0000950123-19-009968.txt : 20191101
0000950123-19-009968.hdr.sgml : 20191101
20191101170557
ACCESSION NUMBER: 0000950123-19-009968
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20190930
FILED AS OF DATE: 20191101
DATE AS OF CHANGE: 20191101
EFFECTIVENESS DATE: 20191101
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: 191187524
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
09-30-2019
09-30-2019
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
11-01-2019
1
243
6618526
false
1
28-6056
Markel Gayner Asset Management Corporation
INFORMATION TABLE
2
form13fInfoTable.xml
INFORMATION TABLE FOR FORM 13F
3M Company
COM
88579Y101
12659
77000
SH
SOLE
77000
0
0
3M Company
COM
88579Y101
24002
146000
SH
DFND
1
146000
0
0
Accenture
COM
G1151C101
12907
67100
SH
SOLE
67100
0
0
Accenture
COM
G1151C101
17754
92300
SH
DFND
1
92300
0
0
Activision Blizzard Inc
COM
00507V109
95
1800
SH
SOLE
1800
0
0
Activision Blizzard Inc
COM
00507V109
14765
279000
SH
DFND
1
279000
0
0
Albemarle Corp
COM
012653101
5075
73000
SH
DFND
1
73000
0
0
Alleghany Corporation
COM
017175100
3453
4328
SH
SOLE
4328
0
0
Alphabet Inc
COM
02079K107
25293
20749
SH
SOLE
20749
0
0
Alphabet Inc
COM
02079K107
137124
112489
SH
DFND
1
112489
0
0
Alphabet Inc Class A
COM
02079K305
4030
3300
SH
SOLE
3300
0
0
Alphabet Inc Class A
COM
02079K305
11234
9200
SH
DFND
1
9200
0
0
Amazon.com
COM
023135106
33677
19400
SH
SOLE
19400
0
0
Amazon.com
COM
023135106
135153
77857
SH
DFND
1
77857
0
0
American Express
COM
025816109
1183
10000
SH
SOLE
10000
0
0
American Express
COM
025816109
54563
461300
SH
DFND
1
461300
0
0
American Tower
COM
03027X100
221
1000
SH
SOLE
1000
0
0
American Tower
COM
03027X100
9752
44100
SH
DFND
1
44100
0
0
Analog Devices Inc
COM
032654105
22744
203565
SH
SOLE
203565
0
0
Analog Devices Inc
COM
032654105
71535
640246
SH
DFND
1
640246
0
0
Anheuser-Busch Inbev ADR
COM
03524A108
1237
13000
SH
DFND
1
13000
0
0
Anthem Inc
COM
036752103
6963
29000
SH
SOLE
29000
0
0
Anthem Inc
COM
036752103
46819
195000
SH
DFND
1
195000
0
0
Aon Corporation
COM
G0408V102
7162
37000
SH
DFND
1
37000
0
0
Apollo Global Management - A
COM
03768E105
851
22500
SH
SOLE
22500
0
0
Apollo Global Management - A
COM
03768E105
37442
990000
SH
DFND
1
990000
0
0
Apple Inc
COM
037833100
2699
12050
SH
SOLE
12050
0
0
Apple Inc
COM
037833100
63862
285135
SH
DFND
1
285135
0
0
Archer Daniels
COM
039483102
24396
594000
SH
SOLE
594000
0
0
Archer Daniels
COM
039483102
35702
869300
SH
DFND
1
869300
0
0
Automatic Data Processing
COM
053015103
20500
127000
SH
SOLE
127000
0
0
Automatic Data Processing
COM
053015103
65165
403700
SH
DFND
1
403700
0
0
Autonation Inc
COM
05329W102
61
1200
SH
SOLE
1200
0
0
Autonation Inc
COM
05329W102
2130
42010
SH
DFND
1
42010
0
0
Ball Corporation
COM
058498106
2257
31000
SH
DFND
1
31000
0
0
Bank of New York Mellon Corp
COM
064058100
9313
206000
SH
DFND
1
206000
0
0
Berkshire Hathaway Class B
COM
084670702
137630
661620
SH
SOLE
661620
0
0
Berkshire Hathaway Class B
COM
084670702
179633
863537
SH
DFND
1
863537
0
0
Berkshire Hathaway, Inc.
COM
084670108
106023
340
SH
SOLE
340
0
0
Berkshire Hathaway, Inc.
COM
084670108
235745
756
SH
DFND
1
756
0
0
Blackrock Inc
COM
09247X101
5348
12000
SH
SOLE
12000
0
0
Blackrock Inc
COM
09247X101
91445
205200
SH
DFND
1
205200
0
0
Blackstone Group
COM
09260D107
1685
34500
SH
SOLE
34500
0
0
Blackstone Group
COM
09260D107
57216
1171500
SH
DFND
1
1171500
0
0
Boeing Co
COM
097023105
4528
11900
SH
SOLE
11900
0
0
Boeing Co
COM
097023105
31389
82500
SH
DFND
1
82500
0
0
Booking Holdings Inc
COM
09857L108
393
200
SH
DFND
1
200
0
0
Brookfield Asset Management
COM
112585104
79889
1504782
SH
SOLE
1504782
0
0
Brookfield Asset Management
COM
112585104
227085
4277359
SH
DFND
1
4277359
0
0
Brown Forman Class A
COM
115637100
29433
492600
SH
SOLE
492600
0
0
Brown Forman Class A
COM
115637100
20936
350400
SH
DFND
1
350400
0
0
Brown-Forman Class B
COM
115637209
14235
226750
SH
SOLE
226750
0
0
Brown-Forman Class B
COM
115637209
15534
247437
SH
DFND
1
247437
0
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CDK Global Inc
COM
12508E101
2036
42333
SH
SOLE
42333
0
0
CDK Global Inc
COM
12508E101
6471
134564
SH
DFND
1
134564
0
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CVS Corporation
COM
126650100
126
2000
SH
SOLE
2000
0
0
CVS Corporation
COM
126650100
20245
321000
SH
DFND
1
321000
0
0
Cable One
COM
12685J105
6524
5200
SH
DFND
1
5200
0
0
Carmax
COM
143130102
98483
1119126
SH
SOLE
1119126
0
0
Carmax
COM
143130102
333867
3793944
SH
DFND
1
3793944
0
0
Caterpillar Inc
COM
149123101
1263
10000
SH
SOLE
10000
0
0
Caterpillar Inc
COM
149123101
33851
268000
SH
DFND
1
268000
0
0
Charles Schwab
COM
808513105
5145
123000
SH
SOLE
123000
0
0
Charles Schwab
COM
808513105
39571
946000
SH
DFND
1
946000
0
0
Choice Hotels Intl Inc
COM
169905106
267
3000
SH
SOLE
3000
0
0
Choice Hotels Intl Inc
COM
169905106
16369
184000
SH
DFND
1
184000
0
0
Cisco
COM
17275R102
7313
148000
SH
SOLE
148000
0
0
Cisco
COM
17275R102
9586
194000
SH
DFND
1
194000
0
0
Citigroup Inc
COM
172967424
91
1320
SH
SOLE
1320
0
0
Citigroup Inc
COM
172967424
1164
16850
SH
DFND
1
16850
0
0
Colfax Corporation
COM
194014106
31532
1085070
SH
SOLE
1085070
0
0
Colfax Corporation
COM
194014106
1453
50000
SH
DFND
1
50000
0
0
Comcast Corp- Class A
COM
20030N101
4643
103000
SH
SOLE
103000
0
0
Comcast Corp- Class A
COM
20030N101
18843
418000
SH
DFND
1
418000
0
0
Costco
COM
22160K105
3745
13000
SH
SOLE
13000
0
0
Costco
COM
22160K105
7534
26150
SH
DFND
1
26150
0
0
Crown Holdings Inc
COM
228368106
6672
101000
SH
DFND
1
101000
0
0
DR Horton Inc
COM
23331A109
45
850
SH
SOLE
850
0
0
DR Horton Inc
COM
23331A109
1507
28597
SH
DFND
1
28597
0
0
Delta Air Lines
COM
247361702
346
6000
SH
SOLE
6000
0
0
Delta Air Lines
COM
247361702
20506
356000
SH
DFND
1
356000
0
0
Diageo PLC
COM
25243Q205
96199
588300
SH
SOLE
588300
0
0
Diageo PLC
COM
25243Q205
124520
761500
SH
DFND
1
761500
0
0
Discovery Communications
COM
25470F302
369
15000
SH
SOLE
15000
0
0
Discovery Communications
COM
25470F302
16298
662000
SH
DFND
1
662000
0
0
Disney
COM
254687106
44921
344700
SH
SOLE
344700
0
0
Disney
COM
254687106
195252
1498250
SH
DFND
1
1498250
0
0
Dollar Tree Inc
COM
256746108
1484
13000
SH
SOLE
13000
0
0
Dollar Tree Inc
COM
256746108
12558
110000
SH
DFND
1
110000
0
0
Ecolab
COM
278865100
4555
23000
SH
SOLE
23000
0
0
Ecolab
COM
278865100
54421
274800
SH
DFND
1
274800
0
0
Electronic Arts Inc
COM
285512109
88
900
SH
SOLE
900
0
0
Electronic Arts Inc
COM
285512109
11885
121500
SH
DFND
1
121500
0
0
Equifax Inc
COM
294429105
11887
84500
SH
DFND
1
84500
0
0
Facebook
COM
30303M102
3314
18610
SH
SOLE
18610
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0
Facebook
COM
30303M102
22043
123780
SH
DFND
1
123780
0
0
Factset Research
COM
303075105
5588
23000
SH
SOLE
23000
0
0
Factset Research
COM
303075105
22715
93490
SH
DFND
1
93490
0
0
General Dynamics
COM
369550108
8040
44000
SH
SOLE
44000
0
0
General Dynamics
COM
369550108
62676
343000
SH
DFND
1
343000
0
0
Goldman Sachs
COM
38141G104
3699
17850
SH
SOLE
17850
0
0
Goldman Sachs
COM
38141G104
65555
316340
SH
DFND
1
316340
0
0
Graham Holdings Co
COM
384637104
3450
5200
SH
DFND
1
5200
0
0
Hasbro, Inc
COM
418056107
12391
104400
SH
SOLE
104400
0
0
Hasbro, Inc
COM
418056107
30812
259600
SH
DFND
1
259600
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Healthcare Services Group
COM
421906108
486
20000
SH
SOLE
20000
0
0
Healthcare Services Group
COM
421906108
9145
376500
SH
DFND
1
376500
0
0
Heico Corp Class A
COM
422806208
749
7702
SH
SOLE
7702
0
0
Heico Corp Class A
COM
422806208
32175
330642
SH
DFND
1
330642
0
0
Hexcel Corp
COM
428291108
329
4000
SH
SOLE
4000
0
0
Hexcel Corp
COM
428291108
13880
169000
SH
DFND
1
169000
0
0
Home Depot
COM
437076102
8585
37000
SH
SOLE
37000
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Home Depot
COM
437076102
204874
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SH
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1
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Illinois Tool Works
COM
452308109
13302
85000
SH
SOLE
85000
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Illinois Tool Works
COM
452308109
31454
201000
SH
DFND
1
201000
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Illumina Inc
COM
452327109
304
1000
SH
DFND
1
1000
0
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Intl Flavors & Fragrances
COM
459506101
1840
15000
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15000
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Intl Flavors & Fragrances
COM
459506101
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Investors Title Company
COM
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1
213300
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JP Morgan
COM
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24622
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1
209210
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John Deere
COM
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SH
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1
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Johnson and Johnson
COM
478160104
14775
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SH
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114200
0
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Johnson and Johnson
COM
478160104
64250
496600
SH
DFND
1
496600
0
0
KKR & Co LLC
COM
48251W104
483
18000
SH
SOLE
18000
0
0
KKR & Co LLC
COM
48251W104
35243
1312600
SH
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1
1312600
0
0
Kraft Heinz Co
COM
500754106
978
35000
SH
DFND
1
35000
0
0
Lennar Corp - B
COM
526057302
965
21750
SH
DFND
1
21750
0
0
Lennar Corporation
COM
526057104
31
550
SH
SOLE
550
0
0
Lennar Corporation
COM
526057104
299
5350
SH
DFND
1
5350
0
0
Liberty Broadband A
COM
530307107
2273
21750
SH
SOLE
21750
0
0
Liberty Broadband A
COM
530307107
19179
183500
SH
DFND
1
183500
0
0
Liberty Broadband Class C
COM
530307305
4276
40853
SH
SOLE
40853
0
0
Liberty Broadband Class C
COM
530307305
13739
131260
SH
DFND
1
131260
0
0
Liberty Global PLC
COM
G5480U104
74
3000
SH
SOLE
3000
0
0
Liberty Global PLC
COM
G5480U104
4356
176000
SH
DFND
1
176000
0
0
Liberty Media Group A
COM
531229870
752
19000
SH
SOLE
19000
0
0
Liberty Media Group A
COM
531229870
8334
210500
SH
DFND
1
210500
0
0
Liberty Media Group C
COM
531229854
1206
29000
SH
SOLE
29000
0
0
Liberty Media Group C
COM
531229854
9586
230500
SH
DFND
1
230500
0
0
Liberty Sirius Group A
COM
531229409
2162
52000
SH
SOLE
52000
0
0
Liberty Sirius Group A
COM
531229409
15547
374000
SH
DFND
1
374000
0
0
Liberty Sirius Group C
COM
531229607
5623
134000
SH
SOLE
134000
0
0
Liberty Sirius Group C
COM
531229607
16280
388000
SH
DFND
1
388000
0
0
Linde PLC
COM
G5494J103
1143
5900
SH
SOLE
5900
0
0
Linde PLC
COM
G5494J103
17144
88500
SH
DFND
1
88500
0
0
Live Nation
COM
538034109
697
10500
SH
SOLE
10500
0
0
Live Nation
COM
538034109
31724
478200
SH
DFND
1
478200
0
0
Lowes
COM
548661107
23861
217000
SH
SOLE
217000
0
0
Lowes
COM
548661107
38816
353000
SH
DFND
1
353000
0
0
MSCI
COM
55354G100
218
1000
SH
SOLE
1000
0
0
MSCI
COM
55354G100
29614
136000
SH
DFND
1
136000
0
0
Marriott International
COM
571903202
25875
208049
SH
SOLE
208049
0
0
Marriott International
COM
571903202
169917
1366220
SH
DFND
1
1366220
0
0
Marsh & McLennan
COM
571748102
1751
17500
SH
SOLE
17500
0
0
Marsh & McLennan
COM
571748102
59230
592000
SH
DFND
1
592000
0
0
Mastercard, Inc
COM
57636Q104
9777
36000
SH
SOLE
36000
0
0
Mastercard, Inc
COM
57636Q104
45189
166400
SH
DFND
1
166400
0
0
Maxim Integrated Products
COM
57772K101
4054
70000
SH
SOLE
70000
0
0
Maxim Integrated Products
COM
57772K101
10540
182000
SH
DFND
1
182000
0
0
McKesson Corp
COM
58155Q103
642
4700
SH
SOLE
4700
0
0
McKesson Corp
COM
58155Q103
7571
55400
SH
DFND
1
55400
0
0
Microchip Technology
COM
595017104
372
4000
SH
SOLE
4000
0
0
Microchip Technology
COM
595017104
14401
155000
SH
DFND
1
155000
0
0
Microsoft Corp
COM
594918104
11818
85000
SH
SOLE
85000
0
0
Microsoft Corp
COM
594918104
52581
378200
SH
DFND
1
378200
0
0
Mohawk Industries
COM
608190104
620
5000
SH
SOLE
5000
0
0
Mohawk Industries
COM
608190104
25807
208000
SH
DFND
1
208000
0
0
Moody's Corp
COM
615369105
21302
104000
SH
SOLE
104000
0
0
Moody's Corp
COM
615369105
20960
102330
SH
DFND
1
102330
0
0
NVR Inc
COM
62944T105
372
100
SH
SOLE
100
0
0
NVR Inc
COM
62944T105
26598
7155
SH
DFND
1
7155
0
0
Nike
COM
654106103
7701
82000
SH
SOLE
82000
0
0
Nike
COM
654106103
26673
284000
SH
DFND
1
284000
0
0
Norfolk Southern
COM
655844108
13115
73000
SH
SOLE
73000
0
0
Norfolk Southern
COM
655844108
28117
156500
SH
DFND
1
156500
0
0
Novo-Nordisk A/S
COM
670100205
27142
525000
SH
SOLE
525000
0
0
Novo-Nordisk A/S
COM
670100205
28435
550000
SH
DFND
1
550000
0
0
Parker-Hannifin Corp
COM
701094104
1102
6100
SH
SOLE
6100
0
0
Parker-Hannifin Corp
COM
701094104
20319
112500
SH
DFND
1
112500
0
0
Paychex
COM
704326107
5794
70000
SH
SOLE
70000
0
0
Paychex
COM
704326107
6622
80000
SH
DFND
1
80000
0
0
Penske Automotive Group
COM
70959W103
1182
25000
SH
SOLE
25000
0
0
Penske Automotive Group
COM
70959W103
2222
47000
SH
DFND
1
47000
0
0
Pepsico
COM
713448108
2605
19000
SH
SOLE
19000
0
0
Pepsico
COM
713448108
17357
126600
SH
DFND
1
126600
0
0
Philip Morris International
COM
718172109
8694
114500
SH
DFND
1
114500
0
0
Progressive Corp
COM
743315103
4635
60000
SH
SOLE
60000
0
0
Progressive Corp
COM
743315103
40015
518000
SH
DFND
1
518000
0
0
RLI Corporation
COM
749607107
25736
277000
SH
SOLE
277000
0
0
RLI Corporation
COM
749607107
85502
920272
SH
DFND
1
920272
0
0
Rockwell Automation Inc
COM
773903109
1302
7900
SH
SOLE
7900
0
0
Rockwell Automation Inc
COM
773903109
20880
126700
SH
DFND
1
126700
0
0
Rollins, Inc.
COM
775711104
1249
36650
SH
SOLE
36650
0
0
Rollins, Inc.
COM
775711104
26292
771700
SH
DFND
1
771700
0
0
S&P Global
COM
78409V104
245
1000
SH
SOLE
1000
0
0
S&P Global
COM
78409V104
35767
146000
SH
DFND
1
146000
0
0
SEI Investments Co
COM
784117103
3496
59000
SH
SOLE
59000
0
0
SEI Investments Co
COM
784117103
19212
324200
SH
DFND
1
324200
0
0
Scotts Miracle-Gro Co
COM
810186106
3564
35000
SH
SOLE
35000
0
0
Scotts Miracle-Gro Co
COM
810186106
38284
376000
SH
DFND
1
376000
0
0
Shake Shack Inc - Class A
COM
819047101
294
3000
SH
SOLE
3000
0
0
Shake Shack Inc - Class A
COM
819047101
2647
27000
SH
DFND
1
27000
0
0
Sherwin Williams
COM
824348106
17046
31000
SH
DFND
1
31000
0
0
Southwest Airlines
COM
844741108
918
17000
SH
SOLE
17000
0
0
Southwest Airlines
COM
844741108
22603
418500
SH
DFND
1
418500
0
0
Starbucks Corp
COM
855244109
3581
40500
SH
SOLE
40500
0
0
Starbucks Corp
COM
855244109
41157
465468
SH
DFND
1
465468
0
0
Stericycle Inc
COM
858912108
1273
25000
SH
SOLE
25000
0
0
Stericycle Inc
COM
858912108
27655
543000
SH
DFND
1
543000
0
0
T.Rowe Price
COM
74144T108
3656
32000
SH
SOLE
32000
0
0
T.Rowe Price
COM
74144T108
32218
282000
SH
DFND
1
282000
0
0
Texas Instruments Inc
COM
882508104
22746
176000
SH
SOLE
176000
0
0
Texas Instruments Inc
COM
882508104
68174
527500
SH
DFND
1
527500
0
0
The Carlyle Group
COM
14309L102
1137
44500
SH
SOLE
44500
0
0
The Carlyle Group
COM
14309L102
28947
1132500
SH
DFND
1
1132500
0
0
The Travelers Companies Inc
COM
89417E109
46837
315000
SH
DFND
1
315000
0
0
TransUnion
COM
89400J107
243
3000
SH
SOLE
3000
0
0
TransUnion
COM
89400J107
5921
73000
SH
DFND
1
73000
0
0
Trupanion
COM
898202106
127
5000
SH
SOLE
5000
0
0
Trupanion
COM
898202106
1830
72000
SH
DFND
1
72000
0
0
Tyson Foods
COM
902494103
431
5000
SH
SOLE
5000
0
0
Tyson Foods
COM
902494103
28555
331500
SH
DFND
1
331500
0
0
Unilever PLC ADR
COM
904767704
240
4000
SH
SOLE
4000
0
0
Unilever PLC ADR
COM
904767704
91568
1523600
SH
DFND
1
1523600
0
0
Union Pacific
COM
907818108
1798
11100
SH
SOLE
11100
0
0
Union Pacific
COM
907818108
12030
74270
SH
DFND
1
74270
0
0
United Health Group Inc
COM
91324P102
24383
112200
SH
SOLE
112200
0
0
United Health Group Inc
COM
91324P102
105791
486800
SH
DFND
1
486800
0
0
United Technologies
COM
913017109
7454
54600
SH
SOLE
54600
0
0
United Technologies
COM
913017109
23126
169400
SH
DFND
1
169400
0
0
Verisk Analytics Inc
COM
92345Y106
158
1000
SH
SOLE
1000
0
0
Verisk Analytics Inc
COM
92345Y106
11544
73000
SH
DFND
1
73000
0
0
Visa
COM
92826C839
14810
86100
SH
SOLE
86100
0
0
Visa
COM
92826C839
148513
863400
SH
DFND
1
863400
0
0
WR Berkley Corp
COM
084423102
1950
27000
SH
DFND
1
27000
0
0
Walgreens Boots Alliance Inc
COM
931427108
37923
685650
SH
SOLE
685650
0
0
Walgreens Boots Alliance Inc
COM
931427108
81021
1464850
SH
DFND
1
1464850
0
0
Watsco Inc
COM
942622200
4585
27100
SH
SOLE
27100
0
0
Watsco Inc
COM
942622200
59111
349400
SH
DFND
1
349400
0
0
Wells Fargo
COM
949746101
1614
32000
SH
SOLE
32000
0
0
Wells Fargo
COM
949746101
6144
121800
SH
DFND
1
121800
0
0
Whirlpool Corp
COM
963320106
828
5230
SH
SOLE
5230
0
0
Whirlpool Corp
COM
963320106
39728
250869
SH
DFND
1
250869
0
0