Automatic Data Processing
ADP
1,192 hedge funds and large institutions have $37.4B invested in Automatic Data Processing in 2017 Q2 according to their latest regulatory filings, with 57 funds opening new positions, 400 increasing their positions, 508 reducing their positions, and 65 closing their positions.
2.42% more ownership
Funds ownership: 79.2% → 81.62% (+2.4%)
3% more capital invested
Capital invested by funds: $36.4B → $37.4B (+$1.06B)
1% less funds holding
Funds holding: 1,210 → 1,192 (-18)
5% less funds holding in top 10
Funds holding in top 10: 62 → 59 (-3)
12% less first-time investments, than exits
New positions opened: 57 | Existing positions closed: 65
21% less repeat investments, than reductions
Existing positions increased: 400 | Existing positions reduced: 508
79% less call options, than puts
Call options by funds: $108M | Put options by funds: $522M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
+$1.5B |
| 2 |
Janus Henderson Group
London,
|
+$400M |
| 3 |
PSCM
Pershing Square Capital Management
New York
|
+$177M |
| 4 |
Fundsmith LLP
London,
United Kingdom
|
+$118M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$110M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$174M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$173M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$170M |
| 4 |
TCIM
TIAA CREF Investment Management
New York
|
-$117M |
| 5 |
ClearBridge Investments
New York
|
-$111M |
ADP Hedge Fund Activity: Q2 2017 in Review
1,192 of the 4,022 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q2 2017, worth a combined $37.4B — up 2.9% from $36.4B a quarter earlier.
Sellers outnumbered buyers: 65 funds closed out of ADP and 57 opened new positions — a net loss of 8 holders — while 508 trimmed existing stakes and 400 added.
The largest buyer was Nomura Holdings, adding an estimated $1.5B. The largest seller was Capital International Investors, cutting an estimated $174M.
- 1,192 institutional investors held Automatic Data Processing (ADP) as of Q2 2017, down from 1,210 in Q1 2017.
- Funds reported $37.4B of Automatic Data Processing stock for Q2 2017, up 2.9% quarter-over-quarter.
- 57 funds opened new Automatic Data Processing positions in Q2 2017 and 65 closed out, a net change of -8 holders.
- The largest Automatic Data Processing buyer in Q2 2017 was Nomura Holdings, an estimated $1.5B added.
- The largest Automatic Data Processing seller in Q2 2017 was Capital International Investors, an estimated $174M sold.
Based on aggregated 13F filings for Q2 2017.