GUIDEWIRE SOFTWARE INC

Ticker: GWRE CUSIP: 40171V100 Class: EQTY

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

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

Q4 2025

Shares 20,100 Value ($000) $4,040 Avg Close $221.19 Range $189.34 - $255.89

Q3 2025

Shares 20,000 Value ($000) $4,597 Avg Close $227.43 Range $205.63 - $272.60

Q2 2025

Shares 20,200 Value ($000) $4,756 Avg Close $214.86 Range $165.08 - $263.20

Q1 2025

Shares 20,000 Value ($000) $3,747 Avg Close $194.38 Range $165.95 - $219.59

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	20,100	$4,040	$221.19	$189.34 - $255.89
Q3 2025	20,000	$4,597	$227.43	$205.63 - $272.60
Q2 2025	20,200	$4,756	$214.86	$165.08 - $263.20
Q1 2025	20,000	$3,747	$194.38	$165.95 - $219.59