SHOPIFY INC

Ticker: SHOP CUSIP: 82509L107 Class: CL A

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

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

Q4 2025
Shares 117,200 Value ($000) $18,866 Avg Close $160.56 Range $136.18 - $182.19
Q3 2025
Shares 117,200 Value ($000) $17,417 Avg Close $135.57 Range $111.33 - $159.01
Q2 2025
Shares 117,200 Value ($000) $13,519 Avg Close $100.02 Range $69.84 - $117.36
Q1 2025
Shares 117,200 Value ($000) $11,179 Avg Close $108.97 Range $89.10 - $129.38
Q4 2024
Shares 138,700 Value ($000) $14,748 Avg Close $97.26 Range $77.12 - $120.72
Q3 2024
Shares 160,000 Value ($000) $12,822 Avg Close $69.07 Range $48.56 - $81.15
Q2 2024
Shares 160,000 Value ($000) $10,568 Avg Close $66.33 Range $56.31 - $79.29
Q1 2024
Shares 160,000 Value ($000) $12,347 Avg Close $79.00 Range $70.61 - $91.57
Q4 2023
Shares 160,000 Value ($000) $12,464 Avg Close $63.86 Range $45.50 - $79.99
Q3 2023
Shares 160,000 Value ($000) $8,731 Avg Close $60.59 Range $50.59 - $71.43
Q2 2023
Shares 160,000 Value ($000) $10,336 Avg Close $56.53 Range $43.50 - $67.36
Q1 2023
Shares 160,000 Value ($000) $7,670 Avg Close $44.00 Range $34.65 - $54.66
Q4 2022
Shares 160,000 Value ($000) $5,554 Avg Close $34.15 Range $23.63 - $45.06
Q3 2022
Shares 160,000 Value ($000) $4,310 Avg Close $34.02 Range $26.38 - $45.43
Q2 2022
Shares 162,210 Value ($000) $5,067 Avg Close $42.70 Range $29.76 - $74.13
Q1 2016
Shares 9,504 Value ($000) $268 Avg Close $2.37 Range $1.85 - $2.88