CARRIER GLOBAL CORPORATION

Ticker: CARR CUSIP: 14448C104 Class: COM

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

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

Q4 2025

Shares 207,225 Value ($000) $10,950 Avg Close $55.53 Range $50.30 - $62.33

Q3 2025

Shares 216,325 Value ($000) $12,915 Avg Close $67.63 Range $58.10 - $80.78

Q2 2025

Shares 216,825 Value ($000) $15,869 Avg Close $67.32 Range $53.68 - $76.11

Q1 2025

Shares 219,125 Value ($000) $13,893 Avg Close $65.78 Range $59.57 - $70.22

Q4 2024

Shares 226,425 Value ($000) $15,456 Avg Close $74.39 Range $65.74 - $82.00

Q3 2024

Shares 228,625 Value ($000) $18,402 Avg Close $68.53 Range $60.24 - $80.35

Q2 2024

Shares 229,525 Value ($000) $14,478 Avg Close $60.20 Range $52.17 - $65.25

Q1 2024

Shares 228,925 Value ($000) $13,307 Avg Close $54.96 Range $51.97 - $59.54

Q4 2023

Shares 229,725 Value ($000) $13,198 Avg Close $51.55 Range $44.53 - $57.70

Q3 2023

Shares 229,625 Value ($000) $12,675 Avg Close $53.44 Range $46.95 - $58.30

Q2 2023

Shares 229,525 Value ($000) $11,410 Avg Close $42.52 Range $38.86 - $48.64

Q1 2023

Shares 229,125 Value ($000) $10,482 Avg Close $43.10 Range $39.60 - $47.35

Q4 2022

Shares 227,325 Value ($000) $9,377 Avg Close $38.88 Range $31.60 - $43.35

Q3 2022

Shares 227,825 Value ($000) $8,101 Avg Close $37.60 Range $33.12 - $42.58

Q2 2022

Shares 228,825 Value ($000) $8,160 Avg Close $37.29 Range $32.55 - $43.96

Q1 2022

Shares 215,825 Value ($000) $9,900 Avg Close $44.60 Range $40.21 - $51.75

Q4 2021

Shares 218,143 Value ($000) $11,832 Avg Close $50.95 Range $47.05 - $54.75

Q3 2021

Shares 217,843 Value ($000) $11,276 Avg Close $50.71 Range $44.79 - $55.49

Q2 2021

Shares 205,343 Value ($000) $9,980 Avg Close $41.98 Range $39.24 - $46.27

Q1 2021

Shares 219,443 Value ($000) $9,265 Avg Close $36.44 Range $32.07 - $40.75

Q4 2020

Shares 219,243 Value ($000) $8,270 Avg Close $33.81 Range $28.21 - $38.76

Q3 2020

Shares 275,943 Value ($000) $8,427 Avg Close $26.37 Range $20.39 - $29.42

Q2 2020

Shares 207,943 Value ($000) $4,620 Avg Close $17.13 Range $11.26 - $22.66

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	207,225	$10,950	$55.53	$50.30 - $62.33
Q3 2025	216,325	$12,915	$67.63	$58.10 - $80.78
Q2 2025	216,825	$15,869	$67.32	$53.68 - $76.11
Q1 2025	219,125	$13,893	$65.78	$59.57 - $70.22
Q4 2024	226,425	$15,456	$74.39	$65.74 - $82.00
Q3 2024	228,625	$18,402	$68.53	$60.24 - $80.35
Q2 2024	229,525	$14,478	$60.20	$52.17 - $65.25
Q1 2024	228,925	$13,307	$54.96	$51.97 - $59.54
Q4 2023	229,725	$13,198	$51.55	$44.53 - $57.70
Q3 2023	229,625	$12,675	$53.44	$46.95 - $58.30
Q2 2023	229,525	$11,410	$42.52	$38.86 - $48.64
Q1 2023	229,125	$10,482	$43.10	$39.60 - $47.35
Q4 2022	227,325	$9,377	$38.88	$31.60 - $43.35
Q3 2022	227,825	$8,101	$37.60	$33.12 - $42.58
Q2 2022	228,825	$8,160	$37.29	$32.55 - $43.96
Q1 2022	215,825	$9,900	$44.60	$40.21 - $51.75
Q4 2021	218,143	$11,832	$50.95	$47.05 - $54.75
Q3 2021	217,843	$11,276	$50.71	$44.79 - $55.49
Q2 2021	205,343	$9,980	$41.98	$39.24 - $46.27
Q1 2021	219,443	$9,265	$36.44	$32.07 - $40.75
Q4 2020	219,243	$8,270	$33.81	$28.21 - $38.76
Q3 2020	275,943	$8,427	$26.37	$20.39 - $29.42
Q2 2020	207,943	$4,620	$17.13	$11.26 - $22.66