AMERICAN AIRLS GROUP INC

Ticker: AAL CUSIP: 02376R102 Class: COM

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

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

Q4 2025

Shares 156,000 Value ($000) $2,391 Avg Close $13.49 Range $11.16 - $16.35

Q3 2025

Shares 157,100 Value ($000) $1,766 Avg Close $12.32 Range $10.90 - $14.01

Q2 2025

Shares 158,600 Value ($000) $1,779 Avg Close $10.71 Range $8.50 - $12.45

Q1 2025

Shares 157,400 Value ($000) $1,661 Avg Close $15.06 Range $10.06 - $19.10

Q4 2024

Shares 155,600 Value ($000) $2,712 Avg Close $14.38 Range $10.57 - $18.20

Q3 2024

Shares 155,900 Value ($000) $1,752 Avg Close $10.58 Range $9.07 - $11.98

Q2 2024

Shares 179,705 Value ($000) $2,036 Avg Close $13.14 Range $10.96 - $15.61

Q1 2024

Shares 179,305 Value ($000) $2,752 Avg Close $14.51 Range $12.78 - $16.15

Q4 2023

Shares 178,905 Value ($000) $2,458 Avg Close $12.56 Range $10.86 - $14.67

Q3 2023

Shares 179,105 Value ($000) $2,294 Avg Close $15.52 Range $12.50 - $19.08

Q2 2023

Shares 179,505 Value ($000) $3,220 Avg Close $14.66 Range $12.65 - $17.99

Q1 2023

Shares 178,705 Value ($000) $2,636 Avg Close $15.59 Range $12.53 - $17.64

Q4 2022

Shares 176,605 Value ($000) $2,246 Avg Close $13.56 Range $11.65 - $15.18

Q3 2022

Shares 175,905 Value ($000) $2,118 Avg Close $13.94 Range $11.85 - $15.71

Q2 2022

Shares 174,205 Value ($000) $2,209 Avg Close $16.65 Range $11.93 - $21.42

Q1 2022

Shares 163,505 Value ($000) $2,984 Avg Close $17.00 Range $12.44 - $19.76

Q4 2021

Shares 163,004 Value ($000) $2,928 Avg Close $19.18 Range $16.15 - $22.35

Q3 2021

Shares 162,604 Value ($000) $3,337 Avg Close $20.27 Range $18.28 - $22.19

Q2 2021

Shares 161,204 Value ($000) $3,419 Avg Close $22.62 Range $19.64 - $26.04

Q1 2021

Shares 160,504 Value ($000) $3,836 Avg Close $19.29 Range $14.71 - $26.09

Q4 2020

Shares 142,704 Value ($000) $2,250 Avg Close $13.86 Range $10.63 - $18.63

Q3 2020

Shares 126,952 Value ($000) $1,560 Avg Close $12.53 Range $10.71 - $15.10

Q2 2020

Shares 126,952 Value ($000) $1,659 Avg Close $12.13 Range $8.25 - $22.80

Q1 2020

Shares 89,356 Value ($000) $1,089 Avg Close $22.75 Range $10.01 - $30.78

Q4 2019

Shares 94,256 Value ($000) $2,703 Avg Close $28.37 Range $24.34 - $31.46

Q3 2019

Shares 95,256 Value ($000) $2,569 Avg Close $29.02 Range $24.06 - $34.63

Q2 2019

Shares 94,756 Value ($000) $3,090 Avg Close $31.92 Range $26.74 - $34.77

Q1 2019

Shares 115,156 Value ($000) $3,657 Avg Close $33.11 Range $28.35 - $36.74

Q4 2018

Shares 117,356 Value ($000) $3,768 Avg Close $34.21 Range $29.12 - $40.97

Q3 2018

Shares 122,156 Value ($000) $5,049 Avg Close $38.31 Range $34.89 - $43.07

Q2 2018

Shares 123,356 Value ($000) $4,683 Avg Close $43.10 Range $36.28 - $51.83

Q1 2018

Shares 123,956 Value ($000) $6,441 Avg Close $52.27 Range $45.24 - $57.58

Q4 2017

Shares 124,856 Value ($000) $6,496 Avg Close $48.51 Range $44.11 - $52.26

Q3 2017

Shares 131,556 Value ($000) $6,248 Avg Close $47.00 Range $41.44 - $52.88

Q2 2017

Shares 161,856 Value ($000) $8,145 Avg Close $45.08 Range $39.53 - $50.42

Q1 2017

Shares 165,556 Value ($000) $7,003 Avg Close $43.78 Range $37.97 - $48.32

Q4 2016

Shares 169,456 Value ($000) $7,912 Avg Close $42.05 Range $35.02 - $48.94

Q3 2016

Shares 184,900 Value ($000) $6,769 Avg Close $34.02 Range $26.06 - $38.09

Q2 2016

Shares 200,900 Value ($000) $5,687 Avg Close $32.44 Range $23.88 - $40.02

Q1 2016

Shares 207,600 Value ($000) $8,514 Avg Close $38.53 Range $33.31 - $41.95

Q4 2015

Shares 215,600 Value ($000) $9,131 Avg Close $41.38 Range $35.68 - $45.00

Q3 2015

Shares 243,000 Value ($000) $9,436 Avg Close $39.12 Range $32.52 - $42.52

Q2 2015

Shares 268,700 Value ($000) $10,731 Avg Close $43.35 Range $36.58 - $50.77

Q1 2015

Shares 276,700 Value ($000) $14,604 Avg Close $48.17 Range $43.63 - $53.25

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	156,000	$2,391	$13.49	$11.16 - $16.35
Q3 2025	157,100	$1,766	$12.32	$10.90 - $14.01
Q2 2025	158,600	$1,779	$10.71	$8.50 - $12.45
Q1 2025	157,400	$1,661	$15.06	$10.06 - $19.10
Q4 2024	155,600	$2,712	$14.38	$10.57 - $18.20
Q3 2024	155,900	$1,752	$10.58	$9.07 - $11.98
Q2 2024	179,705	$2,036	$13.14	$10.96 - $15.61
Q1 2024	179,305	$2,752	$14.51	$12.78 - $16.15
Q4 2023	178,905	$2,458	$12.56	$10.86 - $14.67
Q3 2023	179,105	$2,294	$15.52	$12.50 - $19.08
Q2 2023	179,505	$3,220	$14.66	$12.65 - $17.99
Q1 2023	178,705	$2,636	$15.59	$12.53 - $17.64
Q4 2022	176,605	$2,246	$13.56	$11.65 - $15.18
Q3 2022	175,905	$2,118	$13.94	$11.85 - $15.71
Q2 2022	174,205	$2,209	$16.65	$11.93 - $21.42
Q1 2022	163,505	$2,984	$17.00	$12.44 - $19.76
Q4 2021	163,004	$2,928	$19.18	$16.15 - $22.35
Q3 2021	162,604	$3,337	$20.27	$18.28 - $22.19
Q2 2021	161,204	$3,419	$22.62	$19.64 - $26.04
Q1 2021	160,504	$3,836	$19.29	$14.71 - $26.09
Q4 2020	142,704	$2,250	$13.86	$10.63 - $18.63
Q3 2020	126,952	$1,560	$12.53	$10.71 - $15.10
Q2 2020	126,952	$1,659	$12.13	$8.25 - $22.80
Q1 2020	89,356	$1,089	$22.75	$10.01 - $30.78
Q4 2019	94,256	$2,703	$28.37	$24.34 - $31.46
Q3 2019	95,256	$2,569	$29.02	$24.06 - $34.63
Q2 2019	94,756	$3,090	$31.92	$26.74 - $34.77
Q1 2019	115,156	$3,657	$33.11	$28.35 - $36.74
Q4 2018	117,356	$3,768	$34.21	$29.12 - $40.97
Q3 2018	122,156	$5,049	$38.31	$34.89 - $43.07
Q2 2018	123,356	$4,683	$43.10	$36.28 - $51.83
Q1 2018	123,956	$6,441	$52.27	$45.24 - $57.58
Q4 2017	124,856	$6,496	$48.51	$44.11 - $52.26
Q3 2017	131,556	$6,248	$47.00	$41.44 - $52.88
Q2 2017	161,856	$8,145	$45.08	$39.53 - $50.42
Q1 2017	165,556	$7,003	$43.78	$37.97 - $48.32
Q4 2016	169,456	$7,912	$42.05	$35.02 - $48.94
Q3 2016	184,900	$6,769	$34.02	$26.06 - $38.09
Q2 2016	200,900	$5,687	$32.44	$23.88 - $40.02
Q1 2016	207,600	$8,514	$38.53	$33.31 - $41.95
Q4 2015	215,600	$9,131	$41.38	$35.68 - $45.00
Q3 2015	243,000	$9,436	$39.12	$32.52 - $42.52
Q2 2015	268,700	$10,731	$43.35	$36.58 - $50.77
Q1 2015	276,700	$14,604	$48.17	$43.63 - $53.25