Paychex
PAYX
1,429 hedge funds and large institutions have $30.2B invested in Paychex in 2023 Q1 according to their latest regulatory filings, with 112 funds opening new positions, 501 increasing their positions, 566 reducing their positions, and 102 closing their positions.
69% more call options, than puts
Call options by funds: $214M | Put options by funds: $126M
1.27% more ownership
Funds ownership: 71.86% → 73.13% (+1.3%)
10% more first-time investments, than exits
New positions opened: 112 | Existing positions closed: 102
1% more capital invested
Capital invested by funds: $29.9B → $30.2B (+$292M)
0% more funds holding in top 10
Funds holding in top 10: 24 → 24 (0)
1% less funds holding
Funds holding: 1,444 → 1,429 (-15)
11% less repeat investments, than reductions
Existing positions increased: 501 | Existing positions reduced: 566
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$288M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$181M |
| 3 |
Millennium Management
New York
|
+$105M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$68.6M |
| 5 |
BG
Bahl & Gaynor
Cincinnati,
Ohio
|
+$59.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$88.5M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$81.2M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$71.2M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$53.8M |
| 5 |
Parnassus Investments
San Francisco,
California
|
-$43.3M |
PAYX Hedge Fund Activity: Q1 2023 in Review
1,429 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q1 2023, worth a combined $30.2B — up 0.98% from $29.9B a quarter earlier.
Buyers outnumbered sellers: 112 funds opened new PAYX positions and 102 closed out — a net gain of 10 holders — while 501 added to existing stakes and 566 trimmed.
The largest buyer was Bank of America, adding an estimated $288M. The largest seller was Arrowstreet Capital, cutting an estimated $88.5M.
- 1,429 institutional investors held Paychex (PAYX) as of Q1 2023, down from 1,444 in Q4 2022.
- Funds reported $30.2B of Paychex stock for Q1 2023, up 0.98% quarter-over-quarter.
- 112 funds opened new Paychex positions in Q1 2023 and 102 closed out, a net change of +10 holders.
- The largest Paychex buyer in Q1 2023 was Bank of America, an estimated $288M added.
- The largest Paychex seller in Q1 2023 was Arrowstreet Capital, an estimated $88.5M sold.
Based on aggregated 13F filings for Q1 2023.