MARKEL CORP

Ticker: MKL CUSIP: 570535104 Class: COMMON STOCK

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

New Positions (87)

Increased Positions (228)

Madison Avenue Partners, LP
Value ($000) $188,931 (+17.2%) Shares 87,889 (+4.2%)
Select Equity Group, L.P.
Value ($000) $919,797 (+25.7%) Shares 427,882 (+11.8%)
VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.
Value ($000) $440,379 (+27.1%) Shares 204,861 (+13.0%)
GREENLEA LANE CAPITAL MANAGEMENT, LLC
Value ($000) $49,238 (+14.7%) Shares 22,905 (+2.0%)
Davis Selected Advisers
Value ($000) $892,496 (+25.0%) Shares 415,160 (+11.1%)
STEGINSKY CAPITAL LLC
Value ($000) $88 (+15.0%) Shares 40,990 (+2.2%)
Lafayette Investments, Inc.
Value ($000) $43,838 (+13.7%) Shares 20,393 (+1.1%)
Mraz, Amerine & Associates, Inc.
Value ($000) $40,710 (+14.0%) Shares 18,938 (+1.4%)
Solidarity Wealth, LLC
Value ($000) $13,206 (+18.0%) Shares 6,143 (+4.9%)
Evergreen Wealth Management, LLC
Value ($000) $7,773 (+14.7%) Shares 3,616 (+2.0%)
Ervin Investment Management, LLC
Value ($000) $5,568 (+14.9%) Shares 2,590 (+2.1%)
DAVENPORT & Co LLC
Value ($000) $452,365 (+15.6%) Shares 209,999 (+2.4%)
STANSBERRY ASSET MANAGEMENT, LLC
Value ($000) $26,860 (+13.9%) Shares 12,495 (+1.2%)
Hunting Hill Global Capital, LLC
Value ($000) $1,058 (+176.7%) Shares 492 (+146.0%)
VIRGINIA WEALTH MANAGEMENT GROUP, INC.
Value ($000) $3,461 (+14.7%) Shares 1,610 (+2.0%)
BAXTER BROS INC
Value ($000) $5,454 (+62.3%) Shares 2,537 (+44.3%)
Canandaigua National Trust Co of Florida
Value ($000) $630 (+189.1%) Shares 293 (+157.0%)
Davidson Kahn Capital Management, LLC
Value ($000) $3,603 (+14.4%) Shares 1,676 (+1.7%)
COUNTRY TRUST BANK
Value ($000) $43,604 (+27.3%) Shares 20,284 (+13.2%)
CULBERTSON A N & CO INC
Value ($000) $6,475 (+23.1%) Shares 3,012 (+9.5%)

Decreased Positions (251)

JANA Partners Management, LP
Value ($000) $174,592 (-38.0%) Shares 81,219 (-44.9%)
TRAN CAPITAL MANAGEMENT, L.P.
Value ($000) $477 (-97.0%) Shares 222 (-97.3%)
Capco Asset Management, LLC
Value ($000) $56,093 (+10.5%) Shares 26,094 (-1.7%)
Bradyco, Inc.
Value ($000) $4,347 (+1.6%) Shares 2,022 (-9.7%)
SCHARF INVESTMENTS, LLC
Value ($000) $148,794 (+3.3%) Shares 69,203 (-8.2%)
SPRUCEGROVE INVESTMENT MANAGEMENT LTD
Value ($000) $8,207 (-60.6%) Shares 3,818 (-64.9%)
PYA Waltman Capital, LLC
Value ($000) $23,978 (+10.3%) Shares 11,154 (-2.0%)
Greenbrier Partners Capital Management, LLC
Value ($000) $57 (-99.9%) Shares 26,578 (-3.1%)
Douglass Winthrop Advisors, LLC
Value ($000) $176,138 (+9.4%) Shares 81,938 (-2.7%)
Regency Capital Management Inc.\DE
Value ($000) $14,459 (+10.8%) Shares 6,726 (-1.5%)
Board of the Pension Protection Fund
Value ($000) $43 (-95.2%) Shares 20 (-95.7%)
Riverview Capital Advisers, LLC
Value ($000) $8,977 (+8.3%) Shares 4,176 (-3.7%)
Tsai Capital Corp
Value ($000) $7,567 (+11.0%) Shares 3,520 (-1.3%)
Marathon Asset Management Ltd
Value ($000) $49,412 (+3.9%) Shares 22,986 (-7.6%)
Annandale Capital, LLC
Value ($000) $3 (-94.5%) Shares 1,610 (-50.9%)
Redmond Asset Management, LLC
Value ($000) $9,693 (+10.7%) Shares 4,509 (-1.6%)
ANCHOR CAPITAL ADVISORS LLC
Value ($000) $70,771 (+9.4%) Shares 32,922 (-2.7%)
DF DENT & CO INC
Value ($000) $73,806 (-2.8%) Shares 34,334 (-13.5%)
FIRST NATIONAL BANK OF OMAHA
Value ($000) $13,549 (-10.1%) Shares 6,303 (-20.1%)
Values Added Financial LLC
Value ($000) $2,911 (+0.4%) Shares 1,354 (-10.7%)

Exited Positions (47)