MKL · 金融

马克尔

Markel Group Inc

2026 Q2：4 位巨人持有，综合权重 0.28%，共识排名第 51；本季 1 位买入、3 位卖出。季末价 $1,953.01（2026-06-30）。

持有人数

上季 4 位

综合权重

0.28%

共识排名第 51

季末价

$1,953.01

2026-06-30

巨人的平均成本估

$1,028.43

季末价比这个平均高 90%（每位巨人的成本各算一次）

4 位巨人持有

依占投资组合比重排序；点名字看那位巨人的持股历程。

怎么看？

估计平均成本：每次增持的股数 ×（季初价＋季末价）÷ 2 的加权平均；1999 年第一季（或这位巨人最早的电子申报）之前就持有的，从那个季度的季末价起算。13F 看不到实际成交价。

巨人	?占投资组合	股数（万股）	市值（亿美元）	首次买入	持有季度数	?估计平均成本	?相对成本	本季动向
Josh Tarasoff	10.9%	2	0.40	2023 Q1	14	$1,381.95	+41%	减持
克里斯·戴维斯	3.4%	41	7.94	1999 Q1	110	$1,120.73起算点	+74%	增持
Francois Rochon	2.0%	3	0.60	2015 Q1	46	$1,055.68起算点	+85%	减持
Tom Russo	0.1%	<1	0.08	1999 Q1	110	$555.38起算点	+252%	减持

成本地图：4 位中有 4 位的估计成本低于季末价

每一行是一位巨人：圆点是估计平均成本（越大＝占投资组合越重），金色直线是最新季末价。

成本低于季末价（账面浮盈）成本高于季末价（账面浮亏）季末价

季末价走势（已按拆股调整）

1999 Q1 起，也就是巨人第一次持有的那个季度；悬停看当季持有人数与买卖人数。

怎么看？

价格是 13F 申报的季末市值 ÷ 股数，约等于季末收盘价，不是即时价格；拆股前的价格已换算成今天的股数。

越来越多还是越来越少巨人持有

持有人数

每季度买家与卖家（近 20 个季度）

买入卖出

综合权重（悬停看排名）

持股历程

点开一位巨人：他从什么时候开始持有、哪几季买卖、估计成本怎么变化。表格只列有买卖的季度和最新一季。

怎么看？

图中的价格与成本都换算成今天的股数（已按拆股调整）；表格里是当季实际的数字。估计成交价＝（季初价＋季末价）÷ 2，只代表大致价位。

Josh Tarasoff 10.9%·2023 Q1 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）

季度	动作	股数变动（万股）	持股（万股）	占投资组合	季初价 → 季末价	估计成交价	累计估计成本
2026 Q2	减持	−<1	2	10.9%	$1,914.07 → $1,953.01	$1,933.54	$1,381.95
2026 Q1	减持	−<1	2	12.5%	$2,149.65 → $1,914.07	$2,031.86	$1,381.95
2025 Q4	增持	+<1	2	14.4%	$1,911.36 → $2,149.65	$2,030.51	$1,381.95
2025 Q1	增持	+<1	2	14.5%	$1,726.23 → $1,869.61	$1,797.92	$1,368.95
2024 Q4	减持	−<1	2	11.3%	$1,568.58 → $1,726.23	$1,647.41	$1,354.43
2024 Q3	减持	−<1	2	10.7%	$1,575.66 → $1,568.58	$1,572.12	$1,354.43
2024 Q2	增持	+<1	2	9.8%	$1,521.48 → $1,575.66	$1,548.57	$1,354.43
2023 Q4	减持	−1	2	9.7%	$1,472.49 → $1,419.90	$1,446.20	$1,348.95
2023 Q3	增持	+1	3	17.1%	$1,383.18 → $1,472.49	$1,427.84	$1,348.95
2023 Q2	增持	+2	2	12.2%	$1,277.41 → $1,383.18	$1,330.30	$1,321.81
2023 Q1	新建仓	+1	1	3.2%	$1,317.49 → $1,277.41	$1,297.45	$1,297.45

克里斯·戴维斯 3.4%·1999 Q1 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）

季度	动作	股数变动（万股）	持股（万股）	占投资组合	季初价 → 季末价	估计成交价	累计估计成本
2026 Q2	增持	+2	41	3.4%	$1,914.07 → $1,953.01	$1,933.54	$1,120.73
2026 Q1	减持	−3	38	3.4%	$2,149.65 → $1,914.07	$2,031.86	$1,071.28
2025 Q4	增持	+4	42	4.0%	$1,911.36 → $2,149.65	$2,030.51	$1,071.28
2025 Q3	增持	+<1	37	3.7%	$1,997.36 → $1,911.36	$1,954.36	$964.37
2024 Q4	增持	+8	37	3.7%	$1,568.58 → $1,726.23	$1,647.41	$957.97
2024 Q3	增持	+<1	29	2.5%	$1,575.66 → $1,568.58	$1,572.12	$765.33
2024 Q1	减持	−1	29	2.4%	$1,419.90 → $1,521.48	$1,470.69	$758.19
2023 Q4	增持	+4	30	2.4%	$1,472.49 → $1,419.90	$1,446.20	$758.19
2023 Q3	减持	−<1	26	2.4%	$1,383.18 → $1,472.49	$1,427.84	$657.13
2023 Q2	增持	+2	27	2.2%	$1,277.41 → $1,383.18	$1,330.30	$657.13
2023 Q1	减持	−<1	25	2.1%	$1,317.49 → $1,277.41	$1,297.45	$603.48
2022 Q4	增持	+4	25	2.2%	$1,084.22 → $1,317.49	$1,200.85	$603.48
2022 Q3	减持	−<1	21	1.6%	$1,293.25 → $1,084.22	$1,188.73	$482.58
2022 Q2	减持	−<1	21	1.8%	$1,475.24 → $1,293.25	$1,384.24	$482.58
2022 Q1	减持	−<1	22	1.6%	$1,233.99 → $1,475.24	$1,354.62	$482.58
2021 Q3	减持	−<1	22	1.2%	$1,186.71 → $1,195.13	$1,190.92	$482.58
2021 Q2	增持	+1	22	1.1%	$1,139.61 → $1,186.71	$1,163.16	$482.58
2021 Q1	增持	+2	22	1.1%	$1,033.30 → $1,139.61	$1,086.46	$452.62
2020 Q4	减持	−<1	20	1.0%	$973.71 → $1,033.30	$1,003.50	$395.28
2020 Q3	减持	−1	20	1.1%	$923.16 → $973.71	$948.44	$395.28
2020 Q2	增持	+<1	21	1.1%	$927.89 → $923.16	$925.53	$395.28
2020 Q1	减持	−1	21	1.3%	$1,143.17 → $927.89	$1,035.53	$388.82
2019 Q4	减持	−1	22	1.2%	$1,181.89 → $1,143.17	$1,162.53	$388.82
2019 Q3	减持	−1	23	1.3%	$1,089.60 → $1,181.89	$1,135.74	$388.82
2019 Q2	减持	−<1	24	1.3%	$996.24 → $1,089.60	$1,042.92	$388.82
2019 Q1	减持	−1	24	1.2%	$1,038.04 → $996.24	$1,017.14	$388.82
2018 Q4	增持	+<1	25	1.4%	$1,188.50 → $1,038.04	$1,113.27	$388.82
2018 Q3	减持	−1	24	1.2%	$1,084.35 → $1,188.50	$1,136.42	$377.79
2018 Q2	减持	−<1	25	1.2%	$1,170.25 → $1,084.35	$1,127.30	$377.79
2018 Q1	减持	−<1	25	1.3%	$1,139.13 → $1,170.25	$1,154.69	$377.79
2017 Q4	减持	−1	26	1.2%	$1,068.02 → $1,139.13	$1,103.58	$377.79
2017 Q3	减持	−1	26	1.2%	$975.86 → $1,068.02	$1,021.94	$377.79
2017 Q2	减持	−1	28	1.2%	$975.86 → $975.86	$975.86	$377.79
2017 Q1	增持	+1	28	1.2%	$904.50 → $975.86	$940.18	$377.79
2016 Q4	减持	−1	27	1.1%	$928.76 → $904.50	$916.63	$358.38
2016 Q3	减持	−1	28	1.1%	$952.78 → $928.76	$940.77	$358.38
2016 Q2	减持	−4	29	1.2%	$891.56 → $952.78	$922.17	$358.38

Francois Rochon 2.0%·2015 Q1 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）

季度	动作	股数变动（万股）	持股（万股）	占投资组合	季初价 → 季末价	估计成交价	累计估计成本
2026 Q2	减持	−1	3	2.0%	$1,914.07 → $1,953.01	$1,933.54	$1,055.68
2026 Q1	减持	−<1	4	3.0%	$2,149.65 → $1,914.07	$2,031.86	$1,055.68
2025 Q2	增持	+<1	4	3.0%	$1,869.61 → $1,997.36	$1,933.49	$1,055.68
2024 Q4	增持	+<1	4	2.7%	$1,568.58 → $1,726.23	$1,647.41	$1,049.74
2024 Q3	增持	+<1	4	2.5%	$1,575.66 → $1,568.58	$1,572.12	$1,040.68
2024 Q2	减持	−4	4	2.8%	$1,521.48 → $1,575.66	$1,548.57	$1,025.13
2024 Q1	增持	+<1	8	5.0%	$1,419.90 → $1,521.48	$1,470.69	$1,025.13
2023 Q4	减持	−1	8	5.3%	$1,472.49 → $1,419.90	$1,446.20	$1,017.43
2023 Q3	增持	+<1	8	6.8%	$1,383.18 → $1,472.49	$1,427.84	$1,017.43
2023 Q2	增持	+<1	8	6.1%	$1,277.41 → $1,383.18	$1,330.30	$1,013.91
2023 Q1	减持	−<1	8	6.1%	$1,317.49 → $1,277.41	$1,297.45	$997.18
2022 Q4	减持	−<1	8	6.6%	$1,084.22 → $1,317.49	$1,200.85	$997.18
2022 Q3	增持	+<1	8	6.0%	$1,293.25 → $1,084.22	$1,188.73	$997.18
2022 Q2	增持	+<1	8	6.9%	$1,475.24 → $1,293.25	$1,384.24	$993.31
2022 Q1	增持	+<1	8	6.5%	$1,233.99 → $1,475.24	$1,354.62	$983.51
2021 Q4	增持	+<1	8	5.0%	$1,195.13 → $1,233.99	$1,214.56	$972.59
2021 Q3	增持	+<1	7	5.3%	$1,186.71 → $1,195.13	$1,190.92	$965.74
2021 Q2	增持	+<1	7	5.1%	$1,139.61 → $1,186.71	$1,163.16	$956.58
2021 Q1	增持	+2	7	5.2%	$1,033.30 → $1,139.61	$1,086.46	$946.78
2020 Q4	增持	+<1	5	3.7%	$973.71 → $1,033.30	$1,003.50	$883.06
2020 Q3	增持	+<1	4	4.0%	$923.16 → $973.71	$948.44	$877.59
2020 Q2	增持	+<1	4	4.1%	$927.89 → $923.16	$925.53	$876.70
2020 Q1	增持	+<1	4	4.9%	$1,143.17 → $927.89	$1,035.53	$873.18
2019 Q4	增持	+<1	4	4.0%	$1,181.89 → $1,143.17	$1,162.53	$864.08
2019 Q3	增持	+<1	4	4.5%	$1,089.60 → $1,181.89	$1,135.74	$858.63
2019 Q2	增持	+<1	4	4.2%	$996.24 → $1,089.60	$1,042.92	$855.57
2019 Q1	增持	+<1	4	4.2%	$1,038.04 → $996.24	$1,017.14	$848.54
2018 Q4	增持	+<1	3	4.7%	$1,188.50 → $1,038.04	$1,113.27	$838.33
2018 Q3	增持	+<1	3	4.6%	$1,084.35 → $1,188.50	$1,136.42	$836.51
2018 Q2	增持	+<1	3	4.6%	$1,170.25 → $1,084.35	$1,127.30	$818.95
2018 Q1	增持	+<1	3	5.0%	$1,139.13 → $1,170.25	$1,154.69	$812.59
2017 Q4	增持	+<1	3	4.8%	$1,068.02 → $1,139.13	$1,103.58	$802.14
2017 Q3	增持	+<1	3	4.8%	$975.86 → $1,068.02	$1,021.94	$799.47
2017 Q2	增持	+<1	3	4.7%	$975.86 → $975.86	$975.86	$795.35
2017 Q1	增持	+<1	3	4.8%	$904.50 → $975.86	$940.18	$793.31
2016 Q4	增持	+<1	3	4.3%	$928.76 → $904.50	$916.63	$785.23

Tom Russo 0.1%·1999 Q1 起

巨人页 →

季末价累计估计成本估计成交价（买／卖）

季度	动作	股数变动（万股）	持股（万股）	占投资组合	季初价 → 季末价	估计成交价	累计估计成本
2026 Q2	减持	−<1	<1	0.1%	$1,914.07 → $1,953.01	$1,933.54	$555.38
2026 Q1	减持	−<1	<1	0.1%	$2,149.65 → $1,914.07	$2,031.86	$555.38
2025 Q4	减持	−<1	1	0.1%	$1,911.36 → $2,149.65	$2,030.51	$555.38
2025 Q3	减持	−<1	1	0.2%	$1,997.36 → $1,911.36	$1,954.36	$555.38
2025 Q2	减持	−<1	1	0.2%	$1,869.61 → $1,997.36	$1,933.49	$555.38
2025 Q1	减持	−<1	1	0.2%	$1,726.23 → $1,869.61	$1,797.92	$555.38
2024 Q4	减持	−<1	1	0.2%	$1,568.58 → $1,726.23	$1,647.41	$555.38
2024 Q3	减持	−<1	1	0.1%	$1,575.66 → $1,568.58	$1,572.12	$555.38
2024 Q2	减持	−<1	1	0.2%	$1,521.48 → $1,575.66	$1,548.57	$555.38
2024 Q1	减持	−<1	1	0.2%	$1,419.90 → $1,521.48	$1,470.69	$555.38
2023 Q3	增持	+<1	1	0.2%	$1,383.18 → $1,472.49	$1,427.84	$555.38
2023 Q2	增持	+<1	1	0.1%	$1,277.41 → $1,383.18	$1,330.30	$549.22
2023 Q1	增持	+<1	1	0.1%	$1,317.49 → $1,277.41	$1,297.45	$535.68
2022 Q4	增持	+<1	1	0.1%	$1,084.22 → $1,317.49	$1,200.85	$446.19
2022 Q3	增持	+<1	1	0.1%	$1,293.25 → $1,084.22	$1,188.73	$381.59
2022 Q2	增持	+<1	1	0.1%	$1,475.24 → $1,293.25	$1,384.24	$207.49
2021 Q4	减持	−<1	1	0.1%	$1,195.13 → $1,233.99	$1,214.56	$190.51
2021 Q3	减持	−<1	1	0.1%	$1,186.71 → $1,195.13	$1,190.92	$190.51
2021 Q1	减持	−<1	1	0.1%	$1,033.30 → $1,139.61	$1,086.46	$190.51
2020 Q4	减持	−<1	1	0.1%	$973.71 → $1,033.30	$1,003.50	$190.51
2020 Q2	减持	−<1	1	0.1%	$927.89 → $923.16	$925.53	$190.51
2020 Q1	减持	−<1	1	0.1%	$1,143.17 → $927.89	$1,035.53	$190.51
2019 Q4	减持	−<1	1	0.1%	$1,181.89 → $1,143.17	$1,162.53	$190.51
2019 Q3	减持	−<1	1	0.1%	$1,089.60 → $1,181.89	$1,135.74	$190.51
2019 Q2	减持	−<1	1	0.1%	$996.24 → $1,089.60	$1,042.92	$190.51
2019 Q1	减持	−<1	1	0.1%	$1,038.04 → $996.24	$1,017.14	$190.51
2018 Q4	减持	−<1	1	0.1%	$1,188.50 → $1,038.04	$1,113.27	$190.51
2018 Q3	减持	−<1	1	0.1%	$1,084.35 → $1,188.50	$1,136.42	$190.51
2018 Q2	减持	−<1	1	0.1%	$1,170.25 → $1,084.35	$1,127.30	$190.51
2018 Q1	减持	−<1	1	0.1%	$1,139.13 → $1,170.25	$1,154.69	$190.51
2017 Q4	减持	−<1	1	0.1%	$1,068.02 → $1,139.13	$1,103.58	$190.51
2017 Q3	减持	−<1	1	0.1%	$975.86 → $1,068.02	$1,021.94	$190.51
2017 Q2	减持	−<1	1	0.1%	$975.86 → $975.86	$975.86	$190.51
2017 Q1	减持	−<1	1	0.1%	$904.50 → $975.86	$940.18	$190.51
2016 Q4	减持	−<1	1	0.1%	$928.76 → $904.50	$916.63	$190.51
2016 Q3	减持	−<1	1	0.1%	$952.78 → $928.76	$940.77	$190.51
2016 Q2	减持	−<1	1	0.1%	$891.56 → $952.78	$922.17	$190.51
2016 Q1	减持	−<1	1	0.1%	$883.35 → $891.56	$887.46	$190.51
2015 Q4	减持	−<1	1	0.1%	$801.86 → $883.35	$842.61	$190.51
2015 Q3	减持	−<1	2	0.1%	$800.68 → $801.86	$801.27	$190.51
2015 Q2	减持	−<1	2	0.1%	$768.96 → $800.68	$784.82	$190.51
2015 Q1	减持	−<1	2	0.1%	$682.84 → $768.96	$725.90	$190.51
2014 Q4	减持	−<1	2	0.1%	$636.15 → $682.84	$659.50	$190.51
2014 Q3	减持	−<1	2	0.1%	$655.64 → $636.15	$645.89	$190.51
2014 Q2	减持	−<1	2	0.1%	$596.10 → $655.64	$625.87	$190.51
2014 Q1	减持	−<1	2	0.1%	$580.35 → $596.10	$588.22	$190.51
2013 Q4	减持	−<1	2	0.1%	$517.77 → $580.35	$549.06	$190.51
2013 Q3	减持	−<1	2	0.1%	$526.95 → $517.77	$522.36	$190.51
2011 Q3	减持	−<1	2	0.2%	$396.81 → $357.13	$376.97	$188.90
2011 Q2	减持	−<1	2	0.2%	$414.45 → $396.81	$405.63	$188.90
2011 Q1	减持	−<1	2	0.2%	$378.13 → $414.45	$396.29	$188.90
2010 Q4	减持	−<1	3	0.4%	$344.59 → $378.13	$361.36	$188.90
2010 Q3	减持	−1	3	0.5%	$340.00 → $344.59	$342.29	$188.90
2010 Q2	减持	−<1	4	0.6%	$374.66 → $340.00	$357.33	$188.90
2010 Q1	减持	−<1	4	0.6%	$340.00 → $374.66	$357.33	$188.90
2009 Q4	减持	−<1	4	0.7%	$329.82 → $340.00	$334.91	$188.90
2009 Q3	减持	−1	4	0.7%	$281.70 → $329.82	$305.76	$188.90
2009 Q2	减持	−1	5	0.8%	$283.88 → $281.70	$282.79	$188.90
2009 Q1	减持	−<1	6	1.1%	$299.00 → $283.88	$291.44	$188.90
2008 Q4	减持	−1	6	1.0%	$351.50 → $299.00	$325.25	$188.90