Markel Corp’s major new positions
Markel Corporation (NYSE:MKL) also acquired 79,700 shares of Fidelity National Financial Inc (NYSE:FNF) for $2.58 million representing 0.08% of its overall portfolio. The specialty insurance company also purchased 30,000 shares of McGraw Hill Financial Inc (NYSE:MHFI) for $2.34 million, which represents 0.07% of its portfolio. The fifth largest new addition to Markel Corp’s portfolio was Target Corporation (NYSE:TGT). The company purchased 24,000 shares of Target for $1.51 million during the fourth quarter.
Markel Corp’s Top Positions
CarMax, Inc (NYSE:KMX) is the biggest holding of the specialty insurance company as of December 31 at 7.47% of its overall portfolio. The second and the third largest holding of Markel Corp was Berkshire Hathaway Inc’s A and B in which it respectively held 6.15% and 5.72% of its portfolio.
Tiger Legatus Master Fund was up 0.1% net for the second quarter, compared to the MSCI World Index's 7.9% return and the S&P 500's 8.5% gain. For the first half of the year, Tiger Legatus is up 9%, while the MSCI World Index has gained 13.3%, and the S&P has returned 15.3%. Q2 2021 hedge Read More
Sold out positions
The specialty insurance company sold out its entire stake in CARBO Ceramics Inc. (NYSE:CRR). Markel Corp owned 236,000 shares of the ceramic supplier company at the beginning of the fourth quarter. It represented 0.8% of Markel Corporation (NYSE:MKL)’s total portfolio. The company also closed its position in Leucadia National Corp. (NYSE:LUK) by selling all the 390,433 shares it owned.
Another major position closed during the quarter was The Washington Post Company by selling 5,300 shares. Markel Corp also sold out its entire holding of 101,900 shares of Natural Resource Partners LP (NYSE:NRP).