ZIONS BANCORPORATION N A

Ticker: ZION CUSIP: 989701107 Class: COM

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

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

Q4 2025

Shares 34,900 Value ($000) $2,043 Avg Close $54.46 Range $46.19 - $60.77

Q3 2025

Shares 35,200 Value ($000) $1,992 Avg Close $55.64 Range $50.66 - $59.40

Q2 2025

Shares 35,500 Value ($000) $1,844 Avg Close $46.91 Range $39.32 - $52.32

Q1 2025

Shares 35,400 Value ($000) $1,765 Avg Close $53.85 Range $46.19 - $59.45

Q4 2024

Shares 35,000 Value ($000) $1,899 Avg Close $54.79 Range $44.96 - $63.22

Q3 2024

Shares 35,100 Value ($000) $1,657 Avg Close $47.34 Range $42.33 - $53.32

Q2 2024

Shares 35,600 Value ($000) $1,544 Avg Close $42.20 Range $39.05 - $45.54

Q1 2024

Shares 36,400 Value ($000) $1,580 Avg Close $41.24 Range $37.76 - $45.33

Q4 2023

Shares 40,517 Value ($000) $1,777 Avg Close $36.12 Range $28.90 - $46.15

Q3 2023

Shares 40,617 Value ($000) $1,417 Avg Close $34.87 Range $26.69 - $39.64

Q2 2023

Shares 40,717 Value ($000) $1,094 Avg Close $27.74 Range $18.26 - $33.13

Q1 2023

Shares 41,117 Value ($000) $1,231 Avg Close $45.76 Range $22.55 - $55.20

Q4 2022

Shares 40,617 Value ($000) $1,997 Avg Close $50.03 Range $45.21 - $56.10

Q3 2022

Shares 40,717 Value ($000) $2,071 Avg Close $54.69 Range $47.92 - $59.75

Q2 2022

Shares 40,817 Value ($000) $2,078 Avg Close $56.83 Range $49.94 - $67.25

Q1 2022

Shares 38,217 Value ($000) $2,506 Avg Close $68.41 Range $59.49 - $75.44

Q4 2021

Shares 39,416 Value ($000) $2,490 Avg Close $63.85 Range $58.18 - $68.25

Q3 2021

Shares 40,716 Value ($000) $2,520 Avg Close $54.94 Range $47.06 - $64.00

Q2 2021

Shares 41,216 Value ($000) $2,179 Avg Close $56.00 Range $49.79 - $60.65

Q1 2021

Shares 41,216 Value ($000) $2,265 Avg Close $51.49 Range $42.12 - $60.22

Q4 2020

Shares 41,216 Value ($000) $1,790 Avg Close $36.98 Range $28.57 - $44.30

Q3 2020

Shares 41,816 Value ($000) $1,222 Avg Close $32.23 Range $27.55 - $36.51

Q2 2020

Shares 41,816 Value ($000) $1,422 Avg Close $31.66 Range $24.41 - $40.97

Q1 2020

Shares 39,106 Value ($000) $1,046 Avg Close $41.19 Range $23.58 - $52.48

Q4 2019

Shares 41,206 Value ($000) $2,139 Avg Close $48.54 Range $41.61 - $52.08

Q3 2019

Shares 42,506 Value ($000) $1,892 Avg Close $43.22 Range $39.11 - $46.81

Q2 2019

Shares 43,706 Value ($000) $2,010 Avg Close $46.26 Range $42.80 - $50.20

Q1 2019

Shares 53,606 Value ($000) $2,434 Avg Close $47.71 Range $40.03 - $51.81

Q4 2018

Shares 55,006 Value ($000) $2,241 Avg Close $46.61 Range $38.08 - $52.26

Q3 2018

Shares 57,906 Value ($000) $2,904 Avg Close $52.80 Range $49.79 - $54.99

Q2 2018

Shares 58,406 Value ($000) $3,077 Avg Close $55.19 Range $50.84 - $59.19

Q1 2018

Shares 57,806 Value ($000) $3,048 Avg Close $53.82 Range $49.76 - $57.29

Q4 2017

Shares 58,506 Value ($000) $2,974 Avg Close $47.89 Range $43.50 - $52.20

Q3 2017

Shares 61,306 Value ($000) $2,892 Avg Close $44.50 Range $41.23 - $47.70

Q2 2017

Shares 66,606 Value ($000) $2,925 Avg Close $41.18 Range $38.43 - $44.85

Q1 2017

Shares 66,506 Value ($000) $2,793 Avg Close $43.44 Range $39.09 - $48.33

Q4 2016

Shares 66,606 Value ($000) $2,867 Avg Close $36.84 Range $30.07 - $44.15

Q3 2016

Shares 71,538 Value ($000) $2,219 Avg Close $28.41 Range $23.02 - $31.35

Q2 2016

Shares 71,038 Value ($000) $1,785 Avg Close $26.53 Range $23.14 - $29.46

Q1 2016

Shares 70,438 Value ($000) $1,705 Avg Close $23.00 Range $19.65 - $26.91

Q4 2015

Shares 69,838 Value ($000) $1,907 Avg Close $28.71 Range $26.22 - $31.18

Q3 2015

Shares 73,738 Value ($000) $2,031 Avg Close $29.65 Range $26.42 - $32.42

Q2 2015

Shares 78,838 Value ($000) $2,502 Avg Close $29.43 Range $26.20 - $33.03

Q1 2015

Shares 78,238 Value ($000) $2,112 Avg Close $26.18 Range $23.72 - $28.72

Q4 2014

Shares 83,638 Value ($000) $2,385 Avg Close $28.21 Range $25.02 - $29.93

Q3 2014

Shares 83,138 Value ($000) $2,416 Avg Close $29.03 Range $27.44 - $30.89

Q2 2014

Shares 75,738 Value ($000) $2,232 Avg Close $29.40 Range $27.65 - $31.87

Q1 2014

Shares 75,438 Value ($000) $2,337 Avg Close $30.38 Range $27.82 - $33.33

Q4 2013

Shares 75,038 Value ($000) $2,248 Avg Close $28.78 Range $26.89 - $30.13

Q3 2013

Shares 75,038 Value ($000) $2,058 Avg Close $29.19 Range $26.79 - $31.40

Q2 2013

Shares 74,838 Value ($000) $2,161 Avg Close $26.15 Range $23.10 - $29.41

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	34,900	$2,043	$54.46	$46.19 - $60.77
Q3 2025	35,200	$1,992	$55.64	$50.66 - $59.40
Q2 2025	35,500	$1,844	$46.91	$39.32 - $52.32
Q1 2025	35,400	$1,765	$53.85	$46.19 - $59.45
Q4 2024	35,000	$1,899	$54.79	$44.96 - $63.22
Q3 2024	35,100	$1,657	$47.34	$42.33 - $53.32
Q2 2024	35,600	$1,544	$42.20	$39.05 - $45.54
Q1 2024	36,400	$1,580	$41.24	$37.76 - $45.33
Q4 2023	40,517	$1,777	$36.12	$28.90 - $46.15
Q3 2023	40,617	$1,417	$34.87	$26.69 - $39.64
Q2 2023	40,717	$1,094	$27.74	$18.26 - $33.13
Q1 2023	41,117	$1,231	$45.76	$22.55 - $55.20
Q4 2022	40,617	$1,997	$50.03	$45.21 - $56.10
Q3 2022	40,717	$2,071	$54.69	$47.92 - $59.75
Q2 2022	40,817	$2,078	$56.83	$49.94 - $67.25
Q1 2022	38,217	$2,506	$68.41	$59.49 - $75.44
Q4 2021	39,416	$2,490	$63.85	$58.18 - $68.25
Q3 2021	40,716	$2,520	$54.94	$47.06 - $64.00
Q2 2021	41,216	$2,179	$56.00	$49.79 - $60.65
Q1 2021	41,216	$2,265	$51.49	$42.12 - $60.22
Q4 2020	41,216	$1,790	$36.98	$28.57 - $44.30
Q3 2020	41,816	$1,222	$32.23	$27.55 - $36.51
Q2 2020	41,816	$1,422	$31.66	$24.41 - $40.97
Q1 2020	39,106	$1,046	$41.19	$23.58 - $52.48
Q4 2019	41,206	$2,139	$48.54	$41.61 - $52.08
Q3 2019	42,506	$1,892	$43.22	$39.11 - $46.81
Q2 2019	43,706	$2,010	$46.26	$42.80 - $50.20
Q1 2019	53,606	$2,434	$47.71	$40.03 - $51.81
Q4 2018	55,006	$2,241	$46.61	$38.08 - $52.26
Q3 2018	57,906	$2,904	$52.80	$49.79 - $54.99
Q2 2018	58,406	$3,077	$55.19	$50.84 - $59.19
Q1 2018	57,806	$3,048	$53.82	$49.76 - $57.29
Q4 2017	58,506	$2,974	$47.89	$43.50 - $52.20
Q3 2017	61,306	$2,892	$44.50	$41.23 - $47.70
Q2 2017	66,606	$2,925	$41.18	$38.43 - $44.85
Q1 2017	66,506	$2,793	$43.44	$39.09 - $48.33
Q4 2016	66,606	$2,867	$36.84	$30.07 - $44.15
Q3 2016	71,538	$2,219	$28.41	$23.02 - $31.35
Q2 2016	71,038	$1,785	$26.53	$23.14 - $29.46
Q1 2016	70,438	$1,705	$23.00	$19.65 - $26.91
Q4 2015	69,838	$1,907	$28.71	$26.22 - $31.18
Q3 2015	73,738	$2,031	$29.65	$26.42 - $32.42
Q2 2015	78,838	$2,502	$29.43	$26.20 - $33.03
Q1 2015	78,238	$2,112	$26.18	$23.72 - $28.72
Q4 2014	83,638	$2,385	$28.21	$25.02 - $29.93
Q3 2014	83,138	$2,416	$29.03	$27.44 - $30.89
Q2 2014	75,738	$2,232	$29.40	$27.65 - $31.87
Q1 2014	75,438	$2,337	$30.38	$27.82 - $33.33
Q4 2013	75,038	$2,248	$28.78	$26.89 - $30.13
Q3 2013	75,038	$2,058	$29.19	$26.79 - $31.40
Q2 2013	74,838	$2,161	$26.15	$23.10 - $29.41