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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 (2016Q1)
Portfolio Summary: 129 holdings with a total value of $3,725,256,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 CARMAX 4,913,070 251,057,000 6.74%
2 BERKSHIRE HATHAWAY INC DEL 1,084 231,380,000 6.21%
3 BERKSHIRE HATHAWAY INC DEL 1,511,607 214,467,000 5.76%
4 WALGREENS BOOTS ALLIANCE INC 2,135,000 179,852,000 4.83%
5 BROOKFIELD ASSET MGMT INC 5,048,021 175,621,000 4.71%
6 DISNEY WALT CO 1,591,200 158,022,000 4.24%
7 DIAGEO P L C 1,286,700 138,796,000 3.73%
8 HOME DEPOT INC 920,000 122,756,000 3.30%
9 MARRIOTT INTL 1,451,769 103,337,000 2.77%
10 UNITEDHEALTH GROUP INC 663,000 85,461,000 2.29%
11 DEERE & CO 1,092,400 84,104,000 2.26%
12 RLI CORP COM 1,197,272 80,050,000 2.15%
13 EXXON MOBIL CORP 944,800 78,976,000 2.12%
14 UNILEVER PLC 1,525,900 68,940,000 1.85%
15 JOHNSON & JOHNSON 610,800 66,089,000 1.77%
16 VISA INC 854,700 65,367,000 1.75%
17 WP CAREY INC COM 950,200 59,141,000 1.59%
18 NOVO-NORDISK A S 1,075,000 58,254,000 1.56%
19 ARCHER DANIELS M 1,431,300 51,971,000 1.40%
20 BLACKROCK INC 152,000 51,767,000 1.39%
21 GENERAL DYNAMICS CORP 387,000 50,840,000 1.36%
22 SCHLUMBERGER LTD 662,500 48,859,000 1.31%
23 AUTOMATIC DATA PROCESSING IN 530,700 47,609,000 1.28%
24 BROWN FORMAN CORP 421,500 44,970,000 1.21%
25 LOWES COS INC 540,000 40,905,000 1.10%
26 COPART INC 965,000 39,343,000 1.06%
27 TRAVELERS COMPANIES INC 315,000 36,764,000 0.99%
28 MARSH & MCLENNAN COS INC 589,500 35,836,000 0.96%
29 MONSANTO CO NEW 396,700 34,806,000 0.93%
30 3M CO 204,000 33,993,000 0.91%
31 COLFAX CORP 1,135,070 32,451,000 0.87%
32 ANTHEM INC 224,000 31,134,000 0.84%
33 SCHWAB CHARLES CORP 1,057,000 29,617,000 0.80%
34 HASBRO INC 364,000 29,156,000 0.78%
35 Oaktree Cap Grp Llc 589,500 29,080,000 0.78%
36 MOODYS CORP 290,000 28,002,000 0.75%
37 ORACLE CORP 638,000 26,101,000 0.70%
38 CVS HEALTH CORP 247,000 25,621,000 0.69%
39 FACTSET RESH SYS INC 164,000 24,851,000 0.67%
40 AMERICAN EXPRESS CO 386,000 23,700,000 0.64%
41 ILLINOIS TOOL WKS INC 230,000 23,561,000 0.63%
42 MATTEL INC 636,000 21,382,000 0.57%
43 FEDERATED HERMES INC CL B 739,000 21,320,000 0.57%
44 CATERPILLAR INC 278,000 21,278,000 0.57%
45 PRICE T ROWE GROUP INC 285,000 20,936,000 0.56%
46 DISCOVERY C 738,000 19,926,000 0.53%
47 LIBERTY MEDIA CORP 522,000 19,883,000 0.53%
48 NIKE INC 320,000 19,670,000 0.53%
49 INVESTORS TITLE CO NC COM 213,300 19,425,000 0.52%
50 NATIONAL OILWELL 610,000 18,971,000 0.51%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000950123-16-016307, filed 2016.05.06).

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.