Paychex
PAYX
938 hedge funds and large institutions have $15.4B invested in Paychex in 2018 Q1 according to their latest regulatory filings, with 79 funds opening new positions, 315 increasing their positions, 401 reducing their positions, and 83 closing their positions.
5% more call options, than puts
Call options by funds: $130M | Put options by funds: $124M
0.75% more ownership
Funds ownership: 68.94% → 69.69% (+0.75%)
5% less first-time investments, than exits
New positions opened: 79 | Existing positions closed: 83
1% less funds holding
Funds holding: 952 → 938 (-14)
8% less capital invested
Capital invested by funds: $16.8B → $15.4B (-$1.43B)
21% less repeat investments, than reductions
Existing positions increased: 315 | Existing positions reduced: 401
29% less funds holding in top 10
Funds holding in top 10: 21 → 15 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$79M |
| 2 |
Select Equity Group
New York
|
+$65.8M |
| 3 |
Schroder Investment Management Group
London,
United Kingdom
|
+$59.7M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
+$58.7M |
| 5 |
EVM
Eaton Vance Management
Boston,
Massachusetts
|
+$48.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
-$119M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$80.4M |
| 3 |
Morgan Stanley
New York
|
-$53.8M |
| 4 |
ECM
Element Capital Management
New York
|
-$43.8M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$40.6M |
PAYX Hedge Fund Activity: Q1 2018 in Review
938 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q1 2018, worth a combined $15.4B — down 8.5% from $16.8B a quarter earlier.
Sellers outnumbered buyers: 83 funds closed out of PAYX and 79 opened new positions — a net loss of 4 holders — while 401 trimmed existing stakes and 315 added.
The largest buyer was Bank of America, adding an estimated $79M. The largest seller was VOYA Investment Management, cutting an estimated $119M.
- 938 institutional investors held Paychex (PAYX) as of Q1 2018, down from 952 in Q4 2017.
- Funds reported $15.4B of Paychex stock for Q1 2018, down 8.5% quarter-over-quarter.
- 79 funds opened new Paychex positions in Q1 2018 and 83 closed out, a net change of -4 holders.
- The largest Paychex buyer in Q1 2018 was Bank of America, an estimated $79M added.
- The largest Paychex seller in Q1 2018 was VOYA Investment Management, an estimated $119M sold.
Based on aggregated 13F filings for Q1 2018.