INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

ADAGE CAPITAL PARTNERS GP, L.L.C.'s Holding History (CIK: 0001165408)

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

Q4 2025

Shares 883,890 Value ($000) $261,817 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 917,142 Value ($000) $258,781 Avg Close $259.55 Range $232.08 - $292.01

Q2 2025

Shares 981,190 Value ($000) $289,235 Avg Close $253.82 Range $210.49 - $292.56

Q1 2025

Shares 893,190 Value ($000) $222,101 Avg Close $239.40 Range $209.20 - $261.47

Q4 2024

Shares 934,490 Value ($000) $205,429 Avg Close $216.31 Range $196.83 - $233.32

Q3 2024

Shares 1,078,290 Value ($000) $238,388 Avg Close $188.97 Range $166.24 - $216.80

Q2 2024

Shares 876,190 Value ($000) $151,537 Avg Close $165.85 Range $154.39 - $183.50

Q1 2024

Shares 898,190 Value ($000) $171,518 Avg Close $172.56 Range $148.54 - $189.10

Q4 2023

Shares 1,001,990 Value ($000) $163,875 Avg Close $141.50 Range $126.39 - $156.49

Q3 2023

Shares 895,790 Value ($000) $125,679 Avg Close $131.75 Range $120.98 - $141.33

Q2 2023

Shares 819,690 Value ($000) $109,683 Avg Close $118.05 Range $110.47 - $128.27

Q1 2023

Shares 680,290 Value ($000) $89,179 Avg Close $120.73 Range $110.43 - $131.92

Q4 2022

Shares 919,590 Value ($000) $129,561 Avg Close $123.05 Range $102.35 - $137.32

Q3 2022

Shares 720,190 Value ($000) $85,566 Avg Close $115.64 Range $105.06 - $124.09

Q2 2022

Shares 1,186,690 Value ($000) $167,549 Avg Close $117.50 Range $107.95 - $126.60

Q1 2022

Shares 871,490 Value ($000) $113,311 Avg Close $112.10 Range $102.68 - $121.43

Q4 2021

Shares 920,590 Value ($000) $123,046 Avg Close $106.49 Range $97.83 - $117.62

Q3 2021

Shares 955,190 Value ($000) $132,705 Avg Close $112.12 Range $106.97 - $117.48

Q2 2021

Shares 948,990 Value ($000) $139,112 Avg Close $113.44 Range $102.70 - $121.73

Q1 2021

Shares 759,890 Value ($000) $101,263 Avg Close $98.07 Range $91.22 - $107.97

Q4 2020

Shares 713,590 Value ($000) $89,827 Avg Close $93.41 Range $81.15 - $103.82

Q3 2020

Shares 766,190 Value ($000) $93,222 Avg Close $93.86 Range $87.12 - $99.96

Q2 2020

Shares 786,590 Value ($000) $94,996 Avg Close $91.40 Range $78.00 - $102.76

Q1 2020

Shares 1,012,590 Value ($000) $112,327 Avg Close $98.28 Range $67.58 - $117.24

Q4 2019

Shares 856,990 Value ($000) $114,871 Avg Close $99.90 Range $95.55 - $107.55

Q3 2019

Shares 1,080,990 Value ($000) $157,198 Avg Close $102.47 Range $94.04 - $110.34

Q2 2019

Shares 797,690 Value ($000) $110,001 Avg Close $98.62 Range $91.51 - $103.66

Q1 2019

Shares 1,238,390 Value ($000) $174,737 Avg Close $94.64 Range $78.71 - $101.33

Q4 2018

Shares 1,013,690 Value ($000) $115,226 Avg Close $87.95 Range $74.66 - $107.42

Q3 2018

Shares 1,038,790 Value ($000) $157,075 Avg Close $101.25 Range $95.14 - $106.71

Q2 2018

Shares 940,790 Value ($000) $131,428 Avg Close $99.95 Range $94.63 - $110.30

Q1 2018

Shares 1,017,890 Value ($000) $156,175 Avg Close $107.30 Range $98.32 - $115.38

Q4 2017

Shares 1,218,990 Value ($000) $187,017 Avg Close $102.11 Range $96.94 - $108.49

Q3 2017

Shares 1,102,490 Value ($000) $159,949 Avg Close $96.87 Range $92.88 - $103.07

Q2 2017

Shares 970,390 Value ($000) $149,275 Avg Close $103.77 Range $98.95 - $115.36

Q1 2017

Shares 1,099,090 Value ($000) $191,396 Avg Close $114.39 Range $107.32 - $119.58

Q4 2016

Shares 1,193,190 Value ($000) $198,058 Avg Close $103.05 Range $95.06 - $110.31

Q3 2016

Shares 1,190,290 Value ($000) $189,078 Avg Close $101.76 Range $95.61 - $106.13

Q2 2016

Shares 1,141,790 Value ($000) $173,301 Avg Close $95.13 Range $90.08 - $99.15

Q1 2016

Shares 1,268,490 Value ($000) $192,113 Avg Close $84.07 Range $73.78 - $96.70

Q4 2015

Shares 1,236,090 Value ($000) $170,111 Avg Close $87.52 Range $82.31 - $94.87

Q3 2015

Shares 1,233,190 Value ($000) $178,775 Avg Close $95.35 Range $87.10 - $106.76

Q2 2015

Shares 1,304,990 Value ($000) $212,270 Avg Close $102.99 Range $96.57 - $107.49

Q1 2015

Shares 1,324,990 Value ($000) $212,661 Avg Close $96.47 Range $90.53 - $100.82

Q4 2014

Shares 1,264,990 Value ($000) $202,955 Avg Close $100.47 Range $91.12 - $114.79

Q3 2014

Shares 1,364,490 Value ($000) $259,021 Avg Close $114.33 Range $108.62 - $117.41

Q2 2014

Shares 1,410,090 Value ($000) $255,607 Avg Close $112.28 Range $107.17 - $118.40

Q1 2014

Shares 1,480,590 Value ($000) $284,998 Avg Close $109.22 Range $101.79 - $116.27

Q4 2013

Shares 1,544,690 Value ($000) $289,737 Avg Close $106.40 Range $101.46 - $111.01

Q3 2013

Shares 1,521,690 Value ($000) $281,786 Avg Close $111.55 Range $106.48 - $117.56

Q2 2013

Shares 1,551,290 Value ($000) $296,468 Avg Close $118.94 Range $109.29 - $125.13

Q1 2013

Shares 1,508,890 Value ($000) $321,846 Avg Close $117.98 Range $110.40 - $125.72

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	883,890	$261,817	$298.78	$262.11 - $324.90
Q3 2025	917,142	$258,781	$259.55	$232.08 - $292.01
Q2 2025	981,190	$289,235	$253.82	$210.49 - $292.56
Q1 2025	893,190	$222,101	$239.40	$209.20 - $261.47
Q4 2024	934,490	$205,429	$216.31	$196.83 - $233.32
Q3 2024	1,078,290	$238,388	$188.97	$166.24 - $216.80
Q2 2024	876,190	$151,537	$165.85	$154.39 - $183.50
Q1 2024	898,190	$171,518	$172.56	$148.54 - $189.10
Q4 2023	1,001,990	$163,875	$141.50	$126.39 - $156.49
Q3 2023	895,790	$125,679	$131.75	$120.98 - $141.33
Q2 2023	819,690	$109,683	$118.05	$110.47 - $128.27
Q1 2023	680,290	$89,179	$120.73	$110.43 - $131.92
Q4 2022	919,590	$129,561	$123.05	$102.35 - $137.32
Q3 2022	720,190	$85,566	$115.64	$105.06 - $124.09
Q2 2022	1,186,690	$167,549	$117.50	$107.95 - $126.60
Q1 2022	871,490	$113,311	$112.10	$102.68 - $121.43
Q4 2021	920,590	$123,046	$106.49	$97.83 - $117.62
Q3 2021	955,190	$132,705	$112.12	$106.97 - $117.48
Q2 2021	948,990	$139,112	$113.44	$102.70 - $121.73
Q1 2021	759,890	$101,263	$98.07	$91.22 - $107.97
Q4 2020	713,590	$89,827	$93.41	$81.15 - $103.82
Q3 2020	766,190	$93,222	$93.86	$87.12 - $99.96
Q2 2020	786,590	$94,996	$91.40	$78.00 - $102.76
Q1 2020	1,012,590	$112,327	$98.28	$67.58 - $117.24
Q4 2019	856,990	$114,871	$99.90	$95.55 - $107.55
Q3 2019	1,080,990	$157,198	$102.47	$94.04 - $110.34
Q2 2019	797,690	$110,001	$98.62	$91.51 - $103.66
Q1 2019	1,238,390	$174,737	$94.64	$78.71 - $101.33
Q4 2018	1,013,690	$115,226	$87.95	$74.66 - $107.42
Q3 2018	1,038,790	$157,075	$101.25	$95.14 - $106.71
Q2 2018	940,790	$131,428	$99.95	$94.63 - $110.30
Q1 2018	1,017,890	$156,175	$107.30	$98.32 - $115.38
Q4 2017	1,218,990	$187,017	$102.11	$96.94 - $108.49
Q3 2017	1,102,490	$159,949	$96.87	$92.88 - $103.07
Q2 2017	970,390	$149,275	$103.77	$98.95 - $115.36
Q1 2017	1,099,090	$191,396	$114.39	$107.32 - $119.58
Q4 2016	1,193,190	$198,058	$103.05	$95.06 - $110.31
Q3 2016	1,190,290	$189,078	$101.76	$95.61 - $106.13
Q2 2016	1,141,790	$173,301	$95.13	$90.08 - $99.15
Q1 2016	1,268,490	$192,113	$84.07	$73.78 - $96.70
Q4 2015	1,236,090	$170,111	$87.52	$82.31 - $94.87
Q3 2015	1,233,190	$178,775	$95.35	$87.10 - $106.76
Q2 2015	1,304,990	$212,270	$102.99	$96.57 - $107.49
Q1 2015	1,324,990	$212,661	$96.47	$90.53 - $100.82
Q4 2014	1,264,990	$202,955	$100.47	$91.12 - $114.79
Q3 2014	1,364,490	$259,021	$114.33	$108.62 - $117.41
Q2 2014	1,410,090	$255,607	$112.28	$107.17 - $118.40
Q1 2014	1,480,590	$284,998	$109.22	$101.79 - $116.27
Q4 2013	1,544,690	$289,737	$106.40	$101.46 - $111.01
Q3 2013	1,521,690	$281,786	$111.55	$106.48 - $117.56
Q2 2013	1,551,290	$296,468	$118.94	$109.29 - $125.13
Q1 2013	1,508,890	$321,846	$117.98	$110.40 - $125.72