CADENCE DESIGN SYSTEM INC

Ticker: CDNS CUSIP: 127387108 Class: Com

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

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

Q1 2020

Shares 3,940 Value ($000) $260 Avg Close $69.37 Range $51.39 - $80.40

Q4 2019

Shares 3,940 Value ($000) $273 Avg Close $67.06 Range $62.41 - $70.96

Q3 2019

Shares 15,070 Value ($000) $995 Avg Close $70.33 Range $64.21 - $77.08

Q2 2019

Shares 15,010 Value ($000) $1,063 Avg Close $66.85 Range $61.32 - $73.09

Q1 2019

Shares 21,060 Value ($000) $1,338 Avg Close $52.98 Range $41.43 - $63.56

Q4 2018

Shares 24,830 Value ($000) $1,080 Avg Close $43.42 Range $39.08 - $47.04

Q2 2018

Shares 7,240 Value ($000) $314 Avg Close $41.12 Range $35.49 - $45.46

Q1 2018

Shares 24,110 Value ($000) $886 Avg Close $40.78 Range $36.02 - $46.00

Q4 2017

Shares 24,110 Value ($000) $1,009 Avg Close $42.98 Range $39.60 - $45.64

Q3 2017

Shares 7,240 Value ($000) $286 Avg Close $36.84 Range $32.85 - $39.49

Q2 2017

Shares 107,930 Value ($000) $3,615 Avg Close $33.28 Range $30.81 - $35.69

Q1 2017

Shares 132,870 Value ($000) $4,172 Avg Close $29.18 Range $25.24 - $32.19

Q4 2016

Shares 133,720 Value ($000) $3,372 Avg Close $25.72 Range $24.15 - $28.00

Q3 2016

Shares 135,120 Value ($000) $3,450 Avg Close $25.01 Range $23.83 - $26.24

Q2 2016

Shares 133,180 Value ($000) $3,236 Avg Close $23.95 Range $22.79 - $25.49

Q1 2016

Shares 101,820 Value ($000) $2,401 Avg Close $20.94 Range $18.32 - $23.75

Q4 2015

Shares 93,390 Value ($000) $1,943 Avg Close $21.70 Range $19.35 - $23.30

Q3 2015

Shares 96,520 Value ($000) $1,996 Avg Close $20.38 Range $18.13 - $21.86

Q2 2015

Shares 91,950 Value ($000) $1,808 Avg Close $19.38 Range $17.77 - $20.51

Q1 2015

Shares 88,600 Value ($000) $1,634 Avg Close $18.21 Range $16.52 - $19.24

Q4 2014

Shares 94,210 Value ($000) $1,787 Avg Close $17.95 Range $15.50 - $19.54

Q3 2014

Shares 82,100 Value ($000) $1,413 Avg Close $17.36 Range $16.25 - $18.25

Q2 2014

Shares 79,500 Value ($000) $1,390 Avg Close $15.99 Range $13.63 - $17.55

Q1 2014

Shares 79,500 Value ($000) $1,235 Avg Close $14.83 Range $13.59 - $16.25

Q4 2013

Shares 77,800 Value ($000) $1,091 Avg Close $13.41 Range $12.55 - $14.72

Q3 2013

Shares 46,500 Value ($000) $628 Avg Close $14.35 Range $13.13 - $15.96

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	3,940	$260	$69.37	$51.39 - $80.40
Q4 2019	3,940	$273	$67.06	$62.41 - $70.96
Q3 2019	15,070	$995	$70.33	$64.21 - $77.08
Q2 2019	15,010	$1,063	$66.85	$61.32 - $73.09
Q1 2019	21,060	$1,338	$52.98	$41.43 - $63.56
Q4 2018	24,830	$1,080	$43.42	$39.08 - $47.04
Q2 2018	7,240	$314	$41.12	$35.49 - $45.46
Q1 2018	24,110	$886	$40.78	$36.02 - $46.00
Q4 2017	24,110	$1,009	$42.98	$39.60 - $45.64
Q3 2017	7,240	$286	$36.84	$32.85 - $39.49
Q2 2017	107,930	$3,615	$33.28	$30.81 - $35.69
Q1 2017	132,870	$4,172	$29.18	$25.24 - $32.19
Q4 2016	133,720	$3,372	$25.72	$24.15 - $28.00
Q3 2016	135,120	$3,450	$25.01	$23.83 - $26.24
Q2 2016	133,180	$3,236	$23.95	$22.79 - $25.49
Q1 2016	101,820	$2,401	$20.94	$18.32 - $23.75
Q4 2015	93,390	$1,943	$21.70	$19.35 - $23.30
Q3 2015	96,520	$1,996	$20.38	$18.13 - $21.86
Q2 2015	91,950	$1,808	$19.38	$17.77 - $20.51
Q1 2015	88,600	$1,634	$18.21	$16.52 - $19.24
Q4 2014	94,210	$1,787	$17.95	$15.50 - $19.54
Q3 2014	82,100	$1,413	$17.36	$16.25 - $18.25
Q2 2014	79,500	$1,390	$15.99	$13.63 - $17.55
Q1 2014	79,500	$1,235	$14.83	$13.59 - $16.25
Q4 2013	77,800	$1,091	$13.41	$12.55 - $14.72
Q3 2013	46,500	$628	$14.35	$13.13 - $15.96