WILLIS TOWERS WATSON PLC LTD

Ticker: WTW CUSIP: G96629103 Class: COM

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

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

Q4 2025

Shares 25,992 Value ($000) $8,541 Avg Close $326.48 Range $307.37 - $351.82

Q3 2025

Shares 26,392 Value ($000) $9,117 Avg Close $322.11 Range $296.81 - $345.31

Q2 2025

Shares 26,992 Value ($000) $8,273 Avg Close $307.51 Range $290.50 - $338.08

Q1 2025

Shares 27,092 Value ($000) $9,156 Avg Close $322.30 Range $299.77 - $340.30

Q4 2024

Shares 27,292 Value ($000) $8,549 Avg Close $302.48 Range $282.36 - $330.32

Q3 2024

Shares 27,692 Value ($000) $8,156 Avg Close $275.04 Range $250.88 - $291.44

Q2 2024

Shares 27,992 Value ($000) $7,338 Avg Close $252.98 Range $240.10 - $269.10

Q1 2024

Shares 28,092 Value ($000) $7,725 Avg Close $256.94 Range $231.96 - $272.36

Q4 2023

Shares 28,292 Value ($000) $6,824 Avg Close $225.07 Range $197.92 - $242.86

Q3 2023

Shares 28,692 Value ($000) $5,995 Avg Close $206.89 Range $189.31 - $229.01

Q2 2023

Shares 29,292 Value ($000) $6,898 Avg Close $222.61 Range $209.39 - $233.43

Q1 2023

Shares 29,292 Value ($000) $6,807 Avg Close $232.68 Range $209.38 - $249.19

Q4 2022

Shares 29,392 Value ($000) $7,189 Avg Close $219.17 Range $189.23 - $242.65

Q3 2022

Shares 29,792 Value ($000) $5,986 Avg Close $197.15 Range $180.54 - $211.53

Q2 2022

Shares 30,092 Value ($000) $5,940 Avg Close $203.98 Range $178.75 - $232.26

Q1 2022

Shares 30,792 Value ($000) $7,274 Avg Close $217.12 Range $201.23 - $232.05

Q4 2021

Shares 31,411 Value ($000) $7,460 Avg Close $223.66 Range $212.71 - $235.96

Q3 2021

Shares 32,411 Value ($000) $7,534 Avg Close $209.64 Range $188.13 - $225.23

Q2 2021

Shares 32,411 Value ($000) $7,455 Avg Close $233.78 Range $211.30 - $255.31

Q1 2021

Shares 32,411 Value ($000) $7,418 Avg Close $204.05 Range $185.03 - $221.73

Q4 2020

Shares 32,411 Value ($000) $6,828 Avg Close $192.13 Range $167.31 - $204.62

Q3 2020

Shares 32,911 Value ($000) $6,872 Avg Close $189.92 Range $179.60 - $203.46

Q2 2020

Shares 32,911 Value ($000) $6,482 Avg Close $177.44 Range $141.91 - $194.55

Q1 2020

Shares 29,478 Value ($000) $5,007 Avg Close $181.50 Range $132.30 - $203.95

Q4 2019

Shares 31,078 Value ($000) $6,276 Avg Close $176.33 Range $163.39 - $189.79

Q3 2019

Shares 30,978 Value ($000) $5,978 Avg Close $179.11 Range $169.38 - $184.25

Q2 2019

Shares 30,978 Value ($000) $5,934 Avg Close $165.49 Range $157.44 - $176.78

Q1 2019

Shares 37,178 Value ($000) $6,530 Avg Close $151.12 Range $133.24 - $171.08

Q4 2018

Shares 37,178 Value ($000) $5,646 Avg Close $135.75 Range $121.97 - $146.88

Q3 2018

Shares 38,978 Value ($000) $5,494 Avg Close $136.53 Range $126.26 - $147.43

Q2 2018

Shares 39,078 Value ($000) $5,924 Avg Close $136.91 Range $128.31 - $142.51

Q1 2018

Shares 38,878 Value ($000) $5,917 Avg Close $140.63 Range $130.60 - $147.79

Q4 2017

Shares 38,678 Value ($000) $5,828 Avg Close $141.02 Range $134.94 - $147.29

Q3 2017

Shares 40,778 Value ($000) $6,289 Avg Close $132.86 Range $127.30 - $139.08

Q2 2017

Shares 1,025,155 Value ($000) $149,119 Avg Close $123.84 Range $111.38 - $133.37

Q1 2017

Shares 1,025,455 Value ($000) $134,222 Avg Close $112.27 Range $106.70 - $116.78

Q4 2016

Shares 1,025,455 Value ($000) $125,393 Avg Close $109.67 Range $99.16 - $116.73

Q3 2016

Shares 1,028,655 Value ($000) $136,575 Avg Close $109.08 Range $103.45 - $117.31

Q2 2016

Shares 1,203,455 Value ($000) $149,601 Avg Close $107.68 Range $98.22 - $113.15

Q1 2016

Shares 849,878 Value ($000) $100,847 Avg Close $100.14 Range $90.46 - $110.73

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	25,992	$8,541	$326.48	$307.37 - $351.82
Q3 2025	26,392	$9,117	$322.11	$296.81 - $345.31
Q2 2025	26,992	$8,273	$307.51	$290.50 - $338.08
Q1 2025	27,092	$9,156	$322.30	$299.77 - $340.30
Q4 2024	27,292	$8,549	$302.48	$282.36 - $330.32
Q3 2024	27,692	$8,156	$275.04	$250.88 - $291.44
Q2 2024	27,992	$7,338	$252.98	$240.10 - $269.10
Q1 2024	28,092	$7,725	$256.94	$231.96 - $272.36
Q4 2023	28,292	$6,824	$225.07	$197.92 - $242.86
Q3 2023	28,692	$5,995	$206.89	$189.31 - $229.01
Q2 2023	29,292	$6,898	$222.61	$209.39 - $233.43
Q1 2023	29,292	$6,807	$232.68	$209.38 - $249.19
Q4 2022	29,392	$7,189	$219.17	$189.23 - $242.65
Q3 2022	29,792	$5,986	$197.15	$180.54 - $211.53
Q2 2022	30,092	$5,940	$203.98	$178.75 - $232.26
Q1 2022	30,792	$7,274	$217.12	$201.23 - $232.05
Q4 2021	31,411	$7,460	$223.66	$212.71 - $235.96
Q3 2021	32,411	$7,534	$209.64	$188.13 - $225.23
Q2 2021	32,411	$7,455	$233.78	$211.30 - $255.31
Q1 2021	32,411	$7,418	$204.05	$185.03 - $221.73
Q4 2020	32,411	$6,828	$192.13	$167.31 - $204.62
Q3 2020	32,911	$6,872	$189.92	$179.60 - $203.46
Q2 2020	32,911	$6,482	$177.44	$141.91 - $194.55
Q1 2020	29,478	$5,007	$181.50	$132.30 - $203.95
Q4 2019	31,078	$6,276	$176.33	$163.39 - $189.79
Q3 2019	30,978	$5,978	$179.11	$169.38 - $184.25
Q2 2019	30,978	$5,934	$165.49	$157.44 - $176.78
Q1 2019	37,178	$6,530	$151.12	$133.24 - $171.08
Q4 2018	37,178	$5,646	$135.75	$121.97 - $146.88
Q3 2018	38,978	$5,494	$136.53	$126.26 - $147.43
Q2 2018	39,078	$5,924	$136.91	$128.31 - $142.51
Q1 2018	38,878	$5,917	$140.63	$130.60 - $147.79
Q4 2017	38,678	$5,828	$141.02	$134.94 - $147.29
Q3 2017	40,778	$6,289	$132.86	$127.30 - $139.08
Q2 2017	1,025,155	$149,119	$123.84	$111.38 - $133.37
Q1 2017	1,025,455	$134,222	$112.27	$106.70 - $116.78
Q4 2016	1,025,455	$125,393	$109.67	$99.16 - $116.73
Q3 2016	1,028,655	$136,575	$109.08	$103.45 - $117.31
Q2 2016	1,203,455	$149,601	$107.68	$98.22 - $113.15
Q1 2016	849,878	$100,847	$100.14	$90.46 - $110.73