INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

Kensington Investment Counsel, LLC's Holding History (CIK: 0001845536)

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

Q4 2025

Shares 825 Value ($000) $244 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 825 Value ($000) $233 Avg Close $259.55 Range $232.08 - $292.01

Q2 2025

Shares 825 Value ($000) $243 Avg Close $253.82 Range $210.49 - $292.56

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	825	$244	$298.78	$262.11 - $324.90
Q3 2025	825	$233	$259.55	$232.08 - $292.01
Q2 2025	825	$243	$253.82	$210.49 - $292.56