INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

STATE OF WISCONSIN INVESTMENT BOARD's Holding History (CIK: 0000854157)

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

Q4 2025

Shares 489,341 Value ($000) $144,948 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 503,395 Value ($000) $142,038 Avg Close $259.55 Range $232.08 - $292.01

Q2 2025

Shares 513,766 Value ($000) $151,448 Avg Close $253.82 Range $210.49 - $292.56

Q1 2025

Shares 535,322 Value ($000) $133,113 Avg Close $239.40 Range $209.20 - $261.47

Q4 2024

Shares 535,084 Value ($000) $117,628 Avg Close $216.31 Range $196.83 - $233.32

Q3 2024

Shares 541,488 Value ($000) $119,712 Avg Close $188.97 Range $166.24 - $216.80

Q2 2024

Shares 510,680 Value ($000) $88,322 Avg Close $165.85 Range $154.39 - $183.50

Q1 2024

Shares 512,019 Value ($000) $97,775 Avg Close $172.56 Range $148.54 - $189.10

Q4 2023

Shares 499,122 Value ($000) $81,631 Avg Close $141.50 Range $126.39 - $156.49

Q3 2023

Shares 496,984 Value ($000) $69,727 Avg Close $131.75 Range $120.98 - $141.33

Q2 2023

Shares 472,381 Value ($000) $63,209 Avg Close $118.05 Range $110.47 - $128.27

Q1 2023

Shares 479,277 Value ($000) $62,828 Avg Close $120.73 Range $110.43 - $131.92

Q4 2022

Shares 460,003 Value ($000) $64,810 Avg Close $123.05 Range $102.35 - $137.32

Q3 2022

Shares 506,723 Value ($000) $60,204 Avg Close $115.64 Range $105.06 - $124.09

Q2 2022

Shares 613,797 Value ($000) $86,662 Avg Close $117.50 Range $107.95 - $126.60

Q1 2022

Shares 634,872 Value ($000) $82,546 Avg Close $112.10 Range $102.68 - $121.43

Q4 2021

Shares 722,355 Value ($000) $96,550 Avg Close $106.49 Range $97.83 - $117.62

Q3 2021

Shares 671,513 Value ($000) $93,293 Avg Close $112.12 Range $106.97 - $117.48

Q2 2021

Shares 647,634 Value ($000) $94,937 Avg Close $113.44 Range $102.70 - $121.73

Q1 2021

Shares 456,247 Value ($000) $60,799 Avg Close $98.07 Range $91.22 - $107.97

Q4 2020

Shares 462,848 Value ($000) $58,263 Avg Close $93.41 Range $81.15 - $103.82

Q3 2020

Shares 594,562 Value ($000) $72,340 Avg Close $93.86 Range $87.12 - $99.96

Q2 2020

Shares 610,302 Value ($000) $73,706 Avg Close $91.40 Range $78.00 - $102.76

Q1 2020

Shares 639,951 Value ($000) $70,990 Avg Close $98.28 Range $67.58 - $117.24

Q4 2019

Shares 808,619 Value ($000) $108,387 Avg Close $99.90 Range $95.55 - $107.55

Q3 2019

Shares 703,430 Value ($000) $102,293 Avg Close $102.47 Range $94.04 - $110.34

Q2 2019

Shares 840,418 Value ($000) $115,894 Avg Close $98.62 Range $91.51 - $103.66

Q1 2019

Shares 996,154 Value ($000) $140,557 Avg Close $94.64 Range $78.71 - $101.33

Q4 2018

Shares 1,003,039 Value ($000) $114,015 Avg Close $87.95 Range $74.66 - $107.42

Q3 2018

Shares 1,009,609 Value ($000) $152,663 Avg Close $101.25 Range $95.14 - $106.71

Q2 2018

Shares 1,071,988 Value ($000) $149,757 Avg Close $99.95 Range $94.63 - $110.30

Q1 2018

Shares 1,053,972 Value ($000) $161,711 Avg Close $107.30 Range $98.32 - $115.38

Q4 2017

Shares 967,023 Value ($000) $148,361 Avg Close $102.11 Range $96.94 - $108.49

Q3 2017

Shares 950,263 Value ($000) $137,864 Avg Close $96.87 Range $92.88 - $103.07

Q2 2017

Shares 908,443 Value ($000) $139,746 Avg Close $103.77 Range $98.95 - $115.36

Q1 2017

Shares 909,497 Value ($000) $158,380 Avg Close $114.39 Range $107.32 - $119.58

Q4 2016

Shares 875,833 Value ($000) $145,379 Avg Close $103.05 Range $95.06 - $110.31

Q3 2016

Shares 835,616 Value ($000) $132,738 Avg Close $101.76 Range $95.61 - $106.13

Q2 2016

Shares 1,037,416 Value ($000) $157,459 Avg Close $95.13 Range $90.08 - $99.15

Q1 2016

Shares 1,101,716 Value ($000) $166,855 Avg Close $84.07 Range $73.78 - $96.70

Q4 2015

Shares 972,006 Value ($000) $133,767 Avg Close $87.52 Range $82.31 - $94.87

Q3 2015

Shares 941,376 Value ($000) $136,471 Avg Close $95.35 Range $87.10 - $106.76

Q2 2015

Shares 1,037,216 Value ($000) $168,714 Avg Close $102.99 Range $96.57 - $107.49

Q1 2015

Shares 972,856 Value ($000) $156,143 Avg Close $96.47 Range $90.53 - $100.82

Q4 2014

Shares 989,716 Value ($000) $158,790 Avg Close $100.47 Range $91.12 - $114.79

Q3 2014

Shares 942,656 Value ($000) $178,944 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 959,976 Value ($000) $174,015 Avg Close $112.28 Range $107.17 - $118.40

Q1 2014

Shares 953,086 Value ($000) $183,460 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 993,446 Value ($000) $186,341 Avg Close $106.40 Range $101.46 - $111.01

Q3 2013

Shares 1,145,686 Value ($000) $212,158 Avg Close $111.55 Range $106.48 - $117.56

Q2 2013

Shares 1,133,766 Value ($000) $216,674 Avg Close $118.94 Range $109.29 - $125.13

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	489,341	$144,948	$298.78	$262.11 - $324.90
Q3 2025	503,395	$142,038	$259.55	$232.08 - $292.01
Q2 2025	513,766	$151,448	$253.82	$210.49 - $292.56
Q1 2025	535,322	$133,113	$239.40	$209.20 - $261.47
Q4 2024	535,084	$117,628	$216.31	$196.83 - $233.32
Q3 2024	541,488	$119,712	$188.97	$166.24 - $216.80
Q2 2024	510,680	$88,322	$165.85	$154.39 - $183.50
Q1 2024	512,019	$97,775	$172.56	$148.54 - $189.10
Q4 2023	499,122	$81,631	$141.50	$126.39 - $156.49
Q3 2023	496,984	$69,727	$131.75	$120.98 - $141.33
Q2 2023	472,381	$63,209	$118.05	$110.47 - $128.27
Q1 2023	479,277	$62,828	$120.73	$110.43 - $131.92
Q4 2022	460,003	$64,810	$123.05	$102.35 - $137.32
Q3 2022	506,723	$60,204	$115.64	$105.06 - $124.09
Q2 2022	613,797	$86,662	$117.50	$107.95 - $126.60
Q1 2022	634,872	$82,546	$112.10	$102.68 - $121.43
Q4 2021	722,355	$96,550	$106.49	$97.83 - $117.62
Q3 2021	671,513	$93,293	$112.12	$106.97 - $117.48
Q2 2021	647,634	$94,937	$113.44	$102.70 - $121.73
Q1 2021	456,247	$60,799	$98.07	$91.22 - $107.97
Q4 2020	462,848	$58,263	$93.41	$81.15 - $103.82
Q3 2020	594,562	$72,340	$93.86	$87.12 - $99.96
Q2 2020	610,302	$73,706	$91.40	$78.00 - $102.76
Q1 2020	639,951	$70,990	$98.28	$67.58 - $117.24
Q4 2019	808,619	$108,387	$99.90	$95.55 - $107.55
Q3 2019	703,430	$102,293	$102.47	$94.04 - $110.34
Q2 2019	840,418	$115,894	$98.62	$91.51 - $103.66
Q1 2019	996,154	$140,557	$94.64	$78.71 - $101.33
Q4 2018	1,003,039	$114,015	$87.95	$74.66 - $107.42
Q3 2018	1,009,609	$152,663	$101.25	$95.14 - $106.71
Q2 2018	1,071,988	$149,757	$99.95	$94.63 - $110.30
Q1 2018	1,053,972	$161,711	$107.30	$98.32 - $115.38
Q4 2017	967,023	$148,361	$102.11	$96.94 - $108.49
Q3 2017	950,263	$137,864	$96.87	$92.88 - $103.07
Q2 2017	908,443	$139,746	$103.77	$98.95 - $115.36
Q1 2017	909,497	$158,380	$114.39	$107.32 - $119.58
Q4 2016	875,833	$145,379	$103.05	$95.06 - $110.31
Q3 2016	835,616	$132,738	$101.76	$95.61 - $106.13
Q2 2016	1,037,416	$157,459	$95.13	$90.08 - $99.15
Q1 2016	1,101,716	$166,855	$84.07	$73.78 - $96.70
Q4 2015	972,006	$133,767	$87.52	$82.31 - $94.87
Q3 2015	941,376	$136,471	$95.35	$87.10 - $106.76
Q2 2015	1,037,216	$168,714	$102.99	$96.57 - $107.49
Q1 2015	972,856	$156,143	$96.47	$90.53 - $100.82
Q4 2014	989,716	$158,790	$100.47	$91.12 - $114.79
Q3 2014	942,656	$178,944	$114.33	$108.62 - $117.41
Q2 2014	959,976	$174,015	$112.28	$107.17 - $118.40
Q1 2014	953,086	$183,460	$109.22	$101.79 - $116.27
Q4 2013	993,446	$186,341	$106.40	$101.46 - $111.01
Q3 2013	1,145,686	$212,158	$111.55	$106.48 - $117.56
Q2 2013	1,133,766	$216,674	$118.94	$109.29 - $125.13