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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
1,080
Holders Change
+45
Holders Change %
+4.35%
% of All Funds
23.38%
Holding in Top 10
31
Holding in Top 10 Change
+8
Holding in Top 10 Change %
+34.78%
% of All Funds
0.67%
New
130
Increased
398
Reduced
382
Closed
75
Calls
$241M
Puts
$81.9M
Net Calls
+$159M
Net Calls Change
+$94.3M

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$448M
2
BlackRock
BlackRock
New York
+$253M
3
GT
Glenmede Trust
Pennsylvania
+$65.6M
4
APG Asset Management
APG Asset Management
Netherlands
+$49.6M
5
TCIM
TIAA CREF Investment Management
New York
+$36.1M

Top Sellers

1
Citadel Advisors
Citadel Advisors
Florida
-$112M
2
Schroder Investment Management Group
Schroder Investment Management Group
United Kingdom
-$90.5M
3
Fidelity Investments
Fidelity Investments
Massachusetts
-$77.6M
4
Select Equity Group
Select Equity Group
New York
-$70.2M
5
Morgan Stanley
Morgan Stanley
New York
-$50.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
BFC
976
Bedel Financial Consulting
Indiana
$57K – – –
BBNA
977
Bremer Bank National Association
Minnesota
$57K +$49.5K +671 New
SCM
978
Shelton Capital Management
Colorado
$56.6K -$3.4M -46,147 -91%
MRCM
979
M&R Capital Management
New Jersey
$56K – – –
TCM
980
Tradewinds Capital Management
Washington
$54K – – –
LFA
981
Legacy Financial Advisors
Kentucky
$53K +$1.25K +17 +3%
TC
982
Truvestments Capital
Florida
$49K +$45.4K +616 New
BAMG
983
Brand Asset Management Group
Missouri
$48K – – –
EFSCE
984
Enterprise Financial Services Corp (EFSC)
Missouri
$48K – – –
VFA
985
Valeo Financial Advisors
Indiana
$48K +$221 +3 +0.5%
TFS
986
TrustCore Financial Services
Tennessee
$48K +$44.5K +603 New
AIM
987
Advantage Investment Management
Iowa
$47K – – –
FAM
988
Fred Alger Management
New York
$45K +$40.9K +555 New
SLF
989
Sun Life Financial
Ontario, Canada
$44K -$24.4K -331 -38%
RCM
990
Requisite Capital Management
Texas
$44K +$40.2K +545 New
LHC
991
Little House Capital
Massachusetts
$43K +$40.4K +548 New
WWM
992
Willingdon Wealth Management
North Carolina
$40K – – –
BCA
993
Berman Capital Advisors
Georgia
$38K -$11.5K -156 -25%
RIA
994
RPG Investment Advisory
California
$37K – – –
YWP
995
YorkBridge Wealth Partners
New York
$35K – – –
TF
996
Tompkins Financial
New York
$34K – – –
CMO
997
Covenant Multifamily Offices
Texas
$33K +$30.6K +415 New
CB
998
Community Bank
New York
$32K – – –
LWA
999
Lenox Wealth Advisors
New York
$32K – – –
GSWM
1000
Golden State Wealth Management
California
$32K +$29.5K +400 New
38 39
40
41 42

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.