Thomas Gayner - Markel Group Inc.
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    129
Portfolio value:    $11,938,885,174
Holdings Activity Buys Sells    History
Holding/activity history for  Norfolk Southern Corp. (NSC)
Period Shares % of Portfolio Activity % Change to Portfolio Reported Price Value Filing
2026   Q1 282,500 0.68 Add 3.29% 0.02 $287.00 $81,077,500 SEC
2025   Q4 273,500 0.63 Add 6.63% 0.04 $288.72 $78,964,920 SEC
2025   Q3 256,500 0.63 Add 8.46% 0.05 $300.41 $77,055,165 SEC
2025   Q2 236,500 0.51 Add 3.05% 0.02 $255.97 $60,536,905 SEC
2025   Q1 229,500 0.48 $236.85 $54,357,075 SEC
2024   Q4 229,500 0.47 $234.70 $53,863,650 SEC
2024   Q3 229,500 0.51 $248.50 $57,030,750 SEC
2024   Q2 229,500 0.48 $214.69 $49,271,355 SEC
2024   Q1 229,500 0.58 $254.87 $58,492,665 SEC
2023   Q4 229,500 0.59 $236.38 $54,249,210 SEC
2023   Q3 229,500 0.55 $196.93 $45,195,435 SEC
2023   Q2 229,500 0.62 $226.76 $52,041,420 SEC
2023   Q1 229,500 0.62 $212.00 $48,654,000 SEC
2022   Q4 229,500 0.76 $246.42 $56,553,390 SEC
2022   Q3 229,500 0.71 $209.65 $48,114,000 SEC
2022   Q2 229,500 0.75 $227.29 $52,164,000 SEC
2022   Q1 229,500 0.78 $285.22 $65,458,000 SEC
2021   Q4 229,500 0.79 $297.71 $68,325,000 SEC
2021   Q3 229,500 0.70 $239.25 $54,908,000 SEC
2021   Q2 229,500 0.78 $265.41 $60,912,000 SEC
2021   Q1 229,500 0.86 $268.52 $61,625,000 SEC
2020   Q4 229,500 0.82 $237.61 $54,532,000 SEC
2020   Q3 229,500 0.84 $213.99 $49,110,000 SEC
2020   Q2 229,500 0.76 $175.57 $40,294,000 SEC
2020   Q1 229,500 0.63 $146.00 $33,507,000 SEC
2019   Q4 229,500 0.63 $194.13 $44,552,000 SEC
2019   Q3 229,500 0.63 $179.66 $41,232,000 SEC
2019   Q2 229,500 0.71 $199.33 $45,746,000 SEC
2019   Q1 229,500 0.73 $186.89 $42,891,000 SEC
2018   Q4 229,500 0.66 $149.54 $34,319,000 SEC
2018   Q3 229,500 0.71 $180.50 $41,424,000 SEC
2018   Q2 229,500 0.65 $150.87 $34,625,000 SEC
2018   Q1 229,500 0.60 $135.78 $31,162,000 SEC
2017   Q4 229,500 0.64 $144.90 $33,255,000 SEC
2017   Q3 229,500 0.61 $132.24 $30,349,000 SEC
2017   Q2 229,500 0.61 $121.70 $27,930,000 SEC
2017   Q1 229,500 0.59 $111.97 $25,697,000 SEC
2016   Q4 229,500 0.61 $108.07 $24,802,000 SEC
2016   Q3 229,500 0.58 $97.06 $22,275,000 SEC
2016   Q2 229,500 0.52 Add 10.07% 0.05 $85.13 $19,537,000 SEC
2016   Q1 208,500 0.47 Add 0.72% <0.01 $83.25 $17,358,000 SEC
2015   Q4 207,000 0.48 Add 36.18% 0.13 $84.59 $17,510,000 SEC
2015   Q3 152,000 0.31 Add 55.10% 0.11 $76.40 $11,613,000 SEC
2015   Q2 98,000 0.22 Add 6.52% 0.01 $87.36 $8,561,000 SEC
2015   Q1 92,000 0.24 $102.92 $9,469,000 SEC
2014   Q4 92,000 0.26 $109.61 $10,084,000 SEC
2014   Q3 92,000 0.30 $111.60 $10,267,000 SEC
2014   Q2 92,000 0.28 $103.03 $9,479,000 SEC
2014   Q1 92,000 0.28 Reduce 2.54% <0.01 $97.17 $8,940,000 SEC
2013   Q4 94,400 0.29 $92.83 $8,763,000 SEC
2013   Q3 94,400 0.26 $77.35 $7,302,000 SEC
2013   Q2 94,400 0.26 Add 0.32% <0.01 $72.65 $6,858,000 SEC
2013   Q1 94,100 0.28 Add 30.51% 0.07 $77.08 $7,253,000 SEC
2012   Q4 72,100 0.20 Add 236.92% 0.14 $61.84 $4,459,000 SEC
2012   Q3 21,400 0.06 Buy 0.06 $63.64 $1,362,000 SEC