INTERCONTINENTAL EXCHANGE IN

Ticker: ICE CUSIP: 45866F104 Class: COM

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

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

Q4 2025

Shares 232,842 Value ($000) $37,711 Avg Close $156.20 Range $142.74 - $166.71

Q3 2025

Shares 238,442 Value ($000) $40,173 Avg Close $177.73 Range $164.96 - $188.26

Q2 2025

Shares 239,542 Value ($000) $43,949 Avg Close $170.47 Range $146.00 - $182.70

Q1 2025

Shares 239,442 Value ($000) $41,304 Avg Close $162.09 Range $140.70 - $175.96

Q4 2024

Shares 239,442 Value ($000) $35,679 Avg Close $156.24 Range $146.34 - $165.63

Q3 2024

Shares 259,842 Value ($000) $41,741 Avg Close $151.68 Range $133.96 - $160.97

Q2 2024

Shares 260,542 Value ($000) $35,666 Avg Close $131.74 Range $121.85 - $137.20

Q1 2024

Shares 260,442 Value ($000) $35,793 Avg Close $129.80 Range $121.47 - $137.16

Q4 2023

Shares 260,242 Value ($000) $33,423 Avg Close $110.43 Range $101.70 - $126.15

Q3 2023

Shares 260,442 Value ($000) $28,654 Avg Close $111.18 Range $104.06 - $115.20

Q2 2023

Shares 257,442 Value ($000) $29,112 Avg Close $104.69 Range $100.28 - $110.66

Q1 2023

Shares 256,942 Value ($000) $26,796 Avg Close $100.24 Range $90.57 - $107.04

Q4 2022

Shares 255,342 Value ($000) $26,196 Avg Close $95.52 Range $84.92 - $105.40

Q3 2022

Shares 254,642 Value ($000) $23,007 Avg Close $95.80 Range $86.56 - $107.96

Q2 2022

Shares 254,142 Value ($000) $23,900 Avg Close $101.74 Range $85.98 - $126.98

Q1 2022

Shares 229,442 Value ($000) $30,314 Avg Close $122.58 Range $114.34 - $130.67

Q4 2021

Shares 205,510 Value ($000) $28,108 Avg Close $125.37 Range $107.74 - $132.23

Q3 2021

Shares 141,410 Value ($000) $16,237 Avg Close $112.02 Range $107.56 - $115.48

Q2 2021

Shares 141,510 Value ($000) $16,797 Avg Close $108.32 Range $102.56 - $114.72

Q1 2021

Shares 141,010 Value ($000) $15,748 Avg Close $106.46 Range $102.18 - $111.63

Q4 2020

Shares 141,110 Value ($000) $16,269 Avg Close $97.11 Range $86.43 - $108.23

Q3 2020

Shares 143,210 Value ($000) $14,328 Avg Close $91.98 Range $84.71 - $99.77

Q2 2020

Shares 139,710 Value ($000) $12,797 Avg Close $85.14 Range $71.73 - $91.54

Q1 2020

Shares 127,700 Value ($000) $10,312 Avg Close $83.97 Range $59.03 - $94.40

Q4 2019

Shares 134,700 Value ($000) $12,466 Avg Close $85.74 Range $82.26 - $88.23

Q3 2019

Shares 134,700 Value ($000) $12,429 Avg Close $84.08 Range $78.90 - $87.96

Q2 2019

Shares 135,000 Value ($000) $11,602 Avg Close $74.98 Range $70.18 - $80.32

Q1 2019

Shares 163,800 Value ($000) $12,472 Avg Close $68.54 Range $65.09 - $73.22

Q4 2018

Shares 163,100 Value ($000) $12,286 Avg Close $69.88 Range $63.71 - $75.32

Q3 2018

Shares 170,900 Value ($000) $12,799 Avg Close $68.35 Range $65.47 - $71.47

Q2 2018

Shares 171,500 Value ($000) $12,614 Avg Close $65.99 Range $61.31 - $69.45

Q1 2018

Shares 171,400 Value ($000) $12,430 Avg Close $66.03 Range $60.41 - $68.88

Q4 2017

Shares 171,500 Value ($000) $12,101 Avg Close $61.83 Range $58.43 - $65.71

Q3 2017

Shares 178,600 Value ($000) $12,270 Avg Close $59.17 Range $56.74 - $62.01

Q2 2017

Shares 194,600 Value ($000) $12,828 Avg Close $54.91 Range $51.81 - $59.89

Q1 2017

Shares 195,700 Value ($000) $11,717 Avg Close $52.22 Range $49.76 - $55.45

Q4 2016

Shares 194,800 Value ($000) $10,991 Avg Close $49.27 Range $46.48 - $53.34

Q3 2016

Shares 41,576 Value ($000) $11,199 Avg Close $48.41 Range $44.48 - $50.89

Q2 2016

Shares 41,376 Value ($000) $10,591 Avg Close $44.62 Range $40.54 - $48.06

Q1 2016

Shares 40,976 Value ($000) $9,635 Avg Close $42.86 Range $40.01 - $47.35

Q4 2015

Shares 40,576 Value ($000) $10,398 Avg Close $44.17 Range $39.44 - $46.83

Q3 2015

Shares 39,976 Value ($000) $9,394 Avg Close $40.52 Range $38.55 - $43.12

Q2 2015

Shares 43,376 Value ($000) $9,699 Avg Close $40.49 Range $38.58 - $42.38

Q1 2015

Shares 43,176 Value ($000) $10,072 Avg Close $39.23 Range $35.18 - $41.76

Q4 2014

Shares 46,376 Value ($000) $10,170 Avg Close $37.19 Range $33.55 - $39.68

Q3 2014

Shares 46,476 Value ($000) $9,065 Avg Close $33.15 Range $31.53 - $35.58

Q2 2014

Shares 47,176 Value ($000) $8,912 Avg Close $33.59 Range $32.10 - $35.66

Q1 2014

Shares 46,876 Value ($000) $9,273 Avg Close $36.26 Range $33.65 - $39.41

Q4 2013

Shares 46,776 Value ($000) $10,521 Avg Close $35.28 Range $30.67 - $38.99

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	232,842	$37,711	$156.20	$142.74 - $166.71
Q3 2025	238,442	$40,173	$177.73	$164.96 - $188.26
Q2 2025	239,542	$43,949	$170.47	$146.00 - $182.70
Q1 2025	239,442	$41,304	$162.09	$140.70 - $175.96
Q4 2024	239,442	$35,679	$156.24	$146.34 - $165.63
Q3 2024	259,842	$41,741	$151.68	$133.96 - $160.97
Q2 2024	260,542	$35,666	$131.74	$121.85 - $137.20
Q1 2024	260,442	$35,793	$129.80	$121.47 - $137.16
Q4 2023	260,242	$33,423	$110.43	$101.70 - $126.15
Q3 2023	260,442	$28,654	$111.18	$104.06 - $115.20
Q2 2023	257,442	$29,112	$104.69	$100.28 - $110.66
Q1 2023	256,942	$26,796	$100.24	$90.57 - $107.04
Q4 2022	255,342	$26,196	$95.52	$84.92 - $105.40
Q3 2022	254,642	$23,007	$95.80	$86.56 - $107.96
Q2 2022	254,142	$23,900	$101.74	$85.98 - $126.98
Q1 2022	229,442	$30,314	$122.58	$114.34 - $130.67
Q4 2021	205,510	$28,108	$125.37	$107.74 - $132.23
Q3 2021	141,410	$16,237	$112.02	$107.56 - $115.48
Q2 2021	141,510	$16,797	$108.32	$102.56 - $114.72
Q1 2021	141,010	$15,748	$106.46	$102.18 - $111.63
Q4 2020	141,110	$16,269	$97.11	$86.43 - $108.23
Q3 2020	143,210	$14,328	$91.98	$84.71 - $99.77
Q2 2020	139,710	$12,797	$85.14	$71.73 - $91.54
Q1 2020	127,700	$10,312	$83.97	$59.03 - $94.40
Q4 2019	134,700	$12,466	$85.74	$82.26 - $88.23
Q3 2019	134,700	$12,429	$84.08	$78.90 - $87.96
Q2 2019	135,000	$11,602	$74.98	$70.18 - $80.32
Q1 2019	163,800	$12,472	$68.54	$65.09 - $73.22
Q4 2018	163,100	$12,286	$69.88	$63.71 - $75.32
Q3 2018	170,900	$12,799	$68.35	$65.47 - $71.47
Q2 2018	171,500	$12,614	$65.99	$61.31 - $69.45
Q1 2018	171,400	$12,430	$66.03	$60.41 - $68.88
Q4 2017	171,500	$12,101	$61.83	$58.43 - $65.71
Q3 2017	178,600	$12,270	$59.17	$56.74 - $62.01
Q2 2017	194,600	$12,828	$54.91	$51.81 - $59.89
Q1 2017	195,700	$11,717	$52.22	$49.76 - $55.45
Q4 2016	194,800	$10,991	$49.27	$46.48 - $53.34
Q3 2016	41,576	$11,199	$48.41	$44.48 - $50.89
Q2 2016	41,376	$10,591	$44.62	$40.54 - $48.06
Q1 2016	40,976	$9,635	$42.86	$40.01 - $47.35
Q4 2015	40,576	$10,398	$44.17	$39.44 - $46.83
Q3 2015	39,976	$9,394	$40.52	$38.55 - $43.12
Q2 2015	43,376	$9,699	$40.49	$38.58 - $42.38
Q1 2015	43,176	$10,072	$39.23	$35.18 - $41.76
Q4 2014	46,376	$10,170	$37.19	$33.55 - $39.68
Q3 2014	46,476	$9,065	$33.15	$31.53 - $35.58
Q2 2014	47,176	$8,912	$33.59	$32.10 - $35.66
Q1 2014	46,876	$9,273	$36.26	$33.65 - $39.41
Q4 2013	46,776	$10,521	$35.28	$30.67 - $38.99