Paychex

PAYX • NASDAQ

Paychex is a staffing & employment services company in the industrials sector on NASDAQ, led by John B. Gibson, with a market cap of $41.5B. As of Q3 2025, 76% of shares are held by 1,574 institutional investors, with VANGUARD GROUP INC as the largest holder at 10.49%.

President and CEOJohn B. Gibson

Market Cap$41.5B

Staffing & Employment Services

Industrials

Employees16.5K

Websitepaychex.com

Country

United States of America

Overview

Overview of institutional ownership in PAYX as of Q3 2025 with a market cap of $45.6B

All Institutions

Institutions: 1,574
Value Held: $34.4B
Shares Held: 271.9M
Avg Position: $21.9M
Median Position: $824.4K

Hedge Funds

Hedge Funds: 67
Value Held: $1.4B
Shares Held: 10.7M
Avg Position: $20.3M
Median Position: $2.4M

Ownership Breakdown

Institutional (non-HF)

72.53%

$33.1B

Hedge Funds

2.98%

$1.4B

Retail & Other

24.49%

$11.2B

Based on market cap of $45.6B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PAYX as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$4.8B 0.07% of portfolio	10.49% 37.8M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$3.5B 0.06% of portfolio	7.77% 28.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
C Capital International Investors Institution	-	$2.4B 0.39% of portfolio	5.29% 19.0M shares	Q1 2020 Held for 5y 8m	$615.90B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$1.7B 0.06% of portfolio	3.83% 13.8M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$1.4B 0.23% of portfolio	3.14% 11.3M shares	≤ Q2 2013 Held for 12y 5m+	$620.51B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.2B 0.08% of portfolio	2.67% 9.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
WELLS FARGO & COMPANY/MN Institution	Charles W. Scharf CEO	$1.1B 0.23% of portfolio	2.45% 8.8M shares	Q3 2013 Held for 12y 2m	$488.50B
BANK OF AMERICA CORP /DE/ Institution	Brian T. Moynihan CEO	$714.6M 0.05% of portfolio	1.57% 5.6M shares	≤ Q2 2013 Held for 12y 5m+	$1.33T
Bank of New York Mellon Corp Institution	Robin Vince CEO	$707.8M 0.13% of portfolio	1.55% 5.6M shares	≤ Q2 2013 Held for 12y 5m+	$556.34B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$616.5M 0.04% of portfolio	1.35% 4.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for PAYX in Q3 2025

Traded: −$442.7M
Buyers: 635
Sellers: 805
Total Bought: +$2.5B
Total Sold: −$2.9B
Avg Position: $19.9M

Biggest Buyers

Institution	Net Bought	Current Position
VANGUARD GROUP INC Institution	+$703.5M +5.5M shares	$4.8B 37.8M shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	+$164.4M +1.3M shares	$164.4M 1.3M shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$117.8M +929.4K shares	$117.8M 929.4K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$114.2M +901.1K shares	$122.5M 966.7K shares
Q Qube Research & Technologies Ltd Institution	+$94.9M +748.3K shares	$94.9M 748.3K shares
B BlackRock, Inc. Institution	+$75.9M +598.4K shares	$3.5B 28.0M shares
A Assenagon Asset Management S.A. Institution	+$71.9M +567.4K shares	$106.3M 838.7K shares
BARCLAYS PLC Institution	+$64.9M +511.7K shares	$235.3M 1.9M shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	+$56.1M +442.3K shares	$194.0M 1.5M shares
NORDEA INVESTMENT MANAGEMENT AB Institution	+$51.0M +414.2K shares	$155.3M 1.3M shares

Biggest Sellers

Institution	Net Sold	Current Position
C Capital International Investors Institution	−$442.8M −3.5M shares	$2.4B 19.0M shares
Bank of New York Mellon Corp Institution	−$394.0M −3.1M shares	$707.8M 5.6M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$135.9M −1.1M shares	$346.3M 2.7M shares
C Capital World Investors Institution	−$133.1M −1.1M shares	$55.8M 440.0K shares
Epoch Investment Partners, Inc. Long Only Manager	−$119.2M −940.6K shares	$88.1M 695.3K shares
JPMORGAN CHASE & CO Institution	−$113.7M −897.0K shares	$208.6M 1.6M shares
SCHRODER INVESTMENT MANAGEMENT GROUP RIA/Wealth	−$108.2M −853.4K shares	$32.3M 255.1K shares
Marshall Wace LLP Institution	−$104.3M −822.9K shares	$32.4M 255.5K shares
T TD ASSET MANAGEMENT INC Institution	−$97.3M −767.2K shares	$109.6M 864.7K shares
R ROYAL BANK OF CANADA Institution	−$84.2M −664.1K shares	$160.7M 1.3M shares

Entry and Exit Activity

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

New Positions: 39
New Value: $15.5M
Exited Positions: 158
Exited Value: $174.1M

New Positions

Institution	Position Value
Q Quantessence Capital LLC Hedge Fund•Quant	$2.9M 23.0K shares
PEAK FINANCIAL ADVISORS LLC RIA/Wealth	$2.2M 17.0K shares
V Volterra Technologies LP Hedge Fund•Quant	$1.7M 13.7K shares
R Squared Ltd Private Equity	$1.1M 9.1K shares
O Onyx Bridge Wealth Group LLC RIA/Wealth	$1.1M 8.7K shares
Uniting Wealth Partners, LLC RIA/Wealth	$876.3K 6.9K shares
P Perbak Capital Partners LLP Institution	$728.1K 5.7K shares
T Torrey Growth & Income Advisors RIA/Wealth	$701.2K 5.5K shares
T TEMA ETFS LLC Institution	$628.6K 5.0K shares
1 111 Capital Institution	$618.0K 4.9K shares

Exited Positions

Institution	Previous Position
A AXA Institution	$30.2M 207.4K shares
Oribel Capital Management, LP Hedge Fund•Long/Short	$19.2M 132.3K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$18.6M 127.9K shares
Paradiem, LLC RIA/Wealth	$11.7M 80.6K shares
Madison Asset Management, LLC Long Only Manager	$7.9M 54.6K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	$6.6M 45.5K shares
W Winton Capital Group Ltd Institution	$5.4M 37.0K shares
Atom Investors LP Hedge Fund•Market Neutral	$4.6M 31.8K shares
Jackson Wealth Management, LLC RIA/Wealth	$3.8M 26.5K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$3.3M 22.5K shares

Options Activity

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

Call Positions: 32
Call Value: $294.6M
Put Positions: 34
Put Value: $230.3M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$127.4M 10.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$46.5M 3.7K contracts
J JANE STREET GROUP, LLC Institution	$31.2M 2.5K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$16.7M 1.3K contracts
BANK OF AMERICA CORP /DE/ Institution	$14.8M 1.2K contracts
W WOLVERINE TRADING, LLC Institution	$14.2M 1.1K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$10.2M 808.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$6.6M 523.0 contracts
Q Qube Research & Technologies Ltd Institution	$6.6M 521.0 contracts
D Delta Accumulation, LLC Hedge Fund•Vol Arbitrage	$3.7M 104.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$80.7M 6.4K contracts
WS MANAGEMENT LLLP Hedge Fund•Long/Short	$30.2M 2.4K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$22.0M 1.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$12.7M 1.0K contracts
P PEAK6 LLC Institution	$12.0M 945.0 contracts
J JANE STREET GROUP, LLC Institution	$10.3M 815.0 contracts
UBS Group AG Institution	$9.5M 748.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$7.0M 554.0 contracts
Q Qube Research & Technologies Ltd Institution	$6.0M 475.0 contracts
W WOLVERINE TRADING, LLC Institution	$5.8M 453.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Windsor Advisory Group, LLC Family Office	Stephanie Gullifer Weir CCO	23.14% $26.1M	0.06% 206.3K shares	Q4 2022 Held for 2y 11m	$113.0M
M MCDONALD CAPITAL INVESTORS INC/CA RIA/Wealth	Andrew J. Mcdonald President	6.76% $108.7M	0.24% 857.9K shares	≤ Q2 2013 Held for 12y 5m+	$1.6B
COOPER/HAIMS ADVISORS, LLC RIA/Wealth	Daniel Norris Jones Managing Partner	4.65% $10.0M	0.02% 78.5K shares	Q4 2017 Held for 7y 11m	$214.0M
Hamlin Capital Management, LLC Long Only Manager	Mark (Nmn) Stitzer CEO	3.72% $163.6M	0.36% 1.3M shares	Q1 2020 Held for 5y 8m	$4.4B
P Palmer Knight Co Institution	-	3.65% $7.7M	0.02% 60.8K shares	Q4 2018 Held for 6y 11m	$211.1M
PARTHENON LLC RIA/Wealth	Thomas Alexander Corea CEO	3.47% $31.3M	0.07% 246.8K shares	≤ Q2 2013 Held for 12y 5m+	$902.5M
G Guinness Asset Management LTD Institution	-	3.35% $210.3M	0.45% 1.6M shares	Q4 2018 Held for 6y 11m	$6.3B
A ABSHER WEALTH MANAGEMENT, LLC RIA/Wealth	Michael Forester Absher President	3.32% $27.8M	0.06% 219.0K shares	Q4 2019 Held for 5y 11m	$836.9M
Two Point Capital Management, Inc. RIA/Wealth	John Bryan Mcgowan CEO	3.03% $7.5M	0.02% 59.4K shares	Q2 2025 Held for 5 months	$248.7M
O OPUS INVESTMENT MANAGEMENT INC Insurance Manager	Jeffrey Mark Farber Chairman	2.78% $4.5M	0.01% 35.4K shares	Q3 2013 Held for 12y 2m	$161.2M

Hedge Fund Spotlight

Discover hedge funds investing in PAYX

WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerDan Michael Berkovitz

Portfolio Value: $23.2B
Positions: 502
Last Reported: Q3 2025

Sector Allocation

Position in Paychex

Market Value: $164.4M
Shares Held: 1.3M
Portfolio Weight: 0.71%
Owned Since: 2025-Q1

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