Thomas Gayner - Markel Group Inc. 13F Activity & Position Changes (Q3 2018)

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, 2018. 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 2018, the filing reported:

New Buys - Crown Holdings, Inc., Mohawk Industries, Inc., NXP Semiconductors

Increases - ACTIVISION BLIZZARD INC, Apple Inc., Analog Devices, Inc., Amazon.com, Inc., AutoNation, Inc., and 45 more

Reductions - None reported

Complete Exits - Capital One Financial Corporati, The Goodyear Tire & Rubber Comp, Mattel, Inc., W. P. Carey Inc. REIT

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

Showing 30 of 57 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q3 2018	4ATVI ACTIVISION BLIZZARD INC	ACTIVISION BLIZZARD INC	Buy	+29,300	+177.6%	$3.81M	45,800
Q3 2018	AAPL Apple Inc.	Apple Inc.	Buy	+5,170	+3.5%	$34.85M	154,375
Q3 2018	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy	+23,000	+3.6%	$61.01M	659,811
Q3 2018	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+1,900	+2.2%	$178.91M	89,320
Q3 2018	AN AutoNation, Inc.	AutoNation, Inc.	Buy	+5,310	+23.9%	$1.14M	27,510
Q3 2018	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Buy	+44,820	+0.8%	$252.22M	5,664,041
Q3 2018	BKNG Booking Holdings Inc. Common St	Booking Holdings Inc. Common St	Buy	+20	+8.7%	$496.00K	250
Q3 2018	BLK BlackRock, Inc.	BlackRock, Inc.	Buy	+3,600	+1.9%	$92.14M	195,500
Q3 2018	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+2,065	+0.1%	$324.83M	1,517,097
Q3 2018	BXCHF BLACKSTONE INC	BLACKSTONE INC	Buy	+42,500	+4.0%	$42.38M	1,113,000
Q3 2018	C Citigroup, Inc.	Citigroup, Inc.	Buy	+4,750	+66.7%	$852.00K	11,870
Q3 2018	CCK Crown Holdings, Inc.	Crown Holdings, Inc.	Buy - Position Entry	+11,000	-	$528.00K	11,000
Q3 2018	CHH Choice Hotels International, In	Choice Hotels International, In	Buy	+14,500	+14.5%	$9.54M	114,500
Q3 2018	CMCSA Comcast Corporation	Comcast Corporation	Buy	+105,000	+36.1%	$14.02M	396,000
Q3 2018	COF Capital One Financial Corporati	Capital One Financial Corporati	Sell - Position Exit	-75,000	-100.0%	$0.00	-
Q3 2018	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Buy	+25,000	+113.6%	$2.72M	47,000
Q3 2018	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Buy	+2,250	+36.5%	$355.00K	8,407
Q3 2018	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+30,000	+1.7%	$210.40M	1,799,200
Q3 2018	DISCKEUR DISCOVERY INC-C	DISCOVERY INC-C	Buy	+2,000	+0.2%	$34.64M	1,171,000
Q3 2018	DLTR Dollar Tree, Inc.	Dollar Tree, Inc.	Buy	+23,000	+23.0%	$10.03M	123,000
Q3 2018	EA Electronic Arts Inc.	Electronic Arts Inc.	Buy	+28,600	+493.1%	$4.14M	34,400
Q3 2018	ECL Ecolab Inc.	Ecolab Inc.	Buy	+8,300	+3.2%	$42.19M	269,100
Q3 2018	FWONAUSD LIBERTY MEDIA CORP-LIBERTY-A	LIBERTY MEDIA CORP-LIBERTY-A	Buy	+10,000	+4.6%	$8.17M	229,500
Q3 2018	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+4,285	+3.9%	$135.83M	113,809
Q3 2018	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Buy	+26,800	+28.3%	$27.26M	121,550
Q3 2018	GT The Goodyear Tire & Rubber Comp	The Goodyear Tire & Rubber Comp	Sell - Position Exit	-135,000	-100.0%	$0.00	-
Q3 2018	HCSG Healthcare Services Group, Inc.	Healthcare Services Group, Inc.	Buy	+34,000	+34.3%	$5.40M	133,000
Q3 2018	HEI-A Heico Corporation	Heico Corporation	Buy	+18,998	+7.0%	$21.91M	290,145
Q3 2018	HXL Hexcel Corporation	Hexcel Corporation	Buy	+12,000	+10.0%	$8.85M	132,000
Q3 2018	IFF International Flavors & Fragran	International Flavors & Fragran	Buy	+23,500	+58.8%	$8.83M	63,500