Paychex
PAYX
850 hedge funds and large institutions have $14.8B invested in Paychex in 2017 Q3 according to their latest regulatory filings, with 52 funds opening new positions, 323 increasing their positions, 331 reducing their positions, and 70 closing their positions.
188% more call options, than puts
Call options by funds: $139M | Put options by funds: $48.3M
7% more funds holding in top 10
Funds holding in top 10: 14 → 15 (+1)
6% more capital invested
Capital invested by funds: $14B → $14.8B (+$859M)
0.67% more ownership
Funds ownership: 68.13% → 68.81% (+0.67%)
2% less repeat investments, than reductions
Existing positions increased: 323 | Existing positions reduced: 331
3% less funds holding
Funds holding: 876 → 850 (-26)
26% less first-time investments, than exits
New positions opened: 52 | Existing positions closed: 70
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$249M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
+$85M |
| 3 |
Renaissance Technologies
New York
|
+$65.6M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$54.2M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$187M |
| 2 |
Janus Henderson Group
London,
United Kingdom
|
-$84.2M |
| 3 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$62M |
| 4 |
JP Morgan Chase
New York
|
-$48.9M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$45.7M |
PAYX Hedge Fund Activity: Q3 2017 in Review
850 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q3 2017, worth a combined $14.8B — up 6.1% from $14B a quarter earlier.
Sellers outnumbered buyers: 70 funds closed out of PAYX and 52 opened new positions — a net loss of 18 holders — while 331 trimmed existing stakes and 323 added.
The largest buyer was Bank of America, adding an estimated $249M. The largest seller was Capital International Investors, cutting an estimated $187M.
- 850 institutional investors held Paychex (PAYX) as of Q3 2017, down from 876 in Q2 2017.
- Funds reported $14.8B of Paychex stock for Q3 2017, up 6.1% quarter-over-quarter.
- 52 funds opened new Paychex positions in Q3 2017 and 70 closed out, a net change of -18 holders.
- The largest Paychex buyer in Q3 2017 was Bank of America, an estimated $249M added.
- The largest Paychex seller in Q3 2017 was Capital International Investors, an estimated $187M sold.
Based on aggregated 13F filings for Q3 2017.