MARKEL CORP

Ticker: MKL CUSIP: 570535104 Class: COMMON STOCK

CANADA PENSION PLAN INVESTMENT BOARD's Holding History (CIK: 0001283718)

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

Q4 2025

Shares 1,010 Value ($000) $2,171 Avg Close $2025.92 Range $1812.24 - $2207.59

Q3 2025

Shares 690 Value ($000) $1,319 Avg Close $1960.42 Range $1889.91 - $2075.92

Q2 2025

Shares 18,119 Value ($000) $36,190 Avg Close $1875.20 Range $1621.89 - $2004.24

Q1 2025

Shares 14,767 Value ($000) $27,609 Avg Close $1839.75 Range $1641.51 - $2063.68

Q4 2024

Shares 11,110 Value ($000) $19,178 Avg Close $1659.34 Range $1521.25 - $1809.11

Q3 2024

Shares 8,789 Value ($000) $13,786 Avg Close $1565.15 Range $1491.03 - $1660.74

Q2 2024

Shares 9,174 Value ($000) $14,455 Avg Close $1552.86 Range $1417.65 - $1670.24

Q1 2024

Shares 12,577 Value ($000) $19,136 Avg Close $1466.28 Range $1342.66 - $1534.62

Q4 2023

Shares 4,040 Value ($000) $5,736 Avg Close $1418.73 Range $1295.65 - $1528.08

Q3 2023

Shares 840 Value ($000) $1,237 Avg Close $1463.82 Range $1345.00 - $1560.00

Q2 2023

Shares 840 Value ($000) $1,162 Avg Close $1340.97 Range $1272.43 - $1400.00

Q1 2023

Shares 840 Value ($000) $1,073 Avg Close $1328.48 Range $1186.56 - $1458.56

Q4 2022

Shares 2,767 Value ($000) $3,645 Avg Close $1237.05 Range $1085.09 - $1356.37

Q3 2022

Shares 1,407 Value ($000) $1,525 Avg Close $1220.12 Range $1064.09 - $1335.10

Q2 2022

Shares 627 Value ($000) $810 Avg Close $1372.21 Range $1251.77 - $1519.25

Q1 2022

Shares 10,497 Value ($000) $15,485 Avg Close $1291.81 Range $1180.00 - $1513.00

Q4 2021

Shares 2,499 Value ($000) $3,084 Avg Close $1261.86 Range $1179.00 - $1343.56

Q3 2021

Shares 1,324 Value ($000) $1,583 Avg Close $1232.92 Range $1175.35 - $1288.00

Q2 2021

Shares 4,340 Value ($000) $5,151 Avg Close $1198.75 Range $1138.00 - $1268.96

Q1 2021

Shares 4,157 Value ($000) $4,737 Avg Close $1078.65 Range $942.44 - $1169.50

Q4 2020

Shares 17,906 Value ($000) $18,503 Avg Close $996.82 Range $913.04 - $1073.43

Q3 2020

Shares 1,254 Value ($000) $1,221 Avg Close $1015.77 Range $881.00 - $1124.00

Q2 2020

Shares 1,574 Value ($000) $1,453 Avg Close $908.95 Range $761.06 - $1049.56

Q1 2020

Shares 1,721 Value ($000) $1,597 Avg Close $1143.50 Range $710.52 - $1347.64

Q4 2019

Shares 1,421 Value ($000) $1,624 Avg Close $1138.97 Range $1100.00 - $1216.47

Q3 2019

Shares 2,566 Value ($000) $3,033 Avg Close $1136.16 Range $1065.01 - $1204.45

Q2 2019

Shares 2,451 Value ($000) $2,671 Avg Close $1047.93 Range $970.42 - $1099.00

Q1 2019

Shares 140 Value ($000) $139 Avg Close $1015.52 Range $950.16 - $1081.00

Q4 2018

Shares 1,670 Value ($000) $1,734 Avg Close $1093.58 Range $954.39 - $1203.43

Q3 2018

Shares 3,000 Value ($000) $3,565 Avg Close $1176.81 Range $1078.02 - $1228.32

Q2 2018

Shares 2,610 Value ($000) $2,830 Avg Close $1129.38 Range $1083.92 - $1180.00

Q1 2018

Shares 2,015 Value ($000) $2,358 Avg Close $1125.56 Range $1049.95 - $1194.98

Q4 2017

Shares 2,015 Value ($000) $2,295 Avg Close $1093.18 Range $1054.20 - $1157.30

Q3 2017

Shares 7,229 Value ($000) $7,720 Avg Close $1034.02 Range $963.79 - $1086.68

Q2 2017

Shares 2,010 Value ($000) $1,961 Avg Close $970.65 Range $936.95 - $996.38

Q1 2017

Shares 2,045 Value ($000) $1,996 Avg Close $945.13 Range $887.40 - $992.00

Q4 2016

Shares 1,200 Value ($000) $1,085 Avg Close $891.63 Range $811.05 - $931.94

Q3 2016

Shares 2,064 Value ($000) $1,917 Avg Close $933.01 Range $909.84 - $961.78

Q2 2016

Shares 7,183 Value ($000) $6,844 Avg Close $931.24 Range $880.01 - $989.18

Q1 2016

Shares 3,664 Value ($000) $3,267 Avg Close $859.54 Range $805.03 - $895.03

Q4 2015

Shares 6,164 Value ($000) $5,445 Avg Close $870.15 Range $791.97 - $937.91

Q3 2015

Shares 10,064 Value ($000) $8,070 Avg Close $846.01 Range $775.00 - $898.08

Q2 2015

Shares 1,386 Value ($000) $1,110 Avg Close $777.66 Range $736.96 - $821.00

Q1 2015

Shares 21,386 Value ($000) $16,445 Avg Close $722.91 Range $660.05 - $783.50

Q4 2014

Shares 25,096 Value ($000) $17,137 Avg Close $678.17 Range $632.65 - $707.36

Q3 2014

Shares 27,596 Value ($000) $17,555 Avg Close $645.09 Range $623.90 - $666.00

Q2 2014

Shares 27,996 Value ($000) $18,355 Avg Close $630.07 Range $593.76 - $655.75

Q1 2014

Shares 25,296 Value ($000) $15,079 Avg Close $569.59 Range $527.17 - $596.87

Q4 2013

Shares 24,300 Value ($000) $14,103 Avg Close $542.65 Range $511.06 - $582.59

Q3 2013

Shares 23,200 Value ($000) $12,012 Avg Close $525.40 Range $506.64 - $549.09

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,010	$2,171	$2025.92	$1812.24 - $2207.59
Q3 2025	690	$1,319	$1960.42	$1889.91 - $2075.92
Q2 2025	18,119	$36,190	$1875.20	$1621.89 - $2004.24
Q1 2025	14,767	$27,609	$1839.75	$1641.51 - $2063.68
Q4 2024	11,110	$19,178	$1659.34	$1521.25 - $1809.11
Q3 2024	8,789	$13,786	$1565.15	$1491.03 - $1660.74
Q2 2024	9,174	$14,455	$1552.86	$1417.65 - $1670.24
Q1 2024	12,577	$19,136	$1466.28	$1342.66 - $1534.62
Q4 2023	4,040	$5,736	$1418.73	$1295.65 - $1528.08
Q3 2023	840	$1,237	$1463.82	$1345.00 - $1560.00
Q2 2023	840	$1,162	$1340.97	$1272.43 - $1400.00
Q1 2023	840	$1,073	$1328.48	$1186.56 - $1458.56
Q4 2022	2,767	$3,645	$1237.05	$1085.09 - $1356.37
Q3 2022	1,407	$1,525	$1220.12	$1064.09 - $1335.10
Q2 2022	627	$810	$1372.21	$1251.77 - $1519.25
Q1 2022	10,497	$15,485	$1291.81	$1180.00 - $1513.00
Q4 2021	2,499	$3,084	$1261.86	$1179.00 - $1343.56
Q3 2021	1,324	$1,583	$1232.92	$1175.35 - $1288.00
Q2 2021	4,340	$5,151	$1198.75	$1138.00 - $1268.96
Q1 2021	4,157	$4,737	$1078.65	$942.44 - $1169.50
Q4 2020	17,906	$18,503	$996.82	$913.04 - $1073.43
Q3 2020	1,254	$1,221	$1015.77	$881.00 - $1124.00
Q2 2020	1,574	$1,453	$908.95	$761.06 - $1049.56
Q1 2020	1,721	$1,597	$1143.50	$710.52 - $1347.64
Q4 2019	1,421	$1,624	$1138.97	$1100.00 - $1216.47
Q3 2019	2,566	$3,033	$1136.16	$1065.01 - $1204.45
Q2 2019	2,451	$2,671	$1047.93	$970.42 - $1099.00
Q1 2019	140	$139	$1015.52	$950.16 - $1081.00
Q4 2018	1,670	$1,734	$1093.58	$954.39 - $1203.43
Q3 2018	3,000	$3,565	$1176.81	$1078.02 - $1228.32
Q2 2018	2,610	$2,830	$1129.38	$1083.92 - $1180.00
Q1 2018	2,015	$2,358	$1125.56	$1049.95 - $1194.98
Q4 2017	2,015	$2,295	$1093.18	$1054.20 - $1157.30
Q3 2017	7,229	$7,720	$1034.02	$963.79 - $1086.68
Q2 2017	2,010	$1,961	$970.65	$936.95 - $996.38
Q1 2017	2,045	$1,996	$945.13	$887.40 - $992.00
Q4 2016	1,200	$1,085	$891.63	$811.05 - $931.94
Q3 2016	2,064	$1,917	$933.01	$909.84 - $961.78
Q2 2016	7,183	$6,844	$931.24	$880.01 - $989.18
Q1 2016	3,664	$3,267	$859.54	$805.03 - $895.03
Q4 2015	6,164	$5,445	$870.15	$791.97 - $937.91
Q3 2015	10,064	$8,070	$846.01	$775.00 - $898.08
Q2 2015	1,386	$1,110	$777.66	$736.96 - $821.00
Q1 2015	21,386	$16,445	$722.91	$660.05 - $783.50
Q4 2014	25,096	$17,137	$678.17	$632.65 - $707.36
Q3 2014	27,596	$17,555	$645.09	$623.90 - $666.00
Q2 2014	27,996	$18,355	$630.07	$593.76 - $655.75
Q1 2014	25,296	$15,079	$569.59	$527.17 - $596.87
Q4 2013	24,300	$14,103	$542.65	$511.06 - $582.59
Q3 2013	23,200	$12,012	$525.40	$506.64 - $549.09