AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

BAILARD, INC.'s Holding History (CIK: 0000750641)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 19,912 Value ($000) $5,122 Avg Close $264.83 Range $245.59 - $291.75

Q3 2025

Shares 18,889 Value ($000) $5,544 Avg Close $297.80 Range $280.46 - $312.33

Q2 2025

Shares 17,647 Value ($000) $5,442 Avg Close $302.36 Range $268.13 - $324.50

Q1 2025

Shares 11,480 Value ($000) $3,507 Avg Close $295.41 Range $279.29 - $315.84

Q4 2024

Shares 10,998 Value ($000) $3,219 Avg Close $287.90 Range $266.14 - $301.35

Q3 2024

Shares 10,256 Value ($000) $2,838 Avg Close $253.49 Range $223.96 - $274.02

Q2 2024

Shares 10,024 Value ($000) $2,393 Avg Close $236.61 Range $228.77 - $245.17

Q1 2024

Shares 7,502 Value ($000) $1,874 Avg Close $234.26 Range $221.78 - $245.61

Q4 2023

Shares 8,620 Value ($000) $2,008 Avg Close $222.04 Range $195.57 - $239.12

Q3 2023

Shares 6,962 Value ($000) $1,675 Avg Close $231.16 Range $204.74 - $243.17

Q2 2023

Shares 7,353 Value ($000) $1,616 Avg Close $203.27 Range $189.64 - $210.89

Q1 2023

Shares 7,293 Value ($000) $1,624 Avg Close $211.47 Range $197.72 - $230.89

Q4 2022

Shares 7,287 Value ($000) $1,741 Avg Close $228.99 Range $203.81 - $257.33

Q3 2022

Shares 7,353 Value ($000) $1,663 Avg Close $219.07 Range $190.70 - $242.63

Q2 2022

Shares 7,318 Value ($000) $1,537 Avg Close $202.51 Range $182.36 - $222.13

Q1 2022

Shares 7,195 Value ($000) $1,637 Avg Close $196.92 Range $176.60 - $227.31

Q4 2021

Shares 5,433 Value ($000) $1,340 Avg Close $207.28 Range $180.16 - $228.68

Q3 2021

Shares 5,433 Value ($000) $1,086 Avg Close $187.71 Range $179.33 - $197.68

Q2 2021

Shares 5,443 Value ($000) $1,081 Avg Close $176.27 Range $167.48 - $182.39

Q1 2021

Shares 5,468 Value ($000) $1,031 Avg Close $156.66 Range $143.60 - $175.27

Q4 2020

Shares 5,323 Value ($000) $938 Avg Close $147.45 Range $121.14 - $161.77

Q3 2020

Shares 5,207 Value ($000) $726 Avg Close $125.00 Range $114.15 - $135.97

Q2 2020

Shares 5,618 Value ($000) $836 Avg Close $126.99 Range $112.18 - $142.82

Q1 2020

Shares 5,508 Value ($000) $753 Avg Close $141.95 Range $91.30 - $160.44

Q4 2019

Shares 5,533 Value ($000) $943 Avg Close $145.09 Range $134.54 - $151.18

Q3 2019

Shares 5,533 Value ($000) $893 Avg Close $143.97 Range $136.57 - $151.98

Q2 2019

Shares 5,683 Value ($000) $940 Avg Close $140.97 Range $134.10 - $148.45

Q1 2019

Shares 5,693 Value ($000) $909 Avg Close $125.45 Range $108.70 - $138.61

Q4 2018

Shares 5,693 Value ($000) $746 Avg Close $121.16 Range $104.68 - $131.62

Q3 2018

Shares 6,234 Value ($000) $939 Avg Close $120.81 Range $110.27 - $129.74

Q2 2018

Shares 6,150 Value ($000) $825 Avg Close $107.77 Range $94.91 - $120.77

Q1 2018

Shares 6,150 Value ($000) $698 Avg Close $98.61 Range $90.87 - $105.75

Q4 2017

Shares 5,150 Value ($000) $604 Avg Close $96.16 Range $91.15 - $100.81

Q3 2017

Shares 5,539 Value ($000) $606 Avg Close $89.59 Range $83.96 - $101.73

Q2 2017

Shares 5,539 Value ($000) $568 Avg Close $84.22 Range $79.33 - $87.79

Q1 2017

Shares 5,964 Value ($000) $611 Avg Close $84.40 Range $77.75 - $87.39

Q4 2016

Shares 5,734 Value ($000) $589 Avg Close $76.76 Range $70.20 - $85.82

Q3 2016

Shares 5,689 Value ($000) $502 Avg Close $74.09 Range $70.80 - $78.37

Q2 2016

Shares 5,789 Value ($000) $532 Avg Close $71.77 Range $68.45 - $75.00

Q1 2016

Shares 3,539 Value ($000) $317 Avg Close $67.69 Range $61.81 - $73.03

Q4 2015

Shares 13,600 Value ($000) $1,152 Avg Close $69.13 Range $63.10 - $72.67

Q3 2015

Shares 5,174 Value ($000) $416 Avg Close $63.87 Range $51.20 - $67.86

Q2 2015

Shares 5,174 Value ($000) $415 Avg Close $67.60 Range $63.55 - $69.99

Q1 2015

Shares 7,409 Value ($000) $635 Avg Close $67.89 Range $64.32 - $71.03

Q4 2014

Shares 7,389 Value ($000) $616 Avg Close $63.52 Range $55.18 - $68.07

Q3 2014

Shares 7,636 Value ($000) $634 Avg Close $56.27 Range $54.11 - $58.19

Q2 2014

Shares 7,584 Value ($000) $601 Avg Close $52.86 Range $49.83 - $54.58

Q1 2014

Shares 10,594 Value ($000) $818 Avg Close $52.44 Range $48.53 - $56.01

Q4 2013

Shares 12,179 Value ($000) $984 Avg Close $51.46 Range $46.89 - $56.22

Q3 2013

Shares 13,497 Value ($000) $977 Avg Close $48.32 Range $45.84 - $50.27

Q2 2013

Shares 29,069 Value ($000) $2,002 Avg Close $45.09 Range $41.94 - $47.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	19,912	$5,122	$264.83	$245.59 - $291.75
Q3 2025	18,889	$5,544	$297.80	$280.46 - $312.33
Q2 2025	17,647	$5,442	$302.36	$268.13 - $324.50
Q1 2025	11,480	$3,507	$295.41	$279.29 - $315.84
Q4 2024	10,998	$3,219	$287.90	$266.14 - $301.35
Q3 2024	10,256	$2,838	$253.49	$223.96 - $274.02
Q2 2024	10,024	$2,393	$236.61	$228.77 - $245.17
Q1 2024	7,502	$1,874	$234.26	$221.78 - $245.61
Q4 2023	8,620	$2,008	$222.04	$195.57 - $239.12
Q3 2023	6,962	$1,675	$231.16	$204.74 - $243.17
Q2 2023	7,353	$1,616	$203.27	$189.64 - $210.89
Q1 2023	7,293	$1,624	$211.47	$197.72 - $230.89
Q4 2022	7,287	$1,741	$228.99	$203.81 - $257.33
Q3 2022	7,353	$1,663	$219.07	$190.70 - $242.63
Q2 2022	7,318	$1,537	$202.51	$182.36 - $222.13
Q1 2022	7,195	$1,637	$196.92	$176.60 - $227.31
Q4 2021	5,433	$1,340	$207.28	$180.16 - $228.68
Q3 2021	5,433	$1,086	$187.71	$179.33 - $197.68
Q2 2021	5,443	$1,081	$176.27	$167.48 - $182.39
Q1 2021	5,468	$1,031	$156.66	$143.60 - $175.27
Q4 2020	5,323	$938	$147.45	$121.14 - $161.77
Q3 2020	5,207	$726	$125.00	$114.15 - $135.97
Q2 2020	5,618	$836	$126.99	$112.18 - $142.82
Q1 2020	5,508	$753	$141.95	$91.30 - $160.44
Q4 2019	5,533	$943	$145.09	$134.54 - $151.18
Q3 2019	5,533	$893	$143.97	$136.57 - $151.98
Q2 2019	5,683	$940	$140.97	$134.10 - $148.45
Q1 2019	5,693	$909	$125.45	$108.70 - $138.61
Q4 2018	5,693	$746	$121.16	$104.68 - $131.62
Q3 2018	6,234	$939	$120.81	$110.27 - $129.74
Q2 2018	6,150	$825	$107.77	$94.91 - $120.77
Q1 2018	6,150	$698	$98.61	$90.87 - $105.75
Q4 2017	5,150	$604	$96.16	$91.15 - $100.81
Q3 2017	5,539	$606	$89.59	$83.96 - $101.73
Q2 2017	5,539	$568	$84.22	$79.33 - $87.79
Q1 2017	5,964	$611	$84.40	$77.75 - $87.39
Q4 2016	5,734	$589	$76.76	$70.20 - $85.82
Q3 2016	5,689	$502	$74.09	$70.80 - $78.37
Q2 2016	5,789	$532	$71.77	$68.45 - $75.00
Q1 2016	3,539	$317	$67.69	$61.81 - $73.03
Q4 2015	13,600	$1,152	$69.13	$63.10 - $72.67
Q3 2015	5,174	$416	$63.87	$51.20 - $67.86
Q2 2015	5,174	$415	$67.60	$63.55 - $69.99
Q1 2015	7,409	$635	$67.89	$64.32 - $71.03
Q4 2014	7,389	$616	$63.52	$55.18 - $68.07
Q3 2014	7,636	$634	$56.27	$54.11 - $58.19
Q2 2014	7,584	$601	$52.86	$49.83 - $54.58
Q1 2014	10,594	$818	$52.44	$48.53 - $56.01
Q4 2013	12,179	$984	$51.46	$46.89 - $56.22
Q3 2013	13,497	$977	$48.32	$45.84 - $50.27
Q2 2013	29,069	$2,002	$45.09	$41.94 - $47.70