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Francois Rochon's Giverny Capital increased its ADP position by 56%, from 3.12% to 4.93% of the portfolio.

Now holds 654,556 shares worth $146.59M.
Published · Based on SEC filings

Low impact
Major add
2026 Q2

Francois Rochon's Giverny Capital bought 235K shares more of Automatic Data Processing Inc (ADP) in 2026 Q2, according to the 13F-HR/A filed with the SEC on August 26, 2026, a 56% increase in the share count. Francois Rochon now holds 655K shares worth about $146.6M, 4.93% of the portfolio against 3.12% a quarter earlier.

What did the 2026 Q2 filing report for ADP?

As of June 30, 2026, from the 13F-HR/A filed August 26, 2026.

Before After
Shares 419K 655K
Shares added +235K (56%)
Reported value $85.2M $146.6M
Portfolio weight 3.12% 4.93%
Rank in portfolio 5th of 51

How much did Francois Rochon add to ADP?

Francois Rochon added 235K shares of ADP during 2026 Q2, taking the stake from 419K to 655K. The reported value of the position rose by about $61.4M, from about $85.2M to about $146.6M.

Where does ADP sit in the Francois Rochon portfolio?

ADP ranks 5th of 51 stock positions in the Francois Rochon portfolio at 4.93%, above the fund's average stock position of 2%. The ADP addition was the 3rd largest of the quarter's 56 position changes by percent change to portfolio. The largest stock position is GOOG at 7.19%. Next come HEI-A at 6.38% and META at 5.74%. The three largest stocks together are 19.3% of the book. Across the 2026 Q2 portfolio, Francois Rochon reported 51 stock positions, with 7 opened and 7 closed. The total portfolio value is about $3B, up 9% from the prior quarter.

Francois Rochon buys and sells, 2026 Q2

How long has Francois Rochon held ADP?

Francois Rochon first reported ADP in the quarter ended March 31, 2026. Every reported trade is on the Francois Rochon ADP trade history page.

Francois Rochon shares of ADP by quarter

Did other funds buy or sell ADP in 2026 Q2?

Among the other tracked funds that had filed for 2026 Q2 as of August 26, 2026, 2 hold ADP. Of those, 2 trimmed the position this quarter and none added. The largest sellers were Terry Smith, Eric H. Schoenstein and Torray Fund. Every tracked holder of ADP is on the ADP ownership page.

FAQ

How many ADP shares did Francois Rochon buy in 2026 Q2?

Francois Rochon added 235K shares of ADP, a 56% increase, to 655K shares.

What is the ADP position of Francois Rochon worth now?

The ADP position of Francois Rochon is worth about $146.6M at June 30, 2026 prices, 4.93% of the portfolio.

Is ADP a top holding of Francois Rochon?

ADP ranks 5th of 51 stock positions in the Francois Rochon portfolio, at 4.93%.

Did other funds add to ADP in 2026 Q2?

Among the 2 other tracked funds that hold ADP, none added to it in 2026 Q2 and 2 trimmed it.

Source: based on original SEC filings

Figures are from the fund's 13F, which lists long US-listed positions at quarter-end prices. Cash, short positions and most non-US holdings are not reported.
Stocks mentioned
Amelia Ingram
Amelia Ingram
Valuesider analyst