CMS ENERGY CORP

Ticker: CMS CUSIP: 125896100 Class: COM

MERCER GLOBAL ADVISORS INC /ADV's Holding History (CIK: 0000853758)

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

Q4 2025

Shares 27,287 Value ($000) $1,908 Avg Close $72.50 Range $68.82 - $75.54

Q3 2025

Shares 22,804 Value ($000) $1,671 Avg Close $71.07 Range $67.62 - $74.06

Q2 2025

Shares 17,816 Value ($000) $1,234 Avg Close $69.97 Range $66.64 - $74.76

Q1 2025

Shares 18,652 Value ($000) $1,401 Avg Close $68.05 Range $62.07 - $73.85

Q4 2024

Shares 20,544 Value ($000) $1,369 Avg Close $66.51 Range $62.68 - $69.72

Q3 2024

Shares 22,981 Value ($000) $1,633 Avg Close $63.02 Range $55.90 - $68.39

Q2 2024

Shares 23,296 Value ($000) $1,387 Avg Close $57.61 Range $53.65 - $60.67

Q1 2024

Shares 20,639 Value ($000) $1 Avg Close $54.70 Range $52.14 - $57.68

Q4 2023

Shares 17,606 Value ($000) $1 Avg Close $52.28 Range $46.41 - $56.68

Q3 2023

Shares 16,691 Value ($000) $1 Avg Close $53.74 Range $48.93 - $58.86

Q2 2023

Shares 22,113 Value ($000) $1 Avg Close $55.52 Range $51.90 - $57.72

Q1 2023

Shares 22,247 Value ($000) $1 Avg Close $56.09 Range $52.20 - $59.70

Q4 2022

Shares 18,853 Value ($000) $1 Avg Close $53.55 Range $47.22 - $59.39

Q3 2022

Shares 17,131 Value ($000) $998 Avg Close $60.46 Range $52.29 - $64.14

Q2 2022

Shares 19,630 Value ($000) $1,325 Avg Close $61.65 Range $54.04 - $65.58

Q1 2022

Shares 18,162 Value ($000) $1,270 Avg Close $57.49 Range $54.01 - $62.78

Q4 2021

Shares 16,203 Value ($000) $1,054 Avg Close $54.05 Range $51.79 - $57.95

Q3 2021

Shares 15,428 Value ($000) $922 Avg Close $54.55 Range $51.03 - $57.50

Q2 2021

Shares 14,583 Value ($000) $862 Avg Close $53.98 Range $50.41 - $56.92

Q1 2021

Shares 11,373 Value ($000) $696 Avg Close $49.54 Range $45.98 - $53.78

Q4 2020

Shares 10,668 Value ($000) $651 Avg Close $53.48 Range $49.20 - $58.32

Q3 2020

Shares 9,563 Value ($000) $587 Avg Close $52.06 Range $48.83 - $54.86

Q2 2020

Shares 9,322 Value ($000) $545 Avg Close $48.86 Range $44.33 - $53.86

Q1 2020

Shares 10,408 Value ($000) $611 Avg Close $53.66 Range $38.69 - $58.14

Q4 2019

Shares 13,598 Value ($000) $854 Avg Close $51.97 Range $49.57 - $54.00

Q3 2019

Shares 16,559 Value ($000) $1,058 Avg Close $50.31 Range $47.08 - $54.24

Q2 2019

Shares 18,227 Value ($000) $1,056 Avg Close $46.19 Range $43.87 - $48.96

Q1 2019

Shares 16,305 Value ($000) $906 Avg Close $43.09 Range $39.01 - $46.12

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	27,287	$1,908	$72.50	$68.82 - $75.54
Q3 2025	22,804	$1,671	$71.07	$67.62 - $74.06
Q2 2025	17,816	$1,234	$69.97	$66.64 - $74.76
Q1 2025	18,652	$1,401	$68.05	$62.07 - $73.85
Q4 2024	20,544	$1,369	$66.51	$62.68 - $69.72
Q3 2024	22,981	$1,633	$63.02	$55.90 - $68.39
Q2 2024	23,296	$1,387	$57.61	$53.65 - $60.67
Q1 2024	20,639	$1	$54.70	$52.14 - $57.68
Q4 2023	17,606	$1	$52.28	$46.41 - $56.68
Q3 2023	16,691	$1	$53.74	$48.93 - $58.86
Q2 2023	22,113	$1	$55.52	$51.90 - $57.72
Q1 2023	22,247	$1	$56.09	$52.20 - $59.70
Q4 2022	18,853	$1	$53.55	$47.22 - $59.39
Q3 2022	17,131	$998	$60.46	$52.29 - $64.14
Q2 2022	19,630	$1,325	$61.65	$54.04 - $65.58
Q1 2022	18,162	$1,270	$57.49	$54.01 - $62.78
Q4 2021	16,203	$1,054	$54.05	$51.79 - $57.95
Q3 2021	15,428	$922	$54.55	$51.03 - $57.50
Q2 2021	14,583	$862	$53.98	$50.41 - $56.92
Q1 2021	11,373	$696	$49.54	$45.98 - $53.78
Q4 2020	10,668	$651	$53.48	$49.20 - $58.32
Q3 2020	9,563	$587	$52.06	$48.83 - $54.86
Q2 2020	9,322	$545	$48.86	$44.33 - $53.86
Q1 2020	10,408	$611	$53.66	$38.69 - $58.14
Q4 2019	13,598	$854	$51.97	$49.57 - $54.00
Q3 2019	16,559	$1,058	$50.31	$47.08 - $54.24
Q2 2019	18,227	$1,056	$46.19	$43.87 - $48.96
Q1 2019	16,305	$906	$43.09	$39.01 - $46.12