INTERNATIONAL BUSINESS MACHS

Ticker: IBM CUSIP: 459200101 Class: COM

TFR Capital, LLC.'s Holding History (CIK: 0002059325)

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

Q4 2025

Shares 1,128 Value ($000) $334 Avg Close $298.78 Range $262.11 - $324.90

Q3 2025

Shares 1,092 Value ($000) $308 Avg Close $259.55 Range $232.08 - $292.01

Q2 2025

Shares 1,083 Value ($000) $319 Avg Close $253.82 Range $210.49 - $292.56

Q1 2025

Shares 1,024 Value ($000) $255 Avg Close $239.40 Range $209.20 - $261.47

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,128	$334	$298.78	$262.11 - $324.90
Q3 2025	1,092	$308	$259.55	$232.08 - $292.01
Q2 2025	1,083	$319	$253.82	$210.49 - $292.56
Q1 2025	1,024	$255	$239.40	$209.20 - $261.47