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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
1,966
Holders Change
-90
Holders Change %
-4.38%
% of All Funds
31.33%
Holding in Top 10
83
Holding in Top 10 Change
-14
Holding in Top 10 Change %
-14.43%
% of All Funds
1.32%
New
113
Increased
656
Reduced
829
Closed
160
Calls
$381M
Puts
$418M
Net Calls
-$37.4M
Net Calls Change
+$236M

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$358M
2
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$308M
3
Renaissance Technologies
Renaissance Technologies
New York
+$208M
4
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$168M
5
Amundi
Amundi
France
+$164M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$1.17B
2
Capital World Investors
Capital World Investors
California
-$622M
3
BlackRock
BlackRock
New York
-$209M
4
Man Group
Man Group
United Kingdom
-$159M
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$127M
Name Holding Trade Value Shares
Change 		Change in
Stake
LIM
1951
Longfellow Investment Management
Massachusetts
$3.12K – – –
MCM
1952
Magnolia Capital Management
New York
$3K – – –
TAIM
1953
TD Ameritrade Investment Management
Nebraska
$3K +$3.38K +15 New
KIG
1954
Kessler Investment Group
Indiana
$2.45K +$2.48K +11 New
2L
1955
25 LLC
Missouri
$2.2K +$2.26K +10 New
WAS
1956
Winch Advisory Services
Wisconsin
$2K – – –
IHWM
1957
Iron Horse Wealth Management
Iowa
$1.78K +$1.8K +8 New
FWM
1958
Focused Wealth Management
New York
$1.61K – – –
TWD
1959
True Wealth Design
Ohio
$1.56K – – –
BBPWM
1960
Blue Bell Private Wealth Management
Pennsylvania
$1.34K – – –
PA
1961
PSI Advisors
Florida
$1.34K – – –
BWA
1962
BDO Wealth Advisors
Florida
$1.11K – – –
SOW
1963
State of Wyoming
Wyoming
$668 -$73.8K -327 -99%
CAM
1964
Costello Asset Management
Pennsylvania
$668 – – –
DF
1965
DecisionPoint Financial
Arizona
$446 – – –
FGAM
1966
Financial Gravity Asset Management
Texas
$404 -$3.61K -16 -7%
TCM
1967
TD Capital Management
Tennessee
$31 -$6.09K -27 Closed
Capital World Investors
1968
Capital World Investors
California
– -$622M -2,602,390 Closed
Janney Montgomery Scott
1969
Janney Montgomery Scott
Pennsylvania
– -$54.2M -226,868 Closed
N
1970
Natixis
France
– -$48.2M -201,853 Closed
TC
1971
TwinBeech Capital
New York
– -$41.5M -173,563 Closed
Holocene Advisors
1972
Holocene Advisors
New York
– -$37.8M -158,141 Closed
Jacobs Levy Equity Management
1973
Jacobs Levy Equity Management
New Jersey
– -$32.6M -136,630 Closed
Walleye Trading
1974
Walleye Trading
New York
– -$16.9M -75,072 Closed
BA
1975
Bridgewater Associates
Connecticut
– -$16.8M -70,534 Closed
77 78
79
80 81

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.