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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
SYBT
401
Stock Yards Bank & Trust
Kentucky
$3.64M -$46.1K -380 -1%
EMPI
402
Elo Mutual Pension Insurance
Finland
$3.63M +$134K +1,101 +4%
FAP
403
Financial Advisory Partners
Florida
$3.62M -$507K -4,174 -12%
RB
404
Rodgers Brothers
Pennsylvania
$3.58M -$75.9K -625 -2%
CI
405
Ceera Investments
Texas
$3.51M – – –
CAM
406
Costello Asset Management
Pennsylvania
$3.5M -$14K -115 -0.4%
NS
407
NBC Securities
Alabama
$3.44M -$55.6K -458 -2%
FNBOO
408
First National Bank of Omaha
Nebraska
$3.44M -$785K -6,472 -23%
CS
409
Candriam SCA
Luxembourg
$3.44M +$157K +1,294 +5%
RCIM
410
Red Cedar Investment Management
Michigan
$3.44M – – –
DIA
411
Dean Investment Associates
Ohio
$3.43M -$25.4K -209 -0.7%
QCM
412
Quantinno Capital Management
New York
$3.42M +$401K +3,306 +13%
PRC
413
Pearl River Capital
Michigan
$3.42M +$3.38M +27,829 New
AWM
414
Apollon Wealth Management
South Carolina
$3.4M +$229K +1,888 +7%
OPERF
415
Oregon Public Employees Retirement Fund
Oregon
$3.36M -$1.41M -11,610 -30%
FCBT
416
First Citizens Bank & Trust
North Carolina
$3.34M +$304K +2,504 +10%
DC
417
Davenport & Co
Virginia
$3.33M +$653K +5,379 +25%
CIA
418
Concurrent Investment Advisors
Florida
$3.31M +$128K +1,055 +4%
BDA
419
Borer Denton & Associates
Pennsylvania
$3.31M -$5.46K -45 -0.2%
GIBU
420
Gulf International Bank (UK)
United Kingdom
$3.29M – – –
PCM
421
Parsons Capital Management
Rhode Island
$3.27M -$42.8K -353 -1%
Capstone Investment Advisors
422
Capstone Investment Advisors
New York
$3.26M +$3.23M +26,586 New
NIC
423
Northwest Investment Counselors
Oregon
$3.24M -$73.1K -602 -2%
TRCT
424
Tower Research Capital (TRC)
New York
$3.24M -$2.74M -22,549 -46%
VIP
425
Vista Investment Partners
Oklahoma
$3.24M +$32.2K +265 +1%
15 16
17
18 19

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.