Markel Corporation

Markel Corporation as of Dec. 31, 2007

Portfolio Holdings for Markel Corporation

Markel Corporation holds 73 positions in its portfolio as reported in the December 2007 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Berkshire Hathaway Inc. Class B 7.6 $149M 32k 4736.06
General Electric Company 7.0 $137M 3.7M 37.07
Berkshire Hathaway (BRK.A) 6.5 $128M 902.00 141600.00
Diageo (DEO) 5.6 $109M 1.3M 85.83
CarMax (KMX) 5.5 $107M 5.4M 19.75
Fairfax Financial Holdings Lim (FRFHF) 4.7 $91M 320k 286.13
Anheuser-busch Cos 4.2 $83M 1.6M 52.35
White Mountains Insurance Gp (WTM) 3.7 $72M 139k 514.05
Brookfield Asset Management 3.0 $58M 1.6M 35.67
United Parcel Service (UPS) 2.6 $50M 709k 70.72
International Game Technology 2.5 $49M 1.1M 43.93
Citi 2.3 $45M 1.5M 29.44
Wal-Mart Stores (WMT) 2.0 $38M 808k 47.53
Marriott International (MAR) 1.9 $37M 1.1M 34.18
Forest City Enterprises 1.9 $36M 813k 44.44
Rli (RLI) 1.8 $36M 632k 56.79
Johnson & Johnson (JNJ) 1.8 $36M 537k 66.69
General Dynamics Corporation (GD) 1.8 $35M 394k 88.99
Exxon Corporation 1.8 $34M 367k 93.69
Marsh & McLennan Companies (MMC) 1.7 $34M 1.3M 26.47
W. P. Carey & Co 1.6 $32M 956k 33.20
Landamerica Financial Group 1.6 $31M 931k 33.45
Bank of America Corporation (BAC) 1.5 $30M 729k 41.26
Xl Capital 1.5 $29M 577k 50.31
Home Depot (HD) 1.4 $28M 1.0M 26.95
AFLAC Incorporated (AFL) 1.3 $25M 405k 62.62
SYSCO Corporation (SYY) 1.3 $25M 794k 31.21
Fidelity National Financial 1.2 $25M 1.7M 14.61
Cincinnati Financial Corporation (CINF) 1.1 $21M 541k 39.54
Brown-Forman Corporation (BF.A) 1.1 $21M 285k 74.84
McGraw-Hill Companies 1.1 $21M 483k 43.81
American Express Company (AXP) 1.1 $21M 403k 52.00
Bank of New York Mellon Corporation (BK) 1.0 $19M 394k 48.76
Comcast Corporation (CMCSA) 0.8 $17M 912k 18.26
Plum Creek Timber 0.8 $17M 359k 46.04
Caterpillar (CAT) 0.7 $14M 197k 72.56
Automatic Data Processing (ADP) 0.7 $14M 307k 44.53
NuStar GP Holdings 0.7 $13M 470k 28.55
Illinois Tool Works (ITW) 0.7 $13M 243k 53.54
Charles Schwab Corporation (SCHW) 0.7 $13M 505k 25.55
Washington Real Estate Investment Trust (ELME) 0.7 $13M 412k 31.41
Mbia (MBI) 0.6 $11M 590k 18.63
Northern Trust Corporation (NTRS) 0.6 $11M 140k 76.60
T. Rowe Price (TROW) 0.5 $10M 170k 60.91
Allied Capital 0.5 $9.4M 439k 21.50
Altria (MO) 0.5 $8.8M 117k 75.58
Investors Title Company (ITIC) 0.5 $8.8M 230k 38.39
Brown & Brown (BRO) 0.4 $8.6M 366k 23.50
Federated Investors (FHI) 0.4 $7.3M 176k 41.20
International Speedway Corporation 0.3 $6.9M 169k 41.18
Leucadia National 0.3 $6.5M 138k 47.09
News Corporation 0.3 $6.4M 302k 21.25
3M Company (MMM) 0.3 $5.9M 70k 84.32
Washington Post Company 0.2 $4.3M 5.4k 791.52
Intel Corporation (INTC) 0.2 $3.9M 147k 26.67
Tiffany & Co. 0.2 $3.7M 81k 46.03
Lowe's Companies (LOW) 0.2 $3.5M 154k 22.62
Corus Bankshares 0.2 $3.6M 334k 10.67
State Street Corporation (STT) 0.2 $3.3M 40k 81.19
Meadowbrook Insurance 0.2 $3.3M 354k 9.41
Friedman, Billings, Ramsey Gro 0.2 $3.0M 967k 3.14
American Intl Group 0.1 $2.5M 43k 58.30
Pepsi (PEP) 0.1 $2.5M 34k 75.91
Walgreen Company 0.1 $2.5M 65k 38.09
Valley National Ban (VLY) 0.1 $2.4M 129k 19.06
Cintas Corporation (CTAS) 0.1 $2.4M 70k 33.62
Goldman Sachs (GS) 0.1 $2.2M 10k 215.00
International Business Machines (IBM) 0.1 $2.2M 21k 108.10
Alleghany Corporation 0.1 $1.6M 4.0k 402.00
Progressive Corporation (PGR) 0.1 $891k 47k 19.15
Microsoft Corporation (MSFT) 0.0 $697k 20k 35.58
Wachovia Corp 0.0 $791k 21k 38.02
UMH Properties (UMH) 0.0 $153k 13k 11.77