AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

Biltmore Wealth Management, LLC's Holding History (CIK: 0001598102)

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

Q4 2018

Shares 4,543 Value ($000) $596 Avg Close $121.16 Range $104.68 - $131.62

Q3 2018

Shares 4,617 Value ($000) $696 Avg Close $120.81 Range $110.27 - $129.74

Q2 2018

Shares 3,670 Value ($000) $492 Avg Close $107.77 Range $94.91 - $120.77

Q1 2018

Shares 1,832 Value ($000) $208 Avg Close $98.61 Range $90.87 - $105.75

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2018	4,543	$596	$121.16	$104.68 - $131.62
Q3 2018	4,617	$696	$120.81	$110.27 - $129.74
Q2 2018	3,670	$492	$107.77	$94.91 - $120.77
Q1 2018	1,832	$208	$98.61	$90.87 - $105.75