MARKEL CORP

Ticker: MKL CUSIP: 570535104 Class: COMMON STOCK

GARDNER RUSSO & QUINN LLC's Holding History (CIK: 0000860643)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 6,279 Value ($000) $13,498 Avg Close $2025.92 Range $1812.24 - $2207.59

Q3 2025

Shares 7,653 Value ($000) $14,628 Avg Close $1960.42 Range $1889.91 - $2075.92

Q2 2025

Shares 8,143 Value ($000) $16,265 Avg Close $1875.20 Range $1621.89 - $2004.24

Q1 2025

Shares 8,276 Value ($000) $15,473 Avg Close $1839.75 Range $1641.51 - $2063.68

Q4 2024

Shares 8,621 Value ($000) $14,882 Avg Close $1659.34 Range $1521.25 - $1809.11

Q3 2024

Shares 9,016 Value ($000) $14,142 Avg Close $1565.15 Range $1491.03 - $1660.74

Q2 2024

Shares 9,619 Value ($000) $15,156 Avg Close $1552.86 Range $1417.65 - $1670.24

Q1 2024

Shares 9,799 Value ($000) $14,909 Avg Close $1466.28 Range $1342.66 - $1534.62

Q4 2023

Shares 9,984 Value ($000) $14,176 Avg Close $1418.73 Range $1295.65 - $1528.08

Q3 2023

Shares 9,989 Value ($000) $14,709 Avg Close $1463.82 Range $1345.00 - $1560.00

Q2 2023

Shares 9,919 Value ($000) $13,720 Avg Close $1340.97 Range $1272.43 - $1400.00

Q1 2023

Shares 9,750 Value ($000) $12,455 Avg Close $1328.48 Range $1186.56 - $1458.56

Q4 2022

Shares 8,725 Value ($000) $11,495 Avg Close $1237.05 Range $1085.09 - $1356.37

Q3 2022

Shares 8,037 Value ($000) $8,714 Avg Close $1220.12 Range $1064.09 - $1335.10

Q2 2022

Shares 6,611 Value ($000) $8,550 Avg Close $1372.21 Range $1251.77 - $1519.25

Q1 2022

Shares 6,517 Value ($000) $9,614 Avg Close $1291.81 Range $1180.00 - $1513.00

Q4 2021

Shares 6,527 Value ($000) $8,054 Avg Close $1261.86 Range $1179.00 - $1343.56

Q3 2021

Shares 6,602 Value ($000) $7,890 Avg Close $1232.92 Range $1175.35 - $1288.00

Q2 2021

Shares 6,702 Value ($000) $7,953 Avg Close $1198.75 Range $1138.00 - $1268.96

Q1 2021

Shares 6,712 Value ($000) $7,649 Avg Close $1078.65 Range $942.44 - $1169.50

Q4 2020

Shares 6,772 Value ($000) $6,998 Avg Close $996.82 Range $913.04 - $1073.43

Q3 2020

Shares 7,127 Value ($000) $6,940 Avg Close $1015.77 Range $881.00 - $1124.00

Q2 2020

Shares 7,127 Value ($000) $6,579 Avg Close $908.95 Range $761.06 - $1049.56

Q1 2020

Shares 7,427 Value ($000) $6,891 Avg Close $1143.50 Range $710.52 - $1347.64

Q4 2019

Shares 7,527 Value ($000) $8,605 Avg Close $1138.97 Range $1100.00 - $1216.47

Q3 2019

Shares 7,577 Value ($000) $8,955 Avg Close $1136.16 Range $1065.01 - $1204.45

Q2 2019

Shares 7,684 Value ($000) $8,372 Avg Close $1047.93 Range $970.42 - $1099.00

Q1 2019

Shares 7,769 Value ($000) $7,740 Avg Close $1015.52 Range $950.16 - $1081.00

Q4 2018

Shares 7,920 Value ($000) $8,221 Avg Close $1093.58 Range $954.39 - $1203.43

Q3 2018

Shares 8,000 Value ($000) $9,508 Avg Close $1176.81 Range $1078.02 - $1228.32

Q2 2018

Shares 8,090 Value ($000) $8,772 Avg Close $1129.38 Range $1083.92 - $1180.00

Q1 2018

Shares 8,183 Value ($000) $9,576 Avg Close $1125.56 Range $1049.95 - $1194.98

Q4 2017

Shares 8,333 Value ($000) $9,492 Avg Close $1093.18 Range $1054.20 - $1157.30

Q3 2017

Shares 10,908 Value ($000) $11,650 Avg Close $1034.02 Range $963.79 - $1086.68

Q2 2017

Shares 11,112 Value ($000) $10,844 Avg Close $970.65 Range $936.95 - $996.38

Q1 2017

Shares 11,262 Value ($000) $10,990 Avg Close $945.13 Range $887.40 - $992.00

Q4 2016

Shares 11,762 Value ($000) $10,639 Avg Close $891.63 Range $811.05 - $931.94

Q3 2016

Shares 11,987 Value ($000) $11,133 Avg Close $933.01 Range $909.84 - $961.78

Q2 2016

Shares 12,272 Value ($000) $11,693 Avg Close $931.24 Range $880.01 - $989.18

Q1 2016

Shares 13,137 Value ($000) $11,713 Avg Close $859.54 Range $805.03 - $895.03

Q4 2015

Shares 14,557 Value ($000) $12,859 Avg Close $870.15 Range $791.97 - $937.91

Q3 2015

Shares 15,621 Value ($000) $12,526 Avg Close $846.01 Range $775.00 - $898.08

Q2 2015

Shares 16,128 Value ($000) $12,913 Avg Close $777.66 Range $736.96 - $821.00

Q1 2015

Shares 16,247 Value ($000) $12,493 Avg Close $722.91 Range $660.05 - $783.50

Q4 2014

Shares 16,521 Value ($000) $11,281 Avg Close $678.17 Range $632.65 - $707.36

Q3 2014

Shares 17,946 Value ($000) $11,416 Avg Close $645.09 Range $623.90 - $666.00

Q2 2014

Shares 18,502 Value ($000) $12,131 Avg Close $630.07 Range $593.76 - $655.75

Q1 2014

Shares 18,927 Value ($000) $11,282 Avg Close $569.59 Range $527.17 - $596.87

Q4 2013

Shares 19,127 Value ($000) $11,100 Avg Close $542.65 Range $511.06 - $582.59

Q3 2013

Shares 19,777 Value ($000) $10,240 Avg Close $525.40 Range $506.64 - $549.09

Q2 2013

Shares 19,956 Value ($000) $10,516 Avg Close $523.59 Range $501.76 - $546.94

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	6,279	$13,498	$2025.92	$1812.24 - $2207.59
Q3 2025	7,653	$14,628	$1960.42	$1889.91 - $2075.92
Q2 2025	8,143	$16,265	$1875.20	$1621.89 - $2004.24
Q1 2025	8,276	$15,473	$1839.75	$1641.51 - $2063.68
Q4 2024	8,621	$14,882	$1659.34	$1521.25 - $1809.11
Q3 2024	9,016	$14,142	$1565.15	$1491.03 - $1660.74
Q2 2024	9,619	$15,156	$1552.86	$1417.65 - $1670.24
Q1 2024	9,799	$14,909	$1466.28	$1342.66 - $1534.62
Q4 2023	9,984	$14,176	$1418.73	$1295.65 - $1528.08
Q3 2023	9,989	$14,709	$1463.82	$1345.00 - $1560.00
Q2 2023	9,919	$13,720	$1340.97	$1272.43 - $1400.00
Q1 2023	9,750	$12,455	$1328.48	$1186.56 - $1458.56
Q4 2022	8,725	$11,495	$1237.05	$1085.09 - $1356.37
Q3 2022	8,037	$8,714	$1220.12	$1064.09 - $1335.10
Q2 2022	6,611	$8,550	$1372.21	$1251.77 - $1519.25
Q1 2022	6,517	$9,614	$1291.81	$1180.00 - $1513.00
Q4 2021	6,527	$8,054	$1261.86	$1179.00 - $1343.56
Q3 2021	6,602	$7,890	$1232.92	$1175.35 - $1288.00
Q2 2021	6,702	$7,953	$1198.75	$1138.00 - $1268.96
Q1 2021	6,712	$7,649	$1078.65	$942.44 - $1169.50
Q4 2020	6,772	$6,998	$996.82	$913.04 - $1073.43
Q3 2020	7,127	$6,940	$1015.77	$881.00 - $1124.00
Q2 2020	7,127	$6,579	$908.95	$761.06 - $1049.56
Q1 2020	7,427	$6,891	$1143.50	$710.52 - $1347.64
Q4 2019	7,527	$8,605	$1138.97	$1100.00 - $1216.47
Q3 2019	7,577	$8,955	$1136.16	$1065.01 - $1204.45
Q2 2019	7,684	$8,372	$1047.93	$970.42 - $1099.00
Q1 2019	7,769	$7,740	$1015.52	$950.16 - $1081.00
Q4 2018	7,920	$8,221	$1093.58	$954.39 - $1203.43
Q3 2018	8,000	$9,508	$1176.81	$1078.02 - $1228.32
Q2 2018	8,090	$8,772	$1129.38	$1083.92 - $1180.00
Q1 2018	8,183	$9,576	$1125.56	$1049.95 - $1194.98
Q4 2017	8,333	$9,492	$1093.18	$1054.20 - $1157.30
Q3 2017	10,908	$11,650	$1034.02	$963.79 - $1086.68
Q2 2017	11,112	$10,844	$970.65	$936.95 - $996.38
Q1 2017	11,262	$10,990	$945.13	$887.40 - $992.00
Q4 2016	11,762	$10,639	$891.63	$811.05 - $931.94
Q3 2016	11,987	$11,133	$933.01	$909.84 - $961.78
Q2 2016	12,272	$11,693	$931.24	$880.01 - $989.18
Q1 2016	13,137	$11,713	$859.54	$805.03 - $895.03
Q4 2015	14,557	$12,859	$870.15	$791.97 - $937.91
Q3 2015	15,621	$12,526	$846.01	$775.00 - $898.08
Q2 2015	16,128	$12,913	$777.66	$736.96 - $821.00
Q1 2015	16,247	$12,493	$722.91	$660.05 - $783.50
Q4 2014	16,521	$11,281	$678.17	$632.65 - $707.36
Q3 2014	17,946	$11,416	$645.09	$623.90 - $666.00
Q2 2014	18,502	$12,131	$630.07	$593.76 - $655.75
Q1 2014	18,927	$11,282	$569.59	$527.17 - $596.87
Q4 2013	19,127	$11,100	$542.65	$511.06 - $582.59
Q3 2013	19,777	$10,240	$525.40	$506.64 - $549.09
Q2 2013	19,956	$10,516	$523.59	$501.76 - $546.94