MARKEL CORP

Ticker: MKL CUSIP: 570535104 Class: COMMON STOCK

Cheviot Value Management, LLC's Holding History (CIK: 0001427147)

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

Q4 2025

Shares 6,840 Value ($000) $13,752 Avg Close $2025.92 Range $1812.24 - $2207.59

Q3 2025

Shares 6,755 Value ($000) $12,415 Avg Close $1960.42 Range $1889.91 - $2075.92

Q2 2025

Shares 6,822 Value ($000) $13,033 Avg Close $1875.20 Range $1621.89 - $2004.24

Q1 2025

Shares 6,833 Value ($000) $12,759 Avg Close $1839.75 Range $1641.51 - $2063.68

Q4 2024

Shares 6,816 Value ($000) $11,766 Avg Close $1659.34 Range $1521.25 - $1809.11

Q3 2024

Shares 6,429 Value ($000) $10,084 Avg Close $1565.15 Range $1491.03 - $1660.74

Q2 2024

Shares 6,491 Value ($000) $10,228 Avg Close $1552.86 Range $1417.65 - $1670.24

Q1 2024

Shares 6,227 Value ($000) $9,474 Avg Close $1466.28 Range $1342.66 - $1534.62

Q4 2023

Shares 5,672 Value ($000) $8,128 Avg Close $1418.73 Range $1295.65 - $1528.08

Q3 2023

Shares 5,563 Value ($000) $8,191 Avg Close $1463.82 Range $1345.00 - $1560.00

Q2 2023

Shares 5,457 Value ($000) $7,548 Avg Close $1340.97 Range $1272.43 - $1400.00

Q1 2023

Shares 5,073 Value ($000) $6,480 Avg Close $1328.48 Range $1186.56 - $1458.56

Q4 2022

Shares 4,884 Value ($000) $6,504 Avg Close $1237.05 Range $1085.09 - $1356.37

Q3 2022

Shares 4,765 Value ($000) $5,166 Avg Close $1220.12 Range $1064.09 - $1335.10

Q2 2022

Shares 4,723 Value ($000) $6,108 Avg Close $1372.21 Range $1251.77 - $1519.25

Q1 2022

Shares 5,016 Value ($000) $7,400 Avg Close $1291.81 Range $1180.00 - $1513.00

Q4 2021

Shares 5,120 Value ($000) $6,318 Avg Close $1261.86 Range $1179.00 - $1343.56

Q3 2021

Shares 5,187 Value ($000) $6,199 Avg Close $1232.92 Range $1175.35 - $1288.00

Q2 2021

Shares 5,097 Value ($000) $6,049 Avg Close $1198.75 Range $1138.00 - $1268.96

Q1 2021

Shares 5,285 Value ($000) $6,023 Avg Close $1078.65 Range $942.44 - $1169.50

Q4 2020

Shares 5,126 Value ($000) $5,297 Avg Close $996.82 Range $913.04 - $1073.43

Q3 2020

Shares 3,092 Value ($000) $3,011 Avg Close $1015.77 Range $881.00 - $1124.00

Q2 2020

Shares 2,864 Value ($000) $2,644 Avg Close $908.95 Range $761.06 - $1049.56

Q1 2020

Shares 3,599 Value ($000) $3,339 Avg Close $1143.50 Range $710.52 - $1347.64

Q4 2019

Shares 3,823 Value ($000) $4,370 Avg Close $1138.97 Range $1100.00 - $1216.47

Q3 2019

Shares 3,809 Value ($000) $4,502 Avg Close $1136.16 Range $1065.01 - $1204.45

Q2 2019

Shares 3,782 Value ($000) $4,121 Avg Close $1047.93 Range $970.42 - $1099.00

Q1 2019

Shares 3,756 Value ($000) $3,742 Avg Close $1015.52 Range $950.16 - $1081.00

Q4 2018

Shares 3,697 Value ($000) $3,838 Avg Close $1093.58 Range $954.39 - $1203.43

Q3 2018

Shares 3,922 Value ($000) $4,661 Avg Close $1176.81 Range $1078.02 - $1228.32

Q2 2018

Shares 3,938 Value ($000) $4,270 Avg Close $1129.38 Range $1083.92 - $1180.00

Q1 2018

Shares 3,951 Value ($000) $4,624 Avg Close $1125.56 Range $1049.95 - $1194.98

Q4 2017

Shares 4,035 Value ($000) $4,596 Avg Close $1093.18 Range $1054.20 - $1157.30

Q3 2017

Shares 4,063 Value ($000) $4,339 Avg Close $1034.02 Range $963.79 - $1086.68

Q2 2017

Shares 4,084 Value ($000) $3,985 Avg Close $970.65 Range $936.95 - $996.38

Q1 2017

Shares 4,159 Value ($000) $4,059 Avg Close $945.13 Range $887.40 - $992.00

Q4 2016

Shares 4,142 Value ($000) $3,746 Avg Close $891.63 Range $811.05 - $931.94

Q3 2016

Shares 4,176 Value ($000) $3,879 Avg Close $933.01 Range $909.84 - $961.78

Q2 2016

Shares 4,219 Value ($000) $4,020 Avg Close $931.24 Range $880.01 - $989.18

Q1 2016

Shares 4,277 Value ($000) $3,813 Avg Close $859.54 Range $805.03 - $895.03

Q4 2015

Shares 4,420 Value ($000) $3,904 Avg Close $870.15 Range $791.97 - $937.91

Q3 2015

Shares 4,512 Value ($000) $3,618 Avg Close $846.01 Range $775.00 - $898.08

Q2 2015

Shares 4,824 Value ($000) $3,862 Avg Close $777.66 Range $736.96 - $821.00

Q1 2015

Shares 4,773 Value ($000) $3,670 Avg Close $722.91 Range $660.05 - $783.50

Q4 2014

Shares 4,823 Value ($000) $3,293 Avg Close $678.17 Range $632.65 - $707.36

Q3 2014

Shares 5,120 Value ($000) $3,257 Avg Close $645.09 Range $623.90 - $666.00

Q2 2014

Shares 5,729 Value ($000) $3,756 Avg Close $630.07 Range $593.76 - $655.75

Q1 2014

Shares 5,787 Value ($000) $3,450 Avg Close $569.59 Range $527.17 - $596.87

Q4 2013

Shares 5,979 Value ($000) $3,470 Avg Close $542.65 Range $511.06 - $582.59

Q3 2013

Shares 6,094 Value ($000) $3,155 Avg Close $525.40 Range $506.64 - $549.09

Q2 2013

Shares 6,110 Value ($000) $3,220 Avg Close $523.59 Range $501.76 - $546.94

Q1 2013

Shares 13,574 Value ($000) $6,835 Avg Close $483.26 Range $434.98 - $510.05

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	6,840	$13,752	$2025.92	$1812.24 - $2207.59
Q3 2025	6,755	$12,415	$1960.42	$1889.91 - $2075.92
Q2 2025	6,822	$13,033	$1875.20	$1621.89 - $2004.24
Q1 2025	6,833	$12,759	$1839.75	$1641.51 - $2063.68
Q4 2024	6,816	$11,766	$1659.34	$1521.25 - $1809.11
Q3 2024	6,429	$10,084	$1565.15	$1491.03 - $1660.74
Q2 2024	6,491	$10,228	$1552.86	$1417.65 - $1670.24
Q1 2024	6,227	$9,474	$1466.28	$1342.66 - $1534.62
Q4 2023	5,672	$8,128	$1418.73	$1295.65 - $1528.08
Q3 2023	5,563	$8,191	$1463.82	$1345.00 - $1560.00
Q2 2023	5,457	$7,548	$1340.97	$1272.43 - $1400.00
Q1 2023	5,073	$6,480	$1328.48	$1186.56 - $1458.56
Q4 2022	4,884	$6,504	$1237.05	$1085.09 - $1356.37
Q3 2022	4,765	$5,166	$1220.12	$1064.09 - $1335.10
Q2 2022	4,723	$6,108	$1372.21	$1251.77 - $1519.25
Q1 2022	5,016	$7,400	$1291.81	$1180.00 - $1513.00
Q4 2021	5,120	$6,318	$1261.86	$1179.00 - $1343.56
Q3 2021	5,187	$6,199	$1232.92	$1175.35 - $1288.00
Q2 2021	5,097	$6,049	$1198.75	$1138.00 - $1268.96
Q1 2021	5,285	$6,023	$1078.65	$942.44 - $1169.50
Q4 2020	5,126	$5,297	$996.82	$913.04 - $1073.43
Q3 2020	3,092	$3,011	$1015.77	$881.00 - $1124.00
Q2 2020	2,864	$2,644	$908.95	$761.06 - $1049.56
Q1 2020	3,599	$3,339	$1143.50	$710.52 - $1347.64
Q4 2019	3,823	$4,370	$1138.97	$1100.00 - $1216.47
Q3 2019	3,809	$4,502	$1136.16	$1065.01 - $1204.45
Q2 2019	3,782	$4,121	$1047.93	$970.42 - $1099.00
Q1 2019	3,756	$3,742	$1015.52	$950.16 - $1081.00
Q4 2018	3,697	$3,838	$1093.58	$954.39 - $1203.43
Q3 2018	3,922	$4,661	$1176.81	$1078.02 - $1228.32
Q2 2018	3,938	$4,270	$1129.38	$1083.92 - $1180.00
Q1 2018	3,951	$4,624	$1125.56	$1049.95 - $1194.98
Q4 2017	4,035	$4,596	$1093.18	$1054.20 - $1157.30
Q3 2017	4,063	$4,339	$1034.02	$963.79 - $1086.68
Q2 2017	4,084	$3,985	$970.65	$936.95 - $996.38
Q1 2017	4,159	$4,059	$945.13	$887.40 - $992.00
Q4 2016	4,142	$3,746	$891.63	$811.05 - $931.94
Q3 2016	4,176	$3,879	$933.01	$909.84 - $961.78
Q2 2016	4,219	$4,020	$931.24	$880.01 - $989.18
Q1 2016	4,277	$3,813	$859.54	$805.03 - $895.03
Q4 2015	4,420	$3,904	$870.15	$791.97 - $937.91
Q3 2015	4,512	$3,618	$846.01	$775.00 - $898.08
Q2 2015	4,824	$3,862	$777.66	$736.96 - $821.00
Q1 2015	4,773	$3,670	$722.91	$660.05 - $783.50
Q4 2014	4,823	$3,293	$678.17	$632.65 - $707.36
Q3 2014	5,120	$3,257	$645.09	$623.90 - $666.00
Q2 2014	5,729	$3,756	$630.07	$593.76 - $655.75
Q1 2014	5,787	$3,450	$569.59	$527.17 - $596.87
Q4 2013	5,979	$3,470	$542.65	$511.06 - $582.59
Q3 2013	6,094	$3,155	$525.40	$506.64 - $549.09
Q2 2013	6,110	$3,220	$523.59	$501.76 - $546.94
Q1 2013	13,574	$6,835	$483.26	$434.98 - $510.05