Paychex
PAYX
952 hedge funds and large institutions have $16.8B invested in Paychex in 2017 Q4 according to their latest regulatory filings, with 146 funds opening new positions, 310 increasing their positions, 358 reducing their positions, and 41 closing their positions.
256% more first-time investments, than exits
New positions opened: 146 | Existing positions closed: 41
250% more call options, than puts
Call options by funds: $281M | Put options by funds: $80.2M
40% more funds holding in top 10
Funds holding in top 10: 15 → 21 (+6)
14% more capital invested
Capital invested by funds: $14.8B → $16.8B (+$2.02B)
12% more funds holding
Funds holding: 850 → 952 (+102)
0.13% more ownership
Funds ownership: 68.81% → 68.94% (+0.13%)
13% less repeat investments, than reductions
Existing positions increased: 310 | Existing positions reduced: 358
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIG
American International Group
New York
|
+$450M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$144M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
+$79.4M |
| 4 |
ECM
Element Capital Management
New York
|
+$42.2M |
| 5 |
Morgan Stanley
New York
|
+$29.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$158M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$76.3M |
| 3 |
Millennium Management
New York
|
-$66.4M |
| 4 |
BlackRock
New York
|
-$61.6M |
| 5 |
Select Equity Group
New York
|
-$61.5M |
PAYX Hedge Fund Activity: Q4 2017 in Review
952 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q4 2017, worth a combined $16.8B — up 14% from $14.8B a quarter earlier.
Buyers outnumbered sellers: 146 funds opened new PAYX positions and 41 closed out — a net gain of 105 holders — while 310 added to existing stakes and 358 trimmed.
The largest buyer was American International Group, adding an estimated $450M. The largest seller was Fidelity Investments, cutting an estimated $158M.
- 952 institutional investors held Paychex (PAYX) as of Q4 2017, up from 850 in Q3 2017.
- Funds reported $16.8B of Paychex stock for Q4 2017, up 14% quarter-over-quarter.
- 146 funds opened new Paychex positions in Q4 2017 and 41 closed out, a net change of +105 holders.
- The largest Paychex buyer in Q4 2017 was American International Group, an estimated $450M added.
- The largest Paychex seller in Q4 2017 was Fidelity Investments, an estimated $158M sold.
Based on aggregated 13F filings for Q4 2017.