UNITEDHEALTH GROUP INC

Ticker: UNH CUSIP: 91324P102 Class: Common Stock

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

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

Q2 2020

Shares 10,730 Value ($000) $3,165 Avg Close $261.11 Range $205.85 - $287.65

Q1 2020

Shares 27,810 Value ($000) $6,936 Avg Close $249.73 Range $170.96 - $278.13

Q4 2019

Shares 27,690 Value ($000) $8,140 Avg Close $236.60 Range $191.58 - $272.04

Q3 2019

Shares 28,330 Value ($000) $6,157 Avg Close $217.12 Range $192.52 - $241.58

Q2 2019

Shares 28,280 Value ($000) $6,901 Avg Close $215.47 Range $186.25 - $227.91

Q1 2019

Shares 24,880 Value ($000) $6,152 Avg Close $227.63 Range $209.12 - $242.99

Q4 2018

Shares 37,700 Value ($000) $9,392 Avg Close $235.05 Range $206.71 - $256.77

Q2 2018

Shares 39,030 Value ($000) $9,576 Avg Close $212.11 Range $189.47 - $226.77

Q1 2018

Shares 40,150 Value ($000) $8,592 Avg Close $201.13 Range $183.43 - $220.66

Q4 2017

Shares 39,780 Value ($000) $8,770 Avg Close $186.06 Range $163.10 - $203.93

Q3 2017

Shares 41,620 Value ($000) $8,151 Avg Close $168.94 Range $160.62 - $176.05

Q2 2017

Shares 48,110 Value ($000) $8,920 Avg Close $152.68 Range $142.90 - $164.81

Q1 2017

Shares 50,604 Value ($000) $8,300 Avg Close $142.11 Range $135.29 - $149.76

Q4 2016

Shares 48,670 Value ($000) $7,790 Avg Close $129.15 Range $114.85 - $142.15

Q3 2016

Shares 48,760 Value ($000) $6,827 Avg Close $120.51 Range $114.30 - $124.16

Q2 2016

Shares 48,690 Value ($000) $6,875 Avg Close $114.17 Range $107.16 - $121.44

Q1 2016

Shares 36,970 Value ($000) $4,765 Avg Close $100.90 Range $91.59 - $112.15

Q4 2015

Shares 36,520 Value ($000) $4,296 Avg Close $99.29 Range $92.98 - $106.88

Q3 2015

Shares 36,320 Value ($000) $4,213 Avg Close $101.20 Range $80.24 - $106.60

Q2 2015

Shares 37,010 Value ($000) $4,515 Avg Close $99.59 Range $93.46 - $104.83

Q1 2015

Shares 28,400 Value ($000) $3,359 Avg Close $93.18 Range $82.54 - $104.09

Q4 2014

Shares 33,900 Value ($000) $3,427 Avg Close $79.25 Range $67.41 - $87.18

Q3 2014

Shares 33,900 Value ($000) $2,924 Avg Close $70.34 Range $65.48 - $74.09

Q2 2014

Shares 34,400 Value ($000) $2,812 Avg Close $65.19 Range $60.93 - $68.74

Q1 2014

Shares 34,400 Value ($000) $2,820 Avg Close $62.13 Range $57.38 - $68.96

Q4 2013

Shares 34,200 Value ($000) $2,575 Avg Close $59.09 Range $54.82 - $62.30

Q3 2013

Shares 34,200 Value ($000) $2,449 Avg Close $58.63 Range $52.92 - $62.34

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2020	10,730	$3,165	$261.11	$205.85 - $287.65
Q1 2020	27,810	$6,936	$249.73	$170.96 - $278.13
Q4 2019	27,690	$8,140	$236.60	$191.58 - $272.04
Q3 2019	28,330	$6,157	$217.12	$192.52 - $241.58
Q2 2019	28,280	$6,901	$215.47	$186.25 - $227.91
Q1 2019	24,880	$6,152	$227.63	$209.12 - $242.99
Q4 2018	37,700	$9,392	$235.05	$206.71 - $256.77
Q2 2018	39,030	$9,576	$212.11	$189.47 - $226.77
Q1 2018	40,150	$8,592	$201.13	$183.43 - $220.66
Q4 2017	39,780	$8,770	$186.06	$163.10 - $203.93
Q3 2017	41,620	$8,151	$168.94	$160.62 - $176.05
Q2 2017	48,110	$8,920	$152.68	$142.90 - $164.81
Q1 2017	50,604	$8,300	$142.11	$135.29 - $149.76
Q4 2016	48,670	$7,790	$129.15	$114.85 - $142.15
Q3 2016	48,760	$6,827	$120.51	$114.30 - $124.16
Q2 2016	48,690	$6,875	$114.17	$107.16 - $121.44
Q1 2016	36,970	$4,765	$100.90	$91.59 - $112.15
Q4 2015	36,520	$4,296	$99.29	$92.98 - $106.88
Q3 2015	36,320	$4,213	$101.20	$80.24 - $106.60
Q2 2015	37,010	$4,515	$99.59	$93.46 - $104.83
Q1 2015	28,400	$3,359	$93.18	$82.54 - $104.09
Q4 2014	33,900	$3,427	$79.25	$67.41 - $87.18
Q3 2014	33,900	$2,924	$70.34	$65.48 - $74.09
Q2 2014	34,400	$2,812	$65.19	$60.93 - $68.74
Q1 2014	34,400	$2,820	$62.13	$57.38 - $68.96
Q4 2013	34,200	$2,575	$59.09	$54.82 - $62.30
Q3 2013	34,200	$2,449	$58.63	$52.92 - $62.34