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Paychex

1,075 hedge funds and large institutions have $15.8B invested in Paychex in 2020 Q1 according to their latest regulatory filings, with 77 funds opening new positions, 375 increasing their positions, 458 reducing their positions, and 168 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more call options, than puts

Call options by funds: $133M | Put options by funds: $62.3M

0.45% more ownership

Funds ownership: 69.32%69.77% (+0.45%)

9% less funds holding

Funds holding: 1,1811,075 (-106)

18% less funds holding in top 10

Funds holding in top 10: 1714 (-3)

18% less repeat investments, than reductions

Existing positions increased: 375 | Existing positions reduced: 458

25% less capital invested

Capital invested by funds: $21.1B → $15.8B (-$5.33B)

54% less first-time investments, than exits

New positions opened: 77 | Existing positions closed: 168

Holders
1,075
Holders Change
-106
Holders Change %
-8.98%
% of All Funds
23.68%
Holding in Top 10
14
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-17.65%
% of All Funds
0.31%
New
77
Increased
375
Reduced
458
Closed
168
Calls
$133M
Puts
$62.3M
Net Calls
+$70.6M
Net Calls Change
-$33.3M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$2.27B -$46.1M -576,713 -2%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.76B +$68M +850,666 +3%
State Street
3
State Street
Massachusetts
$892M -$10.1M -126,925 -0.9%
Bank of America
4
Bank of America
North Carolina
$623M -$22.5M -281,188 -3%
Wells Fargo
5
Wells Fargo
California
$554M -$82.8M -1,035,983 -11%
Bank of New York Mellon
6
Bank of New York Mellon
New York
$403M -$22.3M -278,939 -4%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$393M +$10.9M +136,294 +2%
Northern Trust
8
Northern Trust
Illinois
$334M +$4.43M +55,413 +1%
Select Equity Group
9
Select Equity Group
New York
$324M +$149M +1,871,400 +57%
Norges Bank
10
Norges Bank
Norway
$195M -$3.2M -40,000 -1%
BG
11
Bahl & Gaynor
Ohio
$177M +$2.81M +35,197 +1%
California Public Employees Retirement System
12
California Public Employees Retirement System
California
$171M +$1.95M +24,376 +0.9%
Charles Schwab
13
Charles Schwab
California
$168M +$11.9M +148,580 +6%
Royal Bank of Canada
14
Royal Bank of Canada
Ontario, Canada
$166M -$15.6M -195,147 -7%
Invesco
15
Invesco
Georgia
$162M -$9.16M -114,624 -4%
UBS AM
16
UBS AM
Illinois
$161M +$31.3M +391,261 +18%
Legal & General Group
17
Legal & General Group
United Kingdom
$160M +$5.76M +72,092 +3%
Fidelity Investments
18
Fidelity Investments
Massachusetts
$145M -$11.6M -145,093 -6%
Goldman Sachs
19
Goldman Sachs
New York
$140M -$80.2M -1,003,656 -31%
Swiss National Bank
20
Swiss National Bank
Switzerland
$139M +$37M +462,600 +27%
LCOV
21
London Company of Virginia
Virginia
$139M -$3.71M -46,425 -2%
Morgan Stanley
22
Morgan Stanley
New York
$133M -$22M -274,919 -12%
Schroder Investment Management Group
23
Schroder Investment Management Group
United Kingdom
$130M +$72.9M +913,172 +84%
Deutsche Bank
24
Deutsche Bank
Germany
$119M +$92.5M +1,157,883 +157%
TAM
25
Troy Asset Management
United Kingdom
$106M +$126M +1,581,663 +1,648%

PAYX Hedge Fund Activity: Q1 2020 in Review

1,075 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q1 2020, worth a combined $15.8B — down 25% from $21.1B a quarter earlier.

Sellers outnumbered buyers: 168 funds closed out of PAYX and 77 opened new positions — a net loss of 91 holders — while 458 trimmed existing stakes and 375 added.

The largest buyer was Select Equity Group, adding an estimated $149M. The largest seller was Wells Fargo, cutting an estimated $82.8M.

  • 1,075 institutional investors held Paychex (PAYX) as of Q1 2020, down from 1,181 in Q4 2019.
  • Funds reported $15.8B of Paychex stock for Q1 2020, down 25% quarter-over-quarter.
  • 77 funds opened new Paychex positions in Q1 2020 and 168 closed out, a net change of -91 holders.
  • The largest Paychex buyer in Q1 2020 was Select Equity Group, an estimated $149M added.
  • The largest Paychex seller in Q1 2020 was Wells Fargo, an estimated $82.8M sold.

Based on aggregated 13F filings for Q1 2020.