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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
AFA
501
Abacus FCF Advisors
Florida
$2.26M +$231K +1,905 +12%
RP
502
Riverbridge Partners
Minnesota
$2.25M -$36.5K -301 -2%
GAM
503
Griffin Asset Management
New York
$2.25M +$7.65K +63 +0.3%
GWCM
504
Godshalk Welsh Capital Management
Pennsylvania
$2.23M -$3.03K -25 -0.1%
QIM
505
Quantitative Investment Management
Virginia
$2.23M -$2.96M -24,429 -57%
BPA
506
Beacon Pointe Advisors
California
$2.2M -$477K -3,929 -18%
PA
507
PFW Advisors
Georgia
$2.2M +$2.19K +18 +0.1%
CAL
508
Capital Analysts LLC
Pennsylvania
$2.17M -$27.2K -224 -1%
AWS
509
Atria Wealth Solutions
New York
$2.17M -$184K -1,514 -8%
SIAP
510
Sterling Investment Advisors (Pennsylvania)
Pennsylvania
$2.15M -$35.8K -295 -2%
NFG
511
Nations Financial Group
Iowa
$2.14M -$11K -91 -0.5%
ADMI
512
Albert D. Mason Inc
Massachusetts
$2.13M +$26.2K +216 +1%
WT
513
Whittier Trust
California
$2.1M -$64.3K -530 -3%
Walleye Capital
514
Walleye Capital
New York
$2.1M +$2.07M +17,066 New
CLOS
515
Compagnie Lombard Odier SCmA
Switzerland
$2.09M – – –
HAM
516
Harmony Asset Management
Arizona
$2.08M -$1.09K -9 -0.1%
IIC
517
Ironwood Investment Counsel
Arizona
$2.06M -$1.82K -15 -0.1%
RCM
518
Radnor Capital Management
Pennsylvania
$2.06M – – –
HR
519
Howe & Rusling
New York
$2.04M -$56K -461 -3%
MCA
520
MSH Capital Advisors
Arizona
$2.04M -$53K -437 -3%
SSWM
521
Smith Salley Wealth Management
North Carolina
$2.04M -$781K -6,435 -28%
FTDI
522
First Trust Direct Indexing
Massachusetts
$2.02M +$300K +2,471 +18%
ICM
523
IMS Capital Management
Oregon
$2.02M +$66.8K +550 +3%
Parallax Volatility Advisers
524
Parallax Volatility Advisers
California
$2.01M +$1.99M +16,404 New
JWCA
525
J.W. Coons Advisors
Ohio
$2.01M -$74.6K -615 -4%
19 20
21
22 23

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.