INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

TEACHER RETIREMENT SYSTEM OF TEXAS's Holding History (CIK: 0000796848)

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

Q4 2025

Shares 312,259 Value ($000) $92,494 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 264,978 Value ($000) $74,766 Avg Close $259.55 Range $232.08 - $292.01

Q2 2025

Shares 290,427 Value ($000) $85,612 Avg Close $253.82 Range $210.49 - $292.56

Q1 2025

Shares 343,611 Value ($000) $85,442 Avg Close $239.40 Range $209.20 - $261.47

Q4 2024

Shares 385,908 Value ($000) $85 Avg Close $216.31 Range $196.83 - $233.32

Q3 2024

Shares 364,340 Value ($000) $81 Avg Close $188.97 Range $166.24 - $216.80

Q2 2024

Shares 410,931 Value ($000) $71 Avg Close $165.85 Range $154.39 - $183.50

Q1 2024

Shares 338,302 Value ($000) $65 Avg Close $172.56 Range $148.54 - $189.10

Q4 2023

Shares 259,758 Value ($000) $42 Avg Close $141.50 Range $126.39 - $156.49

Q3 2023

Shares 233,057 Value ($000) $33 Avg Close $131.75 Range $120.98 - $141.33

Q2 2023

Shares 226,823 Value ($000) $30 Avg Close $118.05 Range $110.47 - $128.27

Q1 2023

Shares 251,375 Value ($000) $33 Avg Close $120.73 Range $110.43 - $131.92

Q4 2022

Shares 270,046 Value ($000) $38 Avg Close $123.05 Range $102.35 - $137.32

Q3 2022

Shares 288,719 Value ($000) $34,303 Avg Close $115.64 Range $105.06 - $124.09

Q2 2022

Shares 240,250 Value ($000) $33,921 Avg Close $117.50 Range $107.95 - $126.60

Q1 2022

Shares 237,648 Value ($000) $30,899 Avg Close $112.10 Range $102.68 - $121.43

Q4 2021

Shares 213,951 Value ($000) $28,597 Avg Close $106.49 Range $97.83 - $117.62

Q3 2021

Shares 215,747 Value ($000) $29,974 Avg Close $112.12 Range $106.97 - $117.48

Q2 2021

Shares 227,259 Value ($000) $33,314 Avg Close $113.44 Range $102.70 - $121.73

Q1 2021

Shares 115,090 Value ($000) $15,337 Avg Close $98.07 Range $91.22 - $107.97

Q4 2020

Shares 142,981 Value ($000) $17,998 Avg Close $93.41 Range $81.15 - $103.82

Q3 2020

Shares 95,957 Value ($000) $11,675 Avg Close $93.86 Range $87.12 - $99.96

Q2 2020

Shares 63,629 Value ($000) $7,684 Avg Close $91.40 Range $78.00 - $102.76

Q1 2020

Shares 43,480 Value ($000) $4,823 Avg Close $98.28 Range $67.58 - $117.24

Q4 2019

Shares 44,670 Value ($000) $5,988 Avg Close $99.90 Range $95.55 - $107.55

Q3 2019

Shares 51,688 Value ($000) $7,516 Avg Close $102.47 Range $94.04 - $110.34

Q2 2019

Shares 56,356 Value ($000) $7,771 Avg Close $98.62 Range $91.51 - $103.66

Q1 2019

Shares 64,686 Value ($000) $9,127 Avg Close $94.64 Range $78.71 - $101.33

Q4 2018

Shares 68,297 Value ($000) $7,763 Avg Close $87.95 Range $74.66 - $107.42

Q3 2018

Shares 172,216 Value ($000) $26,041 Avg Close $101.25 Range $95.14 - $106.71

Q2 2018

Shares 426,808 Value ($000) $59,625 Avg Close $99.95 Range $94.63 - $110.30

Q1 2018

Shares 426,863 Value ($000) $65,494 Avg Close $107.30 Range $98.32 - $115.38

Q4 2017

Shares 396,396 Value ($000) $60,815 Avg Close $102.11 Range $96.94 - $108.49

Q3 2017

Shares 481,970 Value ($000) $69,924 Avg Close $96.87 Range $92.88 - $103.07

Q2 2017

Shares 357,127 Value ($000) $54,937 Avg Close $103.77 Range $98.95 - $115.36

Q1 2017

Shares 357,714 Value ($000) $62,292 Avg Close $114.39 Range $107.32 - $119.58

Q4 2016

Shares 217,461 Value ($000) $36,096 Avg Close $103.05 Range $95.06 - $110.31

Q3 2016

Shares 248,732 Value ($000) $39,511 Avg Close $101.76 Range $95.61 - $106.13

Q2 2016

Shares 354,606 Value ($000) $53,822 Avg Close $95.13 Range $90.08 - $99.15

Q1 2016

Shares 334,116 Value ($000) $50,602 Avg Close $84.07 Range $73.78 - $96.70

Q4 2015

Shares 539,940 Value ($000) $74,307 Avg Close $87.52 Range $82.31 - $94.87

Q3 2015

Shares 316,455 Value ($000) $45,876 Avg Close $95.35 Range $87.10 - $106.76

Q2 2015

Shares 507,436 Value ($000) $82,540 Avg Close $102.99 Range $96.57 - $107.49

Q1 2015

Shares 621,243 Value ($000) $99,710 Avg Close $96.47 Range $90.53 - $100.82

Q4 2014

Shares 621,162 Value ($000) $99,659 Avg Close $100.47 Range $91.12 - $114.79

Q3 2014

Shares 633,674 Value ($000) $120,290 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 620,628 Value ($000) $112,501 Avg Close $112.28 Range $107.17 - $118.40

Q1 2014

Shares 766,994 Value ($000) $147,639 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 1,170,778 Value ($000) $219,603 Avg Close $106.40 Range $101.46 - $111.01

Q3 2013

Shares 679,403 Value ($000) $125,812 Avg Close $111.55 Range $106.48 - $117.56

Q2 2013

Shares 574,102 Value ($000) $109,717 Avg Close $118.94 Range $109.29 - $125.13

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	312,259	$92,494	$298.78	$262.11 - $324.90
Q3 2025	264,978	$74,766	$259.55	$232.08 - $292.01
Q2 2025	290,427	$85,612	$253.82	$210.49 - $292.56
Q1 2025	343,611	$85,442	$239.40	$209.20 - $261.47
Q4 2024	385,908	$85	$216.31	$196.83 - $233.32
Q3 2024	364,340	$81	$188.97	$166.24 - $216.80
Q2 2024	410,931	$71	$165.85	$154.39 - $183.50
Q1 2024	338,302	$65	$172.56	$148.54 - $189.10
Q4 2023	259,758	$42	$141.50	$126.39 - $156.49
Q3 2023	233,057	$33	$131.75	$120.98 - $141.33
Q2 2023	226,823	$30	$118.05	$110.47 - $128.27
Q1 2023	251,375	$33	$120.73	$110.43 - $131.92
Q4 2022	270,046	$38	$123.05	$102.35 - $137.32
Q3 2022	288,719	$34,303	$115.64	$105.06 - $124.09
Q2 2022	240,250	$33,921	$117.50	$107.95 - $126.60
Q1 2022	237,648	$30,899	$112.10	$102.68 - $121.43
Q4 2021	213,951	$28,597	$106.49	$97.83 - $117.62
Q3 2021	215,747	$29,974	$112.12	$106.97 - $117.48
Q2 2021	227,259	$33,314	$113.44	$102.70 - $121.73
Q1 2021	115,090	$15,337	$98.07	$91.22 - $107.97
Q4 2020	142,981	$17,998	$93.41	$81.15 - $103.82
Q3 2020	95,957	$11,675	$93.86	$87.12 - $99.96
Q2 2020	63,629	$7,684	$91.40	$78.00 - $102.76
Q1 2020	43,480	$4,823	$98.28	$67.58 - $117.24
Q4 2019	44,670	$5,988	$99.90	$95.55 - $107.55
Q3 2019	51,688	$7,516	$102.47	$94.04 - $110.34
Q2 2019	56,356	$7,771	$98.62	$91.51 - $103.66
Q1 2019	64,686	$9,127	$94.64	$78.71 - $101.33
Q4 2018	68,297	$7,763	$87.95	$74.66 - $107.42
Q3 2018	172,216	$26,041	$101.25	$95.14 - $106.71
Q2 2018	426,808	$59,625	$99.95	$94.63 - $110.30
Q1 2018	426,863	$65,494	$107.30	$98.32 - $115.38
Q4 2017	396,396	$60,815	$102.11	$96.94 - $108.49
Q3 2017	481,970	$69,924	$96.87	$92.88 - $103.07
Q2 2017	357,127	$54,937	$103.77	$98.95 - $115.36
Q1 2017	357,714	$62,292	$114.39	$107.32 - $119.58
Q4 2016	217,461	$36,096	$103.05	$95.06 - $110.31
Q3 2016	248,732	$39,511	$101.76	$95.61 - $106.13
Q2 2016	354,606	$53,822	$95.13	$90.08 - $99.15
Q1 2016	334,116	$50,602	$84.07	$73.78 - $96.70
Q4 2015	539,940	$74,307	$87.52	$82.31 - $94.87
Q3 2015	316,455	$45,876	$95.35	$87.10 - $106.76
Q2 2015	507,436	$82,540	$102.99	$96.57 - $107.49
Q1 2015	621,243	$99,710	$96.47	$90.53 - $100.82
Q4 2014	621,162	$99,659	$100.47	$91.12 - $114.79
Q3 2014	633,674	$120,290	$114.33	$108.62 - $117.41
Q2 2014	620,628	$112,501	$112.28	$107.17 - $118.40
Q1 2014	766,994	$147,639	$109.22	$101.79 - $116.27
Q4 2013	1,170,778	$219,603	$106.40	$101.46 - $111.01
Q3 2013	679,403	$125,812	$111.55	$106.48 - $117.56
Q2 2013	574,102	$109,717	$118.94	$109.29 - $125.13