75%
40 LOWES COS INC 540,000 25,915,000 0.74%
41 ORACLE CORPORATION 638,000 25,858,000 0.74%
42 COPART INC 630,000 22,655,000 0.65%
43 PRICE T ROWE GROUP INC 250,000 21,103,000 0.60%
44 Anthem, Inc. 188,000 20,231,000 0.58%
45 ILLINOIS TOOL WKS INC 230,000 20,139,000 0.57%
46 MOODYS CORP 227,000 19,899,000 0.57%
47 MCDONALDS CORP 181,000 18,234,000 0.52%
48 Deere & Co 190,000 17,204,000 0.49%
49 Travelers Cos Inc 170,000 15,992,000 0.46%
50 Chubb Corporation 172,000 15,853,000 0.45%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000950123-14-008130, filed 2014.08.08).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.