Grantham, Mayo, Van Otterloo & Co (GMO)’s Paychex PAYX Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-4,700	Closed	-$282K	–	622
2017 Q3	$282K	Sell	4,700 -253,951	-98%	-$14.5M	﹤0.01%	488
2017 Q2	$14.7M	Sell	258,651 -222,564	-46%	-$13.1M	0.08%	154
2017 Q1	$28.3M	Sell	481,215 -267,477	-36%	-$16.3M	0.17%	108
2016 Q4	$45.6M	Sell	748,692 -921,709	-55%	-$53.1M	0.25%	97
2016 Q3	$96.7M	Sell	1,670,401 -536,989	-24%	-$32.2M	0.47%	52
2016 Q2	$131M	Buy	2,207,390 +885,695	+67%	+$47.5M	0.54%	44
2016 Q1	$71.4M	Buy	1,321,695 +97,300	+8%	+$4.9M	0.27%	79
2015 Q4	$64.8M	Sell	1,224,395 -154,790	-11%	-$8.09M	0.23%	85
2015 Q3	$65.7M	Sell	1,379,185 -116,766	-8%	-$5.45M	0.23%	87
2015 Q2	$70.1M	Sell	1,495,951 -183,500	-11%	-$8.97M	0.23%	83
2015 Q1	$83.3M	Sell	1,679,451 -103,899	-6%	-$5.05M	0.25%	71
2014 Q4	$82.3M	Sell	1,783,350 -141,301	-7%	-$6.53M	0.22%	76
2014 Q3	$85.1M	Buy	1,924,651 +201,670	+12%	+$8.48M	0.23%	76
2014 Q2	$71.6M	Buy	1,722,981 +970,272	+129%	+$39.9M	0.19%	79
2014 Q1	$32.1M	Buy	752,709 +305,948	+68%	+$13M	0.08%	115
2013 Q4	$20.3M	Sell	446,761 -34,610	-7%	-$1.48M	0.05%	143
2013 Q3	$19.6M	Sell	481,371 -76,459	-14%	-$3.02M	0.05%	146
2013 Q2	$20.4M	Buy	+557,830	New	+$20.5M	0.05%	136