Paychex
PAYX
1,014 hedge funds and large institutions have $18.7B invested in Paychex in 2018 Q3 according to their latest regulatory filings, with 93 funds opening new positions, 347 increasing their positions, 393 reducing their positions, and 40 closing their positions.
133% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 40
20% more call options, than puts
Call options by funds: $209M | Put options by funds: $174M
12% more capital invested
Capital invested by funds: $16.7B → $18.7B (+$2.04B)
5% more funds holding in top 10
Funds holding in top 10: 21 → 22 (+1)
5% more funds holding
Funds holding: 969 → 1,014 (+45)
2.49% more ownership
Funds ownership: 68.15% → 70.64% (+2.5%)
12% less repeat investments, than reductions
Existing positions increased: 347 | Existing positions reduced: 393
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
+$431M |
| 2 |
BlackRock
New York
|
+$122M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$113M |
| 4 |
State Street
Boston,
Massachusetts
|
+$69.5M |
| 5 |
WCM
Wedge Capital Management
Charlotte,
North Carolina
|
+$54.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$120M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
-$97.6M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$62.1M |
| 4 |
Select Equity Group
New York
|
-$62M |
| 5 |
BG
Bahl & Gaynor
Cincinnati,
Ohio
|
-$51.5M |
PAYX Hedge Fund Activity: Q3 2018 in Review
1,014 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q3 2018, worth a combined $18.7B — up 12% from $16.7B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new PAYX positions and 40 closed out — a net gain of 53 holders — while 347 added to existing stakes and 393 trimmed.
The largest buyer was Glenmede Trust, adding an estimated $431M. The largest seller was Fidelity Investments, cutting an estimated $120M.
- 1,014 institutional investors held Paychex (PAYX) as of Q3 2018, up from 969 in Q2 2018.
- Funds reported $18.7B of Paychex stock for Q3 2018, up 12% quarter-over-quarter.
- 93 funds opened new Paychex positions in Q3 2018 and 40 closed out, a net change of +53 holders.
- The largest Paychex buyer in Q3 2018 was Glenmede Trust, an estimated $431M added.
- The largest Paychex seller in Q3 2018 was Fidelity Investments, an estimated $120M sold.
Based on aggregated 13F filings for Q3 2018.