Automatic Data Processing, Inc.

ADP • NASDAQ

Automatic Data Processing, Inc. is a staffing & employment services company in the industrials sector on NASDAQ, led by Carlos A. Rodriguez, with a market cap of $104.91B. As of Q3 2025, 81% of shares are held by 2,319 institutional investors, with VANGUARD GROUP INC as the largest holder at 10.29%.

President and Chief Executive OfficerCarlos A. Rodriguez

Market Cap$104.91B

Staffing & Employment Services

Industrials

Employees63.0K

Websiteadp.com

Country

United States of America

Overview

Overview of institutional ownership in ADP as of Q3 2025 with a market cap of $118.89B

All Institutions

Institutions: 2,319
Value Held: $96.4B
Shares Held: 328.6M
Avg Position: $41.6M
Median Position: $1.2M

Hedge Funds

Hedge Funds: 71
Value Held: $1.6B
Shares Held: 5.5M
Avg Position: $22.5M
Median Position: $1.8M

Ownership Breakdown

Institutional (non-HF)

79.74%

$94.8B

Hedge Funds

1.34%

$1.6B

Retail & Other

18.92%

$22.5B

Based on market cap of $118.89B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ADP as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$12.2B 0.18% of portfolio	10.29% 41.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$10.6B 0.19% of portfolio	8.93% 36.2M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$5.5B 0.19% of portfolio	4.64% 18.8M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$3.5B 0.21% of portfolio	2.98% 12.1M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$3.4B 0.21% of portfolio	2.82% 11.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Capital Research Global Investors RIA/Wealth	Sardar Sheraz Iftikhar CEO	$2.4B 0.44% of portfolio	1.98% 8.0M shares	Q2 2018 Held for 7y 5m	$532.36B
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$2.1B 0.43% of portfolio	1.76% 7.1M shares	≤ Q2 2013 Held for 12y 5m+	$488.61B
WELLINGTON MANAGEMENT CO LLP Long Only Manager	Edmund Wellington Iii President	$2.0B 0.35% of portfolio	1.69% 6.8M shares	≤ Q2 2013 Held for 12y 5m+	$571.21B
Bank of New York Mellon Corp Institution	Robin Vince CEO	$1.9B 0.35% of portfolio	1.64% 6.6M shares	≤ Q2 2013 Held for 12y 5m+	$556.34B
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$1.9B 0.61% of portfolio	1.63% 6.6M shares	≤ Q2 2013 Held for 12y 5m+	$317.45B

Net Capital Flow

Institutional buying and selling activity for ADP in Q3 2025

Net Flow: +$498.1M
Buyers: 847
Sellers: 1,100
Total Bought: +$4.1B
Total Sold: −$3.6B
Avg Position: $40.2M

Biggest Buyers

Institution	Net Bought	Current Position
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$648.3M +2.2M shares	$2.0B 6.8M shares
MORGAN STANLEY RIA/Wealth	+$416.2M +1.4M shares	$3.5B 12.1M shares
GOLDMAN SACHS GROUP INC Institution	+$350.1M +1.2M shares	$1.2B 4.1M shares
M Mitsubishi UFJ Asset Management Co., Ltd. Institution	+$233.7M +796.4K shares	$960.8M 3.3M shares
B BlackRock, Inc. Institution	+$187.8M +639.9K shares	$10.6B 36.2M shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	+$165.0M +562.3K shares	$174.8M 595.6K shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$159.0M +541.8K shares	$948.9M 3.2M shares
A Assenagon Asset Management S.A. Institution	+$124.5M +424.3K shares	$186.6M 635.9K shares
VANGUARD GROUP INC Institution	+$114.3M +389.5K shares	$12.2B 41.7M shares
UBS Group AG Institution	+$84.8M +289.0K shares	$768.8M 2.6M shares

Biggest Sellers

Institution	Net Sold	Current Position
A Amundi Institution	−$271.7M −935.1K shares	$631.8M 2.2M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$256.8M −875.1K shares	$981.1M 3.3M shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$158.9M −541.5K shares	$1.9B 6.6M shares
Marshall Wace LLP Institution	−$153.7M −498.3K shares	Sold Off 0 shares
A AXA Institution	−$142.9M −463.5K shares	Sold Off 0 shares
Bank of New York Mellon Corp Institution	−$140.2M −477.6K shares	$1.9B 6.6M shares
A Allianz Asset Management AG Institution	−$110.2M −375.5K shares	$181.7M 619.2K shares
BARCLAYS PLC Institution	−$101.7M −346.4K shares	$697.1M 2.4M shares
HENDERSON GROUP PLC Institution	−$100.2M −341.2K shares	$263.1M 896.3K shares
MACKENZIE FINANCIAL CORP Long Only Manager	−$84.8M −288.8K shares	$439.1M 1.5M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ADP in Q3 2025

New Positions: 39
New Value: $114.9M
Exited Positions: 148
Exited Value: $590.3M

New Positions

Institution	Position Value
A ACTIAM N.V. Institution	$99.6M 339.3K shares
Atom Investors LP Hedge Fund•Market Neutral	$3.8M 13.0K shares
PEAK FINANCIAL ADVISORS LLC RIA/Wealth	$2.3M 7.9K shares
T TEMA ETFS LLC Institution	$1.8M 6.2K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$1.0M 4.3K shares
B Bryce Point Capital, LLC Hedge Fund•Market Neutral	$540.9K 1.8K shares
BridgePort Financial Solutions, LLC RIA/Wealth	$503.1K 1.7K shares
National Wealth Management Group, LLC RIA/Wealth	$498.5K 1.7K shares
Baltimore-Washington Financial Advisors, Inc. RIA/Wealth	$417.7K 1.4K shares
Siligmueller & Norvid Wealth Advisors LLC RIA/Wealth	$391.2K 1.3K shares

Exited Positions

Institution	Previous Position
Marshall Wace LLP Institution	$153.7M 498.3K shares
A AXA Institution	$142.9M 463.5K shares
B Border to Coast Pensions Partnership Ltd Institution	$44.0M 142.6K shares
Junto Capital Management LP Hedge Fund•Long/Short	$36.8M 119.2K shares
Aquatic Capital Management LLC Hedge Fund•Quant	$24.6M 79.8K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$19.7M 63.9K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	$14.5M 46.9K shares
Winslow Capital Management, LLC Long Only Manager	$14.2M 46.2K shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$13.2M 42.6K shares
IMC-Chicago, LLC RIA/Wealth	$12.9M 41.9K shares

Options Activity

Institutions with the largest Call and Put options positions in ADP as of Q3 2025

Call Positions: 32
Call Value: $449.7M
Put Positions: 40
Put Value: $390.2M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$121.0M 4.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$101.1M 3.4K contracts
W WOLVERINE TRADING, LLC Institution	$33.4M 1.1K contracts
J JANE STREET GROUP, LLC Institution	$31.2M 1.1K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$27.2M 928.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$21.4M 730.0 contracts
Oribel Capital Management, LP Hedge Fund•Long/Short	$19.8M 673.0 contracts
UBS Group AG Institution	$19.3M 657.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$8.2M 281.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$8.2M 279.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$106.1M 3.6K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$64.2M 2.2K contracts
Marshall Wace LLP Institution	$29.4M 1.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$28.2M 960.0 contracts
BANK OF AMERICA CORP /DE/ Institution	$24.0M 817.0 contracts
W WOLVERINE TRADING, LLC Institution	$18.5M 633.0 contracts
Walleye Trading LLC RIA/Wealth	$16.3M 556.0 contracts
UBS Group AG Institution	$14.2M 484.0 contracts
CAPSTONE INVESTMENT ADVISORS, LLC Hedge Fund•Multi-Strategy	$8.7M 298.0 contracts
J JANE STREET GROUP, LLC Institution	$8.4M 287.0 contracts

Most Committed Institutions

Institutions with ADP as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
C CINCINNATI INDEMNITY CO Institution	-	34.19% $14.1M	0.01% 48.1K shares	≤ Q2 2013 Held for 12y 5m+	$41.3M
BLS CAPITAL FONDSMAEGLERSELSKAB A/S Hedge Fund•Value	Anna Grex Borre CEO	11.23% $326.5M	0.27% 1.1M shares	Q1 2020 Held for 5y 8m	$2.9B
C CINCINNATI CASUALTY CO Institution	-	10.74% $21.1M	0.02% 72.0K shares	≤ Q2 2013 Held for 12y 5m+	$196.7M
C Camrose Capital Investment Partners LLP Institution	-	9.36% $40.3M	0.03% 137.4K shares	Q4 2024 Held for 11 months	$430.9M
CAPITAL COUNSEL LLC/NY RIA/Wealth	Terence Sean Greene President	7.40% $193.0M	0.16% 657.5K shares	≤ Q2 2013 Held for 12y 5m+	$2.6B
F FUNDSMITH INVESTMENT SERVICES LTD. Long Only Manager	Terence Charles Smith CEO	6.61% $424.1M	0.36% 1.4M shares	Q1 2022 Held for 3y 8m	$6.4B
Fundsmith LLP Long Only Manager	Terence Charles Smith CEO	6.39% $1.3B	1.06% 4.3M shares	Q1 2013 Held for 12y 8m	$19.8B
R R.M.SINCERBEAUX CAPITAL MANAGEMENT LLC Institution	-	5.94% $11.1M	0.01% 37.7K shares	Q4 2013 Held for 11y 11m	$186.0M
NICHOLS & PRATT ADVISERS LLP /MA RIA/Wealth	Martin James Briesach Managing Partner	5.71% $90.4M	0.08% 308.0K shares	≤ Q2 2013 Held for 12y 5m+	$1.6B
Court Place Advisors, LLC RIA/Wealth	John Francis Santry CCO	5.50% $18.3M	0.02% 62.3K shares	Q4 2013 Held for 11y 11m	$332.1M

Hedge Fund Spotlight

Discover hedge funds investing in ADP

INCEPTIONR LLC

Hedge Fund • Quant

Portfolio ManagerLi Nmn Lu

Portfolio Value: $414.3M
Positions: 644
Last Reported: Q3 2025

Sector Allocation

Position in Automatic Data Processing, Inc.

Market Value: $2.2M
Shares Held: 7.6K
Portfolio Weight: 0.54%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Automatic Data Processing, Inc. ADP	Staffing & Employment Services Industrials	$2.2M	0.54%
2 AECOM ACM	Engineering & Construction Industrials	$2.2M	0.54%
3 Procter & Gamble PG	Household & Personal Products Consumer Defensive	$2.2M	0.53%