13F

Position

SPRING CAPITAL 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 −$1.24M$257.23$203.18

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 202522.9K$5.9M3.0%
Q1 202623K$4.68M$203.18−$1.24M$15.6K2.4%