Thomas Gayner - Markel Group Inc. 13F Activity & Position Changes (Q1 2018)

According to the SEC 13F filed on Jul 31, 2026, the Markel Group Inc. portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2018. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2018, the filing reported:

New Buys - Booking Holdings Inc. Common St, Chipotle Mexican Grill, Inc., Capital One Financial Corporati, Liberty Latin America Ltd, Mattel, Inc., and 3 more

Increases - Apple Inc., Analog Devices, Inc., Amazon.com, Inc., Brookfield Asset Management Inc, Brown Forman Inc, and 32 more

Reductions - FactSet Research Systems Inc., Moody's Corporation

Complete Exits - PACCAR Inc., Patterson Companies, Inc., V.F. Corporation

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Showing 30 of 50 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2018	AAPL Apple Inc.	Apple Inc.	Buy	+27,335	+24.2%	$23.56M	140,435
Q1 2018	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy	+50,000	+9.3%	$53.57M	587,811
Q1 2018	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+4,720	+5.9%	$122.62M	84,720
Q1 2018	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Buy	+109,300	+2.0%	$216.26M	5,545,121
Q1 2018	BF-B Brown Forman Inc	Brown Forman Inc	Buy	+263,437	+125.0%	$25.80M	474,187
Q1 2018	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy - Position Entry	+210	-	$437.00K	210
Q1 2018	BLK BlackRock, Inc.	BlackRock, Inc.	Buy	+7,600	+4.2%	$101.63M	187,600
Q1 2018	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Buy	+6	+0.6%	$327.21M	1,094
Q1 2018	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+1,095	+0.1%	$301.75M	1,512,702
Q1 2018	BXCHF BLACKSTONE INC	BLACKSTONE INC	Buy	+140,000	+16.5%	$31.63M	990,000
Q1 2018	CHH Choice Hotels International, In	Choice Hotels International, In	Buy	+38,500	+85.6%	$6.69M	83,500
Q1 2018	CMG Chipotle Mexican Grill, Inc.	Chipotle Mexican Grill, Inc.	Buy - Position Entry	+17,500	-	$5.65M	17,500
Q1 2018	COF Capital One Financial Corporati	Capital One Financial Corporati	Buy - Position Entry	+75,000	-	$7.19M	75,000
Q1 2018	CVS CVS Health Corporation	CVS Health Corporation	Buy	+8,000	+3.0%	$17.11M	275,000
Q1 2018	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+43,500	+2.6%	$175.04M	1,742,700
Q1 2018	DISCKEUR DISCOVERY INC-C	DISCOVERY INC-C	Buy	+65,000	+6.3%	$21.34M	1,093,000
Q1 2018	ECL Ecolab Inc.	Ecolab Inc.	Buy	+19,500	+8.5%	$34.03M	248,300
Q1 2018	FDS FactSet Research Systems Inc.	FactSet Research Systems Inc.	Sell	-48,000	-29.3%	$23.13M	116,000
Q1 2018	FWONAUSD LIBERTY MEDIA CORP-LIBERTY-A	LIBERTY MEDIA CORP-LIBERTY-A	Buy	+29,000	+18.4%	$5.46M	186,500
Q1 2018	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+6,643	+6.8%	$106.97M	103,674
Q1 2018	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Buy	+26,840	+68.6%	$16.61M	65,940
Q1 2018	GT The Goodyear Tire & Rubber Comp	The Goodyear Tire & Rubber Comp	Buy	+115,000	+575.0%	$3.59M	135,000
Q1 2018	HEI Heico Corporation	Heico Corporation	Buy	+937	+25.0%	$407.00K	4,687
Q1 2018	HEI-A Heico Corporation	Heico Corporation	Buy	+57,343	+41.4%	$13.89M	195,718
Q1 2018	HXL Hexcel Corporation	Hexcel Corporation	Buy	+20,500	+23.8%	$6.88M	106,500
Q1 2018	IFF International Flavors & Fragran	International Flavors & Fragran	Buy	+2,000	+25.0%	$1.37M	10,000
Q1 2018	KKR KKR & Co. Inc.	KKR & Co. Inc.	Buy	+165,000	+17.1%	$22.98M	1,132,000
Q1 2018	LILA Liberty Latin America Ltd	Liberty Latin America Ltd	Buy - Position Entry	+14,720	-	$286.00K	14,720
Q1 2018	LYV Live Nation Entertainment, Inc.	Live Nation Entertainment, Inc.	Buy	+46,000	+11.0%	$19.54M	463,700
Q1 2018	MAT Mattel, Inc.	Mattel, Inc.	Buy - Position Entry	+99,000	-	$1.30M	99,000