0000950123-19-001026.txt : 20190208
0000950123-19-001026.hdr.sgml : 20190208
20190208170538
ACCESSION NUMBER: 0000950123-19-001026
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20181231
FILED AS OF DATE: 20190208
DATE AS OF CHANGE: 20190208
EFFECTIVENESS DATE: 20190208
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: MARKEL CORP
CENTRAL INDEX KEY: 0001096343
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
IRS NUMBER: 541959284
STATE OF INCORPORATION: VA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-06647
FILM NUMBER: 19580863
BUSINESS ADDRESS:
STREET 1: 4521 HIGHWOODS PARKWAY
CITY: GLEN ALLEN
STATE: VA
ZIP: 23060-6148
BUSINESS PHONE: 8047470136
MAIL ADDRESS:
STREET 1: 4521 HIGHWOODS PKWY
CITY: GLEN ALLEN
STATE: VA
ZIP: 23060
FORMER COMPANY:
FORMER CONFORMED NAME: MARKEL HOLDINGS INC
DATE OF NAME CHANGE: 19991005
13F-HR
1
primary_doc.xml
13F-HR
LIVE
false
true
false
0001096343
XXXXXXXX
12-31-2018
12-31-2018
MARKEL CORP
4521 Highwoods Pkwy
Glen Allen
VA
23060
13F HOLDINGS REPORT
028-06647
N
Thomas S. Gayner
Co-Chief Executive Officer
804-527-3806
/s/ Thomas S. Gayner
Glen Allen
VA
02-08-2019
1
242
5233817
false
1
028-06056
Markel Gayner Asset Management Corporation
INFORMATION TABLE
2
form13fInfoTable.xml
INFORMATION TABLE FOR FORM 13F
3M Company
COM
88579Y101
14290
75000
SH
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75000
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0
3M Company
COM
88579Y101
24580
129000
SH
DFND
1
129000
0
0
Accenture
COM
G1151C101
9462
67100
SH
SOLE
67100
0
0
Accenture
COM
G1151C101
13015
92300
SH
DFND
1
92300
0
0
Activision Blizzard Inc
COM
00507V109
84
1800
SH
SOLE
1800
0
0
Activision Blizzard Inc
COM
00507V109
8196
176000
SH
DFND
1
176000
0
0
Albemarle Corp
COM
012653101
5626
73000
SH
DFND
1
73000
0
0
Alleghany Corporation
COM
017175100
2698
4328
SH
SOLE
4328
0
0
Alphabet Inc
COM
02079K107
11132
10749
SH
SOLE
10749
0
0
Alphabet Inc
COM
02079K107
108159
104440
SH
DFND
1
104440
0
0
Alphabet Inc Class A
COM
02079K305
3448
3300
SH
SOLE
3300
0
0
Alphabet Inc Class A
COM
02079K305
9614
9200
SH
DFND
1
9200
0
0
Amazon.com
COM
023135106
18624
12400
SH
SOLE
12400
0
0
Amazon.com
COM
023135106
116170
77345
SH
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1
77345
0
0
American Express
COM
025816109
953
10000
SH
SOLE
10000
0
0
American Express
COM
025816109
35840
376000
SH
DFND
1
376000
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American Tower
COM
03027X100
158
1000
SH
SOLE
1000
0
0
American Tower
COM
03027X100
5458
34500
SH
DFND
1
34500
0
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Analog Devices Inc
COM
032654105
17472
203565
SH
SOLE
203565
0
0
Analog Devices Inc
COM
032654105
42593
496246
SH
DFND
1
496246
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Anthem Inc
COM
036752103
7616
29000
SH
SOLE
29000
0
0
Anthem Inc
COM
036752103
51213
195000
SH
DFND
1
195000
0
0
Aon Corporation
COM
G0408V102
5378
37000
SH
DFND
1
37000
0
0
Apollo Global Management - A
COM
037612306
552
22500
SH
SOLE
22500
0
0
Apollo Global Management - A
COM
037612306
23215
946000
SH
DFND
1
946000
0
0
Apple Inc
COM
037833100
1901
12050
SH
SOLE
12050
0
0
Apple Inc
COM
037833100
22752
144235
SH
DFND
1
144235
0
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Archer Daniels
COM
039483102
24336
594000
SH
SOLE
594000
0
0
Archer Daniels
COM
039483102
35615
869300
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1
869300
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Automatic Data Processing
COM
053015103
16652
127000
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SOLE
127000
0
0
Automatic Data Processing
COM
053015103
52933
403700
SH
DFND
1
403700
0
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Autonation Inc
COM
05329W102
43
1200
SH
SOLE
1200
0
0
Autonation Inc
COM
05329W102
1027
28760
SH
DFND
1
28760
0
0
Berkshire Hathaway Class B
COM
084670702
135090
661620
SH
SOLE
661620
0
0
Berkshire Hathaway Class B
COM
084670702
175008
857127
SH
DFND
1
857127
0
0
Berkshire Hathaway, Inc.
COM
084670108
104040
340
SH
SOLE
340
0
0
Berkshire Hathaway, Inc.
COM
084670108
231336
756
SH
DFND
1
756
0
0
Blackrock Inc
COM
09247X101
4714
12000
SH
SOLE
12000
0
0
Blackrock Inc
COM
09247X101
72161
183700
SH
DFND
1
183700
0
0
Blackstone Group
COM
09253U108
1028
34500
SH
SOLE
34500
0
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Blackstone Group
COM
09253U108
32240
1081500
SH
DFND
1
1081500
0
0
Boeing Co
COM
097023105
3838
11900
SH
SOLE
11900
0
0
Boeing Co
COM
097023105
26606
82500
SH
DFND
1
82500
0
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Booking Holdings Inc
COM
09857L108
431
250
SH
DFND
1
250
0
0
Brookfield Asset Management
COM
112585104
57708
1504782
SH
SOLE
1504782
0
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Brookfield Asset Management
COM
112585104
159895
4169359
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DFND
1
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COM
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23359
492600
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492600
0
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Brown Forman Class A
COM
115637100
16616
350400
SH
DFND
1
350400
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COM
115637209
10789
226750
SH
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226750
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Brown-Forman Class B
COM
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247437
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DFND
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CDK Global Inc
COM
12508E101
2027
42333
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SOLE
42333
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CDK Global Inc
COM
12508E101
6443
134564
SH
DFND
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134564
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CME Group Inc
COM
12572Q105
941
5000
SH
SOLE
5000
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CME Group Inc
COM
12572Q105
24456
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SH
DFND
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CVS Corporation
COM
126650100
131
2000
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CVS Corporation
COM
126650100
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DFND
1
273000
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Cable One
COM
12685J105
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SH
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Carmax
COM
143130102
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Carmax
COM
143130102
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COM
149123101
1271
10000
SH
SOLE
10000
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Caterpillar Inc
COM
149123101
34055
268000
SH
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Charles Schwab
COM
808513105
4984
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120000
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Charles Schwab
COM
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38918
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Chipotle Mexican Grill Inc
COM
169656105
3541
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Choice Hotels Intl Inc
COM
169905106
215
3000
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Choice Hotels Intl Inc
COM
169905106
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114500
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Cisco
COM
17275R102
6413
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148000
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Cisco
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17275R102
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194000
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Citigroup Inc
COM
172967424
69
1320
SH
SOLE
1320
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Citigroup Inc
COM
172967424
638
12250
SH
DFND
1
12250
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Colfax Corporation
COM
194014106
22678
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SH
SOLE
1085070
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Colfax Corporation
COM
194014106
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SH
DFND
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Comcast Corp- Class A
COM
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103000
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103000
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Comcast Corp- Class A
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296000
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296000
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Costco
COM
22160K105
2648
13000
SH
SOLE
13000
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Costco
COM
22160K105
5296
26000
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DFND
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Crown Holdings Inc
COM
228368106
624
15000
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15000
0
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DR Horton Inc
COM
23331A109
29
850
SH
SOLE
850
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DR Horton Inc
COM
23331A109
284
8207
SH
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1
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Delta Air Lines
COM
247361702
299
6000
SH
SOLE
6000
0
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Delta Air Lines
COM
247361702
2395
48000
SH
DFND
1
48000
0
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Diageo PLC
COM
25243Q205
83421
588300
SH
SOLE
588300
0
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Diageo PLC
COM
25243Q205
107981
761500
SH
DFND
1
761500
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Discovery Communications
COM
25470F302
346
15000
SH
SOLE
15000
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Discovery Communications
COM
25470F302
26680
1156000
SH
DFND
1
1156000
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Disney
COM
254687106
37796
344700
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344700
0
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Disney
COM
254687106
159628
1455800
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DFND
1
1455800
0
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Dollar Tree Inc
COM
256746108
1174
13000
SH
SOLE
13000
0
0
Dollar Tree Inc
COM
256746108
9935
110000
SH
DFND
1
110000
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Ecolab
COM
278865100
3389
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SOLE
23000
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Ecolab
COM
278865100
36366
246800
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DFND
1
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0
Electronic Arts Inc
COM
285512109
71
900
SH
SOLE
900
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Electronic Arts Inc
COM
285512109
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DFND
1
104500
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Equifax Inc
COM
294429105
233
2500
SH
DFND
1
2500
0
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Facebook
COM
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18610
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18610
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Facebook
COM
30303M102
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119920
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119920
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Factset Research
COM
303075105
4603
23000
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Factset Research
COM
303075105
18612
93000
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93000
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General Dynamics
COM
369550108
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General Dynamics
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53923
343000
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DFND
1
343000
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Goldman Sachs
COM
38141G104
2982
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17850
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Goldman Sachs
COM
38141G104
18053
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108070
0
0
Graham Holdings Co
COM
384637104
3331
5200
SH
DFND
1
5200
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0
Hasbro, Inc
COM
418056107
8482
104400
SH
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104400
0
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Hasbro, Inc
COM
418056107
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259600
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COM
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201
5000
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Healthcare Services Group
COM
421906108
5665
141000
SH
DFND
1
141000
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0
Heico Corp Class A
COM
422806208
485
7702
SH
SOLE
7702
0
0
Heico Corp Class A
COM
422806208
17920
284443
SH
DFND
1
284443
0
0
Hexcel Corp
COM
428291108
229
4000
SH
SOLE
4000
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0
Hexcel Corp
COM
428291108
7454
130000
SH
DFND
1
130000
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Home Depot
COM
437076102
6357
37000
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37000
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Home Depot
COM
437076102
151717
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Illinois Tool Works
COM
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10769
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85000
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Illinois Tool Works
COM
452308109
18370
145000
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145000
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Illumina Inc
COM
452327109
300
1000
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Intl Flavors & Fragrances
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459506101
2014
15000
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Investors Title Company
COM
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213300
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JP Morgan
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46625H100
17864
183000
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1
183000
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John Deere
COM
244199105
6713
45000
SH
SOLE
45000
0
0
John Deere
COM
244199105
156688
1050400
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1050400
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Johnson and Johnson
COM
478160104
14738
114200
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SOLE
114200
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Johnson and Johnson
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478160104
64086
496600
SH
DFND
1
496600
0
0
KKR & Co LLC
COM
48251W104
353
18000
SH
SOLE
18000
0
0
KKR & Co LLC
COM
48251W104
24007
1223000
SH
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1223000
0
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Liberty Broadband A
COM
530307107
1562
21750
SH
SOLE
21750
0
0
Liberty Broadband A
COM
530307107
13177
183500
SH
DFND
1
183500
0
0
Liberty Broadband Class C
COM
530307305
2943
40853
SH
SOLE
40853
0
0
Liberty Broadband Class C
COM
530307305
9455
131260
SH
DFND
1
131260
0
0
Liberty Global PLC
COM
G5480U104
64
3000
SH
SOLE
3000
0
0
Liberty Global PLC
COM
G5480U104
3756
176000
SH
DFND
1
176000
0
0
Liberty Latin America
COM
G9001E102
286
19720
SH
DFND
1
19720
0
0
Liberty Media Group A
COM
531229870
565
19000
SH
SOLE
19000
0
0
Liberty Media Group A
COM
531229870
6256
210500
SH
DFND
1
210500
0
0
Liberty Media Group C
COM
531229854
890
29000
SH
SOLE
29000
0
0
Liberty Media Group C
COM
531229854
7076
230500
SH
DFND
1
230500
0
0
Liberty Sirius Group A
COM
531229409
1914
52000
SH
SOLE
52000
0
0
Liberty Sirius Group A
COM
531229409
13763
374000
SH
DFND
1
374000
0
0
Liberty Sirius Group C
COM
531229607
4955
134000
SH
SOLE
134000
0
0
Liberty Sirius Group C
COM
531229607
14348
388000
SH
DFND
1
388000
0
0
Linde PLC
COM
G5494J103
921
5900
SH
SOLE
5900
0
0
Linde PLC
COM
G5494J103
13810
88500
SH
DFND
1
88500
0
0
Live Nation
COM
538034109
517
10500
SH
SOLE
10500
0
0
Live Nation
COM
538034109
23551
478200
SH
DFND
1
478200
0
0
Lowes
COM
548661107
20042
217000
SH
SOLE
217000
0
0
Lowes
COM
548661107
32603
353000
SH
DFND
1
353000
0
0
MSCI
COM
55354G100
147
1000
SH
SOLE
1000
0
0
MSCI
COM
55354G100
20050
136000
SH
DFND
1
136000
0
0
Marriott International
COM
571903202
22369
206049
SH
SOLE
206049
0
0
Marriott International
COM
571903202
143974
1326220
SH
DFND
1
1326220
0
0
Marsh & McLennan
COM
571748102
1396
17500
SH
SOLE
17500
0
0
Marsh & McLennan
COM
571748102
47212
592000
SH
DFND
1
592000
0
0
Mastercard, Inc
COM
57636Q104
6791
36000
SH
SOLE
36000
0
0
Mastercard, Inc
COM
57636Q104
27562
146100
SH
DFND
1
146100
0
0
Maxim Integrated Products
COM
57772K101
3559
70000
SH
SOLE
70000
0
0
Maxim Integrated Products
COM
57772K101
9255
182000
SH
DFND
1
182000
0
0
McKesson Corp
COM
58155Q103
409
3700
SH
SOLE
3700
0
0
McKesson Corp
COM
58155Q103
3690
33400
SH
DFND
1
33400
0
0
Microchip Technology
COM
595017104
288
4000
SH
SOLE
4000
0
0
Microchip Technology
COM
595017104
10572
147000
SH
DFND
1
147000
0
0
Microsoft Corp
COM
594918104
8430
83000
SH
SOLE
83000
0
0
Microsoft Corp
COM
594918104
31080
306000
SH
DFND
1
306000
0
0
Mohawk Industries
COM
608190104
4795
41000
SH
DFND
1
41000
0
0
Moody's Corp
COM
615369105
14424
103000
SH
SOLE
103000
0
0
Moody's Corp
COM
615369105
13598
97100
SH
DFND
1
97100
0
0
NVR Inc
COM
62944T105
1876
770
SH
DFND
1
770
0
0
NXP Semiconductors NV
COM
N6596X109
2125
29000
SH
DFND
1
29000
0
0
Nike
COM
654106103
6079
82000
SH
SOLE
82000
0
0
Nike
COM
654106103
21056
284000
SH
DFND
1
284000
0
0
Norfolk Southern
COM
655844108
10916
73000
SH
SOLE
73000
0
0
Norfolk Southern
COM
655844108
23403
156500
SH
DFND
1
156500
0
0
Novo-Nordisk A/S
COM
670100205
24187
525000
SH
SOLE
525000
0
0
Novo-Nordisk A/S
COM
670100205
25338
550000
SH
DFND
1
550000
0
0
Oaktree Capital Group LLC
COM
674001201
2305
58000
SH
SOLE
58000
0
0
Oaktree Capital Group LLC
COM
674001201
38259
962500
SH
DFND
1
962500
0
0
Parker-Hannifin Corp
COM
701094104
910
6100
SH
SOLE
6100
0
0
Parker-Hannifin Corp
COM
701094104
16778
112500
SH
DFND
1
112500
0
0
Paychex
COM
704326107
4560
70000
SH
SOLE
70000
0
0
Paychex
COM
704326107
5212
80000
SH
DFND
1
80000
0
0
Penske Automotive Group
COM
70959W103
1008
25000
SH
SOLE
25000
0
0
Penske Automotive Group
COM
70959W103
1895
47000
SH
DFND
1
47000
0
0
Pepsico
COM
713448108
2099
19000
SH
SOLE
19000
0
0
Pepsico
COM
713448108
13987
126600
SH
DFND
1
126600
0
0
Philip Morris International
COM
718172109
7644
114500
SH
DFND
1
114500
0
0
Progressive Corp
COM
743315103
3318
55000
SH
SOLE
55000
0
0
Progressive Corp
COM
743315103
22563
374000
SH
DFND
1
374000
0
0
RLI Corporation
COM
749607107
19110
277000
SH
SOLE
277000
0
0
RLI Corporation
COM
749607107
63490
920272
SH
DFND
1
920272
0
0
Rockwell Automation Inc
COM
773903109
888
5900
SH
SOLE
5900
0
0
Rockwell Automation Inc
COM
773903109
18344
121900
SH
DFND
1
121900
0
0
Rollins, Inc.
COM
775711104
1305
36150
SH
SOLE
36150
0
0
Rollins, Inc.
COM
775711104
27053
749400
SH
DFND
1
749400
0
0
S&P Global
COM
78409V104
170
1000
SH
SOLE
1000
0
0
S&P Global
COM
78409V104
24811
146000
SH
DFND
1
146000
0
0
SEI Investments Co
COM
784117103
2726
59000
SH
SOLE
59000
0
0
SEI Investments Co
COM
784117103
14054
304200
SH
DFND
1
304200
0
0
Scotts Miracle-Gro Co
COM
810186106
2151
35000
SH
SOLE
35000
0
0
Scotts Miracle-Gro Co
COM
810186106
8789
143000
SH
DFND
1
143000
0
0
Sensata Technologies Holding
COM
N7902X106
90
2000
SH
SOLE
2000
0
0
Sensata Technologies Holding
COM
N7902X106
3587
80000
SH
DFND
1
80000
0
0
Shake Shack Inc - Class A
COM
819047101
136
3000
SH
SOLE
3000
0
0
Shake Shack Inc - Class A
COM
819047101
1288
28350
SH
DFND
1
28350
0
0
Sherwin Williams
COM
824348106
4328
11000
SH
DFND
1
11000
0
0
Southwest Airlines
COM
844741108
790
17000
SH
SOLE
17000
0
0
Southwest Airlines
COM
844741108
3440
74000
SH
DFND
1
74000
0
0
Starbucks Corp
COM
855244109
2479
38500
SH
SOLE
38500
0
0
Starbucks Corp
COM
855244109
24901
386668
SH
DFND
1
386668
0
0
Stericycle Inc
COM
858912108
917
25000
SH
SOLE
25000
0
0
Stericycle Inc
COM
858912108
15648
426500
SH
DFND
1
426500
0
0
T.Rowe Price
COM
74144T108
2954
32000
SH
SOLE
32000
0
0
T.Rowe Price
COM
74144T108
26034
282000
SH
DFND
1
282000
0
0
Texas Instruments Inc
COM
882508104
16159
171000
SH
SOLE
171000
0
0
Texas Instruments Inc
COM
882508104
43942
465000
SH
DFND
1
465000
0
0
The Carlyle Group
COM
14309L102
701
44500
SH
SOLE
44500
0
0
The Carlyle Group
COM
14309L102
16514
1048500
SH
DFND
1
1048500
0
0
The Travelers Companies Inc
COM
89417E109
37721
315000
SH
DFND
1
315000
0
0
TransUnion
COM
89400J107
227
4000
SH
DFND
1
4000
0
0
Tyson Foods
COM
902494103
12068
226000
SH
DFND
1
226000
0
0
Unilever PLC ADR
COM
904767704
209
4000
SH
SOLE
4000
0
0
Unilever PLC ADR
COM
904767704
79608
1523600
SH
DFND
1
1523600
0
0
Union Pacific
COM
907818108
1534
11100
SH
SOLE
11100
0
0
Union Pacific
COM
907818108
10266
74270
SH
DFND
1
74270
0
0
United Health Group Inc
COM
91324P102
12008
48200
SH
SOLE
48200
0
0
United Health Group Inc
COM
91324P102
137215
550800
SH
DFND
1
550800
0
0
United Technologies
COM
913017109
5814
54600
SH
SOLE
54600
0
0
United Technologies
COM
913017109
18038
169400
SH
DFND
1
169400
0
0
Verisk Analytics Inc
COM
92345Y106
109
1000
SH
SOLE
1000
0
0
Verisk Analytics Inc
COM
92345Y106
7960
73000
SH
DFND
1
73000
0
0
Verizon
COM
92343V104
1012
18000
SH
SOLE
18000
0
0
Verizon
COM
92343V104
4216
75000
SH
DFND
1
75000
0
0
Visa
COM
92826C839
11228
85100
SH
SOLE
85100
0
0
Visa
COM
92826C839
110922
840700
SH
DFND
1
840700
0
0
WR Berkley Corp
COM
084423102
1330
18000
SH
DFND
1
18000
0
0
Walgreens Boots Alliance Inc
COM
931427108
46850
685650
SH
SOLE
685650
0
0
Walgreens Boots Alliance Inc
COM
931427108
99922
1462350
SH
DFND
1
1462350
0
0
Watsco Inc
COM
942622200
3075
22100
SH
SOLE
22100
0
0
Watsco Inc
COM
942622200
37971
272900
SH
DFND
1
272900
0
0
Wells Fargo
COM
949746101
783
17000
SH
SOLE
17000
0
0
Wells Fargo
COM
949746101
1751
38000
SH
DFND
1
38000
0
0
Whirlpool Corp
COM
963320106
25
230
SH
SOLE
230
0
0
Whirlpool Corp
COM
963320106
8660
81029
SH
DFND
1
81029
0
0