Markel Group Inc.
MX ˙ BMV ˙ US5705351048
SecurityMX:MKL / Markel Group Inc.
InstitutionCommerce Bank
Latest Disclosed Ownership1,993 shares
Latest Disclosed Value $ 3,814,741
Commerce Bank reports 25.03% increase in ownership of MKL / Markel Group Inc.

On May 11, 2026 - Commerce Bank filed a 13F-HR form disclosing ownership of 1,993 shares of Markel Group Inc. (MX:MKL) valued at $3,814,741 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 1,594 shares of Markel Group Inc.. This represents a change in shares of 25.03% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-11 2026-03-31 13F MARKEL GROUP COM 570535104 1,993 399 25.03 3,815 11.33 0.0079
2026-02-13 2025-12-31 13F MARKEL GROUP COM 570535104 1,594 772 93.92 3,427 118.08 0.0189
2025-11-12 2025-09-30 13F MARKEL GROUP COM 570535104 822 62 8.16 1,571 3.56 0.0087
2025-08-07 2025-06-30 13F MARKEL GROUP COM 570535104 760 -250 -24.75 1,518 -19.65 0.0090
2025-05-08 2025-03-31 13F MARKEL GROUP COM 570535104 1,010 74 7.91 1,888 16.90 0.0121
2025-02-13 2024-12-31 13F MARKEL GROUP COM 570535104 936 -145 -13.41 1,616 -4.72 0.0100
2024-11-08 2024-09-30 13F MARKEL GROUP COM 570535104 1,081 -506 -31.88 1,696 -32.20 0.0104
2024-08-12 2024-06-30 13F MARKEL GROUP COM 570535104 1,587 276 21.05 2,501 25.38 0.0162
2024-05-03 2024-03-31 13F MARKEL GROUP COM 570535104 1,311 -45 -3.32 1,995 3.58 0.0132
2024-02-09 2023-12-31 13F MARKEL GROUP COM 570535104 1,356 707 108.94 1,925 101.57 0.0137
2023-11-14 2023-09-30 13F MARKEL GROUP COM 570535104 649 76 13.26 956 20.58 0.0075
2023-08-08 2023-06-30 13F MARKEL GROUP COM 570535104 573 4 0.70 793 9.09 0.0059
2023-05-04 2023-03-31 13F MARKEL COM 570535104 569 48 9.21 727 5.83 0.0057
2023-02-10 2022-12-31 13F MARKEL COM 570535104 521 11 2.16 686 24.05 0.0056
2022-11-04 2022-09-30 13F MARKEL COM 570535104 510 -62 -10.84 553 -25.27 0.0048
2022-08-12 2022-06-30 13F MARKEL COM 570535104 572 117 25.71 740 10.28 0.0060
2022-05-09 2022-03-31 13F MARKEL COM 570535104 455 5 1.11 671 20.68 0.0046
2022-02-14 2021-12-31 13F MARKEL COM 570535104 450 20 4.65 556 8.17 0.0036
2021-11-09 2021-09-30 13F MARKEL COM 570535104 430 3 0.70 514 1.58 0.0036
2021-08-09 2021-06-30 13F MARKEL COM 570535104 427 5 1.18 506 5.20 0.0036
2021-05-05 2021-03-31 13F MARKEL COM 570535104 422 36 9.33 481 20.55 0.0037
2021-02-09 2020-12-31 13F MARKEL COM 570535104 386 2 0.52 399 6.68 0.0032
2020-11-06 2020-09-30 13F MARKEL COM 570535104 384 -57 -12.93 374 -8.11 0.0034
2020-08-07 2020-06-30 13F MARKEL COM 570535104 441 -69 -13.53 407 -14.14 0.0040
2020-05-08 2020-03-31 13F MARKEL COM 570535104 510 -40 -7.27 474 -24.64 0.0057
2020-02-14 2019-12-31 13F MARKEL COM 570535104 550 145 35.80 629 31.59 0.0060
2019-11-12 2019-09-30 13F MARKEL COM 570535104 405 -17 -4.03 478 3.91 0.0049
2019-08-07 2019-06-30 13F MARKEL COM 570535104 422 52 14.05 460 24.66 0.0052
2019-05-08 2019-03-31 13F MARKEL COM 570535104 370 -66 -15.14 369 -18.54 0.0044
2019-02-11 2018-12-31 13F MARKEL COM 570535104 436 9 2.11 453 -10.65 0.0058
2018-11-02 2018-09-30 13F MARKEL COM 570535104 427 34 8.65 507 19.01 0.0060
2018-08-08 2018-06-30 13F MARKEL COM 570535104 393 0 0.00 426 -7.39 0.0054
2018-05-03 2018-03-31 13F MARKEL COM 570535104 393 8 2.08 460 5.02 0.0061
2018-02-12 2017-12-31 13F MARKEL COM 570535104 385 0 0.00 438 6.57 0.0057
2017-11-07 2017-09-30 13F/A-1 MARKEL COM 570535104 385 -10 -2.53 411 6.48 0.0056
2017-11-07 2017-09-30 13F MARKEL COM 570535104 395 386
2017-08-08 2017-06-30 13F MARKEL COM 570535104 395 -25 -5.95 386 -5.85 0.0054
2017-05-05 2017-03-31 13F MARKEL COM 570535104 420 -4 -0.94 410 7.05 0.0058
2017-02-08 2016-12-31 13F MARKEL COM 570535104 424 0 0.00 383 -2.79 0.0057
2016-11-03 2016-09-30 13F MARKEL COM 570535104 424 0 0.00 394 -2.48 0.0061
2016-08-09 2016-06-30 13F MARKEL COM 570535104 424 0 0.00 404 6.88 0.0064
2016-04-27 2016-03-31 13F MARKEL COM 570535104 424 22 5.47 378 6.48 0.0063
2016-02-12 2015-12-31 13F MARKEL COM 570535104 402 -15 -3.60 355 6.29 0.0059
2015-11-10 2015-09-30 13F MARKEL COM 570535104 417 -70 -14.37 334 -14.36 0.0057
2015-08-03 2015-06-30 13F MARKEL COM 570535104 487 -8 -1.62 390 2.36 0.0061
2015-05-06 2015-03-31 13F MARKEL COM 570535104 495 -25 -4.81 381 7.32 0.0059
2015-02-11 2014-12-31 13F MARKEL COM 570535104 520 0 0.00 355 7.25 0.0056
2014-11-06 2014-09-30 13F MARKEL COM 570535104 520 25 5.05 331 1.85 0.0055
2014-08-05 2014-06-30 13F MARKEL COM 570535104 495 116 30.61 325 43.81 0.0053
2014-05-09 2014-03-31 13F MARKEL COM 570535104 379 -11 -2.82 226 -0.44 0.0038
2014-02-14 2013-12-31 13F MARKEL COM 570535104 390 0 0.00 227 12.38 0.0039
2013-11-05 2013-09-30 13F/A-1 MARKEL COM 570535104 10,448 0 796 0.0144
2013-11-05 2013-09-30 13F/A-2 MARKEL COM 570535104 390 390 202 0.0036
2013-11-04 2013-09-30 13F MARKEL COM 570535104 10,448 796
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.