Thomas Gayner - Markel Group Inc. 13F Activity & Position Changes (Q2 2015)

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 Jun 30, 2015. 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 Q2 2015, the filing reported:

New Buys - Apple Inc., American Tower Corporation (REI, Darling Ingredients Inc., Harley-Davidson, Inc., JP Morgan Chase & Co., and 2 more

Increases - American Express Company, Brookfield Asset Management Inc, BlackRock, Inc., BLACKSTONE INC, CME Group Inc., and 36 more

Reductions - None reported

Complete Exits - Cisco Systems, Inc., LGI Homes, Inc., Microsoft Corporation

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
Q2 2015	AAPL Apple Inc.	Apple Inc.	Buy - Position Entry	+6,000	-	$753.00K	6,000
Q2 2015	AMT American Tower Corporation (REI	American Tower Corporation (REI	Buy - Position Entry	+8,000	-	$746.00K	8,000
Q2 2015	AXP American Express Company	American Express Company	Buy	+6,000	+1.7%	$28.52M	367,000
Q2 2015	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Buy	+1,681,273	+50.6%	$174.68M	5,000,821
Q2 2015	BLK BlackRock, Inc.	BlackRock, Inc.	Buy	+11,000	+8.5%	$48.44M	140,000
Q2 2015	BXCHF BLACKSTONE INC	BLACKSTONE INC	Buy	+22,000	+5.0%	$18.84M	461,000
Q2 2015	CME CME Group Inc.	CME Group Inc.	Buy	+13,000	+12.9%	$10.61M	114,000
Q2 2015	CPRT Copart, Inc.	Copart, Inc.	Buy	+55,000	+6.2%	$33.56M	946,000
Q2 2015	CRREUR CARBO CERAMICS INC	CARBO CERAMICS INC	Buy	+15,000	+7.5%	$8.95M	215,000
Q2 2015	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Sell - Position Exit	-23,000	-100.0%	$0.00	-
Q2 2015	CVS CVS Health Corporation	CVS Health Corporation	Buy	+2,000	+0.8%	$25.91M	247,000
Q2 2015	DAR Darling Ingredients Inc.	Darling Ingredients Inc.	Buy - Position Entry	+65,000	-	$953.00K	65,000
Q2 2015	DE Deere & Company	Deere & Company	Buy	+79,000	+8.7%	$95.59M	985,000
Q2 2015	DEO Diageo plc	Diageo plc	Buy	+3,000	+0.2%	$145.17M	1,251,000
Q2 2015	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+11,000	+0.7%	$177.20M	1,552,500
Q2 2015	DISCKEUR DISCOVERY INC-C	DISCOVERY INC-C	Buy	+141,000	+156.7%	$7.18M	231,000
Q2 2015	DNOW DNOW Inc.	DNOW Inc.	Buy	+25,000	+26.7%	$2.36M	118,500
Q2 2015	ECL Ecolab Inc.	Ecolab Inc.	Buy	+11,000	+8.7%	$15.49M	137,000
Q2 2015	FDS FactSet Research Systems Inc.	FactSet Research Systems Inc.	Buy	+11,000	+7.8%	$24.70M	152,000
Q2 2015	HAL Halliburton Company	Halliburton Company	Buy	+64,000	+41.3%	$9.43M	219,000
Q2 2015	HAS Hasbro, Inc.	Hasbro, Inc.	Buy	+6,000	+1.7%	$27.22M	364,000
Q2 2015	HOG Harley-Davidson, Inc.	Harley-Davidson, Inc.	Buy - Position Entry	+45,000	-	$2.54M	45,000
Q2 2015	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy - Position Entry	+85,000	-	$5.76M	85,000
Q2 2015	KKR KKR & Co. Inc.	KKR & Co. Inc.	Buy	+30,000	+6.4%	$11.38M	498,000
Q2 2015	LGIH LGI Homes, Inc.	LGI Homes, Inc.	Sell - Position Exit	-17,000	-100.0%	$0.00	-
Q2 2015	MA Mastercard Incorporated	Mastercard Incorporated	Buy	+11,000	+10.4%	$10.94M	117,000
Q2 2015	MAR Marriott International	Marriott International	Buy	+15,000	+1.1%	$102.95M	1,383,869
Q2 2015	MAT Mattel, Inc.	Mattel, Inc.	Buy	+71,000	+16.8%	$12.66M	493,000
Q2 2015	MCO Moody's Corporation	Moody's Corporation	Buy	+11,000	+4.1%	$30.01M	278,000
Q2 2015	MMC Marsh & McLennan Companies, Inc	Marsh & McLennan Companies, Inc	Buy	+55,000	+13.7%	$25.86M	456,000