13F

Position

COMMERCE BANK 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 −$5.94M$257.23$203.18

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 2025110.5K$28.4M0.2%
Q1 2026109.9K$22.3M$203.18−$5.94M−$168K0.1%