RYAN SPECIALTY HOLDINGS INC

Ticker: RYAN CUSIP: 78351F107 Class: EQTY

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

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

Q4 2025

Shares 26,800 Value ($000) $1,384 Avg Close $54.85 Range $50.29 - $59.19

Q3 2025

Shares 26,800 Value ($000) $1,510 Avg Close $59.24 Range $50.08 - $68.30

Q2 2025

Shares 25,900 Value ($000) $1,761 Avg Close $69.02 Range $62.71 - $77.16

Q1 2025

Shares 25,500 Value ($000) $1,884 Avg Close $67.96 Range $59.89 - $74.76

Q4 2024

Shares 25,200 Value ($000) $1,617 Avg Close $69.62 Range $61.60 - $75.97

Q3 2024

Shares 24,300 Value ($000) $1,613 Avg Close $62.47 Range $55.67 - $69.03

Q2 2024

Shares 28,000 Value ($000) $1,621 Avg Close $53.37 Range $48.48 - $61.29

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	26,800	$1,384	$54.85	$50.29 - $59.19
Q3 2025	26,800	$1,510	$59.24	$50.08 - $68.30
Q2 2025	25,900	$1,761	$69.02	$62.71 - $77.16
Q1 2025	25,500	$1,884	$67.96	$59.89 - $74.76
Q4 2024	25,200	$1,617	$69.62	$61.60 - $75.97
Q3 2024	24,300	$1,613	$62.47	$55.67 - $69.03
Q2 2024	28,000	$1,621	$53.37	$48.48 - $61.29