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
↓ -108
Streak
1Q ▼
Buyers last Q
42%

Smart Money Signals — ADP

Based on 2265 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their ADP positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
2,265 funds currently hold this stock — 93% of the 3.0-year high of 2,424 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 6% fewer funds vs a year ago

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

More sellers than buyers — 42% buying

958 buying1338 selling
Last quarter: 1,338 funds reduced or exited vs 958 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-41 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 180 → 125 → 251 → 210. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

73% of holders stayed for 2+ years

■ 73% conviction (2yr+) ■ 15% medium ■ 12% new
1,660 out of 2,265 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 -0%, value -21%

Value
-20%
Shares
0%
Last quarter: funds added -0% more shares while total portfolio value only changed -21%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
🚀

Acceleration phase — new buyers rushing in

207 → 180 → 125 → 251 → 210 new funds/Q
New funds entering each quarter: 180 → 125 → 251 → 210. The pace of institutional discovery is accelerating sharply. This is the 'hot idea' phase — the thesis is being passed from fund to fund. You are not late — the accumulation wave is still building.
🏛️

Veteran-anchored — 74% veterans vs 15% newcomers

■ 74% veterans ■ 11% 1-2yr ■ 15% new
Entry-cohort mix of 2,316 holders: 1,725 (74%) are 2+ year veterans, 248 entered 1–2 years ago, and 343 (15%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 49% AUM from top-100 funds

49% from top-100 AUM funds
66 of 2257 holders are among the 100 largest funds by AUM, controlling 49% 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.
3.3
out of 10
Low Exit Risk
Exit risk score 3.3/10 — 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 Q1, 958 hedge funds were net buyers of ADP (210 opened a new position, 748 added to an existing one), while 1338 reduced or exited (1020 trimmed, 318 sold completely) — a 42% buyer ratio, indicating roughly balanced activity. 49% of total institutional value in ADP is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -108 funds (more exits than new entries). Total institutional holders: 2265.

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 Q1 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 March 31, 2026 · 78d ago
ADP
+8.6%
XLK
+41.1%

ADP outperformed XLK by -32.5% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
ADP
+3.6%
XLK
+6.4%

Since the filing became public, ADP outperformed XLK by -2.8% .

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.

107 top-rated funds 19 high-conviction
Consensus
8.8
/ 10
breadth
×
Elite
4.4
/ 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 Q1) Prior (2025 Q4) Change
Funds Holding 2241 2373 -5.56%
13F Shares 339M 340M -0.29%
Total Value $67.67B $85.41B -20.77%
New Positions 203 251 -48
Increased Positions 730 750 -20
Closed Positions 335 229 +106
Reduced Positions 995 1003 -8
Total Calls 27 25 8.0%
Total Puts 31 30 3.33%
PUT/CALL Ratio 1.15 1.2 Neutral

Statistics: ADP

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Valuation Measures Data as of: --

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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 Q1)

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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Cincinnati Indemnity Co 24.28% 48,100 $9.8M
2 Bls Capital Fondsmaeglerselskab A/S 8.15% 1,178,347 $239.4M
3 Cincinnati Casualty Co 7.64% 72,000 $14.6M
4 Fundsmith Investment Services LTD. 6.12% 1,327,309 $269.7M
5 Fundsmith LLP 6.11% 3,855,105 $783.3M
6 Capital Counsel LLC/Ny 5.84% 675,658 $137.3M
7 Tactive Advisors, LLC 5.13% 89,607 $18.2M
8 Absher Wealth Management, LLC 4.94% 207,213 $42.1M
9 Camrose Capital Investment Partners LLP 4.83% 181,639 $36.9M
10 Coerente Capital Management 4.63% 122,480 $24.9M
11 Clark & Stuart, Inc 4.49% 32,583 $6.7M
12 R.m.sincerbeaux Capital Management LLC 4.46% 37,650 $7.6M
13 America First Investment Advisors, LLC 4.34% 114,520 $23.3M
14 Long Road Investment Counsel, LLC 4.26% 53,429 $10.9M
15 Heathbridge Capital Management Ltd. 4.17% 56,465 $11.5M
16 R.H. Dinel Investment Counsel, Inc. 4.04% 24,600 $5.0M
17 Nichols & Pratt Advisers LLP /Ma 3.93% 299,302 $60.8M
18 Saybrook Capital /Nc 3.83% 69,979 $14.2M
19 GUARDCAP ASSET MANAGEMENT Ltd 3.61% 307,066 $63.0M
20 Patrick Mauro Investment Advisor, INC. 3.57% 34,915 $7.1M
21 Navera Investment Management Ltd. 3.51% 676,863 $137.5M
22 Eurizon SLJ Capital Ltd 3.47% 35,544 $7.3M
23 Mcdaniel Terry & Co 3.32% 192,467 $39.1M
24 Northstar Asset Management Inc 3.19% 51,131 $10.4M
25 Local Pensions Partnership Investment Ltd 3.17% 721,272 $146.5M
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their ADP positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for ADP?

More sellers than buyers — 42% buying: Last quarter: 1,338 funds reduced or exited vs 958 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for ADP holders?

Elite ownership — 49% AUM from top-100 funds: 66 of 2257 holders are among the 100 largest funds by AUM, controlling 49% 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?

73% of holders stayed for 2+ years: 1,660 out of 2,265 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 Q1 hedge fund 13F filings?

As of today, ADP has moved +3.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.4% for the XLK sector ETF — an outperformance of -2.8%. Since the quarter end (March 31, 2026), ADP has gained +8.6% vs +41.1% 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.

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