Automatic Data Processing
ADP
1,055 hedge funds and large institutions have $28.4B invested in Automatic Data Processing in 2014 Q1 according to their latest regulatory filings, with 58 funds opening new positions, 348 increasing their positions, 459 reducing their positions, and 55 closing their positions.
103% more call options, than puts
Call options by funds: $111M | Put options by funds: $54.6M
5% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 55
0.39% more ownership
Funds ownership: 65.34% → 65.72% (+0.39%)
1% less funds holding
Funds holding: 1,062 → 1,055 (-7)
4% less capital invested
Capital invested by funds: $29.6B → $28.4B (-$1.14B)
20% less funds holding in top 10
Funds holding in top 10: 64 → 51 (-13)
24% less repeat investments, than reductions
Existing positions increased: 348 | Existing positions reduced: 459
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
+$155M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$151M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$142M |
| 4 |
Morgan Stanley
New York
|
+$134M |
| 5 |
Polen Capital Management
Boca Raton,
Florida
|
+$57M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$241M |
| 2 |
State Street
Boston,
Massachusetts
|
-$97.6M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$58.1M |
| 4 |
CC
Carlson Capital
Dallas,
Texas
|
-$52.6M |
| 5 |
AAMU
Amundi Asset Management US
Boston,
Massachusetts
|
-$46.7M |
ADP Hedge Fund Activity: Q1 2014 in Review
1,055 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q1 2014, worth a combined $28.4B — down 3.9% from $29.6B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new ADP positions and 55 closed out — a net gain of 3 holders — while 348 added to existing stakes and 459 trimmed.
The largest buyer was Capital International Investors, adding an estimated $155M. The largest seller was Invesco, cutting an estimated $241M.
- 1,055 institutional investors held Automatic Data Processing (ADP) as of Q1 2014, down from 1,062 in Q4 2013.
- Funds reported $28.4B of Automatic Data Processing stock for Q1 2014, down 3.9% quarter-over-quarter.
- 58 funds opened new Automatic Data Processing positions in Q1 2014 and 55 closed out, a net change of +3 holders.
- The largest Automatic Data Processing buyer in Q1 2014 was Capital International Investors, an estimated $155M added.
- The largest Automatic Data Processing seller in Q1 2014 was Invesco, an estimated $241M sold.
Based on aggregated 13F filings for Q1 2014.