Markel Group 13F, Q1 2025
Thomas Gayner · quarter ending 31 March 2025 · filed 2 May 2025 · SEC CIK 1096343
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
The 25 largest of 135 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| BERKSHIRE HATHAWAY INC DEL | BRK/A | $889.46M | 7.9% | unchanged |
| BERKSHIRE HATHAWAY INC DEL | BRK/B | $815.90M | 7.3% | unchanged |
| BROOKFIELD CORP | BN | $456.79M | 4.1% | unchanged |
| ALPHABET INC | GOOG | $429.61M | 3.8% | unchanged |
| DEERE & CO | DE | $411.95M | 3.7% | unchanged |
| AMAZON COM INC | AMZN | $386.37M | 3.4% | unchanged |
| VISA INC | V | $350.21M | 3.1% | unchanged |
| HOME DEPOT INC | HD | $337.17M | 3.0% | unchanged |
| WATSCO INC | WSO | $300.15M | 2.7% | unchanged |
| APPLE INC | AAPL | $272.62M | 2.4% | unchanged |
| ANALOG DEVICES INC | ADI | $235.48M | 2.1% | unchanged |
| PROGRESSIVE CORP | PGR | $213.32M | 1.9% | unchanged |
| BLACKROCK INC | BLK | $208.41M | 1.9% | unchanged |
| DISNEY WALT CO | DIS | $200.53M | 1.8% | unchanged |
| GOLDMAN SACHS GROUP INC | GS | $196.31M | 1.7% | unchanged |
| MICROSOFT CORP | MSFT | $196.23M | 1.7% | unchanged |
| RLI CORP | RLI | $192.35M | 1.7% | +100% shares |
| MARSH & MCLENNAN COS INC | MRSH | $181.44M | 1.6% | unchanged |
| LPL FINL HLDGS INC | LPLA | $176.36M | 1.6% | unchanged |
| BLACKSTONE INC | BX | $171.79M | 1.5% | unchanged |
| KKR & CO INC | KKR | $167.84M | 1.5% | unchanged |
| LOWES COS INC | LOW | $165.18M | 1.5% | unchanged |
| META PLATFORMS INC | META | $161.43M | 1.4% | unchanged |
| NOVO-NORDISK A S | NVO | $149.30M | 1.3% | unchanged |
| DIAGEO PLC | DEO | $143.22M | 1.3% | unchanged |
What changed since Q4 2024
Against the Q4 2024 filing, Markel Group opened 3 new positions, added to 29, trimmed 1, left 102 unchanged and exited 0. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001096343-25-000062, filed by MARKEL GROUP INC.. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.