AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

POLEN CAPITAL MANAGEMENT LLC's Holding History (CIK: 0001034524)

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

Q4 2025

Shares 1,976 Value ($000) $508 Avg Close $264.83 Range $245.59 - $291.75

Q3 2025

Shares 2,461 Value ($000) $722 Avg Close $297.80 Range $280.46 - $312.33

Q2 2025

Shares 94,535 Value ($000) $29,155 Avg Close $302.36 Range $268.13 - $324.50

Q1 2025

Shares 166,526 Value ($000) $50,879 Avg Close $295.41 Range $279.29 - $315.84

Q4 2024

Shares 179,749 Value ($000) $52,618 Avg Close $287.90 Range $266.14 - $301.35

Q3 2024

Shares 198,152 Value ($000) $54,835 Avg Close $253.49 Range $223.96 - $274.02

Q2 2024

Shares 491,947 Value ($000) $117,423 Avg Close $236.61 Range $228.77 - $245.17

Q1 2024

Shares 502,060 Value ($000) $125,510 Avg Close $234.26 Range $221.78 - $245.61

Q4 2023

Shares 503,272 Value ($000) $117,350 Avg Close $222.04 Range $195.57 - $239.12

Q3 2023

Shares 500,514 Value ($000) $120,414 Avg Close $231.16 Range $204.74 - $243.17

Q2 2023

Shares 545,332 Value ($000) $119,859 Avg Close $203.27 Range $189.64 - $210.89

Q1 2023

Shares 537,453 Value ($000) $119,653 Avg Close $211.47 Range $197.72 - $230.89

Q4 2022

Shares 535,082 Value ($000) $127,810 Avg Close $228.99 Range $203.81 - $257.33

Q3 2022

Shares 547,696 Value ($000) $123,883 Avg Close $219.07 Range $190.70 - $242.63

Q2 2022

Shares 404,815 Value ($000) $85,027 Avg Close $202.51 Range $182.36 - $222.13

Q1 2022

Shares 256,507 Value ($000) $58,366 Avg Close $196.92 Range $176.60 - $227.31

Q4 2021

Shares 272,171 Value ($000) $67,112 Avg Close $207.28 Range $180.16 - $228.68

Q3 2021

Shares 278,462 Value ($000) $55,670 Avg Close $187.71 Range $179.33 - $197.68

Q2 2021

Shares 245,611 Value ($000) $48,783 Avg Close $176.27 Range $167.48 - $182.39

Q1 2021

Shares 241,129 Value ($000) $45,446 Avg Close $156.66 Range $143.60 - $175.27

Q4 2020

Shares 389,776 Value ($000) $68,679 Avg Close $147.45 Range $121.14 - $161.77

Q3 2020

Shares 415,192 Value ($000) $57,915 Avg Close $125.00 Range $114.15 - $135.97

Q2 2020

Shares 6,091,655 Value ($000) $906,986 Avg Close $126.99 Range $112.18 - $142.82

Q1 2020

Shares 5,327,251 Value ($000) $728,129 Avg Close $141.95 Range $91.30 - $160.44

Q4 2019

Shares 5,051,703 Value ($000) $861,315 Avg Close $145.09 Range $134.54 - $151.18

Q3 2019

Shares 4,878,159 Value ($000) $787,432 Avg Close $143.97 Range $136.57 - $151.98

Q2 2019

Shares 4,676,299 Value ($000) $773,133 Avg Close $140.97 Range $134.10 - $148.45

Q1 2019

Shares 6,095,917 Value ($000) $973,762 Avg Close $125.45 Range $108.70 - $138.61

Q4 2018

Shares 7,376,430 Value ($000) $967,198 Avg Close $121.16 Range $104.68 - $131.62

Q3 2018

Shares 7,149,461 Value ($000) $1,077,138 Avg Close $120.81 Range $110.27 - $129.74

Q2 2018

Shares 7,146,946 Value ($000) $958,691 Avg Close $107.77 Range $94.91 - $120.77

Q1 2018

Shares 7,062,453 Value ($000) $801,447 Avg Close $98.61 Range $90.87 - $105.75

Q4 2017

Shares 6,915,960 Value ($000) $810,481 Avg Close $96.16 Range $91.15 - $100.81

Q3 2017

Shares 6,813,929 Value ($000) $744,899 Avg Close $89.59 Range $83.96 - $101.73

Q2 2017

Shares 6,661,902 Value ($000) $682,578 Avg Close $84.22 Range $79.33 - $87.79

Q1 2017

Shares 6,250,533 Value ($000) $639,992 Avg Close $84.40 Range $77.75 - $87.39

Q4 2016

Shares 5,770,975 Value ($000) $593,141 Avg Close $76.76 Range $70.20 - $85.82

Q3 2016

Shares 4,507,960 Value ($000) $397,602 Avg Close $74.09 Range $70.80 - $78.37

Q2 2016

Shares 4,362,933 Value ($000) $400,823 Avg Close $71.77 Range $68.45 - $75.00

Q1 2016

Shares 3,912,914 Value ($000) $351,028 Avg Close $67.69 Range $61.81 - $73.03

Q4 2015

Shares 3,479,707 Value ($000) $294,801 Avg Close $69.13 Range $63.10 - $72.67

Q3 2015

Shares 3,142,746 Value ($000) $252,363 Avg Close $63.87 Range $51.20 - $67.86

Q2 2015

Shares 2,299,849 Value ($000) $184,517 Avg Close $67.60 Range $63.55 - $69.99

Q1 2015

Shares 2,348,827 Value ($000) $201,154 Avg Close $67.89 Range $64.32 - $71.03

Q4 2014

Shares 2,247,283 Value ($000) $187,356 Avg Close $63.52 Range $55.18 - $68.07

Q3 2014

Shares 2,276,034 Value ($000) $189,093 Avg Close $56.27 Range $54.11 - $58.19

Q2 2014

Shares 2,346,645 Value ($000) $186,042 Avg Close $52.86 Range $49.83 - $54.58

Q1 2014

Shares 2,451,365 Value ($000) $189,392 Avg Close $52.44 Range $48.53 - $56.01

Q4 2013

Shares 1,716,576 Value ($000) $138,717 Avg Close $51.46 Range $46.89 - $56.22

Q3 2013

Shares 1,780,671 Value ($000) $128,885 Avg Close $48.32 Range $45.84 - $50.27

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,976	$508	$264.83	$245.59 - $291.75
Q3 2025	2,461	$722	$297.80	$280.46 - $312.33
Q2 2025	94,535	$29,155	$302.36	$268.13 - $324.50
Q1 2025	166,526	$50,879	$295.41	$279.29 - $315.84
Q4 2024	179,749	$52,618	$287.90	$266.14 - $301.35
Q3 2024	198,152	$54,835	$253.49	$223.96 - $274.02
Q2 2024	491,947	$117,423	$236.61	$228.77 - $245.17
Q1 2024	502,060	$125,510	$234.26	$221.78 - $245.61
Q4 2023	503,272	$117,350	$222.04	$195.57 - $239.12
Q3 2023	500,514	$120,414	$231.16	$204.74 - $243.17
Q2 2023	545,332	$119,859	$203.27	$189.64 - $210.89
Q1 2023	537,453	$119,653	$211.47	$197.72 - $230.89
Q4 2022	535,082	$127,810	$228.99	$203.81 - $257.33
Q3 2022	547,696	$123,883	$219.07	$190.70 - $242.63
Q2 2022	404,815	$85,027	$202.51	$182.36 - $222.13
Q1 2022	256,507	$58,366	$196.92	$176.60 - $227.31
Q4 2021	272,171	$67,112	$207.28	$180.16 - $228.68
Q3 2021	278,462	$55,670	$187.71	$179.33 - $197.68
Q2 2021	245,611	$48,783	$176.27	$167.48 - $182.39
Q1 2021	241,129	$45,446	$156.66	$143.60 - $175.27
Q4 2020	389,776	$68,679	$147.45	$121.14 - $161.77
Q3 2020	415,192	$57,915	$125.00	$114.15 - $135.97
Q2 2020	6,091,655	$906,986	$126.99	$112.18 - $142.82
Q1 2020	5,327,251	$728,129	$141.95	$91.30 - $160.44
Q4 2019	5,051,703	$861,315	$145.09	$134.54 - $151.18
Q3 2019	4,878,159	$787,432	$143.97	$136.57 - $151.98
Q2 2019	4,676,299	$773,133	$140.97	$134.10 - $148.45
Q1 2019	6,095,917	$973,762	$125.45	$108.70 - $138.61
Q4 2018	7,376,430	$967,198	$121.16	$104.68 - $131.62
Q3 2018	7,149,461	$1,077,138	$120.81	$110.27 - $129.74
Q2 2018	7,146,946	$958,691	$107.77	$94.91 - $120.77
Q1 2018	7,062,453	$801,447	$98.61	$90.87 - $105.75
Q4 2017	6,915,960	$810,481	$96.16	$91.15 - $100.81
Q3 2017	6,813,929	$744,899	$89.59	$83.96 - $101.73
Q2 2017	6,661,902	$682,578	$84.22	$79.33 - $87.79
Q1 2017	6,250,533	$639,992	$84.40	$77.75 - $87.39
Q4 2016	5,770,975	$593,141	$76.76	$70.20 - $85.82
Q3 2016	4,507,960	$397,602	$74.09	$70.80 - $78.37
Q2 2016	4,362,933	$400,823	$71.77	$68.45 - $75.00
Q1 2016	3,912,914	$351,028	$67.69	$61.81 - $73.03
Q4 2015	3,479,707	$294,801	$69.13	$63.10 - $72.67
Q3 2015	3,142,746	$252,363	$63.87	$51.20 - $67.86
Q2 2015	2,299,849	$184,517	$67.60	$63.55 - $69.99
Q1 2015	2,348,827	$201,154	$67.89	$64.32 - $71.03
Q4 2014	2,247,283	$187,356	$63.52	$55.18 - $68.07
Q3 2014	2,276,034	$189,093	$56.27	$54.11 - $58.19
Q2 2014	2,346,645	$186,042	$52.86	$49.83 - $54.58
Q1 2014	2,451,365	$189,392	$52.44	$48.53 - $56.01
Q4 2013	1,716,576	$138,717	$51.46	$46.89 - $56.22
Q3 2013	1,780,671	$128,885	$48.32	$45.84 - $50.27