13F

Position

Winch Advisory Services, 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 −$625$254.00$201.92

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 202512$3.05K0.0%
Q1 202612$2.42K$201.92−$625$00.0%