Paychex
PAYX
1,702 hedge funds and large institutions have $43.3B invested in Paychex in 2025 Q1 according to their latest regulatory filings, with 164 funds opening new positions, 584 increasing their positions, 639 reducing their positions, and 68 closing their positions.
141% more first-time investments, than exits
New positions opened: 164 | Existing positions closed: 68
29% more funds holding in top 10
Funds holding in top 10: 24 → 31 (+7)
23% more call options, than puts
Call options by funds: $309M | Put options by funds: $251M
7% more capital invested
Capital invested by funds: $40.5B → $43.3B (+$2.82B)
4% more funds holding
Funds holding: 1,634 → 1,702 (+68)
0.01% more ownership
Funds ownership: 77.99% → 78% (+0.01%)
9% less repeat investments, than reductions
Existing positions increased: 584 | Existing positions reduced: 639
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Select Equity Group
New York
|
+$256M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$108M |
| 3 |
Neuberger Berman Group
New York
|
+$96.8M |
| 4 |
JP Morgan Chase
New York
|
+$78.1M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$74.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$225M |
| 2 |
Capital International Investors
Los Angeles,
California
|
-$183M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$177M |
| 4 |
Fidelity International
Hamilton,
Bermuda
|
-$81.3M |
| 5 |
Amundi
Paris,
France
|
-$74M |
PAYX Hedge Fund Activity: Q1 2025 in Review
1,702 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q1 2025, worth a combined $43.3B — up 7% from $40.5B a quarter earlier.
Buyers outnumbered sellers: 164 funds opened new PAYX positions and 68 closed out — a net gain of 96 holders — while 584 added to existing stakes and 639 trimmed.
The largest buyer was Select Equity Group, adding an estimated $256M. The largest seller was Morgan Stanley, cutting an estimated $225M.
- 1,702 institutional investors held Paychex (PAYX) as of Q1 2025, up from 1,634 in Q4 2024.
- Funds reported $43.3B of Paychex stock for Q1 2025, up 7% quarter-over-quarter.
- 164 funds opened new Paychex positions in Q1 2025 and 68 closed out, a net change of +96 holders.
- The largest Paychex buyer in Q1 2025 was Select Equity Group, an estimated $256M added.
- The largest Paychex seller in Q1 2025 was Morgan Stanley, an estimated $225M sold.
Based on aggregated 13F filings for Q1 2025.