1y return+7.5%S&P 500 +20.9%
3y return+42.4%S&P 500 +68.5%
5y return+38.8%S&P 500 +74.5%
10y return+199.7%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $300 against $357 in the S&P 500.2
Markel Group Inc.S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| GOOGAlphabet Inc | $971.6M | 7.4% | |
| BRK/ABerkshire Hathaway Inc Del | $834.2M | 6.4% | |
| BRK/BBerkshire Hathaway Inc Del | $766.6M | 5.8% | |
| DEDeere & Co | $556.9M | 4.2% | |
| BNBrookfield Corp | $556.8M | 4.2% | |
| AMZNAmazon Com Inc | $484.0M | 3.7% | |
| ADIAnalog Devices Inc | $397.0M | 3.0% | −2.3% |
| GSGoldman Sachs Group Inc | $363.4M | 2.8% | |
| AAPLApple Inc | $355.1M | 2.7% | |
| CATCaterpillar Inc | $350.0M | 2.7% | |
| VVisa Inc | $347.9M | 2.6% | |
| HDHome Depot Inc | $325.3M | 2.5% | |
| WSOWatsco Inc | $249.1M | 1.9% | +2.7% |
| TXNTexas Instrs Inc | $215.8M | 1.6% | |
| BLKBlackrock Inc | $211.7M | 1.6% | |
| GOOGLAlphabet Inc | $204.4M | 1.6% | |
| MSFTMicrosoft Corp | $200.5M | 1.5% | |
| DISDisney Walt Co | $195.5M | 1.5% | |
| AXPAmerican Express Co | $165.9M | 1.3% | |
| LOWLowes Cos Inc | $165.8M | 1.3% | +1.8% |
| PGRProgressive Corp | $164.7M | 1.3% | |
| FNVFranco Nev Corp | $161.2M | 1.2% | +9.2% |
| LPLALpl Finl Hldgs Inc | $157.7M | 1.2% | |
| JNJJohnson & Johnson | $155.1M | 1.2% | |
| BXBlackstone Inc | $144.6M | 1.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CATCaterpillar Inc | June 30, 2020 | +741.8% | $350.0M |
| GSGoldman Sachs Group Inc | June 30, 2020 | +411.8% | $363.4M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $204.4M |
| GOOGAlphabet Inc | June 30, 2020 | +399.9% | $971.6M |
| DEDeere & Co | June 30, 2020 | +303.7% | $556.9M |
| AXPAmerican Express Co | June 30, 2020 | +255.3% | $165.9M |
| ADIAnalog Devices Inc | June 30, 2020 | +223.9% | $397.0M |
| HEI/AHeico Corp New | June 30, 2020 | +217.5% | $97.9M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $355.1M |
| KKRKkr & Co Inc | June 30, 2020 | +197.2% | $133.2M |
Sold off last quarter
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +9.4% | +14.8% |
| March 31, 2026 | −5.5% | −4.6% |
| December 31, 2025 | +0.1% | +2.4% |
| September 30, 2025 | +3.9% | +7.8% |
| June 30, 2025 | +4.8% | +10.5% |
| March 31, 2025 | −1.3% | −4.6% |
| December 31, 2024 | +1.4% | +2.1% |
| September 30, 2024 | +8.4% | +5.4% |
| June 30, 2024 | −1.1% | +4.0% |
| March 31, 2024 | +9.4% | +10.0% |
| December 31, 2023 | +10.6% | +11.2% |
| September 30, 2023 | −2.6% | −3.6% |
| June 30, 2023 | +5.8% | +8.3% |
| March 31, 2023 | +4.6% | +7.0% |
| December 31, 2022 | +6.1% | +7.1% |
| September 30, 2022 | −3.8% | −5.3% |
| June 30, 2022 | −17.8% | −16.5% |
| March 31, 2022 | −4.0% | −4.9% |
| December 31, 2021 | +9.4% | +10.7% |
| September 30, 2021 | −0.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Markel Group Inc. Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1096343&type=13F-HR&dateb=&owner=include&count=40CIK 1096343
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1096343/000109634326000065/Filed July 31, 2026 · accession 0001096343-26-000065