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Automatic Data Processing
ADP

2,161 hedge funds and large institutions have $81.8B invested in Automatic Data Processing in 2024 Q1 according to their latest regulatory filings, with 160 funds opening new positions, 793 increasing their positions, 829 reducing their positions, and 95 closing their positions.

New
Increased
Maintained
Reduced
Closed

68% more first-time investments, than exits

New positions opened: 160 | Existing positions closed: 95

21% more call options, than puts

Call options by funds: $609M | Put options by funds: $504M

13% more funds holding in top 10

Funds holding in top 10: 70 → 79 (+9)

2% more funds holding

Funds holding: 2,122 → 2,161 (+39)

3% more capital invested

Capital invested by funds: $79.3B → $81.8B (+$2.53B)

4% less repeat investments, than reductions

Existing positions increased: 793 | Existing positions reduced: 829

2.89% less ownership

Funds ownership: 82.72% → 79.83% (-2.9%)

Holders
2,161
Holders Change
+39
Holders Change %
+1.84%
% of All Funds
31.12%
Holding in Top 10
79
Holding in Top 10 Change
+9
Holding in Top 10 Change %
+12.86%
% of All Funds
1.14%
New
160
Increased
793
Reduced
829
Closed
95
Calls
$609M
Puts
$504M
Net Calls
+$105M
Net Calls Change
+$120M

Top Buyers

Rank Fund Capital Flow
1
BI
BlueSpruce Investments
Illinois
+$358M
2
Citadel Advisors
Citadel Advisors
Florida
+$280M
3
Millennium Management
Millennium Management
New York
+$222M
4
Bank of America
Bank of America
North Carolina
+$186M
5
Wellington Management Group
Wellington Management Group
Massachusetts
+$153M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$2.45B
2
Charles Schwab
Charles Schwab
California
-$1.57B
3
PIF
Public Investment Fund
Saudi Arabia
-$345M
4
Goldman Sachs
Goldman Sachs
New York
-$169M
5
AllianceBernstein
AllianceBernstein
Tennessee
-$119M
Name Holding Trade Value Shares
Change 		Change in
Stake
BC
826
Burney Company
Virginia
$2.44M -$118K -481 -5%
MAS
827
Meeder Advisory Services
Ohio
$2.44M -$36.2K -148 -1%
BIC
828
Beach Investment Counsel
Pennsylvania
$2.44M -$244 -1 -0%
TMAM
829
Tokio Marine Asset Management
Japan
$2.43M +$106K +432 +5%
DTC
830
Davidson Trust Company
Washington
$2.42M -$14.4K -59 -0.6%
EARNEST Partners
831
EARNEST Partners
Georgia
$2.42M -$42.8K -175 -2%
DT
832
Diversified Trust
Tennessee
$2.42M +$303K +1,240 +15%
NHT
833
New Hampshire Trust
New Hampshire
$2.41M -$114K -466 -5%
PJSIMP
834
P.J. Schmidt Investment Management (PJS)
Wisconsin
$2.4M – – –
LRPA
835
L. Roy Papp & Associates
Arizona
$2.39M +$10.5K +43 +0.5%
ACM
836
AlphaStar Capital Management
North Carolina
$2.38M +$134K +547 +6%
TAM
837
Tealwood Asset Management
Minnesota
$2.37M +$27.4K +112 +1%
IWC
838
Integrated Wealth Concepts
Massachusetts
$2.36M +$114K +466 +5%
KF
839
KKM Financial
Illinois
$2.36M +$297K +1,215 +15%
ACP
840
Aviance Capital Partners
Florida
$2.35M +$607K +2,485 +36%
CCG
841
Cypress Capital Group
Florida
$2.34M -$37.1K -152 -2%
SLI
842
Sumitomo Life Insurance
Japan
$2.33M -$87K -356 -4%
DWP
843
Daymark Wealth Partners
Ohio
$2.33M -$19.8K -81 -0.9%
PWW
844
Pettyjohn Wood & White
Virginia
$2.33M +$162K +662 +8%
AIMCA
845
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$2.32M – – –
CWM
846
Congress Wealth Management
Massachusetts
$2.32M -$132K -542 -6%
TC
847
Truvestments Capital
Florida
$2.32M +$2M +8,195 +750%
WSTAM
848
Wilbanks Smith & Thomas Asset Management
Virginia
$2.3M +$164K +672 +8%
EHWM
849
Eads & Heald Wealth Management
Georgia
$2.3M -$145K -595 -6%
HW
850
Hancock Whitney
Mississippi
$2.29M +$1.09M +4,473 +95%
32 33
34
35 36

ADP Hedge Fund Activity: Q1 2024 in Review

2,161 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q1 2024, worth a combined $81.8B — up 3.2% from $79.3B a quarter earlier.

Buyers outnumbered sellers: 160 funds opened new ADP positions and 95 closed out — a net gain of 65 holders — while 793 added to existing stakes and 829 trimmed.

The largest buyer was BlueSpruce Investments, opening a new position worth an estimated $358M. The largest seller was Morgan Stanley, cutting an estimated $2.45B.

  • 2,161 institutional investors held Automatic Data Processing (ADP) as of Q1 2024, up from 2,122 in Q4 2023.
  • Funds reported $81.8B of Automatic Data Processing stock for Q1 2024, up 3.2% quarter-over-quarter.
  • 160 funds opened new Automatic Data Processing positions in Q1 2024 and 95 closed out, a net change of +65 holders.
  • The largest Automatic Data Processing buyer in Q1 2024 was BlueSpruce Investments, an estimated $358M added.
  • The largest Automatic Data Processing seller in Q1 2024 was Morgan Stanley, an estimated $2.45B sold.

Based on aggregated 13F filings for Q1 2024.