13F

Position

TOBAM 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 −$174$0.26$0.20

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20253.22K$8270.2%
Q1 20264.88K$992$0.20−$174$3390.3%