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Paychex
PAYX

1,528 hedge funds and large institutions have $33.1B invested in Paychex in 2024 Q1 according to their latest regulatory filings, with 112 funds opening new positions, 536 increasing their positions, 602 reducing their positions, and 77 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more call options, than puts

Call options by funds: $303M | Put options by funds: $128M

45% more first-time investments, than exits

New positions opened: 112 | Existing positions closed: 77

1% more funds holding

Funds holding: 1,506 → 1,528 (+22)

4% more capital invested

Capital invested by funds: $32B → $33.1B (+$1.13B)

0.38% more ownership

Funds ownership: 74.66% → 75.04% (+0.38%)

6% less funds holding in top 10

Funds holding in top 10: 16 → 15 (-1)

11% less repeat investments, than reductions

Existing positions increased: 536 | Existing positions reduced: 602

Holders
1,528
Holders Change
+22
Holders Change %
+1.46%
% of All Funds
22.01%
Holding in Top 10
15
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-6.25%
% of All Funds
0.22%
New
112
Increased
536
Reduced
602
Closed
77
Calls
$303M
Puts
$128M
Net Calls
+$174M
Net Calls Change
+$85.9M

Top Buyers

1
Capital International Investors
Capital International Investors
California
+$288M
2
Charles Schwab
Charles Schwab
California
+$280M
3
Capital World Investors
Capital World Investors
California
+$183M
4
TD Asset Management
TD Asset Management
Ontario, Canada
+$96.3M
5
JP Morgan Chase
JP Morgan Chase
New York
+$95.4M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$431M
2
Morgan Stanley
Morgan Stanley
New York
-$422M
3
Barclays
Barclays
United Kingdom
-$108M
4
Holocene Advisors
Holocene Advisors
New York
-$103M
5
Select Equity Group
Select Equity Group
New York
-$94.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
COPPSERS
251
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$8.63M -$12.4K -102 -0.1%
CAC
252
Core Alternative Capital
Georgia
$8.63M -$966K -7,958 -10%
AB
253
Amalgamated Bank
New York
$8.59M -$1.3M -10,741 -13%
Brown Advisory
254
Brown Advisory
Maryland
$8.4M +$98.7K +813 +1%
P
255
Paradiem
Louisiana
$8.27M +$927K +7,636 +13%
CA
256
Cullinan Associates
Kentucky
$8.23M -$1.67M -13,768 -17%
TPSF
257
Texas Permanent School Fund
Texas
$8.13M -$22.1K -182 -0.3%
MPWT
258
MassMutual Private Wealth & Trust
Connecticut
$8.12M -$292K -2,406 -4%
II
259
IFM Investors
Australia
$8.02M -$100K -828 -1%
PP
260
Prudential plc
United Kingdom
$7.98M +$3.87M +31,874 +96%
MCM
261
Mattern Capital Management
Colorado
$7.93M +$508K +4,182 +7%
Voloridge Investment Management
262
Voloridge Investment Management
Florida
$7.92M -$10.8M -88,957 -58%
WC
263
Whitney & Co
New York
$7.91M -$231K -1,900 -3%
HI
264
Hendershot Investments
Virginia
$7.9M -$14K -115 -0.2%
Kayne Anderson Rudnick Investment Management
265
Kayne Anderson Rudnick Investment Management
California
$7.88M -$142K -1,166 -2%
PKC
266
Palmer Knight Company
Florida
$7.73M +$1.56M +12,852 +26%
Daiwa Securities Group
267
Daiwa Securities Group
Japan
$7.71M +$750K +6,178 +11%
NAM
268
Nissay Asset Management
Japan
$7.71M +$1.79M +14,735 +31%
RJT
269
Raymond James Trust
Florida
$7.6M -$174K -1,431 -2%
WSFS
270
Wilmington Savings Fund Society
Delaware
$7.54M +$7.45M +61,419 New
JWBC
271
J.W. Burns & Co
New York
$7.53M -$75.7K -624 -1%
CCA
272
Cobblestone Capital Advisors
New York
$7.45M -$97.2K -801 -1%
DnB Asset Management
273
DnB Asset Management
Norway
$7.44M -$9.37M -77,233 -56%
SRC
274
Stone Run Capital
New York
$7.38M -$118K -975 -2%
ClearBridge Investments
275
ClearBridge Investments
New York
$7.36M -$54.6K -450 -0.7%
9 10
11
12 13

PAYX Hedge Fund Activity: Q1 2024 in Review

1,528 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q1 2024, worth a combined $33.1B — up 3.5% from $32B a quarter earlier.

Buyers outnumbered sellers: 112 funds opened new PAYX positions and 77 closed out — a net gain of 35 holders — while 536 added to existing stakes and 602 trimmed.

The largest buyer was Capital International Investors, adding an estimated $288M. The largest seller was Fidelity Investments, cutting an estimated $431M.

  • 1,528 institutional investors held Paychex (PAYX) as of Q1 2024, up from 1,506 in Q4 2023.
  • Funds reported $33.1B of Paychex stock for Q1 2024, up 3.5% quarter-over-quarter.
  • 112 funds opened new Paychex positions in Q1 2024 and 77 closed out, a net change of +35 holders.
  • The largest Paychex buyer in Q1 2024 was Capital International Investors, an estimated $288M added.
  • The largest Paychex seller in Q1 2024 was Fidelity Investments, an estimated $431M sold.

Based on aggregated 13F filings for Q1 2024.