Markel Group’s Shopify SHOP Stock Holding History

Markel Group’s Portfolio SHOP Stock Details SHOP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$12.2M	Hold	102,750	–	–	0.1%	103
2025 Q4	$16.5M	Hold	102,750	–	–	0.13%	88
2025 Q3	$15.3M	Hold	102,750	–	–	0.12%	91
2025 Q2	$11.9M	Hold	102,750	–	–	0.1%	98
2025 Q1	$9.81M	Hold	102,750	–	–	0.09%	107
2024 Q4	$10.9M	Hold	102,750	–	–	0.1%	105
2024 Q3	$8.23M	Hold	102,750	–	–	0.07%	112
2024 Q2	$6.79M	Hold	102,750	–	–	0.07%	112
2024 Q1	$7.93M	Hold	102,750	–	–	0.08%	106
2023 Q4	$8M	Hold	102,750	–	–	0.09%	100
2023 Q3	$5.61M	Hold	102,750	–	–	0.07%	106
2023 Q2	$6.64M	Hold	102,750	–	–	0.08%	107
2023 Q1	$4.93M	Hold	102,750	–	–	0.06%	106
2022 Q4	$3.57M	Buy	102,750 +10,000	+11%	+$341K	0.05%	109
2022 Q3	$2.5M	Buy	92,750 +30,250	+48%	+$1.03M	0.04%	111
2022 Q2	$1.95M	Buy	62,500 +35,000	+127%	+$1.49M	0.03%	116
2022 Q1	$1.86M	Buy	+27,500	New	+$2.26M	0.02%	112

Other funds holding SHOP

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

VCM

Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

Baillie Gifford & Co Edinburgh, United Kingdom $97.9B AUM 20.73% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

Markel Group's SHOP Position: Q1 2026 in Review

Markel Group held its Shopify (SHOP) position steady in Q1 2026 at 102,750 shares worth $12.2M. The position accounts for 0.1% of the portfolio, ranked #103.

Markel Group first reported a position in SHOP in Q1 2022 and has held it in 17 quarters since. The position peaked at $16.5M in Q4 2025. 1,725 funds tracked by Wall St. Rank hold SHOP as of Q1 2026.

Markel Group held 102,750 shares of Shopify worth $12.2M as of Q1 2026.
Markel Group left its Shopify share count unchanged in Q1 2026.
Shopify made up 0.1% of Markel Group's portfolio in Q1 2026, its #103 holding.
Markel Group first reported a position in Shopify in Q1 2022 and has held it in 17 quarters since.
Markel Group's Shopify position peaked at $16.5M in Q4 2025.
1,725 funds tracked by Wall St. Rank held Shopify as of Q1 2026.

Based on Markel Group's 13F filing for Q1 2026, filed 1 May 2026.