Thomas Gayner - Markel Group Inc. 13F Activity & Position Changes (Q4 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 Dec 31, 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 Q4 2018, the filing reported:

New Buys - Equifax, Inc., NVR, Inc., Sherwin-Williams Company (The), TransUnion

Increases - ACTIVISION BLIZZARD INC, Apple Inc., Analog Devices, Inc., Amazon.com, Inc., AutoNation, Inc., and 41 more

Reductions - Chipotle Mexican Grill, Inc., UnitedHealth Group Incorporated

Complete Exits - Ascent Industries Co., The Hershey Company, PRAXAIR INC, Synchrony Financial

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

Showing 30 of 56 transactions.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q4 2018	4ATVI ACTIVISION BLIZZARD INC	ACTIVISION BLIZZARD INC	Buy	+132,000	+288.2%	$8.28M	177,800
Q4 2018	AAPL Apple Inc.	Apple Inc.	Buy	+1,910	+1.2%	$24.65M	156,285
Q4 2018	ACNT Ascent Industries Co.	Ascent Industries Co.	Sell - Position Exit	-414,804	-100.0%	$0.00	-
Q4 2018	ADI Analog Devices, Inc.	Analog Devices, Inc.	Buy	+40,000	+6.1%	$60.06M	699,811
Q4 2018	AMZN Amazon.com, Inc.	Amazon.com, Inc.	Buy	+425	+0.5%	$134.79M	89,745
Q4 2018	AN AutoNation, Inc.	AutoNation, Inc.	Buy	+2,450	+8.9%	$1.07M	29,960
Q4 2018	BAM Brookfield Asset Management Inc	Brookfield Asset Management Inc	Buy	+10,100	+0.2%	$217.60M	5,674,141
Q4 2018	BLK BlackRock, Inc.	BlackRock, Inc.	Buy	+200	+0.1%	$76.88M	195,700
Q4 2018	BRK-B Berkshire Hathaway Inc. New	Berkshire Hathaway Inc. New	Buy	+1,650	+0.1%	$310.10M	1,518,747
Q4 2018	BXCHF BLACKSTONE INC	BLACKSTONE INC	Buy	+3,000	+0.3%	$33.27M	1,116,000
Q4 2018	C Citigroup, Inc.	Citigroup, Inc.	Buy	+1,700	+14.3%	$707.00K	13,570
Q4 2018	CCK Crown Holdings, Inc.	Crown Holdings, Inc.	Buy	+4,000	+36.4%	$624.00K	15,000
Q4 2018	CHH Choice Hotels International, In	Choice Hotels International, In	Buy	+3,000	+2.6%	$8.41M	117,500
Q4 2018	CMCSA Comcast Corporation	Comcast Corporation	Buy	+3,000	+0.8%	$13.59M	399,000
Q4 2018	CMG Chipotle Mexican Grill, Inc.	Chipotle Mexican Grill, Inc.	Sell	-19,000	-69.9%	$3.54M	8,200
Q4 2018	DAL Delta Air Lines, Inc.	Delta Air Lines, Inc.	Buy	+7,000	+14.9%	$2.69M	54,000
Q4 2018	DHI D.R. Horton, Inc.	D.R. Horton, Inc.	Buy	+650	+7.7%	$313.00K	9,057
Q4 2018	DIS Walt Disney Company (The)	Walt Disney Company (The)	Buy	+1,300	+0.1%	$197.42M	1,800,500
Q4 2018	EA Electronic Arts Inc.	Electronic Arts Inc.	Buy	+71,000	+206.4%	$8.32M	105,400
Q4 2018	ECL Ecolab Inc.	Ecolab Inc.	Buy	+700	+0.3%	$39.76M	269,800
Q4 2018	EFX Equifax, Inc.	Equifax, Inc.	Buy - Position Entry	+2,500	-	$233.00K	2,500
Q4 2018	GOOG Alphabet Inc.	Alphabet Inc.	Buy	+1,380	+1.2%	$119.29M	115,189
Q4 2018	GS Goldman Sachs Group, Inc. (The)	Goldman Sachs Group, Inc. (The)	Buy	+4,370	+3.6%	$21.04M	125,920
Q4 2018	HCSG Healthcare Services Group, Inc.	Healthcare Services Group, Inc.	Buy	+13,000	+9.8%	$5.87M	146,000
Q4 2018	HEI-A Heico Corporation	Heico Corporation	Buy	+2,000	+0.7%	$18.41M	292,145
Q4 2018	HSY The Hershey Company	The Hershey Company	Sell - Position Exit	-24,100	-100.0%	$0.00	-
Q4 2018	HXL Hexcel Corporation	Hexcel Corporation	Buy	+2,000	+1.5%	$7.68M	134,000
Q4 2018	KKR KKR & Co. Inc.	KKR & Co. Inc.	Buy	+3,000	+0.2%	$24.36M	1,241,000
Q4 2018	LUV Southwest Airlines Company	Southwest Airlines Company	Buy	+11,000	+13.8%	$4.23M	91,000
Q4 2018	LYV Live Nation Entertainment, Inc.	Live Nation Entertainment, Inc.	Buy	+1,000	+0.2%	$24.07M	488,700