Automatic Data Processing
ADP
1,081 hedge funds and large institutions have $30.4B invested in Automatic Data Processing in 2014 Q4 according to their latest regulatory filings, with 103 funds opening new positions, 100 increasing their positions, 877 reducing their positions, and 50 closing their positions.
106% more first-time investments, than exits
New positions opened: 103 | Existing positions closed: 50
4% more funds holding
Funds holding: 1,043 → 1,081 (+38)
0% more capital invested
Capital invested by funds: $30.3B → $30.4B (+$25.3M)
0% more funds holding in top 10
Funds holding in top 10: 46 → 46 (0)
8.38% less ownership
Funds ownership: 65.44% → 57.06% (-8.4%)
33% less call options, than puts
Call options by funds: $57.5M | Put options by funds: $85.8M
89% less repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 877
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ETC
Evercore Trust Company
New York
|
+$386M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
+$207M |
| 3 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$160M |
| 4 |
CAM
Congress Asset Management
Boston,
Massachusetts
|
+$49.2M |
| 5 |
HCM
Heathbridge Capital Management
Toronto,
Ontario, Canada
|
+$25.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$746M |
| 2 |
AIG
American International Group
New York
|
-$331M |
| 3 |
JIM
Jensen Investment Management
Lake Oswego,
Oregon
|
-$314M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$291M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$250M |
ADP Hedge Fund Activity: Q4 2014 in Review
1,081 of the 3,750 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q4 2014, worth a combined $30.4B — up 0.08% from $30.3B a quarter earlier.
Buyers outnumbered sellers: 103 funds opened new ADP positions and 50 closed out — a net gain of 53 holders — while 100 added to existing stakes and 877 trimmed.
The largest buyer was Evercore Trust Company, opening a new position worth an estimated $386M. The largest seller was Bank of America, cutting an estimated $746M.
- 1,081 institutional investors held Automatic Data Processing (ADP) as of Q4 2014, up from 1,043 in Q3 2014.
- Funds reported $30.4B of Automatic Data Processing stock for Q4 2014, up 0.08% quarter-over-quarter.
- 103 funds opened new Automatic Data Processing positions in Q4 2014 and 50 closed out, a net change of +53 holders.
- The largest Automatic Data Processing buyer in Q4 2014 was Evercore Trust Company, an estimated $386M added.
- The largest Automatic Data Processing seller in Q4 2014 was Bank of America, an estimated $746M sold.
Based on aggregated 13F filings for Q4 2014.