Fundsmith, a London-based investment firm, released its annual 2025 investor letter for its “Fundsmith Equity Fund,” focusing on global equities. The fund’s T Class Accumulation shares returned 0.8% in 2025, compared to 12.8% for the MSCI World Index. Fundsmith has outperformed the index by 1.7% p.a. since inception but faced challenges in 2025 due to index concentration, growth in Index Funds, and dollar weakness. The fund highlighted Automatic Data Processing, Inc. in its Q4 2025 letter, noting the company’s struggles in the US jobs market. ADP stock closed at $266.02 on January 9, 2026, with a market cap of $107.762 billion.

Although not among the 30 most popular stocks among hedge funds, ADP was held by 57 hedge fund portfolios in Q3 2025. While acknowledging ADP’s investment potential, some AI stocks may offer greater upside with less downside risk. Another article covered ADP as one of the best dividend aristocrat stocks to invest in. For more investor letters from hedge funds and leading investors, visit the hedge fund investor letters Q4 2025 page.

Read more at Yahoo Finance: Automatic Data Processing (ADP) Fell Due to Weakness in the US Job Market