{
 "manager": "Markel Group",
 "page": "https://www.moatshark.com/m/markel-group",
 "form": "13F-HR",
 "period": "2026-06-30",
 "filed": "2026-07-31",
 "previous_period": "2026-03-31",
 "filing_url": "https://www.sec.gov/Archives/edgar/data/1096343/000109634326000065/0001096343-26-000065-index.htm",
 "total_value_usd": 13130490727,
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holdings": [
  {
   "company": "Berkshire Hathaway",
   "ticker": "BRK.B",
   "moatshark_slug": "brk-b",
   "sector": "Insurance",
   "value_usd": 1600801869,
   "shares": 1533085,
   "portfolio_pct": 12.19,
   "previous_pct": 12.85,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "Alphabet",
   "ticker": "GOOG",
   "moatshark_slug": "goog",
   "sector": "Communication and media",
   "value_usd": 1176023673,
   "shares": 3321860,
   "portfolio_pct": 8.96,
   "previous_pct": 7.98,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 43
  },
  {
   "company": "Deere & Co",
   "ticker": "DE",
   "moatshark_slug": "de",
   "sector": "Industrials",
   "value_usd": 556878306,
   "shares": 877900,
   "portfolio_pct": 4.24,
   "previous_pct": 4.14,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 48
  },
  {
   "company": "Brookfield",
   "ticker": "BN",
   "moatshark_slug": "bn",
   "sector": "Real estate",
   "value_usd": 556805009,
   "shares": 13073609,
   "portfolio_pct": 4.24,
   "previous_pct": 4.43,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 15
  },
  {
   "company": "Amazon.com",
   "ticker": "AMZN",
   "moatshark_slug": "amzn",
   "sector": "Consumer discretionary",
   "value_usd": 484011339,
   "shares": 2030760,
   "portfolio_pct": 3.69,
   "previous_pct": 3.54,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 43
  },
  {
   "company": "Analog Devices",
   "ticker": "ADI",
   "moatshark_slug": "adi",
   "sector": "Technology",
   "value_usd": 397039330,
   "shares": 999671,
   "portfolio_pct": 3.02,
   "previous_pct": 2.73,
   "change": "REDUCE",
   "share_change_pct": -2.3,
   "quarters_held": 42
  },
  {
   "company": "Goldman Sachs Group",
   "ticker": "GS",
   "moatshark_slug": "gs",
   "sector": "Financials",
   "value_usd": 363445924,
   "shares": 359360,
   "portfolio_pct": 2.77,
   "previous_pct": 2.55,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 42
  },
  {
   "company": "Apple",
   "ticker": "AAPL",
   "moatshark_slug": "aapl",
   "sector": "Technology",
   "value_usd": 355128634,
   "shares": 1227290,
   "portfolio_pct": 2.7,
   "previous_pct": 2.61,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 45
  },
  {
   "company": "Caterpillar",
   "ticker": "CAT",
   "moatshark_slug": "cat",
   "sector": "Industrials",
   "value_usd": 349979385,
   "shares": 328650,
   "portfolio_pct": 2.67,
   "previous_pct": 1.95,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "Visa",
   "ticker": "V",
   "moatshark_slug": "v",
   "sector": "Financials",
   "value_usd": 347863069,
   "shares": 1013912,
   "portfolio_pct": 2.65,
   "previous_pct": 2.54,
   "change": "ADD",
   "share_change_pct": 1,
   "quarters_held": 53
  },
  {
   "company": "Home Depot",
   "ticker": "HD",
   "moatshark_slug": "hd",
   "sector": "Consumer discretionary",
   "value_usd": 325347299,
   "shares": 922500,
   "portfolio_pct": 2.48,
   "previous_pct": 2.53,
   "change": "ADD",
   "share_change_pct": 0.3,
   "quarters_held": 53
  },
  {
   "company": "Watsco",
   "ticker": "WSO",
   "moatshark_slug": "wso",
   "sector": "Industrials",
   "value_usd": 249100359,
   "shares": 597750,
   "portfolio_pct": 1.9,
   "previous_pct": 1.77,
   "change": "ADD",
   "share_change_pct": 2.7,
   "quarters_held": 47
  },
  {
   "company": "Texas Instruments",
   "ticker": "TXN",
   "moatshark_slug": "txn",
   "sector": "Technology",
   "value_usd": 215802680,
   "shares": 724000,
   "portfolio_pct": 1.64,
   "previous_pct": 1.18,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 42
  },
  {
   "company": "Blackrock",
   "ticker": "BLK",
   "moatshark_slug": "blk",
   "sector": "Financials",
   "value_usd": 211735512,
   "shares": 220200,
   "portfolio_pct": 1.61,
   "previous_pct": 1.77,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 7
  },
  {
   "company": "Microsoft",
   "ticker": "MSFT",
   "moatshark_slug": "msft",
   "sector": "Technology",
   "value_usd": 200546744,
   "shares": 537630,
   "portfolio_pct": 1.53,
   "previous_pct": 1.67,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 43
  },
  {
   "company": "Walt Disney",
   "ticker": "DIS",
   "moatshark_slug": "dis",
   "sector": "Consumer discretionary",
   "value_usd": 195547757,
   "shares": 2031665,
   "portfolio_pct": 1.49,
   "previous_pct": 1.64,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "American Express",
   "ticker": "AXP",
   "moatshark_slug": "axp",
   "sector": "Financials",
   "value_usd": 165894715,
   "shares": 490450,
   "portfolio_pct": 1.26,
   "previous_pct": 1.24,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "Lowe’s",
   "ticker": "LOW",
   "moatshark_slug": "low",
   "sector": "Consumer discretionary",
   "value_usd": 165804070,
   "shares": 751980,
   "portfolio_pct": 1.26,
   "previous_pct": 1.46,
   "change": "ADD",
   "share_change_pct": 1.8,
   "quarters_held": 53
  },
  {
   "company": "Progressive",
   "ticker": "PGR",
   "moatshark_slug": "pgr",
   "sector": "Insurance",
   "value_usd": 164656689,
   "shares": 753750,
   "portfolio_pct": 1.25,
   "previous_pct": 1.25,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 34
  },
  {
   "company": "Franco Nevada",
   "ticker": "FNV",
   "moatshark_slug": "fnv",
   "sector": "Materials",
   "value_usd": 161228340,
   "shares": 773500,
   "portfolio_pct": 1.23,
   "previous_pct": 1.47,
   "change": "ADD",
   "share_change_pct": 9.2,
   "quarters_held": 9
  },
  {
   "company": "LPL Financial Holdings",
   "ticker": "LPLA",
   "moatshark_slug": "lpla",
   "sector": "Financials",
   "value_usd": 157726999,
   "shares": 559951,
   "portfolio_pct": 1.2,
   "previous_pct": 1.41,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 15
  },
  {
   "company": "Johnson & Johnson",
   "ticker": "JNJ",
   "moatshark_slug": "jnj",
   "sector": "Health care",
   "value_usd": 155124875,
   "shares": 610800,
   "portfolio_pct": 1.18,
   "previous_pct": 1.25,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "Blackstone",
   "ticker": "BX",
   "moatshark_slug": "bx",
   "sector": "Financials",
   "value_usd": 144616429,
   "shares": 1229000,
   "portfolio_pct": 1.1,
   "previous_pct": 1.18,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 28
  },
  {
   "company": "RLI",
   "ticker": "RLI",
   "moatshark_slug": "rli",
   "sector": "Insurance",
   "value_usd": 141445715,
   "shares": 2394544,
   "portfolio_pct": 1.08,
   "previous_pct": 1.14,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "General Dynamics",
   "ticker": "GD",
   "moatshark_slug": "gd",
   "sector": "Industrials",
   "value_usd": 138507840,
   "shares": 391000,
   "portfolio_pct": 1.05,
   "previous_pct": 1.12,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "Novo-Nordisk",
   "ticker": "NVO",
   "moatshark_slug": "nvo",
   "sector": "Health care",
   "value_usd": 137576966,
   "shares": 2869774,
   "portfolio_pct": 1.05,
   "previous_pct": 0.88,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "KKR & Co.",
   "ticker": "KKR",
   "moatshark_slug": "kkr",
   "sector": "Financials",
   "value_usd": 133246205,
   "shares": 1451800,
   "portfolio_pct": 1.01,
   "previous_pct": 1.12,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 32
  },
  {
   "company": "Meta Platforms",
   "ticker": "META",
   "moatshark_slug": "meta",
   "sector": "Communication and media",
   "value_usd": 131901676,
   "shares": 234163,
   "portfolio_pct": 1,
   "previous_pct": 1.19,
   "change": "REDUCE",
   "share_change_pct": -5.7,
   "quarters_held": 43
  },
  {
   "company": "Charles Schwab",
   "ticker": "SCHW",
   "moatshark_slug": "schw",
   "sector": "Financials",
   "value_usd": 128698196,
   "shares": 1394800,
   "portfolio_pct": 0.98,
   "previous_pct": 1.09,
   "change": "ADD",
   "share_change_pct": 0.8,
   "quarters_held": 53
  },
  {
   "company": "Marsh & Mclennan Companies",
   "ticker": "MRSH",
   "moatshark_slug": "mrsh",
   "sector": "Insurance",
   "value_usd": 127252547,
   "shares": 763500,
   "portfolio_pct": 0.97,
   "previous_pct": 1.11,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 50
  },
  {
   "company": "Apollo Global Management",
   "ticker": "APO",
   "moatshark_slug": "apo",
   "sector": "Financials",
   "value_usd": 119788875,
   "shares": 1012500,
   "portfolio_pct": 0.91,
   "previous_pct": 0.94,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 18
  },
  {
   "company": "Archer-Daniels-Midland",
   "ticker": "ADM",
   "moatshark_slug": "adm",
   "sector": "Consumer staples",
   "value_usd": 115043119,
   "shares": 1505800,
   "portfolio_pct": 0.88,
   "previous_pct": 0.92,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "Linde",
   "ticker": "LIN",
   "moatshark_slug": "lin",
   "sector": "Materials",
   "value_usd": 111883464,
   "shares": 215600,
   "portfolio_pct": 0.85,
   "previous_pct": 0.85,
   "change": "ADD",
   "share_change_pct": 5.4,
   "quarters_held": 14
  },
  {
   "company": "Diageo",
   "ticker": "DEO",
   "moatshark_slug": "deo",
   "sector": "Consumer staples",
   "value_usd": 110298080,
   "shares": 1372208,
   "portfolio_pct": 0.84,
   "previous_pct": 0.86,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "Mastercard",
   "ticker": "MA",
   "moatshark_slug": "ma",
   "sector": "Financials",
   "value_usd": 106592545,
   "shares": 207540,
   "portfolio_pct": 0.81,
   "previous_pct": 0.87,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "Dollar General",
   "ticker": "DG",
   "moatshark_slug": "dg",
   "sector": "Consumer discretionary",
   "value_usd": 100059367,
   "shares": 869250,
   "portfolio_pct": 0.76,
   "previous_pct": 0.86,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 20
  },
  {
   "company": "Brookfield Asset Management",
   "ticker": "BAM",
   "moatshark_slug": "bam",
   "sector": "Financials",
   "value_usd": 98398791,
   "shares": 2193953,
   "portfolio_pct": 0.75,
   "previous_pct": 0.82,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 15
  },
  {
   "company": "HEICO Ord",
   "ticker": "HEI.A",
   "moatshark_slug": "hei-a",
   "sector": "Industrials",
   "value_usd": 97913984,
   "shares": 379644,
   "portfolio_pct": 0.75,
   "previous_pct": 0.67,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 41
  },
  {
   "company": "Moody's",
   "ticker": "MCO",
   "moatshark_slug": "mco",
   "sector": "Financials",
   "value_usd": 96875059,
   "shares": 213890,
   "portfolio_pct": 0.74,
   "previous_pct": 0.78,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "Old Dominion Freight Line",
   "ticker": "ODFL",
   "moatshark_slug": "odfl",
   "sector": "Industrials",
   "value_usd": 92953890,
   "shares": 429150,
   "portfolio_pct": 0.71,
   "previous_pct": 0.7,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 17
  },
  {
   "company": "Norfolk Southern",
   "ticker": "NSC",
   "moatshark_slug": "nsc",
   "sector": "Industrials",
   "value_usd": 88871675,
   "shares": 282500,
   "portfolio_pct": 0.68,
   "previous_pct": 0.68,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "Illinois Tool Works",
   "ticker": "ITW",
   "moatshark_slug": "itw",
   "sector": "Industrials",
   "value_usd": 88578926,
   "shares": 327500,
   "portfolio_pct": 0.67,
   "previous_pct": 0.71,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "JPMorgan Chase",
   "ticker": "JPM",
   "moatshark_slug": "jpm",
   "sector": "Financials",
   "value_usd": 82667192,
   "shares": 252550,
   "portfolio_pct": 0.63,
   "previous_pct": 0.62,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 45
  },
  {
   "company": "NVR",
   "ticker": "NVR",
   "moatshark_slug": "nvr",
   "sector": "Consumer discretionary",
   "value_usd": 82421700,
   "shares": 12097,
   "portfolio_pct": 0.63,
   "previous_pct": 0.67,
   "change": "ADD",
   "share_change_pct": 0.1,
   "quarters_held": 31
  },
  {
   "company": "MSCI",
   "ticker": "MSCI",
   "moatshark_slug": "msci",
   "sector": "Financials",
   "value_usd": 80001714,
   "shares": 142850,
   "portfolio_pct": 0.61,
   "previous_pct": 0.64,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 43
  },
  {
   "company": "Rockwell Automation",
   "ticker": "ROK",
   "moatshark_slug": "rok",
   "sector": "Technology",
   "value_usd": 76687892,
   "shares": 154900,
   "portfolio_pct": 0.58,
   "previous_pct": 0.47,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 45
  },
  {
   "company": "Ecolab",
   "ticker": "ECL",
   "moatshark_slug": "ecl",
   "sector": "Materials",
   "value_usd": 76422723,
   "shares": 274300,
   "portfolio_pct": 0.58,
   "previous_pct": 0.61,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "Sunbelt Rentals Holdings",
   "ticker": "SUNB",
   "moatshark_slug": "sunb",
   "sector": "Industrials",
   "value_usd": 72891947,
   "shares": 974361,
   "portfolio_pct": 0.56,
   "previous_pct": 0.53,
   "change": "ADD",
   "share_change_pct": 1.1,
   "quarters_held": 2
  },
  {
   "company": "Starbucks",
   "ticker": "SBUX",
   "moatshark_slug": "sbux",
   "sector": "Consumer discretionary",
   "value_usd": 63747961,
   "shares": 623818,
   "portfolio_pct": 0.49,
   "previous_pct": 0.47,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 39
  },
  {
   "company": "Rollins",
   "ticker": "ROL",
   "moatshark_slug": "rol",
   "sector": "Industrials",
   "value_usd": 63299755,
   "shares": 1516525,
   "portfolio_pct": 0.48,
   "previous_pct": 0.67,
   "change": "ADD",
   "share_change_pct": 1.2,
   "quarters_held": 51
  },
  {
   "company": "Hanover Insurance Group",
   "ticker": "THG",
   "moatshark_slug": "thg",
   "sector": "Insurance",
   "value_usd": 60167720,
   "shares": 281000,
   "portfolio_pct": 0.46,
   "previous_pct": 0.41,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 18
  },
  {
   "company": "Investors Title",
   "ticker": "ITIC",
   "moatshark_slug": "itic",
   "sector": "Insurance",
   "value_usd": 58375945,
   "shares": 213300,
   "portfolio_pct": 0.44,
   "previous_pct": 0.39,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "company": "Carlyle Group",
   "ticker": "CG",
   "moatshark_slug": "cg",
   "sector": "Financials",
   "value_usd": 55879970,
   "shares": 1327000,
   "portfolio_pct": 0.43,
   "previous_pct": 0.54,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 26
  },
  {
   "company": "Tyson Foods",
   "ticker": "TSN",
   "moatshark_slug": "tsn",
   "sector": "Consumer staples",
   "value_usd": 52297875,
   "shares": 913500,
   "portfolio_pct": 0.4,
   "previous_pct": 0.48,
   "change": "ADD",
   "share_change_pct": 2.7,
   "quarters_held": 39
  },
  {
   "company": "S&P Global",
   "ticker": "SPGI",
   "moatshark_slug": "spgi",
   "sector": "Financials",
   "value_usd": 47930429,
   "shares": 117690,
   "portfolio_pct": 0.37,
   "previous_pct": 0.42,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 41
  },
  {
   "company": "Aon",
   "ticker": "AON",
   "moatshark_slug": "aon",
   "sector": "Insurance",
   "value_usd": 45043503,
   "shares": 135800,
   "portfolio_pct": 0.34,
   "previous_pct": 0.37,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 23
  },
  {
   "company": "Union Pacific",
   "ticker": "UNP",
   "moatshark_slug": "unp",
   "sector": "Industrials",
   "value_usd": 43799616,
   "shares": 161028,
   "portfolio_pct": 0.33,
   "previous_pct": 0.31,
   "change": "ADD",
   "share_change_pct": 7.2,
   "quarters_held": 43
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}