Automatic Data Processing
ADP
1,594 hedge funds and large institutions have $51.6B invested in Automatic Data Processing in 2020 Q2 according to their latest regulatory filings, with 127 funds opening new positions, 557 increasing their positions, 617 reducing their positions, and 92 closing their positions.
38% more first-time investments, than exits
New positions opened: 127 | Existing positions closed: 92
8% more capital invested
Capital invested by funds: $47.6B → $51.6B (+$3.96B)
1% more funds holding
Funds holding: 1,573 → 1,594 (+21)
4% more call options, than puts
Call options by funds: $212M | Put options by funds: $204M
0.12% less ownership
Funds ownership: 80.76% → 80.64% (-0.12%)
10% less repeat investments, than reductions
Existing positions increased: 557 | Existing positions reduced: 617
19% less funds holding in top 10
Funds holding in top 10: 72 → 58 (-14)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$648M |
| 2 |
Nordea Investment Management
Stockholm,
Sweden
|
+$291M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$215M |
| 4 |
BlackRock
New York
|
+$131M |
| 5 |
PIF
Public Investment Fund
Al Aqiq District, Riyadh,
Saudi Arabia
|
+$130M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$422M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$328M |
| 3 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$251M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$240M |
| 5 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$215M |
ADP Hedge Fund Activity: Q2 2020 in Review
1,594 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q2 2020, worth a combined $51.6B — up 8.3% from $47.6B a quarter earlier.
Buyers outnumbered sellers: 127 funds opened new ADP positions and 92 closed out — a net gain of 35 holders — while 557 added to existing stakes and 617 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $648M. The largest seller was Bank of America, cutting an estimated $422M.
- 1,594 institutional investors held Automatic Data Processing (ADP) as of Q2 2020, up from 1,573 in Q1 2020.
- Funds reported $51.6B of Automatic Data Processing stock for Q2 2020, up 8.3% quarter-over-quarter.
- 127 funds opened new Automatic Data Processing positions in Q2 2020 and 92 closed out, a net change of +35 holders.
- The largest Automatic Data Processing buyer in Q2 2020 was Wellington Management Group, an estimated $648M added.
- The largest Automatic Data Processing seller in Q2 2020 was Bank of America, an estimated $422M sold.
Based on aggregated 13F filings for Q2 2020.