Thomas Gayner - Markel Group Inc. 13F Activity & Position Changes (Q2 2019)

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, 2019. 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 2019, the filing reported:

New Buys - Ball Corporation, The Bank of New York Mellon Cor, Anheuser-Busch Inbev SA Sponsor, The Goodyear Tire & Rubber Comp, Lennar Corporation, and 1 more

Increases - ACTIVISION BLIZZARD INC, Apple Inc., Analog Devices, Inc., Amazon.com, Inc., AutoNation, Inc., and 51 more

Reductions - Booking Holdings Inc. Common St, Meta Platforms, Inc., Charles Schwab Corporation (The

Complete Exits - Chipotle Mexican Grill, Inc., Verizon Communications 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 67 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q2 2019	4ATVI ACTIVISION BLIZZARD INC	ACTIVISION BLIZZARD INC	Buy	+14,000	+5.6%	$12.40M	262,800
Q2 2019	AAPL Apple Inc.	Apple Inc.	Buy	+19,750	+7.3%	$57.49M	290,485
Q2 2019	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy	+58,000	+7.7%	$91.74M	812,811
Q2 2019	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+1,470	+1.6%	$179.34M	94,707
Q2 2019	AN AutoNation, Inc.	AutoNation, Inc.	Buy	+9,900	+30.4%	$1.78M	42,460
Q2 2019	AXP American Express Company	American Express Company	Buy	+59,000	+15.1%	$55.67M	451,000
Q2 2019	BALL Ball Corporation	Ball Corporation	Buy - Position Entry	+3,000	-	$210.00K	3,000
Q2 2019	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Buy	+26,650	+0.5%	$275.42M	5,764,341
Q2 2019	BK The Bank of New York Mellon Cor	The Bank of New York Mellon Cor	Buy - Position Entry	+80,000	-	$3.53M	80,000
Q2 2019	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Sell	-50	-20.0%	$375.00K	200
Q2 2019	BLK BlackRock, Inc.	BlackRock, Inc.	Buy	+6,100	+3.0%	$99.87M	212,800
Q2 2019	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+1,870	+0.1%	$324.66M	1,522,987
Q2 2019	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Buy - Position Entry	+3,000	-	$266.00K	3,000
Q2 2019	BXCHF BLACKSTONE INC	BLACKSTONE INC	Buy	+34,000	+2.9%	$53.57M	1,206,000
Q2 2019	C Citigroup, Inc.	Citigroup, Inc.	Buy	+2,500	+18.4%	$1.12M	16,070
Q2 2019	CCK Crown Holdings, Inc.	Crown Holdings, Inc.	Buy	+26,000	+53.1%	$4.58M	75,000
Q2 2019	CHH Choice Hotels International, In	Choice Hotels International, In	Buy	+28,000	+19.8%	$14.75M	169,500
Q2 2019	CMCSA Comcast Corporation	Comcast Corporation	Buy	+72,000	+16.4%	$21.65M	512,000
Q2 2019	CMG Chipotle Mexican Grill, Inc.	Chipotle Mexican Grill, Inc.	Sell - Position Exit	-8,200	-100.0%	$0.00	-
Q2 2019	COST Costco Wholesale Corporation	Costco Wholesale Corporation	Buy	+150	+0.4%	$10.35M	39,150
Q2 2019	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Buy	+125,000	+71.8%	$16.97M	299,000
Q2 2019	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Buy	+1,900	+19.1%	$512.00K	11,857
Q2 2019	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+16,500	+0.9%	$254.56M	1,823,000
Q2 2019	DISCKEUR DISCOVERY INC-C	DISCOVERY INC-C	Buy	+5,000	+0.4%	$33.46M	1,176,000
Q2 2019	EA Electronic Arts Inc.	Electronic Arts Inc.	Buy	+7,000	+6.2%	$12.09M	119,400
Q2 2019	ECL Ecolab Inc.	Ecolab Inc.	Buy	+8,000	+2.9%	$56.03M	283,800
Q2 2019	EFX Equifax, Inc.	Equifax, Inc.	Buy	+23,000	+64.8%	$7.91M	58,500
Q2 2019	FDS FactSet Research Systems Inc.	FactSet Research Systems Inc.	Buy	+220	+0.2%	$33.30M	116,220
Q2 2019	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+5,084	+4.1%	$139.46M	129,023
Q2 2019	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Buy	+128,720	+76.2%	$60.89M	297,600