UNITED AIRLS HLDGS INC

Ticker: UAL CUSIP: 910047109 Class: COM

Arizona State Retirement System's Holding History (CIK: 0001558481)

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

Q4 2025

Shares 22,269 Value ($000) $2,490 Avg Close $101.05 Range $88.55 - $116.32

Q3 2025

Shares 24,212 Value ($000) $2,336 Avg Close $96.17 Range $78.33 - $110.66

Q2 2025

Shares 23,854 Value ($000) $1,899 Avg Close $73.67 Range $52.00 - $85.80

Q1 2025

Shares 23,767 Value ($000) $1,641 Avg Close $94.43 Range $64.11 - $116.00

Q1 2020

Shares 11,374 Value ($000) $359 Avg Close $66.12 Range $17.80 - $90.57

Q4 2019

Shares 40,863 Value ($000) $3,600 Avg Close $89.75 Range $80.87 - $95.16

Q3 2019

Shares 41,257 Value ($000) $3,648 Avg Close $88.37 Range $80.78 - $96.03

Q2 2019

Shares 42,038 Value ($000) $3,680 Avg Close $84.63 Range $77.35 - $90.16

Q1 2019

Shares 43,022 Value ($000) $3,432 Avg Close $84.40 Range $77.02 - $90.93

Q4 2018

Shares 47,024 Value ($000) $3,937 Avg Close $87.84 Range $78.87 - $97.85

Q3 2018

Shares 56,756 Value ($000) $5,055 Avg Close $82.48 Range $67.94 - $91.39

Q2 2018

Shares 57,888 Value ($000) $4,037 Avg Close $69.49 Range $64.80 - $75.53

Q1 2018

Shares 78,469 Value ($000) $5,451 Avg Close $69.09 Range $60.44 - $79.00

Q4 2017

Shares 97,869 Value ($000) $6,596 Avg Close $62.33 Range $56.51 - $69.62

Q3 2017

Shares 109,962 Value ($000) $6,694 Avg Close $66.62 Range $57.34 - $81.39

Q2 2017

Shares 69,900 Value ($000) $5,260 Avg Close $75.50 Range $67.55 - $83.04

Q1 2017

Shares 70,900 Value ($000) $5,008 Avg Close $72.28 Range $64.16 - $76.75

Q4 2016

Shares 71,400 Value ($000) $5,204 Avg Close $63.72 Range $51.34 - $76.80

Q3 2016

Shares 72,200 Value ($000) $3,788 Avg Close $48.11 Range $37.64 - $54.53

Q2 2016

Shares 82,300 Value ($000) $3,378 Avg Close $47.32 Range $37.41 - $58.90

Q1 2016

Shares 97,500 Value ($000) $5,836 Avg Close $53.10 Range $42.17 - $61.41

Q4 2015

Shares 101,400 Value ($000) $5,810 Avg Close $57.74 Range $49.76 - $61.87

Q3 2015

Shares 103,400 Value ($000) $5,485 Avg Close $56.42 Range $49.20 - $62.21

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	22,269	$2,490	$101.05	$88.55 - $116.32
Q3 2025	24,212	$2,336	$96.17	$78.33 - $110.66
Q2 2025	23,854	$1,899	$73.67	$52.00 - $85.80
Q1 2025	23,767	$1,641	$94.43	$64.11 - $116.00
Q1 2020	11,374	$359	$66.12	$17.80 - $90.57
Q4 2019	40,863	$3,600	$89.75	$80.87 - $95.16
Q3 2019	41,257	$3,648	$88.37	$80.78 - $96.03
Q2 2019	42,038	$3,680	$84.63	$77.35 - $90.16
Q1 2019	43,022	$3,432	$84.40	$77.02 - $90.93
Q4 2018	47,024	$3,937	$87.84	$78.87 - $97.85
Q3 2018	56,756	$5,055	$82.48	$67.94 - $91.39
Q2 2018	57,888	$4,037	$69.49	$64.80 - $75.53
Q1 2018	78,469	$5,451	$69.09	$60.44 - $79.00
Q4 2017	97,869	$6,596	$62.33	$56.51 - $69.62
Q3 2017	109,962	$6,694	$66.62	$57.34 - $81.39
Q2 2017	69,900	$5,260	$75.50	$67.55 - $83.04
Q1 2017	70,900	$5,008	$72.28	$64.16 - $76.75
Q4 2016	71,400	$5,204	$63.72	$51.34 - $76.80
Q3 2016	72,200	$3,788	$48.11	$37.64 - $54.53
Q2 2016	82,300	$3,378	$47.32	$37.41 - $58.90
Q1 2016	97,500	$5,836	$53.10	$42.17 - $61.41
Q4 2015	101,400	$5,810	$57.74	$49.76 - $61.87
Q3 2015	103,400	$5,485	$56.42	$49.20 - $62.21