Automatic Data Processing
ADP
1,063 hedge funds and large institutions have $29.6B invested in Automatic Data Processing in 2013 Q4 according to their latest regulatory filings, with 117 funds opening new positions, 313 increasing their positions, 441 reducing their positions, and 50 closing their positions.
134% more first-time investments, than exits
New positions opened: 117 | Existing positions closed: 50
19% more funds holding in top 10
Funds holding in top 10: 54 → 64 (+10)
12% more capital invested
Capital invested by funds: $26.5B → $29.6B (+$3.08B)
5% more funds holding
Funds holding: 1,009 → 1,063 (+54)
9% more call options, than puts
Call options by funds: $115M | Put options by funds: $106M
0.05% less ownership
Funds ownership: 65.41% → 65.36% (-0.05%)
29% less repeat investments, than reductions
Existing positions increased: 313 | Existing positions reduced: 441
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$281M |
| 2 |
AIG
American International Group
New York
|
+$257M |
| 3 |
JHIU
Janus Henderson Investors US
Denver,
Colorado
|
+$142M |
| 4 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$50.9M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$48.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$375M |
| 2 |
Neuberger Berman Group
New York
|
-$82.5M |
| 3 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
-$75.9M |
| 4 |
Capital Research Global Investors
Los Angeles,
California
|
-$56.5M |
| 5 |
Schroder Investment Management Group
London,
United Kingdom
|
-$56.1M |
ADP Hedge Fund Activity: Q4 2013 in Review
1,063 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q4 2013, worth a combined $29.6B — up 12% from $26.5B a quarter earlier.
Buyers outnumbered sellers: 117 funds opened new ADP positions and 50 closed out — a net gain of 67 holders — while 313 added to existing stakes and 441 trimmed.
The largest buyer was Bank of America, adding an estimated $281M. The largest seller was Wellington Management Group, cutting an estimated $375M.
- 1,063 institutional investors held Automatic Data Processing (ADP) as of Q4 2013, up from 1,009 in Q3 2013.
- Funds reported $29.6B of Automatic Data Processing stock for Q4 2013, up 12% quarter-over-quarter.
- 117 funds opened new Automatic Data Processing positions in Q4 2013 and 50 closed out, a net change of +67 holders.
- The largest Automatic Data Processing buyer in Q4 2013 was Bank of America, an estimated $281M added.
- The largest Automatic Data Processing seller in Q4 2013 was Wellington Management Group, an estimated $375M sold.
Based on aggregated 13F filings for Q4 2013.