13F

Position

FIRST TRUST ADVISORS LP 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 −$121.5M$257.23$203.18

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20252.25M$578.4M0.4%
Q1 20262.5M$507.5M$203.18−$121.5M$50.7M0.4%