LINCOLN ELEC HLDGS INC

Ticker: LECO CUSIP: 533900106 Class: COM

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

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

Q4 2025

Shares 12,989 Value ($000) $3,113 Avg Close $236.85 Range $216.22 - $252.00

Q3 2025

Shares 13,189 Value ($000) $3,110 Avg Close $234.18 Range $205.36 - $249.19

Q2 2025

Shares 13,389 Value ($000) $2,776 Avg Close $191.24 Range $161.11 - $214.37

Q1 2025

Shares 13,489 Value ($000) $2,552 Avg Close $196.34 Range $176.82 - $220.36

Q4 2024

Shares 13,389 Value ($000) $2,510 Avg Close $201.47 Range $185.38 - $222.52

Q3 2024

Shares 13,489 Value ($000) $2,590 Avg Close $191.83 Range $169.51 - $214.93

Q2 2024

Shares 13,689 Value ($000) $2,582 Avg Close $217.03 Range $173.01 - $255.60

Q1 2024

Shares 14,089 Value ($000) $3,599 Avg Close $236.20 Range $207.28 - $261.13

Q4 2023

Shares 13,689 Value ($000) $2,977 Avg Close $192.91 Range $164.00 - $221.14

Q3 2023

Shares 13,689 Value ($000) $2,489 Avg Close $191.04 Range $176.29 - $210.86

Q2 2023

Shares 14,189 Value ($000) $2,818 Avg Close $174.22 Range $152.36 - $199.72

Q1 2023

Shares 14,589 Value ($000) $2,467 Avg Close $164.82 Range $143.76 - $176.52

Q4 2022

Shares 14,689 Value ($000) $2,122 Avg Close $140.26 Range $120.01 - $150.68

Q3 2022

Shares 14,589 Value ($000) $1,834 Avg Close $134.94 Range $118.17 - $148.50

Q2 2022

Shares 14,789 Value ($000) $1,824 Avg Close $131.69 Range $120.35 - $140.70

Q1 2022

Shares 14,989 Value ($000) $2,066 Avg Close $130.94 Range $122.58 - $142.49

Q4 2021

Shares 14,913 Value ($000) $2,080 Avg Close $139.26 Range $127.90 - $148.54

Q3 2021

Shares 14,913 Value ($000) $1,921 Avg Close $136.02 Range $128.54 - $143.30

Q2 2021

Shares 15,013 Value ($000) $1,977 Avg Close $128.06 Range $119.62 - $136.04

Q1 2021

Shares 22,113 Value ($000) $2,719 Avg Close $119.50 Range $110.52 - $129.04

Q4 2020

Shares 21,713 Value ($000) $2,524 Avg Close $109.53 Range $89.33 - $122.51

Q3 2020

Shares 21,613 Value ($000) $1,989 Avg Close $92.19 Range $82.30 - $99.00

Q2 2020

Shares 21,613 Value ($000) $1,821 Avg Close $79.06 Range $62.97 - $92.50

Q1 2020

Shares 17,000 Value ($000) $1,173 Avg Close $85.70 Range $59.30 - $98.19

Q4 2019

Shares 18,000 Value ($000) $1,741 Avg Close $91.01 Range $79.32 - $98.32

Q3 2019

Shares 17,900 Value ($000) $1,553 Avg Close $84.16 Range $78.88 - $90.09

Q2 2019

Shares 18,600 Value ($000) $1,531 Avg Close $83.15 Range $75.57 - $91.69

Q1 2019

Shares 22,500 Value ($000) $1,887 Avg Close $84.84 Range $75.50 - $91.21

Q4 2018

Shares 23,000 Value ($000) $1,814 Avg Close $83.00 Range $72.27 - $95.56

Q3 2018

Shares 24,100 Value ($000) $2,252 Avg Close $92.49 Range $86.27 - $97.93

Q2 2018

Shares 22,700 Value ($000) $1,992 Avg Close $89.06 Range $81.48 - $94.39

Q1 2018

Shares 22,500 Value ($000) $2,024 Avg Close $93.13 Range $83.77 - $101.34

Q4 2017

Shares 22,200 Value ($000) $2,033 Avg Close $91.42 Range $85.24 - $99.59

Q3 2017

Shares 23,300 Value ($000) $2,136 Avg Close $89.29 Range $84.41 - $94.97

Q2 2017

Shares 25,500 Value ($000) $2,348 Avg Close $89.93 Range $81.85 - $97.97

Q1 2017

Shares 25,100 Value ($000) $2,180 Avg Close $83.89 Range $75.86 - $88.73

Q4 2016

Shares 25,000 Value ($000) $1,917 Avg Close $71.65 Range $61.04 - $80.57

Q3 2016

Shares 25,500 Value ($000) $1,597 Avg Close $62.26 Range $57.40 - $65.33

Q2 2016

Shares 25,100 Value ($000) $1,483 Avg Close $60.21 Range $56.02 - $64.79

Q1 2016

Shares 25,700 Value ($000) $1,505 Avg Close $54.42 Range $45.54 - $60.24

Q4 2015

Shares 26,100 Value ($000) $1,354 Avg Close $55.66 Range $49.71 - $62.95

Q3 2015

Shares 31,400 Value ($000) $1,646 Avg Close $58.61 Range $51.74 - $62.94

Q2 2015

Shares 34,400 Value ($000) $2,095 Avg Close $66.25 Range $60.85 - $71.15

Q1 2015

Shares 35,200 Value ($000) $2,302 Avg Close $67.77 Range $63.90 - $72.50

Q4 2014

Shares 37,000 Value ($000) $2,556 Avg Close $69.83 Range $61.12 - $75.49

Q3 2014

Shares 37,700 Value ($000) $2,606 Avg Close $69.60 Range $65.44 - $73.75

Q2 2014

Shares 37,900 Value ($000) $2,648 Avg Close $67.81 Range $63.23 - $72.88

Q1 2014

Shares 38,100 Value ($000) $2,744 Avg Close $71.70 Range $66.68 - $76.26

Q4 2013

Shares 38,200 Value ($000) $2,725 Avg Close $70.23 Range $65.45 - $74.57

Q3 2013

Shares 38,300 Value ($000) $2,552 Avg Close $62.74 Range $56.75 - $69.35

Q2 2013

Shares 38,200 Value ($000) $2,188 Avg Close $55.81 Range $49.94 - $60.58

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	12,989	$3,113	$236.85	$216.22 - $252.00
Q3 2025	13,189	$3,110	$234.18	$205.36 - $249.19
Q2 2025	13,389	$2,776	$191.24	$161.11 - $214.37
Q1 2025	13,489	$2,552	$196.34	$176.82 - $220.36
Q4 2024	13,389	$2,510	$201.47	$185.38 - $222.52
Q3 2024	13,489	$2,590	$191.83	$169.51 - $214.93
Q2 2024	13,689	$2,582	$217.03	$173.01 - $255.60
Q1 2024	14,089	$3,599	$236.20	$207.28 - $261.13
Q4 2023	13,689	$2,977	$192.91	$164.00 - $221.14
Q3 2023	13,689	$2,489	$191.04	$176.29 - $210.86
Q2 2023	14,189	$2,818	$174.22	$152.36 - $199.72
Q1 2023	14,589	$2,467	$164.82	$143.76 - $176.52
Q4 2022	14,689	$2,122	$140.26	$120.01 - $150.68
Q3 2022	14,589	$1,834	$134.94	$118.17 - $148.50
Q2 2022	14,789	$1,824	$131.69	$120.35 - $140.70
Q1 2022	14,989	$2,066	$130.94	$122.58 - $142.49
Q4 2021	14,913	$2,080	$139.26	$127.90 - $148.54
Q3 2021	14,913	$1,921	$136.02	$128.54 - $143.30
Q2 2021	15,013	$1,977	$128.06	$119.62 - $136.04
Q1 2021	22,113	$2,719	$119.50	$110.52 - $129.04
Q4 2020	21,713	$2,524	$109.53	$89.33 - $122.51
Q3 2020	21,613	$1,989	$92.19	$82.30 - $99.00
Q2 2020	21,613	$1,821	$79.06	$62.97 - $92.50
Q1 2020	17,000	$1,173	$85.70	$59.30 - $98.19
Q4 2019	18,000	$1,741	$91.01	$79.32 - $98.32
Q3 2019	17,900	$1,553	$84.16	$78.88 - $90.09
Q2 2019	18,600	$1,531	$83.15	$75.57 - $91.69
Q1 2019	22,500	$1,887	$84.84	$75.50 - $91.21
Q4 2018	23,000	$1,814	$83.00	$72.27 - $95.56
Q3 2018	24,100	$2,252	$92.49	$86.27 - $97.93
Q2 2018	22,700	$1,992	$89.06	$81.48 - $94.39
Q1 2018	22,500	$2,024	$93.13	$83.77 - $101.34
Q4 2017	22,200	$2,033	$91.42	$85.24 - $99.59
Q3 2017	23,300	$2,136	$89.29	$84.41 - $94.97
Q2 2017	25,500	$2,348	$89.93	$81.85 - $97.97
Q1 2017	25,100	$2,180	$83.89	$75.86 - $88.73
Q4 2016	25,000	$1,917	$71.65	$61.04 - $80.57
Q3 2016	25,500	$1,597	$62.26	$57.40 - $65.33
Q2 2016	25,100	$1,483	$60.21	$56.02 - $64.79
Q1 2016	25,700	$1,505	$54.42	$45.54 - $60.24
Q4 2015	26,100	$1,354	$55.66	$49.71 - $62.95
Q3 2015	31,400	$1,646	$58.61	$51.74 - $62.94
Q2 2015	34,400	$2,095	$66.25	$60.85 - $71.15
Q1 2015	35,200	$2,302	$67.77	$63.90 - $72.50
Q4 2014	37,000	$2,556	$69.83	$61.12 - $75.49
Q3 2014	37,700	$2,606	$69.60	$65.44 - $73.75
Q2 2014	37,900	$2,648	$67.81	$63.23 - $72.88
Q1 2014	38,100	$2,744	$71.70	$66.68 - $76.26
Q4 2013	38,200	$2,725	$70.23	$65.45 - $74.57
Q3 2013	38,300	$2,552	$62.74	$56.75 - $69.35
Q2 2013	38,200	$2,188	$55.81	$49.94 - $60.58