PHILIP MORRIS INTL INC

Ticker: PM CUSIP: 718172109 Class: Common Stock

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

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

Q4 2025

Shares 407,558 Value ($000) $65,372 Avg Close $153.57 Range $140.83 - $162.62

Q3 2025

Shares 420,958 Value ($000) $68,279 Avg Close $165.18 Range $152.86 - $180.63

Q2 2025

Shares 423,258 Value ($000) $77,088 Avg Close $167.37 Range $141.37 - $181.91

Q1 2025

Shares 421,758 Value ($000) $66,946 Avg Close $136.99 Range $112.16 - $155.27

Q4 2024

Shares 421,958 Value ($000) $50,783 Avg Close $120.59 Range $112.27 - $128.15

Q3 2024

Shares 423,458 Value ($000) $51,408 Avg Close $109.82 Range $95.22 - $121.13

Q2 2024

Shares 425,758 Value ($000) $43,142 Avg Close $91.29 Range $81.90 - $97.82

Q1 2024

Shares 425,358 Value ($000) $38,971 Avg Close $84.95 Range $81.22 - $89.05

Q4 2023

Shares 425,058 Value ($000) $39,989 Avg Close $83.71 Range $79.14 - $87.62

Q3 2023

Shares 425,558 Value ($000) $39,398 Avg Close $86.18 Range $81.71 - $90.09

Q2 2023

Shares 426,858 Value ($000) $41,670 Avg Close $84.48 Range $78.65 - $89.98

Q1 2023

Shares 425,658 Value ($000) $41,395 Avg Close $86.95 Range $79.53 - $92.01

Q4 2022

Shares 421,358 Value ($000) $42,646 Avg Close $81.30 Range $72.03 - $89.86

Q3 2022

Shares 419,558 Value ($000) $34,828 Avg Close $80.94 Range $71.26 - $86.66

Q2 2022

Shares 418,258 Value ($000) $41,299 Avg Close $85.41 Range $79.22 - $91.97

Q1 2022

Shares 390,858 Value ($000) $36,717 Avg Close $82.79 Range $73.03 - $92.95

Q4 2021

Shares 391,951 Value ($000) $37,235 Avg Close $76.31 Range $69.82 - $81.31

Q3 2021

Shares 391,351 Value ($000) $37,096 Avg Close $81.05 Range $75.65 - $85.77

Q2 2021

Shares 802,351 Value ($000) $79,521 Avg Close $76.42 Range $69.48 - $80.32

Q1 2021

Shares 929,851 Value ($000) $82,515 Avg Close $66.81 Range $61.51 - $72.50

Q4 2020

Shares 930,651 Value ($000) $77,049 Avg Close $60.35 Range $53.35 - $67.03

Q3 2020

Shares 936,351 Value ($000) $70,217 Avg Close $58.86 Range $52.85 - $62.92

Q2 2020

Shares 936,651 Value ($000) $65,622 Avg Close $54.79 Range $50.13 - $59.15

Q1 2020

Shares 895,665 Value ($000) $65,348 Avg Close $60.74 Range $42.00 - $66.43

Q4 2019

Shares 915,265 Value ($000) $77,880 Avg Close $60.01 Range $55.09 - $64.15

Q3 2019

Shares 934,665 Value ($000) $70,969 Avg Close $56.72 Range $49.52 - $64.32

Q2 2019

Shares 933,065 Value ($000) $73,274 Avg Close $58.27 Range $53.58 - $62.74

Q1 2019

Shares 1,008,565 Value ($000) $89,147 Avg Close $56.07 Range $45.72 - $64.49

Q4 2018

Shares 1,005,665 Value ($000) $67,138 Avg Close $57.29 Range $44.97 - $63.48

Q3 2018

Shares 869,965 Value ($000) $70,937 Avg Close $55.49 Range $51.68 - $59.05

Q2 2018

Shares 867,065 Value ($000) $70,007 Avg Close $56.59 Range $50.75 - $68.95

Q1 2018

Shares 621,765 Value ($000) $61,803 Avg Close $68.70 Range $63.60 - $73.29

Q4 2017

Shares 619,765 Value ($000) $65,478 Avg Close $69.58 Range $66.26 - $75.19

Q3 2017

Shares 635,765 Value ($000) $70,576 Avg Close $75.24 Range $70.63 - $78.63

Q2 2017

Shares 777,365 Value ($000) $91,302 Avg Close $74.28 Range $69.54 - $79.15

Q1 2017

Shares 776,465 Value ($000) $87,663 Avg Close $65.59 Range $57.11 - $73.45

Q4 2016

Shares 793,265 Value ($000) $72,576 Avg Close $58.23 Range $54.46 - $61.63

Q3 2016

Shares 827,345 Value ($000) $80,434 Avg Close $62.27 Range $60.22 - $64.72

Q2 2016

Shares 864,445 Value ($000) $87,931 Avg Close $61.40 Range $58.97 - $63.30

Q1 2016

Shares 871,245 Value ($000) $85,478 Avg Close $55.87 Range $51.40 - $61.20

Q4 2015

Shares 946,045 Value ($000) $83,167 Avg Close $52.28 Range $47.15 - $54.45

Q3 2015

Shares 1,033,945 Value ($000) $82,023 Avg Close $48.90 Range $45.45 - $51.37

Q2 2015

Shares 1,046,050 Value ($000) $83,862 Avg Close $48.32 Range $44.16 - $50.98

Q1 2015

Shares 1,158,350 Value ($000) $87,259 Avg Close $47.07 Range $44.17 - $49.41

Q4 2014

Shares 2,531,950 Value ($000) $206,227 Avg Close $49.22 Range $46.45 - $51.65

Q3 2014

Shares 2,527,045 Value ($000) $210,756 Avg Close $47.89 Range $45.93 - $49.13

Q2 2014

Shares 2,343,445 Value ($000) $197,576 Avg Close $48.23 Range $45.73 - $51.29

Q1 2014

Shares 2,246,345 Value ($000) $183,908 Avg Close $44.74 Range $41.65 - $48.24

Q4 2013

Shares 1,718,145 Value ($000) $149,702 Avg Close $47.83 Range $45.86 - $50.23

Q3 2013

Shares 1,634,245 Value ($000) $141,509 Avg Close $47.38 Range $44.86 - $49.49

Q2 2013

Shares 1,553,856 Value ($000) $134,595 Avg Close $49.85 Range $46.13 - $51.86

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	407,558	$65,372	$153.57	$140.83 - $162.62
Q3 2025	420,958	$68,279	$165.18	$152.86 - $180.63
Q2 2025	423,258	$77,088	$167.37	$141.37 - $181.91
Q1 2025	421,758	$66,946	$136.99	$112.16 - $155.27
Q4 2024	421,958	$50,783	$120.59	$112.27 - $128.15
Q3 2024	423,458	$51,408	$109.82	$95.22 - $121.13
Q2 2024	425,758	$43,142	$91.29	$81.90 - $97.82
Q1 2024	425,358	$38,971	$84.95	$81.22 - $89.05
Q4 2023	425,058	$39,989	$83.71	$79.14 - $87.62
Q3 2023	425,558	$39,398	$86.18	$81.71 - $90.09
Q2 2023	426,858	$41,670	$84.48	$78.65 - $89.98
Q1 2023	425,658	$41,395	$86.95	$79.53 - $92.01
Q4 2022	421,358	$42,646	$81.30	$72.03 - $89.86
Q3 2022	419,558	$34,828	$80.94	$71.26 - $86.66
Q2 2022	418,258	$41,299	$85.41	$79.22 - $91.97
Q1 2022	390,858	$36,717	$82.79	$73.03 - $92.95
Q4 2021	391,951	$37,235	$76.31	$69.82 - $81.31
Q3 2021	391,351	$37,096	$81.05	$75.65 - $85.77
Q2 2021	802,351	$79,521	$76.42	$69.48 - $80.32
Q1 2021	929,851	$82,515	$66.81	$61.51 - $72.50
Q4 2020	930,651	$77,049	$60.35	$53.35 - $67.03
Q3 2020	936,351	$70,217	$58.86	$52.85 - $62.92
Q2 2020	936,651	$65,622	$54.79	$50.13 - $59.15
Q1 2020	895,665	$65,348	$60.74	$42.00 - $66.43
Q4 2019	915,265	$77,880	$60.01	$55.09 - $64.15
Q3 2019	934,665	$70,969	$56.72	$49.52 - $64.32
Q2 2019	933,065	$73,274	$58.27	$53.58 - $62.74
Q1 2019	1,008,565	$89,147	$56.07	$45.72 - $64.49
Q4 2018	1,005,665	$67,138	$57.29	$44.97 - $63.48
Q3 2018	869,965	$70,937	$55.49	$51.68 - $59.05
Q2 2018	867,065	$70,007	$56.59	$50.75 - $68.95
Q1 2018	621,765	$61,803	$68.70	$63.60 - $73.29
Q4 2017	619,765	$65,478	$69.58	$66.26 - $75.19
Q3 2017	635,765	$70,576	$75.24	$70.63 - $78.63
Q2 2017	777,365	$91,302	$74.28	$69.54 - $79.15
Q1 2017	776,465	$87,663	$65.59	$57.11 - $73.45
Q4 2016	793,265	$72,576	$58.23	$54.46 - $61.63
Q3 2016	827,345	$80,434	$62.27	$60.22 - $64.72
Q2 2016	864,445	$87,931	$61.40	$58.97 - $63.30
Q1 2016	871,245	$85,478	$55.87	$51.40 - $61.20
Q4 2015	946,045	$83,167	$52.28	$47.15 - $54.45
Q3 2015	1,033,945	$82,023	$48.90	$45.45 - $51.37
Q2 2015	1,046,050	$83,862	$48.32	$44.16 - $50.98
Q1 2015	1,158,350	$87,259	$47.07	$44.17 - $49.41
Q4 2014	2,531,950	$206,227	$49.22	$46.45 - $51.65
Q3 2014	2,527,045	$210,756	$47.89	$45.93 - $49.13
Q2 2014	2,343,445	$197,576	$48.23	$45.73 - $51.29
Q1 2014	2,246,345	$183,908	$44.74	$41.65 - $48.24
Q4 2013	1,718,145	$149,702	$47.83	$45.86 - $50.23
Q3 2013	1,634,245	$141,509	$47.38	$44.86 - $49.49
Q2 2013	1,553,856	$134,595	$49.85	$46.13 - $51.86