Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Automatic Data Processing In (ADP)

2K + Investors. Track Smart Money conviction in ADP. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +28
Streak
1Q ▲
Buyers last Q
50%

Smart Money Signals — ADP

Based on 2297 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added ADP than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (95% of max)

95% of all-time peak
2,297 hedge funds hold ADP right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
129 fewer hedge funds hold ADP compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

1109 buying1090 selling
Last quarter: 1,109 funds bought or added vs 1,090 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+19 vs last Q)

new funds entering per quarter
Funds opening a new ADP position: 126 → 252 → 212 → 231. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

74% of holders stayed for 2+ years

■ 74% conviction (2yr+) ■ 13% medium ■ 13% new
1,692 out of 2,297 hedge funds have held ADP for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +46%, value +15%

Value
+15%
Shares
+46%
Last quarter: funds added +46% more shares while total portfolio value only changed +15%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

181 → 126 → 252 → 212 → 231 new funds/Q
New funds entering each quarter: 126 → 252 → 212 → 231. A growing number of institutions are discovering ADP each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 75% veterans vs 15% newcomers

■ 75% veterans ■ 11% 1-2yr ■ 15% new
Entry-cohort mix of 2,344 holders: 1,751 (75%) are 2+ year veterans, 248 entered 1–2 years ago, and 345 (15%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 64% AUM from top-100 funds

64% from top-100 AUM funds
67 of 2285 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in ADP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ADP

In 2026 Q2, 1109 hedge funds were net buyers of ADP (231 opened a new position, 878 added to an existing one), while 1090 reduced or exited (887 trimmed, 203 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 64% of total institutional value in ADP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +28 funds (more new holders than closures). Total institutional holders: 2297.

Hedge Fund Ownership: ADP

How many hedge funds hold ADP — quarterly history vs. share price
Quarterly hedge fund ownership of ADP vs. share price

Market Analysis: ADP

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ADP

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Automatic Data Processing In (ADP) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ADP has moved relative to its sector benchmark (XLK) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 82d ago
ADP
+21.1%
XLK
-0.5%

ADP outperformed XLK by +21.6% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 37d ago
ADP
+-0.0%
XLK
-0.2%

Since the filing became public, ADP outperformed XLK by +0.2% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

61 top-rated funds 15 high-conviction
Consensus
7.8
/ 10
breadth
×
Elite
5.2
/ 10
conviction
Hedge Fund Positioning: ADP
2K + Investors

Track Smart Money conviction in ADP. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 2261 2269 -0.35%
13F Shares 358M 342M 4.66%
Total Value $78.04B $68.31B 14.25%
New Positions 226 212 +14
Increased Positions 857 733 +124
Closed Positions 222 319 -97
Reduced Positions 865 1010 -145
Total Calls 32 27 18.52%
Total Puts 26 31 -16.13%
PUT/CALL Ratio 0.81 1.15 Neutral

Statistics: ADP

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

2K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ADP. Verified SEC 13F-HR filings.

QUARTER:
Top 25 ADP holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cincinnati Indemnity Co 26.23% 48,100 $10.8M
2 Bls Capital Fondsmaeglerselskab A/S 9.86% 1,143,474 $256.1M
3 Cincinnati Casualty Co 8.56% 72,000 $16.1M
4 Capital Counsel LLC/Ny 6.30% 719,563 $161.1M
5 R.H. Dinel Investment Counsel, Inc. 5.62% 32,650 $7.3M
6 Absher Wealth Management, LLC 5.52% 216,593 $48.5M
7 Coerente Capital Management 5.14% 124,795 $27.9M
8 Clark & Stuart, Inc 4.99% 35,289 $8.0M
9 Tactive Advisors, LLC 4.94% 89,610 $20.1M
10 Giverny Capital Inc. 4.93% 654,556 $146.6M
11 Camrose Capital Investment Partners LLP 4.91% 194,028 $43.5M
12 America First Investment Advisors, LLC 4.81% 115,688 $25.9M
13 Value Partners Investments Inc. 4.63% 296,491 $66.3M
14 R.m.sincerbeaux Capital Management LLC 4.48% 37,650 $8.4M
15 Long Road Investment Counsel, LLC 4.41% 53,409 $12.0M
16 Patrick Mauro Investment Advisor, INC. 4.36% 38,758 $8.7M
17 Heathbridge Capital Management Ltd. 4.33% 56,475 $12.6M
18 Fundsmith LLP 4.27% 2,601,567 $582.6M
19 GUARDCAP ASSET MANAGEMENT Ltd 4.11% 256,473 $57.7M
20 Fundsmith Investment Services LTD. 4.08% 823,664 $184.5M
21 Nichols & Pratt Advisers LLP /Ma 4.05% 297,574 $66.6M
22 Saybrook Capital /Nc 3.84% 68,483 $15.3M
23 Navera Investment Management Ltd. 3.63% 603,879 $135.2M
24 Act Two Investors LLC 3.60% 79,607 $17.8M
25 Mcdaniel Terry & Co 3.37% 192,351 $43.1M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Automatic Data Processing In (ADP)

What does the Smart Money Trend signal show for ADP?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added ADP than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for ADP?

Slight buying edge — 50% buying: Last quarter: 1,109 funds bought or added vs 1,090 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for ADP holders?

Elite ownership — 64% AUM from top-100 funds: 67 of 2285 holders are among the 100 largest funds by AUM, controlling 64% of total institutional value in ADP. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held ADP?

74% of holders stayed for 2+ years: 1,692 out of 2,297 hedge funds have held ADP for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Automatic Data Processing In (ADP) following the 2026 Q2 hedge fund 13F filings?

As of today, ADP has moved +-0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -0.2% for the XLK sector ETF — an outperformance of +0.2%. Since the quarter end (June 30, 2026), ADP has gained +21.1% vs -0.5% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →