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MARKEL CORP
MARKEL CORP. Institutional holdings reported to the SEC.

Institutional Holders (2016Q3)
Portfolio Summary: 424 Institutional holders with a total value of $9,937,062,843.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 VANGUARD GROUP INC 1,018,444 945,901,000 9.52%
2 BAILLIE GIFFORD & CO 903,999 839,607,000 8.45%
3 PRINCIPAL FINANCIAL GROUP INC 607,699 564,412,000 5.68%
4 AKRE CAPITAL MANAGEMENT LLC 514,909 478,232,000 4.81%
5 ATLANTA CAPITAL MANAGEMENT CO L L C 502,107 466,342,000 4.69%
6 WELLINGTON MANAGEMENT GROUP LLP 443,090 411,529,000 4.14%
7 BlackRock Institutional Trust Company, N.A. 352,222 327,133,000 3.29%
8 STATE STREET CORP 290,039 269,385,000 2.71%
9 DAVENPORT & Co LLC 283,451 263,260,785 2.65%
10 DAVIS SELECTED ADVISERS 279,791 259,861,000 2.62%
11 Broad Run Investment Management, LLC 228,221 211,965,000 2.13%
12 BESSEMER GROUP INC 214,914 199,606,000 2.01%
13 Capital Research Global Investors 212,852 197,691,000 1.99%
14 BlackRock Fund Advisors 193,199 179,437,000 1.81%
15 FRONTIER INVESTMENT MGMT CO 16,353 151,882,000 1.53%
16 MAR VISTA INVESTMENT PARTNERS LLC 143,457 133,239,000 1.34%
17 SPRUCEGROVE INVESTMENT MANAGEMENT LTD 134,640 125,050,000 1.26%
18 NORGES BANK 130,338 115,620,000 1.16%
19 RENAISSANCE TECHNOLOGIES LLC 118,300 109,873,000 1.11%
20 Mitsubishi UFJ Trust & Banking Corp 115,920 107,663,000 1.08%
21 AVENIR CORP 109,894 102,067,000 1.03%
22 COMMONWEALTH BANK OF AUSTRALIA 109,567 101,764,000 1.02%
23 MADISON INVESTMENT HOLDINGS INC 108,606 100,870,000 1.02%
24 DF DENT & CO INC 100,326 93,180,000 0.94%
25 Bares Capital Management, Inc. 96,704 89,816,000 0.90%
26 GEODE CAPITAL MANAGEMENT, LLC 94,467 87,701,000 0.88%
27 CANADA LIFE ASSURANCE Co 92,030 85,322,000 0.86%
28 Polar Capital LLP 90,651 84,194,000 0.85%
29 BECK MACK & OLIVER LLC 89,053 82,710,000 0.83%
30 Sterling Capital Management LLC 86,365 80,213,000 0.81%
31 FENIMORE ASSET MANAGEMENT INC 85,962 79,839,000 0.80%
32 BlackRock Group LTD 85,917 79,796,000 0.80%
33 EMERALD ACQUISITION LTD. 84,583 78,558,000 0.79%
34 NORTHERN TRUST CORP 79,456 73,796,000 0.74%
35 BANK OF AMERICA CORP /DE/ 71,381 66,296,000 0.67%
36 BARR E S & CO 71,037 65,977,000 0.66%
37 VICTORY CAPITAL MANAGEMENT INC 60,081 55,801,000 0.56%
38 WELLS FARGO & COMPANY/MN 59,975 55,703,000 0.56%
39 Legal & General Group Plc 58,718 54,529,000 0.55%
40 DIMENSIONAL FUND ADVISORS LP 56,940 52,875,000 0.53%
41 Douglass Winthrop Advisors, LLC 56,843 52,794,000 0.53%
42 CONFLUENCE INVESTMENT MANAGEMENT LLC 56,410 52,392,000 0.53%
43 JANUS HENDERSON INVESTORS US LLC 53,300 49,503,000 0.50%
44 Bank of New York Mellon Corp 52,697 48,942,000 0.49%
45 Sumitomo Mitsui Trust Group, Inc. 44,277 41,123,000 0.41%
46 LORD, ABBETT & CO. LLC 43,387 40,297,000 0.41%
47 MACKENZIE FINANCIAL CORP 41,802 38,824,000 0.39%
48 Swiss National Bank 38,800 36,036,000 0.36%
49 NEW YORK STATE COMMON RETIREMENT FUND 37,929 35,227,000 0.35%
50 Epoch Investment Partners, Inc. 37,856 35,160,000 0.35%
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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.