MARKEL GROUP INC. — Quarter-over-Quarter 13F Allocation Shifts Q1 2026
In Q1 2026, MARKEL GROUP INC. initiated 4 new positions, increased allocation to 10 existing positions, trimmed 2 positions, and exited 3 positions entirely. The fund's 13F equity book declined from $12.54B to $11.94B (-4.8% QoQ) . All deltas are sourced from sequential SEC Form 13F-HR filings; share-count changes reflect explicit trading activity, while weight changes can also include price movement. This page lists every position change reported — the portfolio overview shows a summary of the top shifts.
Net Portfolio Value Change
- $12.54BPrior quarter
- $11.94BCurrent quarter
- $-0.61BNet delta
- -4.8%% change
New Position Initiations Q1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Allocation Weight | History |
|---|---|---|---|
| SUNBELT RENTALS HOLDINGS INC | SUNB | 0.53% | Holders → |
| MERCADOLIBRE INC | MELI | 0.08% | Holders → |
| ENTERPRISE PRODS PARTNERS L | EPD | 0.06% | Holders → |
| WEYERHAEUSER CO MTN BE | WY | 0.00% | Holders → |
Largest Allocation Increases Q1 2026
Largest portfolio-weight increases in existing positions. Share-count delta is shown separately so price-only re-weighting can be distinguished from active adds.
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| INTERCONTINENTAL EXCHANGE IN | ICE | +0.01% | +38.33% | Holders → |
| BROWN & BROWN INC | BRO | +0.00% | +27.27% | Holders → |
| EXXON MOBIL CORP | XOM | +0.03% | +23.68% | Holders → |
| CSX CORP | CSX | +0.06% | +20.45% | Holders → |
| CANADIAN NATL RY CO | CNI | +0.01% | +20.22% | Holders → |
| INSPERITY INC | NSP | +-0.01% | +18.62% | Holders → |
| CANADIAN PACIFIC KANSAS CITY | CP | +0.01% | +17.82% | Holders → |
| HERSHEY CO | HSY | +0.03% | +11.11% | Holders → |
| FACTSET RESH SYS INC | FDS | +-0.04% | +11.08% | Holders → |
| CME GROUP INC | CME | +0.02% | +8.74% | Holders → |
Largest Allocation Reductions Q1 2026
Largest portfolio-weight decreases in existing positions (positions kept open at a lower allocation).
| Company | Ticker | Δ Weight | Δ Shares | History |
|---|---|---|---|---|
| UNITEDHEALTH GROUP INC | UNH | -0.03% | -29.43% | Holders → |
| S&P GLOBAL INC | SPGI | -0.21% | -21.90% | Holders → |
Exited Positions Q1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| TARGET CORP | TGT | 0.10% |
| CHOICE HOTELS INTL INC | CHH | 0.09% |
| TRANSUNION | TRU | 0.00% |
Methodology & FAQ
How MARKEL GROUP INC. Quarterly Changes Are Computed
Each row above is computed by joining the most recent 13F-HR filing for MARKEL GROUP INC. against the immediately preceding quarterly filing for the same fund. Portfolio weights are normalized to exclude listed options for comparability. A complete description of the methodology — including how confidential treatment filings are handled and why share count rather than weight is the cleaner trading signal — is documented in the Methodology.
Which positions did MARKEL GROUP INC. initiate in Q1 2026?
MARKEL GROUP INC. established 4 new positions in Q1 2026: SUNBELT RENTALS HOLDINGS INC (SUNB, 0.53%), MERCADOLIBRE INC (MELI, 0.08%), ENTERPRISE PRODS PARTNERS L (EPD, 0.06%), WEYERHAEUSER CO MTN BE (WY, 0.00%).
Which existing positions saw the largest allocation increases for MARKEL GROUP INC. in Q1 2026?
The largest portfolio-weight increases in existing positions were: INTERCONTINENTAL EXCHANGE IN (ICE, +0.01% weight, +38.33% shares), BROWN & BROWN INC (BRO, +0.00% weight, +27.27% shares), EXXON MOBIL CORP (XOM, +0.03% weight, +23.68% shares), CSX CORP (CSX, +0.06% weight, +20.45% shares), CANADIAN NATL RY CO (CNI, +0.01% weight, +20.22% shares), INSPERITY INC (NSP, +-0.01% weight, +18.62% shares), CANADIAN PACIFIC KANSAS CITY (CP, +0.01% weight, +17.82% shares), HERSHEY CO (HSY, +0.03% weight, +11.11% shares), FACTSET RESH SYS INC (FDS, +-0.04% weight, +11.08% shares), CME GROUP INC (CME, +0.02% weight, +8.74% shares).
Which positions did MARKEL GROUP INC. fully exit in Q1 2026?
MARKEL GROUP INC. fully exited 3 positions in Q1 2026: TARGET CORP (TGT, last-reported weight 0.10%), CHOICE HOTELS INTL INC (CHH, last-reported weight 0.09%), TRANSUNION (TRU, last-reported weight 0.00%).
Which existing positions saw the largest allocation reductions for MARKEL GROUP INC. in Q1 2026?
The largest portfolio-weight reductions in positions kept open were: UNITEDHEALTH GROUP INC (UNH, -0.03% weight, -29.43% shares), S&P GLOBAL INC (SPGI, -0.21% weight, -21.90% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity.