VISA INC

Ticker: V CUSIP: 92826C839 Class: Common Stock

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

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

Q4 2025

Shares 553,223 Value ($000) $194,021 Avg Close $340.38 Range $318.00 - $356.73

Q3 2025

Shares 594,223 Value ($000) $202,856 Avg Close $345.14 Range $327.47 - $358.32

Q2 2025

Shares 600,023 Value ($000) $213,038 Avg Close $346.99 Range $297.39 - $374.11

Q1 2025

Shares 593,923 Value ($000) $208,146 Avg Close $336.32 Range $301.70 - $364.57

Q4 2024

Shares 595,423 Value ($000) $188,177 Avg Close $298.33 Range $270.80 - $319.35

Q3 2024

Shares 580,723 Value ($000) $159,670 Avg Close $267.71 Range $249.94 - $290.45

Q2 2024

Shares 581,923 Value ($000) $152,737 Avg Close $270.83 Range $258.40 - $279.39

Q1 2024

Shares 585,523 Value ($000) $163,408 Avg Close $272.36 Range $253.11 - $287.25

Q4 2023

Shares 588,623 Value ($000) $153,248 Avg Close $242.67 Range $223.98 - $259.41

Q3 2023

Shares 582,323 Value ($000) $133,940 Avg Close $236.17 Range $223.46 - $245.89

Q2 2023

Shares 595,823 Value ($000) $141,496 Avg Close $224.44 Range $212.14 - $233.87

Q1 2023

Shares 646,723 Value ($000) $145,810 Avg Close $217.85 Range $201.55 - $229.06

Q4 2022

Shares 644,923 Value ($000) $133,989 Avg Close $196.98 Range $170.32 - $215.06

Q3 2022

Shares 575,923 Value ($000) $102,313 Avg Close $198.34 Range $170.54 - $212.34

Q2 2022

Shares 469,576 Value ($000) $92,455 Avg Close $201.06 Range $181.03 - $222.80

Q1 2022

Shares 446,523 Value ($000) $99,025 Avg Close $210.05 Range $181.42 - $228.85

Q4 2021

Shares 450,373 Value ($000) $97,600 Avg Close $208.13 Range $184.46 - $229.52

Q3 2021

Shares 637,449 Value ($000) $141,992 Avg Close $226.99 Range $209.52 - $244.40

Q2 2021

Shares 571,249 Value ($000) $133,569 Avg Close $220.99 Range $205.06 - $230.68

Q1 2021

Shares 574,349 Value ($000) $121,607 Avg Close $203.18 Range $185.94 - $220.44

Q4 2020

Shares 723,949 Value ($000) $158,349 Avg Close $197.22 Range $172.59 - $212.54

Q3 2020

Shares 852,649 Value ($000) $170,504 Avg Close $192.21 Range $179.97 - $209.29

Q2 2020

Shares 905,349 Value ($000) $174,886 Avg Close $175.53 Range $144.56 - $194.39

Q1 2020

Shares 857,244 Value ($000) $138,119 Avg Close $180.69 Range $128.56 - $205.58

Q4 2019

Shares 878,844 Value ($000) $165,135 Avg Close $172.55 Range $161.32 - $182.01

Q3 2019

Shares 837,944 Value ($000) $144,135 Avg Close $170.31 Range $159.55 - $178.99

Q2 2019

Shares 839,144 Value ($000) $145,633 Avg Close $156.33 Range $149.14 - $167.16

Q1 2019

Shares 927,144 Value ($000) $144,811 Avg Close $137.38 Range $121.79 - $149.61

Q4 2018

Shares 925,944 Value ($000) $122,169 Avg Close $131.41 Range $115.81 - $144.08

Q3 2018

Shares 1,528,944 Value ($000) $229,479 Avg Close $135.08 Range $124.49 - $143.21

Q2 2018

Shares 1,524,844 Value ($000) $201,966 Avg Close $122.08 Range $110.61 - $129.75

Q1 2018

Shares 1,578,744 Value ($000) $188,849 Avg Close $114.76 Range $105.03 - $120.04

Q4 2017

Shares 1,579,544 Value ($000) $180,100 Avg Close $104.38 Range $99.07 - $108.72

Q3 2017

Shares 1,411,144 Value ($000) $148,509 Avg Close $95.71 Range $87.87 - $100.90

Q2 2017

Shares 1,329,744 Value ($000) $124,703 Avg Close $87.43 Range $82.95 - $91.08

Q1 2017

Shares 1,333,344 Value ($000) $118,494 Avg Close $80.89 Range $73.74 - $86.64

Q4 2016

Shares 1,821,744 Value ($000) $142,132 Avg Close $75.44 Range $70.62 - $78.71

Q3 2016

Shares 2,025,080 Value ($000) $167,474 Avg Close $74.99 Range $69.09 - $78.55

Q2 2016

Shares 1,731,680 Value ($000) $128,439 Avg Close $73.22 Range $68.55 - $76.47

Q1 2016

Shares 1,703,680 Value ($000) $130,297 Avg Close $67.81 Range $61.65 - $71.93

Q4 2015

Shares 679,680 Value ($000) $52,709 Avg Close $72.17 Range $63.62 - $75.53

Q3 2015

Shares 718,080 Value ($000) $50,021 Avg Close $66.38 Range $55.84 - $71.47

Q2 2015

Shares 756,880 Value ($000) $50,824 Avg Close $62.92 Range $59.69 - $65.68

Q1 2015

Shares 751,980 Value ($000) $49,187 Avg Close $61.28 Range $56.75 - $64.61

Q4 2014

Shares 201,220 Value ($000) $52,760 Avg Close $55.69 Range $45.09 - $62.34

Q3 2014

Shares 487,820 Value ($000) $104,086 Avg Close $49.62 Range $48.01 - $51.82

Q2 2014

Shares 422,020 Value ($000) $88,924 Avg Close $48.17 Range $44.84 - $50.21

Q1 2014

Shares 422,920 Value ($000) $91,292 Avg Close $51.12 Range $48.45 - $54.10

Q4 2013

Shares 358,020 Value ($000) $79,724 Avg Close $46.29 Range $41.29 - $51.16

Q3 2013

Shares 360,920 Value ($000) $68,972 Avg Close $42.33 Range $39.13 - $46.05

Q2 2013

Shares 361,420 Value ($000) $66,050 Avg Close $40.02 Range $36.84 - $42.39

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	553,223	$194,021	$340.38	$318.00 - $356.73
Q3 2025	594,223	$202,856	$345.14	$327.47 - $358.32
Q2 2025	600,023	$213,038	$346.99	$297.39 - $374.11
Q1 2025	593,923	$208,146	$336.32	$301.70 - $364.57
Q4 2024	595,423	$188,177	$298.33	$270.80 - $319.35
Q3 2024	580,723	$159,670	$267.71	$249.94 - $290.45
Q2 2024	581,923	$152,737	$270.83	$258.40 - $279.39
Q1 2024	585,523	$163,408	$272.36	$253.11 - $287.25
Q4 2023	588,623	$153,248	$242.67	$223.98 - $259.41
Q3 2023	582,323	$133,940	$236.17	$223.46 - $245.89
Q2 2023	595,823	$141,496	$224.44	$212.14 - $233.87
Q1 2023	646,723	$145,810	$217.85	$201.55 - $229.06
Q4 2022	644,923	$133,989	$196.98	$170.32 - $215.06
Q3 2022	575,923	$102,313	$198.34	$170.54 - $212.34
Q2 2022	469,576	$92,455	$201.06	$181.03 - $222.80
Q1 2022	446,523	$99,025	$210.05	$181.42 - $228.85
Q4 2021	450,373	$97,600	$208.13	$184.46 - $229.52
Q3 2021	637,449	$141,992	$226.99	$209.52 - $244.40
Q2 2021	571,249	$133,569	$220.99	$205.06 - $230.68
Q1 2021	574,349	$121,607	$203.18	$185.94 - $220.44
Q4 2020	723,949	$158,349	$197.22	$172.59 - $212.54
Q3 2020	852,649	$170,504	$192.21	$179.97 - $209.29
Q2 2020	905,349	$174,886	$175.53	$144.56 - $194.39
Q1 2020	857,244	$138,119	$180.69	$128.56 - $205.58
Q4 2019	878,844	$165,135	$172.55	$161.32 - $182.01
Q3 2019	837,944	$144,135	$170.31	$159.55 - $178.99
Q2 2019	839,144	$145,633	$156.33	$149.14 - $167.16
Q1 2019	927,144	$144,811	$137.38	$121.79 - $149.61
Q4 2018	925,944	$122,169	$131.41	$115.81 - $144.08
Q3 2018	1,528,944	$229,479	$135.08	$124.49 - $143.21
Q2 2018	1,524,844	$201,966	$122.08	$110.61 - $129.75
Q1 2018	1,578,744	$188,849	$114.76	$105.03 - $120.04
Q4 2017	1,579,544	$180,100	$104.38	$99.07 - $108.72
Q3 2017	1,411,144	$148,509	$95.71	$87.87 - $100.90
Q2 2017	1,329,744	$124,703	$87.43	$82.95 - $91.08
Q1 2017	1,333,344	$118,494	$80.89	$73.74 - $86.64
Q4 2016	1,821,744	$142,132	$75.44	$70.62 - $78.71
Q3 2016	2,025,080	$167,474	$74.99	$69.09 - $78.55
Q2 2016	1,731,680	$128,439	$73.22	$68.55 - $76.47
Q1 2016	1,703,680	$130,297	$67.81	$61.65 - $71.93
Q4 2015	679,680	$52,709	$72.17	$63.62 - $75.53
Q3 2015	718,080	$50,021	$66.38	$55.84 - $71.47
Q2 2015	756,880	$50,824	$62.92	$59.69 - $65.68
Q1 2015	751,980	$49,187	$61.28	$56.75 - $64.61
Q4 2014	201,220	$52,760	$55.69	$45.09 - $62.34
Q3 2014	487,820	$104,086	$49.62	$48.01 - $51.82
Q2 2014	422,020	$88,924	$48.17	$44.84 - $50.21
Q1 2014	422,920	$91,292	$51.12	$48.45 - $54.10
Q4 2013	358,020	$79,724	$46.29	$41.29 - $51.16
Q3 2013	360,920	$68,972	$42.33	$39.13 - $46.05
Q2 2013	361,420	$66,050	$40.02	$36.84 - $42.39