Paychex
PAYX
1,443 hedge funds and large institutions have $30.1B invested in Paychex in 2023 Q3 according to their latest regulatory filings, with 120 funds opening new positions, 531 increasing their positions, 507 reducing their positions, and 74 closing their positions.
91% more call options, than puts
Call options by funds: $260M | Put options by funds: $136M
62% more first-time investments, than exits
New positions opened: 120 | Existing positions closed: 74
11% more funds holding in top 10
Funds holding in top 10: 18 → 20 (+2)
2% more funds holding
Funds holding: 1,415 → 1,443 (+28)
5% more repeat investments, than reductions
Existing positions increased: 531 | Existing positions reduced: 507
3% more capital invested
Capital invested by funds: $29.2B → $30.1B (+$877M)
0.18% less ownership
Funds ownership: 72.49% → 72.31% (-0.18%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$232M |
| 2 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$144M |
| 3 |
Ameriprise
Minneapolis,
Minnesota
|
+$137M |
| 4 |
Goldman Sachs
New York
|
+$115M |
| 5 |
Bank of New York Mellon
New York
|
+$112M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital International Investors
Los Angeles,
California
|
-$222M |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$105M |
| 3 |
Millennium Management
New York
|
-$97.2M |
| 4 |
Lazard Asset Management
New York
|
-$58.8M |
| 5 |
Los Angeles Capital Management
Los Angeles,
California
|
-$58.6M |
PAYX Hedge Fund Activity: Q3 2023 in Review
1,443 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q3 2023, worth a combined $30.1B — up 3% from $29.2B a quarter earlier.
Buyers outnumbered sellers: 120 funds opened new PAYX positions and 74 closed out — a net gain of 46 holders — while 531 added to existing stakes and 507 trimmed.
The largest buyer was Fidelity International, opening a new position worth an estimated $232M. The largest seller was Capital International Investors, cutting an estimated $222M.
- 1,443 institutional investors held Paychex (PAYX) as of Q3 2023, up from 1,415 in Q2 2023.
- Funds reported $30.1B of Paychex stock for Q3 2023, up 3% quarter-over-quarter.
- 120 funds opened new Paychex positions in Q3 2023 and 74 closed out, a net change of +46 holders.
- The largest Paychex buyer in Q3 2023 was Fidelity International, an estimated $232M added.
- The largest Paychex seller in Q3 2023 was Capital International Investors, an estimated $222M sold.
Based on aggregated 13F filings for Q3 2023.