13F

Position

MQS Management 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 −$211.7K$257.23$203.18

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20253.92K$1.01M0.6%
Q1 20265.91K$1.2M$203.18−$211.7K$404.7K0.8%