Thomas Gayner - Markel Group Inc. 13F Activity & Position Changes (Q1 2025)

According to the SEC 13F filed on May 02, 2025, the Markel Group Inc. portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2025. 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 2025, the filing reported:

New Buys - Cboe Global Markets, Inc., Eagle Materials Inc, Sysco Corporation

Increases - Airbnb, Inc., Archer-Daniels-Midland Company, Aon Plc, Air Products and Chemicals, Inc, Acuity Brands, Inc., and 36 more

Reductions - Cable One, Inc.

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 45 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2025	ABNB Airbnb, Inc.	Airbnb, Inc.	Buy	+68,510	+59.4%	$21.96M	183,820
Q1 2025	ADM Archer-Daniels-Midland Company	Archer-Daniels-Midland Company	Buy	+77,000	+5.2%	$74.48M	1,551,300
Q1 2025	AON Aon Plc	Aon Plc	Buy	+3,250	+2.6%	$51.66M	129,450
Q1 2025	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Buy	+500	+0.8%	$19.17M	65,000
Q1 2025	AYI Acuity Brands, Inc.	Acuity Brands, Inc.	Buy	+6,750	+225.0%	$2.57M	9,750
Q1 2025	BC Brunswick Corporation	Brunswick Corporation	Buy	+14,500	+96.7%	$1.59M	29,500
Q1 2025	CABO Cable One, Inc.	Cable One, Inc.	Sell	-39,000	-76.6%	$3.16M	11,900
Q1 2025	CAT Caterpillar, Inc.	Caterpillar, Inc.	Buy	+3,250	+1.0%	$108.19M	328,050
Q1 2025	CBOE Cboe Global Markets, Inc.	Cboe Global Markets, Inc.	Buy - Position Entry	+6,000	-	$1.36M	6,000
Q1 2025	CME CME Group Inc.	CME Group Inc.	Buy	+6,500	+216.7%	$2.52M	9,500
Q1 2025	DE Deere & Company	Deere & Company	Buy	+2,750	+0.3%	$411.95M	877,700
Q1 2025	DG Dollar General Corporation	Dollar General Corporation	Buy	+33,500	+4.0%	$76.43M	869,250
Q1 2025	EXP Eagle Materials Inc	Eagle Materials Inc	Buy - Position Entry	+3,500	-	$776.75K	3,500
Q1 2025	FDX FedEx Corporation	FedEx Corporation	Buy	+6,500	+3.1%	$51.93M	213,000
Q1 2025	FERG Ferguson Enterprises Inc.	Ferguson Enterprises Inc.	Buy	+17,000	+16.0%	$19.71M	123,000
Q1 2025	FNV Franco-Nevada Corporation	Franco-Nevada Corporation	Buy	+42,000	+8.7%	$82.76M	525,250
Q1 2025	GOOGL Alphabet Inc.	Alphabet Inc.	Buy	+2,000	+0.4%	$86.13M	557,000
Q1 2025	GPK Graphic Packaging Holding Compa	Graphic Packaging Holding Compa	Buy	+34,000	+8.0%	$11.97M	461,225
Q1 2025	HCA HCA Healthcare, Inc.	HCA Healthcare, Inc.	Buy	+5,421	+9.6%	$21.42M	62,001
Q1 2025	HII Huntington Ingalls Industries,	Huntington Ingalls Industries,	Buy	+14,000	+350.0%	$3.67M	18,000
Q1 2025	HSY The Hershey Company	The Hershey Company	Buy	+9,500	+21.1%	$9.32M	54,500
Q1 2025	LAMR Lamar Advertising Company	Lamar Advertising Company	Buy	+13,000	+10.5%	$15.59M	137,000
Q1 2025	LIN Linde plc	Linde plc	Buy	+13,000	+7.7%	$84.28M	181,000
Q1 2025	LMT Lockheed Martin Corporation	Lockheed Martin Corporation	Buy	+5,100	+9.0%	$27.46M	61,463
Q1 2025	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Buy	+6,750	+1.0%	$165.18M	708,230
Q1 2025	LPLA LPL Financial Holdings Inc.	LPL Financial Holdings Inc.	Buy	+6,700	+1.3%	$176.36M	539,104
Q1 2025	MAR Marriott International	Marriott International	Buy	+5,000	+10.6%	$12.39M	52,000
Q1 2025	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+1,700	+0.6%	$161.43M	280,081
Q1 2025	MGM MGM Resorts International	MGM Resorts International	Buy	+45,500	+113.8%	$2.53M	85,500
Q1 2025	MMC Marsh & McLennan Companies, Inc	Marsh & McLennan Companies, Inc	Buy	+8,000	+1.1%	$181.44M	743,500