13F

Position

BDFS Capital LLC in Automatic Data Processing In

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Estimated mark uses implied 13F prices (value ÷ shares). Adds are treated as happening at this quarter’s mark; cuts at last quarter’s. Share jumps can be splits, not buys. This is not realized P&L.

Latest estimated mark −$125.1K$258.84$204.84

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20252.33K$602.3K0.3%
Q1 20262.32K$474.4K$204.84−$125.1K−$2.85K0.2%