Automatic Data Processing
ADP
1,044 hedge funds and large institutions have $30.4B invested in Automatic Data Processing in 2014 Q3 according to their latest regulatory filings, with 46 funds opening new positions, 296 increasing their positions, 495 reducing their positions, and 38 closing their positions.
55% more call options, than puts
Call options by funds: $89.4M | Put options by funds: $57.7M
21% more first-time investments, than exits
New positions opened: 46 | Existing positions closed: 38
2% more funds holding in top 10
Funds holding in top 10: 45 → 46 (+1)
3% more capital invested
Capital invested by funds: $29.3B → $30.4B (+$1.03B)
0% more funds holding
Funds holding: 1,043 → 1,044 (+1)
0.63% less ownership
Funds ownership: 66.07% → 65.44% (-0.63%)
40% less repeat investments, than reductions
Existing positions increased: 296 | Existing positions reduced: 495
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAA
Managed Account Advisors
Jersey City,
New Jersey
|
+$97.2M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$47M |
| 3 |
M&T Bank
Buffalo,
New York
|
+$44.6M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
+$40.4M |
| 5 |
Renaissance Technologies
New York
|
+$35.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
-$271M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$138M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$44.2M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$43.2M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$36.9M |
ADP Hedge Fund Activity: Q3 2014 in Review
1,044 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q3 2014, worth a combined $30.4B — up 3.5% from $29.3B a quarter earlier.
Buyers outnumbered sellers: 46 funds opened new ADP positions and 38 closed out — a net gain of 8 holders — while 296 added to existing stakes and 495 trimmed.
The largest buyer was Managed Account Advisors, adding an estimated $97.2M. The largest seller was Norges Bank, cutting an estimated $271M.
- 1,044 institutional investors held Automatic Data Processing (ADP) as of Q3 2014, up from 1,043 in Q2 2014.
- Funds reported $30.4B of Automatic Data Processing stock for Q3 2014, up 3.5% quarter-over-quarter.
- 46 funds opened new Automatic Data Processing positions in Q3 2014 and 38 closed out, a net change of +8 holders.
- The largest Automatic Data Processing buyer in Q3 2014 was Managed Account Advisors, an estimated $97.2M added.
- The largest Automatic Data Processing seller in Q3 2014 was Norges Bank, an estimated $271M sold.
Based on aggregated 13F filings for Q3 2014.