SOUTHWEST AIRLS CO

Ticker: LUV CUSIP: 844741108 Class: COM

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

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

Q4 2025

Shares 135,403 Value ($000) $5,596 Avg Close $34.79 Range $29.13 - $43.35

Q3 2025

Shares 142,003 Value ($000) $4,531 Avg Close $32.43 Range $28.69 - $37.58

Q2 2025

Shares 155,003 Value ($000) $5,028 Avg Close $29.68 Range $23.45 - $34.08

Q1 2025

Shares 168,703 Value ($000) $5,665 Avg Close $31.03 Range $27.06 - $34.69

Q4 2024

Shares 170,703 Value ($000) $5,739 Avg Close $31.07 Range $27.82 - $35.16

Q3 2024

Shares 171,403 Value ($000) $5,079 Avg Close $26.84 Range $22.82 - $30.80

Q2 2024

Shares 172,103 Value ($000) $4,924 Avg Close $26.85 Range $23.65 - $29.18

Q1 2024

Shares 172,003 Value ($000) $5,021 Avg Close $29.65 Range $26.06 - $33.70

Q4 2023

Shares 171,703 Value ($000) $4,959 Avg Close $24.74 Range $20.83 - $28.98

Q3 2023

Shares 169,703 Value ($000) $4,594 Avg Close $30.88 Range $25.15 - $37.36

Q2 2023

Shares 171,103 Value ($000) $6,196 Avg Close $29.51 Range $26.70 - $34.25

Q1 2023

Shares 168,903 Value ($000) $5,496 Avg Close $31.85 Range $27.22 - $35.27

Q4 2022

Shares 167,103 Value ($000) $5,626 Avg Close $33.54 Range $28.10 - $37.57

Q3 2022

Shares 163,303 Value ($000) $5,036 Avg Close $34.85 Range $28.65 - $38.85

Q2 2022

Shares 162,703 Value ($000) $5,877 Avg Close $40.00 Range $31.97 - $46.61

Q1 2022

Shares 149,503 Value ($000) $6,847 Avg Close $40.90 Range $34.19 - $44.42

Q4 2021

Shares 149,007 Value ($000) $6,383 Avg Close $43.68 Range $35.97 - $52.41

Q3 2021

Shares 148,607 Value ($000) $7,643 Avg Close $46.99 Range $43.68 - $50.61

Q2 2021

Shares 148,707 Value ($000) $7,895 Avg Close $55.76 Range $48.89 - $60.24

Q1 2021

Shares 151,207 Value ($000) $9,233 Avg Close $49.50 Range $40.68 - $58.39

Q4 2020

Shares 151,407 Value ($000) $7,057 Avg Close $40.31 Range $33.54 - $46.08

Q3 2020

Shares 157,307 Value ($000) $5,899 Avg Close $33.06 Range $28.14 - $39.90

Q2 2020

Shares 137,007 Value ($000) $4,683 Avg Close $29.57 Range $20.91 - $39.40

Q1 2020

Shares 108,584 Value ($000) $3,867 Avg Close $45.99 Range $27.12 - $54.53

Q4 2019

Shares 114,584 Value ($000) $6,185 Avg Close $51.27 Range $47.29 - $54.04

Q3 2019

Shares 116,284 Value ($000) $6,280 Avg Close $48.23 Range $44.27 - $52.19

Q2 2019

Shares 116,984 Value ($000) $5,940 Avg Close $47.57 Range $43.47 - $50.31

Q1 2019

Shares 143,384 Value ($000) $7,443 Avg Close $48.28 Range $40.79 - $53.74

Q4 2018

Shares 144,884 Value ($000) $6,734 Avg Close $48.46 Range $40.49 - $57.62

Q3 2018

Shares 153,684 Value ($000) $9,598 Avg Close $53.25 Range $45.92 - $58.36

Q2 2018

Shares 157,884 Value ($000) $8,033 Avg Close $47.77 Range $45.40 - $51.84

Q1 2018

Shares 159,284 Value ($000) $9,124 Avg Close $54.35 Range $48.85 - $60.17

Q4 2017

Shares 159,984 Value ($000) $10,471 Avg Close $53.12 Range $47.64 - $60.59

Q3 2017

Shares 167,084 Value ($000) $9,353 Avg Close $50.59 Range $44.92 - $57.99

Q2 2017

Shares 198,684 Value ($000) $12,346 Avg Close $52.33 Range $47.52 - $56.51

Q1 2017

Shares 202,084 Value ($000) $10,864 Avg Close $48.27 Range $43.70 - $53.54

Q4 2016

Shares 201,284 Value ($000) $10,032 Avg Close $40.16 Range $33.04 - $46.03

Q3 2016

Shares 216,476 Value ($000) $8,419 Avg Close $33.98 Range $31.62 - $40.18

Q2 2016

Shares 221,876 Value ($000) $8,700 Avg Close $38.15 Range $32.57 - $42.75

Q1 2016

Shares 219,676 Value ($000) $9,841 Avg Close $36.21 Range $30.19 - $40.43

Q4 2015

Shares 222,476 Value ($000) $9,580 Avg Close $39.33 Range $32.85 - $45.58

Q3 2015

Shares 238,276 Value ($000) $9,064 Avg Close $32.73 Range $27.79 - $36.28

Q2 2015

Shares 259,176 Value ($000) $8,576 Avg Close $34.60 Range $29.26 - $39.08

Q1 2015

Shares 260,776 Value ($000) $11,552 Avg Close $38.60 Range $33.79 - $41.66

Q4 2014

Shares 279,576 Value ($000) $11,832 Avg Close $32.93 Range $25.04 - $38.14

Q3 2014

Shares 280,876 Value ($000) $9,485 Avg Close $26.90 Range $22.76 - $31.30

Q2 2014

Shares 283,476 Value ($000) $7,614 Avg Close $22.15 Range $19.63 - $24.38

Q1 2014

Shares 286,476 Value ($000) $6,764 Avg Close $19.19 Range $16.46 - $21.22

Q4 2013

Shares 283,276 Value ($000) $5,337 Avg Close $15.26 Range $12.67 - $16.65

Q3 2013

Shares 287,276 Value ($000) $4,183 Avg Close $11.89 Range $10.97 - $12.96

Q2 2013

Shares 293,376 Value ($000) $3,782 Avg Close $11.86 Range $10.83 - $12.66

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	135,403	$5,596	$34.79	$29.13 - $43.35
Q3 2025	142,003	$4,531	$32.43	$28.69 - $37.58
Q2 2025	155,003	$5,028	$29.68	$23.45 - $34.08
Q1 2025	168,703	$5,665	$31.03	$27.06 - $34.69
Q4 2024	170,703	$5,739	$31.07	$27.82 - $35.16
Q3 2024	171,403	$5,079	$26.84	$22.82 - $30.80
Q2 2024	172,103	$4,924	$26.85	$23.65 - $29.18
Q1 2024	172,003	$5,021	$29.65	$26.06 - $33.70
Q4 2023	171,703	$4,959	$24.74	$20.83 - $28.98
Q3 2023	169,703	$4,594	$30.88	$25.15 - $37.36
Q2 2023	171,103	$6,196	$29.51	$26.70 - $34.25
Q1 2023	168,903	$5,496	$31.85	$27.22 - $35.27
Q4 2022	167,103	$5,626	$33.54	$28.10 - $37.57
Q3 2022	163,303	$5,036	$34.85	$28.65 - $38.85
Q2 2022	162,703	$5,877	$40.00	$31.97 - $46.61
Q1 2022	149,503	$6,847	$40.90	$34.19 - $44.42
Q4 2021	149,007	$6,383	$43.68	$35.97 - $52.41
Q3 2021	148,607	$7,643	$46.99	$43.68 - $50.61
Q2 2021	148,707	$7,895	$55.76	$48.89 - $60.24
Q1 2021	151,207	$9,233	$49.50	$40.68 - $58.39
Q4 2020	151,407	$7,057	$40.31	$33.54 - $46.08
Q3 2020	157,307	$5,899	$33.06	$28.14 - $39.90
Q2 2020	137,007	$4,683	$29.57	$20.91 - $39.40
Q1 2020	108,584	$3,867	$45.99	$27.12 - $54.53
Q4 2019	114,584	$6,185	$51.27	$47.29 - $54.04
Q3 2019	116,284	$6,280	$48.23	$44.27 - $52.19
Q2 2019	116,984	$5,940	$47.57	$43.47 - $50.31
Q1 2019	143,384	$7,443	$48.28	$40.79 - $53.74
Q4 2018	144,884	$6,734	$48.46	$40.49 - $57.62
Q3 2018	153,684	$9,598	$53.25	$45.92 - $58.36
Q2 2018	157,884	$8,033	$47.77	$45.40 - $51.84
Q1 2018	159,284	$9,124	$54.35	$48.85 - $60.17
Q4 2017	159,984	$10,471	$53.12	$47.64 - $60.59
Q3 2017	167,084	$9,353	$50.59	$44.92 - $57.99
Q2 2017	198,684	$12,346	$52.33	$47.52 - $56.51
Q1 2017	202,084	$10,864	$48.27	$43.70 - $53.54
Q4 2016	201,284	$10,032	$40.16	$33.04 - $46.03
Q3 2016	216,476	$8,419	$33.98	$31.62 - $40.18
Q2 2016	221,876	$8,700	$38.15	$32.57 - $42.75
Q1 2016	219,676	$9,841	$36.21	$30.19 - $40.43
Q4 2015	222,476	$9,580	$39.33	$32.85 - $45.58
Q3 2015	238,276	$9,064	$32.73	$27.79 - $36.28
Q2 2015	259,176	$8,576	$34.60	$29.26 - $39.08
Q1 2015	260,776	$11,552	$38.60	$33.79 - $41.66
Q4 2014	279,576	$11,832	$32.93	$25.04 - $38.14
Q3 2014	280,876	$9,485	$26.90	$22.76 - $31.30
Q2 2014	283,476	$7,614	$22.15	$19.63 - $24.38
Q1 2014	286,476	$6,764	$19.19	$16.46 - $21.22
Q4 2013	283,276	$5,337	$15.26	$12.67 - $16.65
Q3 2013	287,276	$4,183	$11.89	$10.97 - $12.96
Q2 2013	293,376	$3,782	$11.86	$10.83 - $12.66