BIO-TECHNE CORP

Ticker: TECH CUSIP: 09073M104 Class: EQTY

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

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

Q4 2025

Shares 40,744 Value ($000) $2,396 Avg Close $60.72 Range $54.13 - $66.87

Q3 2025

Shares 42,444 Value ($000) $2,361 Avg Close $53.45 Range $47.52 - $59.89

Q2 2025

Shares 42,644 Value ($000) $2,194 Avg Close $50.06 Range $45.80 - $58.49

Q1 2025

Shares 42,844 Value ($000) $2,512 Avg Close $67.42 Range $56.35 - $78.83

Q4 2024

Shares 43,144 Value ($000) $3,108 Avg Close $72.98 Range $65.24 - $80.26

Q3 2024

Shares 42,944 Value ($000) $3,433 Avg Close $74.60 Range $69.60 - $82.97

Q2 2024

Shares 43,144 Value ($000) $3,091 Avg Close $72.99 Range $60.62 - $84.91

Q1 2024

Shares 43,044 Value ($000) $3,030 Avg Close $70.89 Range $64.33 - $78.06

Q4 2023

Shares 43,344 Value ($000) $3,344 Avg Close $65.18 Range $51.21 - $77.96

Q3 2023

Shares 43,144 Value ($000) $2,937 Avg Close $78.07 Range $65.84 - $88.81

Q2 2023

Shares 43,244 Value ($000) $3,530 Avg Close $79.36 Range $71.21 - $86.05

Q1 2023

Shares 43,144 Value ($000) $3,201 Avg Close $76.02 Range $68.89 - $87.58

Q4 2022

Shares 42,644 Value ($000) $3,534 Avg Close $78.25 Range $66.97 - $89.34

Q3 2022

Shares 10,611 Value ($000) $3,014 Avg Close $85.06 Range $69.28 - $97.74

Q2 2022

Shares 10,611 Value ($000) $3,678 Avg Close $92.17 Range $78.24 - $111.87

Q1 2022

Shares 9,911 Value ($000) $4,292 Avg Close $101.38 Range $85.43 - $127.46

Q4 2021

Shares 9,900 Value ($000) $5,122 Avg Close $120.38 Range $110.44 - $130.51

Q3 2021

Shares 9,800 Value ($000) $4,749 Avg Close $119.43 Range $107.71 - $133.47

Q2 2021

Shares 9,819 Value ($000) $4,421 Avg Close $103.21 Range $93.63 - $111.29

Q1 2021

Shares 14,419 Value ($000) $5,507 Avg Close $89.39 Range $76.05 - $101.69

Q4 2020

Shares 14,019 Value ($000) $4,452 Avg Close $70.89 Range $60.13 - $79.93

Q3 2020

Shares 14,019 Value ($000) $3,473 Avg Close $63.60 Range $55.93 - $70.03

Q2 2020

Shares 13,919 Value ($000) $3,676 Avg Close $58.49 Range $43.96 - $69.01

Q1 2020

Shares 10,600 Value ($000) $2,010 Avg Close $48.78 Range $37.86 - $54.39

Q4 2019

Shares 11,200 Value ($000) $2,459 Avg Close $51.09 Range $45.54 - $54.39

Q3 2019

Shares 11,000 Value ($000) $2,152 Avg Close $48.74 Range $43.36 - $52.73

Q2 2019

Shares 11,200 Value ($000) $2,335 Avg Close $48.91 Range $43.73 - $52.56

Q1 2019

Shares 13,500 Value ($000) $2,680 Avg Close $43.61 Range $32.57 - $48.83

Q4 2018

Shares 13,500 Value ($000) $1,954 Avg Close $40.40 Range $32.13 - $49.71

Q3 2018

Shares 14,000 Value ($000) $2,858 Avg Close $42.77 Range $35.26 - $49.78

Q2 2018

Shares 13,800 Value ($000) $2,042 Avg Close $36.80 Range $34.33 - $40.23

Q1 2018

Shares 13,700 Value ($000) $2,069 Avg Close $33.97 Range $30.75 - $36.55

Q4 2017

Shares 13,500 Value ($000) $1,749 Avg Close $30.48 Range $28.89 - $32.75

Q3 2017

Shares 14,000 Value ($000) $1,692 Avg Close $28.39 Range $26.83 - $29.70

Q2 2017

Shares 15,400 Value ($000) $1,810 Avg Close $26.08 Range $23.39 - $28.66

Q1 2017

Shares 15,200 Value ($000) $1,545 Avg Close $24.55 Range $22.72 - $25.86

Q4 2016

Shares 15,000 Value ($000) $1,542 Avg Close $24.92 Range $23.41 - $26.55

Q3 2016

Shares 15,000 Value ($000) $1,643 Avg Close $25.95 Range $24.60 - $27.71

Q2 2016

Shares 14,900 Value ($000) $1,680 Avg Close $24.23 Range $21.51 - $27.04

Q1 2016

Shares 14,800 Value ($000) $1,399 Avg Close $20.69 Range $18.73 - $22.78

Q4 2015

Shares 14,700 Value ($000) $1,323 Avg Close $21.34 Range $19.59 - $22.60

Q3 2015

Shares 16,900 Value ($000) $1,563 Avg Close $23.38 Range $20.43 - $26.67

Q2 2015

Shares 16,900 Value ($000) $1,664 Avg Close $23.21 Range $22.13 - $24.11

Q1 2015

Shares 16,800 Value ($000) $1,685 Avg Close $22.03 Range $20.17 - $23.57

Q4 2014

Shares 17,600 Value ($000) $1,626 Avg Close $21.13 Range $19.82 - $22.17

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	40,744	$2,396	$60.72	$54.13 - $66.87
Q3 2025	42,444	$2,361	$53.45	$47.52 - $59.89
Q2 2025	42,644	$2,194	$50.06	$45.80 - $58.49
Q1 2025	42,844	$2,512	$67.42	$56.35 - $78.83
Q4 2024	43,144	$3,108	$72.98	$65.24 - $80.26
Q3 2024	42,944	$3,433	$74.60	$69.60 - $82.97
Q2 2024	43,144	$3,091	$72.99	$60.62 - $84.91
Q1 2024	43,044	$3,030	$70.89	$64.33 - $78.06
Q4 2023	43,344	$3,344	$65.18	$51.21 - $77.96
Q3 2023	43,144	$2,937	$78.07	$65.84 - $88.81
Q2 2023	43,244	$3,530	$79.36	$71.21 - $86.05
Q1 2023	43,144	$3,201	$76.02	$68.89 - $87.58
Q4 2022	42,644	$3,534	$78.25	$66.97 - $89.34
Q3 2022	10,611	$3,014	$85.06	$69.28 - $97.74
Q2 2022	10,611	$3,678	$92.17	$78.24 - $111.87
Q1 2022	9,911	$4,292	$101.38	$85.43 - $127.46
Q4 2021	9,900	$5,122	$120.38	$110.44 - $130.51
Q3 2021	9,800	$4,749	$119.43	$107.71 - $133.47
Q2 2021	9,819	$4,421	$103.21	$93.63 - $111.29
Q1 2021	14,419	$5,507	$89.39	$76.05 - $101.69
Q4 2020	14,019	$4,452	$70.89	$60.13 - $79.93
Q3 2020	14,019	$3,473	$63.60	$55.93 - $70.03
Q2 2020	13,919	$3,676	$58.49	$43.96 - $69.01
Q1 2020	10,600	$2,010	$48.78	$37.86 - $54.39
Q4 2019	11,200	$2,459	$51.09	$45.54 - $54.39
Q3 2019	11,000	$2,152	$48.74	$43.36 - $52.73
Q2 2019	11,200	$2,335	$48.91	$43.73 - $52.56
Q1 2019	13,500	$2,680	$43.61	$32.57 - $48.83
Q4 2018	13,500	$1,954	$40.40	$32.13 - $49.71
Q3 2018	14,000	$2,858	$42.77	$35.26 - $49.78
Q2 2018	13,800	$2,042	$36.80	$34.33 - $40.23
Q1 2018	13,700	$2,069	$33.97	$30.75 - $36.55
Q4 2017	13,500	$1,749	$30.48	$28.89 - $32.75
Q3 2017	14,000	$1,692	$28.39	$26.83 - $29.70
Q2 2017	15,400	$1,810	$26.08	$23.39 - $28.66
Q1 2017	15,200	$1,545	$24.55	$22.72 - $25.86
Q4 2016	15,000	$1,542	$24.92	$23.41 - $26.55
Q3 2016	15,000	$1,643	$25.95	$24.60 - $27.71
Q2 2016	14,900	$1,680	$24.23	$21.51 - $27.04
Q1 2016	14,800	$1,399	$20.69	$18.73 - $22.78
Q4 2015	14,700	$1,323	$21.34	$19.59 - $22.60
Q3 2015	16,900	$1,563	$23.38	$20.43 - $26.67
Q2 2015	16,900	$1,664	$23.21	$22.13 - $24.11
Q1 2015	16,800	$1,685	$22.03	$20.17 - $23.57
Q4 2014	17,600	$1,626	$21.13	$19.82 - $22.17