INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

Railway Pension Investments Ltd's Holding History (CIK: 0001658020)

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

Q4 2025

Shares 151,700 Value ($000) $44,935 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 151,700 Value ($000) $42,804 Avg Close $259.55 Range $232.08 - $292.01

Q2 2025

Shares 148,600 Value ($000) $43,804 Avg Close $253.82 Range $210.49 - $292.56

Q1 2025

Shares 162,000 Value ($000) $40,283 Avg Close $239.40 Range $209.20 - $261.47

Q4 2024

Shares 157,700 Value ($000) $34,667 Avg Close $216.31 Range $196.83 - $233.32

Q3 2024

Shares 165,100 Value ($000) $36,500 Avg Close $188.97 Range $166.24 - $216.80

Q2 2024

Shares 50,600 Value ($000) $8,751 Avg Close $165.85 Range $154.39 - $183.50

Q1 2024

Shares 127,400 Value ($000) $24,328 Avg Close $172.56 Range $148.54 - $189.10

Q3 2022

Shares 397,100 Value ($000) $47,179 Avg Close $115.64 Range $105.06 - $124.09

Q2 2022

Shares 397,100 Value ($000) $56,067 Avg Close $117.50 Range $107.95 - $126.60

Q1 2022

Shares 406,700 Value ($000) $52,879 Avg Close $112.10 Range $102.68 - $121.43

Q4 2021

Shares 406,700 Value ($000) $54,360 Avg Close $106.49 Range $97.83 - $117.62

Q3 2021

Shares 406,700 Value ($000) $56,503 Avg Close $112.12 Range $106.97 - $117.48

Q2 2021

Shares 406,700 Value ($000) $59,618 Avg Close $113.44 Range $102.70 - $121.73

Q4 2020

Shares 716,250 Value ($000) $90,162 Avg Close $93.41 Range $81.15 - $103.82

Q3 2020

Shares 711,050 Value ($000) $86,513 Avg Close $93.86 Range $87.12 - $99.96

Q2 2020

Shares 711,050 Value ($000) $85,874 Avg Close $91.40 Range $78.00 - $102.76

Q1 2020

Shares 703,150 Value ($000) $78,000 Avg Close $98.28 Range $67.58 - $117.24

Q4 2019

Shares 683,550 Value ($000) $91,623 Avg Close $99.90 Range $95.55 - $107.55

Q3 2019

Shares 681,249 Value ($000) $99,067 Avg Close $102.47 Range $94.04 - $110.34

Q2 2019

Shares 435,164 Value ($000) $60,009 Avg Close $98.62 Range $91.51 - $103.66

Q1 2019

Shares 429,684 Value ($000) $60,628 Avg Close $94.64 Range $78.71 - $101.33

Q4 2018

Shares 514,969 Value ($000) $58,537 Avg Close $87.95 Range $74.66 - $107.42

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	151,700	$44,935	$298.78	$262.11 - $324.90
Q3 2025	151,700	$42,804	$259.55	$232.08 - $292.01
Q2 2025	148,600	$43,804	$253.82	$210.49 - $292.56
Q1 2025	162,000	$40,283	$239.40	$209.20 - $261.47
Q4 2024	157,700	$34,667	$216.31	$196.83 - $233.32
Q3 2024	165,100	$36,500	$188.97	$166.24 - $216.80
Q2 2024	50,600	$8,751	$165.85	$154.39 - $183.50
Q1 2024	127,400	$24,328	$172.56	$148.54 - $189.10
Q3 2022	397,100	$47,179	$115.64	$105.06 - $124.09
Q2 2022	397,100	$56,067	$117.50	$107.95 - $126.60
Q1 2022	406,700	$52,879	$112.10	$102.68 - $121.43
Q4 2021	406,700	$54,360	$106.49	$97.83 - $117.62
Q3 2021	406,700	$56,503	$112.12	$106.97 - $117.48
Q2 2021	406,700	$59,618	$113.44	$102.70 - $121.73
Q4 2020	716,250	$90,162	$93.41	$81.15 - $103.82
Q3 2020	711,050	$86,513	$93.86	$87.12 - $99.96
Q2 2020	711,050	$85,874	$91.40	$78.00 - $102.76
Q1 2020	703,150	$78,000	$98.28	$67.58 - $117.24
Q4 2019	683,550	$91,623	$99.90	$95.55 - $107.55
Q3 2019	681,249	$99,067	$102.47	$94.04 - $110.34
Q2 2019	435,164	$60,009	$98.62	$91.51 - $103.66
Q1 2019	429,684	$60,628	$94.64	$78.71 - $101.33
Q4 2018	514,969	$58,537	$87.95	$74.66 - $107.42