MARKEL CORP

Ticker: MKL CUSIP: 570535104 Class: COMMON STOCK

Rakuten Investment Management, Inc.'s Holding History (CIK: 0002062680)

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

Q4 2025

Shares 536 Value ($000) $1,175 Avg Close $2025.92 Range $1812.24 - $2207.59

Q3 2025

Shares 24,453 Value ($000) $12,030 Avg Close $1960.42 Range $1889.91 - $2075.92

Q1 2025

Shares 355 Value ($000) $659 Avg Close $1839.75 Range $1641.51 - $2063.68

Q3 2024

Shares 238 Value ($000) $373 Avg Close $1565.15 Range $1491.03 - $1660.74

Q2 2024

Shares 180 Value ($000) $284 Avg Close $1552.86 Range $1417.65 - $1670.24

Q1 2024

Shares 114 Value ($000) $173 Avg Close $1466.28 Range $1342.66 - $1534.62

Q4 2023

Shares 9 Value ($000) $13 Avg Close $1418.73 Range $1295.65 - $1528.08

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	536	$1,175	$2025.92	$1812.24 - $2207.59
Q3 2025	24,453	$12,030	$1960.42	$1889.91 - $2075.92
Q1 2025	355	$659	$1839.75	$1641.51 - $2063.68
Q3 2024	238	$373	$1565.15	$1491.03 - $1660.74
Q2 2024	180	$284	$1552.86	$1417.65 - $1670.24
Q1 2024	114	$173	$1466.28	$1342.66 - $1534.62
Q4 2023	9	$13	$1418.73	$1295.65 - $1528.08