CBRE GROUP INC

Ticker: CBRE CUSIP: 12504L109 Class: EQTY

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

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

Q4 2025

Shares 80,638 Value ($000) $12,966 Avg Close $157.23 Range $146.68 - $171.00

Q3 2025

Shares 83,738 Value ($000) $13,194 Avg Close $154.70 Range $135.44 - $167.56

Q2 2025

Shares 84,338 Value ($000) $11,817 Avg Close $126.46 Range $108.45 - $140.59

Q1 2025

Shares 87,338 Value ($000) $11,422 Avg Close $135.89 Range $120.26 - $147.75

Q4 2024

Shares 88,838 Value ($000) $11,664 Avg Close $130.93 Range $118.24 - $142.00

Q3 2024

Shares 88,638 Value ($000) $11,034 Avg Close $109.03 Range $85.74 - $124.84

Q2 2024

Shares 89,138 Value ($000) $7,943 Avg Close $88.72 Range $84.24 - $97.35

Q1 2024

Shares 102,260 Value ($000) $9,944 Avg Close $89.80 Range $82.75 - $98.65

Q4 2023

Shares 104,260 Value ($000) $9,706 Avg Close $77.74 Range $64.63 - $94.27

Q3 2023

Shares 109,060 Value ($000) $8,055 Avg Close $82.92 Range $72.12 - $89.23

Q2 2023

Shares 114,360 Value ($000) $9,230 Avg Close $74.87 Range $68.90 - $81.51

Q1 2023

Shares 122,160 Value ($000) $8,894 Avg Close $81.70 Range $66.43 - $89.58

Q4 2022

Shares 121,260 Value ($000) $9,332 Avg Close $73.85 Range $66.31 - $80.83

Q3 2022

Shares 119,960 Value ($000) $8,098 Avg Close $79.27 Range $66.74 - $87.96

Q2 2022

Shares 121,160 Value ($000) $8,919 Avg Close $80.50 Range $67.68 - $92.80

Q1 2022

Shares 118,460 Value ($000) $10,841 Avg Close $97.43 Range $84.62 - $111.00

Q4 2021

Shares 118,243 Value ($000) $12,831 Avg Close $102.47 Range $94.63 - $109.56

Q3 2021

Shares 100,457 Value ($000) $9,780 Avg Close $92.92 Range $79.84 - $99.73

Q2 2021

Shares 100,557 Value ($000) $8,621 Avg Close $85.36 Range $77.72 - $90.21

Q1 2021

Shares 100,857 Value ($000) $7,979 Avg Close $70.71 Range $58.74 - $82.05

Q4 2020

Shares 100,957 Value ($000) $6,332 Avg Close $56.51 Range $43.17 - $67.70

Q3 2020

Shares 915,057 Value ($000) $42,980 Avg Close $45.63 Range $41.03 - $51.03

Q2 2020

Shares 894,457 Value ($000) $40,447 Avg Close $43.13 Range $33.03 - $56.05

Q1 2020

Shares 76,732 Value ($000) $2,894 Avg Close $55.26 Range $29.17 - $64.75

Q4 2019

Shares 80,932 Value ($000) $4,960 Avg Close $55.39 Range $48.76 - $61.54

Q3 2019

Shares 971,832 Value ($000) $51,517 Avg Close $52.59 Range $49.00 - $56.47

Q2 2019

Shares 965,832 Value ($000) $49,547 Avg Close $49.70 Range $45.16 - $52.41

Q1 2019

Shares 981,032 Value ($000) $48,512 Avg Close $46.95 Range $37.85 - $51.46

Q4 2018

Shares 981,732 Value ($000) $39,309 Avg Close $41.36 Range $37.45 - $44.74

Q3 2018

Shares 669,532 Value ($000) $29,526 Avg Close $47.69 Range $43.56 - $50.43

Q2 2018

Shares 664,932 Value ($000) $31,744 Avg Close $47.29 Range $45.05 - $49.19

Q1 2018

Shares 739,432 Value ($000) $34,916 Avg Close $45.55 Range $39.60 - $48.39

Q4 2017

Shares 739,032 Value ($000) $32,007 Avg Close $41.45 Range $37.86 - $44.34

Q3 2017

Shares 741,732 Value ($000) $28,097 Avg Close $36.79 Range $34.38 - $38.99

Q2 2017

Shares 98,832 Value ($000) $3,597 Avg Close $34.78 Range $32.30 - $37.47

Q1 2017

Shares 98,732 Value ($000) $3,435 Avg Close $33.44 Range $29.69 - $36.74

Q4 2016

Shares 98,132 Value ($000) $3,090 Avg Close $28.95 Range $25.40 - $33.21

Q3 2016

Shares 104,260 Value ($000) $2,917 Avg Close $28.54 Range $24.11 - $30.39

Q2 2016

Shares 101,360 Value ($000) $2,684 Avg Close $29.25 Range $24.49 - $31.31

Q1 2016

Shares 100,160 Value ($000) $2,887 Avg Close $27.51 Range $22.74 - $34.46

Q4 2015

Shares 99,460 Value ($000) $3,439 Avg Close $35.25 Range $31.14 - $38.49

Q3 2015

Shares 104,460 Value ($000) $3,343 Avg Close $35.48 Range $30.85 - $38.76

Q2 2015

Shares 108,460 Value ($000) $4,013 Avg Close $37.97 Range $36.28 - $39.77

Q1 2015

Shares 107,960 Value ($000) $4,179 Avg Close $34.48 Range $31.75 - $38.99

Q4 2014

Shares 115,160 Value ($000) $3,944 Avg Close $31.99 Range $27.49 - $35.37

Q3 2014

Shares 114,360 Value ($000) $3,401 Avg Close $31.43 Range $29.51 - $33.77

Q2 2014

Shares 114,260 Value ($000) $3,661 Avg Close $28.88 Range $25.84 - $32.06

Q1 2014

Shares 113,860 Value ($000) $3,123 Avg Close $26.96 Range $25.47 - $28.44

Q4 2013

Shares 113,160 Value ($000) $2,976 Avg Close $23.79 Range $21.86 - $26.58

Q3 2013

Shares 112,760 Value ($000) $2,608 Avg Close $23.15 Range $21.24 - $24.50

Q2 2013

Shares 123,360 Value ($000) $2,882 Avg Close $23.79 Range $20.59 - $25.69

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	80,638	$12,966	$157.23	$146.68 - $171.00
Q3 2025	83,738	$13,194	$154.70	$135.44 - $167.56
Q2 2025	84,338	$11,817	$126.46	$108.45 - $140.59
Q1 2025	87,338	$11,422	$135.89	$120.26 - $147.75
Q4 2024	88,838	$11,664	$130.93	$118.24 - $142.00
Q3 2024	88,638	$11,034	$109.03	$85.74 - $124.84
Q2 2024	89,138	$7,943	$88.72	$84.24 - $97.35
Q1 2024	102,260	$9,944	$89.80	$82.75 - $98.65
Q4 2023	104,260	$9,706	$77.74	$64.63 - $94.27
Q3 2023	109,060	$8,055	$82.92	$72.12 - $89.23
Q2 2023	114,360	$9,230	$74.87	$68.90 - $81.51
Q1 2023	122,160	$8,894	$81.70	$66.43 - $89.58
Q4 2022	121,260	$9,332	$73.85	$66.31 - $80.83
Q3 2022	119,960	$8,098	$79.27	$66.74 - $87.96
Q2 2022	121,160	$8,919	$80.50	$67.68 - $92.80
Q1 2022	118,460	$10,841	$97.43	$84.62 - $111.00
Q4 2021	118,243	$12,831	$102.47	$94.63 - $109.56
Q3 2021	100,457	$9,780	$92.92	$79.84 - $99.73
Q2 2021	100,557	$8,621	$85.36	$77.72 - $90.21
Q1 2021	100,857	$7,979	$70.71	$58.74 - $82.05
Q4 2020	100,957	$6,332	$56.51	$43.17 - $67.70
Q3 2020	915,057	$42,980	$45.63	$41.03 - $51.03
Q2 2020	894,457	$40,447	$43.13	$33.03 - $56.05
Q1 2020	76,732	$2,894	$55.26	$29.17 - $64.75
Q4 2019	80,932	$4,960	$55.39	$48.76 - $61.54
Q3 2019	971,832	$51,517	$52.59	$49.00 - $56.47
Q2 2019	965,832	$49,547	$49.70	$45.16 - $52.41
Q1 2019	981,032	$48,512	$46.95	$37.85 - $51.46
Q4 2018	981,732	$39,309	$41.36	$37.45 - $44.74
Q3 2018	669,532	$29,526	$47.69	$43.56 - $50.43
Q2 2018	664,932	$31,744	$47.29	$45.05 - $49.19
Q1 2018	739,432	$34,916	$45.55	$39.60 - $48.39
Q4 2017	739,032	$32,007	$41.45	$37.86 - $44.34
Q3 2017	741,732	$28,097	$36.79	$34.38 - $38.99
Q2 2017	98,832	$3,597	$34.78	$32.30 - $37.47
Q1 2017	98,732	$3,435	$33.44	$29.69 - $36.74
Q4 2016	98,132	$3,090	$28.95	$25.40 - $33.21
Q3 2016	104,260	$2,917	$28.54	$24.11 - $30.39
Q2 2016	101,360	$2,684	$29.25	$24.49 - $31.31
Q1 2016	100,160	$2,887	$27.51	$22.74 - $34.46
Q4 2015	99,460	$3,439	$35.25	$31.14 - $38.49
Q3 2015	104,460	$3,343	$35.48	$30.85 - $38.76
Q2 2015	108,460	$4,013	$37.97	$36.28 - $39.77
Q1 2015	107,960	$4,179	$34.48	$31.75 - $38.99
Q4 2014	115,160	$3,944	$31.99	$27.49 - $35.37
Q3 2014	114,360	$3,401	$31.43	$29.51 - $33.77
Q2 2014	114,260	$3,661	$28.88	$25.84 - $32.06
Q1 2014	113,860	$3,123	$26.96	$25.47 - $28.44
Q4 2013	113,160	$2,976	$23.79	$21.86 - $26.58
Q3 2013	112,760	$2,608	$23.15	$21.24 - $24.50
Q2 2013	123,360	$2,882	$23.79	$20.59 - $25.69