NVR INC

Ticker: NVR CUSIP: 62944T105 Class: EQTY

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

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

Q1 2020

Shares 50 Value ($000) $128 Avg Close $3586.02 Range $2043.01 - $4071.13

Q4 2019

Shares 50 Value ($000) $190 Avg Close $3702.25 Range $3315.61 - $3946.50

Q3 2019

Shares 630 Value ($000) $2,342 Avg Close $3520.81 Range $3245.68 - $3770.00

Q2 2019

Shares 630 Value ($000) $2,123 Avg Close $3207.18 Range $2744.73 - $3489.00

Q1 2019

Shares 620 Value ($000) $1,716 Avg Close $2631.79 Range $2285.00 - $2893.75

Q4 2018

Shares 820 Value ($000) $1,998 Avg Close $2364.15 Range $2040.71 - $2580.96

Q2 2018

Shares 790 Value ($000) $2,347 Avg Close $3060.28 Range $2862.20 - $3233.00

Q1 2018

Shares 1,060 Value ($000) $2,968 Avg Close $3179.30 Range $2738.76 - $3700.00

Q4 2017

Shares 1,050 Value ($000) $3,684 Avg Close $3254.55 Range $2828.00 - $3536.97

Q3 2017

Shares 1,050 Value ($000) $2,998 Avg Close $2679.58 Range $2393.82 - $2891.43

Q2 2017

Shares 1,350 Value ($000) $3,254 Avg Close $2254.34 Range $2028.99 - $2510.76

Q1 2017

Shares 1,630 Value ($000) $3,434 Avg Close $1894.29 Range $1631.78 - $2115.00

Q4 2016

Shares 1,660 Value ($000) $2,771 Avg Close $1596.56 Range $1478.04 - $1695.41

Q3 2016

Shares 1,640 Value ($000) $2,689 Avg Close $1703.92 Range $1633.00 - $1845.37

Q2 2016

Shares 1,610 Value ($000) $2,866 Avg Close $1709.51 Range $1606.75 - $1801.94

Q1 2016

Shares 1,220 Value ($000) $2,114 Avg Close $1617.32 Range $1462.02 - $1820.00

Q4 2015

Shares 1,230 Value ($000) $2,021 Avg Close $1636.54 Range $1500.23 - $1721.95

Q3 2015

Shares 1,240 Value ($000) $1,891 Avg Close $1493.76 Range $1317.23 - $1610.00

Q2 2015

Shares 1,210 Value ($000) $1,621 Avg Close $1349.27 Range $1292.11 - $1387.40

Q1 2015

Shares 1,200 Value ($000) $1,594 Avg Close $1308.45 Range $1187.84 - $1377.76

Q4 2014

Shares 1,290 Value ($000) $1,645 Avg Close $1212.22 Range $1050.95 - $1284.50

Q3 2014

Shares 1,100 Value ($000) $1,243 Avg Close $1144.58 Range $1040.83 - $1200.00

Q2 2014

Shares 1,200 Value ($000) $1,381 Avg Close $1116.05 Range $1027.00 - $1173.78

Q1 2014

Shares 1,200 Value ($000) $1,376 Avg Close $1125.83 Range $991.05 - $1220.95

Q4 2013

Shares 1,200 Value ($000) $1,231 Avg Close $949.39 Range $883.96 - $1042.55

Q3 2013

Shares 800 Value ($000) $735 Avg Close $904.60 Range $830.00 - $967.00

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	50	$128	$3586.02	$2043.01 - $4071.13
Q4 2019	50	$190	$3702.25	$3315.61 - $3946.50
Q3 2019	630	$2,342	$3520.81	$3245.68 - $3770.00
Q2 2019	630	$2,123	$3207.18	$2744.73 - $3489.00
Q1 2019	620	$1,716	$2631.79	$2285.00 - $2893.75
Q4 2018	820	$1,998	$2364.15	$2040.71 - $2580.96
Q2 2018	790	$2,347	$3060.28	$2862.20 - $3233.00
Q1 2018	1,060	$2,968	$3179.30	$2738.76 - $3700.00
Q4 2017	1,050	$3,684	$3254.55	$2828.00 - $3536.97
Q3 2017	1,050	$2,998	$2679.58	$2393.82 - $2891.43
Q2 2017	1,350	$3,254	$2254.34	$2028.99 - $2510.76
Q1 2017	1,630	$3,434	$1894.29	$1631.78 - $2115.00
Q4 2016	1,660	$2,771	$1596.56	$1478.04 - $1695.41
Q3 2016	1,640	$2,689	$1703.92	$1633.00 - $1845.37
Q2 2016	1,610	$2,866	$1709.51	$1606.75 - $1801.94
Q1 2016	1,220	$2,114	$1617.32	$1462.02 - $1820.00
Q4 2015	1,230	$2,021	$1636.54	$1500.23 - $1721.95
Q3 2015	1,240	$1,891	$1493.76	$1317.23 - $1610.00
Q2 2015	1,210	$1,621	$1349.27	$1292.11 - $1387.40
Q1 2015	1,200	$1,594	$1308.45	$1187.84 - $1377.76
Q4 2014	1,290	$1,645	$1212.22	$1050.95 - $1284.50
Q3 2014	1,100	$1,243	$1144.58	$1040.83 - $1200.00
Q2 2014	1,200	$1,381	$1116.05	$1027.00 - $1173.78
Q1 2014	1,200	$1,376	$1125.83	$991.05 - $1220.95
Q4 2013	1,200	$1,231	$949.39	$883.96 - $1042.55
Q3 2013	800	$735	$904.60	$830.00 - $967.00