Who owns ADP (ADP)
Which tracked institutional funds hold ADP, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ADP company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on ADP is one-sided between 2025-Q4 and 2026-Q1: 216 added or opened and 1105 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
ADP’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.2% of theirs — a 0.0pp gap the other way — the median holder sizes ADP more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in ADP divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 2254 tracked filers holding ADP, 922 increased or opened the position and 1347 reduced or closed it; over the same quarter, open-market insider Form 4 buying and selling roughly offset.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in ADP between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 91
- VANGUARD CAPITAL MANAGEMENT LLC$5.3B
- VANGUARD PORTFOLIO MANAGEMENT LLC$2.2B
- First Eagle Investment Management, LLC$579M
- VANGUARD FIDUCIARY TRUST CO$471M
- CIBC Bancorp USA Inc.$351M
- TWO SIGMA INVESTMENTS, LP$261M
Full exits 107
- VANGUARD GROUP INC$10.7B
- CIBC Private Wealth Group LLC$296M
- Weiss Asset Management LP$82M
- COMERICA BANK$67M
- NewEdge Advisors, LLC$55M
- FORSTA AP-FONDEN$36M
Largest adds
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$1.7B
- Invesco Ltd.$700M
- D. E. Shaw & Co., Inc.$213M
- WELLINGTON MANAGEMENT GROUP LLP$156M
- WORLDQUANT MILLENNIUM ADVISORS LLC$127M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$125M
Largest trims
- BlackRock, Inc.$2.6B
- MORGAN STANLEY$1.4B
- Bank of New York Mellon Corp$988M
- STATE STREET CORP$945M
- NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO$597M
- GEODE CAPITAL MANAGEMENT, LLC$540M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 33,292,093 | $6.8B | 9.8% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 26,150,698 | $5.3B | 7.7% | 2026-Q1 |
| STATE STREET CORP added | 19,326,803 | $4.0B | 5.7% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 11,993,206 | $2.4B | 3.5% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 11,561,745 | $2.3B | 3.4% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 11,052,077 | $2.2B | 3.2% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP added | 10,104,386 | $2.1B | 3.0% | 2026-Q1 |
| Capital Research Global Investors added | 8,556,120 | $1.7B | 2.5% | 2026-Q1 |
| Invesco Ltd. added | 8,450,607 | $1.7B | 2.5% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 6,907,706 | $1.4B | 2.0% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 5,101,809 | $1.3B | 1.9% | 2026-Q1 |
| MORGAN STANLEY trimmed | 6,394,435 | $1.3B | 1.9% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 6,000,697 | $1.2B | 1.8% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 5,258,842 | $1.1B | 1.5% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 4,363,106 | $886M | 1.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 4,122,071 | $838M | 1.2% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 4,074,317 | $828M | 1.2% | 2026-Q1 |
| Fundsmith LLP trimmed | 3,855,105 | $783M | 1.1% | 2026-Q1 |
| STATE FARM MUTUAL AUTOMOBILE INSURANCE CO | 3,657,287 | $743M | 1.1% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 3,244,353 | $659M | 1.0% | 2026-Q1 |
| Amundi added | 3,034,002 | $616M | 0.9% | 2026-Q1 |
| UBS Group AG added | 2,971,847 | $604M | 0.9% | 2026-Q1 |
| First Eagle Investment Management, LLC new | 2,849,784 | $579M | 0.8% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 2,838,714 | $577M | 0.8% | 2026-Q1 |
| Legal & General Group Plc added | 2,700,713 | $549M | 0.8% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 2,497,861 | $508M | 0.7% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 2,481,417 | $504M | 0.7% | 2026-Q1 |
| NORGES BANK trimmed | 1,646,814 | $503M | 0.7% | 2026-Q1 |
| BARCLAYS PLC added | 2,423,330 | $492M | 0.7% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 2,413,934 | $491M | 0.7% | 2026-Q1 |
| Clearbridge Investments, LLC added | 2,398,931 | $487M | 0.7% | 2026-Q1 |
| Ninety One UK Ltd trimmed | 2,363,827 | $480M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 2,318,320 | $471M | 0.7% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 2,167,788 | $445M | 0.6% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 1,832,880 | $372M | 0.5% | 2026-Q1 |
| CIBC Bancorp USA Inc. added | 1,726,502 | $351M | 0.5% | 2026-Q1 |
| Nuveen, LLC trimmed | 1,658,062 | $337M | 0.5% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 1,456,250 | $296M | 0.4% | 2026-Q1 |
| Fayez Sarofim & Co trimmed | 1,369,729 | $278M | 0.4% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 1,367,620 | $278M | 0.4% | 2026-Q1 |
| FUNDSMITH INVESTMENT SERVICES LTD. trimmed | 1,327,309 | $270M | 0.4% | 2026-Q1 |
| VICTORY CAPITAL MANAGEMENT INC added | 1,302,229 | $265M | 0.4% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 1,282,237 | $261M | 0.4% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 1,235,571 | $251M | 0.4% | 2026-Q1 |
| ProShare Advisors LLC trimmed | 1,220,367 | $248M | 0.4% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 1,205,830 | $245M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 1,199,930 | $244M | 0.4% | 2026-Q1 |
| Swiss National Bank added | 1,186,920 | $241M | 0.3% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 1,185,559 | $241M | 0.3% | 2026-Q1 |
| BLS CAPITAL FONDSMAEGLERSELSKAB A/S added | 1,178,347 | $239M | 0.3% | 2026-Q1 |
| NORDEA INVESTMENT MANAGEMENT AB trimmed | 1,155,795 | $235M | 0.3% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 1,092,473 | $222M | 0.3% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 1,059,930 | $215M | 0.3% | 2026-Q1 |
| WORLDQUANT MILLENNIUM ADVISORS LLC added | 1,035,232 | $210M | 0.3% | 2026-Q1 |
| FMR LLC trimmed | 1,028,800 | $209M | 0.3% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 1,024,283 | $208M | 0.3% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. trimmed | 1,023,615 | $208M | 0.3% | 2026-Q1 |
| National Pension Service added | 979,905 | $199M | 0.3% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 957,397 | $195M | 0.3% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 902,136 | $183M | 0.3% | 2026-Q1 |
| AVIVA PLC trimmed | 864,393 | $176M | 0.3% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 815,618 | $166M | 0.2% | 2026-Q1 |
| BAHL & GAYNOR INC trimmed | 796,793 | $162M | 0.2% | 2026-Q1 |
| BANK OF MONTREAL /CAN/ trimmed | 791,498 | $161M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 780,984 | $159M | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 771,733 | $157M | 0.2% | 2026-Q1 |
| Local Pensions Partnership Investment Ltd | 721,272 | $147M | 0.2% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 689,547 | $140M | 0.2% | 2026-Q1 |
| Navera Investment Management Ltd. trimmed | 676,863 | $138M | 0.2% | 2026-Q1 |
| CAPITAL COUNSEL LLC/NY trimmed | 675,658 | $137M | 0.2% | 2026-Q1 |
| LPL Financial LLC trimmed | 655,251 | $133M | 0.2% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 653,147 | $133M | 0.2% | 2026-Q1 |
| TD Asset Management Inc trimmed | 646,970 | $131M | 0.2% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 646,820 | $131M | 0.2% | 2026-Q1 |
| Robeco Institutional Asset Management B.V. added | 636,645 | $129M | 0.2% | 2026-Q1 |
| SG Americas Securities, LLC added | 635,921 | $129M | 0.2% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 633,103 | $129M | 0.2% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 626,473 | $127M | 0.2% | 2026-Q1 |
| Daiwa Securities Group Inc. added | 610,039 | $124M | 0.2% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 599,421 | $122M | 0.2% | 2026-Q1 |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA trimmed | 605,915 | $114M | 0.2% | 2026-Q1 |
| Mirae Asset Global Investments Co., Ltd. added | 543,264 | $110M | 0.2% | 2026-Q1 |
| Russell Investments Group, Ltd. trimmed | 541,355 | $110M | 0.2% | 2026-Q1 |
| Williams Jones Wealth Management, LLC. trimmed | 539,625 | $110M | 0.2% | 2026-Q1 |
| Life Cycle Investment Partners Ltd added | 538,029 | $109M | 0.2% | 2026-Q1 |
| KBC Group NV added | 531,461 | $108M | 0.2% | 2026-Q1 |
| FIFTH THIRD BANCORP added | 528,587 | $107M | 0.2% | 2026-Q1 |
| Pictet Asset Management Holding SA trimmed | 524,025 | $106M | 0.2% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP trimmed | 521,700 | $106M | 0.2% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 519,024 | $105M | 0.2% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH trimmed | 499,572 | $102M | 0.1% | 2026-Q1 |
| US BANCORP \DE\ trimmed | 499,670 | $102M | 0.1% | 2026-Q1 |
| PFA Pension, Forsikringsaktieselskab trimmed | 499,640 | $102M | 0.1% | 2026-Q1 |
| DekaBank Deutsche Girozentrale | 482,230 | $101M | 0.1% | 2026-Q1 |
| CAPTRUST FINANCIAL ADVISORS added | 486,903 | $99M | 0.1% | 2026-Q1 |
| Holocene Advisors, LP added | 482,000 | $98M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 41,564,738 | $10.7B | 15.4% | 2025-Q4 stale |
| CIBC Private Wealth Group LLC trimmed | 1,150,563 | $296M | 0.4% | 2025-Q4 stale |
| AXA Investment Managers S.A. new | 515,979 | $151M | 0.2% | 2025-Q3 stale |
| AXA S.A. trimmed | 463,465 | $143M | 0.2% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.