Paychex
PAYX
681 hedge funds and large institutions have $11.3B invested in Paychex in 2013 Q4 according to their latest regulatory filings, with 89 funds opening new positions, 246 increasing their positions, 260 reducing their positions, and 45 closing their positions.
98% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 45
60% more call options, than puts
Call options by funds: $128M | Put options by funds: $80.1M
13% more funds holding in top 10
Funds holding in top 10: 15 → 17 (+2)
9% more capital invested
Capital invested by funds: $10.3B → $11.3B (+$930M)
6% more funds holding
Funds holding: 641 → 681 (+40)
5% less repeat investments, than reductions
Existing positions increased: 246 | Existing positions reduced: 260
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIG
American International Group
New York
|
+$258M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$95M |
| 3 |
Fidelity Investments
Boston,
Massachusetts
|
+$85.2M |
| 4 |
APG Asset Management
Amsterdam,
Netherlands
|
+$44.8M |
| 5 |
Goldman Sachs
New York
|
+$43.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital World Investors
Los Angeles,
California
|
-$303M |
| 2 |
Parnassus Investments
San Francisco,
California
|
-$151M |
| 3 |
GE
General Electric
Evendale,
Ohio
|
-$102M |
| 4 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
-$101M |
| 5 |
Bank of New York Mellon
New York
|
-$97.1M |
PAYX Hedge Fund Activity: Q4 2013 in Review
681 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q4 2013, worth a combined $11.3B — up 9% from $10.3B a quarter earlier.
Buyers outnumbered sellers: 89 funds opened new PAYX positions and 45 closed out — a net gain of 44 holders — while 246 added to existing stakes and 260 trimmed.
The largest buyer was American International Group, adding an estimated $258M. The largest seller was Capital World Investors, cutting an estimated $303M.
- 681 institutional investors held Paychex (PAYX) as of Q4 2013, up from 641 in Q3 2013.
- Funds reported $11.3B of Paychex stock for Q4 2013, up 9% quarter-over-quarter.
- 89 funds opened new Paychex positions in Q4 2013 and 45 closed out, a net change of +44 holders.
- The largest Paychex buyer in Q4 2013 was American International Group, an estimated $258M added.
- The largest Paychex seller in Q4 2013 was Capital World Investors, an estimated $303M sold.
Based on aggregated 13F filings for Q4 2013.