Automatic Data Processing
ADP
2,122 hedge funds and large institutions have $79.3B invested in Automatic Data Processing in 2023 Q4 according to their latest regulatory filings, with 236 funds opening new positions, 709 increasing their positions, 825 reducing their positions, and 108 closing their positions.
119% more first-time investments, than exits
New positions opened: 236 | Existing positions closed: 108
5% more funds holding
Funds holding: 2,023 → 2,122 (+99)
3.16% more ownership
Funds ownership: 79.56% → 82.72% (+3.2%)
0% more capital invested
Capital invested by funds: $79B → $79.3B (+$316M)
2% less call options, than puts
Call options by funds: $574M | Put options by funds: $589M
14% less repeat investments, than reductions
Existing positions increased: 709 | Existing positions reduced: 825
22% less funds holding in top 10
Funds holding in top 10: 90 → 70 (-20)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$2.51B |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$151M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$148M |
| 4 |
Barclays
London,
United Kingdom
|
+$141M |
| 5 |
Man Group
London,
United Kingdom
|
+$119M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$271M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$267M |
| 3 |
Millennium Management
New York
|
-$197M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$182M |
| 5 |
Renaissance Technologies
New York
|
-$96.7M |
ADP Hedge Fund Activity: Q4 2023 in Review
2,122 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q4 2023, worth a combined $79.3B — up 0.4% from $79B a quarter earlier.
Buyers outnumbered sellers: 236 funds opened new ADP positions and 108 closed out — a net gain of 128 holders — while 709 added to existing stakes and 825 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $2.51B. The largest seller was Citadel Advisors, cutting an estimated $271M.
- 2,122 institutional investors held Automatic Data Processing (ADP) as of Q4 2023, up from 2,023 in Q3 2023.
- Funds reported $79.3B of Automatic Data Processing stock for Q4 2023, up 0.4% quarter-over-quarter.
- 236 funds opened new Automatic Data Processing positions in Q4 2023 and 108 closed out, a net change of +128 holders.
- The largest Automatic Data Processing buyer in Q4 2023 was Morgan Stanley, an estimated $2.51B added.
- The largest Automatic Data Processing seller in Q4 2023 was Citadel Advisors, an estimated $271M sold.
Based on aggregated 13F filings for Q4 2023.