MARKEL CORP

Ticker: MKL CUSIP: 570535104 Class: COMMON STOCK

Broad Run Investment Management, LLC's Holding History (CIK: 0001568621)

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

Q4 2025

Shares 20,525 Value ($000) $44,122 Avg Close $2025.92 Range $1812.24 - $2207.59

Q3 2025

Shares 20,547 Value ($000) $39,273 Avg Close $1960.42 Range $1889.91 - $2075.92

Q2 2025

Shares 21,826 Value ($000) $43,594 Avg Close $1875.20 Range $1621.89 - $2004.24

Q1 2025

Shares 24,408 Value ($000) $45,633 Avg Close $1839.75 Range $1641.51 - $2063.68

Q4 2024

Shares 32,856 Value ($000) $56,717 Avg Close $1659.34 Range $1521.25 - $1809.11

Q3 2024

Shares 33,110 Value ($000) $51,936 Avg Close $1565.15 Range $1491.03 - $1660.74

Q2 2024

Shares 35,645 Value ($000) $56,164 Avg Close $1552.86 Range $1417.65 - $1670.24

Q1 2024

Shares 41,551 Value ($000) $63,219 Avg Close $1466.28 Range $1342.66 - $1534.62

Q4 2023

Shares 42,797 Value ($000) $60,767 Avg Close $1418.73 Range $1295.65 - $1528.08

Q3 2023

Shares 46,233 Value ($000) $68,078 Avg Close $1463.82 Range $1345.00 - $1560.00

Q2 2023

Shares 51,782 Value ($000) $71,624 Avg Close $1340.97 Range $1272.43 - $1400.00

Q1 2023

Shares 56,458 Value ($000) $72,120 Avg Close $1328.48 Range $1186.56 - $1458.56

Q4 2022

Shares 59,830 Value ($000) $78,825 Avg Close $1237.05 Range $1085.09 - $1356.37

Q3 2022

Shares 87,399 Value ($000) $94,760 Avg Close $1220.12 Range $1064.09 - $1335.10

Q2 2022

Shares 92,017 Value ($000) $119,001 Avg Close $1372.21 Range $1251.77 - $1519.25

Q1 2022

Shares 102,001 Value ($000) $150,476 Avg Close $1291.81 Range $1180.00 - $1513.00

Q4 2021

Shares 107,568 Value ($000) $132,739 Avg Close $1261.86 Range $1179.00 - $1343.56

Q3 2021

Shares 111,127 Value ($000) $132,811 Avg Close $1232.92 Range $1175.35 - $1288.00

Q2 2021

Shares 111,518 Value ($000) $132,340 Avg Close $1198.75 Range $1138.00 - $1268.96

Q1 2021

Shares 113,065 Value ($000) $128,851 Avg Close $1078.65 Range $942.44 - $1169.50

Q4 2020

Shares 125,047 Value ($000) $129,211 Avg Close $996.82 Range $913.04 - $1073.43

Q3 2020

Shares 134,096 Value ($000) $130,569 Avg Close $1015.77 Range $881.00 - $1124.00

Q2 2020

Shares 143,491 Value ($000) $132,467 Avg Close $908.95 Range $761.06 - $1049.56

Q1 2020

Shares 154,931 Value ($000) $143,759 Avg Close $1143.50 Range $710.52 - $1347.64

Q4 2019

Shares 166,458 Value ($000) $190,290 Avg Close $1138.97 Range $1100.00 - $1216.47

Q3 2019

Shares 177,901 Value ($000) $210,261 Avg Close $1136.16 Range $1065.01 - $1204.45

Q2 2019

Shares 187,728 Value ($000) $204,548 Avg Close $1047.93 Range $970.42 - $1099.00

Q1 2019

Shares 196,877 Value ($000) $196,137 Avg Close $1015.52 Range $950.16 - $1081.00

Q4 2018

Shares 206,307 Value ($000) $214,157 Avg Close $1093.58 Range $954.39 - $1203.43

Q3 2018

Shares 215,914 Value ($000) $256,612 Avg Close $1176.81 Range $1078.02 - $1228.32

Q2 2018

Shares 247,734 Value ($000) $268,630 Avg Close $1129.38 Range $1083.92 - $1180.00

Q1 2018

Shares 257,336 Value ($000) $301,147 Avg Close $1125.56 Range $1049.95 - $1194.98

Q4 2017

Shares 255,513 Value ($000) $291,063 Avg Close $1093.18 Range $1054.20 - $1157.30

Q3 2017

Shares 256,912 Value ($000) $274,377 Avg Close $1034.02 Range $963.79 - $1086.68

Q2 2017

Shares 257,017 Value ($000) $250,813 Avg Close $970.65 Range $936.95 - $996.38

Q1 2017

Shares 254,322 Value ($000) $248,183 Avg Close $945.13 Range $887.40 - $992.00

Q4 2016

Shares 245,432 Value ($000) $221,993 Avg Close $891.63 Range $811.05 - $931.94

Q3 2016

Shares 228,221 Value ($000) $211,965 Avg Close $933.01 Range $909.84 - $961.78

Q2 2016

Shares 225,578 Value ($000) $214,926 Avg Close $931.24 Range $880.01 - $989.18

Q1 2016

Shares 223,989 Value ($000) $199,702 Avg Close $859.54 Range $805.03 - $895.03

Q4 2015

Shares 223,987 Value ($000) $197,859 Avg Close $870.15 Range $791.97 - $937.91

Q3 2015

Shares 223,203 Value ($000) $178,978 Avg Close $846.01 Range $775.00 - $898.08

Q2 2015

Shares 206,240 Value ($000) $165,132 Avg Close $777.66 Range $736.96 - $821.00

Q1 2015

Shares 203,450 Value ($000) $156,445 Avg Close $722.91 Range $660.05 - $783.50

Q4 2014

Shares 203,239 Value ($000) $138,780 Avg Close $678.17 Range $632.65 - $707.36

Q3 2014

Shares 203,121 Value ($000) $129,215 Avg Close $645.09 Range $623.90 - $666.00

Q2 2014

Shares 202,941 Value ($000) $133,056 Avg Close $630.07 Range $593.76 - $655.75

Q1 2014

Shares 202,643 Value ($000) $120,795 Avg Close $569.59 Range $527.17 - $596.87

Q4 2013

Shares 201,763 Value ($000) $117,094 Avg Close $542.65 Range $511.06 - $582.59

Q3 2013

Shares 185,409 Value ($000) $95,999 Avg Close $525.40 Range $506.64 - $549.09

Q2 2013

Shares 137,274 Value ($000) $72,337 Avg Close $523.59 Range $501.76 - $546.94

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	20,525	$44,122	$2025.92	$1812.24 - $2207.59
Q3 2025	20,547	$39,273	$1960.42	$1889.91 - $2075.92
Q2 2025	21,826	$43,594	$1875.20	$1621.89 - $2004.24
Q1 2025	24,408	$45,633	$1839.75	$1641.51 - $2063.68
Q4 2024	32,856	$56,717	$1659.34	$1521.25 - $1809.11
Q3 2024	33,110	$51,936	$1565.15	$1491.03 - $1660.74
Q2 2024	35,645	$56,164	$1552.86	$1417.65 - $1670.24
Q1 2024	41,551	$63,219	$1466.28	$1342.66 - $1534.62
Q4 2023	42,797	$60,767	$1418.73	$1295.65 - $1528.08
Q3 2023	46,233	$68,078	$1463.82	$1345.00 - $1560.00
Q2 2023	51,782	$71,624	$1340.97	$1272.43 - $1400.00
Q1 2023	56,458	$72,120	$1328.48	$1186.56 - $1458.56
Q4 2022	59,830	$78,825	$1237.05	$1085.09 - $1356.37
Q3 2022	87,399	$94,760	$1220.12	$1064.09 - $1335.10
Q2 2022	92,017	$119,001	$1372.21	$1251.77 - $1519.25
Q1 2022	102,001	$150,476	$1291.81	$1180.00 - $1513.00
Q4 2021	107,568	$132,739	$1261.86	$1179.00 - $1343.56
Q3 2021	111,127	$132,811	$1232.92	$1175.35 - $1288.00
Q2 2021	111,518	$132,340	$1198.75	$1138.00 - $1268.96
Q1 2021	113,065	$128,851	$1078.65	$942.44 - $1169.50
Q4 2020	125,047	$129,211	$996.82	$913.04 - $1073.43
Q3 2020	134,096	$130,569	$1015.77	$881.00 - $1124.00
Q2 2020	143,491	$132,467	$908.95	$761.06 - $1049.56
Q1 2020	154,931	$143,759	$1143.50	$710.52 - $1347.64
Q4 2019	166,458	$190,290	$1138.97	$1100.00 - $1216.47
Q3 2019	177,901	$210,261	$1136.16	$1065.01 - $1204.45
Q2 2019	187,728	$204,548	$1047.93	$970.42 - $1099.00
Q1 2019	196,877	$196,137	$1015.52	$950.16 - $1081.00
Q4 2018	206,307	$214,157	$1093.58	$954.39 - $1203.43
Q3 2018	215,914	$256,612	$1176.81	$1078.02 - $1228.32
Q2 2018	247,734	$268,630	$1129.38	$1083.92 - $1180.00
Q1 2018	257,336	$301,147	$1125.56	$1049.95 - $1194.98
Q4 2017	255,513	$291,063	$1093.18	$1054.20 - $1157.30
Q3 2017	256,912	$274,377	$1034.02	$963.79 - $1086.68
Q2 2017	257,017	$250,813	$970.65	$936.95 - $996.38
Q1 2017	254,322	$248,183	$945.13	$887.40 - $992.00
Q4 2016	245,432	$221,993	$891.63	$811.05 - $931.94
Q3 2016	228,221	$211,965	$933.01	$909.84 - $961.78
Q2 2016	225,578	$214,926	$931.24	$880.01 - $989.18
Q1 2016	223,989	$199,702	$859.54	$805.03 - $895.03
Q4 2015	223,987	$197,859	$870.15	$791.97 - $937.91
Q3 2015	223,203	$178,978	$846.01	$775.00 - $898.08
Q2 2015	206,240	$165,132	$777.66	$736.96 - $821.00
Q1 2015	203,450	$156,445	$722.91	$660.05 - $783.50
Q4 2014	203,239	$138,780	$678.17	$632.65 - $707.36
Q3 2014	203,121	$129,215	$645.09	$623.90 - $666.00
Q2 2014	202,941	$133,056	$630.07	$593.76 - $655.75
Q1 2014	202,643	$120,795	$569.59	$527.17 - $596.87
Q4 2013	201,763	$117,094	$542.65	$511.06 - $582.59
Q3 2013	185,409	$95,999	$525.40	$506.64 - $549.09
Q2 2013	137,274	$72,337	$523.59	$501.76 - $546.94