Billionaires Unloaded These 24 Stocks In Q2

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21. Automatic Data Processing (ADP, $139.61)

Forbes

Winslow Capital Management takes care of more than $20.5 billion for its stable of clients. None of that is invested in Automatic Data Processing anymore. Q2 2020 saw the complete offload of ADP holdings by Winslow. They weren’t the only institutional investors who sold 100% of their ADP stock, and likely made middling profits on the sale. As of the Q1, ADP accounted for 1.4% of Winslow’s assets, but of the ten stocks they closed out of 2020, only one — Amgen at 1.9%, had a higher weighting in Q1.