Pershing Square Capital Management’s Automatic Data Processing ADP Stock Holding History

Pershing Square Capital Management’s Portfolio ADP Stock Details ADP Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q3	–	Sell	-4,029,526	Closed	-$666M	–	9
2019 Q2	$666M	Hold	4,029,526	–	–	9.93%	7
2019 Q1	$644M	Sell	4,029,526 -40,600	-1%	-$5.9M	9.58%	7
2018 Q4	$534M	Buy	4,070,126 +40,699	+1%	+$5.75M	8.96%	7
2018 Q3	$607M	Sell	4,029,427 -195,938	-5%	-$27.7M	11.65%	5
2018 Q2	$567M	Sell	4,225,365 -3,716,592	-47%	-$471M	9.76%	6
2018 Q1	$901M	Sell	7,941,957 -856,485	-10%	-$99.9M	18.65%	3
2017 Q4	$1.03B	Hold	8,798,442	–	–	17.56%	2
2017 Q3	$962M	Buy	8,798,442 +7,047,575	+403%	+$755M	18.81%	2
2017 Q2	$179M	Buy	+1,750,867	New	+$177M	2.98%	7

Other funds holding ADP

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return

Pershing Square Capital Management's ADP Position: Q3 2019 in Review

Pershing Square Capital Management sold out of Automatic Data Processing (ADP) in Q3 2019, closing a stake of 4,029,526 shares — an estimated $666M sold.

Pershing Square Capital Management first reported a position in ADP in Q2 2017 and held it in 9 quarters. The position peaked at $1.03B in Q4 2017. 1,538 funds tracked by Wall St. Rank hold ADP as of Q3 2019.

Pershing Square Capital Management reported no remaining Automatic Data Processing position as of Q3 2019 after selling out during the quarter.
Pershing Square Capital Management sold 4,029,526 Automatic Data Processing shares in Q3 2019, an estimated $666M.
Pershing Square Capital Management first reported a position in Automatic Data Processing in Q2 2017 and held it in 9 quarters.
Pershing Square Capital Management's Automatic Data Processing position peaked at $1.03B in Q4 2017.
1,538 funds tracked by Wall St. Rank held Automatic Data Processing as of Q3 2019.

Based on Pershing Square Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.