AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

America First Investment Advisors, LLC's Holding History (CIK: 0001308778)

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

Q4 2025

Shares 86,242 Value ($000) $22,184 Avg Close $264.83 Range $245.59 - $291.75

Q3 2025

Shares 82,512 Value ($000) $24,217 Avg Close $297.80 Range $280.46 - $312.33

Q2 2025

Shares 82,208 Value ($000) $25,353 Avg Close $302.36 Range $268.13 - $324.50

Q1 2025

Shares 84,352 Value ($000) $25,772 Avg Close $295.41 Range $279.29 - $315.84

Q4 2024

Shares 84,612 Value ($000) $24,768 Avg Close $287.90 Range $266.14 - $301.35

Q3 2024

Shares 88,129 Value ($000) $24,388 Avg Close $253.49 Range $223.96 - $274.02

Q2 2024

Shares 88,237 Value ($000) $21,061 Avg Close $236.61 Range $228.77 - $245.17

Q1 2024

Shares 87,064 Value ($000) $21,743 Avg Close $234.26 Range $221.78 - $245.61

Q4 2023

Shares 87,067 Value ($000) $20,284 Avg Close $222.04 Range $195.57 - $239.12

Q3 2023

Shares 87,189 Value ($000) $20,976 Avg Close $231.16 Range $204.74 - $243.17

Q2 2023

Shares 87,951 Value ($000) $19,331 Avg Close $203.27 Range $189.64 - $210.89

Q1 2023

Shares 88,311 Value ($000) $19,661 Avg Close $211.47 Range $197.72 - $230.89

Q4 2022

Shares 87,520 Value ($000) $21 Avg Close $228.99 Range $203.81 - $257.33

Q3 2022

Shares 92,482 Value ($000) $20,918 Avg Close $219.07 Range $190.70 - $242.63

Q2 2022

Shares 92,661 Value ($000) $19,463 Avg Close $202.51 Range $182.36 - $222.13

Q1 2022

Shares 93,366 Value ($000) $21,244 Avg Close $196.92 Range $176.60 - $227.31

Q4 2021

Shares 94,379 Value ($000) $23,272 Avg Close $207.28 Range $180.16 - $228.68

Q3 2021

Shares 93,952 Value ($000) $18,783 Avg Close $187.71 Range $179.33 - $197.68

Q2 2021

Shares 95,607 Value ($000) $18,989 Avg Close $176.27 Range $167.48 - $182.39

Q1 2021

Shares 94,970 Value ($000) $17,899 Avg Close $156.66 Range $143.60 - $175.27

Q4 2020

Shares 97,195 Value ($000) $17,126 Avg Close $147.45 Range $121.14 - $161.77

Q3 2020

Shares 100,767 Value ($000) $14,056 Avg Close $125.00 Range $114.15 - $135.97

Q2 2020

Shares 101,642 Value ($000) $15,133 Avg Close $126.99 Range $112.18 - $142.82

Q1 2020

Shares 102,209 Value ($000) $13,970 Avg Close $141.95 Range $91.30 - $160.44

Q4 2019

Shares 105,400 Value ($000) $17,971 Avg Close $145.09 Range $134.54 - $151.18

Q3 2019

Shares 109,411 Value ($000) $17,661 Avg Close $143.97 Range $136.57 - $151.98

Q2 2019

Shares 109,352 Value ($000) $18,079 Avg Close $140.97 Range $134.10 - $148.45

Q1 2019

Shares 112,379 Value ($000) $17,951 Avg Close $125.45 Range $108.70 - $138.61

Q4 2018

Shares 117,100 Value ($000) $15,354 Avg Close $121.16 Range $104.68 - $131.62

Q3 2018

Shares 122,139 Value ($000) $18,401 Avg Close $120.81 Range $110.27 - $129.74

Q2 2018

Shares 125,762 Value ($000) $16,870 Avg Close $107.77 Range $94.91 - $120.77

Q1 2018

Shares 125,537 Value ($000) $14,246 Avg Close $98.61 Range $90.87 - $105.75

Q4 2017

Shares 125,636 Value ($000) $14,723 Avg Close $96.16 Range $91.15 - $100.81

Q3 2017

Shares 124,984 Value ($000) $13,663 Avg Close $89.59 Range $83.96 - $101.73

Q2 2017

Shares 125,619 Value ($000) $12,871 Avg Close $84.22 Range $79.33 - $87.79

Q1 2017

Shares 123,116 Value ($000) $12,606 Avg Close $84.40 Range $77.75 - $87.39

Q4 2016

Shares 122,428 Value ($000) $12,583 Avg Close $76.76 Range $70.20 - $85.82

Q3 2016

Shares 120,552 Value ($000) $10,633 Avg Close $74.09 Range $70.80 - $78.37

Q2 2016

Shares 116,903 Value ($000) $10,740 Avg Close $71.77 Range $68.45 - $75.00

Q1 2016

Shares 117,563 Value ($000) $10,547 Avg Close $67.69 Range $61.81 - $73.03

Q4 2015

Shares 116,828 Value ($000) $9,898 Avg Close $69.13 Range $63.10 - $72.67

Q3 2015

Shares 117,493 Value ($000) $9,442 Avg Close $63.87 Range $51.20 - $67.86

Q2 2015

Shares 117,551 Value ($000) $9,431 Avg Close $67.60 Range $63.55 - $69.99

Q1 2015

Shares 116,918 Value ($000) $10,013 Avg Close $67.89 Range $64.32 - $71.03

Q4 2014

Shares 118,076 Value ($000) $9,844 Avg Close $63.52 Range $55.18 - $68.07

Q3 2014

Shares 116,173 Value ($000) $9,652 Avg Close $56.27 Range $54.11 - $58.19

Q2 2014

Shares 116,694 Value ($000) $9,252 Avg Close $52.86 Range $49.83 - $54.58

Q1 2014

Shares 113,061 Value ($000) $8,735 Avg Close $52.44 Range $48.53 - $56.01

Q4 2013

Shares 113,548 Value ($000) $9,175 Avg Close $51.46 Range $46.89 - $56.22

Q3 2013

Shares 115,685 Value ($000) $8,373 Avg Close $48.32 Range $45.84 - $50.27

Q2 2013

Shares 116,303 Value ($000) $8,009 Avg Close $45.09 Range $41.94 - $47.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	86,242	$22,184	$264.83	$245.59 - $291.75
Q3 2025	82,512	$24,217	$297.80	$280.46 - $312.33
Q2 2025	82,208	$25,353	$302.36	$268.13 - $324.50
Q1 2025	84,352	$25,772	$295.41	$279.29 - $315.84
Q4 2024	84,612	$24,768	$287.90	$266.14 - $301.35
Q3 2024	88,129	$24,388	$253.49	$223.96 - $274.02
Q2 2024	88,237	$21,061	$236.61	$228.77 - $245.17
Q1 2024	87,064	$21,743	$234.26	$221.78 - $245.61
Q4 2023	87,067	$20,284	$222.04	$195.57 - $239.12
Q3 2023	87,189	$20,976	$231.16	$204.74 - $243.17
Q2 2023	87,951	$19,331	$203.27	$189.64 - $210.89
Q1 2023	88,311	$19,661	$211.47	$197.72 - $230.89
Q4 2022	87,520	$21	$228.99	$203.81 - $257.33
Q3 2022	92,482	$20,918	$219.07	$190.70 - $242.63
Q2 2022	92,661	$19,463	$202.51	$182.36 - $222.13
Q1 2022	93,366	$21,244	$196.92	$176.60 - $227.31
Q4 2021	94,379	$23,272	$207.28	$180.16 - $228.68
Q3 2021	93,952	$18,783	$187.71	$179.33 - $197.68
Q2 2021	95,607	$18,989	$176.27	$167.48 - $182.39
Q1 2021	94,970	$17,899	$156.66	$143.60 - $175.27
Q4 2020	97,195	$17,126	$147.45	$121.14 - $161.77
Q3 2020	100,767	$14,056	$125.00	$114.15 - $135.97
Q2 2020	101,642	$15,133	$126.99	$112.18 - $142.82
Q1 2020	102,209	$13,970	$141.95	$91.30 - $160.44
Q4 2019	105,400	$17,971	$145.09	$134.54 - $151.18
Q3 2019	109,411	$17,661	$143.97	$136.57 - $151.98
Q2 2019	109,352	$18,079	$140.97	$134.10 - $148.45
Q1 2019	112,379	$17,951	$125.45	$108.70 - $138.61
Q4 2018	117,100	$15,354	$121.16	$104.68 - $131.62
Q3 2018	122,139	$18,401	$120.81	$110.27 - $129.74
Q2 2018	125,762	$16,870	$107.77	$94.91 - $120.77
Q1 2018	125,537	$14,246	$98.61	$90.87 - $105.75
Q4 2017	125,636	$14,723	$96.16	$91.15 - $100.81
Q3 2017	124,984	$13,663	$89.59	$83.96 - $101.73
Q2 2017	125,619	$12,871	$84.22	$79.33 - $87.79
Q1 2017	123,116	$12,606	$84.40	$77.75 - $87.39
Q4 2016	122,428	$12,583	$76.76	$70.20 - $85.82
Q3 2016	120,552	$10,633	$74.09	$70.80 - $78.37
Q2 2016	116,903	$10,740	$71.77	$68.45 - $75.00
Q1 2016	117,563	$10,547	$67.69	$61.81 - $73.03
Q4 2015	116,828	$9,898	$69.13	$63.10 - $72.67
Q3 2015	117,493	$9,442	$63.87	$51.20 - $67.86
Q2 2015	117,551	$9,431	$67.60	$63.55 - $69.99
Q1 2015	116,918	$10,013	$67.89	$64.32 - $71.03
Q4 2014	118,076	$9,844	$63.52	$55.18 - $68.07
Q3 2014	116,173	$9,652	$56.27	$54.11 - $58.19
Q2 2014	116,694	$9,252	$52.86	$49.83 - $54.58
Q1 2014	113,061	$8,735	$52.44	$48.53 - $56.01
Q4 2013	113,548	$9,175	$51.46	$46.89 - $56.22
Q3 2013	115,685	$8,373	$48.32	$45.84 - $50.27
Q2 2013	116,303	$8,009	$45.09	$41.94 - $47.70