CUMMINS INC

Ticker: CMI CUSIP: 231021106 Class: COM

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

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

Q4 2025

Shares 36,131 Value ($000) $18,443 Avg Close $466.32 Range $399.00 - $526.50

Q3 2025

Shares 40,637 Value ($000) $17,164 Avg Close $380.68 Range $321.96 - $430.64

Q2 2025

Shares 40,837 Value ($000) $13,374 Avg Close $305.67 Range $256.13 - $332.09

Q1 2025

Shares 41,037 Value ($000) $12,863 Avg Close $346.08 Range $299.99 - $379.84

Q4 2024

Shares 40,937 Value ($000) $14,271 Avg Close $343.44 Range $313.98 - $380.29

Q3 2024

Shares 41,037 Value ($000) $13,287 Avg Close $287.98 Range $257.38 - $325.28

Q2 2024

Shares 41,137 Value ($000) $11,392 Avg Close $276.13 Range $253.60 - $293.32

Q1 2024

Shares 41,037 Value ($000) $12,092 Avg Close $247.59 Range $217.00 - $286.43

Q4 2023

Shares 42,537 Value ($000) $10,191 Avg Close $216.82 Range $202.31 - $237.95

Q3 2023

Shares 42,137 Value ($000) $9,627 Avg Close $228.57 Range $213.28 - $250.40

Q2 2023

Shares 42,837 Value ($000) $10,502 Avg Close $212.93 Range $191.78 - $233.02

Q1 2023

Shares 44,037 Value ($000) $10,520 Avg Close $227.95 Range $206.70 - $245.42

Q4 2022

Shares 43,537 Value ($000) $10,549 Avg Close $220.78 Range $190.10 - $236.07

Q3 2022

Shares 43,437 Value ($000) $8,840 Avg Close $196.18 Range $172.70 - $214.91

Q2 2022

Shares 43,337 Value ($000) $8,387 Avg Close $183.04 Range $169.35 - $199.33

Q1 2022

Shares 41,137 Value ($000) $8,438 Avg Close $196.64 Range $172.91 - $215.80

Q4 2021

Shares 41,190 Value ($000) $8,985 Avg Close $205.83 Range $184.37 - $222.95

Q3 2021

Shares 38,384 Value ($000) $8,620 Avg Close $210.43 Range $195.94 - $219.95

Q2 2021

Shares 39,084 Value ($000) $9,529 Avg Close $228.30 Range $206.67 - $243.72

Q1 2021

Shares 42,184 Value ($000) $10,930 Avg Close $221.90 Range $194.62 - $246.78

Q4 2020

Shares 42,184 Value ($000) $9,580 Avg Close $198.26 Range $179.19 - $215.44

Q3 2020

Shares 47,984 Value ($000) $10,132 Avg Close $174.85 Range $149.42 - $191.30

Q2 2020

Shares 37,684 Value ($000) $6,529 Avg Close $139.25 Range $110.49 - $161.83

Q1 2020

Shares 35,164 Value ($000) $4,758 Avg Close $134.72 Range $87.69 - $155.77

Q4 2019

Shares 37,064 Value ($000) $6,633 Avg Close $151.07 Range $129.24 - $160.06

Q3 2019

Shares 37,964 Value ($000) $6,176 Avg Close $136.12 Range $120.68 - $149.09

Q2 2019

Shares 34,664 Value ($000) $5,939 Avg Close $138.18 Range $127.54 - $145.64

Q1 2019

Shares 41,764 Value ($000) $6,593 Avg Close $125.76 Range $108.63 - $136.63

Q4 2018

Shares 42,264 Value ($000) $5,648 Avg Close $117.48 Range $103.38 - $130.74

Q3 2018

Shares 44,764 Value ($000) $6,539 Avg Close $116.20 Range $106.82 - $125.88

Q2 2018

Shares 45,864 Value ($000) $6,100 Avg Close $122.60 Range $108.21 - $140.47

Q1 2018

Shares 45,864 Value ($000) $7,434 Avg Close $139.76 Range $126.19 - $157.48

Q4 2017

Shares 45,764 Value ($000) $8,084 Avg Close $138.21 Range $128.75 - $146.48

Q3 2017

Shares 47,764 Value ($000) $8,026 Avg Close $129.94 Range $121.07 - $136.57

Q2 2017

Shares 50,764 Value ($000) $8,235 Avg Close $123.78 Range $114.34 - $131.41

Q1 2017

Shares 50,864 Value ($000) $7,691 Avg Close $117.25 Range $105.87 - $123.63

Q4 2016

Shares 50,464 Value ($000) $6,897 Avg Close $105.31 Range $95.01 - $116.16

Q3 2016

Shares 54,124 Value ($000) $6,936 Avg Close $94.73 Range $83.58 - $100.79

Q2 2016

Shares 55,024 Value ($000) $6,187 Avg Close $87.68 Range $80.39 - $93.22

Q1 2016

Shares 55,824 Value ($000) $6,137 Avg Close $74.19 Range $60.97 - $85.78

Q4 2015

Shares 56,224 Value ($000) $4,948 Avg Close $75.80 Range $64.87 - $87.18

Q3 2015

Shares 60,024 Value ($000) $6,517 Avg Close $92.93 Range $80.62 - $99.45

Q2 2015

Shares 65,024 Value ($000) $8,530 Avg Close $102.82 Range $98.06 - $106.94

Q1 2015

Shares 64,924 Value ($000) $9,001 Avg Close $104.83 Range $98.99 - $109.77

Q4 2014

Shares 70,024 Value ($000) $10,095 Avg Close $104.58 Range $91.67 - $112.16

Q3 2014

Shares 70,124 Value ($000) $9,255 Avg Close $106.06 Range $96.79 - $116.08

Q2 2014

Shares 70,024 Value ($000) $10,804 Avg Close $110.72 Range $101.54 - $118.12

Q1 2014

Shares 70,824 Value ($000) $10,552 Avg Close $101.29 Range $89.19 - $109.81

Q4 2013

Shares 70,824 Value ($000) $9,984 Avg Close $96.30 Range $88.68 - $102.83

Q3 2013

Shares 70,824 Value ($000) $9,410 Avg Close $89.10 Range $77.42 - $98.80

Q2 2013

Shares 71,624 Value ($000) $7,768 Avg Close $81.53 Range $74.16 - $88.09

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	36,131	$18,443	$466.32	$399.00 - $526.50
Q3 2025	40,637	$17,164	$380.68	$321.96 - $430.64
Q2 2025	40,837	$13,374	$305.67	$256.13 - $332.09
Q1 2025	41,037	$12,863	$346.08	$299.99 - $379.84
Q4 2024	40,937	$14,271	$343.44	$313.98 - $380.29
Q3 2024	41,037	$13,287	$287.98	$257.38 - $325.28
Q2 2024	41,137	$11,392	$276.13	$253.60 - $293.32
Q1 2024	41,037	$12,092	$247.59	$217.00 - $286.43
Q4 2023	42,537	$10,191	$216.82	$202.31 - $237.95
Q3 2023	42,137	$9,627	$228.57	$213.28 - $250.40
Q2 2023	42,837	$10,502	$212.93	$191.78 - $233.02
Q1 2023	44,037	$10,520	$227.95	$206.70 - $245.42
Q4 2022	43,537	$10,549	$220.78	$190.10 - $236.07
Q3 2022	43,437	$8,840	$196.18	$172.70 - $214.91
Q2 2022	43,337	$8,387	$183.04	$169.35 - $199.33
Q1 2022	41,137	$8,438	$196.64	$172.91 - $215.80
Q4 2021	41,190	$8,985	$205.83	$184.37 - $222.95
Q3 2021	38,384	$8,620	$210.43	$195.94 - $219.95
Q2 2021	39,084	$9,529	$228.30	$206.67 - $243.72
Q1 2021	42,184	$10,930	$221.90	$194.62 - $246.78
Q4 2020	42,184	$9,580	$198.26	$179.19 - $215.44
Q3 2020	47,984	$10,132	$174.85	$149.42 - $191.30
Q2 2020	37,684	$6,529	$139.25	$110.49 - $161.83
Q1 2020	35,164	$4,758	$134.72	$87.69 - $155.77
Q4 2019	37,064	$6,633	$151.07	$129.24 - $160.06
Q3 2019	37,964	$6,176	$136.12	$120.68 - $149.09
Q2 2019	34,664	$5,939	$138.18	$127.54 - $145.64
Q1 2019	41,764	$6,593	$125.76	$108.63 - $136.63
Q4 2018	42,264	$5,648	$117.48	$103.38 - $130.74
Q3 2018	44,764	$6,539	$116.20	$106.82 - $125.88
Q2 2018	45,864	$6,100	$122.60	$108.21 - $140.47
Q1 2018	45,864	$7,434	$139.76	$126.19 - $157.48
Q4 2017	45,764	$8,084	$138.21	$128.75 - $146.48
Q3 2017	47,764	$8,026	$129.94	$121.07 - $136.57
Q2 2017	50,764	$8,235	$123.78	$114.34 - $131.41
Q1 2017	50,864	$7,691	$117.25	$105.87 - $123.63
Q4 2016	50,464	$6,897	$105.31	$95.01 - $116.16
Q3 2016	54,124	$6,936	$94.73	$83.58 - $100.79
Q2 2016	55,024	$6,187	$87.68	$80.39 - $93.22
Q1 2016	55,824	$6,137	$74.19	$60.97 - $85.78
Q4 2015	56,224	$4,948	$75.80	$64.87 - $87.18
Q3 2015	60,024	$6,517	$92.93	$80.62 - $99.45
Q2 2015	65,024	$8,530	$102.82	$98.06 - $106.94
Q1 2015	64,924	$9,001	$104.83	$98.99 - $109.77
Q4 2014	70,024	$10,095	$104.58	$91.67 - $112.16
Q3 2014	70,124	$9,255	$106.06	$96.79 - $116.08
Q2 2014	70,024	$10,804	$110.72	$101.54 - $118.12
Q1 2014	70,824	$10,552	$101.29	$89.19 - $109.81
Q4 2013	70,824	$9,984	$96.30	$88.68 - $102.83
Q3 2013	70,824	$9,410	$89.10	$77.42 - $98.80
Q2 2013	71,624	$7,768	$81.53	$74.16 - $88.09