Markel Group — FNV

How Markel Group's position in FRANCO-NEVADA CORP changed quarter by quarter. Change badges compare each quarter to the fund's immediately-prior filing.

Quarter	Shares	Value	% of portfolio	Change
Q1 2026	708,500	$175,034,926	1.47%	ADD
Q4 2025	683,500	$141,675,880	1.13%	NEW