Paychex
PAYX
1,080 hedge funds and large institutions have $20.3B invested in Paychex in 2019 Q1 according to their latest regulatory filings, with 130 funds opening new positions, 398 increasing their positions, 382 reducing their positions, and 75 closing their positions.
194% more call options, than puts
Call options by funds: $241M | Put options by funds: $81.9M
73% more first-time investments, than exits
New positions opened: 130 | Existing positions closed: 75
35% more funds holding in top 10
Funds holding in top 10: 23 → 31 (+8)
28% more capital invested
Capital invested by funds: $15.9B → $20.3B (+$4.45B)
4% more funds holding
Funds holding: 1,035 → 1,080 (+45)
2.02% more ownership
Funds ownership: 68.91% → 70.93% (+2%)
4% more repeat investments, than reductions
Existing positions increased: 398 | Existing positions reduced: 382
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$448M |
| 2 |
BlackRock
New York
|
+$253M |
| 3 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
+$65.6M |
| 4 |
APG Asset Management
Amsterdam,
Netherlands
|
+$49.6M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
+$36.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$112M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$90.5M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
-$77.6M |
| 4 |
Select Equity Group
New York
|
-$70.2M |
| 5 |
Morgan Stanley
New York
|
-$50.4M |
PAYX Hedge Fund Activity: Q1 2019 in Review
1,080 of the 4,620 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q1 2019, worth a combined $20.3B — up 28% from $15.9B a quarter earlier.
Buyers outnumbered sellers: 130 funds opened new PAYX positions and 75 closed out — a net gain of 55 holders — while 398 added to existing stakes and 382 trimmed.
The largest buyer was Bank of America, adding an estimated $448M. The largest seller was Citadel Advisors, cutting an estimated $112M.
- 1,080 institutional investors held Paychex (PAYX) as of Q1 2019, up from 1,035 in Q4 2018.
- Funds reported $20.3B of Paychex stock for Q1 2019, up 28% quarter-over-quarter.
- 130 funds opened new Paychex positions in Q1 2019 and 75 closed out, a net change of +55 holders.
- The largest Paychex buyer in Q1 2019 was Bank of America, an estimated $448M added.
- The largest Paychex seller in Q1 2019 was Citadel Advisors, an estimated $112M sold.
Based on aggregated 13F filings for Q1 2019.