UNITED PARCEL SERVICE INC

Ticker: UPS CUSIP: 911312106 Class: CL B

Empirical Finance, LLC's Holding History (CIK: 0001572838)

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

Q4 2025

Shares 24,454 Value ($000) $2,426 Avg Close $92.75 Range $80.60 - $102.89

Q3 2025

Shares 25,532 Value ($000) $2,133 Avg Close $88.13 Range $80.60 - $102.70

Q2 2025

Shares 25,279 Value ($000) $2,552 Avg Close $94.10 Range $85.94 - $104.87

Q1 2025

Shares 25,116 Value ($000) $2,763 Avg Close $112.66 Range $102.36 - $128.18

Q4 2024

Shares 24,693 Value ($000) $3,114 Avg Close $122.34 Range $114.16 - $134.03

Q3 2024

Shares 24,995 Value ($000) $3,408 Avg Close $120.53 Range $112.37 - $135.22

Q2 2024

Shares 24,470 Value ($000) $3,349 Avg Close $129.99 Range $121.30 - $140.02

Q1 2024

Shares 26,286 Value ($000) $3,907 Avg Close $136.41 Range $123.99 - $144.14

Q4 2023

Shares 25,409 Value ($000) $3,995 Avg Close $134.26 Range $117.95 - $146.23

Q3 2023

Shares 25,219 Value ($000) $3,931 Avg Close $151.64 Range $132.82 - $168.74

Q2 2023

Shares 22,619 Value ($000) $4,054 Avg Close $154.55 Range $145.28 - $171.31

Q1 2023

Shares 20,168 Value ($000) $3,912 Avg Close $158.15 Range $148.80 - $168.12

Q4 2022

Shares 19,171 Value ($000) $3,333 Avg Close $148.03 Range $131.72 - $164.49

Q3 2022

Shares 17,621 Value ($000) $2,846 Avg Close $160.50 Range $136.18 - $178.09

Q2 2022

Shares 14,584 Value ($000) $2,662 Avg Close $153.35 Range $139.58 - $180.14

Q1 2022

Shares 13,792 Value ($000) $2,958 Avg Close $177.17 Range $160.17 - $194.22

Q4 2021

Shares 12,257 Value ($000) $2,627 Avg Close $168.57 Range $146.47 - $182.12

Q3 2021

Shares 8,934 Value ($000) $1,627 Avg Close $162.74 Range $150.50 - $176.79

Q2 2021

Shares 7,140 Value ($000) $1,202 Avg Close $164.16 Range $138.21 - $179.76

Q1 2021

Shares 7,140 Value ($000) $1,202 Avg Close $131.98 Range $125.90 - $139.99

Q4 2020

Shares 7,140 Value ($000) $1,202 Avg Close $136.91 Range $125.53 - $143.93

Q3 2020

Shares 5,880 Value ($000) $980 Avg Close $117.34 Range $90.83 - $139.06

Q2 2020

Shares 4,611 Value ($000) $513 Avg Close $79.74 Range $70.25 - $90.00

Q1 2020

Shares 4,034 Value ($000) $377 Avg Close $81.89 Range $65.20 - $93.88

Q4 2019

Shares 2,581 Value ($000) $302 Avg Close $92.83 Range $87.32 - $97.89

Q4 2016

Shares 405 Value ($000) $47 Avg Close $80.28 Range $75.12 - $86.06

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	24,454	$2,426	$92.75	$80.60 - $102.89
Q3 2025	25,532	$2,133	$88.13	$80.60 - $102.70
Q2 2025	25,279	$2,552	$94.10	$85.94 - $104.87
Q1 2025	25,116	$2,763	$112.66	$102.36 - $128.18
Q4 2024	24,693	$3,114	$122.34	$114.16 - $134.03
Q3 2024	24,995	$3,408	$120.53	$112.37 - $135.22
Q2 2024	24,470	$3,349	$129.99	$121.30 - $140.02
Q1 2024	26,286	$3,907	$136.41	$123.99 - $144.14
Q4 2023	25,409	$3,995	$134.26	$117.95 - $146.23
Q3 2023	25,219	$3,931	$151.64	$132.82 - $168.74
Q2 2023	22,619	$4,054	$154.55	$145.28 - $171.31
Q1 2023	20,168	$3,912	$158.15	$148.80 - $168.12
Q4 2022	19,171	$3,333	$148.03	$131.72 - $164.49
Q3 2022	17,621	$2,846	$160.50	$136.18 - $178.09
Q2 2022	14,584	$2,662	$153.35	$139.58 - $180.14
Q1 2022	13,792	$2,958	$177.17	$160.17 - $194.22
Q4 2021	12,257	$2,627	$168.57	$146.47 - $182.12
Q3 2021	8,934	$1,627	$162.74	$150.50 - $176.79
Q2 2021	7,140	$1,202	$164.16	$138.21 - $179.76
Q1 2021	7,140	$1,202	$131.98	$125.90 - $139.99
Q4 2020	7,140	$1,202	$136.91	$125.53 - $143.93
Q3 2020	5,880	$980	$117.34	$90.83 - $139.06
Q2 2020	4,611	$513	$79.74	$70.25 - $90.00
Q1 2020	4,034	$377	$81.89	$65.20 - $93.88
Q4 2019	2,581	$302	$92.83	$87.32 - $97.89
Q4 2016	405	$47	$80.28	$75.12 - $86.06