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Paychex
PAYX

1,702 hedge funds and large institutions have $43.3B invested in Paychex in 2025 Q1 according to their latest regulatory filings, with 164 funds opening new positions, 584 increasing their positions, 639 reducing their positions, and 68 closing their positions.

New
Increased
Maintained
Reduced
Closed

141% more first-time investments, than exits

New positions opened: 164 | Existing positions closed: 68

29% more funds holding in top 10

Funds holding in top 10: 24 → 31 (+7)

23% more call options, than puts

Call options by funds: $309M | Put options by funds: $251M

7% more capital invested

Capital invested by funds: $40.5B → $43.3B (+$2.82B)

4% more funds holding

Funds holding: 1,634 → 1,702 (+68)

0.01% more ownership

Funds ownership: 77.99% → 78% (+0.01%)

9% less repeat investments, than reductions

Existing positions increased: 584 | Existing positions reduced: 639

Holders
1,702
Holders Change
+68
Holders Change %
+4.16%
% of All Funds
22.82%
Holding in Top 10
31
Holding in Top 10 Change
+7
Holding in Top 10 Change %
+29.17%
% of All Funds
0.42%
New
164
Increased
584
Reduced
639
Closed
68
Calls
$309M
Puts
$251M
Net Calls
+$58.4M
Net Calls Change
+$43.6M

Top Buyers

Rank Fund Capital Flow
1
Select Equity Group
Select Equity Group
New York
+$256M
2
Charles Schwab
Charles Schwab
California
+$108M
3
Neuberger Berman Group
Neuberger Berman Group
New York
+$96.8M
4
JP Morgan Chase
JP Morgan Chase
New York
+$78.1M
5
Bank of America
Bank of America
North Carolina
+$74.3M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$225M
2
Capital International Investors
Capital International Investors
California
-$183M
3
Capital World Investors
Capital World Investors
California
-$177M
4
Fidelity International
Fidelity International
Bermuda
-$81.3M
5
Amundi
Amundi
France
-$74M
Name Holding Trade Value Shares
Change 		Change in
Stake
SPA
976
Sherbrooke Park Advisers
New York
$579K +$552K +3,750 New
TTWM
977
TCV Trust & Wealth Management
Virginia
$575K -$6.03K -41 -1%
VFA
978
Valeo Financial Advisors
Indiana
$575K -$29.9K -203 -5%
RYIA
979
Roehl & Yi Investment Advisors
Oregon
$574K +$882 +6 +0.2%
WBG
980
Wharton Business Group
Pennsylvania
$573K – – –
BWM
981
Baron Wealth Management
Michigan
$573K +$11K +75 +2%
CG
982
Clifford Group
Massachusetts
$568K -$140K -953 -21%
ESB
983
Essex Savings Bank
Connecticut
$565K – – –
RBFC
984
Roman Butler Fullerton & Co
Missouri
$563K +$588 +4 +0.1%
LCWP
985
Legacy Capital Wealth Partners
Arkansas
$560K +$882 +6 +0.2%
WC
986
Wynn Capital
Georgia
$555K – – –
HTC
987
Haverford Trust Company
Pennsylvania
$555K – – –
LFAS
988
Level Four Advisory Services
Texas
$553K -$1.62K -11 -0.3%
SGAM
989
Smith Group Asset Management
Texas
$550K +$524K +3,566 New
PWA
990
Phoenix Wealth Advisors
North Carolina
$550K +$24.4K +166 +5%
AA
991
Aufman Associates
Pennsylvania
$548K – – –
PCA
992
Pallas Capital Advisors
Massachusetts
$546K +$20.3K +138 +4%
CIAS
993
Capital Investment Advisory Services
North Carolina
$546K -$735 -5 -0.1%
NWM
994
Napa Wealth Management
California
$546K +$520K +3,538 New
CT
995
Colonial Trust
South Carolina
$544K -$49.7K -338 -9%
VCM
996
Virtue Capital Management
Tennessee
$541K +$515K +3,504 New
RCM
997
RMR Capital Management
California
$541K – – –
SAW
998
Signal Advisors Wealth
Michigan
$541K +$5.15K +35 +1%
ACM
999
Andina Capital Management
Utah
$541K +$515K +3,505 New
IFS
1000
Ifrah Financial Services
Arkansas
$541K -$18.5K -126 -3%
38 39
40
41 42

PAYX Hedge Fund Activity: Q1 2025 in Review

1,702 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q1 2025, worth a combined $43.3B — up 7% from $40.5B a quarter earlier.

Buyers outnumbered sellers: 164 funds opened new PAYX positions and 68 closed out — a net gain of 96 holders — while 584 added to existing stakes and 639 trimmed.

The largest buyer was Select Equity Group, adding an estimated $256M. The largest seller was Morgan Stanley, cutting an estimated $225M.

  • 1,702 institutional investors held Paychex (PAYX) as of Q1 2025, up from 1,634 in Q4 2024.
  • Funds reported $43.3B of Paychex stock for Q1 2025, up 7% quarter-over-quarter.
  • 164 funds opened new Paychex positions in Q1 2025 and 68 closed out, a net change of +96 holders.
  • The largest Paychex buyer in Q1 2025 was Select Equity Group, an estimated $256M added.
  • The largest Paychex seller in Q1 2025 was Morgan Stanley, an estimated $225M sold.

Based on aggregated 13F filings for Q1 2025.