STIFEL FINL CORP

Ticker: SF CUSIP: 860630102 Class: EQTY

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

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

Q4 2025

Shares 24,087 Value ($000) $3,016 Avg Close $119.59 Range $106.56 - $133.08

Q3 2025

Shares 24,287 Value ($000) $2,756 Avg Close $111.58 Range $102.42 - $116.58

Q2 2025

Shares 24,687 Value ($000) $2,562 Avg Close $91.11 Range $72.35 - $104.10

Q1 2025

Shares 24,487 Value ($000) $2,308 Avg Close $104.11 Range $89.30 - $118.61

Q4 2024

Shares 24,287 Value ($000) $2,576 Avg Close $105.03 Range $90.30 - $116.69

Q3 2024

Shares 24,387 Value ($000) $2,290 Avg Close $83.55 Range $74.72 - $92.26

Q2 2024

Shares 24,687 Value ($000) $2,077 Avg Close $77.21 Range $71.29 - $82.14

Q1 2024

Shares 25,087 Value ($000) $1,961 Avg Close $71.37 Range $65.21 - $75.97

Q4 2023

Shares 24,487 Value ($000) $1,693 Avg Close $59.27 Range $52.55 - $67.58

Q3 2023

Shares 24,987 Value ($000) $1,535 Avg Close $60.35 Range $55.38 - $63.87

Q2 2023

Shares 26,187 Value ($000) $1,563 Avg Close $55.57 Range $51.96 - $59.08

Q1 2023

Shares 26,587 Value ($000) $1,571 Avg Close $59.54 Range $50.67 - $64.81

Q4 2022

Shares 27,087 Value ($000) $1,581 Avg Close $55.76 Range $46.25 - $62.81

Q3 2022

Shares 26,787 Value ($000) $1,391 Avg Close $55.19 Range $48.52 - $61.03

Q2 2022

Shares 27,087 Value ($000) $1,517 Avg Close $57.95 Range $51.09 - $65.27

Q1 2022

Shares 26,487 Value ($000) $1,798 Avg Close $66.73 Range $56.06 - $77.05

Q4 2021

Shares 26,356 Value ($000) $1,856 Avg Close $67.30 Range $59.94 - $72.57

Q3 2021

Shares 26,256 Value ($000) $1,784 Avg Close $61.66 Range $56.01 - $65.70

Q2 2021

Shares 26,456 Value ($000) $1,716 Avg Close $61.89 Range $55.66 - $66.37

Q1 2021

Shares 38,856 Value ($000) $2,489 Avg Close $53.66 Range $43.76 - $63.38

Q4 2020

Shares 37,457 Value ($000) $1,890 Avg Close $40.78 Range $30.62 - $48.30

Q3 2020

Shares 24,971 Value ($000) $1,263 Avg Close $30.58 Range $26.92 - $33.87

Q2 2020

Shares 24,971 Value ($000) $1,184 Avg Close $27.43 Range $21.14 - $34.34

Q1 2020

Shares 18,900 Value ($000) $780 Avg Close $34.07 Range $18.86 - $41.74

Q4 2019

Shares 20,100 Value ($000) $1,219 Avg Close $35.47 Range $29.91 - $38.37

Q3 2019

Shares 20,200 Value ($000) $1,159 Avg Close $34.00 Range $30.50 - $37.22

Q2 2019

Shares 20,900 Value ($000) $1,234 Avg Close $34.36 Range $31.79 - $35.91

Q1 2019

Shares 25,600 Value ($000) $1,351 Avg Close $30.49 Range $23.79 - $34.11

Q4 2018

Shares 25,700 Value ($000) $1,064 Avg Close $27.82 Range $22.94 - $31.73

Q3 2018

Shares 26,300 Value ($000) $1,348 Avg Close $32.24 Range $30.41 - $33.99

Q2 2018

Shares 26,400 Value ($000) $1,379 Avg Close $34.77 Range $31.06 - $36.84

Q1 2018

Shares 26,200 Value ($000) $1,552 Avg Close $37.80 Range $33.46 - $40.75

Q4 2017

Shares 24,600 Value ($000) $1,465 Avg Close $32.59 Range $30.13 - $36.43

Q3 2017

Shares 25,700 Value ($000) $1,374 Avg Close $28.79 Range $26.29 - $31.98

Q2 2017

Shares 28,200 Value ($000) $1,297 Avg Close $27.26 Range $24.75 - $30.14

Q1 2017

Shares 27,700 Value ($000) $1,390 Avg Close $30.58 Range $27.23 - $33.42

Q4 2016

Shares 26,700 Value ($000) $1,334 Avg Close $26.66 Range $21.67 - $31.21

Q3 2016

Shares 26,600 Value ($000) $1,023 Avg Close $21.33 Range $16.82 - $23.59

Q2 2016

Shares 26,700 Value ($000) $840 Avg Close $19.75 Range $16.13 - $22.74

Q1 2016

Shares 27,700 Value ($000) $820 Avg Close $18.87 Range $14.76 - $24.60

Q4 2015

Shares 27,500 Value ($000) $1,165 Avg Close $25.82 Range $23.92 - $27.84

Q3 2015

Shares 31,400 Value ($000) $1,322 Avg Close $30.07 Range $24.51 - $34.65

Q2 2015

Shares 30,900 Value ($000) $1,784 Avg Close $32.73 Range $30.68 - $35.37

Q1 2015

Shares 30,100 Value ($000) $1,678 Avg Close $30.67 Range $27.13 - $34.09

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	24,087	$3,016	$119.59	$106.56 - $133.08
Q3 2025	24,287	$2,756	$111.58	$102.42 - $116.58
Q2 2025	24,687	$2,562	$91.11	$72.35 - $104.10
Q1 2025	24,487	$2,308	$104.11	$89.30 - $118.61
Q4 2024	24,287	$2,576	$105.03	$90.30 - $116.69
Q3 2024	24,387	$2,290	$83.55	$74.72 - $92.26
Q2 2024	24,687	$2,077	$77.21	$71.29 - $82.14
Q1 2024	25,087	$1,961	$71.37	$65.21 - $75.97
Q4 2023	24,487	$1,693	$59.27	$52.55 - $67.58
Q3 2023	24,987	$1,535	$60.35	$55.38 - $63.87
Q2 2023	26,187	$1,563	$55.57	$51.96 - $59.08
Q1 2023	26,587	$1,571	$59.54	$50.67 - $64.81
Q4 2022	27,087	$1,581	$55.76	$46.25 - $62.81
Q3 2022	26,787	$1,391	$55.19	$48.52 - $61.03
Q2 2022	27,087	$1,517	$57.95	$51.09 - $65.27
Q1 2022	26,487	$1,798	$66.73	$56.06 - $77.05
Q4 2021	26,356	$1,856	$67.30	$59.94 - $72.57
Q3 2021	26,256	$1,784	$61.66	$56.01 - $65.70
Q2 2021	26,456	$1,716	$61.89	$55.66 - $66.37
Q1 2021	38,856	$2,489	$53.66	$43.76 - $63.38
Q4 2020	37,457	$1,890	$40.78	$30.62 - $48.30
Q3 2020	24,971	$1,263	$30.58	$26.92 - $33.87
Q2 2020	24,971	$1,184	$27.43	$21.14 - $34.34
Q1 2020	18,900	$780	$34.07	$18.86 - $41.74
Q4 2019	20,100	$1,219	$35.47	$29.91 - $38.37
Q3 2019	20,200	$1,159	$34.00	$30.50 - $37.22
Q2 2019	20,900	$1,234	$34.36	$31.79 - $35.91
Q1 2019	25,600	$1,351	$30.49	$23.79 - $34.11
Q4 2018	25,700	$1,064	$27.82	$22.94 - $31.73
Q3 2018	26,300	$1,348	$32.24	$30.41 - $33.99
Q2 2018	26,400	$1,379	$34.77	$31.06 - $36.84
Q1 2018	26,200	$1,552	$37.80	$33.46 - $40.75
Q4 2017	24,600	$1,465	$32.59	$30.13 - $36.43
Q3 2017	25,700	$1,374	$28.79	$26.29 - $31.98
Q2 2017	28,200	$1,297	$27.26	$24.75 - $30.14
Q1 2017	27,700	$1,390	$30.58	$27.23 - $33.42
Q4 2016	26,700	$1,334	$26.66	$21.67 - $31.21
Q3 2016	26,600	$1,023	$21.33	$16.82 - $23.59
Q2 2016	26,700	$840	$19.75	$16.13 - $22.74
Q1 2016	27,700	$820	$18.87	$14.76 - $24.60
Q4 2015	27,500	$1,165	$25.82	$23.92 - $27.84
Q3 2015	31,400	$1,322	$30.07	$24.51 - $34.65
Q2 2015	30,900	$1,784	$32.73	$30.68 - $35.37
Q1 2015	30,100	$1,678	$30.67	$27.13 - $34.09