13F HOLDINGS REPORT
MARKEL CORP
Quarter ended Q4 2025 · Filed February 6, 2026 · Accession 0001096343-26-000011
Total Value
$12.54B
Positions
205
Other Managers
1
Confidential Omitted
No
Holdings (205)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ALPHABET INC | GOOG | 2,452,630 | $769.6M | 6.14% |
| 2 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1,104,460 | $555.2M | 4.43% |
| 3 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 590 | $445.3M | 3.55% |
| 4 | AMAZON COM INC | AMZN | 1,882,328 | $434.5M | 3.46% |
| 5 | DEERE & CO | DE | 877,900 | $408.7M | 3.26% |
| 6 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 524 | $395.5M | 3.15% |
| 7 | BROOKFIELD CORP | 11271J107 | 8,315,403 | $381.6M | 3.04% |
| 8 | VISA INC | V | 923,135 | $323.8M | 2.58% |
| 9 | APPLE INC | AAPL | 1,179,090 | $320.5M | 2.56% |
| 10 | GOLDMAN SACHS GROUP INC | GSCE | 335,710 | $295.1M | 2.35% |
| 11 | ANALOG DEVICES INC | ADI | 1,013,245 | $274.8M | 2.19% |
| 12 | MICROSOFT CORP | MSFT | 512,061 | $247.6M | 1.97% |
| 13 | BLACKROCK INC | BLK | 208,200 | $222.8M | 1.78% |
| 14 | HOME DEPOT INC | HD | 643,094 | $221.3M | 1.76% |
| 15 | BROOKFIELD CORP | 11271J107 | 4,758,206 | $218.4M | 1.74% |
| 16 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 427,511 | $214.9M | 1.71% |
| 17 | LPL FINL HLDGS INC | 50212V100 | 557,662 | $199.2M | 1.59% |
| 18 | BLACKSTONE INC | BX | 1,194,500 | $184.1M | 1.47% |
| 19 | KKR & CO INC | KKRT | 1,433,800 | $182.8M | 1.46% |
| 20 | CATERPILLAR INC | CAT | 318,649 | $182.5M | 1.46% |
| 21 | WATSCO INC | WSO-B | 536,069 | $180.6M | 1.44% |
| 22 | DISNEY WALT CO | 254687106 | 1,577,428 | $179.5M | 1.43% |
| 23 | AMERICAN EXPRESS CO | AXP | 478,500 | $177.0M | 1.41% |
| 24 | LOWES COS INC | 548661107 | 672,732 | $162.2M | 1.29% |
| 25 | PROGRESSIVE CORP | 743315103 | 693,750 | $158.0M | 1.26% |
| 26 | ALPHABET INC | GOOG | 500,000 | $156.5M | 1.25% |
| 27 | META PLATFORMS INC | META | 226,693 | $149.6M | 1.19% |
| 28 | APOLLO GLOBAL MGMT INC | 03769M106 | 990,000 | $143.3M | 1.14% |
| 29 | FRANCO NEV CORP | FNV | 683,500 | $141.7M | 1.13% |
| 30 | RLI CORP | RLI | 2,201,594 | $140.9M | 1.12% |
| 31 | MARSH & MCLENNAN COS INC | 571748102 | 741,250 | $137.5M | 1.10% |
| 32 | TEXAS INSTRS INC | 882508104 | 723,999 | $125.6M | 1.00% |
| 33 | SCHWAB CHARLES CORP | SCHW-PJ | 1,246,800 | $124.6M | 0.99% |
| 34 | JOHNSON & JOHNSON | JNJ | 584,085 | $120.9M | 0.96% |
| 35 | GENERAL DYNAMICS CORP | GD | 347,000 | $116.8M | 0.93% |
| 36 | DOLLAR GEN CORP NEW | 256677105 | 865,750 | $114.9M | 0.92% |
| 37 | MASTERCARD INCORPORATED | MA | 187,556 | $107.1M | 0.85% |
| 38 | MOODYS CORP | MCO | 192,794 | $98.5M | 0.79% |
| 39 | HOME DEPOT INC | HD | 276,906 | $95.3M | 0.76% |
| 40 | ALPHABET INC | GOOG | 297,230 | $93.3M | 0.74% |
| 41 | HEICO CORP NEW | HEI-A | 367,442 | $92.8M | 0.74% |
| 42 | NVR INC | NVR | 11,832 | $86.3M | 0.69% |
| 43 | ROLLINS INC | ROL | 1,426,550 | $85.6M | 0.68% |
| 44 | NOVO-NORDISK A S | NONOF | 1,677,934 | $85.4M | 0.68% |
| 45 | LINDE PLC | LIN | 192,700 | $82.2M | 0.65% |
| 46 | MSCI INC | MSCI | 141,850 | $81.4M | 0.65% |
| 47 | JPMORGAN CHASE & CO. | VYLD | 252,550 | $81.4M | 0.65% |
| 48 | S&P GLOBAL INC | SPGI | 149,690 | $78.2M | 0.62% |
| 49 | ARCHER DANIELS MIDLAND CO | ADM | 1,335,073 | $76.8M | 0.61% |
| 50 | ILLINOIS TOOL WKS INC | 452308109 | 310,649 | $76.5M | 0.61% |
| 51 | CARLYLE GROUP INC | CGABL | 1,282,500 | $75.8M | 0.60% |
| 52 | NORFOLK SOUTHN CORP | 655844108 | 244,500 | $70.6M | 0.56% |
| 53 | DIAGEO PLC | DGEAF | 786,394 | $67.8M | 0.54% |
| 54 | ECOLAB INC | ECL | 251,300 | $66.0M | 0.53% |
| 55 | OLD DOMINION FREIGHT LINE IN | ODFL | 415,650 | $65.2M | 0.52% |
| 56 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 1,238,500 | $64.9M | 0.52% |
| 57 | NOVO-NORDISK A S | NONOF | 1,191,840 | $60.6M | 0.48% |
| 58 | ROCKWELL AUTOMATION INC | ROK | 147,000 | $57.2M | 0.46% |
| 59 | INVESTORS TITLE CO NC | ITIC | 213,300 | $53.2M | 0.42% |
| 60 | DISNEY WALT CO | 254687106 | 454,237 | $51.7M | 0.41% |
| 61 | TYSON FOODS INC | TSN | 874,500 | $51.3M | 0.41% |
| 62 | DIAGEO PLC | DGEAF | 585,314 | $50.5M | 0.40% |
| 63 | HANOVER INS GROUP INC | 410867105 | 275,000 | $50.3M | 0.40% |
| 64 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 955,453 | $50.1M | 0.40% |
| 65 | STARBUCKS CORP | SBUX | 583,318 | $49.1M | 0.39% |
| 66 | AON PLC | AON | 132,550 | $46.8M | 0.37% |
| 67 | ACCENTURE PLC IRELAND | ACN | 159,399 | $42.8M | 0.34% |
| 68 | HAGERTY INC | HGTY | 3,108,000 | $41.8M | 0.33% |
| 69 | HCA HEALTHCARE INC | HCA | 80,680 | $37.7M | 0.30% |
| 70 | FERGUSON ENTERPRISES INC | FERG | 163,500 | $36.4M | 0.29% |
| 71 | THERMO FISHER SCIENTIFIC INC | TMO | 62,800 | $36.4M | 0.29% |
| 72 | VERISK ANALYTICS INC | VRSK | 153,450 | $34.3M | 0.27% |
| 73 | AMAZON COM INC | AMZN | 148,432 | $34.3M | 0.27% |
| 74 | YUM BRANDS INC | YUM | 226,451 | $34.3M | 0.27% |
| 75 | COSTCO WHSL CORP NEW | 22160K105 | 39,150 | $33.8M | 0.27% |
| 76 | AIRBNB INC | ABNB | 240,289 | $32.6M | 0.26% |
| 77 | ALLSTATE CORP | ALL-PJ | 154,550 | $32.2M | 0.26% |
| 78 | LOCKHEED MARTIN CORP | LMT | 64,513 | $31.2M | 0.25% |
| 79 | RTX CORPORATION | RTX | 169,400 | $31.1M | 0.25% |
| 80 | SHERWIN WILLIAMS CO | SHW | 94,172 | $30.5M | 0.24% |
| 81 | UNION PAC CORP | UNP | 130,178 | $30.1M | 0.24% |
| 82 | PRICE T ROWE GROUP INC | TROW | 282,000 | $28.9M | 0.23% |
| 83 | FACTSET RESH SYS INC | 303075105 | 98,873 | $28.7M | 0.23% |
| 84 | MARRIOTT INTL INC NEW | 571903202 | 89,750 | $27.8M | 0.22% |
| 85 | VISA INC | V | 76,150 | $26.7M | 0.21% |
| 86 | NIKE INC | NKE | 401,400 | $25.6M | 0.20% |
| 87 | UNITED RENTALS INC | URI | 31,150 | $25.2M | 0.20% |
| 88 | COMCAST CORP NEW | CCZ | 828,780 | $24.8M | 0.20% |
| 89 | LAMAR ADVERTISING CO NEW | LAMR | 185,000 | $23.4M | 0.19% |
| 90 | ALPHABET INC | GOOG | 72,000 | $22.5M | 0.18% |
| 91 | CROWN HLDGS INC | CCK | 209,000 | $21.5M | 0.17% |
| 92 | GOLDMAN SACHS GROUP INC | GSCE | 23,650 | $20.8M | 0.17% |
| 93 | CAPITAL ONE FINL CORP | 14040H105 | 83,500 | $20.2M | 0.16% |
| 94 | RENAISSANCERE HLDGS LTD | RNR-PG | 67,000 | $18.8M | 0.15% |
| 95 | PHILIP MORRIS INTL INC | 718172109 | 114,500 | $18.4M | 0.15% |
| 96 | BROWN FORMAN CORP | BF-B | 678,400 | $17.8M | 0.14% |
| 97 | AIR PRODS & CHEMS INC | AIIR | 71,500 | $17.7M | 0.14% |
| 98 | SHOPIFY INC | SHOP | 102,750 | $16.5M | 0.13% |
| 99 | WELLS FARGO CO NEW | 949746101 | 172,450 | $16.1M | 0.13% |
| 100 | CISCO SYS INC | CSCO | 207,500 | $16.0M | 0.13% |
| 101 | CSX CORP | CSX | 440,000 | $15.9M | 0.13% |
| 102 | EQUIFAX INC | EFX | 72,850 | $15.8M | 0.13% |
| 103 | SPOTIFY TECHNOLOGY S A | SPOT | 25,900 | $15.0M | 0.12% |
| 104 | LOWES COS INC | 548661107 | 61,748 | $14.9M | 0.12% |
| 105 | GENERAL DYNAMICS CORP | GD | 44,000 | $14.8M | 0.12% |
| 106 | META PLATFORMS INC | META | 21,610 | $14.3M | 0.11% |
| 107 | BANK NEW YORK MELLON CORP | 064058100 | 121,500 | $14.1M | 0.11% |
| 108 | WATSCO INC | WSO-B | 41,600 | $14.0M | 0.11% |
| 109 | PEPSICO INC | PEP | 96,210 | $13.8M | 0.11% |
| 110 | PROGRESSIVE CORP | 743315103 | 60,000 | $13.7M | 0.11% |
| 111 | APPLE INC | AAPL | 48,200 | $13.1M | 0.10% |
| 112 | SCHWAB CHARLES CORP | SCHW-PJ | 129,000 | $12.9M | 0.10% |
| 113 | BLACKROCK INC | BLK | 12,000 | $12.8M | 0.10% |
| 114 | CME GROUP INC | CME | 45,750 | $12.5M | 0.10% |
| 115 | RLI CORP | RLI | 192,950 | $12.3M | 0.10% |
| 116 | HERSHEY CO | HSY | 67,500 | $12.3M | 0.10% |
| 117 | TARGET CORP | TGT | 125,500 | $12.3M | 0.10% |
| 118 | COMFORT SYS USA INC | 199908104 | 13,000 | $12.1M | 0.10% |
| 119 | UBER TECHNOLOGIES INC | UBER | 140,000 | $11.4M | 0.09% |
| 120 | MICROSOFT CORP | MSFT | 23,619 | $11.4M | 0.09% |
| 121 | MASTERCARD INCORPORATED | MA | 19,984 | $11.4M | 0.09% |
| 122 | CISCO SYS INC | CSCO | 148,000 | $11.4M | 0.09% |
| 123 | HEXCEL CORP NEW | 428291108 | 151,000 | $11.2M | 0.09% |
| 124 | CHOICE HOTELS INTL INC | 169905106 | 115,500 | $11.0M | 0.09% |
| 125 | MOODYS CORP | MCO | 21,096 | $10.8M | 0.09% |
| 126 | IQVIA HLDGS INC | IQV | 46,900 | $10.6M | 0.08% |
| 127 | CBOE GLOBAL MKTS INC | 12503M108 | 41,750 | $10.5M | 0.08% |
| 128 | RTX CORPORATION | RTX | 54,600 | $10.0M | 0.08% |
| 129 | ARCHER DANIELS MIDLAND CO | ADM | 170,727 | $9.8M | 0.08% |
| 130 | CARRIER GLOBAL CORPORATION | CARR | 180,400 | $9.5M | 0.08% |
| 131 | SEI INVTS CO | 784117103 | 114,200 | $9.4M | 0.07% |
| 132 | SCOTTS MIRACLE-GRO CO | SMG | 159,000 | $9.3M | 0.07% |
| 133 | PAYCHEX INC | PAYX | 80,000 | $9.0M | 0.07% |
| 134 | APPLIED MATLS INC | 038222105 | 34,100 | $8.8M | 0.07% |
| 135 | UNITEDHEALTH GROUP INC | UNH | 26,500 | $8.7M | 0.07% |
| 136 | HUNTINGTON INGALLS INDS INC | 446413106 | 25,500 | $8.7M | 0.07% |
| 137 | SONY GROUP CORP | SNEJF | 335,000 | $8.6M | 0.07% |
| 138 | BROWN FORMAN CORP | BF-B | 328,787 | $8.6M | 0.07% |
| 139 | NORFOLK SOUTHN CORP | 655844108 | 29,000 | $8.4M | 0.07% |
| 140 | PAYCHEX INC | PAYX | 70,000 | $7.9M | 0.06% |
| 141 | OTIS WORLDWIDE CORP | OTIS | 87,320 | $7.6M | 0.06% |
| 142 | FACTSET RESH SYS INC | 303075105 | 23,000 | $6.7M | 0.05% |
| 143 | ECOLAB INC | ECL | 23,000 | $6.0M | 0.05% |
| 144 | INSPERITY INC | NSP | 152,873 | $5.9M | 0.05% |
| 145 | CATERPILLAR INC | CAT | 10,001 | $5.7M | 0.05% |
| 146 | GRAHAM HLDGS CO | GHM | 5,200 | $5.7M | 0.05% |
| 147 | JOHNSON & JOHNSON | JNJ | 26,715 | $5.5M | 0.04% |
| 148 | BLACKSTONE INC | BX | 34,500 | $5.3M | 0.04% |
| 149 | CARMAX INC | KMX | 129,500 | $5.0M | 0.04% |
| 150 | SEI INVTS CO | 784117103 | 59,000 | $4.8M | 0.04% |
| 151 | EXXON MOBIL CORP | XOM | 38,000 | $4.6M | 0.04% |
| 152 | EASTMAN CHEM CO | EMN | 70,950 | $4.5M | 0.04% |
| 153 | CANADIAN NATL RY CO | 136375102 | 44,500 | $4.4M | 0.04% |
| 154 | BROWN FORMAN CORP | BF-B | 164,600 | $4.3M | 0.03% |
| 155 | BERKLEY W R CORP | WRB-PH | 60,750 | $4.3M | 0.03% |
| 156 | ILLINOIS TOOL WKS INC | 452308109 | 16,851 | $4.2M | 0.03% |
| 157 | COMCAST CORP NEW | CCZ | 133,100 | $4.0M | 0.03% |
| 158 | MARSH & MCLENNAN COS INC | 571748102 | 20,500 | $3.8M | 0.03% |
| 159 | BROWN FORMAN CORP | BF-B | 145,400 | $3.8M | 0.03% |
| 160 | ROLLINS INC | ROL | 62,475 | $3.7M | 0.03% |
| 161 | CANADIAN PACIFIC KANSAS CITY | CP | 50,500 | $3.7M | 0.03% |
| 162 | AMERICAN EXPRESS CO | AXP | 10,000 | $3.7M | 0.03% |
| 163 | BRUNSWICK CORP | BC-PC | 47,750 | $3.5M | 0.03% |
| 164 | ACUITY INC | AYI | 9,750 | $3.5M | 0.03% |
| 165 | STARBUCKS CORP | SBUX | 40,500 | $3.4M | 0.03% |
| 166 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 20,870 | $3.4M | 0.03% |
| 167 | PRICE T ROWE GROUP INC | TROW | 32,000 | $3.3M | 0.03% |
| 168 | APOLLO GLOBAL MGMT INC | 03769M106 | 22,500 | $3.3M | 0.03% |
| 169 | MGM RESORTS INTERNATIONAL | MGM | 87,500 | $3.2M | 0.03% |
| 170 | LINDE PLC | LIN | 7,400 | $3.2M | 0.03% |
| 171 | HEICO CORP NEW | HEI-A | 12,202 | $3.1M | 0.02% |
| 172 | ROCKWELL AUTOMATION INC | ROK | 7,900 | $3.1M | 0.02% |
| 173 | EAGLE MATLS INC | 26969P108 | 14,750 | $3.0M | 0.02% |
| 174 | WELLS FARGO CO NEW | 949746101 | 32,000 | $3.0M | 0.02% |
| 175 | NIKE INC | NKE | 46,000 | $2.9M | 0.02% |
| 176 | CARRIER GLOBAL CORPORATION | CARR | 54,600 | $2.9M | 0.02% |
| 177 | HEXCEL CORP NEW | 428291108 | 38,000 | $2.8M | 0.02% |
| 178 | ANALOG DEVICES INC | ADI | 10,000 | $2.7M | 0.02% |
| 179 | CARLYLE GROUP INC | CGABL | 44,500 | $2.6M | 0.02% |
| 180 | UNION PAC CORP | UNP | 11,100 | $2.6M | 0.02% |
| 181 | OTIS WORLDWIDE CORP | OTIS | 27,300 | $2.4M | 0.02% |
| 182 | KKR & CO INC | KKRT | 18,000 | $2.3M | 0.02% |
| 183 | DOMINOS PIZZA INC | DPZ | 5,500 | $2.3M | 0.02% |
| 184 | SYSCO CORP | SYY | 30,500 | $2.2M | 0.02% |
| 185 | CAPITAL ONE FINL CORP | 14040H105 | 7,500 | $1.8M | 0.01% |
| 186 | NVR INC | NVR | 175 | $1.3M | 0.01% |
| 187 | HANOVER INS GROUP INC | 410867105 | 6,000 | $1.1M | 0.01% |
| 188 | OLD DOMINION FREIGHT LINE IN | ODFL | 6,000 | $940,800 | 0.01% |
| 189 | BROWN & BROWN INC | BRO | 11,000 | $876,700 | 0.01% |
| 190 | RENAISSANCERE HLDGS LTD | RNR-PG | 3,000 | $843,480 | 0.01% |
| 191 | LPL FINL HLDGS INC | 50212V100 | 2,289 | $817,562 | 0.01% |
| 192 | TARGET CORP | TGT | 7,500 | $733,125 | 0.01% |
| 193 | TYSON FOODS INC | TSN | 10,000 | $586,200 | 0.00% |
| 194 | MSCI INC | MSCI | 1,000 | $573,730 | 0.00% |
| 195 | VERISK ANALYTICS INC | VRSK | 2,500 | $559,225 | 0.00% |
| 196 | AON PLC | AON | 1,500 | $529,320 | 0.00% |
| 197 | SCOTTS MIRACLE-GRO CO | SMG | 9,000 | $525,150 | 0.00% |
| 198 | S&P GLOBAL INC | SPGI | 1,000 | $522,590 | 0.00% |
| 199 | DOLLAR GEN CORP NEW | 256677105 | 3,500 | $464,695 | 0.00% |
| 200 | CROWN HLDGS INC | CCK | 3,000 | $308,910 | 0.00% |
| 201 | CARMAX INC | KMX | 7,000 | $270,480 | 0.00% |
| 202 | EASTMAN CHEM CO | EMN | 4,000 | $255,320 | 0.00% |
| 203 | TRANSUNION | TRU | 2,000 | $171,500 | 0.00% |
| 204 | ACCENTURE PLC IRELAND | ACN | 1 | $268 | 0.00% |
| 205 | TEXAS INSTRS INC | 882508104 | 1 | $173 | 0.00% |