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Paychex
PAYX

1,541 hedge funds and large institutions have $37.1B invested in Paychex in 2024 Q3 according to their latest regulatory filings, with 138 funds opening new positions, 554 increasing their positions, 575 reducing their positions, and 92 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 138 | Existing positions closed: 92

14% more capital invested

Capital invested by funds: $32.4B → $37.1B (+$4.68B)

7% more funds holding in top 10

Funds holding in top 10: 15 → 16 (+1)

2% more funds holding

Funds holding: 1,513 → 1,541 (+28)

1.1% more ownership

Funds ownership: 75.96% → 77.06% (+1.1%)

4% less repeat investments, than reductions

Existing positions increased: 554 | Existing positions reduced: 575

16% less call options, than puts

Call options by funds: $352M | Put options by funds: $417M

Holders
1,541
Holders Change
+28
Holders Change %
+1.85%
% of All Funds
22.13%
Holding in Top 10
16
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+6.67%
% of All Funds
0.23%
New
138
Increased
554
Reduced
575
Closed
92
Calls
$352M
Puts
$417M
Net Calls
-$64.8M
Net Calls Change
-$87M

Top Buyers

1
Capital International Investors
Capital International Investors
California
+$282M
2
JP Morgan Chase
JP Morgan Chase
New York
+$198M
3
Federated Hermes
Federated Hermes
Pennsylvania
+$146M
4
IAIM
International Assets Investment Management
Florida
+$101M
5
Norges Bank
Norges Bank
Norway
+$88.3M

Top Sellers

1
BlackRock
BlackRock
New York
-$131M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$63.1M
3
AllianceBernstein
AllianceBernstein
Tennessee
-$55.8M
4
Nordea Investment Management
Nordea Investment Management
Sweden
-$52.4M
5
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$48.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$4.21B +$37.3M +293,978 +0.9%
BlackRock
2
BlackRock
New York
$3.62B -$131M -1,034,295 -4%
Capital International Investors
3
Capital International Investors
California
$3.59B +$282M +2,217,438 +9%
State Street
4
State Street
Massachusetts
$1.78B +$7.68M +60,455 +0.5%
Bank of New York Mellon
5
Bank of New York Mellon
New York
$1.42B -$45M -354,638 -3%
Wells Fargo
6
Wells Fargo
California
$1.28B -$3.7M -29,159 -0.3%
Charles Schwab
7
Charles Schwab
California
$1.28B +$43.9M +345,682 +4%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$1.26B +$24.2M +190,937 +2%
Bank of America
9
Bank of America
North Carolina
$763M -$20.5M -161,812 -3%
Morgan Stanley
10
Morgan Stanley
New York
$670M +$56.7M +446,750 +10%
Northern Trust
11
Northern Trust
Illinois
$552M -$25.9M -204,186 -5%
Invesco
12
Invesco
Georgia
$523M +$41M +323,161 +9%
JP Morgan Chase
13
JP Morgan Chase
New York
$515M +$198M +1,558,261 +68%
Goldman Sachs
14
Goldman Sachs
New York
$393M -$10.2M -80,469 -3%
Fidelity International
15
Fidelity International
Bermuda
$378M +$5.76M +45,397 +2%
Capital World Investors
16
Capital World Investors
California
$370M – – –
UBS AM
17
UBS AM
Illinois
$366M -$19.7M -155,531 -5%
Dimensional Fund Advisors
18
Dimensional Fund Advisors
Texas
$346M +$28.2M +221,746 +9%
Legal & General Group
19
Legal & General Group
United Kingdom
$346M +$9.37M +73,818 +3%
Ameriprise
20
Ameriprise
Minnesota
$310M +$13.5M +106,410 +5%
Envestnet Asset Management
21
Envestnet Asset Management
Illinois
$301M -$48.7M -383,485 -15%
TD Asset Management
22
TD Asset Management
Ontario, Canada
$282M +$2.72M +21,394 +1%
First Trust Advisors
23
First Trust Advisors
Illinois
$282M +$10.9M +85,716 +4%
UBS Group
24
UBS Group
Switzerland
$259M -$13.1M -103,402 -5%
Royal Bank of Canada
25
Royal Bank of Canada
Ontario, Canada
$249M -$48.3M -380,399 -17%
1
2 3 4 5

PAYX Hedge Fund Activity: Q3 2024 in Review

1,541 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q3 2024, worth a combined $37.1B — up 14% from $32.4B a quarter earlier.

Buyers outnumbered sellers: 138 funds opened new PAYX positions and 92 closed out — a net gain of 46 holders — while 554 added to existing stakes and 575 trimmed.

The largest buyer was Capital International Investors, adding an estimated $282M. The largest seller was BlackRock, cutting an estimated $131M.

  • 1,541 institutional investors held Paychex (PAYX) as of Q3 2024, up from 1,513 in Q2 2024.
  • Funds reported $37.1B of Paychex stock for Q3 2024, up 14% quarter-over-quarter.
  • 138 funds opened new Paychex positions in Q3 2024 and 92 closed out, a net change of +46 holders.
  • The largest Paychex buyer in Q3 2024 was Capital International Investors, an estimated $282M added.
  • The largest Paychex seller in Q3 2024 was BlackRock, an estimated $131M sold.

Based on aggregated 13F filings for Q3 2024.