GARMIN LTD

Ticker: GRMN CUSIP: H2906T109 Class: SHS

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

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

Q4 2019

Shares 2,050 Value ($000) $200 Avg Close $81.16 Range $71.52 - $86.80

Q3 2019

Shares 1,680 Value ($000) $142 Avg Close $69.77 Range $64.15 - $75.02

Q2 2019

Shares 1,680 Value ($000) $134 Avg Close $70.24 Range $65.19 - $76.93

Q1 2019

Shares 23,360 Value ($000) $2,017 Avg Close $64.24 Range $52.13 - $74.34

Q4 2018

Shares 24,970 Value ($000) $1,582 Avg Close $54.80 Range $51.11 - $59.82

Q2 2018

Shares 17,220 Value ($000) $1,050 Avg Close $50.00 Range $47.40 - $52.20

Q1 2018

Shares 20,200 Value ($000) $1,190 Avg Close $50.58 Range $47.69 - $54.39

Q4 2017

Shares 20,200 Value ($000) $1,203 Avg Close $48.04 Range $43.82 - $51.64

Q3 2017

Shares 13,630 Value ($000) $736 Avg Close $42.01 Range $40.32 - $44.28

Q2 2017

Shares 14,430 Value ($000) $736 Avg Close $41.17 Range $38.88 - $43.31

Q1 2017

Shares 11,170 Value ($000) $571 Avg Close $40.07 Range $37.34 - $44.25

Q4 2016

Shares 11,170 Value ($000) $542 Avg Close $39.20 Range $36.77 - $42.09

Q3 2016

Shares 11,220 Value ($000) $540 Avg Close $38.46 Range $32.15 - $43.68

Q2 2016

Shares 11,140 Value ($000) $474 Avg Close $32.00 Range $29.91 - $34.12

Q1 2016

Shares 8,250 Value ($000) $331 Avg Close $28.23 Range $23.45 - $32.04

Q4 2015

Shares 8,230 Value ($000) $309 Avg Close $27.28 Range $23.42 - $28.77

Q3 2015

Shares 8,150 Value ($000) $293 Avg Close $29.43 Range $26.06 - $34.44

Q2 2015

Shares 5,910 Value ($000) $260 Avg Close $33.67 Range $32.19 - $34.97

Q1 2015

Shares 3,600 Value ($000) $172 Avg Close $36.93 Range $34.11 - $41.27

Q4 2014

Shares 4,200 Value ($000) $223 Avg Close $38.96 Range $34.83 - $43.08

Q3 2014

Shares 4,200 Value ($000) $219 Avg Close $39.40 Range $35.67 - $44.01

Q2 2014

Shares 4,200 Value ($000) $258 Avg Close $40.52 Range $37.89 - $43.50

Q1 2014

Shares 4,200 Value ($000) $232 Avg Close $34.59 Range $30.03 - $40.96

Q4 2013

Shares 3,600 Value ($000) $166 Avg Close $32.85 Range $30.47 - $34.83

Q3 2013

Shares 3,600 Value ($000) $163 Avg Close $27.24 Range $23.75 - $32.03

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2019	2,050	$200	$81.16	$71.52 - $86.80
Q3 2019	1,680	$142	$69.77	$64.15 - $75.02
Q2 2019	1,680	$134	$70.24	$65.19 - $76.93
Q1 2019	23,360	$2,017	$64.24	$52.13 - $74.34
Q4 2018	24,970	$1,582	$54.80	$51.11 - $59.82
Q2 2018	17,220	$1,050	$50.00	$47.40 - $52.20
Q1 2018	20,200	$1,190	$50.58	$47.69 - $54.39
Q4 2017	20,200	$1,203	$48.04	$43.82 - $51.64
Q3 2017	13,630	$736	$42.01	$40.32 - $44.28
Q2 2017	14,430	$736	$41.17	$38.88 - $43.31
Q1 2017	11,170	$571	$40.07	$37.34 - $44.25
Q4 2016	11,170	$542	$39.20	$36.77 - $42.09
Q3 2016	11,220	$540	$38.46	$32.15 - $43.68
Q2 2016	11,140	$474	$32.00	$29.91 - $34.12
Q1 2016	8,250	$331	$28.23	$23.45 - $32.04
Q4 2015	8,230	$309	$27.28	$23.42 - $28.77
Q3 2015	8,150	$293	$29.43	$26.06 - $34.44
Q2 2015	5,910	$260	$33.67	$32.19 - $34.97
Q1 2015	3,600	$172	$36.93	$34.11 - $41.27
Q4 2014	4,200	$223	$38.96	$34.83 - $43.08
Q3 2014	4,200	$219	$39.40	$35.67 - $44.01
Q2 2014	4,200	$258	$40.52	$37.89 - $43.50
Q1 2014	4,200	$232	$34.59	$30.03 - $40.96
Q4 2013	3,600	$166	$32.85	$30.47 - $34.83
Q3 2013	3,600	$163	$27.24	$23.75 - $32.03