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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
KCM
276
Kornitzer Capital Management
Kansas
$7.25M -$131K -1,080 -2%
CAPTRUST Financial Advisors
277
CAPTRUST Financial Advisors
North Carolina
$7.22M -$2.42M -19,908 -25%
BLAM
278
Bourne Lent Asset Management
New York
$7.22M – – –
IMRF
279
Illinois Municipal Retirement Fund
Illinois
$7.17M – – –
IGAM
280
iA Global Asset Management
Quebec, Canada
$7.02M +$1.4M +11,549 +25%
RWM
281
Rench Wealth Management
Texas
$7.01M -$52.4K -432 -0.8%
HCM
282
Howland Capital Management
Massachusetts
$7M -$549K -4,520 -7%
QCM
283
QRG Capital Management
Illinois
$6.97M -$292K -2,404 -4%
SSWM
284
Sheets Smith Wealth Management
North Carolina
$6.96M +$850K +7,001 +14%
BWS
285
Buck Wealth Strategies
Colorado
$6.95M +$6.3M +51,868 +1,098%
NGA
286
Naples Global Advisors
Florida
$6.94M +$86.7K +714 +1%
CNB
287
Czech National Bank
Czech Republic
$6.92M +$4.61K +38 +0.1%
PAS
288
Park Avenue Securities
New York
$6.91M -$135K -1,109 -2%
CWM
289
CIBC World Markets
New York
$6.88M -$4.53M -37,296 -40%
URS
290
Utah Retirement Systems
Utah
$6.84M – – –
Wellington Management Group
291
Wellington Management Group
Massachusetts
$6.84M +$1.41M +11,577 +26%
CCG
292
Cypress Capital Group
Florida
$6.83M -$182K -1,502 -3%
DA
293
Dillon & Associates
Michigan
$6.83M -$106K -872 -2%
Focus Partners Wealth
294
Focus Partners Wealth
Massachusetts
$6.67M +$202K +1,668 +3%
AI
295
Atria Investments
North Carolina
$6.62M -$344K -2,834 -5%
TC
296
TwinBeech Capital
New York
$6.5M +$6.43M +52,962 New
SLA
297
Silver Lake Advisory
Utah
$6.41M +$120K +990 +2%
II
298
Inspire Investing
Idaho
$6.37M +$290K +2,388 +5%
Mercer Global Advisors
299
Mercer Global Advisors
Colorado
$6.34M -$535K -4,406 -8%
ACIM
300
Azimuth Capital Investment Management
Michigan
$6.32M +$260K +2,145 +4%
10 11
12
13 14

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.