Thomas Gayner - Markel Group Inc. 13F Activity & Position Changes (Q1 2023)

According to the SEC 13F filed on Apr 28, 2023, the Markel Group Inc. portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2023. 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 2023, the filing reported:

New Buys - IQVIA Holdings, Inc., Linde plc, Skyward Specialty Insurance Gro

Increases - ACTIVISION BLIZZARD INC, Analog Devices, Inc., Amazon.com, Inc., Aon Plc, Cracker Barrel Old Country Stor, and 34 more

Reductions - ESAB Corporation, Healthcare Services Group, Inc.

Complete Exits - Axalta Coating Systems Ltd., Enovis Corporation, Netflix, Inc., Regeneron Pharmaceuticals, 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 48 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2023	4ATVI ACTIVISION BLIZZARD INC	ACTIVISION BLIZZARD INC	Buy	+30,000	+4.8%	$55.68M	650,600
Q1 2023	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy	+7,000	+0.6%	$220.11M	1,116,071
Q1 2023	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+11,500	+0.6%	$207.55M	2,009,360
Q1 2023	AON Aon Plc	Aon Plc	Buy	+6,500	+8.1%	$27.29M	86,550
Q1 2023	AXTA Axalta Coating Systems Ltd.	Axalta Coating Systems Ltd.	Sell - Position Exit	-28,442	-100.0%	$0.00	-
Q1 2023	CBRL Cracker Barrel Old Country Stor	Cracker Barrel Old Country Stor	Buy	+13,000	+13.4%	$12.50M	110,000
Q1 2023	CCK Crown Holdings, Inc.	Crown Holdings, Inc.	Buy	+10,000	+5.6%	$15.55M	188,000
Q1 2023	CE Celanese Corporation	Celanese Corporation	Buy	+17,000	+37.1%	$6.84M	62,800
Q1 2023	CMCSA Comcast Corporation	Comcast Corporation	Buy	+75,144	+8.1%	$38.13M	1,005,716
Q1 2023	COF Capital One Financial Corporati	Capital One Financial Corporati	Buy	+38,500	+513.3%	$4.42M	46,000
Q1 2023	DG Dollar General Corporation	Dollar General Corporation	Buy	+94,000	+50.7%	$58.77M	279,250
Q1 2023	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+13,000	+0.6%	$202.13M	2,018,665
Q1 2023	DNB Dun & Bradstreet Holdings, Inc.	Dun & Bradstreet Holdings, Inc.	Buy	+15,000	+23.1%	$939.20K	80,000
Q1 2023	EA Electronic Arts Inc.	Electronic Arts Inc.	Buy	+20,000	+32.9%	$9.73M	80,800
Q1 2023	EMN Eastman Chemical Company	Eastman Chemical Company	Buy	+17,500	+53.9%	$4.21M	49,950
Q1 2023	ENOV Enovis Corporation	Enovis Corporation	Sell - Position Exit	-178,356	-100.0%	$0.00	-
Q1 2023	ESAB ESAB Corporation	ESAB Corporation	Sell	-30,001	-7.9%	$20.58M	348,356
Q1 2023	FDX FedEx Corporation	FedEx Corporation	Buy	+13,000	+12.1%	$27.42M	120,000
Q1 2023	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+160,000	+42.9%	$55.29M	533,000
Q1 2023	HCSG Healthcare Services Group, Inc.	Healthcare Services Group, Inc.	Sell	-692,500	-57.7%	$7.05M	508,000
Q1 2023	HEI-A Heico Corporation	Heico Corporation	Buy	+16,000	+4.5%	$50.37M	370,644
Q1 2023	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Buy	+15,412	+87.2%	$3.45M	33,077
Q1 2023	IQV IQVIA Holdings, Inc.	IQVIA Holdings, Inc.	Buy - Position Entry	+14,659	-	$2.92M	14,659
Q1 2023	KMX CarMax Inc	CarMax Inc	Buy	+21,000	+60.0%	$3.60M	56,000
Q1 2023	LIN Linde plc	Linde plc	Buy - Position Entry	+104,900	-	$37.29M	104,900
Q1 2023	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Buy	+13,000	+2.1%	$123.88M	619,480
Q1 2023	LPLA LPL Financial Holdings Inc.	LPL Financial Holdings Inc.	Buy	+16,989	+633.7%	$3.98M	19,670
Q1 2023	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+14,264	+6.3%	$51.35M	242,281
Q1 2023	MMC Marsh & McLennan Companies, Inc	Marsh & McLennan Companies, Inc	Buy	+10,000	+1.6%	$108.34M	650,500
Q1 2023	MMM 3M Company	3M Company	Buy	+6,000	+2.1%	$30.88M	293,750