Thomas Gayner - Markel Group Inc. 13F Activity & Position Changes (Q1 2019)

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, 2019. 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 2019, the filing reported:

New Buys - Synchrony Financial

Increases - ACTIVISION BLIZZARD INC, Apple Inc., Analog Devices, Inc., Amazon.com, Inc., AutoNation, Inc., and 44 more

Reductions - Deere & Company

Complete Exits - None reported

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

Showing 30 of 51 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2019	4ATVI ACTIVISION BLIZZARD INC	ACTIVISION BLIZZARD INC	Buy	+71,000	+39.9%	$11.33M	248,800
Q1 2019	AAPL Apple Inc.	Apple Inc.	Buy	+114,450	+73.2%	$51.43M	270,735
Q1 2019	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy	+55,000	+7.9%	$79.46M	754,811
Q1 2019	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+3,492	+3.9%	$166.03M	93,237
Q1 2019	AN AutoNation, Inc.	AutoNation, Inc.	Buy	+2,600	+8.7%	$1.16M	32,560
Q1 2019	AXP American Express Company	American Express Company	Buy	+6,000	+1.6%	$42.85M	392,000
Q1 2019	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Buy	+63,550	+1.1%	$267.66M	5,737,691
Q1 2019	BLK BlackRock, Inc.	BlackRock, Inc.	Buy	+11,000	+5.6%	$88.34M	206,700
Q1 2019	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+2,370	+0.2%	$305.58M	1,521,117
Q1 2019	BXCHF BLACKSTONE INC	BLACKSTONE INC	Buy	+56,000	+5.0%	$40.98M	1,172,000
Q1 2019	CCK Crown Holdings, Inc.	Crown Holdings, Inc.	Buy	+34,000	+226.7%	$2.67M	49,000
Q1 2019	CHH Choice Hotels International, In	Choice Hotels International, In	Buy	+24,000	+20.4%	$11.00M	141,500
Q1 2019	CMCSA Comcast Corporation	Comcast Corporation	Buy	+41,000	+10.3%	$17.59M	440,000
Q1 2019	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Buy	+120,000	+222.2%	$8.99M	174,000
Q1 2019	DE Deere & Company	Deere & Company	Sell	-89,500	-8.2%	$160.78M	1,005,900
Q1 2019	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Buy	+900	+9.9%	$412.00K	9,957
Q1 2019	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+6,000	+0.3%	$200.58M	1,806,500
Q1 2019	EA Electronic Arts Inc.	Electronic Arts Inc.	Buy	+7,000	+6.6%	$11.42M	112,400
Q1 2019	ECL Ecolab Inc.	Ecolab Inc.	Buy	+6,000	+2.2%	$48.69M	275,800
Q1 2019	EFX Equifax, Inc.	Equifax, Inc.	Buy	+33,000	+1320.0%	$4.21M	35,500
Q1 2019	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+8,750	+7.6%	$145.42M	123,939
Q1 2019	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Buy	+42,960	+34.1%	$32.42M	168,880
Q1 2019	HCSG Healthcare Services Group, Inc.	Healthcare Services Group, Inc.	Buy	+50,500	+34.6%	$6.48M	196,500
Q1 2019	HEI-A Heico Corporation	Heico Corporation	Buy	+12,000	+4.1%	$25.57M	304,145
Q1 2019	HXL Hexcel Corporation	Hexcel Corporation	Buy	+12,000	+9.0%	$10.10M	146,000
Q1 2019	IFF International Flavors & Fragran	International Flavors & Fragran	Buy	+3,000	+4.7%	$8.56M	66,500
Q1 2019	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy	+3,150	+1.7%	$18.84M	186,150
Q1 2019	KKR KKR & Co. Inc.	KKR & Co. Inc.	Buy	+57,500	+4.6%	$30.50M	1,298,500
Q1 2019	LUV Southwest Airlines Company	Southwest Airlines Company	Buy	+120,000	+131.9%	$10.95M	211,000
Q1 2019	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+6,000	+3.3%	$44.29M	188,100