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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 (2016Q2)
Portfolio Summary: 130 holdings with a total value of $3,794,254,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 CARMAX 4,913,070 240,888,000 6.35%
2 BERKSHIRE HATHAWAY INC DEL 1,084 235,201,000 6.20%
3 BERKSHIRE HATHAWAY INC DEL 1,511,607 218,866,000 5.77%
4 WALGREENS BOOTS ALLIANCE INC 2,135,000 177,781,000 4.69%
5 BROOKFIELD ASSET MGMT INC 5,082,821 168,089,000 4.43%
6 DISNEY WALT CO 1,611,200 157,608,000 4.15%
7 DIAGEO P L C 1,302,300 147,004,000 3.87%
8 HOME DEPOT INC 920,000 117,475,000 3.10%
9 MARRIOTT INTL 1,472,269 97,847,000 2.58%
10 UNITEDHEALTH GROUP INC 663,000 93,616,000 2.47%
11 EXXON MOBIL CORP 944,800 88,565,000 2.33%
12 DEERE & CO 1,092,400 88,528,000 2.33%
13 RLI CORP COM 1,197,272 82,348,000 2.17%
14 JOHNSON & JOHNSON 610,800 74,090,000 1.95%
15 UNILEVER PLC 1,527,600 73,187,000 1.93%
16 WP CAREY INC COM 950,200 65,963,000 1.74%
17 VISA INC 861,700 63,912,000 1.68%
18 ARCHER DANIELS M 1,463,300 62,761,000 1.65%
19 NOVO-NORDISK A S 1,075,000 57,813,000 1.52%
20 GENERAL DYNAMICS CORP 387,000 53,886,000 1.42%
21 BLACKROCK INC 154,500 52,921,000 1.39%
22 SCHLUMBERGER LTD 662,500 52,390,000 1.38%
23 AUTOMATIC DATA PROCESSING IN 530,700 48,755,000 1.28%
24 COPART INC 965,000 47,295,000 1.25%
25 BROWN FORMAN CORP 421,500 45,535,000 1.20%
26 LOWES COS INC 540,000 42,752,000 1.13%
27 MARSH & MCLENNAN COS INC 609,500 41,726,000 1.10%
28 MONSANTO CO NEW 396,700 41,023,000 1.08%
29 TRAVELERS COMPANIES INC 315,000 37,498,000 0.99%
30 3M CO 204,000 35,725,000 0.94%
31 HASBRO INC 364,000 30,572,000 0.81%
32 COLFAX CORP 1,135,070 30,034,000 0.79%
33 ANTHEM INC 224,000 29,420,000 0.78%
34 Oaktree Cap Grp Llc 644,500 28,848,000 0.76%
35 MOODYS CORP 290,000 27,176,000 0.72%
36 SCHWAB CHARLES CORP 1,057,000 26,753,000 0.71%
37 FACTSET RESH SYS INC 164,000 26,473,000 0.70%
38 ORACLE CORP 638,000 26,113,000 0.69%
39 ILLINOIS TOOL WKS INC 230,000 23,957,000 0.63%
40 CVS HEALTH CORP 247,000 23,648,000 0.62%
41 AMERICAN EXPRESS CO 386,000 23,454,000 0.62%
42 ALPHABET INC 33,531 23,207,000 0.61%
43 WATSCO INC 150,500 21,174,000 0.56%
44 CATERPILLAR INC 278,000 21,075,000 0.56%
45 PRICE T ROWE GROUP INC 285,000 20,797,000 0.55%
46 NATIONAL OILWELL 610,000 20,526,000 0.54%
47 INVESTORS TITLE CO NC COM 213,300 20,317,000 0.54%
48 ECOLAB INC 165,800 19,664,000 0.52%
49 NORFOLK SOUTHN CORP 229,500 19,537,000 0.51%
50 DISCOVERY C 756,000 18,031,000 0.48%
Page 1 of 3

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000950123-16-018929, filed 2016.08.05).

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.