MARKEL GROUP INC. 13F: Quarter-over-Quarter Portfolio Changes
MARKEL GROUP INC. reported a disclosed portfolio value of approximately $11.9 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 4.8% quarter on quarter. Over the quarter, the company initiated 4 new positions, bought more shares in 43 holdings, trimmed 2 holdings, and exited 3 positions.
MARKEL GROUP INC.'s top buy was a new stake in Sunbelt Rentals Holdings INC (SUNB) , equal to 0.5% of the disclosed portfolio. Its top sell was Target CORP (TGT) . The company exited the position completely after it had accounted for 0.1% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| SUNBELT RENTALS HOLDINGS INC | SUNB | 0.5% | Holders → |
| MERCADOLIBRE INC | MELI | 0.1% | Holders → |
| ENTERPRISE PRODS PARTNERS L | EPD | 0.1% | Holders → |
| WEYERHAEUSER CO | WY | 0.0% | Holders → |
Top BuysQ1 2026
Showing the top 10 buys among 43 existing positions where the company bought more shares in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| INTERCONTINENTAL EXCHANGE IN | ICE | +0.0% | +38.3% | Holders → |
| BROWN & BROWN, INC. | BRO | +0.0% | +27.3% | Holders → |
| EXXON MOBIL CORP | XOM | +0.0% | +23.7% | Holders → |
| CSX CORP | CSX | +0.1% | +20.5% | Holders → |
| CANADIAN NATL RY CO | CNI | +0.0% | +20.2% | Holders → |
| INSPERITY INC | NSP | +-0.0% | +18.6% | Holders → |
| CANADIAN PACIFIC KANSAS CITY | CP | +0.0% | +17.8% | Holders → |
| HERSHEY CO | HSY | +0.0% | +11.1% | Holders → |
| FACTSET RESH SYS INC | FDS | +-0.0% | +11.1% | Holders → |
| CME GROUP INC | CME | +0.0% | +8.7% | Holders → |
Top SellsQ1 2026
The company's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| UNITEDHEALTH GROUP | UNH | -0.0% | 29.4% | Holders → |
| S&P GLOBAL INC | SPGI | -0.2% | 21.9% | Holders → |
Full ExitsQ1 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 | 0.1% |
| CHOICE HOTELS INTL INC | CHH | 0.1% |
| TRANSUNION | TRU | 0.0% |
Net Portfolio Value ChangeQ1 2026
- $12.5BPrior quarter
- $11.9BCurrent quarter
- $-0.6BNet delta
- -4.8%% change
Methodology & FAQ
How MARKEL GROUP INC. Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for MARKEL GROUP INC.: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did MARKEL GROUP INC. buy in Q1 2026?
In Q1 2026, MARKEL GROUP INC. initiated 4 new positions (SUNBELT RENTALS HOLDINGS INC (SUNB), MERCADOLIBRE INC (MELI), ENTERPRISE PRODS PARTNERS L (EPD), WEYERHAEUSER CO (WY)); bought more shares of INTERCONTINENTAL EXCHANGE IN (ICE), BROWN & BROWN, INC. (BRO), EXXON MOBIL CORP (XOM), CSX CORP (CSX), CANADIAN NATL RY CO (CNI) — the largest 5 of 43 adds.
What stocks did MARKEL GROUP INC. sell in Q1 2026?
In Q1 2026, MARKEL GROUP INC. fully sold 3 positions (TARGET CORP (TGT), CHOICE HOTELS INTL INC (CHH), TRANSUNION (TRU)); reduced holdings in UNITEDHEALTH GROUP (UNH), S&P GLOBAL INC (SPGI).
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, 0.5%), MERCADOLIBRE INC (MELI, 0.1%), ENTERPRISE PRODS PARTNERS L (EPD, 0.1%), WEYERHAEUSER CO (WY, 0.0%).
Which existing positions saw the largest allocation increases for MARKEL GROUP INC. in Q1 2026?
Of 43 existing positions with share-count increases in Q1 2026, the largest were: INTERCONTINENTAL EXCHANGE IN (ICE, +0.0% weight, +38.3% shares), BROWN & BROWN, INC. (BRO, +0.0% weight, +27.3% shares), EXXON MOBIL CORP (XOM, +0.0% weight, +23.7% shares), CSX CORP (CSX, +0.1% weight, +20.5% shares), CANADIAN NATL RY CO (CNI, +0.0% weight, +20.2% shares), INSPERITY INC (NSP, +-0.0% weight, +18.6% shares), CANADIAN PACIFIC KANSAS CITY (CP, +0.0% weight, +17.8% shares), HERSHEY CO (HSY, +0.0% weight, +11.1% shares), FACTSET RESH SYS INC (FDS, +-0.0% weight, +11.1% shares), CME GROUP INC (CME, +0.0% weight, +8.7% 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 0.1%), CHOICE HOTELS INTL INC (CHH, last-reported weight 0.1%), TRANSUNION (TRU, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for MARKEL GROUP INC. in Q1 2026?
Of 2 existing positions with share-count reductions in Q1 2026, the largest were: UNITEDHEALTH GROUP (UNH, -0.0% weight, -29.4% shares), S&P GLOBAL INC (SPGI, -0.2% weight, -21.9% 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. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.