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STATE OF MICHIGAN RETIREMENT SYSTEM
> SIVB
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2022 | SVB FINANCIAL GROUP | SIVB | 17,120 | 1,200 | 3,939,997,000 | 3,933,709,000 | $230,140.01 |
| 06/30/2022 | SVB FINANCIAL GROUP | SIVB | 15,920 | -1,876 | 6,288,000 | -3,668,000 | $394.97 |
| 03/31/2022 | SVB FINANCIAL GROUP | SIVB | 17,796 | 48 | 9,956,000 | -2,081,000 | $559.45 |
| 12/31/2021 | SVB FINANCIAL GROUP | SIVB | 17,748 | 1,676 | 12,037,000 | 1,640,000 | $678.22 |
| 09/30/2021 | SVB FINANCIAL GROUP | SIVB | 16,072 | 1,100 | 10,397,000 | 2,066,000 | $646.90 |
| 06/30/2021 | SVB FINANCIAL GROUP | SIVB | 14,972 | 200 | 8,331,000 | 1,039,000 | $556.44 |
| 03/31/2021 | SVB FINANCIAL GROUP | SIVB | 14,772 | 500 | 7,292,000 | 1,757,000 | $493.64 |
| 12/31/2020 | SVB FINANCIAL GROUP | SIVB | 14,272 | -100 | 5,535,000 | 2,077,000 | $387.82 |
| 09/30/2020 | SVB FINANCIAL GROUP | SIVB | 14,372 | 1,200 | 3,458,000 | 619,000 | $240.61 |
| 06/30/2020 | SVB FINANCIAL GROUP | SIVB | 13,172 | 1,372 | 2,839,000 | 1,056,000 | $215.53 |
| 03/31/2020 | SVB FINANCIAL GROUP | SIVB | 11,800 | -700 | 1,783,000 | -1,355,000 | $151.10 |
| 12/31/2019 | SVB FINANCIAL GROUP | SIVB | 12,500 | 100 | 3,138,000 | 547,000 | $251.04 |
| 09/30/2019 | SVB FINANCIAL GROUP | SIVB | 12,400 | -100 | 2,591,000 | -216,000 | $208.95 |
| 06/30/2019 | SVB FINANCIAL GROUP | SIVB | 12,500 | -2,700 | 2,807,000 | -573,000 | $224.56 |
| 03/31/2019 | SVB FINANCIAL GROUP | SIVB | 15,200 | 0 | 3,380,000 | 493,000 | $222.37 |
| 12/31/2018 | SVB FINANCIAL GROUP | SIVB | 15,200 | -700 | 2,887,000 | -2,055,000 | $189.93 |
| 09/30/2018 | SVB FINANCIAL GROUP | SIVB | 15,900 | 200 | 4,942,000 | 408,000 | $310.82 |
| 06/30/2018 | SVB FINANCIAL GROUP | SIVB | 15,700 | 100 | 4,534,000 | 790,000 | $288.79 |
| 03/31/2018 | SVB FINANCIAL GROUP | SIVB | 15,600 | -3,400 | 3,744,000 | -698,000 | $240.00 |
| 12/31/2017 | SVB FINANCIAL GROUP | SIVB | 19,000 | -800 | 4,442,000 | 738,000 | $233.79 |
| 09/30/2017 | SVB FINANCIAL GROUP | SIVB | 19,800 | -1,800 | 3,704,000 | -93,000 | $187.07 |
| 06/30/2017 | SVB FINANCIAL GROUP | SIVB | 21,600 | 300 | 3,797,000 | -167,000 | $175.79 |
| 03/31/2017 | SVB FINANCIAL GROUP | SIVB | 21,300 | 300 | 3,964,000 | 359,000 | $186.10 |
| 12/31/2016 | SVB FINANCIAL GROUP | SIVB | 21,000 | 100 | 3,605,000 | 1,295,000 | $171.67 |
| 09/30/2016 | SVB FINANCIAL GROUP | SIVB | 20,900 | 100 | 2,310,000 | 331,000 | $110.53 |
| 06/30/2016 | SVB FINANCIAL GROUP | SIVB | 20,800 | -400 | 1,979,000 | 148,000 | $95.14 |
| 03/31/2016 | SVB FINANCIAL GROUP | SIVB | 20,600 | -600 | 2,102,000 | 271,000 | $102.04 |
| 12/31/2015 | SVB FINANCIAL GROUP | SIVB | 20,400 | -800 | 2,426,000 | 595,000 | $118.92 |
| 09/30/2015 | SVB FINANCIAL GROUP | SIVB | 23,400 | 2,200 | 2,704,000 | 873,000 | $115.56 |
| 06/30/2015 | SVB FINANCIAL GROUP | SIVB | 23,300 | 200 | 3,355,000 | 420,000 | $143.99 |
| 03/31/2015 | SVB FINANCIAL GROUP | SIVB | 23,100 | 1,900 | 2,935,000 | 1,104,000 | $127.06 |
| 12/31/2014 | SVB FINANCIAL GROUP | SIVB | 24,200 | 3,000 | 2,809,000 | 978,000 | $116.07 |
| 09/30/2014 | SVB FINANCIAL GROUP | SIVB | 24,100 | 2,900 | 2,701,000 | 870,000 | $112.07 |
| 06/30/2014 | SVB FINANCIAL GROUP | SIVB | 23,500 | 2,300 | 2,741,000 | 910,000 | $116.64 |
| 03/31/2014 | SVB FINANCIAL GROUP | SIVB | 21,600 | 400 | 2,782,000 | 951,000 | $128.80 |
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