MARKEL GROUP INC. Diversified Active

Name: MARKEL GROUP INC. Q2 2026 13F Filing | 13F Explorer
Creator: MARKEL GROUP INC.
Published: 2026-07-31

Location: Glen Allen, VA

CIK: 0001096343 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Jul 31, 2026

Total Value: $13.13B (100.0% shares, 0.0% debt)

Holdings (130)

New Positions (3)

ZTS ZOETIS INC 0.0%

Value $4.757M Shares 66,195 Est. Cost $71.86 Unrealized —

NFLX NETFLIX INC. 0.0%

Value $2.856M Shares 40,000 Est. Cost $71.40 Unrealized —

UFPI UFP INDUSTRIES INC 0.0%

Value $363K Shares 4,000 Est. Cost $90.74 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ZTS	ZOETIS INC	66,195	$4.757M	0.0%	$71.86	—	CL A	98978V103
NFLX	NETFLIX INC.	40,000	$2.856M	0.0%	$71.40	—	COM	64110L106
UFPI	UFP INDUSTRIES INC	4,000	$363K	0.0%	$90.74	—	COM	90278Q108

Increased Positions (20)

WSO WATSCO INC 1.9%

Value $249M (+17.6%) Shares 597,750 (+2.7%) Est. Cost $206.92 Unrealized —

MELI MERCADOLIBRE INC 0.3%

Value $40.74M (+332.3%) Shares 24,000 (+340.4%) Est. Cost $1781.20 Unrealized —

ROL ROLLINS INC 0.5%

Value $63.3M (-20.9%) Shares 1,516,525 (+1.2%) Est. Cost $25.00 Unrealized —

FNV FRANCO NEV CORP 1.2%

Value $161M (-7.9%) Shares 773,500 (+9.2%) Est. Cost $147.10 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 0.2%

Value $20.92M (+173.6%) Shares 569,000 (+181.7%) Est. Cost $37.14 Unrealized —

LIN LINDE PLC 0.9%

Value $112M (+10.3%) Shares 215,600 (+5.4%) Est. Cost $380.89 Unrealized —

SUNB SUNBELT RENTALS HOLDINGS INC 0.6%

Value $72.89M (+16.2%) Shares 974,361 (+1.1%) Est. Cost $65.20 Unrealized —

LOW LOWES COS INC 1.3%

Value $166M (-5.0%) Shares 751,980 (+1.8%) Est. Cost $71.28 Unrealized —

UNP UNION PAC CORP 0.3%

Value $43.8M (+20.1%) Shares 161,028 (+7.2%) Est. Cost $144.95 Unrealized —

MAR MARRIOTT INTL INC NEW 0.3%

Value $36.87M (+20.3%) Shares 99,500 (+6.1%) Est. Cost $265.88 Unrealized —

HCA HCA HEALTHCARE INC 0.3%

Value $32.89M (-15.7%) Shares 84,366 (+2.3%) Est. Cost $340.34 Unrealized —

CSX CSX CORP 0.2%

Value $27.78M (+27.7%) Shares 584,500 (+10.3%) Est. Cost $35.91 Unrealized —

TSN TYSON FOODS INC 0.4%

Value $52.3M (-8.2%) Shares 913,500 (+2.7%) Est. Cost $52.76 Unrealized —

APD AIR PRODUCTS AND CHEMICALS I 0.2%

Value $25.95M (+18.3%) Shares 88,500 (+17.2%) Est. Cost $262.25 Unrealized —

TMO THERMO FISHER SCIENTIFIC INC 0.3%

Value $36.65M (+11.1%) Shares 73,100 (+8.9%) Est. Cost $530.68 Unrealized —

FERG FERGUSON ENTERPRISES INC 0.3%

Value $42.77M (+7.4%) Shares 180,200 (+5.6%) Est. Cost $203.47 Unrealized —

WY WEYERHAEUSER CO 0.0%

Value $2.873M (+572.0%) Shares 120,000 (+585.7%) Est. Cost $23.92 Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 0.0%

Value $6.325M (+35.2%) Shares 73,000 (+22.7%) Est. Cost $77.58 Unrealized —

OTIS OTIS WORLDWIDE CORP 0.1%

Value $9.567M (+8.3%) Shares 133,620 (+16.6%) Est. Cost $50.91 Unrealized —

XOM EXXON MOBIL CORP 0.1%

Value $7.67M (-3.8%) Shares 56,100 (+19.4%) Est. Cost $122.35 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WSO	WATSCO INC	597,750 (+2.7%)	$249M (+17.6%)	1.9%	$206.92	—	COM	942622200
MELI	MERCADOLIBRE INC	24,000 (+340.4%)	$40.74M (+332.3%)	0.3%	$1781.20	—	COM	58733R102
ROL	ROLLINS INC	1,516,525 (+1.2%)	$63.3M (-20.9%)	0.5%	$25.00	—	COM	775711104
FNV	FRANCO NEV CORP	773,500 (+9.2%)	$161M (-7.9%)	1.2%	$147.10	—	COM	351858105
EPD	ENTERPRISE PRODS PARTNERS L	569,000 (+181.7%)	$20.92M (+173.6%)	0.2%	$37.14	—	COM	293792107
LIN	LINDE PLC	215,600 (+5.4%)	$112M (+10.3%)	0.9%	$380.89	—	SHS	G54950103
SUNB	SUNBELT RENTALS HOLDINGS INC	974,361 (+1.1%)	$72.89M (+16.2%)	0.6%	$65.20	—	SHS	866966104
LOW	LOWES COS INC	751,980 (+1.8%)	$166M (-5.0%)	1.3%	$71.28	—	COM	548661107
UNP	UNION PAC CORP	161,028 (+7.2%)	$43.8M (+20.1%)	0.3%	$144.95	—	COM	907818108
MAR	MARRIOTT INTL INC NEW	99,500 (+6.1%)	$36.87M (+20.3%)	0.3%	$265.88	—	CL A	571903202
HCA	HCA HEALTHCARE INC	84,366 (+2.3%)	$32.89M (-15.7%)	0.3%	$340.34	—	COM	40412C101
CSX	CSX CORP	584,500 (+10.3%)	$27.78M (+27.7%)	0.2%	$35.91	—	COM	126408103
TSN	TYSON FOODS INC	913,500 (+2.7%)	$52.3M (-8.2%)	0.4%	$52.76	—	CL A	902494103
APD	AIR PRODUCTS AND CHEMICALS I	88,500 (+17.2%)	$25.95M (+18.3%)	0.2%	$262.25	—	COM	009158106
TMO	THERMO FISHER SCIENTIFIC INC	73,100 (+8.9%)	$36.65M (+11.1%)	0.3%	$530.68	—	COM	883556102
FERG	FERGUSON ENTERPRISES INC	180,200 (+5.6%)	$42.77M (+7.4%)	0.3%	$203.47	—	COMMON STOCK NEW	31488V107
WY	WEYERHAEUSER CO	120,000 (+585.7%)	$2.873M (+572.0%)	0.0%	$23.92	—	COM NEW	962166104
CP	CANADIAN PACIFIC KANSAS CITY	73,000 (+22.7%)	$6.325M (+35.2%)	0.0%	$77.58	—	COM	13646K108
OTIS	OTIS WORLDWIDE CORP	133,620 (+16.6%)	$9.567M (+8.3%)	0.1%	$50.91	—	COM	68902V107
XOM	EXXON MOBIL CORP	56,100 (+19.4%)	$7.67M (-3.8%)	0.1%	$122.35	—	COM	30231G102

Exited Positions (2)

SMG SCOTTS MIRACLE-GRO CO 0.1%

Value $10.22M Shares 168,000 Est. Cost $57.72 Unrealized —

UNH UNITEDHEALTH GROUP INC 0.0%

Value $5.06M Shares 18,700 Est. Cost $501.11 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SMG	SCOTTS MIRACLE-GRO CO	168,000	$10.22M	0.1%	$57.72	—	—	810186106
UNH	UNITEDHEALTH GROUP INC	18,700	$5.06M	0.0%	$501.11	—	—	91324P102

Decreased Positions (3)

ADI ANALOG DEVICES INC 3.0%

Value $397M (+22.0%) Shares 999,671 (-2.3%) Est. Cost $86.30 Unrealized —

META META PLATFORMS INC 1.0%

Value $132M (-7.2%) Shares 234,163 (-5.7%) Est. Cost $179.65 Unrealized —

CMCSA COMCAST CORP NEW 0.1%

Value $19.69M (-28.7%) Shares 802,074 (-16.6%) Est. Cost $38.84 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
ADI	ANALOG DEVICES INC	999,671 (-2.3%)	$397M (+22.0%)	3.0%	$86.30	—	COM	032654105
META	META PLATFORMS INC	234,163 (-5.7%)	$132M (-7.2%)	1.0%	$179.65	—	CL A	30303M102
CMCSA	COMCAST CORP NEW	802,074 (-16.6%)	$19.69M (-28.7%)	0.1%	$38.84	—	CL A	20030N101

Unchanged Positions (104)

GOOG ALPHABET INC 7.4%

Value $972M Shares 2,749,860 Est. Cost $107.52 Unrealized —

CAT CATERPILLAR INC 2.7%

Value $350M Shares 328,650 Est. Cost $93.16 Unrealized —

TXN TEXAS INSTRS INC 1.6%

Value $216M Shares 724,000 Est. Cost $62.49 Unrealized —

DE DEERE & CO 4.2%

Value $557M Shares 877,900 Est. Cost $108.47 Unrealized —

AMZN AMAZON COM INC 3.7%

Value $484M Shares 2,030,760 Est. Cost $121.25 Unrealized —

GS GOLDMAN SACHS GROUP INC 2.8%

Value $363M Shares 359,360 Est. Cost $182.02 Unrealized —

V VISA INC 2.6%

Value $348M Shares 1,013,912 Est. Cost $66.29 Unrealized —

AAPL APPLE INC 2.7%

Value $355M Shares 1,227,290 Est. Cost $88.62 Unrealized —

GOOGL ALPHABET INC 1.6%

Value $204M Shares 572,000 Est. Cost $105.45 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 6.4%

Value $834M Shares 1,114 Est. Cost $206742.08 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 5.8%

Value $767M Shares 1,531,971 Est. Cost $110.02 Unrealized —

NVO NOVO-NORDISK A S 1.0%

Value $138M Shares 2,869,774 Est. Cost $73.22 Unrealized —

BN BROOKFIELD CORP 4.2%

Value $557M Shares 13,073,609 Est. Cost $29.78 Unrealized —

HD HOME DEPOT INC 2.5%

Value $325M Shares 922,500 Est. Cost $56.05 Unrealized —

ROK ROCKWELL AUTOMATION INC 0.6%

Value $76.69M Shares 154,900 Est. Cost $125.10 Unrealized —

HEI/A HEICO CORP NEW 0.7%

Value $97.91M Shares 379,644 Est. Cost $60.40 Unrealized —

AXP AMERICAN EXPRESS CO 1.3%

Value $166M Shares 490,450 Est. Cost $69.87 Unrealized —

PGR PROGRESSIVE CORP 1.3%

Value $165M Shares 753,750 Est. Cost $56.10 Unrealized —

CSCO CISCO SYS INC 0.3%

Value $41.76M Shares 355,500 Est. Cost $23.20 Unrealized —

AMAT APPLIED MATLS INC 0.2%

Value $26.28M Shares 36,350 Est. Cost $191.89 Unrealized —

URI UNITED RENTALS INC 0.3%

Value $35.29M Shares 31,150 Est. Cost $619.24 Unrealized —

ITIC INVESTORS TITLE CO NC 0.4%

Value $58.38M Shares 213,300 Est. Cost $70.48 Unrealized —

ACN ACCENTURE PLC IRELAND 0.2%

Value $19.84M Shares 159,400 Est. Cost $70.60 Unrealized —

THG HANOVER INS GROUP INC 0.5%

Value $60.17M Shares 281,000 Est. Cost $125.28 Unrealized —

LPLA LPL FINL HLDGS INC 1.2%

Value $158M Shares 559,951 Est. Cost $234.16 Unrealized —

ODFL OLD DOMINION FREIGHT LINE IN 0.7%

Value $92.95M Shares 429,150 Est. Cost $176.40 Unrealized —

JPM JPMORGAN CHASE & CO 0.6%

Value $82.67M Shares 252,550 Est. Cost $68.28 Unrealized —

CG CARLYLE GROUP INC 0.4%

Value $55.88M Shares 1,327,000 Est. Cost $24.00 Unrealized —

DEO DIAGEO PLC 0.8%

Value $110M Shares 1,372,208 Est. Cost $114.88 Unrealized —

SBUX STARBUCKS CORP 0.5%

Value $63.75M Shares 623,818 Est. Cost $56.40 Unrealized —

FIX COMFORT SYS USA INC 0.2%

Value $25.77M Shares 13,000 Est. Cost $248.33 Unrealized —

NSC NORFOLK SOUTHN CORP 0.7%

Value $88.87M Shares 282,500 Est. Cost $104.03 Unrealized —

TROW PRICE T ROWE GROUP INC 0.3%

Value $35.7M Shares 314,000 Est. Cost $48.35 Unrealized —

APO APOLLO GLOBAL MGMT INC 0.9%

Value $120M Shares 1,012,500 Est. Cost $61.02 Unrealized —

LMT LOCKHEED MARTIN CORP 0.3%

Value $33.22M Shares 65,213 Est. Cost $415.73 Unrealized —

JNJ JOHNSON & JOHNSON 1.2%

Value $155M Shares 610,800 Est. Cost $60.45 Unrealized —

LAMR LAMAR ADVERTISING CO 0.2%

Value $30.1M Shares 193,000 Est. Cost $112.23 Unrealized —

ADM ARCHER DANIELS MIDLAND CO 0.9%

Value $115M Shares 1,505,800 Est. Cost $25.29 Unrealized —

NKE NIKE INC 0.1%

Value $18.37M Shares 447,400 Est. Cost $49.58 Unrealized —

MRSH MARSH & MCLENNAN COS INC 1.0%

Value $127M Shares 763,500 Est. Cost $68.84 Unrealized —

RLI RLI CORP 1.1%

Value $141M Shares 2,394,544 Est. Cost $42.78 Unrealized —

ALL ALLSTATE CORP 0.3%

Value $36.77M Shares 154,550 Est. Cost $112.37 Unrealized —

GD GENERAL DYNAMICS CORP 1.1%

Value $139M Shares 391,000 Est. Cost $56.44 Unrealized —

ABNB AIRBNB INC 0.3%

Value $34.69M Shares 242,389 Est. Cost $132.26 Unrealized —

CARR CARRIER GLOBAL CORPORATION 0.1%

Value $17.24M Shares 235,000 Est. Cost $18.71 Unrealized —

CME CME GROUP INC 0.1%

Value $10.99M Shares 49,750 Est. Cost $264.70 Unrealized —

HXL HEXCEL CORP NEW 0.1%

Value $18.91M Shares 189,000 Est. Cost $62.10 Unrealized —

MCO MOODYS CORP 0.7%

Value $96.88M Shares 213,890 Est. Cost $70.54 Unrealized —

ECL ECOLAB INC 0.6%

Value $76.42M Shares 274,300 Est. Cost $110.32 Unrealized —

ITW ILLINOIS TOOL WKS INC 0.7%

Value $88.58M Shares 327,500 Est. Cost $75.74 Unrealized —

BX BLACKSTONE INC 1.1%

Value $145M Shares 1,229,000 Est. Cost $39.26 Unrealized —

BK BANK NEW YORK MELLON CORP 0.1%

Value $18M Shares 124,500 Est. Cost $39.30 Unrealized —

HGTY HAGERTY INC 0.3%

Value $35.9M Shares 3,108,000 Est. Cost $9.28 Unrealized —

DG DOLLAR GEN CORP 0.8%

Value $100M Shares 869,250 Est. Cost $162.59 Unrealized —

MSCI MSCI INC 0.6%

Value $80M Shares 142,850 Est. Cost $74.37 Unrealized —

MA MASTERCARD INCORPORATED 0.8%

Value $107M Shares 207,540 Est. Cost $102.49 Unrealized —

NVR NVR INC 0.6%

Value $82.42M Shares 12,097 Est. Cost $3656.60 Unrealized —

HII HUNTINGTON INGALLS INDS INC 0.1%

Value $7.697M Shares 27,500 Est. Cost $231.41 Unrealized —

NSP INSPERITY INC 0.1%

Value $7.491M Shares 181,336 Est. Cost $73.10 Unrealized —

CCK CROWN HLDGS INC 0.2%

Value $24.6M Shares 220,000 Est. Cost $68.83 Unrealized —

HSY HERSHEY CO 0.1%

Value $13.16M Shares 75,000 Est. Cost $181.41 Unrealized —

COST COSTCO WHOLESALE CORPORATION 0.3%

Value $36.62M Shares 39,150 Est. Cost $86.56 Unrealized —

SHW SHERWIN WILLIAMS CO 0.2%

Value $32.43M Shares 94,172 Est. Cost $218.58 Unrealized —

SPGI S&P GLOBAL INC 0.4%

Value $47.93M Shares 117,690 Est. Cost $96.34 Unrealized —

PEP PEPSICO INC 0.1%

Value $13.03M Shares 96,210 Est. Cost $57.47 Unrealized —

PM PHILIP MORRIS INTL INC 0.2%

Value $20.71M Shares 114,500 Est. Cost $49.85 Unrealized —

FDS FACTSET RESH SYS INC 0.2%

Value $31.15M Shares 135,376 Est. Cost $126.58 Unrealized —

CBOE CBOE GLOBAL MKTS INC 0.1%

Value $10.6M Shares 43,700 Est. Cost $234.24 Unrealized —

COF CAPITAL ONE FINL CORP 0.1%

Value $18.26M Shares 91,000 Est. Cost $98.39 Unrealized —

SEIC SEI INVTS CO 0.1%

Value $15.19M Shares 173,200 Est. Cost $40.52 Unrealized —

VRSK VERISK ANALYTICS INC 0.2%

Value $28M Shares 155,950 Est. Cost $152.36 Unrealized —

EFX EQUIFAX INC 0.1%

Value $11.56M Shares 72,850 Est. Cost $143.86 Unrealized —

KMX CARMAX INC 0.1%

Value $7.219M Shares 136,500 Est. Cost $69.85 Unrealized —

MSFT MICROSOFT CORP 1.5%

Value $201M Shares 537,630 Est. Cost $85.15 Unrealized —

RNR RENAISSANCERE HLDGS LTD 0.2%

Value $22.18M Shares 70,000 Est. Cost $195.72 Unrealized —

SCHW SCHWAB CHARLES CORP 1.0%

Value $129M Shares 1,394,800 Est. Cost $24.81 Unrealized —

AON AON PLC 0.3%

Value $45.04M Shares 135,800 Est. Cost $272.73 Unrealized —

YUM YUM BRANDS INC 0.3%

Value $39.2M Shares 245,213 Est. Cost $134.19 Unrealized —

IQV IQVIA HLDGS INC 0.1%

Value $9.062M Shares 46,900 Est. Cost $212.07 Unrealized —

KKR KKR & CO INC 1.0%

Value $133M Shares 1,451,800 Est. Cost $24.78 Unrealized —

ICE INTERCONTINENTAL EXCHANGE IN 0.0%

Value $3.554M Shares 28,870 Est. Cost $149.07 Unrealized —

MGM MGM RESORTS INTERNATIONAL 0.0%

Value $4.183M Shares 87,500 Est. Cost $35.48 Unrealized —

AYI ACUITY INC 0.0%

Value $3.672M Shares 9,750 Est. Cost $304.58 Unrealized —

PAYX PAYCHEX INC 0.1%

Value $14.75M Shares 150,000 Est. Cost $25.02 Unrealized —

CNI CANADIAN NATL RY CO 0.0%

Value $6.379M Shares 53,500 Est. Cost $97.09 Unrealized —

BAM BROOKFIELD ASSET MANAGMT LTD 0.7%

Value $98.4M Shares 2,193,953 Est. Cost $27.10 Unrealized —

RTX RTX CORPORATION 0.3%

Value $42.5M Shares 224,000 Est. Cost $118.27 Unrealized —

EMN EASTMAN CHEM CO 0.0%

Value $5.02M Shares 74,950 Est. Cost $75.62 Unrealized —

SPOT SPOTIFY TECHNOLOGY S A 0.1%

Value $11.89M Shares 25,900 Est. Cost $149.97 Unrealized —

WFC WELLS FARGO & CO 0.1%

Value $16.9M Shares 204,450 Est. Cost $41.55 Unrealized —

BC BRUNSWICK CORP 0.0%

Value $4.317M Shares 51,250 Est. Cost $68.62 Unrealized —

EXP EAGLE MATLS INC 0.0%

Value $3.319M Shares 14,750 Est. Cost $224.31 Unrealized —

BF/A BROWN FORMAN CORP 0.2%

Value $23.06M Shares 843,000 Est. Cost $21.59 Unrealized —

SHOP SHOPIFY INC 0.1%

Value $11.73M Shares 102,750 Est. Cost $40.37 Unrealized —

GHC GRAHAM HLDGS CO 0.0%

Value $5.935M Shares 5,200 Est. Cost $339.79 Unrealized —

SYY SYSCO CORP 0.0%

Value $2.549M Shares 30,500 Est. Cost $72.81 Unrealized —

DPZ DOMINOS PIZZA INC 0.0%

Value $1.628M Shares 5,500 Est. Cost $425.76 Unrealized —

DIS DISNEY WALT CO 1.5%

Value $196M Shares 2,031,665 Est. Cost $65.62 Unrealized —

WRB BERKLEY W R CORP 0.0%

Value $4.285M Shares 60,750 Est. Cost $34.45 Unrealized —

SONY SONY GROUP CORP 0.1%

Value $6.72M Shares 335,000 Est. Cost $32.98 Unrealized —

BF/B BROWN FORMAN CORP 0.1%

Value $12.64M Shares 474,187 Est. Cost $38.33 Unrealized —

BLK BLACKROCK INC 1.6%

Value $212M Shares 220,200 Est. Cost $991.05 Unrealized —

UBER UBER TECHNOLOGIES INC 0.1%

Value $10.28M Shares 142,500 Est. Cost $66.18 Unrealized —

BRO BROWN & BROWN INC 0.0%

Value $898K Shares 14,000 Est. Cost $81.40 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GOOG	ALPHABET INC	2,749,860	$972M	7.4%	$107.52	—	CAP STK CL C	02079K107
CAT	CATERPILLAR INC	328,650	$350M	2.7%	$93.16	—	COM	149123101
TXN	TEXAS INSTRS INC	724,000	$216M	1.6%	$62.49	—	COM	882508104
DE	DEERE & CO	877,900	$557M	4.2%	$108.47	—	COM	244199105
AMZN	AMAZON COM INC	2,030,760	$484M	3.7%	$121.25	—	COM	023135106
GS	GOLDMAN SACHS GROUP INC	359,360	$363M	2.8%	$182.02	—	COM	38141G104
V	VISA INC	1,013,912	$348M	2.6%	$66.29	—	COM CL A	92826C839
AAPL	APPLE INC	1,227,290	$355M	2.7%	$88.62	—	COM	037833100
GOOGL	ALPHABET INC	572,000	$204M	1.6%	$105.45	—	CAP STK CL A	02079K305
BRK/A	BERKSHIRE HATHAWAY INC DEL	1,114	$834M	6.4%	$206742.08	—	CL A	084670108
BRK/B	BERKSHIRE HATHAWAY INC DEL	1,531,971	$767M	5.8%	$110.02	—	CL B NEW	084670702
NVO	NOVO-NORDISK A S	2,869,774	$138M	1.0%	$73.22	—	ADR	670100205
BN	BROOKFIELD CORP	13,073,609	$557M	4.2%	$29.78	—	CL A LTD VT SH	11271J107
HD	HOME DEPOT INC	922,500	$325M	2.5%	$56.05	—	COM	437076102
ROK	ROCKWELL AUTOMATION INC	154,900	$76.69M	0.6%	$125.10	—	COM	773903109
HEI/A	HEICO CORP NEW	379,644	$97.91M	0.7%	$60.40	—	CL A	422806208
AXP	AMERICAN EXPRESS CO	490,450	$166M	1.3%	$69.87	—	COM	025816109
PGR	PROGRESSIVE CORP	753,750	$165M	1.3%	$56.10	—	COM	743315103
CSCO	CISCO SYS INC	355,500	$41.76M	0.3%	$23.20	—	COM	17275R102
AMAT	APPLIED MATLS INC	36,350	$26.28M	0.2%	$191.89	—	COM	038222105
URI	UNITED RENTALS INC	31,150	$35.29M	0.3%	$619.24	—	COM	911363109
ITIC	INVESTORS TITLE CO NC	213,300	$58.38M	0.4%	$70.48	—	COM	461804106
ACN	ACCENTURE PLC IRELAND	159,400	$19.84M	0.2%	$70.60	—	SHS CLASS A	G1151C101
THG	HANOVER INS GROUP INC	281,000	$60.17M	0.5%	$125.28	—	COM	410867105
LPLA	LPL FINL HLDGS INC	559,951	$158M	1.2%	$234.16	—	COM	50212V100
ODFL	OLD DOMINION FREIGHT LINE IN	429,150	$92.95M	0.7%	$176.40	—	COM	679580100
JPM	JPMORGAN CHASE & CO	252,550	$82.67M	0.6%	$68.28	—	COM	46625H100
CG	CARLYLE GROUP INC	1,327,000	$55.88M	0.4%	$24.00	—	COM	14316J108
DEO	DIAGEO PLC	1,372,208	$110M	0.8%	$114.88	—	SPON ADR NEW	25243Q205
SBUX	STARBUCKS CORP	623,818	$63.75M	0.5%	$56.40	—	COM	855244109
FIX	COMFORT SYS USA INC	13,000	$25.77M	0.2%	$248.33	—	COM	199908104
NSC	NORFOLK SOUTHN CORP	282,500	$88.87M	0.7%	$104.03	—	COM	655844108
TROW	PRICE T ROWE GROUP INC	314,000	$35.7M	0.3%	$48.35	—	COM	74144T108
APO	APOLLO GLOBAL MGMT INC	1,012,500	$120M	0.9%	$61.02	—	COM	03769M106
LMT	LOCKHEED MARTIN CORP	65,213	$33.22M	0.3%	$415.73	—	COM	539830109
JNJ	JOHNSON & JOHNSON	610,800	$155M	1.2%	$60.45	—	COM	478160104
LAMR	LAMAR ADVERTISING CO	193,000	$30.1M	0.2%	$112.23	—	CL A	512816109
ADM	ARCHER DANIELS MIDLAND CO	1,505,800	$115M	0.9%	$25.29	—	COM	039483102
NKE	NIKE INC	447,400	$18.37M	0.1%	$49.58	—	CL B	654106103
MRSH	MARSH & MCLENNAN COS INC	763,500	$127M	1.0%	$68.84	—	COM	571748102
RLI	RLI CORP	2,394,544	$141M	1.1%	$42.78	—	COM	749607107
ALL	ALLSTATE CORP	154,550	$36.77M	0.3%	$112.37	—	COM	020002101
GD	GENERAL DYNAMICS CORP	391,000	$139M	1.1%	$56.44	—	COM	369550108
ABNB	AIRBNB INC	242,389	$34.69M	0.3%	$132.26	—	COM CL A	009066101
CARR	CARRIER GLOBAL CORPORATION	235,000	$17.24M	0.1%	$18.71	—	COM	14448C104
CME	CME GROUP INC	49,750	$10.99M	0.1%	$264.70	—	COM	12572Q105
HXL	HEXCEL CORP NEW	189,000	$18.91M	0.1%	$62.10	—	COM	428291108
MCO	MOODYS CORP	213,890	$96.88M	0.7%	$70.54	—	COM	615369105
ECL	ECOLAB INC	274,300	$76.42M	0.6%	$110.32	—	COM	278865100
ITW	ILLINOIS TOOL WKS INC	327,500	$88.58M	0.7%	$75.74	—	COM	452308109
BX	BLACKSTONE INC	1,229,000	$145M	1.1%	$39.26	—	COM	09260D107
BK	BANK NEW YORK MELLON CORP	124,500	$18M	0.1%	$39.30	—	COM	064058100
HGTY	HAGERTY INC	3,108,000	$35.9M	0.3%	$9.28	—	CL A COM	405166109
DG	DOLLAR GEN CORP	869,250	$100M	0.8%	$162.59	—	COM	256677105
MSCI	MSCI INC	142,850	$80M	0.6%	$74.37	—	COM	55354G100
MA	MASTERCARD INCORPORATED	207,540	$107M	0.8%	$102.49	—	CL A	57636Q104
NVR	NVR INC	12,097	$82.42M	0.6%	$3656.60	—	COM	62944T105
HII	HUNTINGTON INGALLS INDS INC	27,500	$7.697M	0.1%	$231.41	—	COM	446413106
NSP	INSPERITY INC	181,336	$7.491M	0.1%	$73.10	—	COM	45778Q107
CCK	CROWN HLDGS INC	220,000	$24.6M	0.2%	$68.83	—	COM	228368106
HSY	HERSHEY CO	75,000	$13.16M	0.1%	$181.41	—	COM	427866108
COST	COSTCO WHOLESALE CORPORATION	39,150	$36.62M	0.3%	$86.56	—	COM	22160K105
SHW	SHERWIN WILLIAMS CO	94,172	$32.43M	0.2%	$218.58	—	COM	824348106
SPGI	S&P GLOBAL INC	117,690	$47.93M	0.4%	$96.34	—	COM	78409V104
PEP	PEPSICO INC	96,210	$13.03M	0.1%	$57.47	—	COM	713448108
PM	PHILIP MORRIS INTL INC	114,500	$20.71M	0.2%	$49.85	—	COM	718172109
FDS	FACTSET RESH SYS INC	135,376	$31.15M	0.2%	$126.58	—	COM	303075105
CBOE	CBOE GLOBAL MKTS INC	43,700	$10.6M	0.1%	$234.24	—	COM	12503M108
COF	CAPITAL ONE FINL CORP	91,000	$18.26M	0.1%	$98.39	—	COM	14040H105
SEIC	SEI INVTS CO	173,200	$15.19M	0.1%	$40.52	—	COM	784117103
VRSK	VERISK ANALYTICS INC	155,950	$28M	0.2%	$152.36	—	COM	92345Y106
EFX	EQUIFAX INC	72,850	$11.56M	0.1%	$143.86	—	COM	294429105
KMX	CARMAX INC	136,500	$7.219M	0.1%	$69.85	—	COM	143130102
MSFT	MICROSOFT CORP	537,630	$201M	1.5%	$85.15	—	COM	594918104
RNR	RENAISSANCERE HLDGS LTD	70,000	$22.18M	0.2%	$195.72	—	COM	G7496G103
SCHW	SCHWAB CHARLES CORP	1,394,800	$129M	1.0%	$24.81	—	COM	808513105
AON	AON PLC	135,800	$45.04M	0.3%	$272.73	—	SHS CL A	G0403H108
YUM	YUM BRANDS INC	245,213	$39.2M	0.3%	$134.19	—	COM	988498101
IQV	IQVIA HLDGS INC	46,900	$9.062M	0.1%	$212.07	—	COM	46266C105
KKR	KKR & CO INC	1,451,800	$133M	1.0%	$24.78	—	COM	48251W104
ICE	INTERCONTINENTAL EXCHANGE IN	28,870	$3.554M	0.0%	$149.07	—	COM	45866F104
MGM	MGM RESORTS INTERNATIONAL	87,500	$4.183M	0.0%	$35.48	—	COM	552953101
AYI	ACUITY INC	9,750	$3.672M	0.0%	$304.58	—	COM	00508Y102
PAYX	PAYCHEX INC	150,000	$14.75M	0.1%	$25.02	—	COM	704326107
CNI	CANADIAN NATL RY CO	53,500	$6.379M	0.0%	$97.09	—	COM	136375102
BAM	BROOKFIELD ASSET MANAGMT LTD	2,193,953	$98.4M	0.7%	$27.10	—	CL A LMT VTG SHS	113004105
RTX	RTX CORPORATION	224,000	$42.5M	0.3%	$118.27	—	COM	75513E101
EMN	EASTMAN CHEM CO	74,950	$5.02M	0.0%	$75.62	—	COM	277432100
SPOT	SPOTIFY TECHNOLOGY S A	25,900	$11.89M	0.1%	$149.97	—	SHS	L8681T102
WFC	WELLS FARGO & CO	204,450	$16.9M	0.1%	$41.55	—	COM	949746101
BC	BRUNSWICK CORP	51,250	$4.317M	0.0%	$68.62	—	COM	117043109
EXP	EAGLE MATLS INC	14,750	$3.319M	0.0%	$224.31	—	COM	26969P108
BF/A	BROWN FORMAN CORP	843,000	$23.06M	0.2%	$21.59	—	CL A	115637100
SHOP	SHOPIFY INC	102,750	$11.73M	0.1%	$40.37	—	CL A SUB VTG SHS	82509L107
GHC	GRAHAM HLDGS CO	5,200	$5.935M	0.0%	$339.79	—	COM CL B	384637104
SYY	SYSCO CORP	30,500	$2.549M	0.0%	$72.81	—	COM	871829107
DPZ	DOMINOS PIZZA INC	5,500	$1.628M	0.0%	$425.76	—	COM	25754A201
DIS	DISNEY WALT CO	2,031,665	$196M	1.5%	$65.62	—	COM	254687106
WRB	BERKLEY W R CORP	60,750	$4.285M	0.0%	$34.45	—	COM	084423102
SONY	SONY GROUP CORP	335,000	$6.72M	0.1%	$32.98	—	SPONSORED ADR	835699307
BF/B	BROWN FORMAN CORP	474,187	$12.64M	0.1%	$38.33	—	CL B	115637209
BLK	BLACKROCK INC	220,200	$212M	1.6%	$991.05	—	COM	09290D101
UBER	UBER TECHNOLOGIES INC	142,500	$10.28M	0.1%	$66.18	—	COM	90353T100
BRO	BROWN & BROWN INC	14,000	$898K	0.0%	$81.40	—	COM	115236101