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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
RFC
326
Regions Financial Corp
Alabama
$5.52M -$101K -834 -2%
SCM
327
Shelton Capital Management
Colorado
$5.52M +$81.7K +673 +2%
MIF
328
Mediolanum International Funds
Ireland
$5.45M +$5.45M +44,875 New
MC
329
Miramar Capital
Illinois
$5.43M +$102K +839 +2%
Northwestern Mutual Wealth Management
330
Northwestern Mutual Wealth Management
Wisconsin
$5.36M -$167K -1,374 -3%
CC
331
Chicago Capital
Illinois
$5.3M – – –
YCM
332
Yousif Capital Management
Michigan
$5.29M -$125K -1,031 -2%
SC
333
Sawyer & Company
Massachusetts
$5.26M +$55.5K +457 +1%
IMCOOI
334
Investment Management Corp of Ontario (IMCO)
Canada
$5.25M -$291K -2,400 -5%
AMM
335
American Money Management
California
$5.21M +$41.5K +342 +0.8%
KAS
336
Kestra Advisory Services
Texas
$5.18M +$106K +870 +2%
MOACM
337
Mutual of America Capital Management
New York
$5.16M -$125K -1,034 -2%
BWP
338
Baldwin Wealth Partners
Massachusetts
$5.1M -$331K -2,729 -6%
TCOV
339
Trust Company of Vermont
Vermont
$5.09M -$467K -3,847 -9%
AAM
340
Auxier Asset Management
Oregon
$5.05M -$30.3K -250 -0.6%
GAM
341
Gotham Asset Management
New York
$4.96M +$2.12M +17,478 +76%
JFG
342
Jefferies Financial Group
New York
$4.95M -$946K -7,794 -16%
CA
343
Cetera Advisors
Colorado
$4.92M +$2.07M +17,056 +74%
EA
344
Ellsworth Advisors
Ohio
$4.9M +$206K +1,701 +4%
FC
345
FORA Capital
Florida
$4.89M +$3.62M +29,843 +299%
YIA
346
YHB Investment Advisors
Connecticut
$4.88M -$222K -1,832 -4%
CMP
347
Coston McIsaac & Partners
Maine
$4.86M +$143K +1,181 +3%
BCIM
348
British Columbia Investment Management
British Columbia, Canada
$4.75M +$150K +1,237 +3%
ACM
349
Argyle Capital Management
Pennsylvania
$4.66M -$188K -1,550 -4%
SFI
350
Siemens Fonds Invest
Germany
$4.65M +$338K +2,786 +8%
12 13
14
15 16

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.