Salem 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
2022 Q3	$541K	Buy	2,393 +93	+4%	+$21.9K	0.43%	39
2022 Q2	$483K	Hold	2,300	–	–	0.35%	41
2022 Q1	$523K	Hold	2,300	–	–	0.29%	49
2021 Q4	$567K	Hold	2,300	–	–	0.29%	50
2021 Q3	$460K	Hold	2,300	–	–	0.25%	54
2021 Q2	$457K	Sell	2,300 -400	-15%	-$77.7K	0.25%	55
2021 Q1	$509K	Hold	2,700	–	–	0.3%	51
2020 Q4	$476K	Hold	2,700	–	–	0.3%	50
2020 Q3	$377K	Hold	2,700	–	–	0.27%	49
2020 Q2	$402K	Hold	2,700	–	–	0.29%	49
2020 Q1	$369K	Hold	2,700	–	–	0.3%	48
2019 Q4	$460K	Hold	2,700	–	–	0.25%	53
2019 Q3	$436K	Hold	2,700	–	–	0.25%	56
2019 Q2	$446K	Hold	2,700	–	–	0.25%	56
2019 Q1	$431K	Hold	2,700	–	–	0.23%	55
2018 Q4	$354K	Hold	2,700	–	–	0.22%	54
2018 Q3	$407K	Hold	2,700	–	–	0.22%	56
2018 Q2	$362K	Hold	2,700	–	–	0.19%	55
2018 Q1	$306K	Hold	2,700	–	–	0.17%	58
2017 Q4	$316K	Hold	2,700	–	–	0.16%	56
2017 Q3	$295K	Hold	2,700	–	–	0.15%	59
2017 Q2	$277K	Hold	2,700	–	–	0.15%	58
2017 Q1	$276K	Hold	2,700	–	–	0.15%	57
2016 Q4	$278K	Hold	2,700	–	–	0.15%	58
2016 Q3	$238K	Hold	2,700	–	–	0.13%	62
2016 Q2	$248K	Hold	2,700	–	–	0.14%	62
2016 Q1	$242K	Sell	2,700 -1,600	-37%	-$134K	0.14%	62
2015 Q4	$364K	Hold	4,300	–	–	0.21%	57
2015 Q3	$346K	Hold	4,300	–	–	0.2%	60
2015 Q2	$345K	Hold	4,300	–	–	0.18%	57
2015 Q1	$368K	Hold	4,300	–	–	0.19%	56
2014 Q4	$358K	Sell	4,300 -598	-12%	-$48.5K	0.17%	60
2014 Q3	$357K	Hold	4,898	–	–	0.17%	59
2014 Q2	$341K	Hold	4,898	–	–	0.15%	62
2014 Q1	$332K	Hold	4,898	–	–	0.15%	64
2013 Q4	$347K	Hold	4,898	–	–	0.15%	63
2013 Q3	$311K	Hold	4,898	–	–	0.14%	64
2013 Q2	$296K	Buy	+4,898	New	+$292K	0.14%	65