GRACO INC

Ticker: GGG CUSIP: 384109104 Class: EQTY

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

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

Q1 2020

Shares 31,300 Value ($000) $1,525 Avg Close $47.61 Range $35.69 - $52.93

Q4 2019

Shares 30,940 Value ($000) $1,609 Avg Close $44.16 Range $40.15 - $48.67

Q3 2019

Shares 30,600 Value ($000) $1,409 Avg Close $43.57 Range $40.48 - $47.39

Q2 2019

Shares 30,560 Value ($000) $1,534 Avg Close $46.33 Range $43.06 - $49.57

Q1 2019

Shares 30,340 Value ($000) $1,502 Avg Close $41.50 Range $36.73 - $45.50

Q4 2018

Shares 40,170 Value ($000) $1,681 Avg Close $38.17 Range $34.12 - $42.57

Q2 2018

Shares 39,280 Value ($000) $1,776 Avg Close $41.61 Range $39.45 - $43.76

Q1 2018

Shares 52,650 Value ($000) $2,407 Avg Close $41.27 Range $36.40 - $44.97

Q4 2017

Shares 50,820 Value ($000) $2,298 Avg Close $39.05 Range $36.84 - $41.52

Q3 2017

Shares 16,940 Value ($000) $2,095 Avg Close $34.26 Range $31.39 - $37.45

Q2 2017

Shares 21,320 Value ($000) $2,330 Avg Close $31.78 Range $27.60 - $34.28

Q1 2017

Shares 25,800 Value ($000) $2,429 Avg Close $26.93 Range $24.44 - $28.32

Q4 2016

Shares 25,370 Value ($000) $2,108 Avg Close $23.37 Range $20.56 - $25.21

Q3 2016

Shares 24,960 Value ($000) $1,847 Avg Close $22.14 Range $20.80 - $23.92

Q2 2016

Shares 24,650 Value ($000) $1,947 Avg Close $23.68 Range $21.95 - $25.47

Q1 2016

Shares 18,370 Value ($000) $1,542 Avg Close $21.90 Range $18.46 - $24.97

Q4 2015

Shares 18,480 Value ($000) $1,332 Avg Close $21.07 Range $19.05 - $22.60

Q3 2015

Shares 18,880 Value ($000) $1,266 Avg Close $20.04 Range $18.40 - $21.32

Q2 2015

Shares 18,570 Value ($000) $1,319 Avg Close $20.88 Range $20.15 - $21.51

Q1 2015

Shares 18,000 Value ($000) $1,299 Avg Close $21.49 Range $20.13 - $23.34

Q4 2014

Shares 19,500 Value ($000) $1,564 Avg Close $22.08 Range $19.14 - $23.53

Q3 2014

Shares 17,200 Value ($000) $1,255 Avg Close $21.66 Range $20.60 - $22.71

Q2 2014

Shares 16,900 Value ($000) $1,320 Avg Close $21.05 Range $20.01 - $22.25

Q1 2014

Shares 16,900 Value ($000) $1,263 Avg Close $21.24 Range $18.46 - $22.37

Q4 2013

Shares 16,800 Value ($000) $1,312 Avg Close $21.64 Range $20.52 - $22.49

Q3 2013

Shares 10,100 Value ($000) $748 Avg Close $19.82 Range $17.61 - $21.02

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	31,300	$1,525	$47.61	$35.69 - $52.93
Q4 2019	30,940	$1,609	$44.16	$40.15 - $48.67
Q3 2019	30,600	$1,409	$43.57	$40.48 - $47.39
Q2 2019	30,560	$1,534	$46.33	$43.06 - $49.57
Q1 2019	30,340	$1,502	$41.50	$36.73 - $45.50
Q4 2018	40,170	$1,681	$38.17	$34.12 - $42.57
Q2 2018	39,280	$1,776	$41.61	$39.45 - $43.76
Q1 2018	52,650	$2,407	$41.27	$36.40 - $44.97
Q4 2017	50,820	$2,298	$39.05	$36.84 - $41.52
Q3 2017	16,940	$2,095	$34.26	$31.39 - $37.45
Q2 2017	21,320	$2,330	$31.78	$27.60 - $34.28
Q1 2017	25,800	$2,429	$26.93	$24.44 - $28.32
Q4 2016	25,370	$2,108	$23.37	$20.56 - $25.21
Q3 2016	24,960	$1,847	$22.14	$20.80 - $23.92
Q2 2016	24,650	$1,947	$23.68	$21.95 - $25.47
Q1 2016	18,370	$1,542	$21.90	$18.46 - $24.97
Q4 2015	18,480	$1,332	$21.07	$19.05 - $22.60
Q3 2015	18,880	$1,266	$20.04	$18.40 - $21.32
Q2 2015	18,570	$1,319	$20.88	$20.15 - $21.51
Q1 2015	18,000	$1,299	$21.49	$20.13 - $23.34
Q4 2014	19,500	$1,564	$22.08	$19.14 - $23.53
Q3 2014	17,200	$1,255	$21.66	$20.60 - $22.71
Q2 2014	16,900	$1,320	$21.05	$20.01 - $22.25
Q1 2014	16,900	$1,263	$21.24	$18.46 - $22.37
Q4 2013	16,800	$1,312	$21.64	$20.52 - $22.49
Q3 2013	10,100	$748	$19.82	$17.61 - $21.02