MDU RES GROUP INC

Ticker: MDU CUSIP: 552690109 Class: COM

TWO SIGMA ADVISERS, LP's Holding History (CIK: 0001478735)

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

Q4 2025

Shares 30,600 Value ($000) $597 Avg Close $19.57 Range $17.31 - $21.34

Q3 2025

Shares 51,400 Value ($000) $915 Avg Close $16.46 Range $15.63 - $17.87

Q2 2025

Shares 157,500 Value ($000) $2,626 Avg Close $16.45 Range $14.69 - $17.49

Q1 2025

Shares 219,700 Value ($000) $3,715 Avg Close $16.76 Range $15.90 - $18.33

Q4 2024

Shares 324,900 Value ($000) $5,855 Avg Close $16.91 Range $14.27 - $19.63

Q3 2024

Shares 745,400 Value ($000) $20,431 Avg Close $13.65 Range $12.67 - $14.89

Q2 2024

Shares 868,100 Value ($000) $21,789 Avg Close $13.17 Range $12.37 - $13.72

Q1 2024

Shares 941,100 Value ($000) $23,716 Avg Close $10.98 Range $9.86 - $13.32

Q4 2023

Shares 1,065,400 Value ($000) $21,095 Avg Close $9.95 Range $9.41 - $10.65

Q3 2023

Shares 720,700 Value ($000) $14,111 Avg Close $10.78 Range $10.08 - $11.69

Q2 2023

Shares 45,300 Value ($000) $949 Avg Close $10.43 Range $9.61 - $10.94

Q1 2023

Shares 24,600 Value ($000) $750 Avg Close $10.70 Range $9.98 - $11.37

Q3 2022

Shares 11,500 Value ($000) $315 Avg Close $10.02 Range $8.94 - $11.08

Q2 2022

Shares 60,600 Value ($000) $1,636 Avg Close $9.15 Range $8.51 - $9.69

Q1 2022

Shares 145,500 Value ($000) $3,878 Avg Close $9.45 Range $8.60 - $10.74

Q4 2021

Shares 57,600 Value ($000) $1,776 Avg Close $9.99 Range $9.15 - $10.63

Q3 2021

Shares 75,400 Value ($000) $2,237 Avg Close $10.53 Range $9.83 - $11.13

Q2 2021

Shares 147,400 Value ($000) $4,620 Avg Close $10.95 Range $10.22 - $11.62

Q1 2021

Shares 293,800 Value ($000) $9,287 Avg Close $9.46 Range $8.38 - $10.66

Q4 2020

Shares 771,100 Value ($000) $20,311 Avg Close $8.05 Range $7.18 - $8.74

Q3 2020

Shares 964,300 Value ($000) $21,697 Avg Close $7.32 Range $6.58 - $8.03

Q2 2020

Shares 1,441,240 Value ($000) $31,967 Avg Close $7.03 Range $5.94 - $8.01

Q1 2020

Shares 1,509,340 Value ($000) $32,451 Avg Close $8.83 Range $4.81 - $10.26

Q4 2019

Shares 1,039,140 Value ($000) $30,873 Avg Close $9.10 Range $8.60 - $9.50

Q3 2019

Shares 964,440 Value ($000) $27,188 Avg Close $8.44 Range $7.93 - $9.12

Q2 2019

Shares 1,124,740 Value ($000) $29,018 Avg Close $7.99 Range $7.59 - $8.30

Q1 2019

Shares 641,340 Value ($000) $16,566 Avg Close $7.90 Range $7.22 - $8.40

Q4 2018

Shares 397,040 Value ($000) $9,465 Avg Close $7.88 Range $7.03 - $8.27

Q3 2018

Shares 253,840 Value ($000) $6,521 Avg Close $8.58 Range $7.77 - $9.02

Q2 2018

Shares 260,440 Value ($000) $7,469 Avg Close $8.49 Range $8.18 - $8.87

Q1 2018

Shares 304,640 Value ($000) $8,579 Avg Close $8.03 Range $7.29 - $8.53

Q4 2017

Shares 220,840 Value ($000) $5,936 Avg Close $8.04 Range $7.71 - $8.41

Q3 2017

Shares 206,940 Value ($000) $5,370 Avg Close $7.77 Range $7.44 - $8.20

Q2 2017

Shares 213,940 Value ($000) $5,605 Avg Close $7.92 Range $7.51 - $8.25

Q1 2017

Shares 227,233 Value ($000) $6,219 Avg Close $8.03 Range $7.53 - $8.67

Q4 2016

Shares 127,307 Value ($000) $3,663 Avg Close $7.89 Range $7.09 - $8.72

Q3 2016

Shares 85,578 Value ($000) $2,177 Avg Close $6.91 Range $6.46 - $7.47

Q2 2016

Shares 52,978 Value ($000) $1,271 Avg Close $6.12 Range $5.33 - $6.90

Q1 2016

Shares 36,778 Value ($000) $716 Avg Close $5.02 Range $4.40 - $5.57

Q1 2015

Shares 368,239 Value ($000) $7,858 Avg Close $6.06 Range $5.47 - $6.65

Q4 2014

Shares 519,039 Value ($000) $12,197 Avg Close $6.84 Range $5.78 - $7.67

Q3 2014

Shares 34,039 Value ($000) $947 Avg Close $8.38 Range $7.36 - $9.47

Q2 2014

Shares 56,439 Value ($000) $1,981 Avg Close $9.15 Range $8.68 - $9.59

Q4 2013

Shares 12,039 Value ($000) $367 Avg Close $7.80 Range $7.24 - $8.15

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	30,600	$597	$19.57	$17.31 - $21.34
Q3 2025	51,400	$915	$16.46	$15.63 - $17.87
Q2 2025	157,500	$2,626	$16.45	$14.69 - $17.49
Q1 2025	219,700	$3,715	$16.76	$15.90 - $18.33
Q4 2024	324,900	$5,855	$16.91	$14.27 - $19.63
Q3 2024	745,400	$20,431	$13.65	$12.67 - $14.89
Q2 2024	868,100	$21,789	$13.17	$12.37 - $13.72
Q1 2024	941,100	$23,716	$10.98	$9.86 - $13.32
Q4 2023	1,065,400	$21,095	$9.95	$9.41 - $10.65
Q3 2023	720,700	$14,111	$10.78	$10.08 - $11.69
Q2 2023	45,300	$949	$10.43	$9.61 - $10.94
Q1 2023	24,600	$750	$10.70	$9.98 - $11.37
Q3 2022	11,500	$315	$10.02	$8.94 - $11.08
Q2 2022	60,600	$1,636	$9.15	$8.51 - $9.69
Q1 2022	145,500	$3,878	$9.45	$8.60 - $10.74
Q4 2021	57,600	$1,776	$9.99	$9.15 - $10.63
Q3 2021	75,400	$2,237	$10.53	$9.83 - $11.13
Q2 2021	147,400	$4,620	$10.95	$10.22 - $11.62
Q1 2021	293,800	$9,287	$9.46	$8.38 - $10.66
Q4 2020	771,100	$20,311	$8.05	$7.18 - $8.74
Q3 2020	964,300	$21,697	$7.32	$6.58 - $8.03
Q2 2020	1,441,240	$31,967	$7.03	$5.94 - $8.01
Q1 2020	1,509,340	$32,451	$8.83	$4.81 - $10.26
Q4 2019	1,039,140	$30,873	$9.10	$8.60 - $9.50
Q3 2019	964,440	$27,188	$8.44	$7.93 - $9.12
Q2 2019	1,124,740	$29,018	$7.99	$7.59 - $8.30
Q1 2019	641,340	$16,566	$7.90	$7.22 - $8.40
Q4 2018	397,040	$9,465	$7.88	$7.03 - $8.27
Q3 2018	253,840	$6,521	$8.58	$7.77 - $9.02
Q2 2018	260,440	$7,469	$8.49	$8.18 - $8.87
Q1 2018	304,640	$8,579	$8.03	$7.29 - $8.53
Q4 2017	220,840	$5,936	$8.04	$7.71 - $8.41
Q3 2017	206,940	$5,370	$7.77	$7.44 - $8.20
Q2 2017	213,940	$5,605	$7.92	$7.51 - $8.25
Q1 2017	227,233	$6,219	$8.03	$7.53 - $8.67
Q4 2016	127,307	$3,663	$7.89	$7.09 - $8.72
Q3 2016	85,578	$2,177	$6.91	$6.46 - $7.47
Q2 2016	52,978	$1,271	$6.12	$5.33 - $6.90
Q1 2016	36,778	$716	$5.02	$4.40 - $5.57
Q1 2015	368,239	$7,858	$6.06	$5.47 - $6.65
Q4 2014	519,039	$12,197	$6.84	$5.78 - $7.67
Q3 2014	34,039	$947	$8.38	$7.36 - $9.47
Q2 2014	56,439	$1,981	$9.15	$8.68 - $9.59
Q4 2013	12,039	$367	$7.80	$7.24 - $8.15