# Markel Group: 13F portfolio, Q2 2026

Investment firm, Glen Allen.

Source: SEC Form 13F filed 2026-07-31 for the quarter ended 2026-06-30: https://www.sec.gov/Archives/edgar/data/1096343/000109634326000065/0001096343-26-000065-index.htm
Values are as the manager reported them in the filing, not current market prices.
Page: https://valuepeg.com/managers/markel-group
Updated: 2026-07-31 · Next filing due by 2026-11-14

## Summary
- Reported value: $13.1B (Q1 2026: $11.9B)
- Positions: 130 (Q1 2026: 129)
- Top 10 holdings: 42.9% of the portfolio
- This quarter: 3 new, 24 added to, 3 trimmed, 2 sold out

## What Markel Group did in Q2 2026
Markel Group opened new positions in Zoetis, Netflix and Ufp Industries. It raised its stake in Weyerhaeuser by 586%, Mercadolibre by 340% and Enterprise Products Partners by 182%. It sold out of Scotts Miracle-Gro and Unitedhealth Group. Alphabet is now the largest holding, at 7.4% of the portfolio.

## Biggest buys
- Zoetis (ZTS): New
- Netflix (NFLX): New
- Ufp Industries (UFPI): New
- Weyerhaeuser (WY): +586%
- Mercadolibre (MELI): +340%

## Biggest sells
- Scotts Miracle-Gro (SMG): Sold out
- Unitedhealth Group (UNH): Sold out
- Comcast (CMCSA): −17%
- Meta Platforms (META): −6%
- Analog Devices (ADI): −2%

## Top 15 holdings
| # | Company | Ticker | % of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|---|
| 1 | Alphabet | GOOG | 7.4% | $971.6M | No change | Q3 2024 or earlier |
| 2 | Berkshire Hathaway | BRK-A | 6.4% | $834.2M | No change | Q3 2024 or earlier |
| 3 | Berkshire Hathaway | BRK-B | 5.8% | $766.6M | No change | Q3 2024 or earlier |
| 4 | Deere | DE | 4.2% | $556.9M | No change | Q3 2024 or earlier |
| 5 | Brookfield | BN | 4.2% | $556.8M | No change | Q3 2024 or earlier |
| 6 | Amazon | AMZN | 3.7% | $484.0M | No change | Q3 2024 or earlier |
| 7 | Analog Devices | ADI | 3.0% | $397.0M | −2% | Q3 2024 or earlier |
| 8 | Goldman Sachs Group | GS | 2.8% | $363.4M | No change | Q3 2024 or earlier |
| 9 | Apple | AAPL | 2.7% | $355.1M | No change | Q3 2024 or earlier |
| 10 | Caterpillar | CAT | 2.7% | $350.0M | No change | Q3 2024 or earlier |
| 11 | Visa | V | 2.6% | $347.9M | +1.0% | Q3 2024 or earlier |
| 12 | Home Depot | HD | 2.5% | $325.3M | +0.3% | Q3 2024 or earlier |
| 13 | Watsco | WSO | 1.9% | $249.1M | +3% | Q3 2024 or earlier |
| 14 | Texas Instruments | TXN | 1.6% | $215.8M | No change | Q3 2024 or earlier |
| 15 | BlackRock | BLK | 1.6% | $211.7M | No change | Q4 2024 |

115 more positions and every quarter's holdings are on Valuepeg for members: https://valuepeg.com/managers/markel-group

## Other value investors
- Muhlenkamp & Company: https://valuepeg.com/managers/muhlenkamp
- Oaktree Capital (Howard Marks): https://valuepeg.com/managers/oaktree-capital
- Pershing Square (Bill Ackman): https://valuepeg.com/managers/pershing-square
- Polen Capital: https://valuepeg.com/managers/polen-capital
- Scion Asset Management (Michael Burry): https://valuepeg.com/managers/scion-asset-management

## About this data
- **What is a 13F?** A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- **How current is it?** Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- **Whose figures are these?** The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- **What does it leave out?** Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.

Not investment advice.