Brookstone Capital Management Reduces Stake in Automatic Data Processing

Hedge fund cuts holdings in payroll processing giant by 75% in Q4

Apr. 3, 2026 at 7:51am

Got story updates? Submit your updates here. ›

Brookstone Capital Management, a financial advisory firm, significantly reduced its stake in Automatic Data Processing, Inc. (NASDAQ: ADP) during the fourth quarter of 2025, selling over 40,000 shares and cutting its total holdings by 75.3%.

Why it matters

Automatic Data Processing is a major player in the payroll processing and HR services industry, so changes in institutional ownership of the stock can signal broader trends or shifts in investor sentiment around the company and the sector.

The details

According to a recent 13F filing with the SEC, Brookstone Capital Management owned just 13,221 shares of ADP as of the end of 2025, down from 53,523 shares held at the end of the third quarter. The firm cited the sale of 40,302 shares, a 75.3% reduction in its position. Brookstone's holdings in ADP were valued at approximately $3.4 million as of the most recent filing.

  • Brookstone Capital Management filed its Q4 2025 13F report on April 3, 2026.
  • The firm reduced its ADP stake during the fourth quarter of 2025.

The players

Brookstone Capital Management

A financial advisory firm that previously held a significant stake in Automatic Data Processing, Inc.

Automatic Data Processing, Inc.

A global provider of cloud-based human capital management and payroll solutions, headquartered in Roseland, New Jersey.

Got photos? Submit your photos here. ›

The takeaway

This reduction in institutional ownership of ADP stock could signal broader uncertainty or caution around the payroll processing industry, though the specific reasons behind Brookstone's portfolio move are not entirely clear from the limited information provided. Investors will likely watch for any further changes in major shareholders' positions in ADP going forward.