Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 115

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 115
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 benefit pension plan asset portfolio for the existence of significant concentrations (defined as greater than 10% of plan assets) of credit risk as of December 31, 2024. Types of concentrations that were evaluated include, but are not limited to, investment concentrations in a single entity, type of industry, foreign country and individual fund. At December 31, 2024, the pension plan held investments in one common stock and one private investment fund that exceeded 10% of total plan assets, valued at $1,178.5 million, or approximately 40% of total plan assets. At December 31, 2023, the pension plan held investments in one common stock and one private investment fund that exceeded 10% of total plan assets, valued at $1,011.1 million, or approximately 34% of total plan assets. Assets also included $100.1 million and $82.4 million of Markel shares at December 31, 2024 and 2023, respectively.The Company’s pension plan assets measured at fair value on a recurring basis were as follows:As of December 31, 2024(in thousands)Level 1Level 2Level 3TotalCash equivalents$2,308 $— $— $2,308 Equity securitiesU.S. equities (1)1,899,611 — — 1,899,611 International equities (2)361,941 — — 361,941 Total Investments$2,263,860 $— $— $2,263,860 Short-term investment funds measured at NAV (3)150,103 Private investment funds measured at NAV (4)557,122 Payables, net (3,915)Total $2,967,170 As of December 31, 2023(in thousands)Level 1Level 2Level 3TotalCash equivalents$2,230 $— $— $2,230 Equity securitiesU.S. equities (1)1,793,705 — — 1,793,705 International equities (2)414,285 — — 414,285 Total Investments$2,210,220 $— $— $2,210,220 Short-term investment funds measured at NAV (3)197,712 Private investment funds measured at NAV (4)509,647 U.S