AUTOMATIC DATA PROCESSING IN

Ticker: ADP CUSIP: 053015103 Class: COM

Nutshell Asset Management Ltd's Holding History (CIK: 0002021442)

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

Q4 2025

Shares 25,307 Value ($000) $6,510 Avg Close $264.83 Range $245.59 - $291.75

Q3 2025

Shares 38,791 Value ($000) $11,385 Avg Close $297.80 Range $280.46 - $312.33

Q2 2025

Shares 7,500 Value ($000) $2,313 Avg Close $302.36 Range $268.13 - $324.50

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	25,307	$6,510	$264.83	$245.59 - $291.75
Q3 2025	38,791	$11,385	$297.80	$280.46 - $312.33
Q2 2025	7,500	$2,313	$302.36	$268.13 - $324.50