L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
34
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 19 listed it in both
Shares listed
42,162,843
combined, among listed positions
Reported value
$10.8bn
combined, at the quarter end

Among the 92 comparable managers: 19 buyers (opened or added shares) and 18 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +8,630,918.

Managers listing ADP in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

34 of 34 holders

ActionFiling
Invesco Ltd13,041,033$3.4bn0.32%Added+8,203,04019 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors8,393,607$2.2bn0.40%Added+372,41311 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP7,374,504$1.9bn0.33%Added+544,21017 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP5,985,052$1.5bn0.49%Trimmed-608,87717 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc1,407,711$362munder 0.1%Trimmed-47,55017 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)1,149,768$296munder 0.1%Trimmed-144,46817 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC1,095,784$282munder 0.1%Added+561,83217 Feb 2026 (the filing on sec.gov)
Millennium Management LLC797,889$205m0.09%Added+563,95117 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC518,161$133munder 0.1%Added+507,57012 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC378,778$97m0.05%Trimmed-119,97217 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC376,455$97m0.34%Added+151,71817 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP222,126$57munder 0.1%Trimmed-65,37813 Feb 2026 (the filing on sec.gov)
Acadian Asset Management LLC219,136$56m0.09%Trimmed-225,95110 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC205,303$53munder 0.1%Trimmed-37,69827 Oct 2026 (the filing on sec.gov)
Man Group PLC188,420$48m0.08%Trimmed-115,82517 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP131,959$34m0.07%Newnew17 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP130,284$34munder 0.1%Trimmed-10,09317 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.106,455$27munder 0.1%Added+2,41417 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp96,681$25munder 0.1%Added+23,57517 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC57,820$15munder 0.1%Added+51,82012 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP52,121$13munder 0.1%Added+10,81313 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd51,627$13munder 0.1%Trimmed-844,65317 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP49,691$13m0.43%Added+45,24110 Feb 2026 (the filing on sec.gov)
Woodline Partners LP25,452$6.5munder 0.1%Added+15,25217 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC18,866$4.9munder 0.1%Trimmed-20,97413 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
24 in Q3 2024 to 18 in Q2 2026

Tracked managers listing it, at least.

0102030402014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
ADP by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201317$4.7bnn.a.n.a.
Q3 201320$4.6bnn.a.n.a.
Q4 201319$4.5bnn.a.n.a.
Q1 201417$4.2bnn.a.n.a.
Q2 201419$4.6bnn.a.n.a.
Q3 201420$4.8bnn.a.n.a.
Q4 201419$4.7bnn.a.n.a.
Q1 201519$4.4bnn.a.n.a.
Q2 201524$4.1bnn.a.n.a.
Q3 201521$4.4bnn.a.n.a.
Q4 201520$4.4bnn.a.n.a.
Q1 201615$4.7bnn.a.n.a.
Q2 201624$4.5bnn.a.n.a.
Q3 201621$4.2bnn.a.n.a.
Q4 201616$4.6bnn.a.n.a.
Q1 201716$4.7bnn.a.n.a.
Q2 201718$5.2bnn.a.n.a.
Q3 201723$5.6bnn.a.n.a.
Q4 201730$6.5bnn.a.n.a.
Q1 201829$6.1bnn.a.n.a.
Q2 201833$6.6bnn.a.n.a.
Q3 201824$7.4bnn.a.n.a.
Q4 201829$6.2bnn.a.n.a.
Q1 201927$7.0bnn.a.n.a.
Q2 201921$6.8bnn.a.n.a.
Q3 201929$7.5bnn.a.n.a.
Q4 201926$6.8bnn.a.n.a.
Q1 202021$5.1bnn.a.n.a.
Q2 202020$6.1bnn.a.n.a.
Q3 202020$6.0bnn.a.n.a.
Q4 202020$7.4bnn.a.n.a.
Q1 202119$7.7bnn.a.n.a.
Q2 202118$7.5bnn.a.n.a.
Q3 202125$7.4bnn.a.n.a.
Q4 202124$8.3bnn.a.n.a.
Q1 202223$7.9bnn.a.n.a.
Q2 202229$7.6bnn.a.n.a.
Q3 202231$8.8bnn.a.n.a.
Q4 202227$8.3bnn.a.n.a.
Q1 202329$8.3bnn.a.n.a.
Q2 202330$8.3bnn.a.n.a.
Q3 202330$8.7bnn.a.n.a.
Q4 202330$8.0bn1813
Q1 202427$8.9bn1216
Q2 202426$7.8bn1217
Q3 202424$8.3bn1311
Q4 202421$8.9bn714
Q1 202527$9.4bn1512
Q2 202520$9.2bn1110
Q3 202520$9.1bn1110
Q4 202520$10.4bn1918
Q1 202624$10.2bn2415
Q2 202618$10.9bn1721

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

ADP and GOOGL →ADP and META →ADP and SPCX →Choose a stock to compare with ADP →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own ADP, latest filings →Back to the 13F Explorer →