FREEPORT-MCMORAN INC

Ticker: FCX CUSIP: 35671D857 Class: CL B

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

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

Q4 2025

Shares 375,933 Value ($000) $19,094 Avg Close $43.31 Range $38.05 - $53.77

Q3 2025

Shares 388,333 Value ($000) $15,230 Avg Close $43.20 Range $35.02 - $48.78

Q2 2025

Shares 390,533 Value ($000) $16,930 Avg Close $37.70 Range $27.35 - $44.59

Q1 2025

Shares 389,833 Value ($000) $14,759 Avg Close $37.81 Range $33.60 - $42.96

Q4 2024

Shares 390,033 Value ($000) $14,852 Avg Close $44.04 Range $37.10 - $50.52

Q3 2024

Shares 391,333 Value ($000) $19,535 Avg Close $44.24 Range $38.37 - $51.66

Q2 2024

Shares 393,433 Value ($000) $19,121 Avg Close $49.32 Range $45.60 - $54.08

Q1 2024

Shares 392,933 Value ($000) $18,476 Avg Close $39.40 Range $35.40 - $46.07

Q4 2023

Shares 392,633 Value ($000) $16,714 Avg Close $35.90 Range $31.93 - $42.23

Q3 2023

Shares 393,033 Value ($000) $14,656 Avg Close $39.01 Range $34.91 - $43.30

Q2 2023

Shares 394,133 Value ($000) $15,765 Avg Close $36.76 Range $31.90 - $41.95

Q1 2023

Shares 392,533 Value ($000) $16,059 Avg Close $39.99 Range $33.54 - $44.94

Q4 2022

Shares 388,433 Value ($000) $14,760 Avg Close $33.48 Range $26.36 - $39.45

Q3 2022

Shares 387,033 Value ($000) $10,578 Avg Close $27.89 Range $23.65 - $32.31

Q2 2022

Shares 391,033 Value ($000) $11,442 Avg Close $37.93 Range $27.37 - $49.00

Q1 2022

Shares 370,433 Value ($000) $18,425 Avg Close $41.84 Range $33.02 - $49.14

Q4 2021

Shares 369,663 Value ($000) $15,426 Avg Close $35.78 Range $29.07 - $40.29

Q3 2021

Shares 368,663 Value ($000) $11,993 Avg Close $33.08 Range $28.22 - $36.85

Q2 2021

Shares 368,463 Value ($000) $13,674 Avg Close $36.53 Range $30.91 - $43.24

Q1 2021

Shares 366,063 Value ($000) $12,054 Avg Close $30.35 Range $23.13 - $36.59

Q4 2020

Shares 365,363 Value ($000) $9,507 Avg Close $19.45 Range $14.24 - $25.11

Q3 2020

Shares 370,563 Value ($000) $5,796 Avg Close $13.50 Range $10.52 - $16.38

Q2 2020

Shares 370,863 Value ($000) $4,291 Avg Close $8.58 Range $5.75 - $10.93

Q1 2020

Shares 332,623 Value ($000) $2,245 Avg Close $9.79 Range $4.51 - $12.72

Q4 2019

Shares 350,923 Value ($000) $4,604 Avg Close $10.23 Range $7.82 - $12.48

Q3 2019

Shares 348,823 Value ($000) $3,338 Avg Close $9.51 Range $7.96 - $11.19

Q2 2019

Shares 347,323 Value ($000) $4,032 Avg Close $10.74 Range $8.74 - $13.55

Q1 2019

Shares 417,623 Value ($000) $5,383 Avg Close $11.12 Range $9.01 - $12.75

Q4 2018

Shares 414,823 Value ($000) $4,277 Avg Close $10.68 Range $8.79 - $13.03

Q3 2018

Shares 431,723 Value ($000) $6,010 Avg Close $13.78 Range $11.11 - $16.50

Q2 2018

Shares 398,923 Value ($000) $6,885 Avg Close $15.42 Range $13.32 - $17.92

Q1 2018

Shares 396,423 Value ($000) $6,965 Avg Close $17.03 Range $14.98 - $18.37

Q4 2017

Shares 394,623 Value ($000) $7,482 Avg Close $13.68 Range $11.99 - $17.64

Q3 2017

Shares 408,323 Value ($000) $5,733 Avg Close $12.74 Range $10.62 - $14.29

Q2 2017

Shares 437,423 Value ($000) $5,253 Avg Close $11.01 Range $10.02 - $12.54

Q1 2017

Shares 436,823 Value ($000) $5,836 Avg Close $13.03 Range $10.80 - $15.47

Q4 2016

Shares 409,723 Value ($000) $5,404 Avg Close $11.60 Range $8.38 - $14.89

Q3 2016

Shares 426,443 Value ($000) $4,631 Avg Close $10.43 Range $8.55 - $12.33

Q2 2016

Shares 434,943 Value ($000) $4,845 Avg Close $10.05 Range $7.95 - $12.75

Q1 2016

Shares 431,043 Value ($000) $4,457 Avg Close $6.37 Range $3.19 - $10.39

Q4 2015

Shares 395,343 Value ($000) $2,676 Avg Close $8.63 Range $5.51 - $12.83

Q3 2015

Shares 408,343 Value ($000) $3,957 Avg Close $10.82 Range $7.01 - $16.86

Q2 2015

Shares 403,343 Value ($000) $7,510 Avg Close $18.47 Range $16.21 - $21.45

Q1 2015

Shares 401,143 Value ($000) $7,602 Avg Close $17.62 Range $14.66 - $20.88

Q4 2014

Shares 652,043 Value ($000) $15,232 Avg Close $24.27 Range $18.43 - $28.68

Q3 2014

Shares 649,943 Value ($000) $21,221 Avg Close $31.63 Range $28.14 - $34.03

Q2 2014

Shares 649,643 Value ($000) $23,712 Avg Close $29.56 Range $27.95 - $31.56

Q1 2014

Shares 647,843 Value ($000) $21,424 Avg Close $28.47 Range $26.01 - $32.33

Q4 2013

Shares 655,043 Value ($000) $24,721 Avg Close $30.06 Range $27.19 - $32.26

Q3 2013

Shares 582,143 Value ($000) $19,257 Avg Close $25.67 Range $22.40 - $29.42

Q2 2013

Shares 581,643 Value ($000) $16,059 Avg Close $24.45 Range $21.66 - $26.79

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	375,933	$19,094	$43.31	$38.05 - $53.77
Q3 2025	388,333	$15,230	$43.20	$35.02 - $48.78
Q2 2025	390,533	$16,930	$37.70	$27.35 - $44.59
Q1 2025	389,833	$14,759	$37.81	$33.60 - $42.96
Q4 2024	390,033	$14,852	$44.04	$37.10 - $50.52
Q3 2024	391,333	$19,535	$44.24	$38.37 - $51.66
Q2 2024	393,433	$19,121	$49.32	$45.60 - $54.08
Q1 2024	392,933	$18,476	$39.40	$35.40 - $46.07
Q4 2023	392,633	$16,714	$35.90	$31.93 - $42.23
Q3 2023	393,033	$14,656	$39.01	$34.91 - $43.30
Q2 2023	394,133	$15,765	$36.76	$31.90 - $41.95
Q1 2023	392,533	$16,059	$39.99	$33.54 - $44.94
Q4 2022	388,433	$14,760	$33.48	$26.36 - $39.45
Q3 2022	387,033	$10,578	$27.89	$23.65 - $32.31
Q2 2022	391,033	$11,442	$37.93	$27.37 - $49.00
Q1 2022	370,433	$18,425	$41.84	$33.02 - $49.14
Q4 2021	369,663	$15,426	$35.78	$29.07 - $40.29
Q3 2021	368,663	$11,993	$33.08	$28.22 - $36.85
Q2 2021	368,463	$13,674	$36.53	$30.91 - $43.24
Q1 2021	366,063	$12,054	$30.35	$23.13 - $36.59
Q4 2020	365,363	$9,507	$19.45	$14.24 - $25.11
Q3 2020	370,563	$5,796	$13.50	$10.52 - $16.38
Q2 2020	370,863	$4,291	$8.58	$5.75 - $10.93
Q1 2020	332,623	$2,245	$9.79	$4.51 - $12.72
Q4 2019	350,923	$4,604	$10.23	$7.82 - $12.48
Q3 2019	348,823	$3,338	$9.51	$7.96 - $11.19
Q2 2019	347,323	$4,032	$10.74	$8.74 - $13.55
Q1 2019	417,623	$5,383	$11.12	$9.01 - $12.75
Q4 2018	414,823	$4,277	$10.68	$8.79 - $13.03
Q3 2018	431,723	$6,010	$13.78	$11.11 - $16.50
Q2 2018	398,923	$6,885	$15.42	$13.32 - $17.92
Q1 2018	396,423	$6,965	$17.03	$14.98 - $18.37
Q4 2017	394,623	$7,482	$13.68	$11.99 - $17.64
Q3 2017	408,323	$5,733	$12.74	$10.62 - $14.29
Q2 2017	437,423	$5,253	$11.01	$10.02 - $12.54
Q1 2017	436,823	$5,836	$13.03	$10.80 - $15.47
Q4 2016	409,723	$5,404	$11.60	$8.38 - $14.89
Q3 2016	426,443	$4,631	$10.43	$8.55 - $12.33
Q2 2016	434,943	$4,845	$10.05	$7.95 - $12.75
Q1 2016	431,043	$4,457	$6.37	$3.19 - $10.39
Q4 2015	395,343	$2,676	$8.63	$5.51 - $12.83
Q3 2015	408,343	$3,957	$10.82	$7.01 - $16.86
Q2 2015	403,343	$7,510	$18.47	$16.21 - $21.45
Q1 2015	401,143	$7,602	$17.62	$14.66 - $20.88
Q4 2014	652,043	$15,232	$24.27	$18.43 - $28.68
Q3 2014	649,943	$21,221	$31.63	$28.14 - $34.03
Q2 2014	649,643	$23,712	$29.56	$27.95 - $31.56
Q1 2014	647,843	$21,424	$28.47	$26.01 - $32.33
Q4 2013	655,043	$24,721	$30.06	$27.19 - $32.26
Q3 2013	582,143	$19,257	$25.67	$22.40 - $29.42
Q2 2013	581,643	$16,059	$24.45	$21.66 - $26.79