13F filing recap · Q4 2025

What did Markel Group buy in Q4 2025?

Reported stock-position changes between this filing and the previous one.

Stock value

$12.54B

Positions

128

Estimated turnover

3.7%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Markel Group opened a new position in Brown & Brown and exited Adobe and FedEx. It substantially increased its Brookfield Corporation stake, while moderately trimming Analog Devices and Meta Platforms. The period also saw additions to Microsoft, LPL Financial, and Watsco, among others.

New positions

BROBrown & Brown, Inc.$876.7Kreported value+11.0K shares

Increased positions

BNBrookfield Corporation$599.95Mreported value+4.36M shares+50.0%MSFTMicrosoft Corporation$259.07Mreported value+3.6K shares+0.7%LPLALpl Financial Holdings Inc.$200.00Mreported value+6.6K shares+1.2%WSOWatsco Inc$194.65Mreported value+12.5K shares

Reduced positions

ADIAnalog Devices, Inc.$277.50Mreported value-144.4K shares-12.4%METAMeta Platforms, Inc.$163.90Mreported value-32.0K shares-11.4%TRUTransunion$171.5Kreported value-99.0K shares-98.0%

Exited positions

FDXFedex Corporation$50.23Mprior reported value-213.0K shares-100.0%ADBEAdobe Inc.$4.94Mprior reported value-14.0K shares-100.0%