Automatic Data Processing
ADP
1,393 hedge funds and large institutions have $47.2B invested in Automatic Data Processing in 2018 Q2 according to their latest regulatory filings, with 137 funds opening new positions, 417 increasing their positions, 582 reducing their positions, and 71 closing their positions.
93% more first-time investments, than exits
New positions opened: 137 | Existing positions closed: 71
45% more funds holding in top 10
Funds holding in top 10: 58 → 84 (+26)
27% more call options, than puts
Call options by funds: $470M | Put options by funds: $370M
19% more capital invested
Capital invested by funds: $39.8B → $47.2B (+$7.44B)
4% more funds holding
Funds holding: 1,339 → 1,393 (+54)
0.84% more ownership
Funds ownership: 79.06% → 79.9% (+0.84%)
28% less repeat investments, than reductions
Existing positions increased: 417 | Existing positions reduced: 582
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$216M |
| 2 |
SIG
Senator Investment Group
New York
|
+$165M |
| 3 |
Two Sigma Advisers
New York
|
+$152M |
| 4 |
JG
Jefferies Group
New York
|
+$147M |
| 5 |
Two Sigma Investments
New York
|
+$127M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PSCM
Pershing Square Capital Management
New York
|
-$471M |
| 2 |
Citigroup
New York
|
-$357M |
| 3 |
HT
HAP Trading
New York
|
-$228M |
| 4 |
SHCM
Sachem Head Capital Management
New York
|
-$184M |
| 5 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$157M |
ADP Hedge Fund Activity: Q2 2018 in Review
1,393 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q2 2018, worth a combined $47.2B — up 19% from $39.8B a quarter earlier.
Buyers outnumbered sellers: 137 funds opened new ADP positions and 71 closed out — a net gain of 66 holders — while 417 added to existing stakes and 582 trimmed.
The largest buyer was Millennium Management, adding an estimated $216M. The largest seller was Pershing Square Capital Management, cutting an estimated $471M.
- 1,393 institutional investors held Automatic Data Processing (ADP) as of Q2 2018, up from 1,339 in Q1 2018.
- Funds reported $47.2B of Automatic Data Processing stock for Q2 2018, up 19% quarter-over-quarter.
- 137 funds opened new Automatic Data Processing positions in Q2 2018 and 71 closed out, a net change of +66 holders.
- The largest Automatic Data Processing buyer in Q2 2018 was Millennium Management, an estimated $216M added.
- The largest Automatic Data Processing seller in Q2 2018 was Pershing Square Capital Management, an estimated $471M sold.
Based on aggregated 13F filings for Q2 2018.