Paychex
PAYX
969 hedge funds and large institutions have $16.7B invested in Paychex in 2018 Q2 according to their latest regulatory filings, with 93 funds opening new positions, 327 increasing their positions, 370 reducing their positions, and 54 closing their positions.
72% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 54
40% more funds holding in top 10
Funds holding in top 10: 15 → 21 (+6)
38% more call options, than puts
Call options by funds: $139M | Put options by funds: $101M
8% more capital invested
Capital invested by funds: $15.4B → $16.7B (+$1.23B)
3% more funds holding
Funds holding: 938 → 969 (+31)
1.53% less ownership
Funds ownership: 69.69% → 68.15% (-1.5%)
12% less repeat investments, than reductions
Existing positions increased: 327 | Existing positions reduced: 370
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$113M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$78.6M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$57.9M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$56.2M |
| 5 |
Nordea Investment Management
Stockholm,
Sweden
|
+$49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$501M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
-$58.8M |
| 3 |
Select Equity Group
New York
|
-$57.9M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$57M |
| 5 |
GC
Guggenheim Capital
Chicago,
Illinois
|
-$54.1M |
PAYX Hedge Fund Activity: Q2 2018 in Review
969 of the 4,368 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q2 2018, worth a combined $16.7B — up 8% from $15.4B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new PAYX positions and 54 closed out — a net gain of 39 holders — while 327 added to existing stakes and 370 trimmed.
The largest buyer was Arrowstreet Capital, adding an estimated $113M. The largest seller was Bank of America, cutting an estimated $501M.
- 969 institutional investors held Paychex (PAYX) as of Q2 2018, up from 938 in Q1 2018.
- Funds reported $16.7B of Paychex stock for Q2 2018, up 8% quarter-over-quarter.
- 93 funds opened new Paychex positions in Q2 2018 and 54 closed out, a net change of +39 holders.
- The largest Paychex buyer in Q2 2018 was Arrowstreet Capital, an estimated $113M added.
- The largest Paychex seller in Q2 2018 was Bank of America, an estimated $501M sold.
Based on aggregated 13F filings for Q2 2018.