# Markel Group portfolio: Q2 2026 13F holdings | moatshark

Tom Gayner’s Markel Group: $13bn in 127 US holdings at Q2 2026, with buys and sells. Top: Berkshire Hathaway, Alphabet, Deere & Co, Brookfield, Amazon.com.

In Q2 2026, Markel Group held 127 US-listed stocks worth $13bn. It made only small changes. It started 3 new positions and sold out of 2. Its largest holding is Berkshire Hathaway at 12%.

13F for the quarter ending 2026-06-30, filed 2026-07-31 ([filing](https://www.sec.gov/Archives/edgar/data/1096343/000109634326000065/0001096343-26-000065-index.htm)). $13bn in US-listed holdings.

## 13F holdings

| Company | Value | Portfolio | Change | Q1 2026 |
| --- | --- | --- | --- | --- |
| Berkshire Hathaway (BRK.B) | $1.6bn | 12.2% | Unchanged | 12.8% |
| Alphabet (GOOG) | $1.2bn | 9.0% | Unchanged | 8.0% |
| Deere & Co (DE) | $557m | 4.2% | Unchanged | 4.1% |
| Brookfield (BN) | $557m | 4.2% | Unchanged | 4.4% |
| Amazon.com (AMZN) | $484m | 3.7% | Unchanged | 3.5% |
| Analog Devices (ADI) | $397m | 3.0% | Trimmed -2.3% | 2.7% |
| Goldman Sachs Group (GS) | $363m | 2.8% | Unchanged | 2.5% |
| Apple (AAPL) | $355m | 2.7% | Unchanged | 2.6% |
| Caterpillar (CAT) | $350m | 2.7% | Unchanged | 1.9% |
| Visa (V) | $348m | 2.6% | Added +1.0% | 2.5% |
| Home Depot (HD) | $325m | 2.5% | Added +0.3% | 2.5% |
| Watsco (WSO) | $249m | 1.9% | Added +2.7% | 1.8% |
| Texas Instruments (TXN) | $216m | 1.6% | Unchanged | 1.2% |
| Blackrock (BLK) | $212m | 1.6% | Unchanged | 1.8% |
| Microsoft (MSFT) | $201m | 1.5% | Unchanged | 1.7% |
| Walt Disney (DIS) | $196m | 1.5% | Unchanged | 1.6% |
| American Express (AXP) | $166m | 1.3% | Unchanged | 1.2% |
| Lowe’s (LOW) | $166m | 1.3% | Added +1.8% | 1.5% |
| Progressive (PGR) | $165m | 1.3% | Unchanged | 1.3% |
| Franco Nevada (FNV) | $161m | 1.2% | Added +9.2% | 1.5% |
| LPL Financial Holdings (LPLA) | $158m | 1.2% | Unchanged | 1.4% |
| Johnson & Johnson (JNJ) | $155m | 1.2% | Unchanged | 1.3% |
| Blackstone (BX) | $145m | 1.1% | Unchanged | 1.2% |
| RLI (RLI) | $141m | 1.1% | Unchanged | 1.1% |
| General Dynamics (GD) | $139m | 1.1% | Unchanged | 1.1% |
| Novo-Nordisk (NVO) | $138m | 1.1% | Unchanged | 0.9% |
| KKR & Co. (KKR) | $133m | 1.0% | Unchanged | 1.1% |
| Meta Platforms (META) | $132m | 1.0% | Trimmed -5.7% | 1.2% |
| Charles Schwab (SCHW) | $129m | 1.0% | Added +0.8% | 1.1% |
| Marsh & Mclennan Companies (MRSH) | $127m | 1.0% | Unchanged | 1.1% |
| Apollo Global Management (APO) | $120m | 0.9% | Unchanged | 0.9% |
| Archer-Daniels-Midland (ADM) | $115m | 0.9% | Unchanged | 0.9% |
| Linde (LIN) | $112m | 0.8% | Added +5.4% | 0.8% |
| Diageo (DEO) | $110m | 0.8% | Unchanged | 0.9% |
| Mastercard (MA) | $107m | 0.8% | Unchanged | 0.9% |
| Dollar General (DG) | $100m | 0.8% | Unchanged | 0.9% |
| Brookfield Asset Management (BAM) | $98.4m | 0.8% | Unchanged | 0.8% |
| HEICO Ord (HEI.A) | $97.9m | 0.8% | Unchanged | 0.7% |
| Moody's (MCO) | $96.9m | 0.7% | Unchanged | 0.8% |
| Old Dominion Freight Line (ODFL) | $93.0m | 0.7% | Unchanged | 0.7% |
| Norfolk Southern (NSC) | $88.9m | 0.7% | Unchanged | 0.7% |
| Illinois Tool Works (ITW) | $88.6m | 0.7% | Unchanged | 0.7% |
| JPMorgan Chase (JPM) | $82.7m | 0.6% | Unchanged | 0.6% |
| NVR (NVR) | $82.4m | 0.6% | Added +0.1% | 0.7% |
| MSCI (MSCI) | $80.0m | 0.6% | Unchanged | 0.6% |
| Rockwell Automation (ROK) | $76.7m | 0.6% | Unchanged | 0.5% |
| Ecolab (ECL) | $76.4m | 0.6% | Unchanged | 0.6% |
| Sunbelt Rentals Holdings (SUNB) | $72.9m | 0.6% | Added +1.1% | 0.5% |
| Starbucks (SBUX) | $63.7m | 0.5% | Unchanged | 0.5% |
| Rollins (ROL) | $63.3m | 0.5% | Added +1.2% | 0.7% |
| Hanover Insurance Group (THG) | $60.2m | 0.5% | Unchanged | 0.4% |
| Investors Title (ITIC) | $58.4m | 0.4% | Unchanged | 0.4% |
| Carlyle Group (CG) | $55.9m | 0.4% | Unchanged | 0.5% |
| Tyson Foods (TSN) | $52.3m | 0.4% | Added +2.7% | 0.5% |
| S&P Global (SPGI) | $47.9m | 0.4% | Unchanged | 0.4% |
| Aon (AON) | $45.0m | 0.3% | Unchanged | 0.4% |
| Union Pacific (UNP) | $43.8m | 0.3% | Added +7.2% | 0.3% |
| Ferguson Enterprises (FERG) | $42.8m | 0.3% | Added +5.6% | 0.3% |
| RTX (RTX) | $42.5m | 0.3% | Unchanged | 0.4% |
| Cisco Systems (CSCO) | $41.8m | 0.3% | Unchanged | 0.2% |
| MercadoLibre (MELI) | $40.7m | 0.3% | Added +340% | 0.1% |
| Yum! Brands (YUM) | $39.2m | 0.3% | Unchanged | 0.3% |
| Marriott International (MAR) | $36.9m | 0.3% | Added +6.1% | 0.3% |
| Allstate (ALL) | $36.8m | 0.3% | Unchanged | 0.3% |
| Thermo Fisher Scientific (TMO) | $36.6m | 0.3% | Added +8.9% | 0.3% |
| Costco Wholesale (COST) | $36.6m | 0.3% | Unchanged | 0.3% |
| Hagerty (HGTY) | $35.9m | 0.3% | Unchanged | 0.3% |
| Brown Forman (BF.B) | $35.7m | 0.3% | Unchanged | 0.3% |
| T Rowe Price Group (TROW) | $35.7m | 0.3% | Unchanged | 0.2% |
| United Rentals (URI) | $35.3m | 0.3% | Unchanged | 0.2% |
| Airbnb (ABNB) | $34.7m | 0.3% | Unchanged | 0.3% |
| Lockheed Martin (LMT) | $33.2m | 0.3% | Unchanged | 0.3% |
| HCA Healthcare (HCA) | $32.9m | 0.3% | Added +2.3% | 0.3% |
| Sherwin Williams (SHW) | $32.4m | 0.3% | Unchanged | 0.3% |
| FactSet Research Systems (FDS) | $31.1m | 0.2% | Unchanged | 0.3% |
| Lamar Advertising (LAMR) | $30.1m | 0.2% | Unchanged | 0.2% |
| Verisk Analytics (VRSK) | $28.0m | 0.2% | Unchanged | 0.3% |
| CSX (CSX) | $27.8m | 0.2% | Added +10% | 0.2% |
| Applied Materials (AMAT) | $26.3m | 0.2% | Unchanged | 0.1% |
| Air Products & Chemicals (APD) | $25.9m | 0.2% | Added +17% | 0.2% |
| Comfort Systems USA (FIX) | $25.8m | 0.2% | Unchanged | 0.1% |
| Crown Holdings (CCK) | $24.6m | 0.2% | Unchanged | 0.2% |
| Renaissancere Holdings (RNR) | $22.2m | 0.2% | Unchanged | 0.2% |
| Enterprise Products Partners (EPD) | $20.9m | 0.2% | Added +182% | 0.1% |
| Philip Morris International (PM) | $20.7m | 0.2% | Unchanged | 0.2% |
| Accenture (ACN) | $19.8m | 0.1% | Unchanged | 0.3% |
| Comcast (CMCSA) | $19.7m | 0.1% | Trimmed -17% | 0.2% |
| Hexcel (HXL) | $18.9m | 0.1% | Unchanged | 0.1% |
| Nike (NKE) | $18.4m | 0.1% | Unchanged | 0.2% |
| Capital One Financial (COF) | $18.3m | 0.1% | Unchanged | 0.1% |
| BNY (BK) | $18.0m | 0.1% | Unchanged | 0.1% |
| Carrier Global (CARR) | $17.2m | 0.1% | Unchanged | 0.1% |
| Wells Fargo & Company (WFC) | $16.9m | 0.1% | Unchanged | 0.1% |
| Sei Investments (SEIC) | $15.2m | 0.1% | Unchanged | 0.1% |
| Paychex (PAYX) | $14.7m | 0.1% | Unchanged | 0.1% |
| Hershey (HSY) | $13.2m | 0.1% | Unchanged | 0.1% |
| Pepsico (PEP) | $13.0m | 0.1% | Unchanged | 0.1% |
| Spotify Technology (SPOT) | $11.9m | 0.1% | Unchanged | 0.1% |
| Shopify (SHOP) | $11.7m | 0.1% | Unchanged | 0.1% |
| Equifax (EFX) | $11.6m | 0.1% | Unchanged | 0.1% |
| CME Group (CME) | $11.0m | 0.1% | Unchanged | 0.1% |
| Cboe Global Markets (CBOE) | $10.6m | 0.1% | Unchanged | 0.1% |
| Uber Technologies (UBER) | $10.3m | 0.1% | Unchanged | 0.1% |
| Otis Worldwide (OTIS) | $9.6m | 0.1% | Added +17% | 0.1% |
| IQVIA Holdings (IQV) | $9.1m | 0.1% | Unchanged | 0.1% |
| Huntington Ingalls Industries (HII) | $7.7m | 0.1% | Unchanged | 0.1% |
| Exxon Mobil (EXMOC) | $7.7m | 0.1% | Added +19% | 0.1% |
| Insperity (NSP) | $7.5m | 0.1% | Unchanged | 0.0% |
| Carmax (KMX) | $7.2m | 0.1% | Unchanged | 0.1% |
| Sony Group (SONY) | $6.7m | 0.1% | Unchanged | 0.1% |
| Canadian National Railway (CNI) | $6.4m | 0.1% | Unchanged | 0.1% |
| Canadian Pacific Kansas City (CP) | $6.3m | 0.1% | Added +23% | 0.0% |
| Graham Holdings (GHC) | $5.9m | 0.1% | Unchanged | 0.1% |
| Eastman Chemical (EMN) | $5.0m | 0.0% | Unchanged | 0.1% |
| Zoetis (ZTS) | $4.8m | 0.0% | New | – |
| Brunswick (BC) | $4.3m | 0.0% | Unchanged | 0.0% |
| Wr Berkley (WRB) | $4.3m | 0.0% | Unchanged | 0.0% |
| MGM Resorts International (MGM) | $4.2m | 0.0% | Unchanged | 0.0% |
| Acuity Brands (AYI) | $3.7m | 0.0% | Unchanged | 0.0% |
| Intercontinental Exchange (ICE) | $3.6m | 0.0% | Unchanged | 0.0% |
| Eagle Materials (EXP) | $3.3m | 0.0% | Unchanged | 0.0% |
| Weyerhaeuser (WY) | $2.9m | 0.0% | Added +586% | 0.0% |
| Netflix (NFLX) | $2.9m | 0.0% | New | – |
| Sysco (SYY) | $2.5m | 0.0% | Unchanged | 0.0% |
| Dominos Pizza (DPZ) | $1.6m | 0.0% | Unchanged | 0.0% |
| Brown & Brown (BRO) | $898k | 0.0% | Unchanged | 0.0% |
| UFP Industries (UFPI) | $363k | 0.0% | New | – |
| Scotts Miracle-Gro (SMG) | – | – | Sold out | 0.1% |
| UnitedHealth Group (UNH) | – | – | Sold out | 0.0% |

Source: SEC filings, via moatshark (https://www.moatshark.com/m/markel-group). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.