Margrave (foaled 1893 in Kentucky) was an American Thoroughbred racehorse who won the 1896 Preakness Stakes, a race that would become the second leg of the U.S.

He was sired by 1883 Epsom Derby winner St. Blaise who had originally been imported into the United States by August Belmont Sr. to stand at his Nursery Stud which at the time was located in Babylon, New York.

[3] Margrave was trained by Byron McClelland who had previously won the 1895 Kentucky Derby with Halma and the 1894 Belmont Stakes with Henry of Navarre.

Margrave met with limited success as a stallion for his owner's Nursery Stud but did produce 1902 Queens County Handicap winner Margraviate.

In 1906, Belmont gave Margrave to the New York Breeding Bureau to be used as a sire for work horses.