Thomas Gayner - Markel Group Inc. 13F Activity & Position Changes (Q3 2014)

According to the SEC 13F filed on Oct 30, 2026, the Markel Group Inc. portfolio showed several notable changes in holdings as of quarter-end Sep 30, 2014. 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 Q3 2014, the filing reported:

New Buys - Deere & Company

Increases - Accenture plc, Automatic Data Processing, Inc., Brookfield Asset Management Inc, BlackRock, Inc., Anheuser-Busch Inbev SA Sponsor, and 24 more

Reductions - Teva Pharmaceutical Industries

Complete Exits - Northern Trust Corporation, Universal Technical Institute I

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

Showing 30 of 33 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2014	ACN Accenture plc	Accenture plc	Buy	+12,000	+10.3%	$10.41M	128,000
Q3 2014	ADP Automatic Data Processing, Inc.	Automatic Data Processing, Inc.	Buy	+3,000	+0.6%	$44.09M	530,700
Q3 2014	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Buy	+22,000	+0.7%	$147.76M	3,286,548
Q3 2014	BLK BlackRock, Inc.	BlackRock, Inc.	Buy	+14,000	+15.7%	$33.82M	103,000
Q3 2014	BUD Anheuser-Busch Inbev SA Sponsor	Anheuser-Busch Inbev SA Sponsor	Buy	+10,000	+2.4%	$47.11M	425,000
Q3 2014	BXCHF BLACKSTONE INC	BLACKSTONE INC	Buy	+33,000	+9.3%	$12.15M	386,000
Q3 2014	CME CME Group Inc.	CME Group Inc.	Buy	+21,000	+87.5%	$3.60M	45,000
Q3 2014	CPRT Copart, Inc.	Copart, Inc.	Buy	+83,000	+13.2%	$22.33M	713,000
Q3 2014	CVS CVS Health Corporation	CVS Health Corporation	Buy	+21,000	+10.7%	$17.35M	218,000
Q3 2014	DE Deere & Company	Deere & Company	Buy - Position Entry	+540,000	-	$44.27M	540,000
Q3 2014	DEO Diageo plc	Diageo plc	Buy	+14,000	+1.2%	$141.94M	1,230,000
Q3 2014	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+15,000	+1.0%	$134.84M	1,514,500
Q3 2014	ECL Ecolab Inc.	Ecolab Inc.	Buy	+13,000	+14.8%	$11.60M	101,000
Q3 2014	FDS FactSet Research Systems Inc.	FactSet Research Systems Inc.	Buy	+13,000	+12.6%	$14.10M	116,000
Q3 2014	HAS Hasbro, Inc.	Hasbro, Inc.	Buy	+37,000	+15.2%	$15.45M	281,000
Q3 2014	KKR KKR & Co. Inc.	KKR & Co. Inc.	Buy	+41,000	+11.5%	$8.90M	399,000
Q3 2014	MAR Marriott International	Marriott International	Buy	+25,000	+1.9%	$93.03M	1,330,869
Q3 2014	MAT Mattel, Inc.	Mattel, Inc.	Buy	+35,000	+13.9%	$8.77M	286,000
Q3 2014	MCO Moody's Corporation	Moody's Corporation	Buy	+15,000	+6.6%	$22.87M	242,000
Q3 2014	MMC Marsh & McLennan Companies, Inc	Marsh & McLennan Companies, Inc	Buy	+90,000	+63.8%	$12.09M	231,000
Q3 2014	MSCI MSCI Inc.	MSCI Inc.	Buy	+28,000	+48.3%	$4.04M	86,000
Q3 2014	NKE Nike, Inc.	Nike, Inc.	Buy	+12,000	+9.2%	$12.76M	143,000
Q3 2014	NOVEUR NATIONAL OILWELL VARCO INC	NATIONAL OILWELL VARCO INC	Buy	+31,000	+7.9%	$32.27M	424,000
Q3 2014	NTRS Northern Trust Corporation	Northern Trust Corporation	Sell - Position Exit	-140,000	-100.0%	$0.00	-
Q3 2014	SLB Schlumberger N.V.	Schlumberger N.V.	Buy	+17,000	+5.5%	$33.25M	327,000
Q3 2014	TEVA Teva Pharmaceutical Industries	Teva Pharmaceutical Industries	Sell	-250,000	-36.0%	$23.86M	444,000
Q3 2014	TRV The Travelers Companies, Inc.	The Travelers Companies, Inc.	Buy	+44,000	+25.9%	$20.10M	214,000
Q3 2014	UL Unilever PLC	Unilever PLC	Buy	+285,000	+31.2%	$50.15M	1,197,000
Q3 2014	UNH UnitedHealth Group Incorporated	UnitedHealth Group Incorporated	Buy	+17,000	+2.7%	$55.55M	644,000
Q3 2014	UPBD Upbound Group, Inc.	Upbound Group, Inc.	Buy	+64,000	+58.2%	$5.28M	174,000