Automatic Data Processing: which funds bought and sold

Institutions that bought and sold Automatic Data Processing shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 1,049 institutions that filed 13F reports for both quarters added to or opened positions in Automatic Data Processing, and 1,036 cut or closed them. Together they added a net 7.7M shares, +2.2% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 3.1M shares (+5.9%); index fund managers were net buyers of 2.1M shares (+1.6%). 171 opened a new position and 158 sold out entirely.

Bought, Q2 2026 1,049 institutions, 171 of them new holders Sold, Q2 2026 1,036 institutions, 158 of them sold out

Net change, all compared +7.7M shares (+2.2%)

Net change, active managers +3.1M shares (+5.9%), 32 bought, 57 sold

Buyers versus sellers

institutions compared, 2,408

1,049 bought 323 1,036 sold

Active managers and hedge funds 32 bought · 57 sold · +3.1M

Index fund managers 6 bought · 6 sold · +2.1M

Other institutions 1,011 bought · 973 sold · +2.5M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
First Eagle Investment Management, LLC Active manager	+7.5M +263.1%	10.3M	$2.3B
Morgan Stanley	+2.0M +30.8%	8.4M	$1.9B
Federated Hermes, Inc. Active manager	+1.3M +2050.8%	1.4M	$317M
Marshall Wace, LLP Hedge fund	+1.3M +274.8%	1.8M	$397M
Charles Schwab Investment Management Inc Index funds	+1.2M +10.1%	12.7M	$2.9B
State Street Corp Index funds	+1.1M +5.5%	20.4M	$4.6B
Invesco Ltd.	+902K +7.1%	13.6M	$3B
Goldman Sachs Group Inc	+848K +19.4%	5.2M	$1.2B
Healthcare Of Ontario Pension Plan Trust Fund	+664K +507.3%	795K	$178M
AQR Capital Management LLC Hedge fund	+662K +85.7%	1.4M	$321M
Blackrock, Inc. Index funds	+657K +1.9%	36.2M	$8.1B
Jane Street Group, LLC	+651K +6584.1%	660K	$148M
First Trust Advisors LP	+504K +20.2%	3.0M	$672M
Deutsche Bank Ag\	+368K +9.0%	4.4M	$995M
Bi Asset Management Fondsmaeglerselskab A/S	+368K +339.7%	476K	$107M
Ninety One Uk Ltd	+367K +15.5%	2.7M	$612M
Citigroup Inc	+310K +65.1%	788K	$176M
Robeco Institutional Asset Management B.V.	+290K +45.6%	927K	$208M
Wells Fargo & Company	+285K +4.1%	7.2M	$1.6B
Arrowstreet Capital, Limited Partnership Hedge fund	+284K +98.5%	571K	$128M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
First Eagle Investment Management, LLC Active manager	+7.5M +263.1%	10.3M	$2.3B
Federated Hermes, Inc. Active manager	+1.3M +2050.8%	1.4M	$317M
Marshall Wace, LLP Hedge fund	+1.3M +274.8%	1.8M	$397M
AQR Capital Management LLC Hedge fund	+662K +85.7%	1.4M	$321M
Arrowstreet Capital, Limited Partnership Hedge fund	+284K +98.5%	571K	$128M
Giverny Capital Inc. Active manager	+235K +56.2%	655K	$147M
FMR LLC Active manager	+172K +16.6%	1.2M	$270M
Point72 Asset Management, L.P. Hedge fund	+164K +289.4%	221K	$49.5M
Gotham Asset Management, LLC Hedge fund	+143K +86.6%	309K	$69.2M
American Century Companies Inc Active manager	+98K +43.6%	321K	$71.9M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Barclays PLC	−1.5M −63.0%	897K	$201M
Fundsmith LLP Active manager	−1.3M −32.5%	2.6M	$583M
D. E. Shaw & Co., Inc. Hedge fund	−1.2M Sold out	0	—
Voloridge Investment Management, LLC Hedge fund	−1.0M −91.6%	92K	$20.6M
Nordea Investment Management AB	−784K −67.9%	371K	$82.7M
Qube Research & Technologies Ltd Hedge fund	−653K Sold out	0	—
Two Sigma Investments, LP Hedge fund	−562K −43.8%	720K	$161M
Worldquant Millennium Advisors LLC Hedge fund	−546K −52.8%	489K	$109M
Renaissance Technologies LLC Hedge fund	−540K −83.5%	107K	$24M
Vanguard Portfolio Management LLC Index funds	−511K −4.6%	10.5M	$2.4B
Fundsmith Investment Services Ltd.	−504K −37.9%	824K	$184M
Daiwa Securities Group Inc.	−494K −81.0%	116K	$25.9M
Millennium Management LLC Hedge fund	−493K −71.5%	197K	$44M
Holocene Advisors, LP Hedge fund	−482K Sold out	0	—
UBS Group AG	−397K −13.4%	2.6M	$577M
SG Americas Securities, LLC	−379K −59.6%	257K	$57.5M
California Public Employees Retirement System	−367K −34.6%	693K	$155M
Alyeska Investment Group, L.P. Hedge fund	−364K Sold out	0	—
Life Cycle Investment Partners Ltd	−357K −66.3%	181K	$40.6M
BNP Paribas Asset Management Holding S.A.	−322K −22.1%	1.1M	$254M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Fundsmith LLP Active manager	−1.3M −32.5%	2.6M	$583M
D. E. Shaw & Co., Inc. Hedge fund	−1.2M Sold out	0	—
Voloridge Investment Management, LLC Hedge fund	−1.0M −91.6%	92K	$20.6M
Qube Research & Technologies Ltd Hedge fund	−653K Sold out	0	—
Two Sigma Investments, LP Hedge fund	−562K −43.8%	720K	$161M
Worldquant Millennium Advisors LLC Hedge fund	−546K −52.8%	489K	$109M
Renaissance Technologies LLC Hedge fund	−540K −83.5%	107K	$24M
Millennium Management LLC Hedge fund	−493K −71.5%	197K	$44M
Holocene Advisors, LP Hedge fund	−482K Sold out	0	—
Alyeska Investment Group, L.P. Hedge fund	−364K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Schwartz Investment Counsel Inc	75K	$16.8M
Blue Sparrow, LLC	64K	$14.3M
Moran Wealth Management, LLC	44K	$9.8M
Diversify Advisory Services, LLC	36K	$9.3M
Summittx Capital, L.P.	40K	$9M
Sienna Gestion	33K	$7.5M
Skba Capital Management LLC	29K	$6.4M
Caprock Group, LLC	23K	$5.1M
Logan Capital Management Inc	22K	$4.8M
Susquehanna Portfolio Strategies, LLC	20K	$4.6M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
D. E. Shaw & Co., Inc.Hedge fund	1.2M	$241M
Qube Research & Technologies LtdHedge fund	653K	$133M
Holocene Advisors, LPHedge fund	482K	$97.9M
Alyeska Investment Group, L.P.Hedge fund	364K	$74M
Quadrature Capital LtdHedge fund	226K	$45.9M
Tudor Investment Corp Et AlHedge fund	168K	$34.2M
Freestone Grove Partners LPHedge fund	142K	$28.8M
Troy Asset Management LtdActive manager	108K	$21.9M
Aquatic Capital Management LLC	104K	$21.2M
Jacobs Levy Equity Management, IncActive manager	94K	$19.1M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 2,280
Ten largest holders: 44.5%
Index fund managers: 35.6%
Active managers and hedge funds: 15.6%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	32	57	2	15	+3.1M	+5.9%
Index fund managers	6	6	0	0	+2.1M	+1.6%
Other institutions	1,011	973	169	143	+2.5M	+1.5%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Automatic Data Processing.

Only managers that filed a holdings report for both quarters are compared (2,408 here). 71 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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