0000950123-21-001096.txt : 20210205
0000950123-21-001096.hdr.sgml : 20210205
20210205163042
ACCESSION NUMBER: 0000950123-21-001096
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20201231
FILED AS OF DATE: 20210205
DATE AS OF CHANGE: 20210205
EFFECTIVENESS DATE: 20210205
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: 21596017
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
12-31-2020
12-31-2020
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
02-05-2021
1
203
6712777
false
1
28-6056
Markel Gayner Asset Management Corporation
INFORMATION TABLE
2
2552.xml
INFORMATION TABLE FOR FORM 13F
3M CO
COM
88579Y101
13459
77000
SH
SOLE
77000
0
0
3M CO
COM
88579Y101
27477
157200
SH
DFND
1
157200
0
0
ACCENTURE PLC IRELAN
SHS CLASS A
G1151C101
17527
67100
SH
SOLE
67100
0
0
ACCENTURE PLC IRELAN
SHS CLASS A
G1151C101
24110
92300
SH
DFND
1
92300
0
0
ACTIVISION BLIZZARD
COM
00507V109
167
1800
SH
SOLE
1800
0
0
ACTIVISION BLIZZARD
COM
00507V109
26304
283300
SH
DFND
1
283300
0
0
ALBEMARLE CORP
COM
012653101
11212
76000
SH
DFND
1
76000
0
0
ALLEGHANY CORP DEL
COM
017175100
2613
4328
SH
SOLE
4328
0
0
ALLSTATE CORP
COM
020002101
220
2000
SH
DFND
1
2000
0
0
ALPHABET INC
CAP STK CL A
02079K305
5784
3300
SH
SOLE
3300
0
0
ALPHABET INC
CAP STK CL A
02079K305
16124
9200
SH
DFND
1
9200
0
0
ALPHABET INC
CAP STK CL C
02079K107
74015
42249
SH
SOLE
42249
0
0
ALPHABET INC
CAP STK CL C
02079K107
166856
95244
SH
DFND
1
95244
0
0
AMAZON COM INC
COM
023135106
108781
33400
SH
SOLE
33400
0
0
AMAZON COM INC
COM
023135106
211837
65042
SH
DFND
1
65042
0
0
AMERICAN EXPRESS CO
COM
025816109
1209
10000
SH
SOLE
10000
0
0
AMERICAN EXPRESS CO
COM
025816109
57305
473950
SH
DFND
1
473950
0
0
AMERICAN TOWER CORP
COM
03027X100
224
1000
SH
SOLE
1000
0
0
AMERICAN TOWER CORP
COM
03027X100
11257
50150
SH
DFND
1
50150
0
0
ANALOG DEVICES INC
COM
032654105
30073
203565
SH
SOLE
203565
0
0
ANALOG DEVICES INC
COM
032654105
100788
682246
SH
DFND
1
682246
0
0
AON PLC
SHS CL A
G0403H108
7817
37000
SH
DFND
1
37000
0
0
APOLLO GLOBAL MGMT I
COM CL A
03768E105
1102
22500
SH
SOLE
22500
0
0
APOLLO GLOBAL MGMT I
COM CL A
03768E105
48490
990000
SH
DFND
1
990000
0
0
APPLE INC
COM
037833100
6396
48200
SH
SOLE
48200
0
0
APPLE INC
COM
037833100
152639
1150340
SH
DFND
1
1150340
0
0
ARCHER DANIELS MIDLA
COM
039483102
29944
594000
SH
SOLE
594000
0
0
ARCHER DANIELS MIDLA
COM
039483102
44578
884300
SH
DFND
1
884300
0
0
BALL CORP
COM
058498106
4286
46000
SH
DFND
1
46000
0
0
BANK NEW YORK MELLON
COM
064058100
15140
356750
SH
DFND
1
356750
0
0
BERKLEY W R CORP
COM
084423102
1793
27000
SH
DFND
1
27000
0
0
BERKSHIRE HATHAWAY I
CL A
084670108
229906
661
SH
SOLE
661
0
0
BERKSHIRE HATHAWAY I
CL A
084670108
157560
453
SH
DFND
1
453
0
0
BERKSHIRE HATHAWAY I
CL B NEW
084670702
202874
874947
SH
SOLE
874947
0
0
BERKSHIRE HATHAWAY I
CL B NEW
084670702
152344
657024
SH
DFND
1
657024
0
0
BLACKROCK INC
COM
09247X101
8658
12000
SH
SOLE
12000
0
0
BLACKROCK INC
COM
09247X101
150225
208200
SH
DFND
1
208200
0
0
BLACKSTONE GROUP INC
COM CL A
09260D107
2236
34500
SH
SOLE
34500
0
0
BLACKSTONE GROUP INC
COM CL A
09260D107
77416
1194500
SH
DFND
1
1194500
0
0
BROOKFIELD ASSET MGM
CL A LTD VT SH
112585104
147663
3577978
SH
SOLE
3577978
0
0
BROOKFIELD ASSET MGM
CL A LTD VT SH
112585104
211657
5128583
SH
DFND
1
5128583
0
0
BROWN FORMAN CORP
CL A
115637100
36191
492600
SH
SOLE
492600
0
0
BROWN FORMAN CORP
CL A
115637100
25744
350400
SH
DFND
1
350400
0
0
BROWN FORMAN CORP
CL B
115637209
18011
226750
SH
SOLE
226750
0
0
BROWN FORMAN CORP
CL B
115637209
19654
247437
SH
DFND
1
247437
0
0
CABLE ONE INC
COM
12685J105
11584
5200
SH
DFND
1
5200
0
0
CARLYLE GROUP INC
COM
14316J108
1399
44500
SH
SOLE
44500
0
0
CARLYLE GROUP INC
COM
14316J108
37021
1177500
SH
DFND
1
1177500
0
0
CARRIER GLOBAL CORPO
COM
14448C104
2060
54600
SH
SOLE
54600
0
0
CARRIER GLOBAL CORPO
COM
14448C104
6390
169400
SH
DFND
1
169400
0
0
CATERPILLAR INC DEL
COM
149123101
1820
10000
SH
SOLE
10000
0
0
CATERPILLAR INC DEL
COM
149123101
50511
277500
SH
DFND
1
277500
0
0
CISCO SYS INC
COM
17275R102
6623
148000
SH
SOLE
148000
0
0
CISCO SYS INC
COM
17275R102
8682
194000
SH
DFND
1
194000
0
0
CITIGROUP INC
COM NEW
172967424
81
1320
SH
SOLE
1320
0
0
CITIGROUP INC
COM NEW
172967424
1190
19300
SH
DFND
1
19300
0
0
COLFAX CORP
COM
194014106
41493
1085070
SH
SOLE
1085070
0
0
COLFAX CORP
COM
194014106
1912
50000
SH
DFND
1
50000
0
0
COMCAST CORP NEW
CL A
20030N101
5397
103000
SH
SOLE
103000
0
0
COMCAST CORP NEW
CL A
20030N101
21956
419000
SH
DFND
1
419000
0
0
COSTCO WHSL CORP NEW
COM
22160K105
4898
13000
SH
SOLE
13000
0
0
COSTCO WHSL CORP NEW
COM
22160K105
9853
26150
SH
DFND
1
26150
0
0
CROWN HLDGS INC
COM
228368106
11623
116000
SH
DFND
1
116000
0
0
CVS HEALTH CORP
COM
126650100
137
2000
SH
SOLE
2000
0
0
CVS HEALTH CORP
COM
126650100
22539
330000
SH
DFND
1
330000
0
0
D R HORTON INC
COM
23331A109
59
850
SH
SOLE
850
0
0
D R HORTON INC
COM
23331A109
906
13149
SH
DFND
1
13149
0
0
DEERE & CO
COM
244199105
203348
755800
SH
DFND
1
755800
0
0
DIAGEO PLC
SPON ADR NEW
25243Q205
117249
738300
SH
SOLE
738300
0
0
DIAGEO PLC
SPON ADR NEW
25243Q205
97161
611808
SH
DFND
1
611808
0
0
DISNEY WALT CO
COM DISNEY
254687106
123775
683158
SH
SOLE
683158
0
0
DISNEY WALT CO
COM DISNEY
254687106
213870
1180427
SH
DFND
1
1180427
0
0
EASTMAN CHEM CO
COM
277432100
602
6000
SH
DFND
1
6000
0
0
ECOLAB INC
COM
278865100
4976
23000
SH
SOLE
23000
0
0
ECOLAB INC
COM
278865100
61944
286300
SH
DFND
1
286300
0
0
ELECTRONIC ARTS INC
COM
285512109
129
900
SH
SOLE
900
0
0
ELECTRONIC ARTS INC
COM
285512109
17979
125200
SH
DFND
1
125200
0
0
EQUIFAX INC
COM
294429105
21984
114000
SH
DFND
1
114000
0
0
FACEBOOK INC
CL A
30303M102
5084
18610
SH
SOLE
18610
0
0
FACEBOOK INC
CL A
30303M102
34612
126710
SH
DFND
1
126710
0
0
FACTSET RESH SYS INC
COM
303075105
7648
23000
SH
SOLE
23000
0
0
FACTSET RESH SYS INC
COM
303075105
31162
93720
SH
DFND
1
93720
0
0
GENERAL DYNAMICS COR
COM
369550108
6548
44000
SH
SOLE
44000
0
0
GENERAL DYNAMICS COR
COM
369550108
51045
343000
SH
DFND
1
343000
0
0
GOLDMAN SACHS GROUP
COM
38141G104
4707
17850
SH
SOLE
17850
0
0
GOLDMAN SACHS GROUP
COM
38141G104
85877
325650
SH
DFND
1
325650
0
0
GRAHAM HLDGS CO
COM CL B
384637104
2774
5200
SH
DFND
1
5200
0
0
GUIDEWIRE SOFTWARE I
COM
40171V100
1673
13000
SH
DFND
1
13000
0
0
HEALTHCARE SVCS GROU
COM
421906108
562
20000
SH
SOLE
20000
0
0
HEALTHCARE SVCS GROU
COM
421906108
21426
762500
SH
DFND
1
762500
0
0
HEICO CORP NEW
CL A
422806208
902
7702
SH
SOLE
7702
0
0
HEICO CORP NEW
CL A
422806208
39267
335442
SH
DFND
1
335442
0
0
HEXCEL CORP NEW
COM
428291108
194
4000
SH
SOLE
4000
0
0
HEXCEL CORP NEW
COM
428291108
8971
185000
SH
DFND
1
185000
0
0
HOME DEPOT INC
COM
437076102
50621
190577
SH
SOLE
190577
0
0
HOME DEPOT INC
COM
437076102
193749
729423
SH
DFND
1
729423
0
0
IAC INTERACTIVECORP
COM
44891N109
370
1954
SH
DFND
1
1954
0
0
ILLINOIS TOOL WKS IN
COM
452308109
17330
85000
SH
SOLE
85000
0
0
ILLINOIS TOOL WKS IN
COM
452308109
49441
242500
SH
DFND
1
242500
0
0
ILLUMINA INC
COM
452327109
1480
4000
SH
DFND
1
4000
0
0
INTERNATIONAL FLAVOR
COM
459506101
1633
15000
SH
SOLE
15000
0
0
INTERNATIONAL FLAVOR
COM
459506101
14258
131000
SH
DFND
1
131000
0
0
INVESTORS TITLE CO N
COM
461804106
32635
213300
SH
DFND
1
213300
0
0
JOHNSON & JOHNSON
COM
478160104
17973
114200
SH
SOLE
114200
0
0
JOHNSON & JOHNSON
COM
478160104
78155
496600
SH
DFND
1
496600
0
0
JPMORGAN CHASE & CO
COM
46625H100
27517
216550
SH
DFND
1
216550
0
0
KKR & CO INC
COM
48251W104
2510
62000
SH
SOLE
62000
0
0
KKR & CO INC
COM
48251W104
53625
1324400
SH
DFND
1
1324400
0
0
LAMAR ADVERTISING CO
CL A
512816109
707
8500
SH
DFND
1
8500
0
0
LENNAR CORP
CL B
526057302
796
13000
SH
DFND
1
13000
0
0
LIBERTY BROADBAND CO
COM SER A
530307107
3427
21750
SH
SOLE
21750
0
0
LIBERTY BROADBAND CO
COM SER A
530307107
28916
183500
SH
DFND
1
183500
0
0
LIBERTY BROADBAND CO
COM SER C
530307305
6470
40853
SH
SOLE
40853
0
0
LIBERTY BROADBAND CO
COM SER C
530307305
20788
131260
SH
DFND
1
131260
0
0
LIBERTY GLOBAL PLC
SHS CL A
G5480U104
73
3000
SH
SOLE
3000
0
0
LIBERTY GLOBAL PLC
SHS CL A
G5480U104
4263
176000
SH
DFND
1
176000
0
0
LIBERTY MEDIA CORP D
COM A SIRIUSXM
531229409
2246
52000
SH
SOLE
52000
0
0
LIBERTY MEDIA CORP D
COM A SIRIUSXM
531229409
16153
374000
SH
DFND
1
374000
0
0
LIBERTY MEDIA CORP D
COM C SIRIUSXM
531229607
5830
134000
SH
SOLE
134000
0
0
LIBERTY MEDIA CORP D
COM C SIRIUSXM
531229607
16882
388000
SH
DFND
1
388000
0
0
LINDE PLC
SHS
G5494J103
1555
5900
SH
SOLE
5900
0
0
LINDE PLC
SHS
G5494J103
23321
88500
SH
DFND
1
88500
0
0
LOWES COS INC
COM
548661107
41251
257000
SH
SOLE
257000
0
0
LOWES COS INC
COM
548661107
53209
331500
SH
DFND
1
331500
0
0
MARSH & MCLENNAN COS
COM
571748102
2048
17500
SH
SOLE
17500
0
0
MARSH & MCLENNAN COS
COM
571748102
69264
592000
SH
DFND
1
592000
0
0
MASTERCARD INCORPORA
CL A
57636Q104
12850
36000
SH
SOLE
36000
0
0
MASTERCARD INCORPORA
CL A
57636Q104
61180
171400
SH
DFND
1
171400
0
0
MATCH GROUP INC NEW
COM
57667L107
538
3560
SH
DFND
1
3560
0
0
MAXIM INTEGRATED PRO
COM
57772K101
6206
70000
SH
SOLE
70000
0
0
MAXIM INTEGRATED PRO
COM
57772K101
16134
182000
SH
DFND
1
182000
0
0
MICROCHIP TECHNOLOGY
COM
595017104
552
4000
SH
SOLE
4000
0
0
MICROCHIP TECHNOLOGY
COM
595017104
21959
159000
SH
DFND
1
159000
0
0
MICROSOFT CORP
COM
594918104
18906
85000
SH
SOLE
85000
0
0
MICROSOFT CORP
COM
594918104
87571
393720
SH
DFND
1
393720
0
0
MOHAWK INDS INC
COM
608190104
705
5000
SH
SOLE
5000
0
0
MOHAWK INDS INC
COM
608190104
30445
216000
SH
DFND
1
216000
0
0
MOODYS CORP
COM
615369105
30185
104000
SH
SOLE
104000
0
0
MOODYS CORP
COM
615369105
31085
107100
SH
DFND
1
107100
0
0
MSCI INC
COM
55354G100
447
1000
SH
SOLE
1000
0
0
MSCI INC
COM
55354G100
60728
136000
SH
DFND
1
136000
0
0
NIKE INC
CL B
654106103
11601
82000
SH
SOLE
82000
0
0
NIKE INC
CL B
654106103
40177
284000
SH
DFND
1
284000
0
0
NORFOLK SOUTHN CORP
COM
655844108
17346
73000
SH
SOLE
73000
0
0
NORFOLK SOUTHN CORP
COM
655844108
37186
156500
SH
DFND
1
156500
0
0
NOVO-NORDISK A S
ADR
670100205
36671
525000
SH
SOLE
525000
0
0
NOVO-NORDISK A S
ADR
670100205
38418
550000
SH
DFND
1
550000
0
0
NVR INC
COM
62944T105
408
100
SH
SOLE
100
0
0
NVR INC
COM
62944T105
38436
9421
SH
DFND
1
9421
0
0
O-I GLASS INC
COM
67098H104
5641
474000
SH
DFND
1
474000
0
0
OTIS WORLDWIDE CORP
COM
68902V107
1844
27300
SH
SOLE
27300
0
0
OTIS WORLDWIDE CORP
COM
68902V107
5793
85760
SH
DFND
1
85760
0
0
PAYCHEX INC
COM
704326107
6523
70000
SH
SOLE
70000
0
0
PAYCHEX INC
COM
704326107
7454
80000
SH
DFND
1
80000
0
0
PAYPAL HLDGS INC
COM
70450Y103
429
1830
SH
DFND
1
1830
0
0
PEPSICO INC
COM
713448108
14268
96210
SH
DFND
1
96210
0
0
PHILIP MORRIS INTL I
COM
718172109
9479
114500
SH
DFND
1
114500
0
0
PRICE T ROWE GROUP I
COM
74144T108
4844
32000
SH
SOLE
32000
0
0
PRICE T ROWE GROUP I
COM
74144T108
42692
282000
SH
DFND
1
282000
0
0
PROGRESSIVE CORP
COM
743315103
5933
60000
SH
SOLE
60000
0
0
PROGRESSIVE CORP
COM
743315103
60960
616500
SH
DFND
1
616500
0
0
RAYTHEON TECHNOLOGIE
COM
75513E101
3904
54600
SH
SOLE
54600
0
0
RAYTHEON TECHNOLOGIE
COM
75513E101
12114
169400
SH
DFND
1
169400
0
0
RLI CORP
COM
749607107
39265
377000
SH
SOLE
377000
0
0
RLI CORP
COM
749607107
85431
820272
SH
DFND
1
820272
0
0
ROCKWELL AUTOMATION
COM
773903109
1981
7900
SH
SOLE
7900
0
0
ROCKWELL AUTOMATION
COM
773903109
33659
134200
SH
DFND
1
134200
0
0
ROLLINS INC
COM
775711104
2148
54975
SH
SOLE
54975
0
0
ROLLINS INC
COM
775711104
46427
1188300
SH
DFND
1
1188300
0
0
S&P GLOBAL INC
COM
78409V104
329
1000
SH
SOLE
1000
0
0
S&P GLOBAL INC
COM
78409V104
48080
146260
SH
DFND
1
146260
0
0
SCHWAB CHARLES CORP
COM
808513105
6524
123000
SH
SOLE
123000
0
0
SCHWAB CHARLES CORP
COM
808513105
51571
972300
SH
DFND
1
972300
0
0
SEI INVTS CO
COM
784117103
3391
59000
SH
SOLE
59000
0
0
SEI INVTS CO
COM
784117103
21103
367200
SH
DFND
1
367200
0
0
SHAKE SHACK INC
CL A
819047101
254
3000
SH
SOLE
3000
0
0
SHAKE SHACK INC
CL A
819047101
2340
27600
SH
DFND
1
27600
0
0
SHERWIN WILLIAMS CO
COM
824348106
22829
31064
SH
DFND
1
31064
0
0
STARBUCKS CORP
COM
855244109
4333
40500
SH
SOLE
40500
0
0
STARBUCKS CORP
COM
855244109
52133
487318
SH
DFND
1
487318
0
0
STERICYCLE INC
COM
858912108
1733
25000
SH
SOLE
25000
0
0
STERICYCLE INC
COM
858912108
39428
568700
SH
DFND
1
568700
0
0
TEXAS INSTRS INC
COM
882508104
28887
176000
SH
SOLE
176000
0
0
TEXAS INSTRS INC
COM
882508104
89943
548000
SH
DFND
1
548000
0
0
TRANSUNION
COM
89400J107
298
3000
SH
SOLE
3000
0
0
TRANSUNION
COM
89400J107
9079
91500
SH
DFND
1
91500
0
0
TRUPANION INC
COM
898202106
599
5000
SH
SOLE
5000
0
0
TRUPANION INC
COM
898202106
15359
128300
SH
DFND
1
128300
0
0
TWITTER INC
COM
90184L102
460
8500
SH
DFND
1
8500
0
0
TYSON FOODS INC
CL A
902494103
322
5000
SH
SOLE
5000
0
0
TYSON FOODS INC
CL A
902494103
23778
369000
SH
DFND
1
369000
0
0
UNION PAC CORP
COM
907818108
2311
11100
SH
SOLE
11100
0
0
UNION PAC CORP
COM
907818108
15533
74598
SH
DFND
1
74598
0
0
VERISK ANALYTICS INC
COM
92345Y106
208
1000
SH
SOLE
1000
0
0
VERISK ANALYTICS INC
COM
92345Y106
15154
73000
SH
DFND
1
73000
0
0
VISA INC
COM CL A
92826C839
40706
186100
SH
SOLE
186100
0
0
VISA INC
COM CL A
92826C839
168562
770640
SH
DFND
1
770640
0
0
WATSCO INC
COM
942622200
6140
27100
SH
SOLE
27100
0
0
WATSCO INC
COM
942622200
84254
371900
SH
DFND
1
371900
0
0
WELLS FARGO CO NEW
COM
949746101
966
32000
SH
SOLE
32000
0
0
WELLS FARGO CO NEW
COM
949746101
4933
163450
SH
DFND
1
163450
0
0
WHIRLPOOL CORP
COM
963320106
944
5230
SH
SOLE
5230
0
0
WHIRLPOOL CORP
COM
963320106
48014
266019
SH
DFND
1
266019
0
0