PepsiCo, Inc.
US ˙ NasdaqGS ˙ US7134481081

SecurityPEP / PepsiCo, Inc.
InstitutionMarkel Corp
Latest Disclosed Ownership96,210 shares
Latest Disclosed Value $ 14,940,451
Markel Corp ownership in PEP / PepsiCo, Inc.

On May 1, 2026 - Markel Corp filed a 13F-HR form disclosing ownership of 96,210 shares of PepsiCo, Inc. (US:PEP) valued at $14,940,451 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 6, 2026 disclosing 96,210 shares of PepsiCo, Inc.. This represents a change in shares of 0.00% during the quarter. The current value of the position is $13,713,773 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-01 2026-03-31 13F PEPSICO COM 713448108 96,210 0 0.00 14,940 8.20 0.1079
2026-02-06 2025-12-31 13F PEPSICO COM 713448108 96,210 0 0.00 13,808 2.20 0.1101
2025-10-31 2025-09-30 13F PEPSICO COM 713448108 96,210 0 0.00 13,512 6.36 0.1097
2025-08-01 2025-06-30 13F PEPSICO COM 713448108 96,210 0 0.00 12,704 -11.94 0.1074
2025-05-02 2025-03-31 13F PEPSICO COM 713448108 96,210 0 0.00 14,426 -1.39 0.1281
2025-02-07 2024-12-31 13F PEPSICO COM 713448108 96,210 0 0.00 14,630 -10.58 0.1290
2024-11-01 2024-09-30 13F PEPSICO COM 713448108 96,210 0 0.00 16,361 3.11 0.1473
2024-08-02 2024-06-30 13F PEPSICO COM 713448108 96,210 0 0.00 15,868 -5.76 0.1561
2024-05-03 2024-03-31 13F PEPSICO COM 713448108 96,210 0 0.00 16,838 3.04 0.1661
2024-02-02 2023-12-31 13F PEPSICO COM 713448108 96,210 0 0.00 16,340 0.24 0.1776
2023-11-03 2023-09-30 13F PEPSICO COM 713448108 96,210 0 0.00 16,302 -8.52 0.1968
2023-08-04 2023-06-30 13F PEPSICO COM 713448108 96,210 0 0.00 17,820 1.60 0.2122
2023-04-28 2023-03-31 13F PEPSICO COM 713448108 96,210 0 0.00 17,539 0.91 0.2231
2023-02-03 2022-12-31 13F PEPSICO COM 713448108 96,210 0 0.00 17,381 10.66 0.2330
2022-11-04 2022-09-30 13F PEPSICO COM 713448108 96,210 0 0.00 15,707 -2.04 0.2318
2022-08-05 2022-06-30 13F PEPSICO COM 713448108 96,210 0 0.00 16,034 -0.43 0.2292
2022-04-29 2022-03-31 13F PEPSICO COM 713448108 96,210 0 0.00 16,104 -3.64 0.1788
2022-02-04 2021-12-31 13F PEPSICO COM 713448108 96,210 0 0.00 16,713 15.49 0.1923
2021-11-05 2021-09-30 13F PEPSICO COM 713448108 96,210 0 0.00 14,471 1.52 0.1829
2021-08-06 2021-06-30 13F PEPSICO COM 713448108 96,210 0 0.00 14,255 4.75 0.1804
2021-04-30 2021-03-31 13F PEPSICO COM 713448108 96,210 0 0.00 13,609 -4.62 0.1884
2021-02-05 2020-12-31 13F PEPSICO COM 713448108 96,210 610 0.64 14,268 7.68 0.2125
2020-10-30 2020-09-30 13F Pepsico COM 713448108 95,600 0 0.00 13,250 4.79 0.2247
2020-08-03 2020-06-30 13F Pepsico COM 713448108 95,600 0 0.00 12,644 10.12 0.2355
2020-05-01 2020-03-31 13F Pepsico COM 713448108 95,600 -50,000 -34.34 11,482 -42.30 0.2160
2020-02-07 2019-12-31 13F Pepsico COM 713448108 145,600 0 0.00 19,899 -0.32 0.2763
2019-11-01 2019-09-30 13F Pepsico COM 713448108 145,600 0 0.00 19,962 4.56 0.3016
2019-08-02 2019-06-30 13F Pepsico COM 713448108 145,600 0 0.00 19,092 7.00 0.2936
2019-05-03 2019-03-31 13F Pepsico COM 713448108 145,600 0 0.00 17,843 10.92 0.2990
2019-02-08 2018-12-31 13F Pepsico COM 713448108 145,600 0 0.00 16,086 -1.18 0.3073
2018-11-02 2018-09-30 13F Pepsico COM 713448108 145,600 0 0.00 16,278 2.69 0.2745
2018-08-03 2018-06-30 13F Pepsico COM 713448108 145,600 0 0.00 15,851 -0.26 0.2909
2018-04-27 2018-03-31 13F Pepsico COM 713448108 145,600 0 0.00 15,892 -8.98 0.3021
2018-02-09 2017-12-31 13F Pepsico COM 713448108 145,600 0 0.00 17,460 7.62 0.3297
2017-10-27 2017-09-30 13F Pepsico COM 713448108 145,600 0 0.00 16,224 -3.51 0.3230
2017-07-28 2017-06-30 13F Pepsico COM 713448108 145,600 0 0.00 16,815 3.24 0.3586
2017-04-28 2017-03-31 13F Pepsico COM 713448108 145,600 0 0.00 16,287 6.91 0.3669
2017-02-10 2016-12-31 13F Pepsico COM 713448108 145,600 0 0.00 15,234 -3.81 0.3672
2016-11-04 2016-09-30 13F Pepsico COM 713448108 145,600 500 0.34 15,837 3.02 0.4082
2016-08-05 2016-06-30 13F Pepsico COM 713448108 145,100 5,800 4.16 15,372 7.68 0.4051
2016-05-06 2016-03-31 13F Pepsico COM 713448108 139,300 0 0.00 14,275 2.56 0.3832
2016-02-16 2015-12-31 13F Pepsico COM 713448108 139,300 0 0.00 13,919 5.96 0.3768
2015-11-09 2015-09-30 13F Pepsico COM 713448108 139,300 5,000 3.72 13,136 4.79 0.3461
2015-08-14 2015-06-30 13F Pepsico COM 713448108 134,300 0 0.00 12,536 -2.38 0.3130
2015-05-07 2015-03-31 13F Pepsico COM 713448108 134,300 0 0.00 12,842 1.13 0.3246
2015-02-09 2014-12-31 13F Pepsico COM 713448108 134,300 0 0.00 12,699 1.58 0.3351
2014-11-12 2014-09-30 13F Pepsico COM 713448108 134,300 0 0.00 12,502 4.20 0.3526
2014-08-08 2014-06-30 13F Pepsico COM 713448108 134,300 5,000 3.87 11,998 11.12 0.3421
2014-05-13 2014-03-31 13F Pepsico COM 713448108 129,300 -1,000 -0.77 10,797 -0.09 0.3315
2014-02-11 2013-12-31 13F Pepsico COM 713448108 130,300 0 0.00 10,807 4.32 0.3416
2013-11-12 2013-09-30 13F Pepsico COM 713448108 130,300 0 0.00 10,359 -2.80 0.3551
2013-08-08 2013-06-30 13F Pepsico COM 713448108 130,300 130,300 10,657 0.3812
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.