Automatic Data Processing
ADP
1,009 hedge funds and large institutions have $26.5B invested in Automatic Data Processing in 2013 Q3 according to their latest regulatory filings, with 88 funds opening new positions, 332 increasing their positions, 399 reducing their positions, and 44 closing their positions.
100% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 44
15% more call options, than puts
Call options by funds: $103M | Put options by funds: $90.2M
3% more funds holding
Funds holding: 975 → 1,009 (+34)
3% more capital invested
Capital invested by funds: $25.7B → $26.5B (+$848M)
1.08% less ownership
Funds ownership: 66.5% → 65.41% (-1.1%)
7% less funds holding in top 10
Funds holding in top 10: 58 → 54 (-4)
17% less repeat investments, than reductions
Existing positions increased: 332 | Existing positions reduced: 399
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Polen Capital Management
Boca Raton,
Florida
|
+$129M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$94.2M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$67.5M |
| 4 |
SP
Sarasin & Partners
London,
United Kingdom
|
+$64.6M |
| 5 |
CGT
Capital Guardian Trust
Los Angeles,
California
|
+$51.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BBHC
Brown Brothers Harriman & Co
New York
|
-$438M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$299M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$287M |
| 4 |
SONJCPFA
State of New Jersey Common Pension Fund A
Trenton,
New Jersey
|
-$51M |
| 5 |
AWM
Ashmore Wealth Management
Wilmington,
Delaware
|
-$48.2M |
ADP Hedge Fund Activity: Q3 2013 in Review
1,009 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q3 2013, worth a combined $26.5B — up 3.3% from $25.7B a quarter earlier.
Buyers outnumbered sellers: 88 funds opened new ADP positions and 44 closed out — a net gain of 44 holders — while 332 added to existing stakes and 399 trimmed.
The largest buyer was Polen Capital Management, opening a new position worth an estimated $129M. The largest seller was Brown Brothers Harriman & Co, cutting an estimated $438M.
- 1,009 institutional investors held Automatic Data Processing (ADP) as of Q3 2013, up from 975 in Q2 2013.
- Funds reported $26.5B of Automatic Data Processing stock for Q3 2013, up 3.3% quarter-over-quarter.
- 88 funds opened new Automatic Data Processing positions in Q3 2013 and 44 closed out, a net change of +44 holders.
- The largest Automatic Data Processing buyer in Q3 2013 was Polen Capital Management, an estimated $129M added.
- The largest Automatic Data Processing seller in Q3 2013 was Brown Brothers Harriman & Co, an estimated $438M sold.
Based on aggregated 13F filings for Q3 2013.