Automatic Data Processing
1,687 hedge funds and large institutions have $59.3B invested in Automatic Data Processing in 2019 Q4 according to their latest regulatory filings, with 238 funds opening new positions, 532 increasing their positions, 598 reducing their positions, and 66 closing their positions.
261% more first-time investments, than exits
New positions opened: 238 | Existing positions closed: 66
10% more funds holding
Funds holding: 1,538 → 1,687 (+149)
8% more funds holding in top 10
Funds holding in top 10: 75 → 81 (+6)
5% more capital invested
Capital invested by funds: $56.7B → $59.3B (+$2.62B)
0.68% less ownership
Funds ownership: 81.08% → 80.4% (-0.68%)
11% less repeat investments, than reductions
Existing positions increased: 532 | Existing positions reduced: 598
34% less call options, than puts
Call options by funds: $260M | Put options by funds: $396M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$351M |
| 2 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$262M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$188M |
| 4 |
Goldman Sachs
New York
|
+$140M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
+$99.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$657M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$171M |
| 3 |
Citigroup
New York
|
-$130M |
| 4 |
GIM
Generation Investment Management
London,
United Kingdom
|
-$125M |
| 5 |
Renaissance Technologies
New York
|
-$123M |
ADP Hedge Fund Activity: Q4 2019 in Review
1,687 of the 5,075 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q4 2019, worth a combined $59.3B — up 4.6% from $56.7B a quarter earlier.
Buyers outnumbered sellers: 238 funds opened new ADP positions and 66 closed out — a net gain of 172 holders — while 532 added to existing stakes and 598 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $351M. The largest seller was Invesco, cutting an estimated $657M.
- 1,687 institutional investors held Automatic Data Processing (ADP) as of Q4 2019, up from 1,538 in Q3 2019.
- Funds reported $59.3B of Automatic Data Processing stock for Q4 2019, up 4.6% quarter-over-quarter.
- 238 funds opened new Automatic Data Processing positions in Q4 2019 and 66 closed out, a net change of +172 holders.
- The largest Automatic Data Processing buyer in Q4 2019 was Morgan Stanley, an estimated $351M added.
- The largest Automatic Data Processing seller in Q4 2019 was Invesco, an estimated $657M sold.
Based on aggregated 13F filings for Q4 2019.