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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
Verition Fund Management
1101
Verition Fund Management
Connecticut
– -$950K -14,584 Closed
Fiera Capital (Canada)
1102
Fiera Capital (Canada)
Quebec, Canada
– -$920K -14,118 Closed
EP
1103
Edgestream Partners
New Jersey
– -$903K -13,855 Closed
QC
1104
Quadrature Capital
United Kingdom
– -$898K -13,789 Closed
JIM
1105
Jupiter Investment Management
United Kingdom
– -$825K -12,677 Closed
APFBOT
1106
Amica Pension Fund Board of Trustees
Rhode Island
– -$628K -9,646 Closed
Two Sigma Investments
1107
Two Sigma Investments
New York
– -$564K -7,647 Closed
WCM
1108
Weld Capital Management
New York
– -$452K -6,939 Closed
MC
1109
Machina Capital
France
– -$425K -6,516 Closed
QT
1110
Quantbot Technologies
New York
– -$371K -5,705 Closed
SL
1111
Signition LP
New York
– -$360K -5,519 Closed
OAMU
1112
Ostrum Asset Management US
New York
– -$358K -5,499 Closed
CCM
1113
Community Capital Management
Florida
– -$332K -5,099 Closed
BAM
1114
Blueshift Asset Management
New Jersey
– -$323K -4,951 Closed
TSS
1115
Two Sigma Securities
New York
– -$364K -4,939 Closed
HS
1116
HighVista Strategies
Massachusetts
– -$313K -4,800 Closed
QAM
1117
Questar Asset Management
Minnesota
– -$301K -4,613 Closed
SGCA
1118
Steel Grove Capital Advisors
Tennessee
– -$285K -4,379 Closed
FRM
1119
Fox Run Management
Connecticut
– -$281K -4,307 Closed
MA
1120
MANA Advisors
New York
– -$276K -4,231 Closed
PFS
1121
Prospera Financial Services
Texas
– -$261K -3,966 Closed
ER
1122
Enlightenment Research
Florida
– -$254K -3,900 Closed
QT
1123
Quantamental Technologies
New York
– -$254K -3,900 Closed
WA
1124
Wealth Architects
California
– -$249K -3,816 Closed
TFA
1125
Transamerica Financial Advisors
Florida
– -$242K -3,712 Closed
43 44
45
46 47

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.