Paycom
PAYC
675 hedge funds and large institutions have $9.34B invested in Paycom in 2023 Q4 according to their latest regulatory filings, with 110 funds opening new positions, 274 increasing their positions, 217 reducing their positions, and 129 closing their positions.
26% more repeat investments, than reductions
Existing positions increased: 274 | Existing positions reduced: 217
2.95% more ownership
Funds ownership: 72.29% → 75.24% (+3%)
10% less call options, than puts
Call options by funds: $382M | Put options by funds: $423M
4% less funds holding
Funds holding: 705 → 675 (-30)
15% less first-time investments, than exits
New positions opened: 110 | Existing positions closed: 129
17% less capital invested
Capital invested by funds: $11.3B → $9.34B (-$1.95B)
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$361M |
| 2 |
Harris Associates
Chicago,
Illinois
|
+$200M |
| 3 |
D.E. Shaw & Co
New York
|
+$130M |
| 4 |
Voloridge Investment Management
Jupiter,
Florida
|
+$129M |
| 5 |
VH
ValueAct Holdings
San Francisco,
California
|
+$129M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ESCM
Echo Street Capital Management
New York
|
-$273M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$180M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$161M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
-$158M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$147M |
PAYC Hedge Fund Activity: Q4 2023 in Review
675 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Paycom (PAYC) for Q4 2023, worth a combined $9.34B — down 17% from $11.3B a quarter earlier.
Sellers outnumbered buyers: 129 funds closed out of PAYC and 110 opened new positions — a net loss of 19 holders — while 217 trimmed existing stakes and 274 added.
The largest buyer was Morgan Stanley, adding an estimated $361M. The largest seller was Echo Street Capital Management, exiting entirely with an estimated $273M sold.
- 675 institutional investors held Paycom (PAYC) as of Q4 2023, down from 705 in Q3 2023.
- Funds reported $9.34B of Paycom stock for Q4 2023, down 17% quarter-over-quarter.
- 110 funds opened new Paycom positions in Q4 2023 and 129 closed out, a net change of -19 holders.
- The largest Paycom buyer in Q4 2023 was Morgan Stanley, an estimated $361M added.
- The largest Paycom seller in Q4 2023 was Echo Street Capital Management, an estimated $273M sold.
Based on aggregated 13F filings for Q4 2023.