VENTAS INC

Ticker: VTR CUSIP: 92276F100 Class: COM

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

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

Q4 2025

Shares 123,005 Value ($000) $9,518 Avg Close $74.98 Range $66.52 - $81.39

Q3 2025

Shares 122,905 Value ($000) $8,602 Avg Close $66.33 Range $61.13 - $69.57

Q2 2025

Shares 122,705 Value ($000) $7,749 Avg Close $63.96 Range $58.92 - $69.90

Q1 2025

Shares 118,605 Value ($000) $8,155 Avg Close $62.10 Range $55.13 - $69.10

Q4 2024

Shares 113,905 Value ($000) $6,708 Avg Close $60.66 Range $55.61 - $65.25

Q3 2024

Shares 112,505 Value ($000) $7,215 Avg Close $55.96 Range $48.28 - $62.92

Q2 2024

Shares 110,805 Value ($000) $5,680 Avg Close $44.49 Range $39.38 - $48.70

Q1 2024

Shares 110,205 Value ($000) $4,798 Avg Close $42.71 Range $39.41 - $47.58

Q4 2023

Shares 110,205 Value ($000) $5,493 Avg Close $41.74 Range $36.65 - $47.52

Q3 2023

Shares 110,305 Value ($000) $4,647 Avg Close $41.54 Range $38.09 - $46.14

Q2 2023

Shares 110,005 Value ($000) $5,200 Avg Close $41.40 Range $38.14 - $44.59

Q1 2023

Shares 109,805 Value ($000) $4,760 Avg Close $43.58 Range $37.43 - $48.05

Q4 2022

Shares 108,605 Value ($000) $4,893 Avg Close $37.75 Range $31.62 - $42.67

Q3 2022

Shares 108,205 Value ($000) $4,347 Avg Close $43.49 Range $34.25 - $47.88

Q2 2022

Shares 107,805 Value ($000) $5,544 Avg Close $49.12 Range $41.90 - $55.67

Q1 2022

Shares 107,605 Value ($000) $6,646 Avg Close $47.59 Range $42.74 - $55.75

Q4 2021

Shares 107,314 Value ($000) $5,486 Avg Close $45.11 Range $39.23 - $49.21

Q3 2021

Shares 98,714 Value ($000) $5,450 Avg Close $49.08 Range $45.88 - $52.32

Q2 2021

Shares 94,314 Value ($000) $5,385 Avg Close $47.45 Range $44.22 - $50.77

Q1 2021

Shares 94,014 Value ($000) $5,015 Avg Close $43.25 Range $38.26 - $48.96

Q4 2020

Shares 94,214 Value ($000) $4,620 Avg Close $38.61 Range $31.59 - $44.00

Q3 2020

Shares 95,214 Value ($000) $3,995 Avg Close $33.04 Range $27.94 - $38.41

Q2 2020

Shares 95,314 Value ($000) $3,490 Avg Close $26.96 Range $17.53 - $37.49

Q1 2020

Shares 85,410 Value ($000) $2,289 Avg Close $39.41 Range $10.59 - $50.29

Q4 2019

Shares 90,110 Value ($000) $5,203 Avg Close $49.16 Range $42.73 - $58.47

Q3 2019

Shares 89,610 Value ($000) $6,544 Avg Close $54.96 Range $50.85 - $58.38

Q2 2019

Shares 88,410 Value ($000) $6,043 Avg Close $48.82 Range $43.78 - $56.44

Q1 2019

Shares 102,610 Value ($000) $6,548 Avg Close $47.25 Range $42.74 - $49.48

Q4 2018

Shares 102,010 Value ($000) $5,977 Avg Close $43.99 Range $38.64 - $49.01

Q3 2018

Shares 106,210 Value ($000) $5,776 Avg Close $42.57 Range $39.40 - $44.41

Q2 2018

Shares 105,510 Value ($000) $6,009 Avg Close $37.95 Range $33.75 - $42.14

Q1 2018

Shares 104,910 Value ($000) $5,196 Avg Close $37.43 Range $34.11 - $43.17

Q4 2017

Shares 104,410 Value ($000) $6,266 Avg Close $44.53 Range $42.05 - $46.29

Q3 2017

Shares 108,110 Value ($000) $7,041 Avg Close $47.09 Range $44.84 - $48.98

Q2 2017

Shares 116,610 Value ($000) $8,102 Avg Close $46.00 Range $42.33 - $50.39

Q1 2017

Shares 116,510 Value ($000) $7,578 Avg Close $42.52 Range $40.59 - $44.82

Q4 2016

Shares 115,810 Value ($000) $7,240 Avg Close $42.58 Range $37.73 - $47.27

Q3 2016

Shares 122,582 Value ($000) $8,658 Avg Close $48.34 Range $44.78 - $51.02

Q2 2016

Shares 117,482 Value ($000) $8,555 Avg Close $43.45 Range $39.05 - $48.42

Q1 2016

Shares 115,682 Value ($000) $7,283 Avg Close $36.67 Range $30.41 - $41.81

Q4 2015

Shares 113,882 Value ($000) $6,426 Avg Close $34.92 Range $31.58 - $37.61

Q3 2015

Shares 119,982 Value ($000) $6,726 Avg Close $41.55 Range $33.17 - $49.57

Q2 2015

Shares 128,282 Value ($000) $7,965 Avg Close $48.92 Range $44.44 - $55.13

Q1 2015

Shares 127,582 Value ($000) $9,316 Avg Close $53.43 Range $49.19 - $57.93

Q4 2014

Shares 121,282 Value ($000) $8,696 Avg Close $48.29 Range $43.18 - $52.43

Q3 2014

Shares 120,682 Value ($000) $7,476 Avg Close $44.22 Range $42.29 - $45.74

Q2 2014

Shares 120,582 Value ($000) $7,729 Avg Close $44.52 Range $41.18 - $47.12

Q1 2014

Shares 120,082 Value ($000) $7,273 Avg Close $41.21 Range $38.05 - $43.07

Q4 2013

Shares 119,582 Value ($000) $6,850 Avg Close $40.58 Range $36.85 - $45.02

Q3 2013

Shares 119,282 Value ($000) $7,336 Avg Close $42.87 Range $38.53 - $47.61

Q2 2013

Shares 119,082 Value ($000) $8,271 Avg Close $49.18 Range $42.01 - $54.85

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	123,005	$9,518	$74.98	$66.52 - $81.39
Q3 2025	122,905	$8,602	$66.33	$61.13 - $69.57
Q2 2025	122,705	$7,749	$63.96	$58.92 - $69.90
Q1 2025	118,605	$8,155	$62.10	$55.13 - $69.10
Q4 2024	113,905	$6,708	$60.66	$55.61 - $65.25
Q3 2024	112,505	$7,215	$55.96	$48.28 - $62.92
Q2 2024	110,805	$5,680	$44.49	$39.38 - $48.70
Q1 2024	110,205	$4,798	$42.71	$39.41 - $47.58
Q4 2023	110,205	$5,493	$41.74	$36.65 - $47.52
Q3 2023	110,305	$4,647	$41.54	$38.09 - $46.14
Q2 2023	110,005	$5,200	$41.40	$38.14 - $44.59
Q1 2023	109,805	$4,760	$43.58	$37.43 - $48.05
Q4 2022	108,605	$4,893	$37.75	$31.62 - $42.67
Q3 2022	108,205	$4,347	$43.49	$34.25 - $47.88
Q2 2022	107,805	$5,544	$49.12	$41.90 - $55.67
Q1 2022	107,605	$6,646	$47.59	$42.74 - $55.75
Q4 2021	107,314	$5,486	$45.11	$39.23 - $49.21
Q3 2021	98,714	$5,450	$49.08	$45.88 - $52.32
Q2 2021	94,314	$5,385	$47.45	$44.22 - $50.77
Q1 2021	94,014	$5,015	$43.25	$38.26 - $48.96
Q4 2020	94,214	$4,620	$38.61	$31.59 - $44.00
Q3 2020	95,214	$3,995	$33.04	$27.94 - $38.41
Q2 2020	95,314	$3,490	$26.96	$17.53 - $37.49
Q1 2020	85,410	$2,289	$39.41	$10.59 - $50.29
Q4 2019	90,110	$5,203	$49.16	$42.73 - $58.47
Q3 2019	89,610	$6,544	$54.96	$50.85 - $58.38
Q2 2019	88,410	$6,043	$48.82	$43.78 - $56.44
Q1 2019	102,610	$6,548	$47.25	$42.74 - $49.48
Q4 2018	102,010	$5,977	$43.99	$38.64 - $49.01
Q3 2018	106,210	$5,776	$42.57	$39.40 - $44.41
Q2 2018	105,510	$6,009	$37.95	$33.75 - $42.14
Q1 2018	104,910	$5,196	$37.43	$34.11 - $43.17
Q4 2017	104,410	$6,266	$44.53	$42.05 - $46.29
Q3 2017	108,110	$7,041	$47.09	$44.84 - $48.98
Q2 2017	116,610	$8,102	$46.00	$42.33 - $50.39
Q1 2017	116,510	$7,578	$42.52	$40.59 - $44.82
Q4 2016	115,810	$7,240	$42.58	$37.73 - $47.27
Q3 2016	122,582	$8,658	$48.34	$44.78 - $51.02
Q2 2016	117,482	$8,555	$43.45	$39.05 - $48.42
Q1 2016	115,682	$7,283	$36.67	$30.41 - $41.81
Q4 2015	113,882	$6,426	$34.92	$31.58 - $37.61
Q3 2015	119,982	$6,726	$41.55	$33.17 - $49.57
Q2 2015	128,282	$7,965	$48.92	$44.44 - $55.13
Q1 2015	127,582	$9,316	$53.43	$49.19 - $57.93
Q4 2014	121,282	$8,696	$48.29	$43.18 - $52.43
Q3 2014	120,682	$7,476	$44.22	$42.29 - $45.74
Q2 2014	120,582	$7,729	$44.52	$41.18 - $47.12
Q1 2014	120,082	$7,273	$41.21	$38.05 - $43.07
Q4 2013	119,582	$6,850	$40.58	$36.85 - $45.02
Q3 2013	119,282	$7,336	$42.87	$38.53 - $47.61
Q2 2013	119,082	$8,271	$49.18	$42.01 - $54.85