Martingale Asset Management Reduces Stake in Automatic Data Processing

Institutional investor lowers holdings in business services provider ADP

Mar. 13, 2026 at 10:53am

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Martingale Asset Management L.P. lowered its stake in Automatic Data Processing, Inc. (NASDAQ:ADP) by 9.1% during the 3rd quarter, according to a recent SEC filing. The institutional investor now owns 75,621 shares of the business services provider's stock, valued at $22,195,000.

Why it matters

This filing provides insight into the investment decisions of Martingale Asset Management, a prominent institutional investor. Changes in large investor holdings can signal broader market trends and influence the stock price of companies like Automatic Data Processing.

The details

In its 13F filing, Martingale Asset Management reported selling 7,600 shares of Automatic Data Processing during the third quarter. The firm now holds a total of 75,621 shares in the business services provider, which provides payroll, HR, and other workforce management solutions.

  • Martingale Asset Management lowered its ADP stake during the 3rd quarter of 2026.

The players

Martingale Asset Management L.P.

An institutional investment management firm that has reduced its holdings in Automatic Data Processing.

Automatic Data Processing, Inc.

A leading provider of cloud-based human capital management and payroll solutions for employers of all sizes.

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The takeaway

This filing highlights the shifting investment strategies of major institutional players like Martingale Asset Management, which may signal broader market trends or concerns about Automatic Data Processing's outlook. However, the company remains a dominant force in its industry.