Thomas Gayner - Markel Group Inc. 13F Activity & Position Changes (Q3 2016)

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, 2016. 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 2016, the filing reported:

New Buys - American Tower Corporation (REI, Heico Corporation, NXP Semiconductors

Increases - Apple Inc., Analog Devices, Inc., Amazon.com, Inc., Boeing Company (The), Brookfield Asset Management Inc, and 32 more

Reductions - None reported

Complete Exits - Capital One Financial Corporati, Copart, Inc., CARBO CERAMICS INC, NATIONAL OILWELL VARCO 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 44 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2016	AAPL Apple Inc.	Apple Inc.	Buy	+25,000	+69.3%	$6.91M	61,100
Q3 2016	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy	+106,000	+51.5%	$20.11M	312,000
Q3 2016	AMT American Tower Corporation (REI	American Tower Corporation (REI	Buy - Position Entry	+2,000	-	$227.00K	2,000
Q3 2016	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+14,500	+74.4%	$28.47M	34,000
Q3 2016	BA Boeing Company (The)	Boeing Company (The)	Buy	+23,600	+140.5%	$5.32M	40,400
Q3 2016	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Buy	+30,000	+0.6%	$179.87M	5,112,821
Q3 2016	BF-A Brown Forman Inc	Brown Forman Inc	Buy	+421,500	+100.0%	$41.94M	843,000
Q3 2016	BF-B Brown Forman Inc	Brown Forman Inc	Buy	+105,375	+100.0%	$10.00M	210,750
Q3 2016	BLK BlackRock, Inc.	BlackRock, Inc.	Buy	+1,000	+0.6%	$56.36M	155,500
Q3 2016	BXCHF BLACKSTONE INC	BLACKSTONE INC	Buy	+37,000	+7.4%	$13.68M	536,000
Q3 2016	CMCSA Comcast Corporation	Comcast Corporation	Buy	+40,000	+114.3%	$4.98M	75,000
Q3 2016	CME CME Group Inc.	CME Group Inc.	Buy	+12,000	+9.8%	$14.11M	135,000
Q3 2016	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell - Position Exit	-126,000	-100.0%	$0.00	-
Q3 2016	CPRT Copart, Inc.	Copart, Inc.	Sell - Position Exit	-965,000	-100.0%	$0.00	-
Q3 2016	CRREUR CARBO CERAMICS INC	CARBO CERAMICS INC	Sell - Position Exit	-215,000	-100.0%	$0.00	-
Q3 2016	CSCO Cisco Systems, Inc.	Cisco Systems, Inc.	Buy	+74,000	+37.9%	$8.53M	269,000
Q3 2016	DE Deere & Company	Deere & Company	Buy	+3,000	+0.3%	$93.49M	1,095,400
Q3 2016	DEO Diageo plc	Diageo plc	Buy	+8,500	+0.7%	$152.10M	1,310,800
Q3 2016	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+6,000	+0.4%	$150.17M	1,617,200
Q3 2016	DISCKEUR DISCOVERY INC-C	DISCOVERY INC-C	Buy	+77,000	+10.2%	$21.92M	833,000
Q3 2016	ECL Ecolab Inc.	Ecolab Inc.	Buy	+14,000	+8.4%	$21.89M	179,800
Q3 2016	FWONK Liberty Media Corp Formula One Group	Liberty Media Corp Formula One Group	Buy	+38,000	+28.7%	$4.80M	170,500
Q3 2016	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+15,500	+46.2%	$38.11M	49,031
Q3 2016	HEI Heico Corporation	Heico Corporation	Buy - Position Entry	+3,000	-	$208.00K	3,000
Q3 2016	HEI-A Heico Corporation	Heico Corporation	Buy	+33,500	+837.5%	$2.27M	37,500
Q3 2016	KKR KKR & Co. Inc.	KKR & Co. Inc.	Buy	+53,000	+9.7%	$8.53M	598,000
Q3 2016	LBRDA Liberty Broadband Corporation	Liberty Broadband Corporation	Buy	+32,000	+37.1%	$8.30M	118,250
Q3 2016	LYV Live Nation Entertainment, Inc.	Live Nation Entertainment, Inc.	Buy	+146,000	+409.0%	$4.99M	181,700
Q3 2016	META Meta Platforms, Inc.	Meta Platforms, Inc.	Buy	+21,000	+68.9%	$6.61M	51,500
Q3 2016	MSFT Microsoft Corporation	Microsoft Corporation	Buy	+32,000	+20.0%	$11.06M	192,000