Markel, a Va. based insurer, has been called a 'mini' or 'next' Berkshire Hathaway. It's portfolio has returned an average of 14.7% annually, 6 points better than the S&P. This portfolio is much larger (diversity wise) than BRK so we will only list the new and dropped investments. The investments were made before June 30, the filings were release mid-September so you may have missed the best prices. Keep track of future changes with the SEC filings.
Here are the recent New Purchases:
AIG - (AIG) Insurance
Cintas - (CTAS) Business services
Federated Investors - (FII) Asset management
Home Depot - (HD) Home improvement
Medtronic - (MDT) Medical equipment
Microsoft - (MSFT) Tech software/hardware
NuStar GP - (NSH) Oil/gas equipment & services
St Joseph - (JOE) Real Estate development (Gulf Region)
Recent Sells:
Abbott Labratories - (ABT) Pharmaceuticals
Nuveen Investments - (JNC) Asset management
Penn National Gaming - (PENN) Gambling Sites
Valero - (VLO) Refining, marketing
Markelcorp.com
Ranked 1,388 in Forbes Global 2000
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