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Paychex
PAYX

1,094 hedge funds and large institutions have $19.4B invested in Paychex in 2020 Q2 according to their latest regulatory filings, with 135 funds opening new positions, 353 increasing their positions, 452 reducing their positions, and 106 closing their positions.

New
Increased
Maintained
Reduced
Closed

94% more call options, than puts

Call options by funds: $166M | Put options by funds: $85.6M

27% more first-time investments, than exits

New positions opened: 135 | Existing positions closed: 106

23% more capital invested

Capital invested by funds: $15.8B → $19.4B (+$3.62B)

21% more funds holding in top 10

Funds holding in top 10: 14 → 17 (+3)

2% more funds holding

Funds holding: 1,074 → 1,094 (+20)

1.69% more ownership

Funds ownership: 69.77% → 71.46% (+1.7%)

22% less repeat investments, than reductions

Existing positions increased: 353 | Existing positions reduced: 452

Holders
1,094
Holders Change
+20
Holders Change %
+1.86%
% of All Funds
22.43%
Holding in Top 10
17
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+21.43%
% of All Funds
0.35%
New
135
Increased
353
Reduced
452
Closed
106
Calls
$166M
Puts
$85.6M
Net Calls
+$80.2M
Net Calls Change
+$9.63M

Top Buyers

1
Capital International Investors
Capital International Investors
California
+$592M
2
Nordea Investment Management
Nordea Investment Management
Sweden
+$184M
3
AIG
American International Group
New York
+$167M
4
Charles Schwab
Charles Schwab
California
+$88.2M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$56.8M

Top Sellers

1
BlackRock
BlackRock
New York
-$106M
2
Invesco
Invesco
Georgia
-$95.1M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$74.2M
4
Morgan Stanley
Morgan Stanley
New York
-$67.7M
5
Deutsche Bank
Deutsche Bank
Germany
-$63.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
Envestnet Asset Management
76
Envestnet Asset Management
Illinois
$36.3M +$3.98M +57,396 +14%
CI
77
Conning Inc
Connecticut
$35.9M +$1.89M +27,270 +6%
GAM
78
Guinness Asset Management
United Kingdom
$35.4M +$1.1M +15,890 +4%
Citigroup
79
Citigroup
New York
$35.3M +$2.64M +38,056 +9%
ORIO
80
Old Republic International (ORI)
Illinois
$33.2M – – –
State Board of Administration of Florida Retirement System
81
State Board of Administration of Florida Retirement System
Florida
$33.2M -$237K -3,414 -0.8%
Victory Capital Management
82
Victory Capital Management
Texas
$32.6M -$35.1M -506,171 -54%
Russell Investments Group
83
Russell Investments Group
United Kingdom
$31.2M +$5.34M +77,075 +23%
DGI
84
Disciplined Growth Investors
Minnesota
$30.5M -$12.4M -179,005 -31%
WIC
85
Willis Investment Counsel
Georgia
$30.3M -$177K -2,551 -0.6%
ECM
86
Ensemble Capital Management
California
$29.9M -$13.5M -194,073 -33%
GKIM
87
GW&K Investment Management
Massachusetts
$29.8M -$174K -2,509 -0.6%
TD Asset Management
88
TD Asset Management
Ontario, Canada
$29.5M -$47.7M -688,150 -64%
WG
89
Welch Group
Alabama
$29.1M +$932K +13,442 +4%
New York State Teachers Retirement System (NYSTRS)
90
New York State Teachers Retirement System (NYSTRS)
New York
$28.6M +$2.98K +43 +0%
GD
91
Grandfield & Dodd
New York
$28.4M +$286K +4,129 +1%
BAMF
92
BI Asset Management Fondsmaeglerselskab
Denmark
$28.1M -$370K -5,342 -1%
VOYA Investment Management
93
VOYA Investment Management
Georgia
$27.7M -$725K -10,461 -3%
JP Morgan Chase
94
JP Morgan Chase
New York
$27.7M -$3.22M -46,489 -11%
RJA
95
Raymond James & Associates
Florida
$27.5M +$2.26M +32,667 +10%
PR
96
Payden & Rygel
California
$26.7M -$69.3K -1,000 -0.3%
WorldQuant Millennium Advisors
97
WorldQuant Millennium Advisors
New York
$26M +$23.8M +343,334 New
Manulife (Manufacturers Life Insurance)
98
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$25.6M -$58.8K -849 -0.2%
ZIG
99
Zurich Insurance Group
Switzerland
$25.4M -$245K -3,532 -1%
Stifel Financial
100
Stifel Financial
Missouri
$25.3M +$432K +6,226 +2%
2 3
4
5 6

PAYX Hedge Fund Activity: Q2 2020 in Review

1,094 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q2 2020, worth a combined $19.4B — up 23% from $15.8B a quarter earlier.

Buyers outnumbered sellers: 135 funds opened new PAYX positions and 106 closed out — a net gain of 29 holders — while 353 added to existing stakes and 452 trimmed.

The largest buyer was Capital International Investors, adding an estimated $592M. The largest seller was BlackRock, cutting an estimated $106M.

  • 1,094 institutional investors held Paychex (PAYX) as of Q2 2020, up from 1,074 in Q1 2020.
  • Funds reported $19.4B of Paychex stock for Q2 2020, up 23% quarter-over-quarter.
  • 135 funds opened new Paychex positions in Q2 2020 and 106 closed out, a net change of +29 holders.
  • The largest Paychex buyer in Q2 2020 was Capital International Investors, an estimated $592M added.
  • The largest Paychex seller in Q2 2020 was BlackRock, an estimated $106M sold.

Based on aggregated 13F filings for Q2 2020.