WALMART INC

Ticker: WMT CUSIP: 931142103 Class: Common Stock

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

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

Q4 2025

Shares 1,174,420 Value ($000) $130,842 Avg Close $107.20 Range $98.68 - $117.45

Q3 2025

Shares 1,187,120 Value ($000) $122,345 Avg Close $99.23 Range $93.82 - $105.89

Q2 2025

Shares 1,174,820 Value ($000) $114,874 Avg Close $94.76 Range $79.27 - $100.45

Q1 2025

Shares 1,176,820 Value ($000) $103,313 Avg Close $92.95 Range $83.07 - $104.30

Q4 2024

Shares 1,178,120 Value ($000) $106,443 Avg Close $85.80 Range $78.06 - $95.06

Q3 2024

Shares 1,182,920 Value ($000) $95,521 Avg Close $72.48 Range $65.70 - $80.65

Q2 2024

Shares 1,169,920 Value ($000) $79,215 Avg Close $61.97 Range $57.51 - $68.04

Q1 2024

Shares 1,172,820 Value ($000) $70,569 Avg Close $56.04 Range $50.77 - $60.56

Q4 2023

Shares 390,540 Value ($000) $61,569 Avg Close $51.64 Range $48.79 - $55.24

Q3 2023

Shares 391,240 Value ($000) $62,571 Avg Close $51.81 Range $49.70 - $53.91

Q2 2023

Shares 385,640 Value ($000) $60,615 Avg Close $48.96 Range $46.97 - $51.25

Q1 2023

Shares 385,140 Value ($000) $56,789 Avg Close $45.79 Range $43.73 - $47.90

Q4 2022

Shares 383,540 Value ($000) $54,382 Avg Close $45.66 Range $41.00 - $49.51

Q3 2022

Shares 385,740 Value ($000) $50,030 Avg Close $42.00 Range $38.27 - $45.69

Q2 2022

Shares 378,740 Value ($000) $46,047 Avg Close $44.03 Range $37.38 - $51.06

Q1 2022

Shares 356,740 Value ($000) $53,126 Avg Close $44.59 Range $41.77 - $47.81

Q4 2021

Shares 358,091 Value ($000) $51,812 Avg Close $45.18 Range $42.45 - $47.90

Q3 2021

Shares 376,191 Value ($000) $52,434 Avg Close $45.47 Range $43.40 - $48.08

Q2 2021

Shares 362,591 Value ($000) $51,133 Avg Close $43.81 Range $42.20 - $45.39

Q1 2021

Shares 347,991 Value ($000) $47,268 Avg Close $43.31 Range $39.33 - $46.69

Q4 2020

Shares 348,591 Value ($000) $50,249 Avg Close $45.24 Range $42.63 - $47.68

Q3 2020

Shares 354,291 Value ($000) $49,569 Avg Close $41.31 Range $36.53 - $46.96

Q2 2020

Shares 361,591 Value ($000) $43,311 Avg Close $38.07 Range $34.40 - $41.04

Q1 2020

Shares 325,134 Value ($000) $36,942 Avg Close $35.37 Range $31.24 - $39.23

Q4 2019

Shares 343,034 Value ($000) $40,766 Avg Close $36.38 Range $34.94 - $38.24

Q3 2019

Shares 341,934 Value ($000) $40,581 Avg Close $34.46 Range $31.97 - $36.55

Q2 2019

Shares 334,934 Value ($000) $37,007 Avg Close $31.30 Range $29.22 - $34.05

Q1 2019

Shares 410,234 Value ($000) $40,010 Avg Close $29.24 Range $27.51 - $31.28

Q4 2018

Shares 407,534 Value ($000) $37,962 Avg Close $28.76 Range $25.75 - $31.72

Q3 2018

Shares 427,634 Value ($000) $40,159 Avg Close $27.34 Range $24.76 - $29.92

Q2 2018

Shares 428,334 Value ($000) $36,687 Avg Close $25.25 Range $24.19 - $26.45

Q1 2018

Shares 427,334 Value ($000) $38,020 Avg Close $28.34 Range $25.16 - $32.25

Q4 2017

Shares 429,034 Value ($000) $42,367 Avg Close $26.82 Range $22.61 - $29.30

Q3 2017

Shares 444,134 Value ($000) $34,705 Avg Close $22.90 Range $21.20 - $23.92

Q2 2017

Shares 854,034 Value ($000) $64,633 Avg Close $22.02 Range $20.56 - $23.33

Q1 2017

Shares 863,234 Value ($000) $62,222 Avg Close $19.78 Range $18.66 - $20.90

Q4 2016

Shares 938,534 Value ($000) $64,871 Avg Close $19.91 Range $19.04 - $20.72

Q3 2016

Shares 606,434 Value ($000) $43,736 Avg Close $20.60 Range $19.96 - $21.34

Q2 2016

Shares 608,034 Value ($000) $44,399 Avg Close $19.52 Range $17.68 - $20.63

Q1 2016

Shares 568,734 Value ($000) $38,953 Avg Close $18.31 Range $16.72 - $19.36

Q4 2015

Shares 1,812,134 Value ($000) $111,084 Avg Close $16.63 Range $15.51 - $18.72

Q3 2015

Shares 2,545,334 Value ($000) $165,039 Avg Close $18.91 Range $16.94 - $20.30

Q2 2015

Shares 2,430,034 Value ($000) $172,362 Avg Close $20.88 Range $19.37 - $22.37

Q1 2015

Shares 1,377,234 Value ($000) $113,277 Avg Close $23.04 Range $21.90 - $24.59

Q4 2014

Shares 3,902,534 Value ($000) $335,150 Avg Close $21.83 Range $19.52 - $23.68

Q3 2014

Shares 6,253,257 Value ($000) $478,187 Avg Close $20.31 Range $19.43 - $20.89

Q2 2014

Shares 6,220,357 Value ($000) $466,962 Avg Close $20.53 Range $19.94 - $21.23

Q1 2014

Shares 3,129,257 Value ($000) $239,169 Avg Close $19.90 Range $19.06 - $20.96

Q4 2013

Shares 726,657 Value ($000) $57,181 Avg Close $20.35 Range $18.75 - $21.46

Q3 2013

Shares 731,057 Value ($000) $54,069 Avg Close $19.78 Range $18.93 - $20.59

Q2 2013

Shares 714,357 Value ($000) $53,212 Avg Close $19.98 Range $19.00 - $20.84

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,174,420	$130,842	$107.20	$98.68 - $117.45
Q3 2025	1,187,120	$122,345	$99.23	$93.82 - $105.89
Q2 2025	1,174,820	$114,874	$94.76	$79.27 - $100.45
Q1 2025	1,176,820	$103,313	$92.95	$83.07 - $104.30
Q4 2024	1,178,120	$106,443	$85.80	$78.06 - $95.06
Q3 2024	1,182,920	$95,521	$72.48	$65.70 - $80.65
Q2 2024	1,169,920	$79,215	$61.97	$57.51 - $68.04
Q1 2024	1,172,820	$70,569	$56.04	$50.77 - $60.56
Q4 2023	390,540	$61,569	$51.64	$48.79 - $55.24
Q3 2023	391,240	$62,571	$51.81	$49.70 - $53.91
Q2 2023	385,640	$60,615	$48.96	$46.97 - $51.25
Q1 2023	385,140	$56,789	$45.79	$43.73 - $47.90
Q4 2022	383,540	$54,382	$45.66	$41.00 - $49.51
Q3 2022	385,740	$50,030	$42.00	$38.27 - $45.69
Q2 2022	378,740	$46,047	$44.03	$37.38 - $51.06
Q1 2022	356,740	$53,126	$44.59	$41.77 - $47.81
Q4 2021	358,091	$51,812	$45.18	$42.45 - $47.90
Q3 2021	376,191	$52,434	$45.47	$43.40 - $48.08
Q2 2021	362,591	$51,133	$43.81	$42.20 - $45.39
Q1 2021	347,991	$47,268	$43.31	$39.33 - $46.69
Q4 2020	348,591	$50,249	$45.24	$42.63 - $47.68
Q3 2020	354,291	$49,569	$41.31	$36.53 - $46.96
Q2 2020	361,591	$43,311	$38.07	$34.40 - $41.04
Q1 2020	325,134	$36,942	$35.37	$31.24 - $39.23
Q4 2019	343,034	$40,766	$36.38	$34.94 - $38.24
Q3 2019	341,934	$40,581	$34.46	$31.97 - $36.55
Q2 2019	334,934	$37,007	$31.30	$29.22 - $34.05
Q1 2019	410,234	$40,010	$29.24	$27.51 - $31.28
Q4 2018	407,534	$37,962	$28.76	$25.75 - $31.72
Q3 2018	427,634	$40,159	$27.34	$24.76 - $29.92
Q2 2018	428,334	$36,687	$25.25	$24.19 - $26.45
Q1 2018	427,334	$38,020	$28.34	$25.16 - $32.25
Q4 2017	429,034	$42,367	$26.82	$22.61 - $29.30
Q3 2017	444,134	$34,705	$22.90	$21.20 - $23.92
Q2 2017	854,034	$64,633	$22.02	$20.56 - $23.33
Q1 2017	863,234	$62,222	$19.78	$18.66 - $20.90
Q4 2016	938,534	$64,871	$19.91	$19.04 - $20.72
Q3 2016	606,434	$43,736	$20.60	$19.96 - $21.34
Q2 2016	608,034	$44,399	$19.52	$17.68 - $20.63
Q1 2016	568,734	$38,953	$18.31	$16.72 - $19.36
Q4 2015	1,812,134	$111,084	$16.63	$15.51 - $18.72
Q3 2015	2,545,334	$165,039	$18.91	$16.94 - $20.30
Q2 2015	2,430,034	$172,362	$20.88	$19.37 - $22.37
Q1 2015	1,377,234	$113,277	$23.04	$21.90 - $24.59
Q4 2014	3,902,534	$335,150	$21.83	$19.52 - $23.68
Q3 2014	6,253,257	$478,187	$20.31	$19.43 - $20.89
Q2 2014	6,220,357	$466,962	$20.53	$19.94 - $21.23
Q1 2014	3,129,257	$239,169	$19.90	$19.06 - $20.96
Q4 2013	726,657	$57,181	$20.35	$18.75 - $21.46
Q3 2013	731,057	$54,069	$19.78	$18.93 - $20.59
Q2 2013	714,357	$53,212	$19.98	$19.00 - $20.84