Free · no sign-up · Q2 2026

Which funds own ADP

Automatic Data Processing In in the Q2 2026 filings. At least 8 of the 91 current managers on file reported a position, worth $9.9bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 8; at least, of 91 current
Combined value: $9.9bn; as reported
Opened: 0; new this quarter
Added to: 5; already held
Trimmed or sold out: 7; 4 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Invesco Ltd Long-only · $1264bn book	$3.0bn	0.2%	13,562,578	+$465m+902,206	Added
Wellington Management Group LLP Long-only · $580bn book	$2.2bn	0.4%	10,029,229	+$193m-75,157	Trimmed
Capital Research Global Investors Long-only · $717bn book	$1.9bn	0.3%	8,277,905	+$115m-278,215	Trimmed
First Eagle Investment Management LLC Activist · $60.8bn book	$1.2bn	1.9%	5,173,929	+$580m+2,324,145	Added
AllianceBernstein LP Long-only · $302bn book	$1.1bn	0.3%	5,183,777	-$259m+81,968	Added
Marshall Wace LLP Quantitative · $127bn book	$397m	0.3%	1,771,511	+$301m+1,298,807	Added
Two Sigma Investments LP Quantitative · $138bn book	$161m	0.1%	720,106	-$99m-562,131	Trimmed
Winton Group Ltd Quantitative · $3.1bn book	$14m	0.5%	64,440	+$10m+42,429	Added

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

D. E. Shaw & Co. · Quantitative$245m held before
Holocene Advisors LP · Long/short equity$98m held before
Freestone Grove Partners LP · Multi-strategy$29m held before
Quantbot Technologies LP · Quantitative$7.6m held before

Ownership through time

At least 18 of the 95 managers whose filings are on file listed ADP in Q2 2026, against 17 in Q2 2013. 6 managers fewer than in Q1 2026: 2 listed it again; 3 sold out, by their own filings; 5 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

No manager on file started a position.

Largest increases, by shares

First Eagle Investment Management LLC2,849,784 to 5,173,929 shares+$520m
Marshall Wace LLP472,704 to 1,771,511 shares+$291m
Invesco Ltd12,660,372 to 13,562,578 shares+$202m
AQR Capital Management LLC772,333 to 1,434,586 shares+$148m
Arrowstreet Capital LP287,714 to 571,227 shares+$63m

Largest decreases, by shares

Voloridge Investment Management LLC1,092,473 to 91,857 shares-$224m
Two Sigma Investments LP1,282,237 to 720,106 shares-$126m
Capital Research Global Investors8,556,120 to 8,277,905 shares-$62m
Man Group PLC241,302 to 124,979 shares-$26m
Wellington Management Group LLP10,104,386 to 10,029,229 shares-$17m

Left it

Manager	First listed	Largest	Q2 2026
Invesco Ltd	Q2 2013	$3.4bn	$3.0bn
Wellington Management Group LLP	Q2 2013	$2.2bn	$2.2bn
Capital Research Global Investors	Q2 2013	$2.4bn	$1.9bn
First Eagle Investment Management LLC	Q2 2013	$1.2bn	$1.2bn
AllianceBernstein LP	Q2 2013	$2.4bn	$1.1bn
Marshall Wace LLP	Q3 2014	$397m	$397m
AQR Capital Management LLC	Q4 2014	$321m	$321m
T. Rowe Price Associates Inc	Q2 2013	$499m	$276m
Two Sigma Investments LP	Q3 2013	$261m	$161m
Arrowstreet Capital LP	Q1 2017	$686m	$128m
Neuberger Berman Group LLC	Q2 2013	$133m	$74m
Acadian Asset Management LLC	Q4 2013	$168m	$61m
Point72 Asset Management LP	Q4 2017	$92m	$49m
Man Group PLC	Q1 2018	$168m	$28m
Voloridge Investment Management LLC	Q2 2016	$222m	$21m
Capital World Investors	Q2 2013	$1.2bn	last listed Q4 2022
Polen Capital Management LLC	Q3 2013	$1.1bn	last listed Q4 2025
Pershing Square Capital Management LP	Q2 2017	$1.0bn	last listed Q2 2019
Fidelity (FMR LLC)	Q3 2019	$810m	last listed Q1 2025
Harris Associates LP	Q2 2013	$563m	last listed Q4 2025
Janus Henderson Group Ltd	Q2 2013	$497m	last listed Q3 2025
D. E. Shaw & Co.	Q3 2013	$437m	last listed Q1 2026
Citadel Advisors LLC	Q4 2017	$372m	last listed Q4 2025
Two Sigma Advisers LP	Q4 2014	$318m	last listed Q1 2025
Millennium Management LLC	Q3 2013	$317m	last listed Q1 2026

What ADP is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around ADP →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

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