Paychex
PAYX
1,036 hedge funds and large institutions have $16.1B invested in Paychex in 2018 Q4 according to their latest regulatory filings, with 117 funds opening new positions, 350 increasing their positions, 396 reducing their positions, and 85 closing their positions.
117% more call options, than puts
Call options by funds: $119M | Put options by funds: $55M
38% more first-time investments, than exits
New positions opened: 117 | Existing positions closed: 85
5% more funds holding in top 10
Funds holding in top 10: 22 → 23 (+1)
2% more funds holding
Funds holding: 1,014 → 1,036 (+22)
1.72% less ownership
Funds ownership: 70.62% → 68.91% (-1.7%)
12% less repeat investments, than reductions
Existing positions increased: 350 | Existing positions reduced: 396
14% less capital invested
Capital invested by funds: $18.7B → $16.1B (-$2.59B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$106M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$105M |
| 3 |
Barclays
London,
United Kingdom
|
+$65.5M |
| 4 |
Schroder Investment Management Group
London,
United Kingdom
|
+$63.6M |
| 5 |
BG
Bahl & Gaynor
Cincinnati,
Ohio
|
+$51.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIG
American International Group
New York
|
-$425M |
| 2 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
-$403M |
| 3 |
Select Equity Group
New York
|
-$61.9M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$59.6M |
| 5 |
Millennium Management
New York
|
-$56.3M |
PAYX Hedge Fund Activity: Q4 2018 in Review
1,036 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q4 2018, worth a combined $16.1B — down 14% from $18.7B a quarter earlier.
Buyers outnumbered sellers: 117 funds opened new PAYX positions and 85 closed out — a net gain of 32 holders — while 350 added to existing stakes and 396 trimmed.
The largest buyer was BlackRock, adding an estimated $106M. The largest seller was American International Group, cutting an estimated $425M.
- 1,036 institutional investors held Paychex (PAYX) as of Q4 2018, up from 1,014 in Q3 2018.
- Funds reported $16.1B of Paychex stock for Q4 2018, down 14% quarter-over-quarter.
- 117 funds opened new Paychex positions in Q4 2018 and 85 closed out, a net change of +32 holders.
- The largest Paychex buyer in Q4 2018 was BlackRock, an estimated $106M added.
- The largest Paychex seller in Q4 2018 was American International Group, an estimated $425M sold.
Based on aggregated 13F filings for Q4 2018.