POLARIS INC

Ticker: PII CUSIP: 731068102 Class: COM

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

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

Q4 2025

Shares 12,579 Value ($000) $796 Avg Close $65.84 Range $55.71 - $75.25

Q3 2025

Shares 12,679 Value ($000) $737 Avg Close $53.92 Range $40.23 - $61.28

Q2 2025

Shares 12,679 Value ($000) $515 Avg Close $37.69 Range $30.92 - $43.51

Q1 2025

Shares 12,379 Value ($000) $507 Avg Close $47.61 Range $39.29 - $59.65

Q4 2024

Shares 12,379 Value ($000) $713 Avg Close $69.58 Range $55.55 - $84.08

Q3 2024

Shares 12,479 Value ($000) $1,039 Avg Close $81.24 Range $71.90 - $88.00

Q2 2024

Shares 12,779 Value ($000) $1,001 Avg Close $84.70 Range $75.54 - $100.91

Q1 2024

Shares 13,079 Value ($000) $1,309 Avg Close $91.85 Range $85.63 - $100.77

Q4 2023

Shares 12,779 Value ($000) $1,211 Avg Close $91.60 Range $82.00 - $104.32

Q3 2023

Shares 12,779 Value ($000) $1,331 Avg Close $118.80 Range $100.72 - $138.49

Q2 2023

Shares 13,179 Value ($000) $1,594 Avg Close $110.52 Range $100.92 - $122.49

Q1 2023

Shares 13,779 Value ($000) $1,524 Avg Close $110.79 Range $99.45 - $121.57

Q4 2022

Shares 13,879 Value ($000) $1,402 Avg Close $104.18 Range $91.86 - $116.96

Q3 2022

Shares 14,079 Value ($000) $1,347 Avg Close $112.10 Range $95.21 - $123.87

Q2 2022

Shares 14,179 Value ($000) $1,408 Avg Close $103.59 Range $94.24 - $112.35

Q1 2022

Shares 14,479 Value ($000) $1,525 Avg Close $113.96 Range $102.34 - $127.37

Q4 2021

Shares 14,424 Value ($000) $1,585 Avg Close $117.80 Range $100.52 - $132.50

Q3 2021

Shares 14,224 Value ($000) $1,702 Avg Close $127.09 Range $114.21 - $139.79

Q2 2021

Shares 14,524 Value ($000) $1,989 Avg Close $135.56 Range $122.67 - $147.73

Q1 2021

Shares 21,624 Value ($000) $2,887 Avg Close $121.88 Range $94.42 - $140.93

Q4 2020

Shares 21,124 Value ($000) $2,013 Avg Close $95.69 Range $88.68 - $105.00

Q3 2020

Shares 21,024 Value ($000) $1,983 Avg Close $98.46 Range $86.67 - $110.30

Q2 2020

Shares 20,924 Value ($000) $1,937 Avg Close $76.21 Range $37.35 - $104.22

Q1 2020

Shares 15,900 Value ($000) $766 Avg Close $82.03 Range $41.14 - $103.09

Q4 2019

Shares 16,900 Value ($000) $1,719 Avg Close $97.04 Range $81.97 - $104.37

Q3 2019

Shares 16,700 Value ($000) $1,470 Avg Close $86.72 Range $77.05 - $96.68

Q2 2019

Shares 17,000 Value ($000) $1,551 Avg Close $91.06 Range $79.01 - $103.19

Q1 2019

Shares 20,400 Value ($000) $1,722 Avg Close $84.84 Range $74.60 - $92.37

Q4 2018

Shares 20,700 Value ($000) $1,587 Avg Close $89.86 Range $70.27 - $104.20

Q3 2018

Shares 21,600 Value ($000) $2,181 Avg Close $111.67 Range $100.69 - $128.98

Q2 2018

Shares 21,600 Value ($000) $2,639 Avg Close $116.99 Range $103.45 - $131.25

Q1 2018

Shares 21,400 Value ($000) $2,451 Avg Close $120.31 Range $102.20 - $137.66

Q4 2017

Shares 20,900 Value ($000) $2,591 Avg Close $118.67 Range $101.06 - $134.67

Q3 2017

Shares 21,900 Value ($000) $2,291 Avg Close $94.74 Range $86.51 - $108.46

Q2 2017

Shares 24,100 Value ($000) $2,223 Avg Close $85.76 Range $77.91 - $95.75

Q1 2017

Shares 23,800 Value ($000) $1,994 Avg Close $86.07 Range $81.19 - $91.90

Q4 2016

Shares 24,000 Value ($000) $1,977 Avg Close $81.56 Range $73.07 - $92.50

Q3 2016

Shares 24,000 Value ($000) $1,859 Avg Close $86.86 Range $70.14 - $99.00

Q2 2016

Shares 24,100 Value ($000) $1,970 Avg Close $88.64 Range $77.58 - $104.25

Q1 2016

Shares 24,100 Value ($000) $2,373 Avg Close $86.74 Range $67.80 - $100.95

Q4 2015

Shares 24,100 Value ($000) $2,071 Avg Close $106.00 Range $81.42 - $124.39

Q3 2015

Shares 28,000 Value ($000) $3,356 Avg Close $135.73 Range $117.01 - $156.35

Q2 2015

Shares 27,900 Value ($000) $4,132 Avg Close $143.89 Range $136.16 - $152.50

Q1 2015

Shares 27,700 Value ($000) $3,908 Avg Close $147.36 Range $134.54 - $158.24

Q4 2014

Shares 29,100 Value ($000) $4,401 Avg Close $150.00 Range $138.21 - $159.33

Q3 2014

Shares 28,800 Value ($000) $4,314 Avg Close $144.52 Range $130.00 - $152.88

Q2 2014

Shares 31,100 Value ($000) $4,050 Avg Close $132.43 Range $124.73 - $143.98

Q1 2014

Shares 30,900 Value ($000) $4,317 Avg Close $134.91 Range $118.80 - $146.99

Q4 2013

Shares 30,200 Value ($000) $4,398 Avg Close $133.86 Range $122.72 - $146.41

Q3 2013

Shares 29,800 Value ($000) $3,850 Avg Close $112.28 Range $95.23 - $130.40

Q2 2013

Shares 29,400 Value ($000) $2,793 Avg Close $90.50 Range $83.20 - $97.96

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	12,579	$796	$65.84	$55.71 - $75.25
Q3 2025	12,679	$737	$53.92	$40.23 - $61.28
Q2 2025	12,679	$515	$37.69	$30.92 - $43.51
Q1 2025	12,379	$507	$47.61	$39.29 - $59.65
Q4 2024	12,379	$713	$69.58	$55.55 - $84.08
Q3 2024	12,479	$1,039	$81.24	$71.90 - $88.00
Q2 2024	12,779	$1,001	$84.70	$75.54 - $100.91
Q1 2024	13,079	$1,309	$91.85	$85.63 - $100.77
Q4 2023	12,779	$1,211	$91.60	$82.00 - $104.32
Q3 2023	12,779	$1,331	$118.80	$100.72 - $138.49
Q2 2023	13,179	$1,594	$110.52	$100.92 - $122.49
Q1 2023	13,779	$1,524	$110.79	$99.45 - $121.57
Q4 2022	13,879	$1,402	$104.18	$91.86 - $116.96
Q3 2022	14,079	$1,347	$112.10	$95.21 - $123.87
Q2 2022	14,179	$1,408	$103.59	$94.24 - $112.35
Q1 2022	14,479	$1,525	$113.96	$102.34 - $127.37
Q4 2021	14,424	$1,585	$117.80	$100.52 - $132.50
Q3 2021	14,224	$1,702	$127.09	$114.21 - $139.79
Q2 2021	14,524	$1,989	$135.56	$122.67 - $147.73
Q1 2021	21,624	$2,887	$121.88	$94.42 - $140.93
Q4 2020	21,124	$2,013	$95.69	$88.68 - $105.00
Q3 2020	21,024	$1,983	$98.46	$86.67 - $110.30
Q2 2020	20,924	$1,937	$76.21	$37.35 - $104.22
Q1 2020	15,900	$766	$82.03	$41.14 - $103.09
Q4 2019	16,900	$1,719	$97.04	$81.97 - $104.37
Q3 2019	16,700	$1,470	$86.72	$77.05 - $96.68
Q2 2019	17,000	$1,551	$91.06	$79.01 - $103.19
Q1 2019	20,400	$1,722	$84.84	$74.60 - $92.37
Q4 2018	20,700	$1,587	$89.86	$70.27 - $104.20
Q3 2018	21,600	$2,181	$111.67	$100.69 - $128.98
Q2 2018	21,600	$2,639	$116.99	$103.45 - $131.25
Q1 2018	21,400	$2,451	$120.31	$102.20 - $137.66
Q4 2017	20,900	$2,591	$118.67	$101.06 - $134.67
Q3 2017	21,900	$2,291	$94.74	$86.51 - $108.46
Q2 2017	24,100	$2,223	$85.76	$77.91 - $95.75
Q1 2017	23,800	$1,994	$86.07	$81.19 - $91.90
Q4 2016	24,000	$1,977	$81.56	$73.07 - $92.50
Q3 2016	24,000	$1,859	$86.86	$70.14 - $99.00
Q2 2016	24,100	$1,970	$88.64	$77.58 - $104.25
Q1 2016	24,100	$2,373	$86.74	$67.80 - $100.95
Q4 2015	24,100	$2,071	$106.00	$81.42 - $124.39
Q3 2015	28,000	$3,356	$135.73	$117.01 - $156.35
Q2 2015	27,900	$4,132	$143.89	$136.16 - $152.50
Q1 2015	27,700	$3,908	$147.36	$134.54 - $158.24
Q4 2014	29,100	$4,401	$150.00	$138.21 - $159.33
Q3 2014	28,800	$4,314	$144.52	$130.00 - $152.88
Q2 2014	31,100	$4,050	$132.43	$124.73 - $143.98
Q1 2014	30,900	$4,317	$134.91	$118.80 - $146.99
Q4 2013	30,200	$4,398	$133.86	$122.72 - $146.41
Q3 2013	29,800	$3,850	$112.28	$95.23 - $130.40
Q2 2013	29,400	$2,793	$90.50	$83.20 - $97.96