13F

Position

Waterloo Capital, L.P. 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 −$134.1K$257.26$203.21

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20252.48K$638.3K0.0%
Q1 20262.75K$559.8K$203.21−$134.1K$55.7K0.0%