Thomas Gayner - Markel Group Inc. 13F Activity & Position Changes (Q1 2021)

According to the SEC 13F filed on Apr 30, 2021, the Markel Group Inc. portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2021. 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 2021, the filing reported:

New Buys - Celanese Corporation, Intercontinental Exchange Inc., Lockheed Martin Corporation, Regeneron Pharmaceuticals, Inc.

Increases - American Tower Corporation (REI, Aon Plc, American Express Company, Brookfield Asset Management Inc, The Bank of New York Mellon Cor, and 25 more

Reductions - Archer-Daniels-Midland Company, Microchip Technology Incorporat, O-I Glass, Inc.

Complete Exits - Guidewire Software, Inc.

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

Showing 30 of 38 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2021	ADM Archer-Daniels-Midland Company	Archer-Daniels-Midland Company	Sell	-15,000	-1.0%	$83.41M	1,463,300
Q1 2021	AMT American Tower Corporation (REI	American Tower Corporation (REI	Buy	+580	+1.1%	$12.37M	51,730
Q1 2021	AON Aon Plc	Aon Plc	Buy	+4,500	+12.2%	$9.55M	41,500
Q1 2021	AXP American Express Company	American Express Company	Buy	+200	+0.0%	$68.48M	484,150
Q1 2021	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Buy	+2,380	+0.0%	$387.55M	8,708,941
Q1 2021	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+1,000	+0.3%	$16.92M	357,750
Q1 2021	CE Celanese Corporation	Celanese Corporation	Buy - Position Entry	+2,400	-	$360.00K	2,400
Q1 2021	CMCSA Comcast Corporation	Comcast Corporation	Buy	+3,740	+0.7%	$28.45M	525,740
Q1 2021	DEO Diageo plc	Diageo plc	Buy	+100	+0.0%	$221.72M	1,350,208
Q1 2021	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+360	+0.0%	$343.94M	1,863,945
Q1 2021	EFX Equifax, Inc.	Equifax, Inc.	Buy	+8,100	+7.1%	$22.12M	122,100
Q1 2021	EMN Eastman Chemical Company	Eastman Chemical Company	Buy	+3,000	+50.0%	$991.00K	9,000
Q1 2021	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Buy	+160	+0.0%	$112.38M	343,660
Q1 2021	GWRE Guidewire Software, Inc.	Guidewire Software, Inc.	Sell - Position Exit	-13,000	-100.0%	$0.00	-
Q1 2021	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Buy - Position Entry	+2,320	-	$259.00K	2,320
Q1 2021	IFF International Flavors & Fragran	International Flavors & Fragran	Buy	+10,000	+6.8%	$21.78M	156,000
Q1 2021	KKR KKR & Co. Inc.	KKR & Co. Inc.	Buy	+13,000	+0.9%	$68.36M	1,399,400
Q1 2021	LMT Lockheed Martin Corporation	Lockheed Martin Corporation	Buy - Position Entry	+1,293	-	$478.00K	1,293
Q1 2021	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Buy	+180	+0.0%	$111.95M	588,680
Q1 2021	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+40	+0.0%	$73.86M	207,440
Q1 2021	MCHP Microchip Technology Incorporat	Microchip Technology Incorporat	Sell	-107,000	-65.6%	$8.69M	56,000
Q1 2021	MCO Moody's Corporation	Moody's Corporation	Buy	+140	+0.1%	$63.08M	211,240
Q1 2021	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+1,323	+0.9%	$43.19M	146,643
Q1 2021	MMM 3M Company	3M Company	Buy	+3,900	+1.7%	$45.88M	238,100
Q1 2021	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+580	+0.1%	$113.00M	479,300
Q1 2021	NVR NVR, Inc.	NVR, Inc.	Buy	+10	+0.1%	$44.90M	9,531
Q1 2021	OI O-I Glass, Inc.	O-I Glass, Inc.	Sell	-354,000	-74.7%	$1.77M	120,000
Q1 2021	OTIS Otis Worldwide Corporation	Otis Worldwide Corporation	Buy	+800	+0.7%	$7.79M	113,860
Q1 2021	PGR Progressive Corporation (The)	Progressive Corporation (The)	Buy	+15,600	+2.3%	$66.17M	692,100
Q1 2021	REGN Regeneron Pharmaceuticals, Inc.	Regeneron Pharmaceuticals, Inc.	Buy - Position Entry	+45,500	-	$21.53M	45,500