STEEL DYNAMICS INC

Ticker: STLD CUSIP: 858119100 Class: COMMON STOCK

STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM's Holding History (CIK: 0000938076)

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

Q4 2025

Shares 134,498 Value ($000) $22,791 Avg Close $158.36 Range $137.70 - $177.84

Q3 2025

Shares 139,917 Value ($000) $19,509 Avg Close $130.39 Range $119.11 - $140.98

Q2 2025

Shares 159,398 Value ($000) $20,405 Avg Close $126.36 Range $102.11 - $140.95

Q1 2025

Shares 157,858 Value ($000) $19,745 Avg Close $124.96 Range $109.33 - $137.65

Q4 2024

Shares 157,858 Value ($000) $18,007 Avg Close $130.47 Range $111.65 - $152.72

Q3 2024

Shares 173,193 Value ($000) $21,836 Avg Close $118.85 Range $102.31 - $134.27

Q2 2024

Shares 173,063 Value ($000) $22,412 Avg Close $130.12 Range $115.35 - $147.49

Q1 2024

Shares 223,741 Value ($000) $25,296 Avg Close $122.14 Range $106.53 - $144.95

Q4 2023

Shares 192,423 Value ($000) $22,725 Avg Close $107.90 Range $95.11 - $124.46

Q3 2023

Shares 196,736 Value ($000) $21,094 Avg Close $100.40 Range $92.11 - $107.71

Q2 2023

Shares 208,671 Value ($000) $22,731 Avg Close $97.72 Range $86.96 - $110.55

Q1 2023

Shares 223,741 Value ($000) $25,296 Avg Close $111.23 Range $90.76 - $130.54

Q4 2022

Shares 215,001 Value ($000) $21,006 Avg Close $91.75 Range $68.70 - $107.85

Q3 2022

Shares 218,601 Value ($000) $15,510 Avg Close $71.84 Range $59.25 - $84.09

Q2 2022

Shares 232,281 Value ($000) $15,365 Avg Close $75.64 Range $60.78 - $94.76

Q1 2022

Shares 257,817 Value ($000) $21,510 Avg Close $63.45 Range $47.52 - $84.34

Q4 2021

Shares 263,815 Value ($000) $16,375 Avg Close $58.59 Range $52.93 - $64.63

Q3 2021

Shares 267,517 Value ($000) $15,644 Avg Close $59.61 Range $51.19 - $69.35

Q2 2021

Shares 272,788 Value ($000) $16,258 Avg Close $54.47 Range $45.84 - $62.09

Q1 2021

Shares 283,875 Value ($000) $14,409 Avg Close $38.96 Range $31.19 - $48.49

Q4 2020

Shares 296,925 Value ($000) $10,948 Avg Close $31.85 Range $25.96 - $36.89

Q3 2020

Shares 299,925 Value ($000) $8,587 Avg Close $26.10 Range $21.83 - $29.60

Q2 2020

Shares 299,645 Value ($000) $7,818 Avg Close $22.53 Range $18.48 - $27.00

Q1 2020

Shares 303,791 Value ($000) $6,847 Avg Close $24.36 Range $13.32 - $30.61

Q4 2019

Shares 300,542 Value ($000) $10,230 Avg Close $28.20 Range $24.32 - $31.60

Q3 2019

Shares 309,792 Value ($000) $9,232 Avg Close $25.87 Range $22.50 - $28.88

Q2 2019

Shares 322,157 Value ($000) $9,729 Avg Close $26.59 Range $21.75 - $31.41

Q1 2019

Shares 355,468 Value ($000) $12,537 Avg Close $30.67 Range $25.17 - $33.96

Q4 2018

Shares 361,078 Value ($000) $10,847 Avg Close $32.42 Range $24.79 - $39.93

Q3 2018

Shares 365,556 Value ($000) $16,519 Avg Close $39.33 Range $35.70 - $42.45

Q2 2018

Shares 371,163 Value ($000) $17,055 Avg Close $40.25 Range $36.27 - $44.32

Q1 2018

Shares 350,197 Value ($000) $15,486 Avg Close $39.00 Range $34.83 - $42.94

Q4 2017

Shares 354,227 Value ($000) $15,278 Avg Close $32.46 Range $28.33 - $37.17

Q3 2017

Shares 353,827 Value ($000) $12,196 Avg Close $29.48 Range $27.05 - $32.51

Q2 2017

Shares 353,827 Value ($000) $12,671 Avg Close $28.97 Range $26.88 - $31.37

Q1 2017

Shares 345,167 Value ($000) $11,998 Avg Close $29.67 Range $27.09 - $32.02

Q4 2016

Shares 344,467 Value ($000) $12,256 Avg Close $26.10 Range $19.35 - $33.31

Q3 2016

Shares 333,697 Value ($000) $8,339 Avg Close $21.06 Range $18.79 - $23.10

Q2 2016

Shares 349,927 Value ($000) $8,574 Avg Close $20.03 Range $17.68 - $22.12

Q1 2016

Shares 320,920 Value ($000) $7,224 Avg Close $15.36 Range $12.48 - $18.79

Q4 2015

Shares 322,890 Value ($000) $5,770 Avg Close $14.45 Range $13.12 - $15.93

Q3 2015

Shares 322,890 Value ($000) $5,547 Avg Close $15.53 Range $13.35 - $17.42

Q2 2015

Shares 322,890 Value ($000) $6,689 Avg Close $17.16 Range $15.54 - $18.46

Q1 2015

Shares 322,890 Value ($000) $6,490 Avg Close $14.75 Range $13.06 - $16.57

Q4 2014

Shares 351,060 Value ($000) $6,930 Avg Close $16.97 Range $14.81 - $18.55

Q3 2014

Shares 355,221 Value ($000) $8,032 Avg Close $17.12 Range $13.89 - $19.97

Q2 2014

Shares 359,211 Value ($000) $6,448 Avg Close $13.98 Range $13.22 - $14.83

Q1 2014

Shares 359,471 Value ($000) $6,395 Avg Close $13.53 Range $12.21 - $15.09

Q4 2013

Shares 389,294 Value ($000) $7,607 Avg Close $14.08 Range $12.49 - $15.25

Q3 2013

Shares 389,294 Value ($000) $6,505 Avg Close $12.11 Range $11.42 - $13.41

Q2 2013

Shares 393,811 Value ($000) $5,872 Avg Close $11.35 Range $10.49 - $12.29

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	134,498	$22,791	$158.36	$137.70 - $177.84
Q3 2025	139,917	$19,509	$130.39	$119.11 - $140.98
Q2 2025	159,398	$20,405	$126.36	$102.11 - $140.95
Q1 2025	157,858	$19,745	$124.96	$109.33 - $137.65
Q4 2024	157,858	$18,007	$130.47	$111.65 - $152.72
Q3 2024	173,193	$21,836	$118.85	$102.31 - $134.27
Q2 2024	173,063	$22,412	$130.12	$115.35 - $147.49
Q1 2024	223,741	$25,296	$122.14	$106.53 - $144.95
Q4 2023	192,423	$22,725	$107.90	$95.11 - $124.46
Q3 2023	196,736	$21,094	$100.40	$92.11 - $107.71
Q2 2023	208,671	$22,731	$97.72	$86.96 - $110.55
Q1 2023	223,741	$25,296	$111.23	$90.76 - $130.54
Q4 2022	215,001	$21,006	$91.75	$68.70 - $107.85
Q3 2022	218,601	$15,510	$71.84	$59.25 - $84.09
Q2 2022	232,281	$15,365	$75.64	$60.78 - $94.76
Q1 2022	257,817	$21,510	$63.45	$47.52 - $84.34
Q4 2021	263,815	$16,375	$58.59	$52.93 - $64.63
Q3 2021	267,517	$15,644	$59.61	$51.19 - $69.35
Q2 2021	272,788	$16,258	$54.47	$45.84 - $62.09
Q1 2021	283,875	$14,409	$38.96	$31.19 - $48.49
Q4 2020	296,925	$10,948	$31.85	$25.96 - $36.89
Q3 2020	299,925	$8,587	$26.10	$21.83 - $29.60
Q2 2020	299,645	$7,818	$22.53	$18.48 - $27.00
Q1 2020	303,791	$6,847	$24.36	$13.32 - $30.61
Q4 2019	300,542	$10,230	$28.20	$24.32 - $31.60
Q3 2019	309,792	$9,232	$25.87	$22.50 - $28.88
Q2 2019	322,157	$9,729	$26.59	$21.75 - $31.41
Q1 2019	355,468	$12,537	$30.67	$25.17 - $33.96
Q4 2018	361,078	$10,847	$32.42	$24.79 - $39.93
Q3 2018	365,556	$16,519	$39.33	$35.70 - $42.45
Q2 2018	371,163	$17,055	$40.25	$36.27 - $44.32
Q1 2018	350,197	$15,486	$39.00	$34.83 - $42.94
Q4 2017	354,227	$15,278	$32.46	$28.33 - $37.17
Q3 2017	353,827	$12,196	$29.48	$27.05 - $32.51
Q2 2017	353,827	$12,671	$28.97	$26.88 - $31.37
Q1 2017	345,167	$11,998	$29.67	$27.09 - $32.02
Q4 2016	344,467	$12,256	$26.10	$19.35 - $33.31
Q3 2016	333,697	$8,339	$21.06	$18.79 - $23.10
Q2 2016	349,927	$8,574	$20.03	$17.68 - $22.12
Q1 2016	320,920	$7,224	$15.36	$12.48 - $18.79
Q4 2015	322,890	$5,770	$14.45	$13.12 - $15.93
Q3 2015	322,890	$5,547	$15.53	$13.35 - $17.42
Q2 2015	322,890	$6,689	$17.16	$15.54 - $18.46
Q1 2015	322,890	$6,490	$14.75	$13.06 - $16.57
Q4 2014	351,060	$6,930	$16.97	$14.81 - $18.55
Q3 2014	355,221	$8,032	$17.12	$13.89 - $19.97
Q2 2014	359,211	$6,448	$13.98	$13.22 - $14.83
Q1 2014	359,471	$6,395	$13.53	$12.21 - $15.09
Q4 2013	389,294	$7,607	$14.08	$12.49 - $15.25
Q3 2013	389,294	$6,505	$12.11	$11.42 - $13.41
Q2 2013	393,811	$5,872	$11.35	$10.49 - $12.29