13F HOLDINGS REPORT
MARKEL CORP
Quarter ended Q3 2025 · Filed October 31, 2025 · Accession 0001628280-25-047842
Total Value
$12.32B
Positions
208
Other Managers
1
Confidential Omitted
No
Holdings (208)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | ALPHABET INC | GOOG | 2,452,630 | $597.3M | 4.85% |
| 2 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1,104,460 | $555.3M | 4.51% |
| 3 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 590 | $445.0M | 3.61% |
| 4 | AMAZON COM INC | AMZN | 1,882,328 | $413.3M | 3.35% |
| 5 | DEERE & CO | DE | 877,900 | $401.4M | 3.26% |
| 6 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 524 | $395.2M | 3.21% |
| 7 | BROOKFIELD CORP | 11271J107 | 5,543,603 | $380.2M | 3.09% |
| 8 | VISA INC | V | 923,135 | $315.1M | 2.56% |
| 9 | APPLE INC | AAPL | 1,179,090 | $300.2M | 2.44% |
| 10 | ANALOG DEVICES INC | ADI | 1,156,671 | $284.2M | 2.31% |
| 11 | GOLDMAN SACHS GROUP INC | GSCE | 335,710 | $267.3M | 2.17% |
| 12 | MICROSOFT CORP | MSFT | 508,461 | $263.4M | 2.14% |
| 13 | HOME DEPOT INC | HD | 643,094 | $260.6M | 2.11% |
| 14 | BLACKROCK INC | BLK | 208,200 | $242.7M | 1.97% |
| 15 | BROOKFIELD CORP | 11271J107 | 3,172,138 | $217.5M | 1.77% |
| 16 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 427,511 | $214.9M | 1.74% |
| 17 | WATSCO INC | WSO-B | 523,569 | $211.7M | 1.72% |
| 18 | BLACKSTONE INC | BX | 1,194,500 | $204.1M | 1.66% |
| 19 | META PLATFORMS INC | META | 258,671 | $190.0M | 1.54% |
| 20 | KKR & CO INC | KKRT | 1,433,800 | $186.3M | 1.51% |
| 21 | LPL FINL HLDGS INC | 50212V100 | 551,032 | $183.3M | 1.49% |
| 22 | DISNEY WALT CO | 254687106 | 1,577,428 | $180.6M | 1.47% |
| 23 | PROGRESSIVE CORP | 743315103 | 693,750 | $171.3M | 1.39% |
| 24 | LOWES COS INC | 548661107 | 664,982 | $167.1M | 1.36% |
| 25 | AMERICAN EXPRESS CO | AXP | 474,250 | $157.5M | 1.28% |
| 26 | CATERPILLAR INC | CAT | 318,649 | $152.0M | 1.23% |
| 27 | MARSH & MCLENNAN COS INC | 571748102 | 734,500 | $148.0M | 1.20% |
| 28 | RLI CORP | RLI | 2,201,594 | $143.6M | 1.17% |
| 29 | FRANCO NEV CORP | FNV | 605,500 | $135.0M | 1.10% |
| 30 | TEXAS INSTRS INC | 882508104 | 723,999 | $133.0M | 1.08% |
| 31 | APOLLO GLOBAL MGMT INC | 03769M106 | 990,000 | $131.9M | 1.07% |
| 32 | ALPHABET INC | GOOG | 500,000 | $121.5M | 0.99% |
| 33 | GENERAL DYNAMICS CORP | GD | 347,000 | $118.3M | 0.96% |
| 34 | SCHWAB CHARLES CORP | SCHW-PJ | 1,235,800 | $118.0M | 0.96% |
| 35 | HOME DEPOT INC | HD | 276,906 | $112.2M | 0.91% |
| 36 | JOHNSON & JOHNSON | JNJ | 584,085 | $108.3M | 0.88% |
| 37 | MASTERCARD INCORPORATED | MA | 187,556 | $106.7M | 0.87% |
| 38 | NVR INC | NVR | 11,722 | $94.2M | 0.76% |
| 39 | HEICO CORP NEW | HEI-A | 367,442 | $93.4M | 0.76% |
| 40 | MOODYS CORP | MCO | 192,794 | $91.9M | 0.75% |
| 41 | DOLLAR GEN CORP NEW | 256677105 | 865,750 | $89.5M | 0.73% |
| 42 | LINDE PLC | LIN | 185,450 | $88.1M | 0.71% |
| 43 | ROLLINS INC | ROL | 1,413,300 | $83.0M | 0.67% |
| 44 | ILLINOIS TOOL WKS INC | 452308109 | 310,649 | $81.0M | 0.66% |
| 45 | MSCI INC | MSCI | 141,850 | $80.5M | 0.65% |
| 46 | CARLYLE GROUP INC | CGABL | 1,282,500 | $80.4M | 0.65% |
| 47 | ARCHER DANIELS MIDLAND CO | ADM | 1,335,073 | $79.8M | 0.65% |
| 48 | JPMORGAN CHASE & CO. | VYLD | 252,550 | $79.7M | 0.65% |
| 49 | DIAGEO PLC | DGEAF | 781,394 | $74.6M | 0.61% |
| 50 | S&P GLOBAL INC | SPGI | 149,690 | $72.9M | 0.59% |
| 51 | ALPHABET INC | GOOG | 297,230 | $72.4M | 0.59% |
| 52 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 1,238,500 | $70.5M | 0.57% |
| 53 | ECOLAB INC | ECL | 251,300 | $68.8M | 0.56% |
| 54 | NORFOLK SOUTHN CORP | 655844108 | 227,500 | $68.3M | 0.55% |
| 55 | NOVO-NORDISK A S | NONOF | 1,191,840 | $66.1M | 0.54% |
| 56 | NOVO-NORDISK A S | NONOF | 1,176,809 | $65.3M | 0.53% |
| 57 | INVESTORS TITLE CO NC | ITIC | 213,300 | $57.1M | 0.46% |
| 58 | DIAGEO PLC | DGEAF | 585,314 | $55.9M | 0.45% |
| 59 | BROOKFIELD ASSET MANAGMT LTD | 113004105 | 955,453 | $54.4M | 0.44% |
| 60 | DISNEY WALT CO | 254687106 | 454,237 | $52.0M | 0.42% |
| 61 | ROCKWELL AUTOMATION INC | ROK | 147,000 | $51.4M | 0.42% |
| 62 | HANOVER INS GROUP INC | 410867105 | 275,000 | $49.9M | 0.41% |
| 63 | OLD DOMINION FREIGHT LINE IN | ODFL | 352,750 | $49.7M | 0.40% |
| 64 | STARBUCKS CORP | SBUX | 583,318 | $49.3M | 0.40% |
| 65 | FEDEX CORP | FDX | 209,000 | $49.3M | 0.40% |
| 66 | AON PLC | AON | 128,300 | $45.7M | 0.37% |
| 67 | TYSON FOODS INC | TSN | 838,500 | $45.5M | 0.37% |
| 68 | ACCENTURE PLC IRELAND | ACN | 159,399 | $39.3M | 0.32% |
| 69 | VERISK ANALYTICS INC | VRSK | 153,450 | $38.6M | 0.31% |
| 70 | HAGERTY INC | HGTY | 3,108,000 | $37.5M | 0.30% |
| 71 | COSTCO WHSL CORP NEW | 22160K105 | 39,150 | $36.2M | 0.29% |
| 72 | YUM BRANDS INC | YUM | 226,451 | $34.4M | 0.28% |
| 73 | ALLSTATE CORP | ALL-PJ | 154,550 | $33.2M | 0.27% |
| 74 | FERGUSON ENTERPRISES INC | FERG | 147,000 | $33.0M | 0.27% |
| 75 | SHERWIN WILLIAMS CO | SHW | 94,172 | $32.6M | 0.26% |
| 76 | AMAZON COM INC | AMZN | 148,432 | $32.6M | 0.26% |
| 77 | HCA HEALTHCARE INC | HCA | 75,213 | $32.1M | 0.26% |
| 78 | LOCKHEED MARTIN CORP | LMT | 62,263 | $31.1M | 0.25% |
| 79 | UNITED RENTALS INC | URI | 31,150 | $29.7M | 0.24% |
| 80 | PRICE T ROWE GROUP INC | TROW | 282,000 | $28.9M | 0.23% |
| 81 | RTX CORPORATION | RTX | 169,400 | $28.3M | 0.23% |
| 82 | NIKE INC | NKE | 401,400 | $28.0M | 0.23% |
| 83 | AIRBNB INC | ABNB | 227,133 | $27.6M | 0.22% |
| 84 | UNION PAC CORP | UNP | 115,678 | $27.3M | 0.22% |
| 85 | THERMO FISHER SCIENTIFIC INC | TMO | 55,800 | $27.1M | 0.22% |
| 86 | FACTSET RESH SYS INC | 303075105 | 93,720 | $26.8M | 0.22% |
| 87 | COMCAST CORP NEW | CCZ | 828,780 | $26.0M | 0.21% |
| 88 | VISA INC | V | 76,150 | $26.0M | 0.21% |
| 89 | LAMAR ADVERTISING CO NEW | LAMR | 170,000 | $20.8M | 0.17% |
| 90 | MARRIOTT INTL INC NEW | 571903202 | 73,250 | $19.1M | 0.15% |
| 91 | GOLDMAN SACHS GROUP INC | GSCE | 23,650 | $18.8M | 0.15% |
| 92 | EQUIFAX INC | EFX | 72,850 | $18.7M | 0.15% |
| 93 | PHILIP MORRIS INTL INC | 718172109 | 114,500 | $18.6M | 0.15% |
| 94 | BROWN FORMAN CORP | BF-B | 678,400 | $18.3M | 0.15% |
| 95 | SPOTIFY TECHNOLOGY S A | SPOT | 25,900 | $18.1M | 0.15% |
| 96 | CROWN HLDGS INC | CCK | 186,500 | $18.0M | 0.15% |
| 97 | CAPITAL ONE FINL CORP | 14040H105 | 83,500 | $17.8M | 0.14% |
| 98 | AIR PRODS & CHEMS INC | AIIR | 65,000 | $17.7M | 0.14% |
| 99 | ALPHABET INC | GOOG | 72,000 | $17.5M | 0.14% |
| 100 | RENAISSANCERE HLDGS LTD | RNR-PG | 67,000 | $17.0M | 0.14% |
| 101 | WATSCO INC | WSO-B | 41,600 | $16.8M | 0.14% |
| 102 | META PLATFORMS INC | META | 21,610 | $15.9M | 0.13% |
| 103 | LOWES COS INC | 548661107 | 61,748 | $15.5M | 0.13% |
| 104 | SHOPIFY INC | SHOP | 102,750 | $15.3M | 0.12% |
| 105 | GENERAL DYNAMICS CORP | GD | 44,000 | $15.0M | 0.12% |
| 106 | PROGRESSIVE CORP | 743315103 | 60,000 | $14.8M | 0.12% |
| 107 | WELLS FARGO CO NEW | 949746101 | 172,450 | $14.5M | 0.12% |
| 108 | CISCO SYS INC | CSCO | 207,500 | $14.2M | 0.12% |
| 109 | BLACKROCK INC | BLK | 12,000 | $14.0M | 0.11% |
| 110 | PEPSICO INC | PEP | 96,210 | $13.5M | 0.11% |
| 111 | BANK NEW YORK MELLON CORP | 064058100 | 121,500 | $13.2M | 0.11% |
| 112 | RLI CORP | RLI | 192,950 | $12.6M | 0.10% |
| 113 | CHOICE HOTELS INTL INC | 169905106 | 115,500 | $12.3M | 0.10% |
| 114 | SCHWAB CHARLES CORP | SCHW-PJ | 129,000 | $12.3M | 0.10% |
| 115 | APPLE INC | AAPL | 48,200 | $12.3M | 0.10% |
| 116 | MICROSOFT CORP | MSFT | 23,619 | $12.2M | 0.10% |
| 117 | UBER TECHNOLOGIES INC | UBER | 123,500 | $12.1M | 0.10% |
| 118 | MASTERCARD INCORPORATED | MA | 19,984 | $11.4M | 0.09% |
| 119 | TARGET CORP | TGT | 125,500 | $11.3M | 0.09% |
| 120 | CARRIER GLOBAL CORPORATION | CARR | 180,400 | $10.8M | 0.09% |
| 121 | COMFORT SYS USA INC | 199908104 | 13,000 | $10.7M | 0.09% |
| 122 | ARCHER DANIELS MIDLAND CO | ADM | 170,727 | $10.2M | 0.08% |
| 123 | HERSHEY CO | HSY | 54,500 | $10.2M | 0.08% |
| 124 | PAYCHEX INC | PAYX | 80,000 | $10.1M | 0.08% |
| 125 | CISCO SYS INC | CSCO | 148,000 | $10.1M | 0.08% |
| 126 | CSX CORP | CSX | 285,000 | $10.1M | 0.08% |
| 127 | MOODYS CORP | MCO | 21,096 | $10.1M | 0.08% |
| 128 | SEI INVTS CO | 784117103 | 114,200 | $9.7M | 0.08% |
| 129 | SONY GROUP CORP | SNEJF | 335,000 | $9.6M | 0.08% |
| 130 | HEXCEL CORP NEW | 428291108 | 151,000 | $9.5M | 0.08% |
| 131 | UNITEDHEALTH GROUP INC | UNH | 26,500 | $9.2M | 0.07% |
| 132 | RTX CORPORATION | RTX | 54,600 | $9.1M | 0.07% |
| 133 | SCOTTS MIRACLE-GRO CO | SMG | 159,000 | $9.1M | 0.07% |
| 134 | IQVIA HLDGS INC | IQV | 46,900 | $8.9M | 0.07% |
| 135 | BROWN FORMAN CORP | BF-B | 328,787 | $8.9M | 0.07% |
| 136 | PAYCHEX INC | PAYX | 70,000 | $8.9M | 0.07% |
| 137 | NORFOLK SOUTHN CORP | 655844108 | 29,000 | $8.7M | 0.07% |
| 138 | CME GROUP INC | CME | 32,000 | $8.6M | 0.07% |
| 139 | TRANSUNION | TRU | 98,050 | $8.2M | 0.07% |
| 140 | OTIS WORLDWIDE CORP | OTIS | 87,320 | $8.0M | 0.06% |
| 141 | CBOE GLOBAL MKTS INC | 12503M108 | 28,500 | $7.0M | 0.06% |
| 142 | FACTSET RESH SYS INC | 303075105 | 23,000 | $6.6M | 0.05% |
| 143 | INSPERITY INC | NSP | 131,728 | $6.5M | 0.05% |
| 144 | ECOLAB INC | ECL | 23,000 | $6.3M | 0.05% |
| 145 | GRAHAM HLDGS CO | GHM | 5,200 | $6.1M | 0.05% |
| 146 | HUNTINGTON INGALLS INDS INC | 446413106 | 20,500 | $5.9M | 0.05% |
| 147 | BLACKSTONE INC | BX | 34,500 | $5.9M | 0.05% |
| 148 | CARMAX INC | KMX | 129,500 | $5.8M | 0.05% |
| 149 | APPLIED MATLS INC | 038222105 | 26,250 | $5.4M | 0.04% |
| 150 | SEI INVTS CO | 784117103 | 59,000 | $5.0M | 0.04% |
| 151 | JOHNSON & JOHNSON | JNJ | 26,715 | $5.0M | 0.04% |
| 152 | ADOBE INC | ADBE | 14,000 | $4.9M | 0.04% |
| 153 | CATERPILLAR INC | CAT | 10,001 | $4.8M | 0.04% |
| 154 | BERKLEY W R CORP | WRB-PH | 60,750 | $4.7M | 0.04% |
| 155 | EASTMAN CHEM CO | EMN | 70,950 | $4.5M | 0.04% |
| 156 | BROWN FORMAN CORP | BF-B | 164,600 | $4.4M | 0.04% |
| 157 | ILLINOIS TOOL WKS INC | 452308109 | 16,851 | $4.4M | 0.04% |
| 158 | COMCAST CORP NEW | CCZ | 133,100 | $4.2M | 0.03% |
| 159 | MARSH & MCLENNAN COS INC | 571748102 | 20,500 | $4.1M | 0.03% |
| 160 | BROWN FORMAN CORP | BF-B | 145,400 | $3.9M | 0.03% |
| 161 | ROLLINS INC | ROL | 62,475 | $3.7M | 0.03% |
| 162 | LINDE PLC | LIN | 7,400 | $3.5M | 0.03% |
| 163 | EAGLE MATLS INC | 26969P108 | 14,750 | $3.4M | 0.03% |
| 164 | STARBUCKS CORP | SBUX | 40,500 | $3.4M | 0.03% |
| 165 | ACUITY INC | AYI | 9,750 | $3.4M | 0.03% |
| 166 | AMERICAN EXPRESS CO | AXP | 10,000 | $3.3M | 0.03% |
| 167 | PRICE T ROWE GROUP INC | TROW | 32,000 | $3.3M | 0.03% |
| 168 | CARRIER GLOBAL CORPORATION | CARR | 54,600 | $3.3M | 0.03% |
| 169 | NIKE INC | NKE | 46,000 | $3.2M | 0.03% |
| 170 | HEICO CORP NEW | HEI-A | 12,202 | $3.1M | 0.03% |
| 171 | MGM RESORTS INTERNATIONAL | MGM | 87,500 | $3.0M | 0.02% |
| 172 | APOLLO GLOBAL MGMT INC | 03769M106 | 22,500 | $3.0M | 0.02% |
| 173 | CARLYLE GROUP INC | CGABL | 44,500 | $2.8M | 0.02% |
| 174 | ROCKWELL AUTOMATION INC | ROK | 7,900 | $2.8M | 0.02% |
| 175 | ANALOG DEVICES INC | ADI | 11,000 | $2.7M | 0.02% |
| 176 | WELLS FARGO CO NEW | 949746101 | 32,000 | $2.7M | 0.02% |
| 177 | UNION PAC CORP | UNP | 11,100 | $2.6M | 0.02% |
| 178 | SYSCO CORP | SYY | 30,500 | $2.5M | 0.02% |
| 179 | OTIS WORLDWIDE CORP | OTIS | 27,300 | $2.5M | 0.02% |
| 180 | HEXCEL CORP NEW | 428291108 | 38,000 | $2.4M | 0.02% |
| 181 | DOMINOS PIZZA INC | DPZ | 5,500 | $2.4M | 0.02% |
| 182 | CANADIAN NATL RY CO | 136375102 | 25,000 | $2.4M | 0.02% |
| 183 | KKR & CO INC | KKRT | 18,000 | $2.3M | 0.02% |
| 184 | CANADIAN PACIFIC KANSAS CITY | CP | 31,000 | $2.3M | 0.02% |
| 185 | BRUNSWICK CORP | BC-PC | 33,500 | $2.1M | 0.02% |
| 186 | CAPITAL ONE FINL CORP | 14040H105 | 7,500 | $1.6M | 0.01% |
| 187 | NVR INC | NVR | 175 | $1.4M | 0.01% |
| 188 | HANOVER INS GROUP INC | 410867105 | 6,000 | $1.1M | 0.01% |
| 189 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 5,620 | $946,858 | 0.01% |
| 190 | FEDEX CORP | FDX | 4,000 | $943,240 | 0.01% |
| 191 | OLD DOMINION FREIGHT LINE IN | ODFL | 6,000 | $844,680 | 0.01% |
| 192 | RENAISSANCERE HLDGS LTD | RNR-PG | 3,000 | $761,790 | 0.01% |
| 193 | LPL FINL HLDGS INC | 50212V100 | 2,289 | $761,527 | 0.01% |
| 194 | TARGET CORP | TGT | 7,500 | $672,750 | 0.01% |
| 195 | VERISK ANALYTICS INC | VRSK | 2,500 | $628,775 | 0.01% |
| 196 | MSCI INC | MSCI | 1,000 | $567,410 | 0.00% |
| 197 | TYSON FOODS INC | TSN | 10,000 | $543,000 | 0.00% |
| 198 | AON PLC | AON | 1,500 | $534,870 | 0.00% |
| 199 | SCOTTS MIRACLE-GRO CO | SMG | 9,000 | $512,550 | 0.00% |
| 200 | S&P GLOBAL INC | SPGI | 1,000 | $486,710 | 0.00% |
| 201 | DOLLAR GEN CORP NEW | 256677105 | 3,500 | $361,725 | 0.00% |
| 202 | EXXON MOBIL CORP | XOM | 3,000 | $338,250 | 0.00% |
| 203 | CARMAX INC | KMX | 7,000 | $314,090 | 0.00% |
| 204 | CROWN HLDGS INC | CCK | 3,000 | $289,770 | 0.00% |
| 205 | EASTMAN CHEM CO | EMN | 4,000 | $252,200 | 0.00% |
| 206 | TRANSUNION | TRU | 3,000 | $251,340 | 0.00% |
| 207 | ACCENTURE PLC IRELAND | ACN | 1 | $247 | 0.00% |
| 208 | TEXAS INSTRS INC | 882508104 | 1 | $184 | 0.00% |