0000950123-20-003783.txt : 20200501
0000950123-20-003783.hdr.sgml : 20200501
20200501170708
ACCESSION NUMBER: 0000950123-20-003783
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20200331
FILED AS OF DATE: 20200501
DATE AS OF CHANGE: 20200501
EFFECTIVENESS DATE: 20200501
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: 20841740
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
0001096343
XXXXXXXX
03-31-2020
03-31-2020
false
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
05-01-2020
1
234
5316714
false
1
28-6056
Markel Gayner Asset Management Corporation
INFORMATION TABLE
2
301.xml
INFORMATION TABLE FOR FORM 13F
3M Company
COM
88579Y101
10511
77000
SH
SOLE
77000
0
0
3M Company
COM
88579Y101
21459
157200
SH
DFND
157200
0
0
Accenture
COM
G1151C101
10955
67100
SH
SOLE
67100
0
0
Accenture
COM
G1151C101
15069
92300
SH
DFND
92300
0
0
Activision Blizzard Inc
COM
00507V109
107
1800
SH
SOLE
1800
0
0
Activision Blizzard Inc
COM
00507V109
16773
282000
SH
DFND
282000
0
0
Albemarle Corp
COM
012653101
4284
76000
SH
DFND
76000
0
0
Alleghany Corporation
COM
017175100
2391
4328
SH
SOLE
4328
0
0
Alphabet Inc
COM
02079K107
49128
42249
SH
SOLE
42249
0
0
Alphabet Inc
COM
02079K107
110751
95244
SH
DFND
95244
0
0
Alphabet Inc Class A
COM
02079K305
3834
3300
SH
SOLE
3300
0
0
Alphabet Inc Class A
COM
02079K305
10690
9200
SH
DFND
9200
0
0
Amazon.com
COM
023135106
65121
33400
SH
SOLE
33400
0
0
Amazon.com
COM
023135106
126814
65042
SH
DFND
65042
0
0
American Airlines Group
COM
02376R102
670
55000
SH
DFND
55000
0
0
American Express
COM
025816109
856
10000
SH
SOLE
10000
0
0
American Express
COM
025816109
40575
473950
SH
DFND
473950
0
0
American Tower
COM
03027X100
218
1000
SH
SOLE
1000
0
0
American Tower
COM
03027X100
10920
50150
SH
DFND
50150
0
0
Analog Devices Inc
COM
032654105
18250
203565
SH
SOLE
203565
0
0
Analog Devices Inc
COM
032654105
61163
682246
SH
DFND
682246
0
0
Anthem Inc
COM
036752103
6584
29000
SH
SOLE
29000
0
0
Anthem Inc
COM
036752103
32921
145000
SH
DFND
145000
0
0
Aon Corporation
COM
G0408V102
6106
37000
SH
DFND
37000
0
0
Apollo Global Management - A
COM
037612306
754
22500
SH
SOLE
22500
0
0
Apollo Global Management - A
COM
037612306
33165
990000
SH
DFND
990000
0
0
Apple Inc
COM
037833100
3064
12050
SH
SOLE
12050
0
0
Apple Inc
COM
037833100
73384
288585
SH
DFND
288585
0
0
Archer Daniels
COM
039483102
20897
594000
SH
SOLE
594000
0
0
Archer Daniels
COM
039483102
31110
884300
SH
DFND
884300
0
0
Automatic Data Processing
COM
053015103
17358
127000
SH
SOLE
127000
0
0
Automatic Data Processing
COM
053015103
55178
403700
SH
DFND
403700
0
0
Autonation Inc
COM
05329W102
34
1200
SH
SOLE
1200
0
0
Autonation Inc
COM
05329W102
1281
45660
SH
DFND
45660
0
0
Ball Corporation
COM
058498106
2974
46000
SH
DFND
46000
0
0
Bank of New York Mellon Corp
COM
064058100
11788
350000
SH
DFND
350000
0
0
Berkshire Hathaway Class B
COM
084670702
137419
751620
SH
SOLE
751620
0
0
Berkshire Hathaway Class B
COM
084670702
142620
780067
SH
DFND
780067
0
0
Berkshire Hathaway, Inc.
COM
084670108
157760
580
SH
SOLE
580
0
0
Berkshire Hathaway, Inc.
COM
084670108
145248
534
SH
DFND
534
0
0
Blackrock Inc
COM
09247X101
5280
12000
SH
SOLE
12000
0
0
Blackrock Inc
COM
09247X101
91602
208200
SH
DFND
208200
0
0
Blackstone Group
COM
09260D107
1572
34500
SH
SOLE
34500
0
0
Blackstone Group
COM
09260D107
54433
1194500
SH
DFND
1194500
0
0
Boeing Co
COM
097023105
1775
11900
SH
SOLE
11900
0
0
Boeing Co
COM
097023105
12304
82500
SH
DFND
82500
0
0
Booking Holdings Inc
COM
09857L108
552
410
SH
DFND
410
0
0
Brookfield Asset Management
COM
112585104
85393
1929782
SH
SOLE
1929782
0
0
Brookfield Asset Management
COM
112585104
171277
3870659
SH
DFND
3870659
0
0
Brown Forman Class A
COM
115637100
25310
492600
SH
SOLE
492600
0
0
Brown Forman Class A
COM
115637100
18004
350400
SH
DFND
350400
0
0
Brown-Forman Class B
COM
115637209
12587
226750
SH
SOLE
226750
0
0
Brown-Forman Class B
COM
115637209
13735
247437
SH
DFND
247437
0
0
CVS Corporation
COM
126650100
119
2000
SH
SOLE
2000
0
0
CVS Corporation
COM
126650100
19579
330000
SH
DFND
330000
0
0
Cable One
COM
12685J105
8549
5200
SH
DFND
5200
0
0
Carmax
COM
143130102
84466
1569126
SH
SOLE
1569126
0
0
Carmax
COM
143130102
180005
3343944
SH
DFND
3343944
0
0
Caterpillar Inc
COM
149123101
1160
10000
SH
SOLE
10000
0
0
Caterpillar Inc
COM
149123101
32201
277500
SH
DFND
277500
0
0
Charles Schwab
COM
808513105
4135
123000
SH
SOLE
123000
0
0
Charles Schwab
COM
808513105
32689
972300
SH
DFND
972300
0
0
Choice Hotels Intl Inc
COM
169905106
184
3000
SH
SOLE
3000
0
0
Choice Hotels Intl Inc
COM
169905106
12862
210000
SH
DFND
210000
0
0
Cisco
COM
17275R102
5818
148000
SH
SOLE
148000
0
0
Cisco
COM
17275R102
7626
194000
SH
DFND
194000
0
0
Citigroup Inc
COM
172967424
56
1320
SH
SOLE
1320
0
0
Citigroup Inc
COM
172967424
897
21300
SH
DFND
21300
0
0
Colfax Corporation
COM
194014106
21484
1085070
SH
SOLE
1085070
0
0
Colfax Corporation
COM
194014106
990
50000
SH
DFND
50000
0
0
Comcast Corp- Class A
COM
20030n101
3541
103000
SH
SOLE
103000
0
0
Comcast Corp- Class A
COM
20030n101
14405
419000
SH
DFND
419000
0
0
Costco
COM
22160K105
3707
13000
SH
SOLE
13000
0
0
Costco
COM
22160K105
7456
26150
SH
DFND
26150
0
0
Crown Holdings Inc
COM
228368106
6733
116000
SH
DFND
116000
0
0
DR Horton Inc
COM
23331A109
29
850
SH
SOLE
850
0
0
DR Horton Inc
COM
23331A109
1081
31797
SH
DFND
31797
0
0
Delta Air Lines
COM
247361702
171
6000
SH
SOLE
6000
0
0
Delta Air Lines
COM
247361702
12967
454500
SH
DFND
454500
0
0
Diageo PLC
COM
25243Q205
93853
738300
SH
SOLE
738300
0
0
Diageo PLC
COM
25243Q205
77734
611500
SH
DFND
611500
0
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Disney
COM
254687106
52618
544700
SH
SOLE
544700
0
0
Disney
COM
254687106
127288
1317680
SH
DFND
1317680
0
0
Eastman Chemical Company
COM
277432100
279
6000
SH
DFND
6000
0
0
Ecolab
COM
278865100
3584
23000
SH
SOLE
23000
0
0
Ecolab
COM
278865100
44614
286300
SH
DFND
286300
0
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Electronic Arts Inc
COM
285512109
90
900
SH
SOLE
900
0
0
Electronic Arts Inc
COM
285512109
12451
124300
SH
DFND
124300
0
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Equifax Inc
COM
294429105
13617
114000
SH
DFND
114000
0
0
Facebook
COM
30303M102
3104
18610
SH
SOLE
18610
0
0
Facebook
COM
30303M102
21082
126390
SH
DFND
126390
0
0
Factset Research
COM
303075105
5996
23000
SH
SOLE
23000
0
0
Factset Research
COM
303075105
24421
93680
SH
DFND
93680
0
0
General Dynamics
COM
369550108
5822
44000
SH
SOLE
44000
0
0
General Dynamics
COM
369550108
45382
343000
SH
DFND
343000
0
0
Goldman Sachs
COM
38141G104
2759
17850
SH
SOLE
17850
0
0
Goldman Sachs
COM
38141G104
50234
324950
SH
DFND
324950
0
0
Graham Holdings Co
COM
384637104
1774
5200
SH
DFND
5200
0
0
Guidewire Software Inc
COM
40171V100
1031
13000
SH
DFND
13000
0
0
Healthcare Services Group
COM
421906108
478
20000
SH
SOLE
20000
0
0
Healthcare Services Group
COM
421906108
16223
678500
SH
DFND
678500
0
0
Heico Corp Class A
COM
422806208
492
7702
SH
SOLE
7702
0
0
Heico Corp Class A
COM
422806208
21435
335442
SH
DFND
335442
0
0
Hexcel Corp
COM
428291108
149
4000
SH
SOLE
4000
0
0
Hexcel Corp
COM
428291108
6880
185000
SH
DFND
185000
0
0
Home Depot
COM
437076102
21845
117000
SH
SOLE
117000
0
0
Home Depot
COM
437076102
149928
803000
SH
DFND
803000
0
0
Illinois Tool Works
COM
452308109
12080
85000
SH
SOLE
85000
0
0
Illinois Tool Works
COM
452308109
34464
242500
SH
DFND
242500
0
0
Illumina Inc
COM
452327109
1092
4000
SH
DFND
4000
0
0
InterActiveCorp
COM
44919P508
296
1650
SH
DFND
1650
0
0
Intl Flavors & Fragrances
COM
459506101
1531
15000
SH
SOLE
15000
0
0
Intl Flavors & Fragrances
COM
459506101
9391
92000
SH
DFND
92000
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0
Investors Title Company
COM
461804106
27302
213300
SH
DFND
213300
0
0
JP Morgan
COM
46625H100
19568
217350
SH
DFND
217350
0
0
John Deere
COM
244199105
20724
150000
SH
SOLE
150000
0
0
John Deere
COM
244199105
118251
855900
SH
DFND
855900
0
0
Johnson and Johnson
COM
478160104
14975
114200
SH
SOLE
114200
0
0
Johnson and Johnson
COM
478160104
65119
496600
SH
DFND
496600
0
0
KKR & Co LLC
COM
48251W104
1455
62000
SH
SOLE
62000
0
0
KKR & Co LLC
COM
48251W104
30919
1317400
SH
DFND
1317400
0
0
Lamar Advertising Company
COM
512816109
436
8500
SH
DFND
8500
0
0
Lennar Corp - B
COM
526057302
743
25700
SH
DFND
25700
0
0
Lennar Corporation
COM
526057104
21
550
SH
SOLE
550
0
0
Lennar Corporation
COM
526057104
204
5350
SH
DFND
5350
0
0
Liberty Broadband A
COM
530307107
2327
21750
SH
SOLE
21750
0
0
Liberty Broadband A
COM
530307107
19634
183500
SH
DFND
183500
0
0
Liberty Broadband Class C
COM
530307305
4523
40853
SH
SOLE
40853
0
0
Liberty Broadband Class C
COM
530307305
14533
131260
SH
DFND
131260
0
0
Liberty Global PLC
COM
G5480U104
50
3000
SH
SOLE
3000
0
0
Liberty Global PLC
COM
G5480U104
2906
176000
SH
DFND
176000
0
0
Liberty Media Group A
COM
531229870
491
19000
SH
SOLE
19000
0
0
Liberty Media Group A
COM
531229870
5435
210500
SH
DFND
210500
0
0
Liberty Media Group C
COM
531229854
790
29000
SH
SOLE
29000
0
0
Liberty Media Group C
COM
531229854
6277
230500
SH
DFND
230500
0
0
Liberty Sirius Group A
COM
531229409
1648
52000
SH
SOLE
52000
0
0
Liberty Sirius Group A
COM
531229409
11852
374000
SH
DFND
374000
0
0
Liberty Sirius Group C
COM
531229607
4237
134000
SH
SOLE
134000
0
0
Liberty Sirius Group C
COM
531229607
12269
388000
SH
DFND
388000
0
0
Linde PLC
COM
G5494J103
1021
5900
SH
SOLE
5900
0
0
Linde PLC
COM
G5494J103
15310
88500
SH
DFND
88500
0
0
Live Nation
COM
538034109
477
10500
SH
SOLE
10500
0
0
Live Nation
COM
538034109
21739
478200
SH
DFND
478200
0
0
Lowes
COM
548661107
22115
257000
SH
SOLE
257000
0
0
Lowes
COM
548661107
28526
331500
SH
DFND
331500
0
0
MSCI
COM
55354G100
289
1000
SH
SOLE
1000
0
0
MSCI
COM
55354G100
39299
136000
SH
DFND
136000
0
0
Marriott International
COM
571903202
26786
358049
SH
SOLE
358049
0
0
Marriott International
COM
571903202
92369
1234720
SH
DFND
1234720
0
0
Marsh & McLennan
COM
571748102
1513
17500
SH
SOLE
17500
0
0
Marsh & McLennan
COM
571748102
51184
592000
SH
DFND
592000
0
0
Mastercard, Inc
COM
57636Q104
8696
36000
SH
SOLE
36000
0
0
Mastercard, Inc
COM
57636Q104
41396
171370
SH
DFND
171370
0
0
Maxim Integrated Products
COM
57772K101
3403
70000
SH
SOLE
70000
0
0
Maxim Integrated Products
COM
57772K101
8847
182000
SH
DFND
182000
0
0
McKesson Corp
COM
58155Q103
636
4700
SH
SOLE
4700
0
0
McKesson Corp
COM
58155Q103
7899
58400
SH
DFND
58400
0
0
Microchip Technology
COM
595017104
271
4000
SH
SOLE
4000
0
0
Microchip Technology
COM
595017104
10780
159000
SH
DFND
159000
0
0
Microsoft Corp
COM
594918104
13405
85000
SH
SOLE
85000
0
0
Microsoft Corp
COM
594918104
62078
393620
SH
DFND
393620
0
0
Mohawk Industries
COM
608190104
381
5000
SH
SOLE
5000
0
0
Mohawk Industries
COM
608190104
22110
290000
SH
DFND
290000
0
0
Moody's Corp
COM
615369105
21996
104000
SH
SOLE
104000
0
0
Moody's Corp
COM
615369105
22647
107080
SH
DFND
107080
0
0
NVR Inc
COM
62944T105
257
100
SH
SOLE
100
0
0
NVR Inc
COM
62944T105
22493
8755
SH
DFND
8755
0
0
Nike
COM
654106103
6785
82000
SH
SOLE
82000
0
0
Nike
COM
654106103
23498
284000
SH
DFND
284000
0
0
Norfolk Southern
COM
655844108
10658
73000
SH
SOLE
73000
0
0
Norfolk Southern
COM
655844108
22849
156500
SH
DFND
156500
0
0
Novo-Nordisk A/S
COM
670100205
31605
525000
SH
SOLE
525000
0
0
Novo-Nordisk A/S
COM
670100205
33110
550000
SH
DFND
550000
0
0
Owens-Illinois Inc
COM
67098H104
3157
444000
SH
DFND
444000
0
0
Parker-Hannifin Corp
COM
701094104
791
6100
SH
SOLE
6100
0
0
Parker-Hannifin Corp
COM
701094104
14595
112500
SH
DFND
112500
0
0
Paychex
COM
704326107
4404
70000
SH
SOLE
70000
0
0
Paychex
COM
704326107
5034
80000
SH
DFND
80000
0
0
Penske Automotive Group
COM
70959W103
700
25000
SH
SOLE
25000
0
0
Penske Automotive Group
COM
70959W103
1316
47000
SH
DFND
47000
0
0
Pepsico
COM
713448108
11482
95600
SH
DFND
95600
0
0
Philip Morris International
COM
718172109
8354
114500
SH
DFND
114500
0
0
Progressive Corp
COM
743315103
4430
60000
SH
SOLE
60000
0
0
Progressive Corp
COM
743315103
45375
614500
SH
DFND
614500
0
0
RLI Corporation
COM
749607107
33150
377000
SH
SOLE
377000
0
0
RLI Corporation
COM
749607107
72127
820272
SH
DFND
820272
0
0
Rockwell Automation Inc
COM
773903109
1192
7900
SH
SOLE
7900
0
0
Rockwell Automation Inc
COM
773903109
20252
134200
SH
DFND
134200
0
0
Rollins, Inc.
COM
775711104
1325
36650
SH
SOLE
36650
0
0
Rollins, Inc.
COM
775711104
28630
792200
SH
DFND
792200
0
0
S&P Global
COM
78409V104
245
1000
SH
SOLE
1000
0
0
S&P Global
COM
78409V104
35777
146000
SH
DFND
146000
0
0
SEI Investments Co
COM
784117103
2734
59000
SH
SOLE
59000
0
0
SEI Investments Co
COM
784117103
15023
324200
SH
DFND
324200
0
0
Shake Shack Inc - Class A
COM
819047101
113
3000
SH
SOLE
3000
0
0
Shake Shack Inc - Class A
COM
819047101
1042
27600
SH
DFND
27600
0
0
Sherwin Williams
COM
824348106
14245
31000
SH
DFND
31000
0
0
Southwest Airlines
COM
844741108
605
17000
SH
SOLE
17000
0
0
Southwest Airlines
COM
844741108
18802
528000
SH
DFND
528000
0
0
Starbucks Corp
COM
855244109
2662
40500
SH
SOLE
40500
0
0
Starbucks Corp
COM
855244109
32036
487318
SH
DFND
487318
0
0
Stericycle Inc
COM
858912108
1214
25000
SH
SOLE
25000
0
0
Stericycle Inc
COM
858912108
27627
568700
SH
DFND
568700
0
0
T.Rowe Price
COM
74144T108
3125
32000
SH
SOLE
32000
0
0
T.Rowe Price
COM
74144T108
27537
282000
SH
DFND
282000
0
0
Texas Instruments Inc
COM
882508104
17588
176000
SH
SOLE
176000
0
0
Texas Instruments Inc
COM
882508104
54762
548000
SH
DFND
548000
0
0
The Carlyle Group
COM
14316J108
963
44500
SH
SOLE
44500
0
0
The Carlyle Group
COM
14316J108
25493
1177500
SH
DFND
1177500
0
0
The Travelers Companies Inc
COM
89417E109
31295
315000
SH
DFND
315000
0
0
TransUnion
COM
89400J107
199
3000
SH
SOLE
3000
0
0
TransUnion
COM
89400J107
6055
91500
SH
DFND
91500
0
0
Trupanion
COM
898202106
130
5000
SH
SOLE
5000
0
0
Trupanion
COM
898202106
3340
128300
SH
DFND
128300
0
0
Twitter Inc
COM
90184l102
209
8500
SH
DFND
8500
0
0
Tyson Foods
COM
902494103
289
5000
SH
SOLE
5000
0
0
Tyson Foods
COM
902494103
21065
364000
SH
DFND
364000
0
0
Union Pacific
COM
907818108
1566
11100
SH
SOLE
11100
0
0
Union Pacific
COM
907818108
10475
74270
SH
DFND
74270
0
0
United Technologies
COM
913017109
5150
54600
SH
SOLE
54600
0
0
United Technologies
COM
913017109
15980
169400
SH
DFND
169400
0
0
Verisk Analytics Inc
COM
92345Y106
139
1000
SH
SOLE
1000
0
0
Verisk Analytics Inc
COM
92345Y106
10175
73000
SH
DFND
73000
0
0
Visa
COM
92826C839
29984
186100
SH
SOLE
186100
0
0
Visa
COM
92826C839
124151
770550
SH
DFND
770550
0
0
WR Berkley Corp
COM
084423102
1409
27000
SH
DFND
27000
0
0
Walgreens Boots Alliance Inc
COM
931427108
31368
685650
SH
SOLE
685650
0
0
Walgreens Boots Alliance Inc
COM
931427108
50181
1096850
SH
DFND
1096850
0
0
Watsco Inc
COM
942622200
4283
27100
SH
SOLE
27100
0
0
Watsco Inc
COM
942622200
58455
369900
SH
DFND
369900
0
0
Wells Fargo
COM
949746101
918
32000
SH
SOLE
32000
0
0
Wells Fargo
COM
949746101
4691
163450
SH
DFND
163450
0
0
Whirlpool Corp
COM
963320106
449
5230
SH
SOLE
5230
0
0
Whirlpool Corp
COM
963320106
22798
265709
SH
DFND
265709
0
0