WALKER & DUNLOP INC

Ticker: WD CUSIP: 93148P102 Class: EQTY

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

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

Q1 2020

Shares 8,880 Value ($000) $358 Avg Close $53.80 Range $29.16 - $67.98

Q4 2019

Shares 8,750 Value ($000) $566 Avg Close $53.79 Range $46.06 - $58.28

Q3 2019

Shares 8,520 Value ($000) $477 Avg Close $47.48 Range $43.07 - $50.13

Q2 2019

Shares 8,330 Value ($000) $443 Avg Close $44.56 Range $41.77 - $49.78

Q1 2019

Shares 10,370 Value ($000) $527 Avg Close $42.49 Range $35.30 - $49.08

Q4 2018

Shares 10,510 Value ($000) $455 Avg Close $38.26 Range $31.70 - $44.26

Q2 2018

Shares 10,150 Value ($000) $565 Avg Close $47.54 Range $42.28 - $50.56

Q1 2018

Shares 11,190 Value ($000) $665 Avg Close $40.71 Range $34.93 - $49.32

Q4 2017

Shares 10,700 Value ($000) $508 Avg Close $41.73 Range $37.40 - $46.23

Q3 2017

Shares 13,740 Value ($000) $719 Avg Close $39.92 Range $36.67 - $43.56

Q2 2017

Shares 9,690 Value ($000) $473 Avg Close $38.18 Range $32.25 - $43.75

Q1 2017

Shares 46,170 Value ($000) $1,925 Avg Close $30.19 Range $24.51 - $35.44

Q4 2016

Shares 46,170 Value ($000) $1,441 Avg Close $22.96 Range $19.33 - $26.55

Q3 2016

Shares 6,030 Value ($000) $152 Avg Close $20.81 Range $17.81 - $22.97

Q2 2016

Shares 5,930 Value ($000) $135 Avg Close $19.15 Range $16.27 - $20.82

Q1 2016

Shares 5,780 Value ($000) $140 Avg Close $19.36 Range $15.97 - $23.80

Q4 2015

Shares 5,450 Value ($000) $157 Avg Close $23.62 Range $20.99 - $27.16

Q3 2015

Shares 5,080 Value ($000) $132 Avg Close $20.48 Range $18.54 - $23.05

Q2 2015

Shares 50,440 Value ($000) $1,349 Avg Close $18.18 Range $14.14 - $22.41

Q1 2015

Shares 45,100 Value ($000) $800 Avg Close $13.90 Range $12.99 - $15.03

Q4 2014

Shares 45,100 Value ($000) $791 Avg Close $13.01 Range $10.75 - $14.70

Q3 2014

Shares 46,500 Value ($000) $618 Avg Close $11.36 Range $10.50 - $12.27

Q2 2014

Shares 46,500 Value ($000) $656 Avg Close $12.50 Range $11.36 - $13.98

Q1 2014

Shares 46,500 Value ($000) $760 Avg Close $12.84 Range $11.06 - $14.33

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	8,880	$358	$53.80	$29.16 - $67.98
Q4 2019	8,750	$566	$53.79	$46.06 - $58.28
Q3 2019	8,520	$477	$47.48	$43.07 - $50.13
Q2 2019	8,330	$443	$44.56	$41.77 - $49.78
Q1 2019	10,370	$527	$42.49	$35.30 - $49.08
Q4 2018	10,510	$455	$38.26	$31.70 - $44.26
Q2 2018	10,150	$565	$47.54	$42.28 - $50.56
Q1 2018	11,190	$665	$40.71	$34.93 - $49.32
Q4 2017	10,700	$508	$41.73	$37.40 - $46.23
Q3 2017	13,740	$719	$39.92	$36.67 - $43.56
Q2 2017	9,690	$473	$38.18	$32.25 - $43.75
Q1 2017	46,170	$1,925	$30.19	$24.51 - $35.44
Q4 2016	46,170	$1,441	$22.96	$19.33 - $26.55
Q3 2016	6,030	$152	$20.81	$17.81 - $22.97
Q2 2016	5,930	$135	$19.15	$16.27 - $20.82
Q1 2016	5,780	$140	$19.36	$15.97 - $23.80
Q4 2015	5,450	$157	$23.62	$20.99 - $27.16
Q3 2015	5,080	$132	$20.48	$18.54 - $23.05
Q2 2015	50,440	$1,349	$18.18	$14.14 - $22.41
Q1 2015	45,100	$800	$13.90	$12.99 - $15.03
Q4 2014	45,100	$791	$13.01	$10.75 - $14.70
Q3 2014	46,500	$618	$11.36	$10.50 - $12.27
Q2 2014	46,500	$656	$12.50	$11.36 - $13.98
Q1 2014	46,500	$760	$12.84	$11.06 - $14.33