STEEL DYNAMICS INC

Ticker: STLD CUSIP: 858119100 Class: COMMON STOCK

TEACHER RETIREMENT SYSTEM OF TEXAS's Holding History (CIK: 0000796848)

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

Q4 2025

Shares 27,954 Value ($000) $4,737 Avg Close $158.36 Range $137.70 - $177.84

Q3 2025

Shares 63,875 Value ($000) $8,906 Avg Close $130.39 Range $119.11 - $140.98

Q2 2025

Shares 74,629 Value ($000) $9,553 Avg Close $126.36 Range $102.11 - $140.95

Q1 2025

Shares 75,421 Value ($000) $9,434 Avg Close $124.96 Range $109.33 - $137.65

Q4 2024

Shares 114,993 Value ($000) $13 Avg Close $130.47 Range $111.65 - $152.72

Q3 2024

Shares 89,929 Value ($000) $11 Avg Close $118.85 Range $102.31 - $134.27

Q2 2024

Shares 112,119 Value ($000) $15 Avg Close $130.12 Range $115.35 - $147.49

Q1 2024

Shares 86,713 Value ($000) $13 Avg Close $122.14 Range $106.53 - $144.95

Q4 2023

Shares 131,284 Value ($000) $16 Avg Close $107.90 Range $95.11 - $124.46

Q3 2023

Shares 291,453 Value ($000) $31 Avg Close $100.40 Range $92.11 - $107.71

Q2 2023

Shares 291,537 Value ($000) $32 Avg Close $97.72 Range $86.96 - $110.55

Q1 2023

Shares 127,961 Value ($000) $14 Avg Close $111.23 Range $90.76 - $130.54

Q4 2022

Shares 130,809 Value ($000) $13 Avg Close $91.75 Range $68.70 - $107.85

Q3 2022

Shares 154,164 Value ($000) $10,938 Avg Close $71.84 Range $59.25 - $84.09

Q2 2022

Shares 111,397 Value ($000) $7,369 Avg Close $75.64 Range $60.78 - $94.76

Q1 2022

Shares 44,658 Value ($000) $3,726 Avg Close $63.45 Range $47.52 - $84.34

Q4 2021

Shares 119,029 Value ($000) $7,388 Avg Close $58.59 Range $52.93 - $64.63

Q3 2021

Shares 94,960 Value ($000) $5,553 Avg Close $59.61 Range $51.19 - $69.35

Q2 2021

Shares 109,018 Value ($000) $6,497 Avg Close $54.47 Range $45.84 - $62.09

Q1 2021

Shares 147,674 Value ($000) $7,496 Avg Close $38.96 Range $31.19 - $48.49

Q4 2020

Shares 245,764 Value ($000) $9,061 Avg Close $31.85 Range $25.96 - $36.89

Q3 2020

Shares 460,135 Value ($000) $13,174 Avg Close $26.10 Range $21.83 - $29.60

Q2 2020

Shares 477,595 Value ($000) $12,460 Avg Close $22.53 Range $18.48 - $27.00

Q1 2020

Shares 485,193 Value ($000) $10,936 Avg Close $24.36 Range $13.32 - $30.61

Q4 2019

Shares 611,956 Value ($000) $20,831 Avg Close $28.20 Range $24.32 - $31.60

Q3 2019

Shares 959,664 Value ($000) $28,598 Avg Close $25.87 Range $22.50 - $28.88

Q2 2019

Shares 1,176,648 Value ($000) $35,535 Avg Close $26.59 Range $21.75 - $31.41

Q1 2019

Shares 1,064,883 Value ($000) $37,558 Avg Close $30.67 Range $25.17 - $33.96

Q4 2018

Shares 1,253,045 Value ($000) $37,641 Avg Close $32.42 Range $24.79 - $39.93

Q3 2018

Shares 984,786 Value ($000) $44,502 Avg Close $39.33 Range $35.70 - $42.45

Q2 2018

Shares 707,224 Value ($000) $32,497 Avg Close $40.25 Range $36.27 - $44.32

Q1 2018

Shares 587,231 Value ($000) $25,967 Avg Close $39.00 Range $34.83 - $42.94

Q4 2017

Shares 539,197 Value ($000) $23,256 Avg Close $32.46 Range $28.33 - $37.17

Q3 2017

Shares 361,613 Value ($000) $12,465 Avg Close $29.48 Range $27.05 - $32.51

Q2 2017

Shares 417,455 Value ($000) $14,949 Avg Close $28.97 Range $26.88 - $31.37

Q1 2017

Shares 433,935 Value ($000) $15,084 Avg Close $29.67 Range $27.09 - $32.02

Q4 2016

Shares 582,571 Value ($000) $20,728 Avg Close $26.10 Range $19.35 - $33.31

Q3 2016

Shares 798,301 Value ($000) $19,950 Avg Close $21.06 Range $18.79 - $23.10

Q2 2016

Shares 411,638 Value ($000) $10,085 Avg Close $20.03 Range $17.68 - $22.12

Q1 2016

Shares 29,691 Value ($000) $668 Avg Close $15.36 Range $12.48 - $18.79

Q4 2015

Shares 22,369 Value ($000) $400 Avg Close $14.45 Range $13.12 - $15.93

Q3 2015

Shares 29,643 Value ($000) $509 Avg Close $15.53 Range $13.35 - $17.42

Q2 2015

Shares 956,461 Value ($000) $19,813 Avg Close $17.16 Range $15.54 - $18.46

Q1 2015

Shares 954,386 Value ($000) $19,183 Avg Close $14.75 Range $13.06 - $16.57

Q4 2014

Shares 954,371 Value ($000) $18,839 Avg Close $16.97 Range $14.81 - $18.55

Q3 2014

Shares 8,118 Value ($000) $184 Avg Close $17.12 Range $13.89 - $19.97

Q2 2014

Shares 8,174 Value ($000) $147 Avg Close $13.98 Range $13.22 - $14.83

Q1 2014

Shares 8,174 Value ($000) $145 Avg Close $13.53 Range $12.21 - $15.09

Q4 2013

Shares 8,246 Value ($000) $161 Avg Close $14.08 Range $12.49 - $15.25

Q3 2013

Shares 28,432 Value ($000) $475 Avg Close $12.11 Range $11.42 - $13.41

Q2 2013

Shares 14,998 Value ($000) $224 Avg Close $11.35 Range $10.49 - $12.29

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	27,954	$4,737	$158.36	$137.70 - $177.84
Q3 2025	63,875	$8,906	$130.39	$119.11 - $140.98
Q2 2025	74,629	$9,553	$126.36	$102.11 - $140.95
Q1 2025	75,421	$9,434	$124.96	$109.33 - $137.65
Q4 2024	114,993	$13	$130.47	$111.65 - $152.72
Q3 2024	89,929	$11	$118.85	$102.31 - $134.27
Q2 2024	112,119	$15	$130.12	$115.35 - $147.49
Q1 2024	86,713	$13	$122.14	$106.53 - $144.95
Q4 2023	131,284	$16	$107.90	$95.11 - $124.46
Q3 2023	291,453	$31	$100.40	$92.11 - $107.71
Q2 2023	291,537	$32	$97.72	$86.96 - $110.55
Q1 2023	127,961	$14	$111.23	$90.76 - $130.54
Q4 2022	130,809	$13	$91.75	$68.70 - $107.85
Q3 2022	154,164	$10,938	$71.84	$59.25 - $84.09
Q2 2022	111,397	$7,369	$75.64	$60.78 - $94.76
Q1 2022	44,658	$3,726	$63.45	$47.52 - $84.34
Q4 2021	119,029	$7,388	$58.59	$52.93 - $64.63
Q3 2021	94,960	$5,553	$59.61	$51.19 - $69.35
Q2 2021	109,018	$6,497	$54.47	$45.84 - $62.09
Q1 2021	147,674	$7,496	$38.96	$31.19 - $48.49
Q4 2020	245,764	$9,061	$31.85	$25.96 - $36.89
Q3 2020	460,135	$13,174	$26.10	$21.83 - $29.60
Q2 2020	477,595	$12,460	$22.53	$18.48 - $27.00
Q1 2020	485,193	$10,936	$24.36	$13.32 - $30.61
Q4 2019	611,956	$20,831	$28.20	$24.32 - $31.60
Q3 2019	959,664	$28,598	$25.87	$22.50 - $28.88
Q2 2019	1,176,648	$35,535	$26.59	$21.75 - $31.41
Q1 2019	1,064,883	$37,558	$30.67	$25.17 - $33.96
Q4 2018	1,253,045	$37,641	$32.42	$24.79 - $39.93
Q3 2018	984,786	$44,502	$39.33	$35.70 - $42.45
Q2 2018	707,224	$32,497	$40.25	$36.27 - $44.32
Q1 2018	587,231	$25,967	$39.00	$34.83 - $42.94
Q4 2017	539,197	$23,256	$32.46	$28.33 - $37.17
Q3 2017	361,613	$12,465	$29.48	$27.05 - $32.51
Q2 2017	417,455	$14,949	$28.97	$26.88 - $31.37
Q1 2017	433,935	$15,084	$29.67	$27.09 - $32.02
Q4 2016	582,571	$20,728	$26.10	$19.35 - $33.31
Q3 2016	798,301	$19,950	$21.06	$18.79 - $23.10
Q2 2016	411,638	$10,085	$20.03	$17.68 - $22.12
Q1 2016	29,691	$668	$15.36	$12.48 - $18.79
Q4 2015	22,369	$400	$14.45	$13.12 - $15.93
Q3 2015	29,643	$509	$15.53	$13.35 - $17.42
Q2 2015	956,461	$19,813	$17.16	$15.54 - $18.46
Q1 2015	954,386	$19,183	$14.75	$13.06 - $16.57
Q4 2014	954,371	$18,839	$16.97	$14.81 - $18.55
Q3 2014	8,118	$184	$17.12	$13.89 - $19.97
Q2 2014	8,174	$147	$13.98	$13.22 - $14.83
Q1 2014	8,174	$145	$13.53	$12.21 - $15.09
Q4 2013	8,246	$161	$14.08	$12.49 - $15.25
Q3 2013	28,432	$475	$12.11	$11.42 - $13.41
Q2 2013	14,998	$224	$11.35	$10.49 - $12.29