Automatic Data Processing
ADP
1,043 hedge funds and large institutions have $29.4B invested in Automatic Data Processing in 2014 Q2 according to their latest regulatory filings, with 39 funds opening new positions, 341 increasing their positions, 461 reducing their positions, and 45 closing their positions.
108% more call options, than puts
Call options by funds: $101M | Put options by funds: $48.6M
3% more capital invested
Capital invested by funds: $28.4B → $29.4B (+$923M)
0.35% more ownership
Funds ownership: 65.72% → 66.07% (+0.35%)
1% less funds holding
Funds holding: 1,055 → 1,043 (-12)
12% less funds holding in top 10
Funds holding in top 10: 51 → 45 (-6)
13% less first-time investments, than exits
New positions opened: 39 | Existing positions closed: 45
26% less repeat investments, than reductions
Existing positions increased: 341 | Existing positions reduced: 461
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$254M |
| 2 |
Harris Associates
Chicago,
Illinois
|
+$175M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$151M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$84.8M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
+$60.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
-$55.2M |
| 2 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$51.5M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$46.6M |
| 4 |
Credit Agricole
Montrouge Cedex,
France
|
-$44.3M |
| 5 |
SG Americas Securities
New York
|
-$37.5M |
ADP Hedge Fund Activity: Q2 2014 in Review
1,043 of the 3,480 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q2 2014, worth a combined $29.4B — up 3.2% from $28.4B a quarter earlier.
Sellers outnumbered buyers: 45 funds closed out of ADP and 39 opened new positions — a net loss of 6 holders — while 461 trimmed existing stakes and 341 added.
The largest buyer was Norges Bank, adding an estimated $254M. The largest seller was Janus Henderson Investors US, cutting an estimated $55.2M.
- 1,043 institutional investors held Automatic Data Processing (ADP) as of Q2 2014, down from 1,055 in Q1 2014.
- Funds reported $29.4B of Automatic Data Processing stock for Q2 2014, up 3.2% quarter-over-quarter.
- 39 funds opened new Automatic Data Processing positions in Q2 2014 and 45 closed out, a net change of -6 holders.
- The largest Automatic Data Processing buyer in Q2 2014 was Norges Bank, an estimated $254M added.
- The largest Automatic Data Processing seller in Q2 2014 was Janus Henderson Investors US, an estimated $55.2M sold.
Based on aggregated 13F filings for Q2 2014.