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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
CTB
2126
Country Trust Bank
Illinois
$7.99K +$5.62K +23 +256%
HCP
2127
Hexagon Capital Partners
Arkansas
$7.74K -$13.4K -55 -64%
JFG
2128
JDM Financial Group
Texas
$7.49K – – –
TAM
2129
Tucker Asset Management
Colorado
$7.24K – – –
SCA
2130
Stuart Chaussee & Associates
California
$6.99K – – –
DWA
2131
Delos Wealth Advisors
Texas
$6.99K +$2.44K +10 +56%
GAG
2132
Goodman Advisory Group
Massachusetts
$6.24K – – –
NF
2133
Norwood Financial
Pennsylvania
$6.24K – – –
RWA
2134
Redmont Wealth Advisors
Illinois
$5.99K +$5.86K +24 New
FFA
2135
Frazier Financial Advisors
Ohio
$5.75K +$4.4K +18 +360%
EAM
2136
Eukles Asset Management
Ohio
$5.74K – – –
BCPWM
2137
Bradley & Co Private Wealth Management
Florida
$5.49K – – –
FRA
2138
Frank Rimerman Advisors
California
$5.25K – – –
WCM
2139
Westend Capital Management
California
$5.25K +$5.13K +21 New
FGAM
2140
Financial Gravity Asset Management
Texas
$4.63K -$12.7K -52 -73%
WWM
2141
Wolff Wiese Magana
California
$4.5K – – –
ACA
2142
American Capital Advisory
Idaho
$4.45K – – –
ECM
2143
Everence Capital Management
Indiana
$4.28K – – –
BBPWM
2144
Blue Bell Private Wealth Management
Pennsylvania
$4.25K +$733 +3 +21%
AT
2145
Arlington Trust
Alabama
$4K -$2.44K -10 -38%
TCA
2146
Trifecta Capital Advisors
Illinois
$3.75K – – –
BWAM
2147
Boyd Watterson Asset Management
Ohio
$3.75K – – –
LIM
2148
Longfellow Investment Management
Massachusetts
$3.5K -$387K -1,585 -99%
TWD
2149
True Wealth Design
Ohio
$3.25K +$1.47K +6 +86%
WAS
2150
Winch Advisory Services
Wisconsin
$2.85K – – –
84 85
86
87 88

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.