Automatic Data Processing
ADP
1,522 hedge funds and large institutions have $56.4B invested in Automatic Data Processing in 2019 Q1 according to their latest regulatory filings, with 145 funds opening new positions, 504 increasing their positions, 602 reducing their positions, and 83 closing their positions.
75% more first-time investments, than exits
New positions opened: 145 | Existing positions closed: 83
26% more funds holding in top 10
Funds holding in top 10: 76 → 96 (+20)
22% more capital invested
Capital invested by funds: $46.3B → $56.4B (+$10.1B)
3% more funds holding
Funds holding: 1,472 → 1,522 (+50)
0.61% more ownership
Funds ownership: 80.47% → 81.07% (+0.61%)
3% less call options, than puts
Call options by funds: $591M | Put options by funds: $609M
16% less repeat investments, than reductions
Existing positions increased: 504 | Existing positions reduced: 602
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$320M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$188M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$137M |
| 4 |
UBS AM
Chicago,
Illinois
|
+$132M |
| 5 |
State Street
Boston,
Massachusetts
|
+$125M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Polen Capital Management
Boca Raton,
Florida
|
-$186M |
| 2 |
Charles Schwab
San Francisco,
California
|
-$164M |
| 3 |
D.E. Shaw & Co
New York
|
-$159M |
| 4 |
SIG
Senator Investment Group
New York
|
-$131M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
-$92.6M |
ADP Hedge Fund Activity: Q1 2019 in Review
1,522 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q1 2019, worth a combined $56.4B — up 22% from $46.3B a quarter earlier.
Buyers outnumbered sellers: 145 funds opened new ADP positions and 83 closed out — a net gain of 62 holders — while 504 added to existing stakes and 602 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $320M. The largest seller was Polen Capital Management, cutting an estimated $186M.
- 1,522 institutional investors held Automatic Data Processing (ADP) as of Q1 2019, up from 1,472 in Q4 2018.
- Funds reported $56.4B of Automatic Data Processing stock for Q1 2019, up 22% quarter-over-quarter.
- 145 funds opened new Automatic Data Processing positions in Q1 2019 and 83 closed out, a net change of +62 holders.
- The largest Automatic Data Processing buyer in Q1 2019 was JP Morgan Chase, an estimated $320M added.
- The largest Automatic Data Processing seller in Q1 2019 was Polen Capital Management, an estimated $186M sold.
Based on aggregated 13F filings for Q1 2019.