Paychex
PAYX
1,514 hedge funds and large institutions have $27.2B invested in Paychex in 2026 Q1 according to their latest regulatory filings, with 155 funds opening new positions, 617 increasing their positions, 534 reducing their positions, and 214 closing their positions.
22% more call options, than puts
Call options by funds: $182M | Put options by funds: $149M
16% more repeat investments, than reductions
Existing positions increased: 617 | Existing positions reduced: 534
0.25% more ownership
Funds ownership: 82.23% → 82.48% (+0.25%)
5% less funds holding
Funds holding: 1,591 → 1,514 (-77)
18% less capital invested
Capital invested by funds: $33.1B → $27.2B (-$5.87B)
28% less first-time investments, than exits
New positions opened: 155 | Existing positions closed: 214
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
+$344M |
| 2 |
JP Morgan Chase
New York
|
+$129M |
| 3 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$116M |
| 4 |
Millennium Management
New York
|
+$101M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
+$91.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$223M |
| 2 |
Charles Schwab
San Francisco,
California
|
-$215M |
| 3 |
Select Equity Group
New York
|
-$202M |
| 4 |
BG
Bahl & Gaynor
Cincinnati,
Ohio
|
-$119M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$102M |
PAYX Hedge Fund Activity: Q1 2026 in Review
1,514 of the 8,208 institutional investors tracked by Wall St. Rank reported a position in Paychex (PAYX) for Q1 2026, worth a combined $27.2B — down 18% from $33.1B a quarter earlier.
Sellers outnumbered buyers: 214 funds closed out of PAYX and 155 opened new positions — a net loss of 59 holders — while 534 trimmed existing stakes and 617 added.
The largest buyer was Federated Hermes, adding an estimated $344M. The largest seller was Wells Fargo, cutting an estimated $223M.
- 1,514 institutional investors held Paychex (PAYX) as of Q1 2026, down from 1,591 in Q4 2025.
- Funds reported $27.2B of Paychex stock for Q1 2026, down 18% quarter-over-quarter.
- 155 funds opened new Paychex positions in Q1 2026 and 214 closed out, a net change of -59 holders.
- The largest Paychex buyer in Q1 2026 was Federated Hermes, an estimated $344M added.
- The largest Paychex seller in Q1 2026 was Wells Fargo, an estimated $223M sold.
Based on aggregated 13F filings for Q1 2026.