L3VLUP
Quarter end
31 Mar 2025
the date the book describes
Filed
5 Nov 2026
latest of these filings; the earliest 12 May 2025
Managers listing it
27
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q4 2024 and Q1 2025; 18 listed it in both
Shares listed
30,846,515
combined, among listed positions
Reported value
$9.4bn
combined, at the quarter end

Among the 95 comparable managers: 15 buyers (opened or added shares) and 12 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing ADP in Q1 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q4 2024, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

27 of 27 holders

ActionFiling
AllianceBernstein LP7,396,991$2.3bn0.82%Trimmed-177,05615 May 2025 (the filing on sec.gov)
Capital Research Global Investors6,960,115$2.1bn0.46%Added+823,35212 May 2025 (the filing on sec.gov)
Wellington Management Group LLP4,657,707$1.4bn0.27%Trimmed-1,016,76013 May 2025 (the filing on sec.gov)
Invesco Ltd4,031,713$1.2bn0.23%Added+145,16112 May 2025 (the filing on sec.gov)
Fidelity (FMR LLC)1,518,291$464munder 0.1%Addedn.a.5 Nov 2026 (the filing on sec.gov)
Janus Henderson Group Ltd1,351,419$407m0.22%Trimmed-344,85215 May 2025 (the filing on sec.gov)
T. Rowe Price Associates Inc1,325,371$405munder 0.1%Trimmed-64,02914 May 2025 (the filing on sec.gov)
Citadel Advisors LLC604,106$185munder 0.1%Trimmed-665,11115 May 2025 (the filing on sec.gov)
AQR Capital Management LLC477,503$144m0.15%Trimmed-38,06715 May 2025 (the filing on sec.gov)
Acadian Asset Management LLC327,322$100m0.28%Trimmed-24,52521 May 2025 (the filing on sec.gov)
Voloridge Investment Management LLC311,259$95m0.35%Added+46,95915 May 2025 (the filing on sec.gov)
Neuberger Berman Group LLC246,730$75m0.06%Added+14,14427 Oct 2026 (the filing on sec.gov)
Marshall Wace LLP216,313$66m0.08%Addedn.a.15 May 2025 (the filing on sec.gov)
Man Group PLC201,641$62m0.16%Added+62,73315 May 2025 (the filing on sec.gov)
Arrowstreet Capital LP194,500$59munder 0.1%Addedn.a.14 May 2025 (the filing on sec.gov)
D. E. Shaw & Co.169,650$52munder 0.1%Trimmedn.a.15 May 2025 (the filing on sec.gov)
Polen Capital Management LLC166,526$51m0.16%Trimmed-13,22312 May 2025 (the filing on sec.gov)
Holocene Advisors LP116,898$36m0.10%Added+100,48215 May 2025 (the filing on sec.gov)
Caxton Associates LLP109,762$34m1.17%Newnew16 May 2025 (the filing on sec.gov)
Verition Fund Management LLC99,258$30m0.14%Added+10,81115 May 2025 (the filing on sec.gov)
Two Sigma Investments LP88,992$27m0.06%Trimmed-53,47015 May 2025 (the filing on sec.gov)
Two Sigma Advisers LP83,600$26m0.06%Trimmed-74,90015 May 2025 (the filing on sec.gov)
Point72 Asset Management LP82,523$25m0.06%Addedn.a.21 Jul 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC75,146$23m0.14%Addedn.a.15 May 2025 (the filing on sec.gov)
ExodusPoint Capital Management LP22,806$7.0m0.07%Newnew14 May 2025 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q4 2024 to Q1 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 →