HUBSPOT INC

Ticker: HUBS CUSIP: 443573100 Class: EQTY

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

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

Q4 2025

Shares 106,400 Value ($000) $42,698 Avg Close $414.24 Range $344.41 - $503.00

Q3 2025

Shares 106,400 Value ($000) $49,774 Avg Close $503.08 Range $418.34 - $568.16

Q2 2025

Shares 106,400 Value ($000) $59,225 Avg Close $585.68 Range $472.28 - $682.57

Q1 2025

Shares 106,400 Value ($000) $60,785 Avg Close $701.46 Range $550.76 - $881.13

Q4 2024

Shares 106,400 Value ($000) $74,136 Avg Close $642.90 Range $510.12 - $762.47

Q3 2024

Shares 56,700 Value ($000) $30,142 Avg Close $502.22 Range $434.84 - $596.25

Q2 2024

Shares 43,700 Value ($000) $25,774 Avg Close $613.26 Range $550.91 - $693.85

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	106,400	$42,698	$414.24	$344.41 - $503.00
Q3 2025	106,400	$49,774	$503.08	$418.34 - $568.16
Q2 2025	106,400	$59,225	$585.68	$472.28 - $682.57
Q1 2025	106,400	$60,785	$701.46	$550.76 - $881.13
Q4 2024	106,400	$74,136	$642.90	$510.12 - $762.47
Q3 2024	56,700	$30,142	$502.22	$434.84 - $596.25
Q2 2024	43,700	$25,774	$613.26	$550.91 - $693.85