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Paychex
PAYX

1,528 hedge funds and large institutions have $33.1B invested in Paychex in 2024 Q1 according to their latest regulatory filings, with 112 funds opening new positions, 536 increasing their positions, 602 reducing their positions, and 77 closing their positions.

New
Increased
Maintained
Reduced
Closed

136% more call options, than puts

Call options by funds: $303M | Put options by funds: $128M

45% more first-time investments, than exits

New positions opened: 112 | Existing positions closed: 77

1% more funds holding

Funds holding: 1,506 → 1,528 (+22)

4% more capital invested

Capital invested by funds: $32B → $33.1B (+$1.13B)

0.38% more ownership

Funds ownership: 74.66% → 75.04% (+0.38%)

6% less funds holding in top 10

Funds holding in top 10: 16 → 15 (-1)

11% less repeat investments, than reductions

Existing positions increased: 536 | Existing positions reduced: 602

Holders
1,528
Holders Change
+22
Holders Change %
+1.46%
% of All Funds
22.01%
Holding in Top 10
15
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-6.25%
% of All Funds
0.22%
New
112
Increased
536
Reduced
602
Closed
77
Calls
$303M
Puts
$128M
Net Calls
+$174M
Net Calls Change
+$85.9M

Top Buyers

1
Capital International Investors
Capital International Investors
California
+$288M
2
Charles Schwab
Charles Schwab
California
+$280M
3
Capital World Investors
Capital World Investors
California
+$183M
4
TD Asset Management
TD Asset Management
Ontario, Canada
+$96.3M
5
JP Morgan Chase
JP Morgan Chase
New York
+$95.4M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$431M
2
Morgan Stanley
Morgan Stanley
New York
-$422M
3
Barclays
Barclays
United Kingdom
-$108M
4
Holocene Advisors
Holocene Advisors
New York
-$103M
5
Select Equity Group
Select Equity Group
New York
-$94.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
LI
1301
Louisbourg Investments
New Brunswick, Canada
$147K – – –
DMBA
1302
Deseret Mutual Benefit Administrators
Utah
$144K +$14.7K +121 +11%
SIC
1303
Salem Investment Counselors
North Carolina
$138K +$20K +165 +17%
BC
1304
Barrett & Company
Rhode Island
$138K – – –
SL
1305
Salomon & Ludwin
Virginia
$135K -$54.5K -449 -29%
BCP
1306
Blue Chip Partners
Michigan
$134K -$11K -91 -8%
BTI
1307
Blue Trust Inc
Georgia
$131K -$54.1K -446 -29%
DAM
1308
Delta Asset Management
Tennessee
$126K – – –
USB
1309
Union Savings Bank
Connecticut
$123K +$18.2K +150 +18%
AA
1310
Alta Advisers
United Kingdom
$123K – – –
MBFW
1311
Morton Brown Family Wealth
Pennsylvania
$123K – – –
PP
1312
Pingora Partners
Wyoming
$123K – – –
NL
1313
NVWM LLC
Pennsylvania
$123K +$607 +5 +0.5%
AA
1314
Addison Advisors
Vermont
$118K – – –
SWA
1315
SOA Wealth Advisors
New York
$117K +$728 +6 +0.6%
BWAM
1316
Boyd Watterson Asset Management
Ohio
$116K – – –
MWM
1317
Mascoma Wealth Management
New Hampshire
$112K -$9.83K -81 -8%
MA
1318
MCF Advisors
Kentucky
$110K +$58.9K +485 +117%
QC
1319
Quent Capital
New York
$110K -$4K -33 -4%
ME
1320
McIlrath & Eck
Washington
$109K +$14K +115 +15%
LCM
1321
Logan Capital Management
Pennsylvania
$108K -$33.4K -275 -24%
EBA
1322
Eagle Bay Advisors
New York
$108K -$607 -5 -0.6%
MFT
1323
Moisand Fitzgerald Tamayo
Florida
$108K -$51K -420 -32%
AIC
1324
Archer Investment Corporation
Indiana
$108K – – –
SIS
1325
Sound Income Strategies
Florida
$108K -$40.5K -334 -28%
51 52
53
54 55

PAYX Hedge Fund Activity: Q1 2024 in Review

1,528 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q1 2024, worth a combined $33.1B — up 3.5% from $32B a quarter earlier.

Buyers outnumbered sellers: 112 funds opened new PAYX positions and 77 closed out — a net gain of 35 holders — while 536 added to existing stakes and 602 trimmed.

The largest buyer was Capital International Investors, adding an estimated $288M. The largest seller was Fidelity Investments, cutting an estimated $431M.

  • 1,528 institutional investors held Paychex (PAYX) as of Q1 2024, up from 1,506 in Q4 2023.
  • Funds reported $33.1B of Paychex stock for Q1 2024, up 3.5% quarter-over-quarter.
  • 112 funds opened new Paychex positions in Q1 2024 and 77 closed out, a net change of +35 holders.
  • The largest Paychex buyer in Q1 2024 was Capital International Investors, an estimated $288M added.
  • The largest Paychex seller in Q1 2024 was Fidelity Investments, an estimated $431M sold.

Based on aggregated 13F filings for Q1 2024.