Automatic Data Processing
ADP
1,472 hedge funds and large institutions have $46B invested in Automatic Data Processing in 2018 Q4 according to their latest regulatory filings, with 178 funds opening new positions, 425 increasing their positions, 599 reducing their positions, and 112 closing their positions.
59% more first-time investments, than exits
New positions opened: 178 | Existing positions closed: 112
55% more call options, than puts
Call options by funds: $904M | Put options by funds: $582M
4% more funds holding
Funds holding: 1,417 → 1,472 (+55)
1.17% more ownership
Funds ownership: 79.3% → 80.47% (+1.2%)
12% less capital invested
Capital invested by funds: $52.4B → $46B (-$6.37B)
16% less funds holding in top 10
Funds holding in top 10: 91 → 76 (-15)
29% less repeat investments, than reductions
Existing positions increased: 425 | Existing positions reduced: 599
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$224M |
| 2 |
GQG Partners
Ft. Lauderdale,
Florida
|
+$153M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$112M |
| 4 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$103M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$96.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$256M |
| 2 |
Harris Associates
Chicago,
Illinois
|
-$210M |
| 3 |
Millennium Management
New York
|
-$152M |
| 4 |
GIM
Generation Investment Management
London,
United Kingdom
|
-$104M |
| 5 |
Two Sigma Investments
New York
|
-$103M |
ADP Hedge Fund Activity: Q4 2018 in Review
1,472 of the 4,489 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q4 2018, worth a combined $46B — down 12% from $52.4B a quarter earlier.
Buyers outnumbered sellers: 178 funds opened new ADP positions and 112 closed out — a net gain of 66 holders — while 425 added to existing stakes and 599 trimmed.
The largest buyer was BlackRock, adding an estimated $224M. The largest seller was Arrowstreet Capital, cutting an estimated $256M.
- 1,472 institutional investors held Automatic Data Processing (ADP) as of Q4 2018, up from 1,417 in Q3 2018.
- Funds reported $46B of Automatic Data Processing stock for Q4 2018, down 12% quarter-over-quarter.
- 178 funds opened new Automatic Data Processing positions in Q4 2018 and 112 closed out, a net change of +66 holders.
- The largest Automatic Data Processing buyer in Q4 2018 was BlackRock, an estimated $224M added.
- The largest Automatic Data Processing seller in Q4 2018 was Arrowstreet Capital, an estimated $256M sold.
Based on aggregated 13F filings for Q4 2018.