WATERS CORP

Ticker: WAT CUSIP: 941848103 Class: COM

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

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

Q4 2025

Shares 16,197 Value ($000) $6,152 Avg Close $367.96 Range $299.63 - $414.15

Q3 2025

Shares 16,797 Value ($000) $5,036 Avg Close $301.75 Range $275.05 - $366.68

Q2 2025

Shares 16,897 Value ($000) $5,898 Avg Close $343.81 Range $297.14 - $368.02

Q1 2025

Shares 16,597 Value ($000) $6,117 Avg Close $387.18 Range $355.00 - $423.56

Q4 2024

Shares 16,597 Value ($000) $6,157 Avg Close $365.79 Range $321.32 - $397.02

Q3 2024

Shares 17,097 Value ($000) $6,153 Avg Close $325.56 Range $279.24 - $363.55

Q2 2024

Shares 17,097 Value ($000) $4,960 Avg Close $319.12 Range $283.59 - $367.21

Q1 2024

Shares 16,897 Value ($000) $5,816 Avg Close $328.72 Range $293.46 - $363.80

Q4 2023

Shares 16,897 Value ($000) $5,563 Avg Close $276.19 Range $231.90 - $335.40

Q3 2023

Shares 16,797 Value ($000) $4,606 Avg Close $276.34 Range $256.06 - $300.77

Q2 2023

Shares 16,897 Value ($000) $4,504 Avg Close $278.30 Range $248.18 - $313.25

Q1 2023

Shares 16,297 Value ($000) $5,046 Avg Close $323.46 Range $291.95 - $350.97

Q4 2022

Shares 16,097 Value ($000) $5,515 Avg Close $316.35 Range $265.61 - $353.71

Q3 2022

Shares 16,197 Value ($000) $4,366 Avg Close $319.20 Range $269.37 - $369.00

Q2 2022

Shares 16,297 Value ($000) $5,394 Avg Close $317.42 Range $288.32 - $344.15

Q1 2022

Shares 15,397 Value ($000) $4,779 Avg Close $325.36 Range $297.65 - $372.24

Q4 2021

Shares 15,362 Value ($000) $5,724 Avg Close $349.78 Range $324.35 - $375.24

Q3 2021

Shares 15,362 Value ($000) $5,489 Avg Close $391.72 Range $343.15 - $428.22

Q2 2021

Shares 15,462 Value ($000) $5,344 Avg Close $316.51 Range $279.69 - $349.07

Q1 2021

Shares 15,562 Value ($000) $4,422 Avg Close $273.06 Range $244.77 - $299.06

Q4 2020

Shares 15,562 Value ($000) $3,850 Avg Close $226.59 Range $192.54 - $252.67

Q3 2020

Shares 15,762 Value ($000) $3,084 Avg Close $207.83 Range $179.76 - $239.74

Q2 2020

Shares 15,762 Value ($000) $2,843 Avg Close $189.00 Range $171.38 - $210.90

Q1 2020

Shares 14,796 Value ($000) $2,694 Avg Close $210.92 Range $154.39 - $245.68

Q4 2019

Shares 15,596 Value ($000) $3,644 Avg Close $220.88 Range $204.58 - $236.37

Q3 2019

Shares 16,096 Value ($000) $3,593 Avg Close $215.83 Range $199.87 - $237.51

Q2 2019

Shares 16,596 Value ($000) $3,572 Avg Close $218.51 Range $199.11 - $255.21

Q1 2019

Shares 20,596 Value ($000) $5,184 Avg Close $227.86 Range $174.95 - $252.24

Q4 2018

Shares 21,696 Value ($000) $4,093 Avg Close $189.96 Range $167.94 - $204.64

Q3 2018

Shares 22,996 Value ($000) $4,477 Avg Close $193.64 Range $184.81 - $202.79

Q2 2018

Shares 23,196 Value ($000) $4,491 Avg Close $196.97 Range $187.28 - $211.78

Q1 2018

Shares 23,196 Value ($000) $4,608 Avg Close $206.81 Range $187.66 - $220.20

Q4 2017

Shares 23,296 Value ($000) $4,501 Avg Close $193.09 Range $179.27 - $201.95

Q3 2017

Shares 24,196 Value ($000) $4,344 Avg Close $181.32 Range $171.32 - $190.39

Q2 2017

Shares 26,296 Value ($000) $4,834 Avg Close $173.76 Range $154.15 - $187.65

Q1 2017

Shares 26,296 Value ($000) $4,110 Avg Close $149.35 Range $134.68 - $158.81

Q4 2016

Shares 40,996 Value ($000) $5,509 Avg Close $142.72 Range $133.35 - $160.00

Q3 2016

Shares 35,324 Value ($000) $5,599 Avg Close $154.74 Range $140.50 - $162.53

Q2 2016

Shares 48,624 Value ($000) $6,839 Avg Close $135.27 Range $128.90 - $140.75

Q1 2016

Shares 45,224 Value ($000) $5,966 Avg Close $124.75 Range $112.00 - $133.02

Q4 2015

Shares 129,524 Value ($000) $17,431 Avg Close $128.50 Range $115.21 - $136.95

Q3 2015

Shares 224,224 Value ($000) $26,506 Avg Close $126.49 Range $113.98 - $136.17

Q2 2015

Shares 226,524 Value ($000) $29,081 Avg Close $129.76 Range $120.79 - $137.39

Q1 2015

Shares 139,424 Value ($000) $17,333 Avg Close $119.29 Range $111.77 - $125.86

Q4 2014

Shares 34,324 Value ($000) $3,869 Avg Close $109.55 Range $93.56 - $117.71

Q3 2014

Shares 34,424 Value ($000) $3,412 Avg Close $103.09 Range $99.08 - $108.89

Q2 2014

Shares 34,724 Value ($000) $3,627 Avg Close $105.18 Range $97.86 - $114.36

Q1 2014

Shares 34,724 Value ($000) $3,764 Avg Close $108.40 Range $97.90 - $115.06

Q4 2013

Shares 34,624 Value ($000) $3,462 Avg Close $100.80 Range $94.50 - $107.13

Q3 2013

Shares 34,624 Value ($000) $3,677 Avg Close $102.55 Range $97.53 - $108.89

Q2 2013

Shares 34,824 Value ($000) $3,484 Avg Close $95.76 Range $87.85 - $102.69

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	16,197	$6,152	$367.96	$299.63 - $414.15
Q3 2025	16,797	$5,036	$301.75	$275.05 - $366.68
Q2 2025	16,897	$5,898	$343.81	$297.14 - $368.02
Q1 2025	16,597	$6,117	$387.18	$355.00 - $423.56
Q4 2024	16,597	$6,157	$365.79	$321.32 - $397.02
Q3 2024	17,097	$6,153	$325.56	$279.24 - $363.55
Q2 2024	17,097	$4,960	$319.12	$283.59 - $367.21
Q1 2024	16,897	$5,816	$328.72	$293.46 - $363.80
Q4 2023	16,897	$5,563	$276.19	$231.90 - $335.40
Q3 2023	16,797	$4,606	$276.34	$256.06 - $300.77
Q2 2023	16,897	$4,504	$278.30	$248.18 - $313.25
Q1 2023	16,297	$5,046	$323.46	$291.95 - $350.97
Q4 2022	16,097	$5,515	$316.35	$265.61 - $353.71
Q3 2022	16,197	$4,366	$319.20	$269.37 - $369.00
Q2 2022	16,297	$5,394	$317.42	$288.32 - $344.15
Q1 2022	15,397	$4,779	$325.36	$297.65 - $372.24
Q4 2021	15,362	$5,724	$349.78	$324.35 - $375.24
Q3 2021	15,362	$5,489	$391.72	$343.15 - $428.22
Q2 2021	15,462	$5,344	$316.51	$279.69 - $349.07
Q1 2021	15,562	$4,422	$273.06	$244.77 - $299.06
Q4 2020	15,562	$3,850	$226.59	$192.54 - $252.67
Q3 2020	15,762	$3,084	$207.83	$179.76 - $239.74
Q2 2020	15,762	$2,843	$189.00	$171.38 - $210.90
Q1 2020	14,796	$2,694	$210.92	$154.39 - $245.68
Q4 2019	15,596	$3,644	$220.88	$204.58 - $236.37
Q3 2019	16,096	$3,593	$215.83	$199.87 - $237.51
Q2 2019	16,596	$3,572	$218.51	$199.11 - $255.21
Q1 2019	20,596	$5,184	$227.86	$174.95 - $252.24
Q4 2018	21,696	$4,093	$189.96	$167.94 - $204.64
Q3 2018	22,996	$4,477	$193.64	$184.81 - $202.79
Q2 2018	23,196	$4,491	$196.97	$187.28 - $211.78
Q1 2018	23,196	$4,608	$206.81	$187.66 - $220.20
Q4 2017	23,296	$4,501	$193.09	$179.27 - $201.95
Q3 2017	24,196	$4,344	$181.32	$171.32 - $190.39
Q2 2017	26,296	$4,834	$173.76	$154.15 - $187.65
Q1 2017	26,296	$4,110	$149.35	$134.68 - $158.81
Q4 2016	40,996	$5,509	$142.72	$133.35 - $160.00
Q3 2016	35,324	$5,599	$154.74	$140.50 - $162.53
Q2 2016	48,624	$6,839	$135.27	$128.90 - $140.75
Q1 2016	45,224	$5,966	$124.75	$112.00 - $133.02
Q4 2015	129,524	$17,431	$128.50	$115.21 - $136.95
Q3 2015	224,224	$26,506	$126.49	$113.98 - $136.17
Q2 2015	226,524	$29,081	$129.76	$120.79 - $137.39
Q1 2015	139,424	$17,333	$119.29	$111.77 - $125.86
Q4 2014	34,324	$3,869	$109.55	$93.56 - $117.71
Q3 2014	34,424	$3,412	$103.09	$99.08 - $108.89
Q2 2014	34,724	$3,627	$105.18	$97.86 - $114.36
Q1 2014	34,724	$3,764	$108.40	$97.90 - $115.06
Q4 2013	34,624	$3,462	$100.80	$94.50 - $107.13
Q3 2013	34,624	$3,677	$102.55	$97.53 - $108.89
Q2 2013	34,824	$3,484	$95.76	$87.85 - $102.69