Thomas Gayner - Markel Group Inc. 13F Activity & Position Changes (Q3 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 Sep 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 Q3 2015, the filing reported:

New Buys - Baxter International Inc., Becton, Dickinson and Company, Cable One, Inc., Cummins Inc., Capital One Financial Corporati, and 4 more

Increases - Apple Inc., American Tower Corporation (REI, American Express Company, Brookfield Asset Management Inc, BlackRock, Inc., and 39 more

Reductions - Federated Hermes, Inc.

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 54 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2015	AAPL Apple Inc.	Apple Inc.	Buy	+12,000	+200.0%	$1.99M	18,000
Q3 2015	AMT American Tower Corporation (REI	American Tower Corporation (REI	Buy	+12,000	+150.0%	$1.76M	20,000
Q3 2015	AXP American Express Company	American Express Company	Buy	+19,000	+5.2%	$28.61M	386,000
Q3 2015	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Buy	+18,000	+0.4%	$157.79M	5,018,821
Q3 2015	BAX Baxter International Inc.	Baxter International Inc.	Buy - Position Entry	+10,000	-	$328.00K	10,000
Q3 2015	BDX Becton, Dickinson and Company	Becton, Dickinson and Company	Buy - Position Entry	+4,000	-	$531.00K	4,000
Q3 2015	BLK BlackRock, Inc.	BlackRock, Inc.	Buy	+12,000	+8.6%	$45.22M	152,000
Q3 2015	BRK-A Berkshire Hathaway Inc.	Berkshire Hathaway Inc.	Buy	+1	+0.1%	$210.66M	1,079
Q3 2015	BXCHF BLACKSTONE INC	BLACKSTONE INC	Buy	+26,000	+5.6%	$15.42M	487,000
Q3 2015	CABO Cable One, Inc.	Cable One, Inc.	Buy - Position Entry	+5,200	-	$2.18M	5,200
Q3 2015	CAT Caterpillar, Inc.	Caterpillar, Inc.	Buy	+37,000	+15.4%	$18.17M	278,000
Q3 2015	CME CME Group Inc.	CME Group Inc.	Buy	+2,000	+1.8%	$10.76M	116,000
Q3 2015	CMI Cummins Inc.	Cummins Inc.	Buy - Position Entry	+25,000	-	$2.71M	25,000
Q3 2015	COF Capital One Financial Corporati	Capital One Financial Corporati	Buy - Position Entry	+125,000	-	$9.06M	125,000
Q3 2015	CPRT Copart, Inc.	Copart, Inc.	Buy	+19,000	+2.0%	$31.75M	965,000
Q3 2015	DCI Donaldson Company, Inc.	Donaldson Company, Inc.	Buy - Position Entry	+18,000	-	$505.00K	18,000
Q3 2015	DE Deere & Company	Deere & Company	Buy	+50,000	+5.1%	$76.59M	1,035,000
Q3 2015	DEO Diageo plc	Diageo plc	Buy	+20,000	+1.6%	$137.00M	1,271,000
Q3 2015	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+23,000	+1.5%	$161.02M	1,575,500
Q3 2015	DISCKEUR DISCOVERY INC-C	DISCOVERY INC-C	Buy	+302,000	+130.7%	$12.95M	533,000
Q3 2015	ECL Ecolab Inc.	Ecolab Inc.	Buy	+12,000	+8.8%	$16.35M	149,000
Q3 2015	FDS FactSet Research Systems Inc.	FactSet Research Systems Inc.	Buy	+12,000	+7.9%	$26.21M	164,000
Q3 2015	FDX FedEx Corporation	FedEx Corporation	Buy - Position Entry	+15,000	-	$2.16M	15,000
Q3 2015	FHI Federated Hermes, Inc.	Federated Hermes, Inc.	Sell	-125,000	-5.9%	$58.06M	2,009,000
Q3 2015	HAL Halliburton Company	Halliburton Company	Buy	+25,000	+11.4%	$8.62M	244,000
Q3 2015	HOG Harley-Davidson, Inc.	Harley-Davidson, Inc.	Buy	+170,000	+377.8%	$11.80M	215,000
Q3 2015	JNJ Johnson & Johnson	Johnson & Johnson	Buy	+8,000	+1.4%	$54.35M	582,200
Q3 2015	JPM JP Morgan Chase & Co.	JP Morgan Chase & Co.	Buy	+98,000	+115.3%	$11.16M	183,000
Q3 2015	KKR KKR & Co. Inc.	KKR & Co. Inc.	Buy	+35,000	+7.0%	$8.94M	533,000
Q3 2015	LVS Las Vegas Sands Corp.	Las Vegas Sands Corp.	Buy - Position Entry	+48,000	-	$1.82M	48,000