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Automatic Data Processing

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 138 funds opening new positions, 416 increasing their positions, 583 reducing their positions, and 71 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more first-time investments, than exits

New positions opened: 138 | Existing positions closed: 71

45% more funds holding in top 10

Funds holding in top 10: 5884 (+26)

34% more call options, than puts

Call options by funds: $469M | Put options by funds: $351M

19% more capital invested

Capital invested by funds: $39.7B → $47.2B (+$7.49B)

4% more funds holding

Funds holding: 1,3381,393 (+55)

0.8% more ownership

Funds ownership: 79.12%79.93% (+0.8%)

29% less repeat investments, than reductions

Existing positions increased: 416 | Existing positions reduced: 583

Holders
1,393
Holders Change
+55
Holders Change %
+4.11%
% of All Funds
31.89%
Holding in Top 10
84
Holding in Top 10 Change
+26
Holding in Top 10 Change %
+44.83%
% of All Funds
1.92%
New
138
Increased
416
Reduced
583
Closed
71
Calls
$469M
Puts
$351M
Net Calls
+$118M
Net Calls Change
-$208M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$4.9B +$71.5M +563,892 +2%
BlackRock
2
BlackRock
New York
$3.94B +$52M +410,257 +1%
Bank of America
3
Bank of America
North Carolina
$3.3B +$103M +815,879 +3%
State Street
4
State Street
Massachusetts
$2.43B -$64.3M -507,450 -3%
Bank of New York Mellon
5
Bank of New York Mellon
New York
$1.27B -$106M -839,311 -8%
Wells Fargo
6
Wells Fargo
California
$1.24B -$6.47M -51,013 -0.6%
Morgan Stanley
7
Morgan Stanley
New York
$1.03B +$102M +801,928 +12%
Invesco
8
Invesco
Georgia
$1.01B +$47.2M +372,066 +5%
Polen Capital Management
9
Polen Capital Management
Florida
$959M +$10.7M +84,493 +1%
Northern Trust
10
Northern Trust
Illinois
$868M -$10.9M -86,313 -1%
Fundsmith LLP
11
Fundsmith LLP
United Kingdom
$776M +$1.08M +8,507 +0.1%
FEF
12
Fundsmith Equity Fund
Connecticut
$776M +$733M +5,786,490 New
Geode Capital Management
13
Geode Capital Management
Massachusetts
$745M +$17.2M +136,061 +3%
AllianceBernstein
14
AllianceBernstein
Tennessee
$733M -$374K -2,949 -0.1%
Wellington Management Group
15
Wellington Management Group
Massachusetts
$654M -$56M -442,142 -8%
Royal Bank of Canada
16
Royal Bank of Canada
Ontario, Canada
$650M -$141M -1,113,106 -19%
GIM
17
Generation Investment Management
United Kingdom
$567M +$65.9M +520,311 +14%
PSCM
18
Pershing Square Capital Management
New York
$567M -$471M -3,716,592 -47%
State Farm Mutual Automobile Insurance
19
State Farm Mutual Automobile Insurance
Illinois
$556M
Norges Bank
20
Norges Bank
Norway
$530M +$32.6M +257,458 +7%
Harris Associates
21
Harris Associates
Illinois
$470M -$478K -3,770 -0.1%
CRC
22
Cedar Rock Capital
United Kingdom
$470M -$37.6M -296,505 -8%
Arrowstreet Capital
23
Arrowstreet Capital
Massachusetts
$453M -$5.86M -46,239 -1%
JP Morgan Chase
24
JP Morgan Chase
New York
$377M +$20M +157,663 +6%
Charles Schwab
25
Charles Schwab
California
$375M +$8.33M +65,759 +2%

ADP Hedge Fund Activity: Q2 2018 in Review

1,393 of the 4,368 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 $39.7B a quarter earlier.

Buyers outnumbered sellers: 138 funds opened new ADP positions and 71 closed out — a net gain of 67 holders — while 416 added to existing stakes and 583 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 1,338 in Q1 2018.
  • Funds reported $47.2B of Automatic Data Processing stock for Q2 2018, up 19% quarter-over-quarter.
  • 138 funds opened new Automatic Data Processing positions in Q2 2018 and 71 closed out, a net change of +67 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.