Paylocity
PCTY
435 hedge funds and large institutions have $7.26B invested in Paylocity in 2023 Q4 according to their latest regulatory filings, with 67 funds opening new positions, 154 increasing their positions, 160 reducing their positions, and 73 closing their positions.
112% more call options, than puts
Call options by funds: $113M | Put options by funds: $53.2M
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
2.76% more ownership
Funds ownership: 75.65% → 78.42% (+2.8%)
4% less repeat investments, than reductions
Existing positions increased: 154 | Existing positions reduced: 160
8% less first-time investments, than exits
New positions opened: 67 | Existing positions closed: 73
2% less funds holding
Funds holding: 445 → 435 (-10)
6% less capital invested
Capital invested by funds: $7.71B → $7.26B (-$445M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$169M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$141M |
| 3 |
Capital International Investors
Los Angeles,
California
|
+$111M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$110M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$83.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ESCM
Echo Street Capital Management
New York
|
-$197M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$99.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$93.4M |
| 4 |
Franklin Resources
San Mateo,
California
|
-$92.7M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$35.9M |
PCTY Hedge Fund Activity: Q4 2023 in Review
435 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Paylocity (PCTY) for Q4 2023, worth a combined $7.26B — down 5.8% from $7.71B a quarter earlier.
Sellers outnumbered buyers: 73 funds closed out of PCTY and 67 opened new positions — a net loss of 6 holders — while 160 trimmed existing stakes and 154 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $169M. The largest seller was Echo Street Capital Management, exiting entirely with an estimated $197M sold.
- 435 institutional investors held Paylocity (PCTY) as of Q4 2023, down from 445 in Q3 2023.
- Funds reported $7.26B of Paylocity stock for Q4 2023, down 5.8% quarter-over-quarter.
- 67 funds opened new Paylocity positions in Q4 2023 and 73 closed out, a net change of -6 holders.
- The largest Paylocity buyer in Q4 2023 was T. Rowe Price Associates, an estimated $169M added.
- The largest Paylocity seller in Q4 2023 was Echo Street Capital Management, an estimated $197M sold.
Based on aggregated 13F filings for Q4 2023.