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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
1NWS
1076
1 North Wealth Services
Maryland
$1K -$4.35K -59 -89%
WCM
1077
Whitener Capital Management
North Carolina
$1K – – –
Renaissance Technologies
1078
Renaissance Technologies
New York
– -$37.7M -578,001 Closed
CC
1079
Carlson Capital
Texas
– -$16.4M -251,922 Closed
SCM
1080
Stevens Capital Management
Pennsylvania
– -$11.3M -174,083 Closed
LC
1081
Lunia Capital
Texas
– -$10.9M -166,677 Closed
SSA
1082
Schonfeld Strategic Advisors
New York
– -$8.62M -132,340 Closed
Squarepoint
1083
Squarepoint
New York
– -$8.11M -124,458 Closed
OCM
1084
Oribel Capital Management
New York
– -$7.85M -120,500 Closed
Hudson Bay Capital Management
1085
Hudson Bay Capital Management
Connecticut
– -$8.08M -109,539 Closed
DTL
1086
Dynamic Technology Lab
Singapore
– -$7.04M -108,014 Closed
Millennium Management
1087
Millennium Management
New York
– -$6.4M -98,243 Closed
TI
1088
Trexquant Investment
Connecticut
– -$5.97M -91,640 Closed
WCA
1089
Waratah Capital Advisors
Ontario, Canada
– -$5.07M -77,834 Closed
IG
1090
ING Group
Netherlands
– -$2.77M -42,475 Closed
CB
1091
Cadence Bank
Mississippi
– -$2.04M -31,344 Closed
CC
1092
Cipher Capital
New York
– -$1.9M -29,208 Closed
ACM
1093
American Capital Management
New York
– -$1.81M -27,744 Closed
TCM
1094
Teza Capital Management
Illinois
– -$1.81M -27,736 Closed
AIL
1095
AGF Investments LLC
Ontario, Canada
– -$1.8M -27,664 Closed
Balyasny Asset Management
1096
Balyasny Asset Management
Illinois
– -$1.41M -19,124 Closed
BFM
1097
Boothbay Fund Management
New York
– -$1.19M -18,237 Closed
BCM
1098
Bayesian Capital Management
New York
– -$1.02M -15,597 Closed
TC
1099
Toews Corporation
New Jersey
– -$997K -15,300 Closed
SEC
1100
Seven Eight Capital
New York
– -$971K -14,900 Closed
42 43
44
45 46

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.