MARSH & MCLENNAN COS INC

Ticker: MRSH CUSIP: 571748102 Class: COM

STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM's Holding History (CIK: 0000938076)

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

Q4 2025

Shares 435,864 Value ($000) $80,861 Avg Close $186.43 Range $173.30 - $207.83

Q3 2025

Shares 446,458 Value ($000) $89,975 Avg Close $204.01 Range $193.16 - $217.79

Q2 2025

Shares 476,515 Value ($000) $104,185 Avg Close $223.19 Range $207.03 - $245.83

Q1 2025

Shares 478,179 Value ($000) $116,690 Avg Close $223.35 Range $202.92 - $243.01

Q4 2024

Shares 478,179 Value ($000) $101,570 Avg Close $217.77 Range $205.01 - $231.80

Q3 2024

Shares 483,980 Value ($000) $107,971 Avg Close $216.92 Range $203.69 - $227.83

Q2 2024

Shares 495,800 Value ($000) $104,475 Avg Close $200.17 Range $190.69 - $211.90

Q1 2024

Shares 554,980 Value ($000) $92,432 Avg Close $193.37 Range $182.28 - $203.67

Q4 2023

Shares 527,063 Value ($000) $99,863 Avg Close $186.95 Range $177.61 - $196.74

Q3 2023

Shares 529,521 Value ($000) $100,768 Avg Close $184.60 Range $176.10 - $192.52

Q2 2023

Shares 540,731 Value ($000) $101,701 Avg Close $170.44 Range $158.35 - $182.02

Q1 2023

Shares 554,980 Value ($000) $92,432 Avg Close $159.32 Range $144.98 - $169.70

Q4 2022

Shares 560,250 Value ($000) $92,710 Avg Close $155.95 Range $140.95 - $169.03

Q3 2022

Shares 566,600 Value ($000) $84,588 Avg Close $152.34 Range $138.65 - $166.00

Q2 2022

Shares 573,163 Value ($000) $88,984 Avg Close $151.71 Range $135.36 - $173.83

Q1 2022

Shares 595,471 Value ($000) $101,480 Avg Close $148.65 Range $134.43 - $164.01

Q4 2021

Shares 594,776 Value ($000) $103,384 Avg Close $156.21 Range $141.53 - $165.13

Q3 2021

Shares 590,979 Value ($000) $89,492 Avg Close $141.63 Range $128.41 - $152.48

Q2 2021

Shares 608,506 Value ($000) $85,605 Avg Close $125.21 Range $112.59 - $132.40

Q1 2021

Shares 662,826 Value ($000) $80,732 Avg Close $107.02 Range $98.83 - $113.89

Q4 2020

Shares 686,736 Value ($000) $80,348 Avg Close $105.23 Range $94.36 - $110.82

Q3 2020

Shares 698,472 Value ($000) $80,115 Avg Close $105.63 Range $97.93 - $111.90

Q2 2020

Shares 700,343 Value ($000) $75,196 Avg Close $93.00 Range $71.99 - $103.18

Q1 2020

Shares 685,353 Value ($000) $59,256 Avg Close $97.35 Range $67.78 - $109.87

Q4 2019

Shares 669,983 Value ($000) $74,643 Avg Close $95.06 Range $86.01 - $104.01

Q3 2019

Shares 678,333 Value ($000) $67,867 Avg Close $90.54 Range $85.70 - $93.91

Q2 2019

Shares 690,691 Value ($000) $68,896 Avg Close $86.29 Range $82.49 - $90.62

Q1 2019

Shares 704,980 Value ($000) $66,198 Avg Close $79.33 Range $69.39 - $85.50

Q4 2018

Shares 709,977 Value ($000) $56,621 Avg Close $74.46 Range $66.23 - $80.27

Q3 2018

Shares 711,262 Value ($000) $58,836 Avg Close $75.30 Range $71.83 - $78.35

Q2 2018

Shares 732,793 Value ($000) $60,067 Avg Close $72.21 Range $69.38 - $74.98

Q1 2018

Shares 729,792 Value ($000) $60,274 Avg Close $72.87 Range $69.13 - $75.89

Q4 2017

Shares 749,435 Value ($000) $60,997 Avg Close $72.87 Range $70.08 - $76.08

Q3 2017

Shares 752,920 Value ($000) $63,102 Avg Close $69.18 Range $66.77 - $73.79

Q2 2017

Shares 756,600 Value ($000) $58,985 Avg Close $65.59 Range $62.21 - $70.09

Q1 2017

Shares 755,502 Value ($000) $55,824 Avg Close $61.73 Range $57.29 - $65.47

Q4 2016

Shares 768,222 Value ($000) $51,924 Avg Close $57.67 Range $53.49 - $60.18

Q3 2016

Shares 787,850 Value ($000) $52,983 Avg Close $57.32 Range $55.91 - $58.65

Q2 2016

Shares 790,498 Value ($000) $54,117 Avg Close $54.66 Range $50.84 - $58.55

Q1 2016

Shares 687,612 Value ($000) $41,800 Avg Close $47.39 Range $42.68 - $51.78

Q4 2015

Shares 705,868 Value ($000) $39,140 Avg Close $46.40 Range $42.63 - $48.51

Q3 2015

Shares 720,580 Value ($000) $37,629 Avg Close $46.73 Range $42.51 - $49.38

Q2 2015

Shares 715,120 Value ($000) $40,547 Avg Close $48.09 Range $46.11 - $50.08

Q1 2015

Shares 719,013 Value ($000) $40,329 Avg Close $46.67 Range $44.22 - $48.27

Q4 2014

Shares 812,515 Value ($000) $46,508 Avg Close $45.21 Range $40.02 - $48.56

Q3 2014

Shares 813,037 Value ($000) $42,554 Avg Close $42.74 Range $40.97 - $44.10

Q2 2014

Shares 819,757 Value ($000) $42,480 Avg Close $40.50 Range $38.06 - $42.84

Q1 2014

Shares 855,388 Value ($000) $42,171 Avg Close $38.81 Range $35.81 - $41.06

Q4 2013

Shares 924,212 Value ($000) $44,695 Avg Close $37.39 Range $33.79 - $39.29

Q3 2013

Shares 950,252 Value ($000) $41,383 Avg Close $33.72 Range $31.78 - $35.90

Q2 2013

Shares 962,581 Value ($000) $38,426 Avg Close $31.19 Range $29.36 - $33.32

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	435,864	$80,861	$186.43	$173.30 - $207.83
Q3 2025	446,458	$89,975	$204.01	$193.16 - $217.79
Q2 2025	476,515	$104,185	$223.19	$207.03 - $245.83
Q1 2025	478,179	$116,690	$223.35	$202.92 - $243.01
Q4 2024	478,179	$101,570	$217.77	$205.01 - $231.80
Q3 2024	483,980	$107,971	$216.92	$203.69 - $227.83
Q2 2024	495,800	$104,475	$200.17	$190.69 - $211.90
Q1 2024	554,980	$92,432	$193.37	$182.28 - $203.67
Q4 2023	527,063	$99,863	$186.95	$177.61 - $196.74
Q3 2023	529,521	$100,768	$184.60	$176.10 - $192.52
Q2 2023	540,731	$101,701	$170.44	$158.35 - $182.02
Q1 2023	554,980	$92,432	$159.32	$144.98 - $169.70
Q4 2022	560,250	$92,710	$155.95	$140.95 - $169.03
Q3 2022	566,600	$84,588	$152.34	$138.65 - $166.00
Q2 2022	573,163	$88,984	$151.71	$135.36 - $173.83
Q1 2022	595,471	$101,480	$148.65	$134.43 - $164.01
Q4 2021	594,776	$103,384	$156.21	$141.53 - $165.13
Q3 2021	590,979	$89,492	$141.63	$128.41 - $152.48
Q2 2021	608,506	$85,605	$125.21	$112.59 - $132.40
Q1 2021	662,826	$80,732	$107.02	$98.83 - $113.89
Q4 2020	686,736	$80,348	$105.23	$94.36 - $110.82
Q3 2020	698,472	$80,115	$105.63	$97.93 - $111.90
Q2 2020	700,343	$75,196	$93.00	$71.99 - $103.18
Q1 2020	685,353	$59,256	$97.35	$67.78 - $109.87
Q4 2019	669,983	$74,643	$95.06	$86.01 - $104.01
Q3 2019	678,333	$67,867	$90.54	$85.70 - $93.91
Q2 2019	690,691	$68,896	$86.29	$82.49 - $90.62
Q1 2019	704,980	$66,198	$79.33	$69.39 - $85.50
Q4 2018	709,977	$56,621	$74.46	$66.23 - $80.27
Q3 2018	711,262	$58,836	$75.30	$71.83 - $78.35
Q2 2018	732,793	$60,067	$72.21	$69.38 - $74.98
Q1 2018	729,792	$60,274	$72.87	$69.13 - $75.89
Q4 2017	749,435	$60,997	$72.87	$70.08 - $76.08
Q3 2017	752,920	$63,102	$69.18	$66.77 - $73.79
Q2 2017	756,600	$58,985	$65.59	$62.21 - $70.09
Q1 2017	755,502	$55,824	$61.73	$57.29 - $65.47
Q4 2016	768,222	$51,924	$57.67	$53.49 - $60.18
Q3 2016	787,850	$52,983	$57.32	$55.91 - $58.65
Q2 2016	790,498	$54,117	$54.66	$50.84 - $58.55
Q1 2016	687,612	$41,800	$47.39	$42.68 - $51.78
Q4 2015	705,868	$39,140	$46.40	$42.63 - $48.51
Q3 2015	720,580	$37,629	$46.73	$42.51 - $49.38
Q2 2015	715,120	$40,547	$48.09	$46.11 - $50.08
Q1 2015	719,013	$40,329	$46.67	$44.22 - $48.27
Q4 2014	812,515	$46,508	$45.21	$40.02 - $48.56
Q3 2014	813,037	$42,554	$42.74	$40.97 - $44.10
Q2 2014	819,757	$42,480	$40.50	$38.06 - $42.84
Q1 2014	855,388	$42,171	$38.81	$35.81 - $41.06
Q4 2013	924,212	$44,695	$37.39	$33.79 - $39.29
Q3 2013	950,252	$41,383	$33.72	$31.78 - $35.90
Q2 2013	962,581	$38,426	$31.19	$29.36 - $33.32