CADENCE DESIGN SYSTEM INC

Ticker: CDNS CUSIP: 127387108 Class: Com

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

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

Q4 2025

Shares 76,123 Value ($000) $23,795 Avg Close $326.31 Range $295.18 - $357.53

Q3 2025

Shares 78,323 Value ($000) $27,512 Avg Close $344.03 Range $304.73 - $376.45

Q2 2025

Shares 78,823 Value ($000) $24,289 Avg Close $290.76 Range $221.56 - $323.39

Q1 2025

Shares 79,323 Value ($000) $20,174 Avg Close $278.09 Range $230.09 - $325.03

Q4 2024

Shares 79,323 Value ($000) $23,833 Avg Close $290.70 Range $246.60 - $326.19

Q3 2024

Shares 79,523 Value ($000) $21,553 Avg Close $276.46 Range $241.29 - $322.28

Q2 2024

Shares 79,423 Value ($000) $24,442 Avg Close $296.08 Range $270.39 - $328.99

Q1 2024

Shares 78,523 Value ($000) $24,443 Avg Close $295.79 Range $251.94 - $327.36

Q4 2023

Shares 78,523 Value ($000) $21,387 Avg Close $257.66 Range $227.77 - $279.33

Q3 2023

Shares 78,423 Value ($000) $18,375 Avg Close $234.06 Range $217.77 - $248.16

Q2 2023

Shares 79,923 Value ($000) $18,744 Avg Close $217.63 Range $194.01 - $242.65

Q1 2023

Shares 79,523 Value ($000) $16,707 Avg Close $189.14 Range $154.88 - $210.23

Q4 2022

Shares 78,723 Value ($000) $12,646 Avg Close $159.86 Range $138.76 - $177.27

Q3 2022

Shares 77,923 Value ($000) $12,735 Avg Close $171.96 Range $147.00 - $194.97

Q2 2022

Shares 78,223 Value ($000) $11,736 Avg Close $150.99 Range $132.32 - $168.73

Q1 2022

Shares 74,923 Value ($000) $12,322 Avg Close $153.41 Range $133.10 - $188.57

Q4 2021

Shares 74,762 Value ($000) $13,932 Avg Close $174.32 Range $145.84 - $192.70

Q3 2021

Shares 71,554 Value ($000) $10,836 Avg Close $152.39 Range $135.04 - $168.61

Q2 2021

Shares 72,054 Value ($000) $9,858 Avg Close $132.50 Range $118.11 - $148.27

Q1 2021

Shares 72,154 Value ($000) $9,884 Avg Close $134.17 Range $119.65 - $149.08

Q4 2020

Shares 72,254 Value ($000) $9,858 Avg Close $117.30 Range $104.48 - $136.84

Q3 2020

Shares 72,954 Value ($000) $7,779 Avg Close $105.21 Range $95.23 - $117.59

Q2 2020

Shares 71,254 Value ($000) $6,838 Avg Close $83.71 Range $62.92 - $96.56

Q1 2020

Shares 64,400 Value ($000) $4,253 Avg Close $69.37 Range $51.39 - $80.40

Q4 2019

Shares 67,900 Value ($000) $4,710 Avg Close $67.06 Range $62.41 - $70.96

Q3 2019

Shares 67,400 Value ($000) $4,454 Avg Close $70.33 Range $64.21 - $77.08

Q2 2019

Shares 67,300 Value ($000) $4,766 Avg Close $66.85 Range $61.32 - $73.09

Q1 2019

Shares 80,800 Value ($000) $5,132 Avg Close $52.98 Range $41.43 - $63.56

Q4 2018

Shares 80,800 Value ($000) $3,513 Avg Close $43.42 Range $39.08 - $47.04

Q3 2018

Shares 84,300 Value ($000) $3,820 Avg Close $45.52 Range $42.84 - $47.40

Q2 2018

Shares 83,500 Value ($000) $3,616 Avg Close $41.12 Range $35.49 - $45.46

Q1 2018

Shares 83,300 Value ($000) $3,063 Avg Close $40.78 Range $36.02 - $46.00

Q4 2017

Shares 82,800 Value ($000) $3,463 Avg Close $42.98 Range $39.60 - $45.64

Q3 2017

Shares 85,000 Value ($000) $3,355 Avg Close $36.84 Range $32.85 - $39.49

Q2 2017

Shares 115,210 Value ($000) $3,858 Avg Close $33.28 Range $30.81 - $35.69

Q1 2017

Shares 113,310 Value ($000) $3,558 Avg Close $29.18 Range $25.24 - $32.19

Q4 2016

Shares 115,510 Value ($000) $2,913 Avg Close $25.72 Range $24.15 - $28.00

Q3 2016

Shares 117,710 Value ($000) $3,005 Avg Close $25.01 Range $23.83 - $26.24

Q2 2016

Shares 120,710 Value ($000) $2,933 Avg Close $23.95 Range $22.79 - $25.49

Q1 2016

Shares 121,910 Value ($000) $2,875 Avg Close $20.94 Range $18.32 - $23.75

Q4 2015

Shares 117,610 Value ($000) $2,447 Avg Close $21.70 Range $19.35 - $23.30

Q3 2015

Shares 132,710 Value ($000) $2,744 Avg Close $20.38 Range $18.13 - $21.86

Q2 2015

Shares 133,310 Value ($000) $2,621 Avg Close $19.38 Range $17.77 - $20.51

Q1 2015

Shares 132,510 Value ($000) $2,443 Avg Close $18.21 Range $16.52 - $19.24

Q4 2014

Shares 139,310 Value ($000) $2,643 Avg Close $17.95 Range $15.50 - $19.54

Q3 2014

Shares 137,610 Value ($000) $2,368 Avg Close $17.36 Range $16.25 - $18.25

Q2 2014

Shares 136,410 Value ($000) $2,386 Avg Close $15.99 Range $13.63 - $17.55

Q1 2014

Shares 136,110 Value ($000) $2,115 Avg Close $14.83 Range $13.59 - $16.25

Q4 2013

Shares 134,710 Value ($000) $1,889 Avg Close $13.41 Range $12.55 - $14.72

Q3 2013

Shares 132,310 Value ($000) $1,786 Avg Close $14.35 Range $13.13 - $15.96

Q2 2013

Shares 130,210 Value ($000) $1,885 Avg Close $14.08 Range $12.33 - $15.32

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	76,123	$23,795	$326.31	$295.18 - $357.53
Q3 2025	78,323	$27,512	$344.03	$304.73 - $376.45
Q2 2025	78,823	$24,289	$290.76	$221.56 - $323.39
Q1 2025	79,323	$20,174	$278.09	$230.09 - $325.03
Q4 2024	79,323	$23,833	$290.70	$246.60 - $326.19
Q3 2024	79,523	$21,553	$276.46	$241.29 - $322.28
Q2 2024	79,423	$24,442	$296.08	$270.39 - $328.99
Q1 2024	78,523	$24,443	$295.79	$251.94 - $327.36
Q4 2023	78,523	$21,387	$257.66	$227.77 - $279.33
Q3 2023	78,423	$18,375	$234.06	$217.77 - $248.16
Q2 2023	79,923	$18,744	$217.63	$194.01 - $242.65
Q1 2023	79,523	$16,707	$189.14	$154.88 - $210.23
Q4 2022	78,723	$12,646	$159.86	$138.76 - $177.27
Q3 2022	77,923	$12,735	$171.96	$147.00 - $194.97
Q2 2022	78,223	$11,736	$150.99	$132.32 - $168.73
Q1 2022	74,923	$12,322	$153.41	$133.10 - $188.57
Q4 2021	74,762	$13,932	$174.32	$145.84 - $192.70
Q3 2021	71,554	$10,836	$152.39	$135.04 - $168.61
Q2 2021	72,054	$9,858	$132.50	$118.11 - $148.27
Q1 2021	72,154	$9,884	$134.17	$119.65 - $149.08
Q4 2020	72,254	$9,858	$117.30	$104.48 - $136.84
Q3 2020	72,954	$7,779	$105.21	$95.23 - $117.59
Q2 2020	71,254	$6,838	$83.71	$62.92 - $96.56
Q1 2020	64,400	$4,253	$69.37	$51.39 - $80.40
Q4 2019	67,900	$4,710	$67.06	$62.41 - $70.96
Q3 2019	67,400	$4,454	$70.33	$64.21 - $77.08
Q2 2019	67,300	$4,766	$66.85	$61.32 - $73.09
Q1 2019	80,800	$5,132	$52.98	$41.43 - $63.56
Q4 2018	80,800	$3,513	$43.42	$39.08 - $47.04
Q3 2018	84,300	$3,820	$45.52	$42.84 - $47.40
Q2 2018	83,500	$3,616	$41.12	$35.49 - $45.46
Q1 2018	83,300	$3,063	$40.78	$36.02 - $46.00
Q4 2017	82,800	$3,463	$42.98	$39.60 - $45.64
Q3 2017	85,000	$3,355	$36.84	$32.85 - $39.49
Q2 2017	115,210	$3,858	$33.28	$30.81 - $35.69
Q1 2017	113,310	$3,558	$29.18	$25.24 - $32.19
Q4 2016	115,510	$2,913	$25.72	$24.15 - $28.00
Q3 2016	117,710	$3,005	$25.01	$23.83 - $26.24
Q2 2016	120,710	$2,933	$23.95	$22.79 - $25.49
Q1 2016	121,910	$2,875	$20.94	$18.32 - $23.75
Q4 2015	117,610	$2,447	$21.70	$19.35 - $23.30
Q3 2015	132,710	$2,744	$20.38	$18.13 - $21.86
Q2 2015	133,310	$2,621	$19.38	$17.77 - $20.51
Q1 2015	132,510	$2,443	$18.21	$16.52 - $19.24
Q4 2014	139,310	$2,643	$17.95	$15.50 - $19.54
Q3 2014	137,610	$2,368	$17.36	$16.25 - $18.25
Q2 2014	136,410	$2,386	$15.99	$13.63 - $17.55
Q1 2014	136,110	$2,115	$14.83	$13.59 - $16.25
Q4 2013	134,710	$1,889	$13.41	$12.55 - $14.72
Q3 2013	132,310	$1,786	$14.35	$13.13 - $15.96
Q2 2013	130,210	$1,885	$14.08	$12.33 - $15.32