Markel Group Inc.: which funds bought and sold

Institutions that bought and sold Markel Group shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 411 institutions that filed 13F reports for both quarters added to or opened positions in Markel Group, and 403 cut or closed them. Together they sold a net 11K shares, −0.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 15K shares (−0.7%); index fund managers were net sellers of 9,924 shares (−0.4%). 92 opened a new position and 88 sold out entirely.

Bought, Q2 2026 411 institutions, 92 of them new holders Sold, Q2 2026 403 institutions, 88 of them sold out

Net change, all compared −11K shares (−0.1%)

Net change, active managers −15K shares (−0.7%), 37 bought, 44 sold

Buyers versus sellers

institutions compared, 1,000

411 bought 186 403 sold

Active managers and hedge funds 37 bought · 44 sold · −15K

Index fund managers 5 bought · 5 sold · −9,924

Other institutions 369 bought · 354 sold · +14K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Check Capital Management Inc	+161K +209.1%	238K	$464M
Troy Asset Management Ltd Active manager	+62K New position	62K	$120M
Boston Partners Active manager	+57K +22.5%	308K	$601M
Goldman Sachs Group Inc	+39K +79.1%	88K	$172M
Neuberger Berman Group LLC Active manager	+35K +7061.5%	35K	$68.7M
Jane Street Group, LLC	+30K +87.1%	65K	$127M
Pfa Pension, Forsikringsaktieselskab	+29K New position	29K	$57.2M
Woodline Partners LP Hedge fund	+27K +5387.6%	27K	$52.7M
Arrowstreet Capital, Limited Partnership Hedge fund	+25K +221.5%	37K	$72M
Madison Avenue Partners, LP Hedge fund	+24K +27.8%	112K	$219M
Davis Selected Advisers Active manager	+23K +6.1%	407K	$794M
AQR Capital Management LLC Hedge fund	+23K +177.5%	36K	$70.9M
Davis Asset Management, L.P.	+21K +30.4%	92K	$180M
Millennium Management LLC Hedge fund	+15K +97.4%	30K	$58.1M
Squarepoint Ops LLC Hedge fund	+12K +144.9%	20K	$38.3M
Graham Holdings Co	+8,363 +15.1%	64K	$125M
Adage Capital Partners Gp, L.L.C. Hedge fund	+8,000 New position	8,000	$15.6M
Susquehanna International Group, LLP	+7,532 +83.1%	17K	$32.4M
Quilter PLC	+7,225 +18.7%	46K	$89.6M
Assenagon Asset Management S.A.	+7,108 +133.0%	12K	$24.3M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Troy Asset Management Ltd Active manager	+62K New position	62K	$120M
Boston Partners Active manager	+57K +22.5%	308K	$601M
Neuberger Berman Group LLC Active manager	+35K +7061.5%	35K	$68.7M
Woodline Partners LP Hedge fund	+27K +5387.6%	27K	$52.7M
Arrowstreet Capital, Limited Partnership Hedge fund	+25K +221.5%	37K	$72M
Madison Avenue Partners, LP Hedge fund	+24K +27.8%	112K	$219M
Davis Selected Advisers Active manager	+23K +6.1%	407K	$794M
AQR Capital Management LLC Hedge fund	+23K +177.5%	36K	$70.9M
Millennium Management LLC Hedge fund	+15K +97.4%	30K	$58.1M
Squarepoint Ops LLC Hedge fund	+12K +144.9%	20K	$38.3M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
T. Rowe Price Investment Management, Inc. Active manager	−155K Sold out	0	—
Principal Financial Group Inc	−94K −23.4%	308K	$601M
Marshall Wace, LLP Hedge fund	−48K −89.0%	5,929	$11.6M
Select Equity Group, L.P. Active manager	−46K −12.2%	332K	$648M
Qube Research & Technologies Ltd Hedge fund	−38K −53.4%	33K	$65.2M
Epoch Investment Partners, Inc.	−36K −61.8%	22K	$43.5M
TD Asset Management Inc	−30K −61.3%	19K	$37.1M
Caisse De Depot Et Placement Du Quebec	−25K −84.8%	4,513	$8.8M
National Pension Service	−18K −87.5%	2,573	$5M
Bank Of America Corp	−17K −12.9%	119K	$232M
Baillie Gifford & Co Active manager	−17K −9.8%	158K	$308M
Blackrock, Inc. Index funds	−13K −1.8%	698K	$1.4B
California Public Employees Retirement System	−13K −40.9%	18K	$35.7M
Giverny Capital Inc. Active manager	−12K −28.1%	31K	$60.3M
Anchor Capital Advisors LLC	−9,608 −29.6%	23K	$44.6M
Mitsubishi Ufj Trust & Banking Corp	−9,541 −52.6%	8,592	$16.8M
Renaissance Technologies LLC Hedge fund	−9,320 −26.9%	25K	$49.4M
UBS Group AG	−8,471 −16.1%	44K	$86.5M
Legal & General Group PLC	−8,115 −11.5%	63K	$122M
Korea Investment Corp	−7,907 −56.6%	6,075	$11.9M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
T. Rowe Price Investment Management, Inc. Active manager	−155K Sold out	0	—
Marshall Wace, LLP Hedge fund	−48K −89.0%	5,929	$11.6M
Select Equity Group, L.P. Active manager	−46K −12.2%	332K	$648M
Qube Research & Technologies Ltd Hedge fund	−38K −53.4%	33K	$65.2M
Baillie Gifford & Co Active manager	−17K −9.8%	158K	$308M
Giverny Capital Inc. Active manager	−12K −28.1%	31K	$60.3M
Renaissance Technologies LLC Hedge fund	−9,320 −26.9%	25K	$49.4M
Exoduspoint Capital Management, LP Hedge fund	−6,340 −89.1%	772	$1.5M
Martingale Asset Management L P Active manager	−6,133 −79.9%	1,541	$3M
Prana Capital Management, LP Hedge fund	−4,615 Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Troy Asset Management LtdActive manager	62K	$120M
Pfa Pension, Forsikringsaktieselskab	29K	$57.2M
Adage Capital Partners Gp, L.L.C.Hedge fund	8,000	$15.6M
Tudor Investment Corp Et AlHedge fund	3,971	$7.8M
HRT Financial LP	3,790	$7.4M
Trexquant Investment LPHedge fund	3,025	$5.9M
Magnolia Group, LLC	2,100	$4.1M
Machina Capital S.A.S.	1,018	$2M
Asr Vermogensbeheer N.V.	857	$1.7M
Axxcess Wealth Management, LLC	849	$1.7M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
T. Rowe Price Investment Management, Inc.Active manager	155K	$297M
Tredje Ap-Fonden	5,365	$10.3M
Chapman Investment Management, LLC	4,760	$9.1M
Prana Capital Management, LPHedge fund	4,615	$8.8M
Donaldson Capital Management, LLC	4,227	$8.1M
Lighthouse Investment Partners, LLCHedge fund	4,004	$7.7M
Hennessy Advisors Inc	3,900	$7.5M
Tran Capital Management, L.P.	3,670	$7M
Hi-Line Capital Management, LLC	3,607	$6.9M
Motley Fool Wealth Management, LLC	3,346	$6.4M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 922
Ten largest holders: 41.0%
Index fund managers: 26.0%
Active managers and hedge funds: 22.7%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	37	44	9	11	−15K	−0.7%
Index fund managers	5	5	0	0	−9,924	−0.4%
Other institutions	369	354	83	77	+14K	+0.3%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Markel Group.

Only managers that filed a holdings report for both quarters are compared (1,000 here). 32 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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