AUTOMATIC DATA PROCESSING IN ADP
COM · Common Stock · CUSIP 053015103 · ISIN US0530151036
American human resources management software company
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($316.2m this quarter). Holder counts are more reliable. Shares outstanding: 412.0m as of 2023-07-31, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $219.39. Options: 40 managers hold calls ($391.2m notional), 41 hold puts ($412.7m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1,969 |
| Q4 2022 | 2,057 |
| Q1 2023 | 1,970 |
| Q2 2023 | 1,985 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 755 | 905 |
| Q1 2023 | 747 | 985 |
| Q2 2023 | 776 | 891 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $532.2m | $713.6m | 1.34 |
| Q4 2022 | $521.6m | $794.9m | 1.52 |
| Q1 2023 | $380.6m | $417.4m | 1.10 |
| Q2 2023 | $391.2m | $412.7m | 1.06 |
Biggest buyers
| Veritas Asset Management LLP | New | +1.7m |
| Holocene Advisors, LP | New | +818.4k |
| TRUIST FINANCIAL CORP | Added | +733.3k |
| BLS Capital Fondsmaeglerselskab A/S | Added | +660.0k |
| NORDEA INVESTMENT MANAGEMENT AB | Added | +505.2k |
| ROYAL BANK OF CANADA | Added | +450.1k |
| TORONTO DOMINION BANK | Added | +435.1k |
| Qube Research & Technologies Ltd | Added | +413.8k |
| UBS Group AG | Added | +411.7k |
| JANUS HENDERSON GROUP PLC | Added | +382.6k |
Biggest sellers
| FMR LLC | Reduced | -3.0m |
| BANK OF AMERICA CORP /DE/ | Reduced | -2.9m |
| VANGUARD GROUP INC | Reduced | -1.6m |
| Amundi | Reduced | -880.7k |
| Man Group plc | Sold out | -601.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -516.6k |
| J.P. Morgan Private Wealth Advisors LLC | Sold out | -486.1k |
| Robeco Institutional Asset Management B.V. | Reduced | -431.7k |
| BlackRock Inc. | Reduced | -404.4k |
| Ardevora Asset Management LLP | Sold out | -354.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $120.1m546.5k shares |
| CITADEL ADVISORS LLC | Reduced | $48.4m220.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $28.9m131.6k shares |
| JANE STREET GROUP, LLC | Added | $25.5m116.0k shares |
| Oribel Capital Management, LP | New | $16.9m77.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $16.0m72.9k shares |
| SIMPLEX TRADING, LLC | Reduced | $13.7m62.5k shares |
| Cubist Systematic Strategies, LLC | Reduced | $13.7m62.4k shares |
| BARCLAYS PLC | New | $13.5m61.4k shares |
| WOLVERINE TRADING, LLC | Added | $12.2m56.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $90.6m412.1k shares |
| CITADEL ADVISORS LLC | Reduced | $53.4m243.1k shares |
| BARCLAYS PLC | New | $31.5m143.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $28.0m127.3k shares |
| CITIGROUP INC | New | $27.5m125.0k shares |
| Caption Management, LLC | New | $20.7m94.0k shares |
| SIMPLEX TRADING, LLC | Added | $19.8m90.1k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $18.5m84.2k shares |
| JANE STREET GROUP, LLC | Added | $13.5m61.2k shares |
| UBS Group AG | Unchanged | $11.5m52.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| STATE STREET CORP 13G · institution new · filed 2026-08-07 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 10 | $67.8m | — |
| Q1 2022 | 0 | — | 9 | $4.3m | — |
| Q2 2022 | 0 | — | 2 | $720.5k | — |
| Q3 2022 | 0 | — | 12 | $72.4m | — |
| Q4 2022 | 0 | — | 3 | $219.2k | — |
| Q1 2023 | 0 | — | 4 | $42.1m | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.20% of their portfolio | 39.2m $8.6bn | Reduced -1.6m |
| BlackRock Inc. 0.21% of their portfolio | 33.9m $7.4bn | Reduced -404.4k |
| STATE STREET CORP 0.21% of their portfolio | 18.0m $4.0bn | Added +321.4k |
| MORGAN STANLEY 0.23% of their portfolio | 10.8m $2.4bn | Added +30.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.24% of their portfolio | 9.3m $2.0bn | Added +297.4k |
| Bank of New York Mellon Corp 0.43% of their portfolio | 9.2m $2.0bn | Reduced -200.6k |
| ALLIANCEBERNSTEIN L.P. 0.77% of their portfolio | 8.6m $1.9bn | Reduced -210.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.53% of their portfolio | 8.5m $1.9bn | Added +364.3k |
| WELLS FARGO & COMPANY/MN 0.52% of their portfolio | 8.2m $1.8bn | Added +19.5k |
| BANK OF AMERICA CORP /DE/ 0.16% of their portfolio | 6.1m $1.3bn | Reduced -2.9m |
| NORTHERN TRUST CORP 0.24% of their portfolio | 5.6m $1.2bn | Reduced -161.6k |
| Fundsmith LLP 5.10% of their portfolio | 5.5m $1.2bn | Reduced -15.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.22% of their portfolio | 5.2m $1.1bn | Reduced -17.2k |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO 0.85% of their portfolio | 3.9m $863.5m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.33% of their portfolio | 3.1m $679.3m | Unchanged |
| Legal & General Group Plc 0.22% of their portfolio | 3.0m $668.2m | Reduced -4.7k |
| AMERIPRISE FINANCIAL INC 0.21% of their portfolio | 3.0m $659.6m | Added +125.4k |
| FMR LLC 0.06% of their portfolio | 3.0m $663.8m | Reduced -3.0m |
| Capital Research Global Investors 0.17% of their portfolio | 2.9m $633.5m | Added +55.9k |
| Amundi 0.32% of their portfolio | 2.9m $625.3m | Reduced -880.7k |
| Ninety One UK Ltd 1.67% of their portfolio | 2.6m $573.2m | Reduced -23.7k |
| BLS Capital Fondsmaeglerselskab A/S 12.28% of their portfolio | 2.4m $531.3m | Added +660.0k |
| GOLDMAN SACHS GROUP INC 0.13% of their portfolio | 2.4m $525.6m | Added +237.0k |
| Invesco Ltd. 0.13% of their portfolio | 2.2m $488.7m | Reduced -13.1k |
| JENSEN INVESTMENT MANAGEMENT INC 3.35% of their portfolio | 2.1m $456.8m | Added +19.0k |
| California Public Employees Retirement System 0.38% of their portfolio | 2.0m $447.5m | Reduced -44.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.61% of their portfolio | 2.0m $446.2m | Added +505.2k |
| CIBC Private Wealth Group LLC 0.48% of their portfolio | 2.0m $440.7m | Added +48.7k |
| D. E. Shaw & Co., Inc. 0.68% of their portfolio | 2.0m $436.2m | Added +23.5k |
| DEUTSCHE BANK AG\ 0.23% of their portfolio | 2.0m $431.1m | Reduced -185.6k |
| NORGES BANK 0.08% of their portfolio | 2.0m $430.7m | Reduced -231.2k |
| UBS Group AG 0.18% of their portfolio | 1.9m $425.7m | Added +411.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.52% of their portfolio | 1.9m $425.2m | Reduced -516.6k |
| ROYAL BANK OF CANADA 0.12% of their portfolio | 1.9m $416.8m | Added +450.1k |
| DIMENSIONAL FUND ADVISORS LP 0.13% of their portfolio | 1.9m $414.0m | Added +70.2k |
| GUARDCAP ASSET MANAGEMENT Ltd 5.49% of their portfolio | 1.9m $408.4m | Added +82.4k |
| Nuveen Asset Management, LLC 0.14% of their portfolio | 1.8m $404.0m | Reduced -26.0k |
| STIFEL FINANCIAL CORP 0.55% of their portfolio | 1.8m $401.1m | Added +27.5k |
| Veritas Asset Management LLP 2.61% of their portfolio | 1.7m $375.5m | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.77% of their portfolio | 1.7m $368.9m | Added +53.7k |
| JANUS HENDERSON GROUP PLC 0.23% of their portfolio | 1.7m $367.6m | Added +382.6k |
| FUNDSMITH INVESTMENT SERVICES LTD. 5.14% of their portfolio | 1.6m $352.2m | Added +33.0k |
| Swiss National Bank 0.22% of their portfolio | 1.5m $328.9m | Reduced -149.9k |
| PUBLIC INVESTMENT FUND 0.84% of their portfolio | 1.5m $325.7m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.24% of their portfolio | 1.4m $318.5m | Reduced -5.9k |
| MILLENNIUM MANAGEMENT LLC 0.33% of their portfolio | 1.4m $314.7m | Added +296.8k |
| TWO SIGMA ADVISERS, LP 0.79% of their portfolio | 1.4m $309.1m | Reduced -24.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.04% of their portfolio | 1.4m $299.5m | Reduced -31.6k |
| PNC Financial Services Group, Inc. 0.26% of their portfolio | 1.4m $299.5m | Reduced -5.0k |
| FIRST TRUST ADVISORS LP 0.31% of their portfolio | 1.2m $274.7m | Added +45.4k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 1.2m $271.3m | Reduced -1.3k |
| ProShare Advisors LLC 0.75% of their portfolio | 1.2m $258.9m | Added +55.2k |
| BARCLAYS PLC 0.16% of their portfolio | 1.2m $253.4m | Added +178.0k |
| BANK OF MONTREAL /CAN/ 0.10% of their portfolio | 1.1m $266.3m | Added +88.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.19% of their portfolio | 1.1m $240.6m | Reduced -200.3k |
| TRAPHAGEN INVESTMENT ADVISORS LLC 10.40% of their portfolio | 1.1m $80.2m | Added +19.3k |
| CREDIT SUISSE AG/ 0.23% of their portfolio | 1.1m $231.9m | Reduced -5.6k |
| Bahl & Gaynor LLC 1.37% of their portfolio | 1.0m $225.7m | Reduced -94.0k |
| RAYMOND JAMES & ASSOCIATES 0.19% of their portfolio | 1.0m $225.4m | Reduced -10.5k |
| Fayez Sarofim & Co 0.78% of their portfolio | 1.0m $223.6m | Reduced -17.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.28% of their portfolio | 891.0k $195.8m | Reduced -132.1k |
| TRUIST FINANCIAL CORP 0.32% of their portfolio | 874.2k $192.1m | Added +733.3k |
| RHUMBLINE ADVISERS 0.21% of their portfolio | 856.5k $188.3m | Added +13.4k |
| Clearbridge Investments, LLC 0.17% of their portfolio | 853.2k $187.5m | Added +3.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.08% of their portfolio | 847.3k $186.2m | Added +216.6k |
| HSBC HOLDINGS PLC 0.19% of their portfolio | 822.9k $180.8m | Added +146.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.56% of their portfolio | 818.9k $180.0m | Reduced -124.6k |
| Holocene Advisors, LP 0.79% of their portfolio | 818.4k $179.9m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.22% of their portfolio | 776.4k $170.6m | Reduced -16.4k |
| TORONTO DOMINION BANK 0.12% of their portfolio | 765.6k $168.2m | Added +435.1k |
| Qube Research & Technologies Ltd 0.63% of their portfolio | 744.0k $163.5m | Added +413.8k |
| CITADEL ADVISORS LLC 0.18% of their portfolio | 719.4k $158.1m | Added +118.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.21% of their portfolio | 692.3k $152.2m | Reduced -11.8k |
| Aberdeen Group plc 0.35% of their portfolio | 689.2k $151.5m | Added +151.2k |
| TWO SIGMA INVESTMENTS, LP 0.40% of their portfolio | 685.1k $150.6m | Reduced -88.4k |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 1.60% of their portfolio | 679.4k $149.3m | Reduced -2.9k |
| CAPITAL COUNSEL LLC/NY 8.10% of their portfolio | 668.5k $146.9m | Reduced -485 |
| Allianz Asset Management GmbH 0.29% of their portfolio | 656.7k $144.3m | Reduced -16.7k |
| National Pension Service 0.22% of their portfolio | 641.9k $138.9m | Reduced -19.6k |
| AXA S.A. 0.45% of their portfolio | 622.3k $136.8m | Added +56.8k |
| PRUDENTIAL FINANCIAL INC 0.20% of their portfolio | 619.4k $136.1m | Reduced -6.9k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.64% of their portfolio | 616.3k $135.5m | Added +314.7k |
| Squarepoint Ops LLC 0.75% of their portfolio | 613.5k $134.8m | Added +38.1k |
| Williams Jones Wealth Management, LLC. 2.00% of their portfolio | 607.5k $133.5m | Reduced -4.0k |
| CITIGROUP INC 0.17% of their portfolio | 607.2k $133.5m | Added +85.0k |
| US BANCORP \DE\ 0.22% of their portfolio | 606.1k $133.2m | Reduced -18.8k |
| APG Asset Management N.V. 0.23% of their portfolio | 566.0k $114.0m | Reduced -23.7k |
| Boston Trust Walden Corp 0.99% of their portfolio | 547.6k $120.4m | Added +58.6k |
| POLEN CAPITAL MANAGEMENT LLC 0.30% of their portfolio | 545.3k $119.9m | Added +7.9k |
| Corient Private Wealth LP 0.27% of their portfolio | 537.3k $118.1m | Added +9.4k |
| Navera Investment Management Ltd. 3.01% of their portfolio | 532.1k $116.9m | Added +9.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.08% of their portfolio | 532.0k $116.9m | Reduced -13.7k |
| DekaBank Deutsche Girozentrale 0.26% of their portfolio | 531.0k $115.2m | Reduced -7.7k |
| Baird Financial Group, Inc. 0.29% of their portfolio | 505.0k $111.0m | Reduced -21.9k |
| DSM CAPITAL PARTNERS LLC 1.72% of their portfolio | 484.0k $106.4m | Reduced -104.5k |
| Korea Investment CORP 0.28% of their portfolio | 459.0k $100.9m | Added +103.8k |
| M&T Bank Corp 0.37% of their portfolio | 447.0k $98.3m | Reduced -10.0k |
| FRANKLIN RESOURCES INC 0.05% of their portfolio | 441.1k $97.0m | Reduced -38.4k |
| LPL Financial LLC 0.07% of their portfolio | 433.6k $95.3m | Added +60.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.21% of their portfolio | 431.9k $94.9m | Reduced -17.3k |