Thomas Gayner - Markel Group Inc.
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    129
Portfolio value:    $11,938,885,174
Holdings Activity Buys Sells    History
Holding/activity history for  Philip Morris Intl. (PM)
Period Shares % of Portfolio Activity % Change to Portfolio Reported Price Value Filing
2026   Q1 114,500 0.16 $165.34 $18,931,431 SEC
2025   Q4 114,500 0.15 $160.40 $18,365,800 SEC
2025   Q3 114,500 0.15 $162.20 $18,571,900 SEC
2025   Q2 114,500 0.18 $182.13 $20,853,885 SEC
2025   Q1 114,500 0.16 $158.73 $18,174,585 SEC
2024   Q4 114,500 0.12 $120.35 $13,780,075 SEC
2024   Q3 114,500 0.13 $121.40 $13,900,300 SEC
2024   Q2 114,500 0.11 $101.33 $11,602,285 SEC
2024   Q1 114,500 0.10 $91.62 $10,490,491 SEC
2023   Q4 114,500 0.12 $94.08 $10,772,160 SEC
2023   Q3 114,500 0.13 $92.58 $10,600,411 SEC
2023   Q2 114,500 0.13 $97.62 $11,177,491 SEC
2023   Q1 114,500 0.14 $97.25 $11,135,125 SEC
2022   Q4 114,500 0.16 $101.21 $11,588,545 SEC
2022   Q3 114,500 0.14 $83.01 $9,505,000 SEC
2022   Q2 114,500 0.16 $98.74 $11,306,000 SEC
2022   Q1 114,500 0.13 $93.94 $10,756,000 SEC
2021   Q4 114,500 0.13 $95.00 $10,878,000 SEC
2021   Q3 114,500 0.14 $94.79 $10,853,000 SEC
2021   Q2 114,500 0.14 $99.11 $11,348,000 SEC
2021   Q1 114,500 0.14 $88.74 $10,161,000 SEC
2020   Q4 114,500 0.14 $82.79 $9,479,000 SEC
2020   Q3 114,500 0.15 $74.99 $8,586,000 SEC
2020   Q2 114,500 0.15 $70.06 $8,022,000 SEC
2020   Q1 114,500 0.16 $72.96 $8,354,000 SEC
2019   Q4 114,500 0.14 $85.09 $9,743,000 SEC
2019   Q3 114,500 0.13 $75.93 $8,694,000 SEC
2019   Q2 114,500 0.14 $78.53 $8,992,000 SEC
2019   Q1 114,500 0.17 $88.39 $10,121,000 SEC
2018   Q4 114,500 0.15 $66.76 $7,644,000 SEC
2018   Q3 114,500 0.16 $81.54 $9,336,000 SEC
2018   Q2 114,500 0.17 $80.74 $9,245,000 SEC
2018   Q1 114,500 0.22 $99.40 $11,381,000 SEC
2017   Q4 114,500 0.23 $105.65 $12,097,000 SEC
2017   Q3 114,500 0.26 $111.01 $12,711,000 SEC
2017   Q2 114,500 0.29 $117.45 $13,448,000 SEC
2017   Q1 114,500 0.30 $112.90 $12,927,000 SEC
2016   Q4 114,500 0.26 $91.49 $10,476,000 SEC
2016   Q3 114,500 0.29 $97.22 $11,132,000 SEC
2016   Q2 114,500 0.31 $101.72 $11,647,000 SEC
2016   Q1 114,500 0.31 $98.11 $11,234,000 SEC
2015   Q4 114,500 0.28 $87.91 $10,066,000 SEC
2015   Q3 114,500 0.24 $79.33 $9,083,000 SEC
2015   Q2 114,500 0.23 $80.17 $9,179,000 SEC
2015   Q1 114,500 0.22 $75.33 $8,625,000 SEC
2014   Q4 114,500 0.24 $81.45 $9,326,000 SEC
2014   Q3 114,500 0.28 $83.40 $9,549,000 SEC
2014   Q2 114,500 0.29 $84.31 $9,653,000 SEC
2014   Q1 114,500 0.30 $81.87 $9,374,000 SEC
2013   Q4 114,500 0.33 $87.13 $9,976,000 SEC
2013   Q3 114,500 0.35 Reduce 1.89% <0.01 $86.59 $9,915,000 SEC
2013   Q2 116,700 0.38 $86.62 $10,109,000 SEC
2013   Q1 116,700 0.42 $92.71 $10,819,000 SEC
2012   Q4 116,700 0.43 $83.64 $9,761,000 SEC
2012   Q3 116,700 0.49 $89.94 $10,496,000 SEC
2012   Q2 116,700 0.51 Add 1.92% <0.01 $87.26 $10,183,000 SEC
2012   Q1 114,500 0.50 Reduce 1.89% 0.01 $88.61 $10,146,000 SEC
2011   Q4 116,700 0.53 $78.48 $9,159,000 SEC
2011   Q3 116,700 0.47 $62.38 $7,280,000 SEC
2011   Q2 116,700 0.44 $66.77 $7,792,000 SEC
2011   Q1 116,700 0.45 $65.63 $7,659,000 SEC
2010   Q4 116,700 0.40 $58.53 $6,830,000 SEC
2010   Q3 116,700 0.43 $56.02 $6,538,000 SEC
2010   Q2 116,700 0.39 $45.84 $5,350,000 SEC
2010   Q1 116,700 0.41 $52.16 $6,087,000 SEC
2009   Q4 116,700 0.41 $48.19 $5,624,000 SEC
2009   Q3 116,700 0.45 $48.74 $5,688,000 SEC
2009   Q2 116,700 0.50 $43.62 $5,090,000 SEC
2009   Q1 116,700 0.45 $35.58 $4,152,000 SEC
2008   Q4 116,700 0.47 $43.51 $5,078,000 SEC
2008   Q3 116,700 0.38 $48.10 $5,613,000 SEC
2008   Q2 116,700 0.40 $49.39 $5,764,000 SEC
2008   Q1 116,700 0.34 Buy 0.34 $50.58 $5,903,000 SEC