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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
UAS
526
United Asset Strategies
New York
$1.99M +$140K +1,152 +8%
UCB
527
United Community Bank
South Carolina
$1.99M -$39.2K -323 -2%
NMERB
528
New Mexico Educational Retirement Board
New Mexico
$1.98M -$60.7K -500 -3%
Wealthfront Advisers
529
Wealthfront Advisers
California
$1.98M -$64.9K -535 -3%
PAM
530
Palisade Asset Management
Minnesota
$1.95M – – –
SF
531
Synovus Financial
Georgia
$1.94M +$507K +4,178 +36%
MGP
532
Metis Global Partners
California
$1.94M +$21.7K +179 +1%
Fayez Sarofim & Co
533
Fayez Sarofim & Co
Texas
$1.93M -$134K -1,107 -7%
CA
534
CoreCap Advisors
Michigan
$1.92M +$345K +2,845 +22%
JWM
535
JPL Wealth Management
Colorado
$1.92M +$551K +4,537 +41%
Carson Wealth (CWM LLC)
536
Carson Wealth (CWM LLC)
Nebraska
$1.92M -$318K -2,621 -14%
ECM
537
ExodusPoint Capital Management
New York
$1.91M -$2.44M -20,080 -56%
SWA
538
Stratos Wealth Advisors
Ohio
$1.89M +$10.2K +84 +0.5%
HW
539
Hancock Whitney
Mississippi
$1.88M -$28.4K -234 -2%
BI
540
Berkeley Inc
Idaho
$1.88M +$1.39M +11,414 +296%
KNW
541
Kesler Norman & Wride
Utah
$1.87M -$171K -1,409 -8%
CPIA
542
Cornell Pochily Investment Advisors
New York
$1.86M +$24K +198 +1%
CA
543
Clearstead Advisors
Ohio
$1.85M +$26.8K +221 +2%
WT
544
Washington Trust
Rhode Island
$1.84M +$2.19K +18 +0.1%
GAM
545
Groupama Asset Management
France
$1.84M -$1.2M -9,926 -58%
AIMCA
546
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$1.83M – – –
HCM
547
Hall Capital Management
Rhode Island
$1.82M -$9.1K -75 -0.5%
BBA
548
BLB&B Advisors
Pennsylvania
$1.81M -$76.6K -631 -4%
GLR
549
Great Lakes Retirement
Ohio
$1.8M -$41.5K -342 -2%
BG
550
Bollard Group
Massachusetts
$1.79M +$9.71K +80 +0.6%
20 21
22
23 24

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.