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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
FAG
1726
Financial Advisory Group
Texas
$299K – – –
AOWM
1727
Alpha Omega Wealth Management
Virginia
$298K -$2.93K -12 -1%
PF
1728
Phoenix Financial
Israel
$298K +$15.4K +63 +6%
SFG
1729
Sunburst Financial Group
Alabama
$297K -$2.44K -10 -0.8%
AWM
1730
Austin Wealth Management
Texas
$295K -$4.89K -20 -2%
CB
1731
Centennial Bank
Arkansas
$294K -$4.89K -20 -2%
VCP
1732
Verus Capital Partners
Arizona
$293K +$19.1K +78 +7%
DWAM
1733
Duncan Williams Asset Management
Tennessee
$292K +$285K +1,168 New
BAM
1734
Byrne Asset Management
New Jersey
$292K -$304K -1,245 Closed
SCM
1735
Stonehearth Capital Management
Massachusetts
$291K – – –
CFS
1736
CRA Financial Services
New Jersey
$290K -$2.2K -9 -0.8%
MS
1737
Maven Securities
Jersey
$290K +$284K +1,163 New
SSI
1738
Scott & Selber Inc
Texas
$290K – – –
CFGSD
1739
Compass Financial Group (South Dakota)
South Dakota
$290K – – –
GWANC
1740
Guardian Wealth Advisors (North Carolina)
North Carolina
$289K +$18.6K +76 +7%
CFS
1741
Commonwealth Financial Services
West Virginia
$289K – – –
GWM
1742
Gitterman Wealth Management
New Jersey
$288K +$6.11K +25 +2%
LI
1743
LRI Investments
Florida
$287K +$281K +1,150 New
LGWM
1744
Litman Gregory Wealth Management
California
$285K +$279K +1,142 New
TAM
1745
Trillium Asset Management
Massachusetts
$285K -$11.5K -47 -4%
AC
1746
Asio Capital
Kentucky
$285K – – –
CAM
1747
Cidel Asset Management
Ontario, Canada
$284K – – –
NFGCM
1748
Norman Fields Gottscho Capital Management
New York
$284K – – –
PCA
1749
Peddock Capital Advisors
Massachusetts
$284K – – –
SAM
1750
Summit Asset Management
Tennessee
$284K – – –
68 69
70
71 72

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.