Automatic Data Processing
ADP
1,110 hedge funds and large institutions have $31B invested in Automatic Data Processing in 2016 Q3 according to their latest regulatory filings, with 54 funds opening new positions, 405 increasing their positions, 452 reducing their positions, and 54 closing their positions.
0% more first-time investments, than exits
New positions opened: 54 | Existing positions closed: 54
0.24% less ownership
Funds ownership: 55.68% → 55.43% (-0.24%)
5% less capital invested
Capital invested by funds: $32.6B → $31B (-$1.58B)
1% less funds holding
Funds holding: 1,122 → 1,110 (-12)
10% less repeat investments, than reductions
Existing positions increased: 405 | Existing positions reduced: 452
10% less call options, than puts
Call options by funds: $86.8M | Put options by funds: $96.9M
18% less funds holding in top 10
Funds holding in top 10: 57 → 47 (-10)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$84.7M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$52.4M |
| 3 |
State Street
Boston,
Massachusetts
|
+$51.4M |
| 4 |
Morgan Stanley
New York
|
+$50.9M |
| 5 |
Fundsmith LLP
London,
United Kingdom
|
+$48.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$104M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$86.7M |
| 3 |
DCP
DSM Capital Partners
Palm Beach Gardens,
Florida
|
-$80.9M |
| 4 |
JFL
Jarislowsky, Fraser Ltd
Montreal,
Quebec, Canada
|
-$78.7M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$70.1M |
ADP Hedge Fund Activity: Q3 2016 in Review
1,110 of the 3,749 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q3 2016, worth a combined $31B — down 4.8% from $32.6B a quarter earlier.
Fund positioning in ADP was balanced in Q3 2016: 54 funds opened new positions, 54 closed out, 405 added to existing stakes and 452 trimmed.
The largest buyer was Vanguard Group, adding an estimated $84.7M. The largest seller was D.E. Shaw & Co, cutting an estimated $104M.
- 1,110 institutional investors held Automatic Data Processing (ADP) as of Q3 2016, down from 1,122 in Q2 2016.
- Funds reported $31B of Automatic Data Processing stock for Q3 2016, down 4.8% quarter-over-quarter.
- 54 funds opened new Automatic Data Processing positions in Q3 2016 and 54 closed out, a net change of 0 holders.
- The largest Automatic Data Processing buyer in Q3 2016 was Vanguard Group, an estimated $84.7M added.
- The largest Automatic Data Processing seller in Q3 2016 was D.E. Shaw & Co, an estimated $104M sold.
Based on aggregated 13F filings for Q3 2016.