UNITEDHEALTH GROUP INC

Ticker: UNH CUSIP: 91324P102 Class: Common Stock

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

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

Q4 2025

Shares 244,919 Value ($000) $80,850 Avg Close $337.21 Range $302.50 - $378.46

Q3 2025

Shares 255,119 Value ($000) $88,093 Avg Close $298.94 Range $231.57 - $357.63

Q2 2025

Shares 256,819 Value ($000) $80,120 Avg Close $374.94 Range $243.94 - $594.32

Q1 2025

Shares 259,719 Value ($000) $136,028 Avg Close $499.48 Range $427.96 - $540.60

Q4 2024

Shares 259,919 Value ($000) $131,483 Avg Close $552.89 Range $464.38 - $613.22

Q3 2024

Shares 263,219 Value ($000) $153,899 Avg Close $548.30 Range $469.38 - $588.97

Q2 2024

Shares 263,719 Value ($000) $134,302 Avg Close $473.12 Range $420.98 - $509.52

Q1 2024

Shares 262,419 Value ($000) $129,819 Avg Close $488.97 Range $449.89 - $527.55

Q4 2023

Shares 312,219 Value ($000) $164,374 Avg Close $511.31 Range $481.83 - $533.02

Q3 2023

Shares 336,419 Value ($000) $169,619 Avg Close $469.94 Range $426.58 - $492.38

Q2 2023

Shares 340,419 Value ($000) $163,619 Avg Close $464.88 Range $423.41 - $503.95

Q1 2023

Shares 372,219 Value ($000) $175,907 Avg Close $457.25 Range $434.73 - $497.60

Q4 2022

Shares 369,519 Value ($000) $195,912 Avg Close $500.41 Range $460.31 - $526.71

Q3 2022

Shares 358,119 Value ($000) $180,864 Avg Close $495.09 Range $463.11 - $520.39

Q2 2022

Shares 353,119 Value ($000) $181,373 Avg Close $471.05 Range $423.08 - $518.69

Q1 2022

Shares 337,519 Value ($000) $172,125 Avg Close $451.15 Range $416.63 - $489.25

Q4 2021

Shares 327,115 Value ($000) $164,258 Avg Close $422.19 Range $356.94 - $475.98

Q3 2021

Shares 323,615 Value ($000) $126,449 Avg Close $384.84 Range $363.78 - $400.47

Q2 2021

Shares 314,115 Value ($000) $125,784 Avg Close $369.03 Range $333.51 - $394.04

Q1 2021

Shares 313,115 Value ($000) $116,501 Avg Close $319.66 Range $295.28 - $351.97

Q4 2020

Shares 374,515 Value ($000) $131,335 Avg Close $308.19 Range $275.16 - $337.94

Q3 2020

Shares 374,815 Value ($000) $116,856 Avg Close $281.21 Range $262.60 - $296.87

Q2 2020

Shares 367,215 Value ($000) $108,310 Avg Close $261.11 Range $205.85 - $287.65

Q1 2020

Shares 357,113 Value ($000) $89,057 Avg Close $249.73 Range $170.96 - $278.13

Q4 2019

Shares 369,113 Value ($000) $108,512 Avg Close $236.60 Range $191.58 - $272.04

Q3 2019

Shares 318,813 Value ($000) $69,284 Avg Close $217.12 Range $192.52 - $241.58

Q2 2019

Shares 295,513 Value ($000) $72,108 Avg Close $215.47 Range $186.25 - $227.91

Q1 2019

Shares 344,513 Value ($000) $85,184 Avg Close $227.63 Range $209.12 - $242.99

Q4 2018

Shares 275,413 Value ($000) $68,611 Avg Close $235.05 Range $206.71 - $256.77

Q3 2018

Shares 286,813 Value ($000) $76,304 Avg Close $230.64 Range $216.27 - $241.03

Q2 2018

Shares 284,513 Value ($000) $69,802 Avg Close $212.11 Range $189.47 - $226.77

Q1 2018

Shares 284,913 Value ($000) $60,971 Avg Close $201.13 Range $183.43 - $220.66

Q4 2017

Shares 284,113 Value ($000) $62,636 Avg Close $186.06 Range $163.10 - $203.93

Q3 2017

Shares 293,413 Value ($000) $57,465 Avg Close $168.94 Range $160.62 - $176.05

Q2 2017

Shares 316,713 Value ($000) $58,725 Avg Close $152.68 Range $142.90 - $164.81

Q1 2017

Shares 315,913 Value ($000) $51,813 Avg Close $142.11 Range $135.29 - $149.76

Q4 2016

Shares 340,313 Value ($000) $54,464 Avg Close $129.15 Range $114.85 - $142.15

Q3 2016

Shares 361,413 Value ($000) $50,598 Avg Close $120.51 Range $114.30 - $124.16

Q2 2016

Shares 367,313 Value ($000) $51,865 Avg Close $114.17 Range $107.16 - $121.44

Q1 2016

Shares 356,313 Value ($000) $45,929 Avg Close $100.90 Range $91.59 - $112.15

Q4 2015

Shares 361,013 Value ($000) $42,470 Avg Close $99.29 Range $92.98 - $106.88

Q3 2015

Shares 374,313 Value ($000) $43,424 Avg Close $101.20 Range $80.24 - $106.60

Q2 2015

Shares 399,213 Value ($000) $48,704 Avg Close $99.59 Range $93.46 - $104.83

Q1 2015

Shares 407,303 Value ($000) $48,180 Avg Close $93.18 Range $82.54 - $104.09

Q4 2014

Shares 434,703 Value ($000) $43,944 Avg Close $79.25 Range $67.41 - $87.18

Q3 2014

Shares 563,313 Value ($000) $48,586 Avg Close $70.34 Range $65.48 - $74.09

Q2 2014

Shares 566,513 Value ($000) $46,312 Avg Close $65.19 Range $60.93 - $68.74

Q1 2014

Shares 568,713 Value ($000) $46,629 Avg Close $62.13 Range $57.38 - $68.96

Q4 2013

Shares 574,313 Value ($000) $43,246 Avg Close $59.09 Range $54.82 - $62.30

Q3 2013

Shares 566,229 Value ($000) $40,548 Avg Close $58.63 Range $52.92 - $62.34

Q2 2013

Shares 1,382,029 Value ($000) $90,495 Avg Close $50.75 Range $46.46 - $54.18

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	244,919	$80,850	$337.21	$302.50 - $378.46
Q3 2025	255,119	$88,093	$298.94	$231.57 - $357.63
Q2 2025	256,819	$80,120	$374.94	$243.94 - $594.32
Q1 2025	259,719	$136,028	$499.48	$427.96 - $540.60
Q4 2024	259,919	$131,483	$552.89	$464.38 - $613.22
Q3 2024	263,219	$153,899	$548.30	$469.38 - $588.97
Q2 2024	263,719	$134,302	$473.12	$420.98 - $509.52
Q1 2024	262,419	$129,819	$488.97	$449.89 - $527.55
Q4 2023	312,219	$164,374	$511.31	$481.83 - $533.02
Q3 2023	336,419	$169,619	$469.94	$426.58 - $492.38
Q2 2023	340,419	$163,619	$464.88	$423.41 - $503.95
Q1 2023	372,219	$175,907	$457.25	$434.73 - $497.60
Q4 2022	369,519	$195,912	$500.41	$460.31 - $526.71
Q3 2022	358,119	$180,864	$495.09	$463.11 - $520.39
Q2 2022	353,119	$181,373	$471.05	$423.08 - $518.69
Q1 2022	337,519	$172,125	$451.15	$416.63 - $489.25
Q4 2021	327,115	$164,258	$422.19	$356.94 - $475.98
Q3 2021	323,615	$126,449	$384.84	$363.78 - $400.47
Q2 2021	314,115	$125,784	$369.03	$333.51 - $394.04
Q1 2021	313,115	$116,501	$319.66	$295.28 - $351.97
Q4 2020	374,515	$131,335	$308.19	$275.16 - $337.94
Q3 2020	374,815	$116,856	$281.21	$262.60 - $296.87
Q2 2020	367,215	$108,310	$261.11	$205.85 - $287.65
Q1 2020	357,113	$89,057	$249.73	$170.96 - $278.13
Q4 2019	369,113	$108,512	$236.60	$191.58 - $272.04
Q3 2019	318,813	$69,284	$217.12	$192.52 - $241.58
Q2 2019	295,513	$72,108	$215.47	$186.25 - $227.91
Q1 2019	344,513	$85,184	$227.63	$209.12 - $242.99
Q4 2018	275,413	$68,611	$235.05	$206.71 - $256.77
Q3 2018	286,813	$76,304	$230.64	$216.27 - $241.03
Q2 2018	284,513	$69,802	$212.11	$189.47 - $226.77
Q1 2018	284,913	$60,971	$201.13	$183.43 - $220.66
Q4 2017	284,113	$62,636	$186.06	$163.10 - $203.93
Q3 2017	293,413	$57,465	$168.94	$160.62 - $176.05
Q2 2017	316,713	$58,725	$152.68	$142.90 - $164.81
Q1 2017	315,913	$51,813	$142.11	$135.29 - $149.76
Q4 2016	340,313	$54,464	$129.15	$114.85 - $142.15
Q3 2016	361,413	$50,598	$120.51	$114.30 - $124.16
Q2 2016	367,313	$51,865	$114.17	$107.16 - $121.44
Q1 2016	356,313	$45,929	$100.90	$91.59 - $112.15
Q4 2015	361,013	$42,470	$99.29	$92.98 - $106.88
Q3 2015	374,313	$43,424	$101.20	$80.24 - $106.60
Q2 2015	399,213	$48,704	$99.59	$93.46 - $104.83
Q1 2015	407,303	$48,180	$93.18	$82.54 - $104.09
Q4 2014	434,703	$43,944	$79.25	$67.41 - $87.18
Q3 2014	563,313	$48,586	$70.34	$65.48 - $74.09
Q2 2014	566,513	$46,312	$65.19	$60.93 - $68.74
Q1 2014	568,713	$46,629	$62.13	$57.38 - $68.96
Q4 2013	574,313	$43,246	$59.09	$54.82 - $62.30
Q3 2013	566,229	$40,548	$58.63	$52.92 - $62.34
Q2 2013	1,382,029	$90,495	$50.75	$46.46 - $54.18