Cliff Asness's ADP Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 498,750 shares of Automatic Data Processing, Inc. (ADP) worth $143.26 M, representing 0.09% of the portfolio. First purchased in 2012-Q4, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in ADP, representing a significant commitment to this investment thesis. Largest addition occurred in Q3 2021, adding 321,934 shares. Largest reduction occurred in Q4 2015, reducing 198,983 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Automatic Data Processing (ADP) Holding Value Over Time
Track share changes against reported price movement
Quarterly Automatic Data Processing (ADP) Trades by Cliff Asness
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2012 | +86,945 | Add 0.00% | 86,944 | $57.01 |
| Q2 2013 | +80,438 | Add 0.00% | 80,437 | $68.86 |
| Q3 2013 | +64,567 | Add 80.27% | 145,004 | $72.38 |
| Q4 2013 | -22,658 | Reduce 15.63% | 122,346 | $80.81 |
| Q1 2014 | +11,600 | Add 9.48% | 133,946 | $77.26 |
| Q2 2014 | -12,000 | Reduce 8.96% | 121,946 | $79.28 |
| Q3 2014 | +10,196 | Add 8.36% | 132,142 | $83.08 |
| Q4 2014 | +124,166 | Add 93.96% | 256,308 | $83.37 |
| Q1 2015 | -34,050 | Reduce 13.28% | 222,258 | $85.64 |
| Q2 2015 | +193,124 | Add 86.89% | 415,382 | $80.23 |
| Q3 2015 | +80,286 | Add 19.33% | 495,668 | $80.36 |
| Q4 2015 | -198,983 | Reduce 40.14% | 296,685 | $84.72 |
| Q1 2016 | -83,158 | Reduce 28.03% | 213,527 | $89.71 |
| Q2 2016 | +67,680 | Add 31.70% | 281,207 | $91.87 |
| Q3 2016 | -38,119 | Reduce 13.56% | 243,088 | $88.20 |
| Q4 2016 | -29,892 | Reduce 12.30% | 213,196 | $102.78 |
| Q1 2017 | +9,060 | Add 4.25% | 222,256 | $102.39 |
| Q2 2017 | -21,296 | Reduce 9.58% | 200,960 | $102.46 |
| Q3 2017 | -7,329 | Reduce 3.65% | 193,631 | $109.32 |
| Q4 2017 | +282,578 | Add 145.94% | 476,209 | $117.19 |
| Q1 2018 | +18,750 | Add 3.94% | 494,959 | $113.48 |
| Q2 2018 | -65,437 | Reduce 13.22% | 429,522 | $134.14 |
| Q3 2018 | +53,683 | Add 12.50% | 483,205 | $150.66 |
| Q4 2018 | +47,421 | Add 9.81% | 530,626 | $131.12 |
| Q1 2019 | -109,417 | Reduce 20.62% | 421,209 | $159.74 |
| Q2 2019 | +56,719 | Add 13.47% | 477,928 | $165.33 |
| Q3 2019 | -17,832 | Reduce 3.73% | 460,096 | $161.42 |
| Q4 2019 | -24,572 | Reduce 5.34% | 435,524 | $170.50 |
| Q1 2020 | -67,396 | Reduce 15.47% | 368,128 | $136.68 |
| Q2 2020 | +35,230 | Add 9.57% | 403,358 | $147.12 |
| Q3 2020 | +304,708 | Add 75.54% | 708,066 | $139.39 |
| Q4 2020 | -175,613 | Reduce 24.80% | 532,453 | $174.27 |
| Q1 2021 | -50,243 | Reduce 9.44% | 482,210 | $187.44 |
| Q2 2021 | -185,009 | Reduce 38.37% | 297,201 | $198.00 |
| Q3 2021 | +321,934 | Add 108.32% | 619,135 | $199.92 |
| Q4 2021 | +25,063 | Add 4.05% | 644,198 | $245.47 |
| Q1 2022 | -145,183 | Reduce 22.54% | 499,015 | $227.54 |
| Q2 2022 | -115,266 | Reduce 23.10% | 383,749 | $210.04 |
| Q3 2022 | -48,392 | Reduce 12.61% | 335,357 | $226.19 |
| Q4 2022 | +17,751 | Add 5.29% | 353,108 | $238.55 |
| Q1 2023 | +28,681 | Add 8.12% | 381,789 | $220.26 |
| Q2 2023 | -42,587 | Reduce 11.15% | 339,202 | $219.65 |
| Q3 2023 | +15,039 | Add 4.43% | 354,241 | $240.58 |
| Q4 2023 | -6,615 | Reduce 1.87% | 347,626 | $232.97 |
| Q1 2024 | -34,817 | Reduce 10.02% | 312,809 | $249.74 |
| Q2 2024 | +42,969 | Add 13.74% | 355,778 | $238.69 |
| Q3 2024 | +111,370 | Add 31.30% | 467,148 | $273.22 |
| Q4 2024 | +48,422 | Add 10.37% | 515,570 | $292.73 |
| Q1 2025 | -38,067 | Reduce 7.38% | 477,503 | $301.97 |
| Q2 2025 | -15,813 | Reduce 3.31% | 461,690 | $305.05 |
| Q3 2025 | +37,060 | Add 8.03% | 498,750 | $287.23 |
Cliff Asness's Automatic Data Processing Investment FAQs
Cliff Asness first purchased Automatic Data Processing, Inc. (ADP) in Q4 2012, acquiring 86,944 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Automatic Data Processing, Inc. (ADP) for 52 quarters since Q4 2012. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to Automatic Data Processing, Inc. (ADP) was in Q3 2021, adding 619,135 shares worth $123.78 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 498,750 shares of Automatic Data Processing, Inc. (ADP), valued at approximately $143.26 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Automatic Data Processing, Inc. (ADP) represents approximately 0.09% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in Automatic Data Processing, Inc. (ADP) was 708,066 shares, as reported at the end of Q3 2020. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.