13F

Position

Pingora 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 −$86.5K$257.23$203.18

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20251.6K$411.6K0.3%
Q1 20261.6K$325.1K$203.18−$86.5K$00.2%