Corpay

CPAY • NYSE

Corpay is a software - infrastructure company in the technology sector on NYSE, led by Ronald F. Clarke, with a market cap of $23.1B. As of Q3 2025, 90% of shares are held by 662 institutional investors, with VANGUARD GROUP INC as the largest holder at 11.59%.

CEORonald F. Clarke

Market Cap$23.1B

Software - Infrastructure

Technology

Employees10.5K

Websitecorpay.com

Country

United States of America

Overview

Overview of institutional ownership in CPAY as of Q3 2025 with a market cap of $20.3B

All Institutions

Institutions: 662
Value Held: $18.4B
Shares Held: 63.8M
Avg Position: $27.8M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 59
Value Held: $1.5B
Shares Held: 5.3M
Avg Position: $25.8M
Median Position: $2.9M

Ownership Breakdown

Institutional (non-HF)

82.84%

$16.8B

Hedge Funds

7.49%

$1.5B

Retail & Other

9.68%

$2.0B

Based on market cap of $20.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in CPAY as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$2.4B 0.04% of portfolio	11.59% 8.2M shares	Q1 2024 Held for 1y 9m	$6.69T
BlackRock, Inc. Institution	Laurence D. Fink CEO	$1.8B 0.03% of portfolio	8.93% 6.3M shares	Q1 2024 Held for 1y 9m	$5.67T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.3B 0.08% of portfolio	6.27% 4.4M shares	Q4 2023 Held for 2 years	$1.56T
O Orbis Allan Gray Ltd RIA/Wealth	Don Lynn Ray Managing Partner	$1.2B 5.10% of portfolio	5.85% 4.1M shares	Q1 2024 Held for 1y 9m	$23.3B
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$1.1B 0.12% of portfolio	5.41% 3.8M shares	Q1 2024 Held for 1y 9m	$912.31B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$851.7M 0.03% of portfolio	4.19% 3.0M shares	Q1 2024 Held for 1y 9m	$2.88T
Robeco Investment Management, Inc. Long Only Manager	Joseph Francis Feeney CEO	$656.2M 0.67% of portfolio	3.22% 2.3M shares	Q1 2024 Held for 1y 9m	$97.8B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$541.3M 0.03% of portfolio	2.67% 1.9M shares	Q1 2024 Held for 1y 9m	$1.57T
TIGER GLOBAL MANAGEMENT LLC Hedge Fund•Long/Short	Eric Scott Lane President	$510.2M 1.58% of portfolio	2.51% 1.8M shares	Q1 2024 Held for 1y 9m	$32.4B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$501.9M 0.08% of portfolio	2.47% 1.7M shares	Q1 2024 Held for 1y 9m	$633.08B

Net Capital Flow

Institutional buying and selling activity for CPAY in Q3 2025

Traded: −$293.3M
Buyers: 310
Sellers: 340
Total Bought: +$1.0B
Total Sold: −$1.3B
Avg Position: $25.1M

Biggest Buyers

Institution	Net Bought	Current Position
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC Hedge Fund•Long/Short	+$122.4M +425.0K shares	$122.4M 425.0K shares
Hawk Ridge Management LLC Hedge Fund•Long/Short	+$106.4M +369.3K shares	$106.4M 369.3K shares
O Orbis Allan Gray Ltd RIA/Wealth	+$78.5M +272.5K shares	$1.2B 4.1M shares
TIGER GLOBAL MANAGEMENT LLC Hedge Fund•Long/Short	+$77.6M +269.5K shares	$510.2M 1.8M shares
WELLINGTON MANAGEMENT CO LLP Long Only Manager	+$64.4M +223.7K shares	$181.9M 631.5K shares
D D. E. Shaw & Co., Inc. Institution	+$47.9M +166.3K shares	$58.2M 202.1K shares
S Squarepoint Ops LLC Hedge Fund•Quant	+$38.5M +133.6K shares	$39.0M 135.5K shares
GOLDMAN SACHS GROUP INC Institution	+$28.2M +98.0K shares	$166.1M 576.5K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$23.2M +80.5K shares	$25.3M 88.0K shares
P Prana Capital Management, LP Hedge Fund•Long/Short	+$20.5M +71.0K shares	$20.5M 71.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$297.4M −1.0M shares	$1.1B 3.8M shares
Third Point LLC Hedge Fund•Multi-Strategy	−$227.3M −685.0K shares	Sold Off 0 shares
Invesco Ltd. ETF Provider	−$68.2M −236.7K shares	$501.9M 1.7M shares
F FIL Ltd Institution	−$45.2M −156.9K shares	$40.3M 139.9K shares
JPMORGAN CHASE & CO Institution	−$40.5M −140.8K shares	$1.3B 4.4M shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	−$37.1M −128.7K shares	$376.4M 1.3M shares
M MACQUARIE GROUP LTD Institution	−$34.2M −118.7K shares	$73.6M 255.4K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$32.3M −112.1K shares	$94.0M 326.2K shares
M Meridiem Capital Partners LP Hedge Fund•Long/Short	−$29.4M −88.5K shares	Sold Off 0 shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$24.6M −85.4K shares	$7.6M 26.3K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited CPAY in Q3 2025

New Positions: 35
New Value: $142.0M
Exited Positions: 70
Exited Value: $333.3M

New Positions

Institution	Position Value
SPRUCE HOUSE INVESTMENT MANAGEMENT LLC Hedge Fund•Long/Short	$122.4M 425.0K shares
K KNIGHTSBRIDGE ASSET MANAGEMENT, LLC Institution	$6.5M 22.6K shares
Interval Partners, LLC Hedge Fund•Long/Short	$4.0M 13.8K shares
D Delta Global Management LP Hedge Fund•Market Neutral	$2.4M 8.2K shares
H HRT FINANCIAL LLC Institution	$1.5M 5.1K shares
Advocacy Wealth Management Services, LLC RIA/Wealth	$1.1M 3.7K shares
W Winton Capital Group Ltd Institution	$933.9K 3.2K shares
F Fieldview Capital Management, LLC Hedge Fund•Long/Short	$617.0K 2.1K shares
FIRST HORIZON NATIONAL CORP RIA/Wealth	$544.7K 1.9K shares
Rockefeller Capital Management L.P. Long Only Manager	$397.8K 1.4K shares

Exited Positions

Institution	Previous Position
Third Point LLC Hedge Fund•Multi-Strategy	$227.3M 685.0K shares
M Meridiem Capital Partners LP Hedge Fund•Long/Short	$29.4M 88.5K shares
Susquehanna Portfolio Strategies, LLC Private Equity	$17.4M 52.4K shares
WATERS PARKERSON & CO., LLC RIA/Wealth	$10.4M 31.3K shares
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	$8.6M 25.9K shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$5.6M 17.0K shares
SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC Hedge Fund•Distressed	$4.3M 13.1K shares
P PineBridge Investments Ltd Institution	$3.2M 9.8K shares
Family Management Corp RIA/Wealth	$2.7M 8.3K shares
X XTX Topco Ltd Institution	$2.6M 7.9K shares

Options Activity

Institutions with the largest Call and Put options positions in CPAY as of Q3 2025

Call Positions: 8
Call Value: $170.3M
Put Positions: 6
Put Value: $9.0M

Call Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$162.6M 5.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.4M 222.0 contracts
W WOLVERINE TRADING, LLC Institution	$680.4K 23.0 contracts
J JANE STREET GROUP, LLC Institution	$662.5K 23.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	- - contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
P PEAK6 LLC Institution	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Put Positions

Institution	Position Value
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$5.6M 193.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.1M 73.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$749.0K 26.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$316.9K 11.0 contracts
W WOLVERINE TRADING, LLC Institution	$236.7K 8.0 contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Most Committed Institutions

Institutions with CPAY as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Sellaronda Global Management LP Hedge Fund•Long/Short	Gor Nmn Ter-Grigoryan Managing Partner	16.23% $15.1M	0.07% 52.5K shares	Q2 2025 Held for 6 months	$93.2M
Long Path Partners LP Private Equity	William Brennan Managing Partner	14.16% $39.2M	0.19% 136.0K shares	Q1 2024 Held for 1y 9m	$276.6M
BloombergSen Inc. Institution	Jack "Nmn" Tabacinic CEO	8.89% $104.8M	0.52% 363.8K shares	Q1 2024 Held for 1y 9m	$1.2B
P Petrus Trust Company, LTA Institution	-	6.96% $63.5M	0.31% 220.5K shares	Q1 2024 Held for 1y 9m	$912.7M
O Orbis Allan Gray Ltd RIA/Wealth	Don Lynn Ray Managing Partner	5.10% $1.2B	5.85% 4.1M shares	Q1 2024 Held for 1y 9m	$23.3B
Hawk Ridge Management LLC Hedge Fund•Long/Short	David Graham Brown CIO	4.99% $106.4M	0.52% 369.3K shares	Q3 2025 Held for 3 months	$2.1B
S SEGER ELVEKROG INC Institution	-	4.78% $54.2M	0.27% 188.2K shares	Q1 2024 Held for 1y 9m	$1.1B
I Incline Global Management LLC Hedge Fund•Long/Short	Jeffrey Louis Lignelli CEO	4.54% $15.3M	0.08% 53.1K shares	Q1 2024 Held for 1y 9m	$337.3M
Stanley Capital Management, LLC Hedge Fund•Long/Short	Bret Wilson Stanley CCO	3.78% $23.0M	0.11% 79.8K shares	Q2 2024 Held for 1y 6m	$607.7M
WS Portfolio Advisory, LLC Long Only Manager	Warwick Dean Simons Managing Partner	3.28% $60.5K	0.00% 210.0 shares	Q4 2024 Held for 1 year	$1.8M

Hedge Fund Spotlight

Discover hedge funds investing in CPAY

TWO SIGMA INVESTMENTS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerScott David Hoffman

Portfolio Value: $62.0B
Positions: 3,253
Last Reported: Q3 2025

Sector Allocation

Position in Corpay

Market Value: $25.3M
Shares Held: 88.0K
Portfolio Weight: 0.04%
Owned Since: 2024-Q4

Top Holding	Sector	Market Value	Weight
1 SPDR S&P 500 ETF Trust SPY	ETF ETF	$680.4M	1.10%
2 Financial Select Sector SPDR Fund XLF	ETF ETF	$582.6M	0.94%
3 Consumer Staples Select Sector SPDR Fund XLP	ETF ETF	$489.6M	0.79%