Markel Buys Unilever, Graham Holdings, Target

Markel Buys Unilever, Graham Holdings, Target
Markel Corporation (NYSE:MKL) revealed in its fourth quarter 13F filing that it added 8 new stocks to its portfolio, bought more shares of 35 stocks, exited 6 stocks and reduced holdings in 35 stocks. The top ten holdings of Markel Corporation (NYSE:MKL) represent 45% of its portfolio. The Henrico County-based company has a current market value of $3.16 billion.

Markel Corp’s major new positions

Unilever plc (LON:ULVR) was the biggest new addition to its portfolio during the fourth quarter. Markel Corporation (NYSE:MKL) purchased 217,000 shares of the company for $8.94 million. Unilever now represents 0.28% of its portfolio. Another big new addition was
Graham Holdings Co (NYSE:GHC) in which Markel purchased 5,300 shares for $3.51 million representing 0.11% of its portfolio.

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.

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Walter Schloss isn’t a name many investors will have heard today. Schloss was one of the great value investors who trained under Benjamin Graham and specialized in finding cheap stocks. His track record was outstanding. In Warren Buffett’s 1984 essay, the Super Investors of Graham-and-Doddsville, he noted that between 1956 and 1984, Schloss’s firm returned Read More

Diageo plc (LON:DGE) was the fourth largest holding of Markel Corporation (NYSE:MKL). The company now owns 1,210,820 shares of Diageo, representing 5.07% of Markel Corp’s total portfolio.

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).

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