Automatic Data Processing
ADP
1,538 hedge funds and large institutions have $56.7B invested in Automatic Data Processing in 2019 Q3 according to their latest regulatory filings, with 84 funds opening new positions, 558 increasing their positions, 574 reducing their positions, and 73 closing their positions.
15% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 73
0% more funds holding
Funds holding: 1,537 → 1,538 (+1)
0.31% less ownership
Funds ownership: 81.39% → 81.08% (-0.31%)
2% less call options, than puts
Call options by funds: $940M | Put options by funds: $956M
3% less repeat investments, than reductions
Existing positions increased: 558 | Existing positions reduced: 574
3% less capital invested
Capital invested by funds: $58.6B → $56.7B (-$1.89B)
16% less funds holding in top 10
Funds holding in top 10: 89 → 75 (-14)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$373M |
| 2 |
D.E. Shaw & Co
New York
|
+$266M |
| 3 |
Two Sigma Advisers
New York
|
+$249M |
| 4 |
BI
BlueSpruce Investments
Chicago,
Illinois
|
+$216M |
| 5 |
BlackRock
New York
|
+$154M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$1.45B |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$694M |
| 3 |
PSCM
Pershing Square Capital Management
New York
|
-$666M |
| 4 |
N
Nuveen
Charlotte,
North Carolina
|
-$163M |
| 5 |
Harris Associates
Chicago,
Illinois
|
-$99M |
ADP Hedge Fund Activity: Q3 2019 in Review
1,538 of the 4,560 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q3 2019, worth a combined $56.7B — down 3.2% from $58.6B a quarter earlier.
Buyers outnumbered sellers: 84 funds opened new ADP positions and 73 closed out — a net gain of 11 holders — while 558 added to existing stakes and 574 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $373M. The largest seller was Bank of America, cutting an estimated $1.45B.
- 1,538 institutional investors held Automatic Data Processing (ADP) as of Q3 2019, up from 1,537 in Q2 2019.
- Funds reported $56.7B of Automatic Data Processing stock for Q3 2019, down 3.2% quarter-over-quarter.
- 84 funds opened new Automatic Data Processing positions in Q3 2019 and 73 closed out, a net change of +11 holders.
- The largest Automatic Data Processing buyer in Q3 2019 was Fidelity Investments, an estimated $373M added.
- The largest Automatic Data Processing seller in Q3 2019 was Bank of America, an estimated $1.45B sold.
Based on aggregated 13F filings for Q3 2019.