Automatic Data Processing
ADP
2,161 hedge funds and large institutions have $81.8B invested in Automatic Data Processing in 2024 Q1 according to their latest regulatory filings, with 160 funds opening new positions, 793 increasing their positions, 829 reducing their positions, and 95 closing their positions.
68% more first-time investments, than exits
New positions opened: 160 | Existing positions closed: 95
21% more call options, than puts
Call options by funds: $609M | Put options by funds: $504M
13% more funds holding in top 10
Funds holding in top 10: 70 → 79 (+9)
2% more funds holding
Funds holding: 2,122 → 2,161 (+39)
3% more capital invested
Capital invested by funds: $79.3B → $81.8B (+$2.53B)
4% less repeat investments, than reductions
Existing positions increased: 793 | Existing positions reduced: 829
2.89% less ownership
Funds ownership: 82.72% → 79.83% (-2.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
BlueSpruce Investments
Chicago,
Illinois
|
+$358M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$280M |
| 3 |
Millennium Management
New York
|
+$222M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$186M |
| 5 |
Wellington Management Group
Boston,
Massachusetts
|
+$153M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$2.45B |
| 2 |
Charles Schwab
San Francisco,
California
|
-$1.57B |
| 3 |
PIF
Public Investment Fund
Al Aqiq District, Riyadh,
Saudi Arabia
|
-$345M |
| 4 |
Goldman Sachs
New York
|
-$169M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$119M |
ADP Hedge Fund Activity: Q1 2024 in Review
2,161 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q1 2024, worth a combined $81.8B — up 3.2% from $79.3B a quarter earlier.
Buyers outnumbered sellers: 160 funds opened new ADP positions and 95 closed out — a net gain of 65 holders — while 793 added to existing stakes and 829 trimmed.
The largest buyer was BlueSpruce Investments, opening a new position worth an estimated $358M. The largest seller was Morgan Stanley, cutting an estimated $2.45B.
- 2,161 institutional investors held Automatic Data Processing (ADP) as of Q1 2024, up from 2,122 in Q4 2023.
- Funds reported $81.8B of Automatic Data Processing stock for Q1 2024, up 3.2% quarter-over-quarter.
- 160 funds opened new Automatic Data Processing positions in Q1 2024 and 95 closed out, a net change of +65 holders.
- The largest Automatic Data Processing buyer in Q1 2024 was BlueSpruce Investments, an estimated $358M added.
- The largest Automatic Data Processing seller in Q1 2024 was Morgan Stanley, an estimated $2.45B sold.
Based on aggregated 13F filings for Q1 2024.