ILLINOIS TOOL WKS INC

Ticker: ITW CUSIP: 452308109 Class: COM

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

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

Q4 2025

Shares 77,536 Value ($000) $19,097 Avg Close $247.57 Range $237.29 - $261.06

Q3 2025

Shares 79,336 Value ($000) $20,688 Avg Close $257.33 Range $242.11 - $267.35

Q2 2025

Shares 80,136 Value ($000) $19,814 Avg Close $237.16 Range $210.69 - $248.54

Q1 2025

Shares 79,436 Value ($000) $19,701 Avg Close $250.69 Range $236.75 - $271.32

Q4 2024

Shares 79,836 Value ($000) $20,243 Avg Close $257.33 Range $244.78 - $270.69

Q3 2024

Shares 80,236 Value ($000) $21,027 Avg Close $237.29 Range $224.45 - $258.13

Q2 2024

Shares 81,036 Value ($000) $19,202 Avg Close $236.81 Range $223.33 - $257.46

Q1 2024

Shares 81,336 Value ($000) $21,825 Avg Close $247.64 Range $237.66 - $258.55

Q4 2023

Shares 81,836 Value ($000) $21,436 Avg Close $227.33 Range $206.29 - $251.34

Q3 2023

Shares 82,236 Value ($000) $18,940 Avg Close $230.07 Range $215.30 - $249.06

Q2 2023

Shares 84,636 Value ($000) $21,173 Avg Close $219.64 Range $203.55 - $237.00

Q1 2023

Shares 89,336 Value ($000) $21,749 Avg Close $217.67 Range $203.17 - $236.30

Q4 2022

Shares 89,136 Value ($000) $19,637 Avg Close $197.50 Range $167.30 - $214.80

Q3 2022

Shares 86,936 Value ($000) $15,705 Avg Close $181.67 Range $159.75 - $200.62

Q2 2022

Shares 87,136 Value ($000) $15,881 Avg Close $182.99 Range $162.17 - $195.56

Q1 2022

Shares 85,436 Value ($000) $17,890 Avg Close $203.67 Range $184.43 - $227.18

Q4 2021

Shares 85,387 Value ($000) $21,074 Avg Close $210.30 Range $184.61 - $225.16

Q3 2021

Shares 77,843 Value ($000) $16,085 Avg Close $202.90 Range $186.93 - $211.96

Q2 2021

Shares 78,143 Value ($000) $17,470 Avg Close $205.01 Range $194.69 - $216.70

Q1 2021

Shares 78,443 Value ($000) $17,377 Avg Close $184.98 Range $171.80 - $203.76

Q4 2020

Shares 78,543 Value ($000) $16,013 Avg Close $181.01 Range $166.62 - $198.99

Q3 2020

Shares 84,443 Value ($000) $16,315 Avg Close $167.30 Range $151.59 - $178.89

Q2 2020

Shares 73,443 Value ($000) $12,842 Avg Close $142.90 Range $116.56 - $161.60

Q1 2020

Shares 66,997 Value ($000) $9,522 Avg Close $147.58 Range $100.67 - $165.72

Q4 2019

Shares 70,697 Value ($000) $12,699 Avg Close $146.29 Range $126.07 - $157.39

Q3 2019

Shares 268,197 Value ($000) $41,970 Avg Close $130.19 Range $122.69 - $138.62

Q2 2019

Shares 269,197 Value ($000) $40,598 Avg Close $128.58 Range $116.59 - $135.13

Q1 2019

Shares 284,397 Value ($000) $40,820 Avg Close $117.01 Range $103.65 - $124.26

Q4 2018

Shares 284,797 Value ($000) $36,081 Avg Close $110.50 Range $98.77 - $121.67

Q3 2018

Shares 228,597 Value ($000) $32,260 Avg Close $117.42 Range $111.99 - $124.25

Q2 2018

Shares 226,997 Value ($000) $31,448 Avg Close $122.64 Range $114.08 - $132.71

Q1 2018

Shares 90,497 Value ($000) $14,177 Avg Close $136.85 Range $126.80 - $147.59

Q4 2017

Shares 90,397 Value ($000) $15,083 Avg Close $130.85 Range $121.38 - $139.21

Q3 2017

Shares 93,997 Value ($000) $13,908 Avg Close $116.05 Range $110.22 - $121.46

Q2 2017

Shares 102,197 Value ($000) $14,640 Avg Close $113.32 Range $105.74 - $122.08

Q1 2017

Shares 102,497 Value ($000) $13,578 Avg Close $104.58 Range $97.05 - $109.96

Q4 2016

Shares 103,297 Value ($000) $12,650 Avg Close $97.16 Range $89.66 - $102.92

Q3 2016

Shares 111,513 Value ($000) $13,364 Avg Close $92.87 Range $82.44 - $98.77

Q2 2016

Shares 112,313 Value ($000) $11,699 Avg Close $83.28 Range $78.19 - $87.12

Q1 2016

Shares 112,713 Value ($000) $11,546 Avg Close $73.25 Range $62.61 - $81.90

Q4 2015

Shares 111,913 Value ($000) $10,372 Avg Close $71.40 Range $63.03 - $74.70

Q3 2015

Shares 119,213 Value ($000) $9,812 Avg Close $68.35 Range $61.54 - $73.68

Q2 2015

Shares 131,213 Value ($000) $12,044 Avg Close $73.98 Range $71.31 - $77.64

Q1 2015

Shares 156,796 Value ($000) $15,231 Avg Close $74.54 Range $69.91 - $77.42

Q4 2014

Shares 170,196 Value ($000) $16,118 Avg Close $70.08 Range $60.82 - $75.22

Q3 2014

Shares 222,395 Value ($000) $18,775 Avg Close $66.18 Range $62.50 - $68.52

Q2 2014

Shares 228,395 Value ($000) $19,998 Avg Close $65.43 Range $61.51 - $68.13

Q1 2014

Shares 232,395 Value ($000) $18,901 Avg Close $61.28 Range $57.74 - $63.70

Q4 2013

Shares 238,895 Value ($000) $20,086 Avg Close $59.45 Range $55.46 - $63.85

Q3 2013

Shares 240,495 Value ($000) $18,343 Avg Close $54.78 Range $51.08 - $58.87

Q2 2013

Shares 241,195 Value ($000) $16,683 Avg Close $49.85 Range $44.73 - $53.46

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	77,536	$19,097	$247.57	$237.29 - $261.06
Q3 2025	79,336	$20,688	$257.33	$242.11 - $267.35
Q2 2025	80,136	$19,814	$237.16	$210.69 - $248.54
Q1 2025	79,436	$19,701	$250.69	$236.75 - $271.32
Q4 2024	79,836	$20,243	$257.33	$244.78 - $270.69
Q3 2024	80,236	$21,027	$237.29	$224.45 - $258.13
Q2 2024	81,036	$19,202	$236.81	$223.33 - $257.46
Q1 2024	81,336	$21,825	$247.64	$237.66 - $258.55
Q4 2023	81,836	$21,436	$227.33	$206.29 - $251.34
Q3 2023	82,236	$18,940	$230.07	$215.30 - $249.06
Q2 2023	84,636	$21,173	$219.64	$203.55 - $237.00
Q1 2023	89,336	$21,749	$217.67	$203.17 - $236.30
Q4 2022	89,136	$19,637	$197.50	$167.30 - $214.80
Q3 2022	86,936	$15,705	$181.67	$159.75 - $200.62
Q2 2022	87,136	$15,881	$182.99	$162.17 - $195.56
Q1 2022	85,436	$17,890	$203.67	$184.43 - $227.18
Q4 2021	85,387	$21,074	$210.30	$184.61 - $225.16
Q3 2021	77,843	$16,085	$202.90	$186.93 - $211.96
Q2 2021	78,143	$17,470	$205.01	$194.69 - $216.70
Q1 2021	78,443	$17,377	$184.98	$171.80 - $203.76
Q4 2020	78,543	$16,013	$181.01	$166.62 - $198.99
Q3 2020	84,443	$16,315	$167.30	$151.59 - $178.89
Q2 2020	73,443	$12,842	$142.90	$116.56 - $161.60
Q1 2020	66,997	$9,522	$147.58	$100.67 - $165.72
Q4 2019	70,697	$12,699	$146.29	$126.07 - $157.39
Q3 2019	268,197	$41,970	$130.19	$122.69 - $138.62
Q2 2019	269,197	$40,598	$128.58	$116.59 - $135.13
Q1 2019	284,397	$40,820	$117.01	$103.65 - $124.26
Q4 2018	284,797	$36,081	$110.50	$98.77 - $121.67
Q3 2018	228,597	$32,260	$117.42	$111.99 - $124.25
Q2 2018	226,997	$31,448	$122.64	$114.08 - $132.71
Q1 2018	90,497	$14,177	$136.85	$126.80 - $147.59
Q4 2017	90,397	$15,083	$130.85	$121.38 - $139.21
Q3 2017	93,997	$13,908	$116.05	$110.22 - $121.46
Q2 2017	102,197	$14,640	$113.32	$105.74 - $122.08
Q1 2017	102,497	$13,578	$104.58	$97.05 - $109.96
Q4 2016	103,297	$12,650	$97.16	$89.66 - $102.92
Q3 2016	111,513	$13,364	$92.87	$82.44 - $98.77
Q2 2016	112,313	$11,699	$83.28	$78.19 - $87.12
Q1 2016	112,713	$11,546	$73.25	$62.61 - $81.90
Q4 2015	111,913	$10,372	$71.40	$63.03 - $74.70
Q3 2015	119,213	$9,812	$68.35	$61.54 - $73.68
Q2 2015	131,213	$12,044	$73.98	$71.31 - $77.64
Q1 2015	156,796	$15,231	$74.54	$69.91 - $77.42
Q4 2014	170,196	$16,118	$70.08	$60.82 - $75.22
Q3 2014	222,395	$18,775	$66.18	$62.50 - $68.52
Q2 2014	228,395	$19,998	$65.43	$61.51 - $68.13
Q1 2014	232,395	$18,901	$61.28	$57.74 - $63.70
Q4 2013	238,895	$20,086	$59.45	$55.46 - $63.85
Q3 2013	240,495	$18,343	$54.78	$51.08 - $58.87
Q2 2013	241,195	$16,683	$49.85	$44.73 - $53.46