Oak Thistle LLC Acquires New Stake in Automatic Data Processing, Inc. $ADP

The firm acquired 13,333 shares of the business services provider's stock, valued at approximately $3,430,000.

Apr. 8, 2026 at 11:52am

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Oak Thistle LLC acquired a new stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) in the 4th quarter, according to the company's most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 13,333 shares of the business services provider's stock, valued at approximately $3,430,000.

Why it matters

This acquisition by Oak Thistle LLC represents a new investment in Automatic Data Processing, a leading provider of payroll, HR, and other business services. The move signals confidence in ADP's long-term growth prospects and the firm's belief that the stock is undervalued.

The details

According to the 13F filing, Automatic Data Processing accounts for approximately 0.5% of Oak Thistle LLC's holdings, making the stock its 19th largest position. Several other hedge funds have also recently added to or reduced their stakes in ADP.

  • Oak Thistle LLC acquired the new stake in the 4th quarter of the year.
  • The 13F filing was submitted on April 8, 2026.

The players

Oak Thistle LLC

An investment management firm that has acquired a new 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.

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The takeaway

This investment by Oak Thistle LLC reflects broader confidence in Automatic Data Processing's business model and growth potential, even as the stock has faced some recent headwinds. The acquisition signals that some institutional investors see value in ADP's shares at current levels.