Automatic Data Processing
ADP
1,565 hedge funds and large institutions have $48.5B invested in Automatic Data Processing in 2020 Q3 according to their latest regulatory filings, with 103 funds opening new positions, 521 increasing their positions, 643 reducing their positions, and 115 closing their positions.
4% more capital inflows, than outflows
Capital inflows: $3.48B | Capital outflows: $3.35B
0.19% more ownership
Funds ownership: 80.68% → 80.87% (+0.19%)
2% less funds holding
Funds holding: 1,596 → 1,565 (-31)
10% less first-time investments, than exits
New positions opened: 103 | Existing positions closed: 115
11% less call options, than puts
Call options by funds: $213M | Put options by funds: $239M
19% less repeat investments, than reductions
Existing positions increased: 521 | Existing positions reduced: 643
36% less funds holding in top 10
Funds holding in top 10: 58 → 37 (-21)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Harris Associates
Chicago,
Illinois
|
+$287M |
| 2 |
Morgan Stanley
New York
|
+$281M |
| 3 |
Bank of New York Mellon
New York
|
+$269M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$219M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$155M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Polen Capital Management
Boca Raton,
Florida
|
-$795M |
| 2 |
JP Morgan Chase
New York
|
-$415M |
| 3 |
Nordea Investment Management
Stockholm,
Sweden
|
-$209M |
| 4 |
BlackRock
New York
|
-$167M |
| 5 |
BlueSpruce Investments
Chicago,
Illinois
|
-$85.7M |
ADP Hedge Fund Activity: Q3 2020 in Review
1,565 of the 4,972 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q3 2020, worth a combined $48.5B — down 6.1% from $51.6B a quarter earlier.
Sellers outnumbered buyers: 115 funds closed out of ADP and 103 opened new positions — a net loss of 12 holders — while 643 trimmed existing stakes and 521 added.
The largest buyer was Harris Associates, adding an estimated $287M. The largest seller was Polen Capital Management, cutting an estimated $795M.
- 1,565 institutional investors held Automatic Data Processing (ADP) as of Q3 2020, down from 1,596 in Q2 2020.
- Funds reported $48.5B of Automatic Data Processing stock for Q3 2020, down 6.1% quarter-over-quarter.
- 103 funds opened new Automatic Data Processing positions in Q3 2020 and 115 closed out, a net change of -12 holders.
- The largest Automatic Data Processing buyer in Q3 2020 was Harris Associates, an estimated $287M added.
- The largest Automatic Data Processing seller in Q3 2020 was Polen Capital Management, an estimated $795M sold.
Based on aggregated 13F filings for Q3 2020.