Dynamic Capital Management’s Automatic Data Processing ADP Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-13,070	Closed	-$1.53M	–	84
2017 Q4	$1.53M	Buy	+13,070	New	+$1.49M	0.53%	50
2016 Q3	–	Sell	-10,300	Closed	-$946K	–	361
2016 Q2	$946K	Buy	10,300 +4,014	+64%	+$354K	0.11%	272
2016 Q1	$564K	Buy	6,286 +1,301	+26%	+$109K	0.21%	151
2015 Q4	$422K	Buy	+4,985	New	+$429K	0.2%	177
2015 Q3	–	Sell	-19,334	Closed	-$1.55M	–	343
2015 Q2	$1.55M	Buy	19,334 +16,065	+491%	+$1.37M	0.39%	56
2015 Q1	$280K	Buy	3,269 +821	+34%	+$70.7K	0.1%	202
2014 Q4	$204K	Buy	+2,448	New	+$198K	0.11%	253
2014 Q2	–	Sell	-3,531	Closed	-$240K	–	385
2014 Q1	$240K	Sell	3,531 -5,375	-60%	-$366K	0.08%	355
2013 Q4	$632K	Sell	8,906 -9,079	-50%	-$611K	0.12%	278
2013 Q3	$1.14M	Buy	+17,985	New	+$1.14M	0.25%	125