UGI CORP NEW

Ticker: UGI CUSIP: 902681105 Class: COM

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

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

Q4 2025

Shares 50,758 Value ($000) $1,900 Avg Close $35.42 Range $31.62 - $39.59

Q3 2025

Shares 51,158 Value ($000) $1,702 Avg Close $34.96 Range $32.48 - $37.42

Q2 2025

Shares 51,558 Value ($000) $1,878 Avg Close $34.40 Range $29.03 - $36.74

Q1 2025

Shares 51,458 Value ($000) $1,702 Avg Close $31.68 Range $27.85 - $34.49

Q4 2024

Shares 50,858 Value ($000) $1,436 Avg Close $25.95 Range $23.14 - $30.48

Q3 2024

Shares 50,958 Value ($000) $1,275 Avg Close $24.09 Range $22.01 - $25.33

Q2 2024

Shares 50,458 Value ($000) $1,155 Avg Close $24.23 Range $22.02 - $26.15

Q1 2024

Shares 51,458 Value ($000) $1,263 Avg Close $24.02 Range $21.68 - $25.84

Q4 2023

Shares 50,258 Value ($000) $1,236 Avg Close $22.06 Range $20.19 - $25.08

Q3 2023

Shares 50,058 Value ($000) $1,151 Avg Close $24.81 Range $22.45 - $27.78

Q2 2023

Shares 69,200 Value ($000) $1,866 Avg Close $30.36 Range $26.44 - $35.47

Q1 2023

Shares 102,000 Value ($000) $3,546 Avg Close $37.91 Range $32.10 - $43.19

Q4 2022

Shares 102,300 Value ($000) $3,792 Avg Close $36.14 Range $31.19 - $41.52

Q3 2022

Shares 68,000 Value ($000) $2,198 Avg Close $39.45 Range $32.28 - $43.75

Q2 2022

Shares 68,600 Value ($000) $2,649 Avg Close $38.76 Range $34.11 - $44.54

Q1 2022

Shares 60,300 Value ($000) $2,184 Avg Close $40.00 Range $33.05 - $47.04

Q4 2021

Shares 60,050 Value ($000) $2,757 Avg Close $44.46 Range $41.24 - $46.11

Q3 2021

Shares 3,115,908 Value ($000) $132,800 Avg Close $45.69 Range $41.91 - $48.55

Q2 2021

Shares 3,116,108 Value ($000) $144,307 Avg Close $44.99 Range $40.59 - $48.20

Q1 2021

Shares 3,141,108 Value ($000) $128,817 Avg Close $38.65 Range $34.37 - $42.06

Q4 2020

Shares 3,139,808 Value ($000) $109,768 Avg Close $34.99 Range $31.84 - $38.34

Q3 2020

Shares 3,138,808 Value ($000) $103,518 Avg Close $33.17 Range $29.63 - $36.42

Q2 2020

Shares 3,135,808 Value ($000) $99,719 Avg Close $30.33 Range $24.18 - $36.89

Q1 2020

Shares 3,118,000 Value ($000) $83,157 Avg Close $37.88 Range $21.75 - $45.26

Q4 2019

Shares 2,061,500 Value ($000) $93,097 Avg Close $45.81 Range $40.52 - $50.41

Q3 2019

Shares 60,600 Value ($000) $3,046 Avg Close $49.97 Range $45.94 - $54.05

Q2 2019

Shares 51,600 Value ($000) $2,756 Avg Close $53.22 Range $50.40 - $55.68

Q1 2019

Shares 62,000 Value ($000) $3,436 Avg Close $54.71 Range $51.05 - $57.28

Q4 2018

Shares 62,000 Value ($000) $3,308 Avg Close $55.58 Range $50.71 - $59.31

Q3 2018

Shares 64,300 Value ($000) $3,567 Avg Close $53.89 Range $50.31 - $55.94

Q2 2018

Shares 63,800 Value ($000) $3,322 Avg Close $48.45 Range $43.60 - $52.49

Q1 2018

Shares 63,100 Value ($000) $2,803 Avg Close $44.84 Range $42.51 - $48.04

Q4 2017

Shares 62,200 Value ($000) $2,920 Avg Close $47.79 Range $46.43 - $49.77

Q3 2017

Shares 65,200 Value ($000) $3,055 Avg Close $48.82 Range $46.59 - $51.11

Q2 2017

Shares 71,400 Value ($000) $3,456 Avg Close $49.72 Range $45.91 - $52.00

Q1 2017

Shares 70,300 Value ($000) $3,473 Avg Close $47.53 Range $45.03 - $50.38

Q4 2016

Shares 69,700 Value ($000) $3,212 Avg Close $44.77 Range $41.79 - $46.66

Q3 2016

Shares 69,700 Value ($000) $3,153 Avg Close $45.64 Range $43.83 - $48.13

Q2 2016

Shares 69,300 Value ($000) $3,136 Avg Close $42.14 Range $39.20 - $45.25

Q1 2016

Shares 68,600 Value ($000) $2,764 Avg Close $36.27 Range $31.59 - $40.85

Q4 2015

Shares 68,200 Value ($000) $2,302 Avg Close $34.70 Range $31.51 - $37.51

Q3 2015

Shares 78,700 Value ($000) $2,740 Avg Close $34.92 Range $32.80 - $37.02

Q2 2015

Shares 78,600 Value ($000) $2,708 Avg Close $35.48 Range $32.12 - $37.85

Q1 2015

Shares 78,300 Value ($000) $2,552 Avg Close $35.06 Range $31.54 - $38.61

Q4 2014

Shares 82,100 Value ($000) $3,118 Avg Close $36.88 Range $33.39 - $39.74

Q3 2014

Shares 81,800 Value ($000) $2,789 Avg Close $34.01 Range $31.53 - $36.69

Q2 2014

Shares 54,200 Value ($000) $2,737 Avg Close $31.63 Range $29.77 - $33.73

Q1 2014

Shares 54,000 Value ($000) $2,463 Avg Close $28.79 Range $26.83 - $30.52

Q4 2013

Shares 53,400 Value ($000) $2,214 Avg Close $26.95 Range $25.25 - $28.19

Q3 2013

Shares 53,200 Value ($000) $2,082 Avg Close $26.81 Range $25.35 - $28.83

Q2 2013

Shares 52,400 Value ($000) $2,049 Avg Close $26.32 Range $24.29 - $28.07

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	50,758	$1,900	$35.42	$31.62 - $39.59
Q3 2025	51,158	$1,702	$34.96	$32.48 - $37.42
Q2 2025	51,558	$1,878	$34.40	$29.03 - $36.74
Q1 2025	51,458	$1,702	$31.68	$27.85 - $34.49
Q4 2024	50,858	$1,436	$25.95	$23.14 - $30.48
Q3 2024	50,958	$1,275	$24.09	$22.01 - $25.33
Q2 2024	50,458	$1,155	$24.23	$22.02 - $26.15
Q1 2024	51,458	$1,263	$24.02	$21.68 - $25.84
Q4 2023	50,258	$1,236	$22.06	$20.19 - $25.08
Q3 2023	50,058	$1,151	$24.81	$22.45 - $27.78
Q2 2023	69,200	$1,866	$30.36	$26.44 - $35.47
Q1 2023	102,000	$3,546	$37.91	$32.10 - $43.19
Q4 2022	102,300	$3,792	$36.14	$31.19 - $41.52
Q3 2022	68,000	$2,198	$39.45	$32.28 - $43.75
Q2 2022	68,600	$2,649	$38.76	$34.11 - $44.54
Q1 2022	60,300	$2,184	$40.00	$33.05 - $47.04
Q4 2021	60,050	$2,757	$44.46	$41.24 - $46.11
Q3 2021	3,115,908	$132,800	$45.69	$41.91 - $48.55
Q2 2021	3,116,108	$144,307	$44.99	$40.59 - $48.20
Q1 2021	3,141,108	$128,817	$38.65	$34.37 - $42.06
Q4 2020	3,139,808	$109,768	$34.99	$31.84 - $38.34
Q3 2020	3,138,808	$103,518	$33.17	$29.63 - $36.42
Q2 2020	3,135,808	$99,719	$30.33	$24.18 - $36.89
Q1 2020	3,118,000	$83,157	$37.88	$21.75 - $45.26
Q4 2019	2,061,500	$93,097	$45.81	$40.52 - $50.41
Q3 2019	60,600	$3,046	$49.97	$45.94 - $54.05
Q2 2019	51,600	$2,756	$53.22	$50.40 - $55.68
Q1 2019	62,000	$3,436	$54.71	$51.05 - $57.28
Q4 2018	62,000	$3,308	$55.58	$50.71 - $59.31
Q3 2018	64,300	$3,567	$53.89	$50.31 - $55.94
Q2 2018	63,800	$3,322	$48.45	$43.60 - $52.49
Q1 2018	63,100	$2,803	$44.84	$42.51 - $48.04
Q4 2017	62,200	$2,920	$47.79	$46.43 - $49.77
Q3 2017	65,200	$3,055	$48.82	$46.59 - $51.11
Q2 2017	71,400	$3,456	$49.72	$45.91 - $52.00
Q1 2017	70,300	$3,473	$47.53	$45.03 - $50.38
Q4 2016	69,700	$3,212	$44.77	$41.79 - $46.66
Q3 2016	69,700	$3,153	$45.64	$43.83 - $48.13
Q2 2016	69,300	$3,136	$42.14	$39.20 - $45.25
Q1 2016	68,600	$2,764	$36.27	$31.59 - $40.85
Q4 2015	68,200	$2,302	$34.70	$31.51 - $37.51
Q3 2015	78,700	$2,740	$34.92	$32.80 - $37.02
Q2 2015	78,600	$2,708	$35.48	$32.12 - $37.85
Q1 2015	78,300	$2,552	$35.06	$31.54 - $38.61
Q4 2014	82,100	$3,118	$36.88	$33.39 - $39.74
Q3 2014	81,800	$2,789	$34.01	$31.53 - $36.69
Q2 2014	54,200	$2,737	$31.63	$29.77 - $33.73
Q1 2014	54,000	$2,463	$28.79	$26.83 - $30.52
Q4 2013	53,400	$2,214	$26.95	$25.25 - $28.19
Q3 2013	53,200	$2,082	$26.81	$25.35 - $28.83
Q2 2013	52,400	$2,049	$26.32	$24.29 - $28.07