ROYAL CARIBBEAN GROUP

Ticker: RCL CUSIP: V7780T103 Class: COM

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

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

Q3 2025

Shares 68,301 Value ($000) $22,101 Avg Close $332.02 Range $295.92 - $364.14

Q2 2025

Shares 67,901 Value ($000) $21,263 Avg Close $236.14 Range $162.49 - $312.14

Q1 2025

Shares 67,201 Value ($000) $13,806 Avg Close $233.26 Range $192.51 - $273.56

Q4 2024

Shares 67,101 Value ($000) $15,480 Avg Close $218.15 Range $167.69 - $254.83

Q3 2024

Shares 64,501 Value ($000) $11,440 Avg Close $159.29 Range $127.83 - $181.65

Q2 2024

Shares 64,801 Value ($000) $10,331 Avg Close $141.32 Range $122.90 - $159.69

Q1 2024

Shares 64,601 Value ($000) $8,980 Avg Close $122.72 Range $111.15 - $139.17

Q4 2023

Shares 64,501 Value ($000) $8,352 Avg Close $100.17 Range $77.00 - $128.71

Q3 2023

Shares 64,601 Value ($000) $5,952 Avg Close $98.44 Range $88.01 - $111.00

Q2 2023

Shares 60,501 Value ($000) $6,276 Avg Close $77.05 Range $58.34 - $103.39

Q1 2023

Shares 60,301 Value ($000) $3,938 Avg Close $64.83 Range $47.84 - $74.98

Q4 2022

Shares 59,601 Value ($000) $2,946 Avg Close $51.52 Range $36.28 - $60.71

Q3 2022

Shares 59,401 Value ($000) $2,251 Avg Close $39.81 Range $30.55 - $51.51

Q2 2022

Shares 60,501 Value ($000) $2,112 Avg Close $61.13 Range $32.43 - $86.17

Q1 2022

Shares 56,601 Value ($000) $4,742 Avg Close $77.38 Range $60.39 - $88.99

Q4 2021

Shares 56,480 Value ($000) $4,343 Avg Close $79.83 Range $63.09 - $96.57

Q3 2021

Shares 56,280 Value ($000) $5,006 Avg Close $79.49 Range $65.74 - $93.59

Q2 2021

Shares 55,080 Value ($000) $4,697 Avg Close $85.65 Range $74.82 - $96.03

Q1 2021

Shares 54,980 Value ($000) $4,707 Avg Close $77.92 Range $63.15 - $97.53

Q4 2020

Shares 46,780 Value ($000) $3,494 Avg Close $68.51 Range $50.44 - $83.63

Q3 2020

Shares 52,380 Value ($000) $3,391 Avg Close $57.86 Range $44.92 - $73.15

Q2 2020

Shares 43,880 Value ($000) $2,207 Avg Close $44.47 Range $21.87 - $74.25

Q1 2020

Shares 39,372 Value ($000) $1,267 Avg Close $89.00 Range $18.92 - $131.68

Q4 2019

Shares 41,572 Value ($000) $5,550 Avg Close $112.81 Range $96.71 - $130.98

Q3 2019

Shares 41,272 Value ($000) $4,471 Avg Close $105.84 Range $96.66 - $118.04

Q2 2019

Shares 41,172 Value ($000) $4,990 Avg Close $116.54 Range $109.83 - $125.13

Q1 2019

Shares 49,472 Value ($000) $5,670 Avg Close $108.13 Range $87.22 - $117.95

Q4 2018

Shares 228,672 Value ($000) $22,362 Avg Close $103.40 Range $84.95 - $123.99

Q3 2018

Shares 437,072 Value ($000) $56,793 Avg Close $110.01 Range $96.28 - $125.99

Q2 2018

Shares 436,172 Value ($000) $45,187 Avg Close $102.70 Range $94.93 - $112.60

Q1 2018

Shares 380,372 Value ($000) $44,785 Avg Close $117.41 Range $108.13 - $125.89

Q4 2017

Shares 180,172 Value ($000) $21,491 Avg Close $114.36 Range $108.57 - $123.53

Q3 2017

Shares 52,172 Value ($000) $6,184 Avg Close $107.51 Range $99.04 - $114.85

Q2 2017

Shares 55,172 Value ($000) $6,026 Avg Close $97.28 Range $85.87 - $106.24

Q1 2017

Shares 55,072 Value ($000) $5,403 Avg Close $85.28 Range $75.30 - $92.50

Q4 2016

Shares 54,772 Value ($000) $4,493 Avg Close $71.30 Range $61.12 - $78.60

Q3 2016

Shares 58,600 Value ($000) $4,392 Avg Close $63.35 Range $58.53 - $68.54

Q2 2016

Shares 58,300 Value ($000) $3,915 Avg Close $68.63 Range $58.39 - $75.65

Q1 2016

Shares 58,400 Value ($000) $4,798 Avg Close $69.59 Range $57.15 - $88.84

Q4 2015

Shares 58,700 Value ($000) $5,941 Avg Close $84.50 Range $77.21 - $92.04

Q3 2015

Shares 61,800 Value ($000) $5,506 Avg Close $77.56 Range $68.66 - $86.54

Q2 2015

Shares 64,000 Value ($000) $5,036 Avg Close $67.17 Range $57.98 - $73.29

Q1 2015

Shares 63,500 Value ($000) $5,197 Avg Close $69.46 Range $63.78 - $74.97

Q4 2014

Shares 68,800 Value ($000) $5,671 Avg Close $61.30 Range $45.67 - $73.51

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2025	68,301	$22,101	$332.02	$295.92 - $364.14
Q2 2025	67,901	$21,263	$236.14	$162.49 - $312.14
Q1 2025	67,201	$13,806	$233.26	$192.51 - $273.56
Q4 2024	67,101	$15,480	$218.15	$167.69 - $254.83
Q3 2024	64,501	$11,440	$159.29	$127.83 - $181.65
Q2 2024	64,801	$10,331	$141.32	$122.90 - $159.69
Q1 2024	64,601	$8,980	$122.72	$111.15 - $139.17
Q4 2023	64,501	$8,352	$100.17	$77.00 - $128.71
Q3 2023	64,601	$5,952	$98.44	$88.01 - $111.00
Q2 2023	60,501	$6,276	$77.05	$58.34 - $103.39
Q1 2023	60,301	$3,938	$64.83	$47.84 - $74.98
Q4 2022	59,601	$2,946	$51.52	$36.28 - $60.71
Q3 2022	59,401	$2,251	$39.81	$30.55 - $51.51
Q2 2022	60,501	$2,112	$61.13	$32.43 - $86.17
Q1 2022	56,601	$4,742	$77.38	$60.39 - $88.99
Q4 2021	56,480	$4,343	$79.83	$63.09 - $96.57
Q3 2021	56,280	$5,006	$79.49	$65.74 - $93.59
Q2 2021	55,080	$4,697	$85.65	$74.82 - $96.03
Q1 2021	54,980	$4,707	$77.92	$63.15 - $97.53
Q4 2020	46,780	$3,494	$68.51	$50.44 - $83.63
Q3 2020	52,380	$3,391	$57.86	$44.92 - $73.15
Q2 2020	43,880	$2,207	$44.47	$21.87 - $74.25
Q1 2020	39,372	$1,267	$89.00	$18.92 - $131.68
Q4 2019	41,572	$5,550	$112.81	$96.71 - $130.98
Q3 2019	41,272	$4,471	$105.84	$96.66 - $118.04
Q2 2019	41,172	$4,990	$116.54	$109.83 - $125.13
Q1 2019	49,472	$5,670	$108.13	$87.22 - $117.95
Q4 2018	228,672	$22,362	$103.40	$84.95 - $123.99
Q3 2018	437,072	$56,793	$110.01	$96.28 - $125.99
Q2 2018	436,172	$45,187	$102.70	$94.93 - $112.60
Q1 2018	380,372	$44,785	$117.41	$108.13 - $125.89
Q4 2017	180,172	$21,491	$114.36	$108.57 - $123.53
Q3 2017	52,172	$6,184	$107.51	$99.04 - $114.85
Q2 2017	55,172	$6,026	$97.28	$85.87 - $106.24
Q1 2017	55,072	$5,403	$85.28	$75.30 - $92.50
Q4 2016	54,772	$4,493	$71.30	$61.12 - $78.60
Q3 2016	58,600	$4,392	$63.35	$58.53 - $68.54
Q2 2016	58,300	$3,915	$68.63	$58.39 - $75.65
Q1 2016	58,400	$4,798	$69.59	$57.15 - $88.84
Q4 2015	58,700	$5,941	$84.50	$77.21 - $92.04
Q3 2015	61,800	$5,506	$77.56	$68.66 - $86.54
Q2 2015	64,000	$5,036	$67.17	$57.98 - $73.29
Q1 2015	63,500	$5,197	$69.46	$63.78 - $74.97
Q4 2014	68,800	$5,671	$61.30	$45.67 - $73.51