UNITED AIRLS HLDGS INC

Ticker: UAL CUSIP: 910047109 Class: COM

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

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

Q4 2025

Shares 270,385 Value ($000) $30,234 Avg Close $101.05 Range $88.55 - $116.32

Q3 2025

Shares 274,795 Value ($000) $26,518 Avg Close $96.17 Range $78.33 - $110.66

Q2 2025

Shares 285,355 Value ($000) $22,723 Avg Close $73.67 Range $52.00 - $85.80

Q1 2025

Shares 281,035 Value ($000) $19,405 Avg Close $94.43 Range $64.11 - $116.00

Q4 2024

Shares 276,915 Value ($000) $26,888 Avg Close $84.54 Range $54.64 - $105.09

Q3 2024

Shares 276,915 Value ($000) $15,801 Avg Close $46.29 Range $37.02 - $60.23

Q2 2024

Shares 276,915 Value ($000) $13,475 Avg Close $50.33 Range $40.10 - $56.18

Q1 2024

Shares 356,412 Value ($000) $15,771 Avg Close $42.85 Range $37.68 - $48.00

Q4 2023

Shares 313,514 Value ($000) $12,936 Avg Close $39.32 Range $33.68 - $43.87

Q3 2023

Shares 313,447 Value ($000) $13,259 Avg Close $50.56 Range $41.62 - $58.23

Q2 2023

Shares 330,957 Value ($000) $18,160 Avg Close $47.22 Range $41.05 - $56.97

Q1 2023

Shares 356,412 Value ($000) $15,771 Avg Close $47.92 Range $36.82 - $55.04

Q4 2022

Shares 360,602 Value ($000) $13,595 Avg Close $40.58 Range $31.58 - $45.97

Q3 2022

Shares 366,702 Value ($000) $11,929 Avg Close $37.20 Range $31.80 - $41.97

Q2 2022

Shares 366,702 Value ($000) $12,989 Avg Close $43.89 Range $33.73 - $53.12

Q1 2022

Shares 383,988 Value ($000) $17,802 Avg Close $43.35 Range $30.54 - $50.94

Q4 2021

Shares 391,317 Value ($000) $17,132 Avg Close $46.38 Range $38.88 - $54.52

Q3 2021

Shares 389,007 Value ($000) $18,505 Avg Close $47.12 Range $42.56 - $53.76

Q2 2021

Shares 395,906 Value ($000) $20,702 Avg Close $55.46 Range $48.90 - $61.34

Q1 2021

Shares 397,027 Value ($000) $22,845 Avg Close $48.83 Range $39.17 - $63.70

Q4 2020

Shares 396,707 Value ($000) $17,158 Avg Close $40.45 Range $32.16 - $51.31

Q3 2020

Shares 417,136 Value ($000) $14,495 Avg Close $34.59 Range $29.23 - $39.86

Q2 2020

Shares 408,476 Value ($000) $14,137 Avg Close $29.99 Range $18.18 - $48.95

Q1 2020

Shares 312,500 Value ($000) $9,859 Avg Close $66.12 Range $17.80 - $90.57

Q4 2019

Shares 304,033 Value ($000) $26,782 Avg Close $89.75 Range $80.87 - $95.16

Q3 2019

Shares 309,833 Value ($000) $27,392 Avg Close $88.37 Range $80.78 - $96.03

Q2 2019

Shares 311,646 Value ($000) $27,285 Avg Close $84.63 Range $77.35 - $90.16

Q1 2019

Shares 325,079 Value ($000) $25,935 Avg Close $84.40 Range $77.02 - $90.93

Q4 2018

Shares 327,399 Value ($000) $27,413 Avg Close $87.84 Range $78.87 - $97.85

Q3 2018

Shares 330,097 Value ($000) $29,398 Avg Close $82.48 Range $67.94 - $91.39

Q2 2018

Shares 356,073 Value ($000) $24,829 Avg Close $69.49 Range $64.80 - $75.53

Q1 2018

Shares 364,990 Value ($000) $25,356 Avg Close $69.09 Range $60.44 - $79.00

Q4 2017

Shares 387,106 Value ($000) $26,091 Avg Close $62.33 Range $56.51 - $69.62

Q3 2017

Shares 427,343 Value ($000) $26,017 Avg Close $66.62 Range $57.34 - $81.39

Q2 2017

Shares 445,045 Value ($000) $33,490 Avg Close $75.50 Range $67.55 - $83.04

Q1 2017

Shares 464,973 Value ($000) $32,846 Avg Close $72.28 Range $64.16 - $76.75

Q4 2016

Shares 477,590 Value ($000) $34,807 Avg Close $63.72 Range $51.34 - $76.80

Q3 2016

Shares 485,925 Value ($000) $25,496 Avg Close $48.11 Range $37.64 - $54.53

Q2 2016

Shares 497,060 Value ($000) $20,400 Avg Close $47.32 Range $37.41 - $58.90

Q1 2016

Shares 440,108 Value ($000) $26,345 Avg Close $53.10 Range $42.17 - $61.41

Q4 2015

Shares 464,938 Value ($000) $26,641 Avg Close $57.74 Range $49.76 - $61.87

Q3 2015

Shares 483,416 Value ($000) $25,645 Avg Close $56.42 Range $49.20 - $62.21

Q2 2015

Shares 491,351 Value ($000) $26,047 Avg Close $57.89 Range $49.85 - $65.85

Q1 2015

Shares 514,444 Value ($000) $34,596 Avg Close $67.75 Range $62.37 - $74.52

Q4 2014

Shares 565,822 Value ($000) $37,848 Avg Close $55.38 Range $39.46 - $67.77

Q3 2014

Shares 568,980 Value ($000) $26,623 Avg Close $46.41 Range $36.65 - $52.45

Q2 2014

Shares 592,792 Value ($000) $24,346 Avg Close $43.09 Range $38.06 - $48.20

Q1 2014

Shares 544,815 Value ($000) $24,315 Avg Close $44.98 Range $37.50 - $49.20

Q4 2013

Shares 593,652 Value ($000) $22,458 Avg Close $35.03 Range $29.11 - $40.19

Q3 2013

Shares 589,270 Value ($000) $18,096 Avg Close $32.18 Range $27.32 - $36.74

Q2 2013

Shares 571,053 Value ($000) $17,868 Avg Close $31.81 Range $27.90 - $35.27

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	270,385	$30,234	$101.05	$88.55 - $116.32
Q3 2025	274,795	$26,518	$96.17	$78.33 - $110.66
Q2 2025	285,355	$22,723	$73.67	$52.00 - $85.80
Q1 2025	281,035	$19,405	$94.43	$64.11 - $116.00
Q4 2024	276,915	$26,888	$84.54	$54.64 - $105.09
Q3 2024	276,915	$15,801	$46.29	$37.02 - $60.23
Q2 2024	276,915	$13,475	$50.33	$40.10 - $56.18
Q1 2024	356,412	$15,771	$42.85	$37.68 - $48.00
Q4 2023	313,514	$12,936	$39.32	$33.68 - $43.87
Q3 2023	313,447	$13,259	$50.56	$41.62 - $58.23
Q2 2023	330,957	$18,160	$47.22	$41.05 - $56.97
Q1 2023	356,412	$15,771	$47.92	$36.82 - $55.04
Q4 2022	360,602	$13,595	$40.58	$31.58 - $45.97
Q3 2022	366,702	$11,929	$37.20	$31.80 - $41.97
Q2 2022	366,702	$12,989	$43.89	$33.73 - $53.12
Q1 2022	383,988	$17,802	$43.35	$30.54 - $50.94
Q4 2021	391,317	$17,132	$46.38	$38.88 - $54.52
Q3 2021	389,007	$18,505	$47.12	$42.56 - $53.76
Q2 2021	395,906	$20,702	$55.46	$48.90 - $61.34
Q1 2021	397,027	$22,845	$48.83	$39.17 - $63.70
Q4 2020	396,707	$17,158	$40.45	$32.16 - $51.31
Q3 2020	417,136	$14,495	$34.59	$29.23 - $39.86
Q2 2020	408,476	$14,137	$29.99	$18.18 - $48.95
Q1 2020	312,500	$9,859	$66.12	$17.80 - $90.57
Q4 2019	304,033	$26,782	$89.75	$80.87 - $95.16
Q3 2019	309,833	$27,392	$88.37	$80.78 - $96.03
Q2 2019	311,646	$27,285	$84.63	$77.35 - $90.16
Q1 2019	325,079	$25,935	$84.40	$77.02 - $90.93
Q4 2018	327,399	$27,413	$87.84	$78.87 - $97.85
Q3 2018	330,097	$29,398	$82.48	$67.94 - $91.39
Q2 2018	356,073	$24,829	$69.49	$64.80 - $75.53
Q1 2018	364,990	$25,356	$69.09	$60.44 - $79.00
Q4 2017	387,106	$26,091	$62.33	$56.51 - $69.62
Q3 2017	427,343	$26,017	$66.62	$57.34 - $81.39
Q2 2017	445,045	$33,490	$75.50	$67.55 - $83.04
Q1 2017	464,973	$32,846	$72.28	$64.16 - $76.75
Q4 2016	477,590	$34,807	$63.72	$51.34 - $76.80
Q3 2016	485,925	$25,496	$48.11	$37.64 - $54.53
Q2 2016	497,060	$20,400	$47.32	$37.41 - $58.90
Q1 2016	440,108	$26,345	$53.10	$42.17 - $61.41
Q4 2015	464,938	$26,641	$57.74	$49.76 - $61.87
Q3 2015	483,416	$25,645	$56.42	$49.20 - $62.21
Q2 2015	491,351	$26,047	$57.89	$49.85 - $65.85
Q1 2015	514,444	$34,596	$67.75	$62.37 - $74.52
Q4 2014	565,822	$37,848	$55.38	$39.46 - $67.77
Q3 2014	568,980	$26,623	$46.41	$36.65 - $52.45
Q2 2014	592,792	$24,346	$43.09	$38.06 - $48.20
Q1 2014	544,815	$24,315	$44.98	$37.50 - $49.20
Q4 2013	593,652	$22,458	$35.03	$29.11 - $40.19
Q3 2013	589,270	$18,096	$32.18	$27.32 - $36.74
Q2 2013	571,053	$17,868	$31.81	$27.90 - $35.27