INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

GF FUND MANAGEMENT CO. LTD.'s Holding History (CIK: 0002057060)

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

Q4 2025

Shares 1,103 Value ($000) $327 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 2,948 Value ($000) $832 Avg Close $259.55 Range $232.08 - $292.01

Q2 2025

Shares 1,661 Value ($000) $490 Avg Close $253.82 Range $210.49 - $292.56

Q4 2024

Shares 1,129 Value ($000) $248 Avg Close $216.31 Range $196.83 - $233.32

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,103	$327	$298.78	$262.11 - $324.90
Q3 2025	2,948	$832	$259.55	$232.08 - $292.01
Q2 2025	1,661	$490	$253.82	$210.49 - $292.56
Q4 2024	1,129	$248	$216.31	$196.83 - $233.32