13F

Position

Canopy Partners, 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 −$425K$257.23$203.18

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20258.34K$2.15M0.7%
Q1 20267.86K$1.6M$203.18−$425K−$122.4K0.5%