Automatic Data Processing
ADP
1,983 hedge funds and large institutions have $72.7B invested in Automatic Data Processing in 2023 Q2 according to their latest regulatory filings, with 128 funds opening new positions, 682 increasing their positions, 786 reducing their positions, and 97 closing their positions.
32% more first-time investments, than exits
New positions opened: 128 | Existing positions closed: 97
1% more funds holding
Funds holding: 1,966 → 1,983 (+17)
0.3% more ownership
Funds ownership: 79.92% → 80.22% (+0.3%)
1% less capital invested
Capital invested by funds: $73.6B → $72.7B (-$930M)
5% less call options, than puts
Call options by funds: $391M | Put options by funds: $413M
10% less funds holding in top 10
Funds holding in top 10: 83 → 75 (-8)
13% less repeat investments, than reductions
Existing positions increased: 682 | Existing positions reduced: 786
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VAM
Veritas Asset Management
London,
United Kingdom
|
+$368M |
| 2 |
Holocene Advisors
New York
|
+$176M |
| 3 |
Truist Financial
Charlotte,
North Carolina
|
+$158M |
| 4 |
BCF
BLS Capital Fondsmaeglerselskab
Klampenborg,
Denmark
|
+$142M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
+$109M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$632M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$351M |
| 3 |
Amundi
Paris,
France
|
-$190M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$111M |
| 5 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$108M |
ADP Hedge Fund Activity: Q2 2023 in Review
1,983 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Automatic Data Processing (ADP) for Q2 2023, worth a combined $72.7B — down 1.3% from $73.6B a quarter earlier.
Buyers outnumbered sellers: 128 funds opened new ADP positions and 97 closed out — a net gain of 31 holders — while 682 added to existing stakes and 786 trimmed.
The largest buyer was Veritas Asset Management, opening a new position worth an estimated $368M. The largest seller was Bank of America, cutting an estimated $632M.
- 1,983 institutional investors held Automatic Data Processing (ADP) as of Q2 2023, up from 1,966 in Q1 2023.
- Funds reported $72.7B of Automatic Data Processing stock for Q2 2023, down 1.3% quarter-over-quarter.
- 128 funds opened new Automatic Data Processing positions in Q2 2023 and 97 closed out, a net change of +31 holders.
- The largest Automatic Data Processing buyer in Q2 2023 was Veritas Asset Management, an estimated $368M added.
- The largest Automatic Data Processing seller in Q2 2023 was Bank of America, an estimated $632M sold.
Based on aggregated 13F filings for Q2 2023.