ADP
Automatic Data Processing
7 super-investors hold ADP worth a combined $1.06B. The largest position: Terry Smith at 6.1% of their portfolio. This quarter the cohort logged 1 buy and 0 sells on the name. Cohort Conviction Score: 39 — ranked #138 of 724 scored stocks. Conviction rising: 1 more super-investor hold it than in 2025Q4.
Why super-investors own ADP
Cohort interest in ADP remains narrow but is showing early signs of expansion: ownership doubled from one to two holders in 2026Q1 when Francois Rochon initiated a new position now worth $85M and representing 3.1% of his portfolio. The sole prior holder, Terry Smith, remains the highest-conviction owner with a $270M stake at 6.1% of his portfolio — the largest concentration in the cohort. First Eagle Investment Management holds the largest absolute position at $579M but at a more modest 0.8% weight. No existing holders added, trimmed, or exited this quarter. With seven total owners and six quarters of flat ownership before this quarter's uptick, interest appears stable-to-gently-rising rather than a broad accumulation trend.
AI-synthesized from 13F filings. Not investment advice.
Cohort owners over time
2017Q2 → 2026Q1How many of the cohort members held this stock each quarter.
Owners (7) · click any column to sort
| #↑ | Manager | % Port. | History | Value | Shares |
|---|---|---|---|---|---|
| 1 | First Eagle Investment Management | 0.8% | 10q | $579M | 2,849,784 |
| 2 | Terry Smith | 6.1% | 17q | $270M | 1,327,309 |
| 3 | Francois Rochon | 3.1% | — 1q | $85M | 419,090 |
| 4 | Joel Greenblatt | 0.1% | 38q | $78M | 382,665 |
| 5 | Mairs & Power Funds | 0.3% | 40q | $25M | 124,436 |
| 6 | Jensen Investment Management | 0.4% | 40q | $21M | 104,897 |
| 7 | David Katz | 0.3% | 2q | $3M | 13,591 |
- 1First Eagle Investment Managementport0.8%val$579M2,849,784 sh·10q held
- 2Terry Smithport6.1%val$270M1,327,309 sh·17q held
- 3Francois Rochonport3.1%val$85M419,090 sh·—1q held
- 4Joel Greenblattport0.1%val$78M382,665 sh·38q held
- 5Mairs & Power Fundsport0.3%val$25M124,436 sh·40q held
- 6Jensen Investment Managementport0.4%val$21M104,897 sh·40q held
- 7David Katzport0.3%val$3M13,591 sh·2q held
Owners of ADP also hold
Recent activity (1)
| Manager | Move | % Port. | Δ Shares | Value | Filed |
|---|---|---|---|---|---|
| Francois Rochon | NEW | 3.1% | +100% | $85M | May 15, 2026 |
Long US equity 13F-HR filings only. CUSIP 053015103. Not investment advice.