Automatic Data Processing
ADP
1,966 hedge funds and large institutions have $73.6B invested in Automatic Data Processing in 2023 Q1 according to their latest regulatory filings, with 113 funds opening new positions, 656 increasing their positions, 829 reducing their positions, and 160 closing their positions.
9% less call options, than puts
Call options by funds: $381M | Put options by funds: $418M
1.04% less ownership
Funds ownership: 80.96% → 79.92% (-1%)
4% less funds holding
Funds holding: 2,056 → 1,966 (-90)
10% less capital invested
Capital invested by funds: $81.6B → $73.6B (-$8.01B)
14% less funds holding in top 10
Funds holding in top 10: 97 → 83 (-14)
21% less repeat investments, than reductions
Existing positions increased: 656 | Existing positions reduced: 829
29% less first-time investments, than exits
New positions opened: 113 | Existing positions closed: 160
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$358M |
| 2 |
D.E. Shaw & Co
New York
|
+$308M |
| 3 |
Renaissance Technologies
New York
|
+$208M |
| 4 |
Janus Henderson Group
London,
United Kingdom
|
+$168M |
| 5 |
Amundi
Paris,
France
|
+$164M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$1.17B |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$622M |
| 3 |
BlackRock
New York
|
-$209M |
| 4 |
Man Group
London,
United Kingdom
|
-$159M |
| 5 |
Bank of New York Mellon
New York
|
-$127M |
ADP Hedge Fund Activity: Q1 2023 in Review
1,966 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q1 2023, worth a combined $73.6B — down 9.8% from $81.6B a quarter earlier.
Sellers outnumbered buyers: 160 funds closed out of ADP and 113 opened new positions — a net loss of 47 holders — while 829 trimmed existing stakes and 656 added.
The largest buyer was Bank of America, adding an estimated $358M. The largest seller was JP Morgan Chase, cutting an estimated $1.17B.
- 1,966 institutional investors held Automatic Data Processing (ADP) as of Q1 2023, down from 2,056 in Q4 2022.
- Funds reported $73.6B of Automatic Data Processing stock for Q1 2023, down 9.8% quarter-over-quarter.
- 113 funds opened new Automatic Data Processing positions in Q1 2023 and 160 closed out, a net change of -47 holders.
- The largest Automatic Data Processing buyer in Q1 2023 was Bank of America, an estimated $358M added.
- The largest Automatic Data Processing seller in Q1 2023 was JP Morgan Chase, an estimated $1.17B sold.
Based on aggregated 13F filings for Q1 2023.