13F

Position

SFMG, 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 −$163.1K$257.27$203.18

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20253.05K$784.7K0.1%
Q1 20263.02K$612.6K$203.18−$163.1K−$9K0.0%