Paychex
PAYX
1,506 hedge funds and large institutions have $32B invested in Paychex in 2023 Q4 according to their latest regulatory filings, with 168 funds opening new positions, 511 increasing their positions, 576 reducing their positions, and 84 closing their positions.
100% more first-time investments, than exits
New positions opened: 168 | Existing positions closed: 84
55% more call options, than puts
Call options by funds: $249M | Put options by funds: $160M
6% more capital invested
Capital invested by funds: $30.1B → $32B (+$1.88B)
4% more funds holding
Funds holding: 1,442 → 1,506 (+64)
2.35% more ownership
Funds ownership: 72.32% → 74.66% (+2.3%)
11% less repeat investments, than reductions
Existing positions increased: 511 | Existing positions reduced: 576
20% less funds holding in top 10
Funds holding in top 10: 20 → 16 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$495M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$181M |
| 3 |
Capital World Investors
Los Angeles,
California
|
+$115M |
| 4 |
Holocene Advisors
New York
|
+$109M |
| 5 |
BlackRock
New York
|
+$104M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
-$110M |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$98.1M |
| 3 |
Millennium Management
New York
|
-$67.8M |
| 4 |
Two Sigma Investments
New York
|
-$55.7M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$46.1M |
PAYX Hedge Fund Activity: Q4 2023 in Review
1,506 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q4 2023, worth a combined $32B — up 6.2% from $30.1B a quarter earlier.
Buyers outnumbered sellers: 168 funds opened new PAYX positions and 84 closed out — a net gain of 84 holders — while 511 added to existing stakes and 576 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $495M. The largest seller was Bank of America, cutting an estimated $110M.
- 1,506 institutional investors held Paychex (PAYX) as of Q4 2023, up from 1,442 in Q3 2023.
- Funds reported $32B of Paychex stock for Q4 2023, up 6.2% quarter-over-quarter.
- 168 funds opened new Paychex positions in Q4 2023 and 84 closed out, a net change of +84 holders.
- The largest Paychex buyer in Q4 2023 was Morgan Stanley, an estimated $495M added.
- The largest Paychex seller in Q4 2023 was Bank of America, an estimated $110M sold.
Based on aggregated 13F filings for Q4 2023.