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Paychex
PAYX

1,080 hedge funds and large institutions have $20.3B invested in Paychex in 2019 Q1 according to their latest regulatory filings, with 130 funds opening new positions, 398 increasing their positions, 382 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

194% more call options, than puts

Call options by funds: $241M | Put options by funds: $81.9M

73% more first-time investments, than exits

New positions opened: 130 | Existing positions closed: 75

35% more funds holding in top 10

Funds holding in top 10: 23 → 31 (+8)

28% more capital invested

Capital invested by funds: $15.9B → $20.3B (+$4.45B)

4% more funds holding

Funds holding: 1,035 → 1,080 (+45)

2.02% more ownership

Funds ownership: 68.91% → 70.93% (+2%)

4% more repeat investments, than reductions

Existing positions increased: 398 | Existing positions reduced: 382

Holders
1,080
Holders Change
+45
Holders Change %
+4.35%
% of All Funds
23.38%
Holding in Top 10
31
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+34.78%
% of All Funds
0.67%
New
130
Increased
398
Reduced
382
Closed
75
Calls
$241M
Puts
$81.9M
Net Calls
+$159M
Net Calls Change
+$94.3M

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$448M
2
BlackRock
BlackRock
New York
+$253M
3
GT
Glenmede Trust
Pennsylvania
+$65.6M
4
APG Asset Management
APG Asset Management
Netherlands
+$49.6M
5
TCIM
TIAA CREF Investment Management
New York
+$36.1M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$112M
2
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$90.5M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$77.6M
4
Select Equity Group
Select Equity Group
New York
-$70.2M
5
Morgan Stanley
Morgan Stanley
New York
-$50.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
MCM
376
Monument Capital Management
Virginia
$2.75M -$56.3K -764 -2%
WB
377
Webster Bank
Connecticut
$2.75M +$77.2K +1,047 +3%
CC
378
Chicago Capital
Illinois
$2.71M +$95.9K +1,300 +4%
Natixis Advisors
379
Natixis Advisors
Massachusetts
$2.69M +$242K +3,285 +11%
CCM
380
Cadence Capital Management
Massachusetts
$2.67M -$51.2K -695 -2%
SAM
381
Securian Asset Management
Minnesota
$2.65M +$23.7K +322 +1%
ASN
382
Advisory Services Network
Georgia
$2.64M +$73.2K +992 +3%
BC
383
Burney Company
Virginia
$2.6M +$183K +2,486 +8%
FL
384
Fort LP
Maryland
$2.57M +$595K +8,067 +34%
RP
385
Riverbridge Partners
Minnesota
$2.55M -$5.53K -75 -0.2%
TRSOTSOK
386
Teachers Retirement System of the State of Kentucky
Kentucky
$2.55M -$166K -2,250 -7%
TCM
387
Tributary Capital Management
Nebraska
$2.53M +$686K +9,300 +42%
PIA
388
Piedmont Investment Advisors
North Carolina
$2.52M +$82.1K +1,114 +4%
AAM
389
Arabesque Asset Management
United Kingdom
$2.5M +$1.99M +26,959 +642%
CAM
390
Cozad Asset Management
Illinois
$2.5M +$13.2K +179 +0.6%
FA
391
FDx Advisors
Illinois
$2.49M -$186K -2,524 -8%
CA
392
Cornerstone Advisors
North Carolina
$2.49M +$2.29M +31,000 New
BCA
393
Bray Capital Advisors
Florida
$2.46M +$21.1K +286 +0.9%
FC
394
Forte Capital
New York
$2.45M -$92.7K -1,257 -4%
ST
395
Somerset Trust
Pennsylvania
$2.44M +$12.5K +169 +0.6%
PAM
396
Panagora Asset Management
Massachusetts
$2.44M -$384K -5,207 -15%
DADC
397
D.A. Davidson & Co
Montana
$2.4M -$92.7K -1,257 -4%
CC
398
Courier Capital
New York
$2.4M +$74 +1 +0%
SLG
399
Stanley-Laman Group
Pennsylvania
$2.39M +$30.9K +419 +1%
RB
400
Rodgers Brothers
Pennsylvania
$2.38M -$651K -8,835 -23%
14 15
16
17 18

PAYX Hedge Fund Activity: Q1 2019 in Review

1,080 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q1 2019, worth a combined $20.3B — up 28% from $15.9B a quarter earlier.

Buyers outnumbered sellers: 130 funds opened new PAYX positions and 75 closed out — a net gain of 55 holders — while 398 added to existing stakes and 382 trimmed.

The largest buyer was Bank of America, adding an estimated $448M. The largest seller was Citadel Advisors, cutting an estimated $112M.

  • 1,080 institutional investors held Paychex (PAYX) as of Q1 2019, up from 1,035 in Q4 2018.
  • Funds reported $20.3B of Paychex stock for Q1 2019, up 28% quarter-over-quarter.
  • 130 funds opened new Paychex positions in Q1 2019 and 75 closed out, a net change of +55 holders.
  • The largest Paychex buyer in Q1 2019 was Bank of America, an estimated $448M added.
  • The largest Paychex seller in Q1 2019 was Citadel Advisors, an estimated $112M sold.

Based on aggregated 13F filings for Q1 2019.