Thomas Gayner - Markel Group Inc. 13F Activity & Position Changes (Q2 2017)

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, 2017. 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 2017, the filing reported:

New Buys - Choice Hotels International, In, Hormel Foods Corporation, Under Armour, Inc., W.R. Berkley Corporation

Increases - Apple Inc., Analog Devices, Inc., Albemarle Corporation, American Tower Corporation (REI, Amazon.com, Inc., and 41 more

Reductions - Schlumberger N.V.

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 51 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q2 2017	AAPL Apple Inc.	Apple Inc.	Buy	+13,000	+14.4%	$14.85M	103,100
Q2 2017	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy	+15,000	+3.0%	$40.13M	515,811
Q2 2017	ALB Albemarle Corporation	Albemarle Corporation	Buy	+43,000	+286.7%	$6.12M	58,000
Q2 2017	AMT American Tower Corporation (REI	American Tower Corporation (REI	Buy	+6,000	+20.3%	$4.70M	35,500
Q2 2017	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+11,000	+18.6%	$67.76M	70,000
Q2 2017	BA Boeing Company (The)	Boeing Company (The)	Buy	+14,000	+20.2%	$16.49M	83,400
Q2 2017	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Buy	+106,000	+2.0%	$210.20M	5,360,821
Q2 2017	BLK BlackRock, Inc.	BlackRock, Inc.	Buy	+6,500	+3.9%	$73.92M	175,000
Q2 2017	BXCHF BLACKSTONE INC	BLACKSTONE INC	Buy	+165,000	+27.7%	$25.35M	760,000
Q2 2017	CHH Choice Hotels International, In	Choice Hotels International, In	Buy - Position Entry	+27,000	-	$1.74M	27,000
Q2 2017	CMCSA Comcast Corporation	Comcast Corporation	Buy	+2,000	+1.0%	$8.21M	211,000
Q2 2017	CVS CVS Health Corporation	CVS Health Corporation	Buy	+3,000	+1.1%	$21.48M	267,000
Q2 2017	DEO Diageo plc	Diageo plc	Buy	+13,000	+1.0%	$161.51M	1,347,800
Q2 2017	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+24,000	+1.4%	$179.26M	1,687,200
Q2 2017	DISCKEUR DISCOVERY INC-C	DISCOVERY INC-C	Buy	+34,000	+3.7%	$24.33M	965,000
Q2 2017	DLTR Dollar Tree, Inc.	Dollar Tree, Inc.	Buy	+16,000	+34.8%	$4.33M	62,000
Q2 2017	ECL Ecolab Inc.	Ecolab Inc.	Buy	+13,000	+6.3%	$29.05M	218,800
Q2 2017	FLS Flowserve Corporation	Flowserve Corporation	Buy	+13,000	+29.5%	$2.65M	57,000
Q2 2017	FWONAUSD LIBERTY MEDIA CORP-LIBERTY-A	LIBERTY MEDIA CORP-LIBERTY-A	Buy	+8,000	+6.6%	$4.54M	129,500
Q2 2017	FWONK Liberty Media Corp Formula One Group	Liberty Media Corp Formula One Group	Buy	+16,000	+6.6%	$9.50M	259,500
Q2 2017	GILD Gilead Sciences, Inc.	Gilead Sciences, Inc.	Buy	+6,000	+22.2%	$2.34M	33,000
Q2 2017	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+13,000	+17.6%	$79.09M	87,031
Q2 2017	HEI Heico Corporation	Heico Corporation	Buy	+750	+25.0%	$269.00K	3,750
Q2 2017	HEI-A Heico Corporation	Heico Corporation	Buy	+51,875	+73.6%	$7.59M	122,375
Q2 2017	HRL Hormel Foods Corporation	Hormel Foods Corporation	Buy - Position Entry	+7,000	-	$239.00K	7,000
Q2 2017	HXL Hexcel Corporation	Hexcel Corporation	Buy	+32,000	+97.0%	$3.43M	65,000
Q2 2017	IBM International Business Machines	International Business Machines	Buy	+6,000	+61.9%	$2.42M	15,700
Q2 2017	KKR KKR & Co. Inc.	KKR & Co. Inc.	Buy	+185,000	+27.7%	$15.85M	852,000
Q2 2017	LBRDA Liberty Broadband Corporation	Liberty Broadband Corporation	Buy	+24,000	+15.1%	$15.72M	183,250
Q2 2017	LOW Lowe's Companies, Inc.	Lowe's Companies, Inc.	Buy	+7,000	+1.2%	$44.19M	570,000