AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

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

Q4 2025

Shares 39,971 Value ($000) $10,282 Avg Close $264.83 Range $245.59 - $291.75

Q2 2025

Shares 27,002 Value ($000) $8,327 Avg Close $302.36 Range $268.13 - $324.50

Q3 2024

Shares 12,955 Value ($000) $3,585 Avg Close $253.49 Range $223.96 - $274.02

Q2 2024

Shares 33,487 Value ($000) $7,993 Avg Close $236.61 Range $228.77 - $245.17

Q1 2024

Shares 3,051 Value ($000) $762 Avg Close $234.26 Range $221.78 - $245.61

Q4 2023

Shares 7,449 Value ($000) $1,735 Avg Close $222.04 Range $195.57 - $239.12

Q3 2023

Shares 19,000 Value ($000) $4,571 Avg Close $231.16 Range $204.74 - $243.17

Q1 2023

Shares 22,210 Value ($000) $4,945 Avg Close $211.47 Range $197.72 - $230.89

Q4 2022

Shares 9,577 Value ($000) $2,288 Avg Close $228.99 Range $203.81 - $257.33

Q3 2022

Shares 7,747 Value ($000) $1,752 Avg Close $219.07 Range $190.70 - $242.63

Q2 2022

Shares 5,890 Value ($000) $1,237 Avg Close $202.51 Range $182.36 - $222.13

Q1 2022

Shares 2,015 Value ($000) $458 Avg Close $196.92 Range $176.60 - $227.31

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	39,971	$10,282	$264.83	$245.59 - $291.75
Q2 2025	27,002	$8,327	$302.36	$268.13 - $324.50
Q3 2024	12,955	$3,585	$253.49	$223.96 - $274.02
Q2 2024	33,487	$7,993	$236.61	$228.77 - $245.17
Q1 2024	3,051	$762	$234.26	$221.78 - $245.61
Q4 2023	7,449	$1,735	$222.04	$195.57 - $239.12
Q3 2023	19,000	$4,571	$231.16	$204.74 - $243.17
Q1 2023	22,210	$4,945	$211.47	$197.72 - $230.89
Q4 2022	9,577	$2,288	$228.99	$203.81 - $257.33
Q3 2022	7,747	$1,752	$219.07	$190.70 - $242.63
Q2 2022	5,890	$1,237	$202.51	$182.36 - $222.13
Q1 2022	2,015	$458	$196.92	$176.60 - $227.31