Automatic Data Processing
1,220 hedge funds and large institutions have $38.6B invested in Automatic Data Processing in 2017 Q3 according to their latest regulatory filings, with 106 funds opening new positions, 320 increasing their positions, 563 reducing their positions, and 67 closing their positions.
93% more call options, than puts
Call options by funds: $1.03B | Put options by funds: $531M
58% more first-time investments, than exits
New positions opened: 106 | Existing positions closed: 67
3% more funds holding in top 10
Funds holding in top 10: 59 → 61 (+2)
2% more funds holding
Funds holding: 1,192 → 1,220 (+28)
3% more capital invested
Capital invested by funds: $37.4B → $38.6B (+$1.19B)
2.1% less ownership
Funds ownership: 81.62% → 79.53% (-2.1%)
43% less repeat investments, than reductions
Existing positions increased: 320 | Existing positions reduced: 563
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$949M |
| 2 |
PSCM
Pershing Square Capital Management
New York
|
+$755M |
| 3 |
SIG
Senator Investment Group
New York
|
+$375M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$310M |
| 5 |
Wells Fargo
San Francisco,
California
|
+$263M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$1.31B |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$751M |
| 3 |
Capital International Investors
Los Angeles,
California
|
-$403M |
| 4 |
Bank of New York Mellon
New York
|
-$291M |
| 5 |
JP Morgan Chase
New York
|
-$288M |
ADP Hedge Fund Activity: Q3 2017 in Review
1,220 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q3 2017, worth a combined $38.6B — up 3.2% from $37.4B a quarter earlier.
Buyers outnumbered sellers: 106 funds opened new ADP positions and 67 closed out — a net gain of 39 holders — while 320 added to existing stakes and 563 trimmed.
The largest buyer was Bank of America, adding an estimated $949M. The largest seller was Nomura Holdings, cutting an estimated $1.31B.
- 1,220 institutional investors held Automatic Data Processing (ADP) as of Q3 2017, up from 1,192 in Q2 2017.
- Funds reported $38.6B of Automatic Data Processing stock for Q3 2017, up 3.2% quarter-over-quarter.
- 106 funds opened new Automatic Data Processing positions in Q3 2017 and 67 closed out, a net change of +39 holders.
- The largest Automatic Data Processing buyer in Q3 2017 was Bank of America, an estimated $949M added.
- The largest Automatic Data Processing seller in Q3 2017 was Nomura Holdings, an estimated $1.31B sold.
Based on aggregated 13F filings for Q3 2017.