0000950123-20-001131.txt : 20200207
0000950123-20-001131.hdr.sgml : 20200207
20200207163136
ACCESSION NUMBER: 0000950123-20-001131
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20191231
FILED AS OF DATE: 20200207
DATE AS OF CHANGE: 20200207
EFFECTIVENESS DATE: 20200207
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: 20587886
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
12-31-2019
12-31-2019
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
02-07-2020
1
245
7202790
false
1
28-6056
Markel Gayner Asset Management Corporation
INFORMATION TABLE
2
form13fInfoTable.xml
INFORMATION TABLE FOR FORM 13F
3M Company
COM
88579Y101
13584
77000
SH
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0
0
3M Company
COM
88579Y101
26728
151500
SH
DFND
1
151500
0
0
Accenture
COM
G1151C101
14129
67100
SH
SOLE
67100
0
0
Accenture
COM
G1151C101
19436
92300
SH
DFND
1
92300
0
0
Activision Blizzard Inc
COM
00507V109
107
1800
SH
SOLE
1800
0
0
Activision Blizzard Inc
COM
00507V109
16578
279000
SH
DFND
1
279000
0
0
Albemarle Corp
COM
012653101
5332
73000
SH
DFND
1
73000
0
0
Alleghany Corporation
COM
017175100
3461
4328
SH
SOLE
4328
0
0
Alphabet Inc
COM
02079K107
56488
42249
SH
SOLE
42249
0
0
Alphabet Inc
COM
02079K107
124756
93309
SH
DFND
1
93309
0
0
Alphabet Inc Class A
COM
02079K305
4420
3300
SH
SOLE
3300
0
0
Alphabet Inc Class A
COM
02079K305
12322
9200
SH
DFND
1
9200
0
0
Amazon.com
COM
023135106
61718
33400
SH
SOLE
33400
0
0
Amazon.com
COM
023135106
119245
64532
SH
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1
64532
0
0
American Express
COM
025816109
1245
10000
SH
SOLE
10000
0
0
American Express
COM
025816109
58666
471250
SH
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1
471250
0
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American Tower
COM
03027X100
230
1000
SH
SOLE
1000
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0
American Tower
COM
03027X100
10848
47200
SH
DFND
1
47200
0
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Analog Devices Inc
COM
032654105
24192
203565
SH
SOLE
203565
0
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Analog Devices Inc
COM
032654105
77513
652246
SH
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Anheuser-Busch Inbev ADR
COM
03524A108
1067
13000
SH
DFND
1
13000
0
0
Anthem Inc
COM
036752103
8759
29000
SH
SOLE
29000
0
0
Anthem Inc
COM
036752103
58896
195000
SH
DFND
1
195000
0
0
Aon Corporation
COM
G0408V102
7707
37000
SH
DFND
1
37000
0
0
Apollo Global Management - A
COM
037612306
1073
22500
SH
SOLE
22500
0
0
Apollo Global Management - A
COM
037612306
47233
990000
SH
DFND
1
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0
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Apple Inc
COM
037833100
3538
12050
SH
SOLE
12050
0
0
Apple Inc
COM
037833100
84567
287985
SH
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1
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0
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Archer Daniels
COM
039483102
27532
594000
SH
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594000
0
0
Archer Daniels
COM
039483102
40292
869300
SH
DFND
1
869300
0
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Automatic Data Processing
COM
053015103
21653
127000
SH
SOLE
127000
0
0
Automatic Data Processing
COM
053015103
68831
403700
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DFND
1
403700
0
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Autonation Inc
COM
05329W102
58
1200
SH
SOLE
1200
0
0
Autonation Inc
COM
05329W102
2062
42410
SH
DFND
1
42410
0
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Ball Corporation
COM
058498106
2716
42000
SH
DFND
1
42000
0
0
Bank of New York Mellon Corp
COM
064058100
12784
254000
SH
DFND
1
254000
0
0
Berkshire Hathaway Class B
COM
084670702
170242
751620
SH
SOLE
751620
0
0
Berkshire Hathaway Class B
COM
084670702
175478
774737
SH
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1
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0
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Berkshire Hathaway, Inc.
COM
084670108
196962
580
SH
SOLE
580
0
0
Berkshire Hathaway, Inc.
COM
084670108
178285
525
SH
DFND
1
525
0
0
Blackrock Inc
COM
09247X101
6032
12000
SH
SOLE
12000
0
0
Blackrock Inc
COM
09247X101
104562
208000
SH
DFND
1
208000
0
0
Blackstone Group
COM
09260D107
1930
34500
SH
SOLE
34500
0
0
Blackstone Group
COM
09260D107
66485
1188500
SH
DFND
1
1188500
0
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Boeing Co
COM
097023105
3877
11900
SH
SOLE
11900
0
0
Boeing Co
COM
097023105
26875
82500
SH
DFND
1
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COM
09857L108
411
200
SH
DFND
1
200
0
0
Brookfield Asset Management
COM
112585104
111541
1929782
SH
SOLE
1929782
0
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Brookfield Asset Management
COM
112585104
223389
3864859
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1
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COM
115637100
30921
492600
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492600
0
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Brown Forman Class A
COM
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350400
SH
DFND
1
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Brown-Forman Class B
COM
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15328
226750
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226750
0
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Brown-Forman Class B
COM
115637209
16727
247437
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CDK Global Inc
COM
12508E101
2315
42333
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42333
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COM
12508E101
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SH
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CVS Corporation
COM
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149
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CVS Corporation
COM
126650100
24516
330000
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Cable One
COM
12685J105
7740
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SH
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Carmax
COM
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Carmax
COM
143130102
293164
3343944
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COM
149123101
1477
10000
SH
SOLE
10000
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Caterpillar Inc
COM
149123101
40464
274000
SH
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Charles Schwab
COM
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COM
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310
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SH
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COM
169905106
20686
200000
SH
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200000
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Cisco
COM
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7098
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148000
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17275R102
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SH
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1
194000
0
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Citigroup Inc
COM
172967424
105
1320
SH
SOLE
1320
0
0
Citigroup Inc
COM
172967424
1518
19000
SH
DFND
1
19000
0
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Colfax Corporation
COM
194014106
39475
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SH
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1085070
0
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Colfax Corporation
COM
194014106
1819
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DFND
1
50000
0
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Comcast Corp- Class A
COM
20030n101
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SH
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103000
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Comcast Corp- Class A
COM
20030n101
18797
418000
SH
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1
418000
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Costco
COM
22160K105
3821
13000
SH
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13000
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Costco
COM
22160K105
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26150
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Crown Holdings Inc
COM
228368106
8124
112000
SH
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1
112000
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DR Horton Inc
COM
23331A109
45
850
SH
SOLE
850
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DR Horton Inc
COM
23331A109
1609
30497
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1
30497
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Delta Air Lines
COM
247361702
351
6000
SH
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6000
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Delta Air Lines
COM
247361702
24035
411000
SH
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1
411000
0
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COM
25243Q205
124344
738300
SH
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738300
0
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Diageo PLC
COM
25243Q205
102989
611500
SH
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1
611500
0
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Discovery Communications
COM
25470F302
3567
117000
SH
DFND
1
117000
0
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Disney
COM
254687106
78780
544700
SH
SOLE
544700
0
0
Disney
COM
254687106
189426
1309730
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1
1309730
0
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Dollar Tree Inc
COM
256746108
1223
13000
SH
SOLE
13000
0
0
Dollar Tree Inc
COM
256746108
10355
110100
SH
DFND
1
110100
0
0
Ecolab
COM
278865100
4439
23000
SH
SOLE
23000
0
0
Ecolab
COM
278865100
54674
283300
SH
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1
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0
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Electronic Arts Inc
COM
285512109
97
900
SH
SOLE
900
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0
Electronic Arts Inc
COM
285512109
13062
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SH
DFND
1
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Equifax Inc
COM
294429105
15063
107500
SH
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1
107500
0
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Facebook
COM
30303M102
3820
18610
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18610
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Facebook
COM
30303M102
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COM
303075105
6171
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23000
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Factset Research
COM
303075105
25102
93560
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1
93560
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General Dynamics
COM
369550108
7759
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SH
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44000
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General Dynamics
COM
369550108
60488
343000
SH
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1
343000
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Goldman Sachs
COM
38141G104
4104
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SH
SOLE
17850
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Goldman Sachs
COM
38141G104
74509
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SH
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1
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Graham Holdings Co
COM
384637104
3323
5200
SH
DFND
1
5200
0
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Hasbro, Inc
COM
418056107
11026
104400
SH
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104400
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Hasbro, Inc
COM
418056107
27416
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COM
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486
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20000
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COM
421906108
13461
553500
SH
DFND
1
553500
0
0
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COM
422806208
690
7702
SH
SOLE
7702
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Heico Corp Class A
COM
422806208
29898
333942
SH
DFND
1
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0
0
Hexcel Corp
COM
428291108
293
4000
SH
SOLE
4000
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0
Hexcel Corp
COM
428291108
13196
180000
SH
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1
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0
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Home Depot
COM
437076102
25550
117000
SH
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117000
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Home Depot
COM
437076102
175359
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COM
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85000
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Illinois Tool Works
COM
452308109
42033
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1
234000
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Illumina Inc
COM
452327109
332
1000
SH
DFND
1
1000
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InterActiveCorp
COM
44919P508
286
1150
SH
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1
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COM
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1935
15000
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Intl Flavors & Fragrances
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459506101
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1
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COM
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1
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COM
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1
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COM
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25989
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150000
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148293
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COM
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16658
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SH
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114200
0
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Johnson and Johnson
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478160104
72439
496600
SH
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1
496600
0
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COM
48251W104
1809
62000
SH
SOLE
62000
0
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COM
48251W104
38029
1303700
SH
DFND
1
1303700
0
0
Kraft Heinz Co
COM
500754106
2185
68000
SH
DFND
1
68000
0
0
Lennar Corp - B
COM
526057302
1075
24050
SH
DFND
1
24050
0
0
Lennar Corporation
COM
526057104
31
550
SH
SOLE
550
0
0
Lennar Corporation
COM
526057104
298
5350
SH
DFND
1
5350
0
0
Liberty Broadband A
COM
530307107
2709
21750
SH
SOLE
21750
0
0
Liberty Broadband A
COM
530307107
22857
183500
SH
DFND
1
183500
0
0
Liberty Broadband Class C
COM
530307305
5137
40853
SH
SOLE
40853
0
0
Liberty Broadband Class C
COM
530307305
16506
131260
SH
DFND
1
131260
0
0
Liberty Global PLC
COM
G5480U104
68
3000
SH
SOLE
3000
0
0
Liberty Global PLC
COM
G5480U104
4002
176000
SH
DFND
1
176000
0
0
Liberty Media Group A
COM
531229870
832
19000
SH
SOLE
19000
0
0
Liberty Media Group A
COM
531229870
9216
210500
SH
DFND
1
210500
0
0
Liberty Media Group C
COM
531229854
1333
29000
SH
SOLE
29000
0
0
Liberty Media Group C
COM
531229854
10596
230500
SH
DFND
1
230500
0
0
Liberty Sirius Group A
COM
531229409
2514
52000
SH
SOLE
52000
0
0
Liberty Sirius Group A
COM
531229409
18079
374000
SH
DFND
1
374000
0
0
Liberty Sirius Group C
COM
531229607
6451
134000
SH
SOLE
134000
0
0
Liberty Sirius Group C
COM
531229607
18678
388000
SH
DFND
1
388000
0
0
Linde PLC
COM
G5494J103
1256
5900
SH
SOLE
5900
0
0
Linde PLC
COM
G5494J103
18842
88500
SH
DFND
1
88500
0
0
Live Nation
COM
538034109
750
10500
SH
SOLE
10500
0
0
Live Nation
COM
538034109
34177
478200
SH
DFND
1
478200
0
0
Lowes
COM
548661107
30778
257000
SH
SOLE
257000
0
0
Lowes
COM
548661107
38802
324000
SH
DFND
1
324000
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0
MSCI
COM
55354G100
258
1000
SH
SOLE
1000
0
0
MSCI
COM
55354G100
35112
136000
SH
DFND
1
136000
0
0
Marriott International
COM
571903202
54219
358049
SH
SOLE
358049
0
0
Marriott International
COM
571903202
185838
1227220
SH
DFND
1
1227220
0
0
Marsh & McLennan
COM
571748102
1950
17500
SH
SOLE
17500
0
0
Marsh & McLennan
COM
571748102
65955
592000
SH
DFND
1
592000
0
0
Mastercard, Inc
COM
57636Q104
10749
36000
SH
SOLE
36000
0
0
Mastercard, Inc
COM
57636Q104
50716
169850
SH
DFND
1
169850
0
0
Maxim Integrated Products
COM
57772K101
4306
70000
SH
SOLE
70000
0
0
Maxim Integrated Products
COM
57772K101
11195
182000
SH
DFND
1
182000
0
0
McKesson Corp
COM
58155Q103
650
4700
SH
SOLE
4700
0
0
McKesson Corp
COM
58155Q103
8078
58400
SH
DFND
1
58400
0
0
Microchip Technology
COM
595017104
419
4000
SH
SOLE
4000
0
0
Microchip Technology
COM
595017104
16232
155000
SH
DFND
1
155000
0
0
Microsoft Corp
COM
594918104
13404
85000
SH
SOLE
85000
0
0
Microsoft Corp
COM
594918104
61443
389620
SH
DFND
1
389620
0
0
Mohawk Industries
COM
608190104
682
5000
SH
SOLE
5000
0
0
Mohawk Industries
COM
608190104
34913
256000
SH
DFND
1
256000
0
0
Moody's Corp
COM
615369105
24691
104000
SH
SOLE
104000
0
0
Moody's Corp
COM
615369105
25113
105780
SH
DFND
1
105780
0
0
NVR Inc
COM
62944T105
381
100
SH
SOLE
100
0
0
NVR Inc
COM
62944T105
31438
8255
SH
DFND
1
8255
0
0
Nike
COM
654106103
8307
82000
SH
SOLE
82000
0
0
Nike
COM
654106103
28772
284000
SH
DFND
1
284000
0
0
Norfolk Southern
COM
655844108
14171
73000
SH
SOLE
73000
0
0
Norfolk Southern
COM
655844108
30381
156500
SH
DFND
1
156500
0
0
Novo-Nordisk A/S
COM
670100205
30387
525000
SH
SOLE
525000
0
0
Novo-Nordisk A/S
COM
670100205
31834
550000
SH
DFND
1
550000
0
0
Owens-Illinois Inc
COM
67098H104
4175
350000
SH
DFND
1
350000
0
0
Parker-Hannifin Corp
COM
701094104
1256
6100
SH
SOLE
6100
0
0
Parker-Hannifin Corp
COM
701094104
23155
112500
SH
DFND
1
112500
0
0
Paychex
COM
704326107
5954
70000
SH
SOLE
70000
0
0
Paychex
COM
704326107
6805
80000
SH
DFND
1
80000
0
0
Penske Automotive Group
COM
70959W103
1255
25000
SH
SOLE
25000
0
0
Penske Automotive Group
COM
70959W103
2360
47000
SH
DFND
1
47000
0
0
Pepsico
COM
713448108
2597
19000
SH
SOLE
19000
0
0
Pepsico
COM
713448108
17302
126600
SH
DFND
1
126600
0
0
Philip Morris International
COM
718172109
9743
114500
SH
DFND
1
114500
0
0
Progressive Corp
COM
743315103
4343
60000
SH
SOLE
60000
0
0
Progressive Corp
COM
743315103
41986
580000
SH
DFND
1
580000
0
0
RLI Corporation
COM
749607107
33938
377000
SH
SOLE
377000
0
0
RLI Corporation
COM
749607107
73841
820272
SH
DFND
1
820272
0
0
Rockwell Automation Inc
COM
773903109
1601
7900
SH
SOLE
7900
0
0
Rockwell Automation Inc
COM
773903109
26793
132200
SH
DFND
1
132200
0
0
Rollins, Inc.
COM
775711104
1215
36650
SH
SOLE
36650
0
0
Rollins, Inc.
COM
775711104
25954
782700
SH
DFND
1
782700
0
0
S&P Global
COM
78409V104
273
1000
SH
SOLE
1000
0
0
S&P Global
COM
78409V104
39865
146000
SH
DFND
1
146000
0
0
SEI Investments Co
COM
784117103
3863
59000
SH
SOLE
59000
0
0
SEI Investments Co
COM
784117103
21229
324200
SH
DFND
1
324200
0
0
Scotts Miracle-Gro Co
COM
810186106
3716
35000
SH
SOLE
35000
0
0
Scotts Miracle-Gro Co
COM
810186106
41092
387000
SH
DFND
1
387000
0
0
Shake Shack Inc - Class A
COM
819047101
179
3000
SH
SOLE
3000
0
0
Shake Shack Inc - Class A
COM
819047101
1620
27200
SH
DFND
1
27200
0
0
Sherwin Williams
COM
824348106
18090
31000
SH
DFND
1
31000
0
0
Southwest Airlines
COM
844741108
918
17000
SH
SOLE
17000
0
0
Southwest Airlines
COM
844741108
25560
473500
SH
DFND
1
473500
0
0
Starbucks Corp
COM
855244109
3561
40500
SH
SOLE
40500
0
0
Starbucks Corp
COM
855244109
42128
479168
SH
DFND
1
479168
0
0
Stericycle Inc
COM
858912108
1595
25000
SH
SOLE
25000
0
0
Stericycle Inc
COM
858912108
34649
543000
SH
DFND
1
543000
0
0
T.Rowe Price
COM
74144T108
3899
32000
SH
SOLE
32000
0
0
T.Rowe Price
COM
74144T108
34359
282000
SH
DFND
1
282000
0
0
Texas Instruments Inc
COM
882508104
22579
176000
SH
SOLE
176000
0
0
Texas Instruments Inc
COM
882508104
69084
538500
SH
DFND
1
538500
0
0
The Carlyle Group
COM
14309L102
1428
44500
SH
SOLE
44500
0
0
The Carlyle Group
COM
14309L102
37389
1165500
SH
DFND
1
1165500
0
0
The Travelers Companies Inc
COM
89417E109
43139
315000
SH
DFND
1
315000
0
0
TransUnion
COM
89400J107
257
3000
SH
SOLE
3000
0
0
TransUnion
COM
89400J107
7191
84000
SH
DFND
1
84000
0
0
Trupanion
COM
898202106
187
5000
SH
SOLE
5000
0
0
Trupanion
COM
898202106
3933
105000
SH
DFND
1
105000
0
0
Tyson Foods
COM
902494103
455
5000
SH
SOLE
5000
0
0
Tyson Foods
COM
902494103
31910
350500
SH
DFND
1
350500
0
0
Unilever PLC ADR
COM
904767704
229
4000
SH
SOLE
4000
0
0
Unilever PLC ADR
COM
904767704
87104
1523600
SH
DFND
1
1523600
0
0
Union Pacific
COM
907818108
2007
11100
SH
SOLE
11100
0
0
Union Pacific
COM
907818108
13427
74270
SH
DFND
1
74270
0
0
United Health Group Inc
COM
91324P102
32985
112200
SH
SOLE
112200
0
0
United Health Group Inc
COM
91324P102
143109
486800
SH
DFND
1
486800
0
0
United Technologies
COM
913017109
8177
54600
SH
SOLE
54600
0
0
United Technologies
COM
913017109
25369
169400
SH
DFND
1
169400
0
0
Verisk Analytics Inc
COM
92345Y106
149
1000
SH
SOLE
1000
0
0
Verisk Analytics Inc
COM
92345Y106
10902
73000
SH
DFND
1
73000
0
0
Visa
COM
92826C839
34968
186100
SH
SOLE
186100
0
0
Visa
COM
92826C839
144504
769050
SH
DFND
1
769050
0
0
WR Berkley Corp
COM
084423102
1866
27000
SH
DFND
1
27000
0
0
Walgreens Boots Alliance Inc
COM
931427108
40426
685650
SH
SOLE
685650
0
0
Walgreens Boots Alliance Inc
COM
931427108
80884
1371850
SH
DFND
1
1371850
0
0
Watsco Inc
COM
942622200
4882
27100
SH
SOLE
27100
0
0
Watsco Inc
COM
942622200
64926
360400
SH
DFND
1
360400
0
0
Wells Fargo
COM
949746101
1722
32000
SH
SOLE
32000
0
0
Wells Fargo
COM
949746101
7693
143000
SH
DFND
1
143000
0
0
Whirlpool Corp
COM
963320106
772
5230
SH
SOLE
5230
0
0
Whirlpool Corp
COM
963320106
37961
257309
SH
DFND
1
257309
0
0