Paylocity
PCTY
117 hedge funds and large institutions have $1.05B invested in Paylocity in 2016 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 59 increasing their positions, 34 reducing their positions, and 18 closing their positions.
74% more repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 34
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
6% less call options, than puts
Call options by funds: $537K | Put options by funds: $572K
4% less funds holding
Funds holding: 122 → 117 (-5)
12% less capital invested
Capital invested by funds: $1.18B → $1.05B (-$136M)
22% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 18
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
+$23.6M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$13.8M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$11.8M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
+$8.99M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$8.55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$36.3M |
| 2 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$9.43M |
| 3 |
PCM
Palisade Capital Management
Fort Lee,
New Jersey
|
-$4.48M |
| 4 |
NIP
Nicholas Investment Partners
Rancho Santa Fe,
California
|
-$4.2M |
| 5 |
RFC
Russell Frank Company
Seattle,
Washington
|
-$4.1M |
PCTY Hedge Fund Activity: Q1 2016 in Review
117 of the 3,767 institutional investors tracked by Wall St. Rank reported a position in Paylocity (PCTY) for Q1 2016, worth a combined $1.05B — down 12% from $1.18B a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of PCTY and 14 opened new positions — a net loss of 4 holders — while 34 trimmed existing stakes and 59 added.
The largest buyer was Franklin Resources, adding an estimated $23.6M. The largest seller was Lord, Abbett & Co, cutting an estimated $36.3M.
- 117 institutional investors held Paylocity (PCTY) as of Q1 2016, down from 122 in Q4 2015.
- Funds reported $1.05B of Paylocity stock for Q1 2016, down 12% quarter-over-quarter.
- 14 funds opened new Paylocity positions in Q1 2016 and 18 closed out, a net change of -4 holders.
- The largest Paylocity buyer in Q1 2016 was Franklin Resources, an estimated $23.6M added.
- The largest Paylocity seller in Q1 2016 was Lord, Abbett & Co, an estimated $36.3M sold.
Based on aggregated 13F filings for Q1 2016.