MDU RES GROUP INC

Ticker: MDU CUSIP: 552690109 Class: COM

MORGAN STANLEY's Holding History (CIK: 0000895421)

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

Q4 2025

Shares 4,012,339 Value ($000) $78,321 Avg Close $19.57 Range $17.31 - $21.34

Q3 2025

Shares 3,659,171 Value ($000) $65,170 Avg Close $16.46 Range $15.63 - $17.87

Q2 2025

Shares 3,576,738 Value ($000) $59,624 Avg Close $16.45 Range $14.69 - $17.49

Q1 2025

Shares 4,511,833 Value ($000) $76,295 Avg Close $16.76 Range $15.90 - $18.33

Q4 2024

Shares 3,478,065 Value ($000) $62,675 Avg Close $16.91 Range $14.27 - $19.63

Q3 2024

Shares 2,654,875 Value ($000) $72,770 Avg Close $13.65 Range $12.67 - $14.89

Q2 2024

Shares 3,027,644 Value ($000) $75,994 Avg Close $13.17 Range $12.37 - $13.72

Q1 2024

Shares 2,761,443 Value ($000) $69,588 Avg Close $10.98 Range $9.86 - $13.32

Q4 2023

Shares 2,630,216 Value ($000) $52,078 Avg Close $9.95 Range $9.41 - $10.65

Q3 2023

Shares 2,624,263 Value ($000) $51,383 Avg Close $10.78 Range $10.08 - $11.69

Q2 2023

Shares 2,242,261 Value ($000) $46,953 Avg Close $10.43 Range $9.61 - $10.94

Q1 2023

Shares 1,723,159 Value ($000) $52,522 Avg Close $10.70 Range $9.98 - $11.37

Q4 2022

Shares 1,816,559 Value ($000) $55,114 Avg Close $10.27 Range $9.29 - $11.06

Q3 2022

Shares 1,460,465 Value ($000) $39,944 Avg Close $10.02 Range $8.94 - $11.08

Q2 2022

Shares 1,341,505 Value ($000) $36,206 Avg Close $9.15 Range $8.51 - $9.69

Q1 2022

Shares 1,354,219 Value ($000) $36,089 Avg Close $9.45 Range $8.60 - $10.74

Q4 2021

Shares 927,131 Value ($000) $28,593 Avg Close $9.99 Range $9.15 - $10.63

Q3 2021

Shares 1,008,251 Value ($000) $29,916 Avg Close $10.53 Range $9.83 - $11.13

Q2 2021

Shares 1,155,724 Value ($000) $36,220 Avg Close $10.95 Range $10.22 - $11.62

Q1 2021

Shares 683,317 Value ($000) $21,600 Avg Close $9.46 Range $8.38 - $10.66

Q4 2020

Shares 645,708 Value ($000) $17,007 Avg Close $8.05 Range $7.18 - $8.74

Q3 2020

Shares 569,725 Value ($000) $12,818 Avg Close $7.32 Range $6.58 - $8.03

Q2 2020

Shares 386,412 Value ($000) $8,570 Avg Close $7.03 Range $5.94 - $8.01

Q1 2020

Shares 296,021 Value ($000) $6,364 Avg Close $8.83 Range $4.81 - $10.26

Q4 2019

Shares 348,221 Value ($000) $10,346 Avg Close $9.10 Range $8.60 - $9.50

Q3 2019

Shares 244,196 Value ($000) $6,884 Avg Close $8.44 Range $7.93 - $9.12

Q2 2019

Shares 204,947 Value ($000) $5,287 Avg Close $7.99 Range $7.59 - $8.30

Q1 2019

Shares 198,873 Value ($000) $5,137 Avg Close $7.90 Range $7.22 - $8.40

Q4 2018

Shares 218,470 Value ($000) $5,208 Avg Close $7.88 Range $7.03 - $8.27

Q3 2018

Shares 405,304 Value ($000) $10,412 Avg Close $8.58 Range $7.77 - $9.02

Q2 2018

Shares 446,914 Value ($000) $12,817 Avg Close $8.49 Range $8.18 - $8.87

Q1 2018

Shares 624,793 Value ($000) $17,595 Avg Close $8.03 Range $7.29 - $8.53

Q4 2017

Shares 1,128,612 Value ($000) $30,337 Avg Close $8.04 Range $7.71 - $8.41

Q3 2017

Shares 613,680 Value ($000) $15,926 Avg Close $7.77 Range $7.44 - $8.20

Q2 2017

Shares 585,694 Value ($000) $15,346 Avg Close $7.92 Range $7.51 - $8.25

Q1 2017

Shares 592,793 Value ($000) $16,225 Avg Close $8.03 Range $7.53 - $8.67

Q4 2016

Shares 557,893 Value ($000) $16,051 Avg Close $7.89 Range $7.09 - $8.72

Q3 2016

Shares 351,260 Value ($000) $8,936 Avg Close $6.91 Range $6.46 - $7.47

Q2 2016

Shares 388,765 Value ($000) $9,331 Avg Close $6.12 Range $5.33 - $6.90

Q1 2016

Shares 283,108 Value ($000) $5,510 Avg Close $5.02 Range $4.40 - $5.57

Q4 2015

Shares 335,233 Value ($000) $6,141 Avg Close $5.10 Range $4.59 - $5.49

Q3 2015

Shares 292,862 Value ($000) $5,037 Avg Close $4.95 Range $4.48 - $5.44

Q2 2015

Shares 456,385 Value ($000) $8,913 Avg Close $5.79 Range $5.30 - $6.32

Q1 2015

Shares 370,001 Value ($000) $7,896 Avg Close $6.06 Range $5.47 - $6.65

Q4 2014

Shares 1,034,863 Value ($000) $24,320 Avg Close $6.84 Range $5.78 - $7.67

Q3 2014

Shares 417,624 Value ($000) $11,615 Avg Close $8.38 Range $7.36 - $9.47

Q2 2014

Shares 862,190 Value ($000) $30,263 Avg Close $9.15 Range $8.68 - $9.59

Q1 2014

Shares 756,511 Value ($000) $25,957 Avg Close $8.65 Range $7.84 - $9.29

Q4 2013

Shares 820,301 Value ($000) $25,061 Avg Close $7.80 Range $7.24 - $8.15

Q3 2013

Shares 576,061 Value ($000) $16,112 Avg Close $7.25 Range $6.78 - $7.90

Q2 2013

Shares 611,345 Value ($000) $15,841 Avg Close $6.58 Range $6.07 - $7.05

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,012,339	$78,321	$19.57	$17.31 - $21.34
Q3 2025	3,659,171	$65,170	$16.46	$15.63 - $17.87
Q2 2025	3,576,738	$59,624	$16.45	$14.69 - $17.49
Q1 2025	4,511,833	$76,295	$16.76	$15.90 - $18.33
Q4 2024	3,478,065	$62,675	$16.91	$14.27 - $19.63
Q3 2024	2,654,875	$72,770	$13.65	$12.67 - $14.89
Q2 2024	3,027,644	$75,994	$13.17	$12.37 - $13.72
Q1 2024	2,761,443	$69,588	$10.98	$9.86 - $13.32
Q4 2023	2,630,216	$52,078	$9.95	$9.41 - $10.65
Q3 2023	2,624,263	$51,383	$10.78	$10.08 - $11.69
Q2 2023	2,242,261	$46,953	$10.43	$9.61 - $10.94
Q1 2023	1,723,159	$52,522	$10.70	$9.98 - $11.37
Q4 2022	1,816,559	$55,114	$10.27	$9.29 - $11.06
Q3 2022	1,460,465	$39,944	$10.02	$8.94 - $11.08
Q2 2022	1,341,505	$36,206	$9.15	$8.51 - $9.69
Q1 2022	1,354,219	$36,089	$9.45	$8.60 - $10.74
Q4 2021	927,131	$28,593	$9.99	$9.15 - $10.63
Q3 2021	1,008,251	$29,916	$10.53	$9.83 - $11.13
Q2 2021	1,155,724	$36,220	$10.95	$10.22 - $11.62
Q1 2021	683,317	$21,600	$9.46	$8.38 - $10.66
Q4 2020	645,708	$17,007	$8.05	$7.18 - $8.74
Q3 2020	569,725	$12,818	$7.32	$6.58 - $8.03
Q2 2020	386,412	$8,570	$7.03	$5.94 - $8.01
Q1 2020	296,021	$6,364	$8.83	$4.81 - $10.26
Q4 2019	348,221	$10,346	$9.10	$8.60 - $9.50
Q3 2019	244,196	$6,884	$8.44	$7.93 - $9.12
Q2 2019	204,947	$5,287	$7.99	$7.59 - $8.30
Q1 2019	198,873	$5,137	$7.90	$7.22 - $8.40
Q4 2018	218,470	$5,208	$7.88	$7.03 - $8.27
Q3 2018	405,304	$10,412	$8.58	$7.77 - $9.02
Q2 2018	446,914	$12,817	$8.49	$8.18 - $8.87
Q1 2018	624,793	$17,595	$8.03	$7.29 - $8.53
Q4 2017	1,128,612	$30,337	$8.04	$7.71 - $8.41
Q3 2017	613,680	$15,926	$7.77	$7.44 - $8.20
Q2 2017	585,694	$15,346	$7.92	$7.51 - $8.25
Q1 2017	592,793	$16,225	$8.03	$7.53 - $8.67
Q4 2016	557,893	$16,051	$7.89	$7.09 - $8.72
Q3 2016	351,260	$8,936	$6.91	$6.46 - $7.47
Q2 2016	388,765	$9,331	$6.12	$5.33 - $6.90
Q1 2016	283,108	$5,510	$5.02	$4.40 - $5.57
Q4 2015	335,233	$6,141	$5.10	$4.59 - $5.49
Q3 2015	292,862	$5,037	$4.95	$4.48 - $5.44
Q2 2015	456,385	$8,913	$5.79	$5.30 - $6.32
Q1 2015	370,001	$7,896	$6.06	$5.47 - $6.65
Q4 2014	1,034,863	$24,320	$6.84	$5.78 - $7.67
Q3 2014	417,624	$11,615	$8.38	$7.36 - $9.47
Q2 2014	862,190	$30,263	$9.15	$8.68 - $9.59
Q1 2014	756,511	$25,957	$8.65	$7.84 - $9.29
Q4 2013	820,301	$25,061	$7.80	$7.24 - $8.15
Q3 2013	576,061	$16,112	$7.25	$6.78 - $7.90
Q2 2013	611,345	$15,841	$6.58	$6.07 - $7.05