Automatic Data Processing
ADP
1,573 hedge funds and large institutions have $47.6B invested in Automatic Data Processing in 2020 Q1 according to their latest regulatory filings, with 107 funds opening new positions, 510 increasing their positions, 699 reducing their positions, and 197 closing their positions.
0.37% more ownership
Funds ownership: 80.4% → 80.76% (+0.37%)
7% less funds holding
Funds holding: 1,687 → 1,573 (-114)
11% less funds holding in top 10
Funds holding in top 10: 81 → 72 (-9)
20% less capital invested
Capital invested by funds: $59.3B → $47.6B (-$11.7B)
27% less repeat investments, than reductions
Existing positions increased: 510 | Existing positions reduced: 699
35% less call options, than puts
Call options by funds: $201M | Put options by funds: $311M
46% less first-time investments, than exits
New positions opened: 107 | Existing positions closed: 197
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$326M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$236M |
| 3 |
JIM
Jensen Investment Management
Lake Oswego,
Oregon
|
+$206M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$194M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$158M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$337M |
| 2 |
GIM
Generation Investment Management
London,
United Kingdom
|
-$243M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$190M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$175M |
| 5 |
GQG Partners
Ft. Lauderdale,
Florida
|
-$173M |
ADP Hedge Fund Activity: Q1 2020 in Review
1,573 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q1 2020, worth a combined $47.6B — down 20% from $59.3B a quarter earlier.
Sellers outnumbered buyers: 197 funds closed out of ADP and 107 opened new positions — a net loss of 90 holders — while 699 trimmed existing stakes and 510 added.
The largest buyer was AllianceBernstein, adding an estimated $326M. The largest seller was Arrowstreet Capital, cutting an estimated $337M.
- 1,573 institutional investors held Automatic Data Processing (ADP) as of Q1 2020, down from 1,687 in Q4 2019.
- Funds reported $47.6B of Automatic Data Processing stock for Q1 2020, down 20% quarter-over-quarter.
- 107 funds opened new Automatic Data Processing positions in Q1 2020 and 197 closed out, a net change of -90 holders.
- The largest Automatic Data Processing buyer in Q1 2020 was AllianceBernstein, an estimated $326M added.
- The largest Automatic Data Processing seller in Q1 2020 was Arrowstreet Capital, an estimated $337M sold.
Based on aggregated 13F filings for Q1 2020.