MURPHY USA INC

Ticker: MUSA CUSIP: 626755102 Class: EQTY

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

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

Q4 2025

Shares 4,024 Value ($000) $1,624 Avg Close $383.35 Range $349.22 - $413.97

Q3 2025

Shares 4,224 Value ($000) $1,640 Avg Close $394.84 Range $344.15 - $436.63

Q2 2025

Shares 4,324 Value ($000) $1,759 Avg Close $452.94 Range $384.23 - $520.87

Q1 2025

Shares 4,324 Value ($000) $2,031 Avg Close $472.46 Range $427.36 - $518.07

Q4 2024

Shares 4,324 Value ($000) $2,170 Avg Close $507.74 Range $467.15 - $558.09

Q3 2024

Shares 4,424 Value ($000) $2,180 Avg Close $498.16 Range $442.88 - $548.81

Q2 2024

Shares 4,524 Value ($000) $2,124 Avg Close $432.36 Range $378.91 - $486.37

Q1 2024

Shares 4,624 Value ($000) $1,938 Avg Close $387.51 Range $347.32 - $422.52

Q4 2023

Shares 4,624 Value ($000) $1,649 Avg Close $358.80 Range $336.46 - $378.11

Q3 2023

Shares 4,624 Value ($000) $1,580 Avg Close $314.19 Range $279.24 - $344.27

Q2 2023

Shares 4,924 Value ($000) $1,532 Avg Close $276.59 Range $245.55 - $310.68

Q1 2023

Shares 5,024 Value ($000) $1,296 Avg Close $256.65 Range $228.67 - $277.44

Q4 2022

Shares 5,324 Value ($000) $1,488 Avg Close $285.70 Range $263.51 - $318.04

Q3 2022

Shares 5,424 Value ($000) $1,491 Avg Close $275.20 Range $227.20 - $298.11

Q2 2022

Shares 5,624 Value ($000) $1,310 Avg Close $231.74 Range $196.34 - $258.27

Q1 2022

Shares 5,824 Value ($000) $1,165 Avg Close $184.28 Range $161.40 - $200.39

Q4 2021

Shares 5,987 Value ($000) $1,193 Avg Close $175.22 Range $156.63 - $197.27

Q3 2021

Shares 5,987 Value ($000) $1,001 Avg Close $147.50 Range $128.17 - $168.08

Q2 2021

Shares 6,287 Value ($000) $838 Avg Close $134.94 Range $123.71 - $143.87

Q1 2021

Shares 9,387 Value ($000) $1,357 Avg Close $126.00 Range $116.34 - $155.15

Q4 2020

Shares 9,687 Value ($000) $1,268 Avg Close $124.95 Range $113.81 - $134.34

Q3 2020

Shares 9,887 Value ($000) $1,268 Avg Close $128.55 Range $107.52 - $140.06

Q2 2020

Shares 9,987 Value ($000) $1,124 Avg Close $106.48 Range $77.67 - $115.42

Q1 2020

Shares 8,025 Value ($000) $677 Avg Close $100.87 Range $76.55 - $113.98

Q4 2019

Shares 8,525 Value ($000) $997 Avg Close $104.84 Range $81.83 - $117.85

Q3 2019

Shares 8,725 Value ($000) $744 Avg Close $85.49 Range $78.68 - $92.06

Q2 2019

Shares 8,825 Value ($000) $742 Avg Close $81.35 Range $77.28 - $86.10

Q1 2019

Shares 10,725 Value ($000) $918 Avg Close $76.81 Range $70.05 - $83.49

Q4 2018

Shares 10,725 Value ($000) $822 Avg Close $76.65 Range $68.02 - $83.49

Q3 2018

Shares 11,025 Value ($000) $942 Avg Close $80.24 Range $70.34 - $85.87

Q2 2018

Shares 11,425 Value ($000) $849 Avg Close $67.13 Range $59.34 - $79.17

Q1 2018

Shares 11,525 Value ($000) $839 Avg Close $75.89 Range $65.70 - $87.18

Q4 2017

Shares 11,625 Value ($000) $934 Avg Close $73.43 Range $66.61 - $79.03

Q3 2017

Shares 12,625 Value ($000) $871 Avg Close $67.62 Range $62.01 - $77.74

Q2 2017

Shares 14,225 Value ($000) $1,054 Avg Close $68.00 Range $62.24 - $73.08

Q1 2017

Shares 14,125 Value ($000) $1,037 Avg Close $64.10 Range $58.75 - $71.81

Q4 2016

Shares 14,625 Value ($000) $899 Avg Close $65.42 Range $55.53 - $71.33

Q3 2016

Shares 14,825 Value ($000) $1,058 Avg Close $72.59 Range $68.06 - $78.19

Q2 2016

Shares 14,825 Value ($000) $1,099 Avg Close $63.31 Range $55.33 - $72.12

Q1 2016

Shares 15,625 Value ($000) $960 Avg Close $59.82 Range $50.23 - $66.09

Q4 2015

Shares 15,525 Value ($000) $943 Avg Close $58.12 Range $51.76 - $63.89

Q3 2015

Shares 18,525 Value ($000) $1,018 Avg Close $51.75 Range $46.39 - $55.88

Q2 2015

Shares 19,425 Value ($000) $1,084 Avg Close $61.03 Range $54.10 - $71.58

Q1 2015

Shares 19,525 Value ($000) $1,413 Avg Close $68.30 Range $64.83 - $71.90

Q4 2014

Shares 20,425 Value ($000) $1,406 Avg Close $57.70 Range $47.35 - $68.21

Q3 2014

Shares 20,425 Value ($000) $1,084 Avg Close $50.27 Range $45.88 - $54.80

Q2 2014

Shares 20,925 Value ($000) $1,023 Avg Close $45.04 Range $38.73 - $51.26

Q1 2014

Shares 20,925 Value ($000) $849 Avg Close $39.32 Range $36.05 - $42.65

Q4 2013

Shares 20,825 Value ($000) $865 Avg Close $41.23 Range $38.17 - $45.60

Q3 2013

Shares 20,725 Value ($000) $837 Avg Close $38.02 Range $35.11 - $40.42

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	4,024	$1,624	$383.35	$349.22 - $413.97
Q3 2025	4,224	$1,640	$394.84	$344.15 - $436.63
Q2 2025	4,324	$1,759	$452.94	$384.23 - $520.87
Q1 2025	4,324	$2,031	$472.46	$427.36 - $518.07
Q4 2024	4,324	$2,170	$507.74	$467.15 - $558.09
Q3 2024	4,424	$2,180	$498.16	$442.88 - $548.81
Q2 2024	4,524	$2,124	$432.36	$378.91 - $486.37
Q1 2024	4,624	$1,938	$387.51	$347.32 - $422.52
Q4 2023	4,624	$1,649	$358.80	$336.46 - $378.11
Q3 2023	4,624	$1,580	$314.19	$279.24 - $344.27
Q2 2023	4,924	$1,532	$276.59	$245.55 - $310.68
Q1 2023	5,024	$1,296	$256.65	$228.67 - $277.44
Q4 2022	5,324	$1,488	$285.70	$263.51 - $318.04
Q3 2022	5,424	$1,491	$275.20	$227.20 - $298.11
Q2 2022	5,624	$1,310	$231.74	$196.34 - $258.27
Q1 2022	5,824	$1,165	$184.28	$161.40 - $200.39
Q4 2021	5,987	$1,193	$175.22	$156.63 - $197.27
Q3 2021	5,987	$1,001	$147.50	$128.17 - $168.08
Q2 2021	6,287	$838	$134.94	$123.71 - $143.87
Q1 2021	9,387	$1,357	$126.00	$116.34 - $155.15
Q4 2020	9,687	$1,268	$124.95	$113.81 - $134.34
Q3 2020	9,887	$1,268	$128.55	$107.52 - $140.06
Q2 2020	9,987	$1,124	$106.48	$77.67 - $115.42
Q1 2020	8,025	$677	$100.87	$76.55 - $113.98
Q4 2019	8,525	$997	$104.84	$81.83 - $117.85
Q3 2019	8,725	$744	$85.49	$78.68 - $92.06
Q2 2019	8,825	$742	$81.35	$77.28 - $86.10
Q1 2019	10,725	$918	$76.81	$70.05 - $83.49
Q4 2018	10,725	$822	$76.65	$68.02 - $83.49
Q3 2018	11,025	$942	$80.24	$70.34 - $85.87
Q2 2018	11,425	$849	$67.13	$59.34 - $79.17
Q1 2018	11,525	$839	$75.89	$65.70 - $87.18
Q4 2017	11,625	$934	$73.43	$66.61 - $79.03
Q3 2017	12,625	$871	$67.62	$62.01 - $77.74
Q2 2017	14,225	$1,054	$68.00	$62.24 - $73.08
Q1 2017	14,125	$1,037	$64.10	$58.75 - $71.81
Q4 2016	14,625	$899	$65.42	$55.53 - $71.33
Q3 2016	14,825	$1,058	$72.59	$68.06 - $78.19
Q2 2016	14,825	$1,099	$63.31	$55.33 - $72.12
Q1 2016	15,625	$960	$59.82	$50.23 - $66.09
Q4 2015	15,525	$943	$58.12	$51.76 - $63.89
Q3 2015	18,525	$1,018	$51.75	$46.39 - $55.88
Q2 2015	19,425	$1,084	$61.03	$54.10 - $71.58
Q1 2015	19,525	$1,413	$68.30	$64.83 - $71.90
Q4 2014	20,425	$1,406	$57.70	$47.35 - $68.21
Q3 2014	20,425	$1,084	$50.27	$45.88 - $54.80
Q2 2014	20,925	$1,023	$45.04	$38.73 - $51.26
Q1 2014	20,925	$849	$39.32	$36.05 - $42.65
Q4 2013	20,825	$865	$41.23	$38.17 - $45.60
Q3 2013	20,725	$837	$38.02	$35.11 - $40.42