Thomas Gayner - Markel Group Inc. 13F Activity & Position Changes (Q1 2026)

According to the SEC 13F filed on May 01, 2026, the Markel Group Inc. portfolio showed several notable changes in holdings as of quarter-end Mar 31, 2026. 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 2026, the filing reported:

New Buys - Enterprise Products Partners L., MercadoLibre, Inc., Sunbelt Rentals Holdings, Inc., Weyerhaeuser Company

Increases - Airbnb, Inc., Applied Materials, Inc., Aon Plc, Air Products and Chemicals, Inc, American Express Company, and 38 more

Reductions - S&P Global Inc., UnitedHealth Group Incorporated

Complete Exits - Choice Hotels International, In, Target Corporation, TransUnion

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

Showing 30 of 52 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2026	ABNB Airbnb, Inc.	Airbnb, Inc.	Buy	+2,100	+0.9%	$30.61M	242,389
Q1 2026	AMAT Applied Materials, Inc.	Applied Materials, Inc.	Buy	+2,250	+6.6%	$12.42M	36,350
Q1 2026	AON Aon Plc	Aon Plc	Buy	+1,750	+1.3%	$43.83M	135,800
Q1 2026	APD Air Products and Chemicals, Inc	Air Products and Chemicals, Inc	Buy	+4,000	+5.6%	$21.93M	75,500
Q1 2026	AXP American Express Company	American Express Company	Buy	+1,950	+0.4%	$148.35M	490,450
Q1 2026	BC Brunswick Corporation	Brunswick Corporation	Buy	+3,500	+7.3%	$3.73M	51,250
Q1 2026	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy	+3,000	+2.5%	$14.77M	124,500
Q1 2026	BRO Brown & Brown, Inc.	Brown & Brown, Inc.	Buy	+3,000	+27.3%	$912.94K	14,000
Q1 2026	CBOE Cboe Global Markets, Inc.	Cboe Global Markets, Inc.	Buy	+1,950	+4.7%	$12.28M	43,700
Q1 2026	CCK Crown Holdings, Inc.	Crown Holdings, Inc.	Buy	+8,000	+3.8%	$22.05M	220,000
Q1 2026	CHH Choice Hotels International, In	Choice Hotels International, In	Sell - Position Exit	-115,500	-100.0%	$0.00	-
Q1 2026	CME CME Group Inc.	CME Group Inc.	Buy	+4,000	+8.7%	$14.69M	49,750
Q1 2026	CNI Canadian National Railway Compa	Canadian National Railway Compa	Buy	+9,000	+20.2%	$5.50M	53,500
Q1 2026	CP Canadian Pacific Kansas City Li	Canadian Pacific Kansas City Li	Buy	+9,000	+17.8%	$4.68M	59,500
Q1 2026	CSX CSX Corporation	CSX Corporation	Buy	+90,000	+20.5%	$21.76M	530,000
Q1 2026	DEO Diageo plc	Diageo plc	Buy	+500	+0.0%	$102.16M	1,372,208
Q1 2026	EPD Enterprise Products Partners L.	Enterprise Products Partners L.	Buy - Position Entry	+202,000	-	$7.64M	202,000
Q1 2026	FDS FactSet Research Systems Inc.	FactSet Research Systems Inc.	Buy	+13,503	+11.1%	$29.38M	135,376
Q1 2026	FERG Ferguson Enterprises Inc.	Ferguson Enterprises Inc.	Buy	+7,200	+4.4%	$39.82M	170,700
Q1 2026	FNV Franco-Nevada Corporation	Franco-Nevada Corporation	Buy	+25,000	+3.7%	$175.03M	708,500
Q1 2026	HCA HCA Healthcare, Inc.	HCA Healthcare, Inc.	Buy	+1,750	+2.2%	$39.01M	82,430
Q1 2026	HII Huntington Ingalls Industries,	Huntington Ingalls Industries,	Buy	+2,000	+7.8%	$10.45M	27,500
Q1 2026	HSY The Hershey Company	The Hershey Company	Buy	+7,500	+11.1%	$15.59M	75,000
Q1 2026	ICE Intercontinental Exchange Inc.	Intercontinental Exchange Inc.	Buy	+8,000	+38.3%	$4.54M	28,870
Q1 2026	LAMR Lamar Advertising Company	Lamar Advertising Company	Buy	+8,000	+4.3%	$24.45M	193,000
Q1 2026	LIN Linde plc	Linde plc	Buy	+4,500	+2.2%	$101.43M	204,600
Q1 2026	LMT Lockheed Martin Corporation	Lockheed Martin Corporation	Buy	+700	+1.1%	$39.41M	65,213
Q1 2026	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Buy	+4,000	+0.5%	$174.49M	738,480
Q1 2026	MAR Marriott International	Marriott International	Buy	+4,000	+4.5%	$30.66M	93,750
Q1 2026	MELI MercadoLibre, Inc.	MercadoLibre, Inc.	Buy - Position Entry	+5,450	-	$9.42M	5,450