Automatic Data Processing
ADP
1,416 hedge funds and large institutions have $52.4B invested in Automatic Data Processing in 2018 Q3 according to their latest regulatory filings, with 116 funds opening new positions, 397 increasing their positions, 620 reducing their positions, and 82 closing their positions.
41% more first-time investments, than exits
New positions opened: 116 | Existing positions closed: 82
11% more capital invested
Capital invested by funds: $47.2B → $52.4B (+$5.2B)
8% more funds holding in top 10
Funds holding in top 10: 84 → 91 (+7)
2% more funds holding
Funds holding: 1,393 → 1,416 (+23)
0.62% less ownership
Funds ownership: 79.9% → 79.28% (-0.62%)
8% less call options, than puts
Call options by funds: $624M | Put options by funds: $677M
36% less repeat investments, than reductions
Existing positions increased: 397 | Existing positions reduced: 620
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$825M |
| 2 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$166M |
| 3 |
Renaissance Technologies
New York
|
+$147M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$122M |
| 5 |
State Street
Boston,
Massachusetts
|
+$119M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$840M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$173M |
| 3 |
JG
Jefferies Group
New York
|
-$169M |
| 4 |
First Eagle Investment Management
New York
|
-$131M |
| 5 |
Millennium Management
New York
|
-$131M |
ADP Hedge Fund Activity: Q3 2018 in Review
1,416 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q3 2018, worth a combined $52.4B — up 11% from $47.2B a quarter earlier.
Buyers outnumbered sellers: 116 funds opened new ADP positions and 82 closed out — a net gain of 34 holders — while 397 added to existing stakes and 620 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $825M. The largest seller was Bank of America, cutting an estimated $840M.
- 1,416 institutional investors held Automatic Data Processing (ADP) as of Q3 2018, up from 1,393 in Q2 2018.
- Funds reported $52.4B of Automatic Data Processing stock for Q3 2018, up 11% quarter-over-quarter.
- 116 funds opened new Automatic Data Processing positions in Q3 2018 and 82 closed out, a net change of +34 holders.
- The largest Automatic Data Processing buyer in Q3 2018 was JP Morgan Chase, an estimated $825M added.
- The largest Automatic Data Processing seller in Q3 2018 was Bank of America, an estimated $840M sold.
Based on aggregated 13F filings for Q3 2018.