Who owns PAYC (PAYC)
Which tracked institutional funds hold PAYC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PAYC company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
107 tracked funds added or opened PAYC while 265 trimmed or exited it between 2025-Q4 and 2026-Q1 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
PAYC’s largest tracked holder by dollar value, VANGUARD GROUP INC, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp gap the other way — the median holder sizes PAYC more heavily than its largest holder by dollar value does.
Book-share is each fund’s reported value in PAYC divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 593 tracked filers holding PAYC, 326 increased or opened the position and 449 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in PAYC between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 38
- VANGUARD PORTFOLIO MANAGEMENT LLC$291M
- VANGUARD CAPITAL MANAGEMENT LLC$256M
- VANGUARD FIDUCIARY TRUST CO$37M
- ANCHOR CAPITAL ADVISORS LLC$22M
- Qube Research & Technologies Ltd$17M
- HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC$13M
Full exits 86
- VANGUARD GROUP INC$867M
- Allianz Asset Management GmbH$71M
- Contour Asset Management LLC$60M
- TWO SIGMA ADVISERS, LP$41M
- NORDEA INVESTMENT MANAGEMENT AB$30M
- Freestone Grove Partners LP$23M
Largest adds
- TWO SIGMA INVESTMENTS, LP$166M
- WORLDQUANT MILLENNIUM ADVISORS LLC$37M
- BlackRock, Inc.$33M
- JANE STREET GROUP, LLC$30M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$28M
- REINHART PARTNERS, LLC.$28M
Largest trims
- POLEN CAPITAL MANAGEMENT LLC$289M
- Invesco Ltd.$238M
- FIRST TRUST ADVISORS LP$158M
- STATE STREET CORP$135M
- FMR LLC$122M
- HARRIS ASSOCIATES L P$116M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. added | 5,423,431 | $659M | 10.5% | 2026-Q1 |
| HARRIS ASSOCIATES L P added | 3,257,774 | $396M | 6.3% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 2,390,904 | $291M | 4.6% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 2,103,146 | $256M | 4.1% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 1,747,666 | $212M | 3.4% | 2026-Q1 |
| STATE STREET CORP trimmed | 1,726,949 | $210M | 3.3% | 2026-Q1 |
| BAILLIE GIFFORD & CO trimmed | 1,537,278 | $187M | 3.0% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 1,322,853 | $161M | 2.6% | 2026-Q1 |
| FMR LLC trimmed | 1,181,007 | $144M | 2.3% | 2026-Q1 |
| REINHART PARTNERS, LLC. added | 1,015,715 | $123M | 2.0% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 881,881 | $107M | 1.7% | 2026-Q1 |
| MORGAN STANLEY added | 819,986 | $100M | 1.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 812,428 | $99M | 1.6% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 810,394 | $98M | 1.6% | 2026-Q1 |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA trimmed | 769,647 | $87M | 1.4% | 2026-Q1 |
| SYLEBRA CAPITAL LLC trimmed | 689,045 | $84M | 1.3% | 2026-Q1 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 657,119 | $80M | 1.3% | 2026-Q1 |
| FEDERATED HERMES, INC. trimmed | 609,119 | $74M | 1.2% | 2026-Q1 |
| WORLDQUANT MILLENNIUM ADVISORS LLC added | 564,342 | $69M | 1.1% | 2026-Q1 |
| River Road Asset Management, LLC added | 539,223 | $66M | 1.0% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 538,376 | $65M | 1.0% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 536,925 | $65M | 1.0% | 2026-Q1 |
| UBS Group AG added | 506,187 | $62M | 1.0% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 462,166 | $56M | 0.9% | 2026-Q1 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC added | 407,747 | $50M | 0.8% | 2026-Q1 |
| Boston Trust Walden Corp added | 345,954 | $42M | 0.7% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 337,237 | $41M | 0.7% | 2026-Q1 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC added | 332,930 | $40M | 0.6% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 332,176 | $40M | 0.6% | 2026-Q1 |
| Sather Financial Group Inc added | 310,729 | $38M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 305,253 | $37M | 0.6% | 2026-Q1 |
| Quantinno Capital Management LP trimmed | 275,365 | $33M | 0.5% | 2026-Q1 |
| MARSHALL WACE, LLP added | 269,884 | $33M | 0.5% | 2026-Q1 |
| JANE STREET GROUP, LLC added | 246,121 | $30M | 0.5% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 243,762 | $30M | 0.5% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS added | 240,363 | $29M | 0.5% | 2026-Q1 |
| HRT FINANCIAL LP added | 234,304 | $28M | 0.5% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. added | 172,744 | $28M | 0.4% | 2026-Q1 |
| Marathon Asset Management Ltd added | 223,315 | $27M | 0.4% | 2026-Q1 |
| Fundsmith LLP trimmed | 219,457 | $27M | 0.4% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 215,550 | $26M | 0.4% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 202,033 | $25M | 0.4% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC trimmed | 196,687 | $24M | 0.4% | 2026-Q1 |
| ANCHOR CAPITAL ADVISORS LLC new | 183,231 | $22M | 0.4% | 2026-Q1 |
| Trexquant Investment LP added | 183,184 | $22M | 0.4% | 2026-Q1 |
| Public Sector Pension Investment Board added | 174,808 | $21M | 0.3% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 173,481 | $21M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 169,757 | $21M | 0.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 168,593 | $20M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 154,581 | $19M | 0.3% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 153,306 | $19M | 0.3% | 2026-Q1 |
| Ninety One UK Ltd added | 146,521 | $18M | 0.3% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 138,821 | $17M | 0.3% | 2026-Q1 |
| Legal & General Group Plc trimmed | 138,461 | $17M | 0.3% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 124,711 | $15M | 0.2% | 2026-Q1 |
| Woodline Partners LP trimmed | 122,814 | $15M | 0.2% | 2026-Q1 |
| JPMORGAN CHASE & CO trimmed | 114,671 | $14M | 0.2% | 2026-Q1 |
| CITIGROUP INC added | 111,845 | $14M | 0.2% | 2026-Q1 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC new | 107,930 | $13M | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 107,633 | $13M | 0.2% | 2026-Q1 |
| BROWN CAPITAL MANAGEMENT LLC trimmed | 104,486 | $13M | 0.2% | 2026-Q1 |
| Man Group plc added | 104,010 | $13M | 0.2% | 2026-Q1 |
| Aware Super Pty Ltd as trustee of Aware Super trimmed | 100,422 | $12M | 0.2% | 2026-Q1 |
| PDT Partners, LLC added | 100,222 | $12M | 0.2% | 2026-Q1 |
| Swiss National Bank trimmed | 97,700 | $12M | 0.2% | 2026-Q1 |
| Invesco Ltd. trimmed | 90,137 | $11M | 0.2% | 2026-Q1 |
| Nuveen, LLC trimmed | 86,431 | $11M | 0.2% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 85,319 | $10M | 0.2% | 2026-Q1 |
| AMIRAL GESTION trimmed | 84,206 | $10M | 0.2% | 2026-Q1 |
| ExodusPoint Capital Management, LP added | 80,057 | $10M | 0.2% | 2026-Q1 |
| Jump Financial, LLC added | 79,900 | $10M | 0.2% | 2026-Q1 |
| Mitsubishi UFJ Trust & Banking Corp trimmed | 77,785 | $9M | 0.2% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co added | 75,568 | $9M | 0.1% | 2026-Q1 |
| BLI - Banque de Luxembourg Investments | 56,300 | $9M | 0.1% | 2026-Q1 |
| Amundi trimmed | 72,925 | $9M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 5,438,033 | $867M | 13.8% | 2025-Q4 stale |
| Allianz Asset Management GmbH trimmed | 444,338 | $71M | 1.1% | 2025-Q4 stale |
| Contour Asset Management LLC new | 378,595 | $60M | 1.0% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP trimmed | 258,500 | $41M | 0.7% | 2025-Q4 stale |
| JENNISON ASSOCIATES LLC trimmed | 170,990 | $36M | 0.6% | 2025-Q3 stale |
| Alyeska Investment Group, L.P. trimmed | 159,118 | $33M | 0.5% | 2025-Q3 stale |
| NORDEA INVESTMENT MANAGEMENT AB added | 190,276 | $30M | 0.5% | 2025-Q4 stale |
| Caisse de depot et placement du Quebec trimmed | 141,056 | $29M | 0.5% | 2025-Q3 stale |
| Freestone Grove Partners LP trimmed | 146,862 | $23M | 0.4% | 2025-Q4 stale |
| TWINBEECH CAPITAL LP added | 100,188 | $23M | 0.4% | 2025-Q2 stale |
| AMERICAN CAPITAL MANAGEMENT INC trimmed | 103,802 | $22M | 0.3% | 2025-Q3 stale |
| TODD ASSET MANAGEMENT LLC new | 102,243 | $21M | 0.3% | 2025-Q3 stale |
| Glenmede Investment Management, LP trimmed | 98,341 | $20M | 0.3% | 2025-Q3 stale |
| Squarepoint Ops LLC trimmed | 125,604 | $20M | 0.3% | 2025-Q4 stale |
| Aureus Asset Management, LLC trimmed | 116,801 | $19M | 0.3% | 2025-Q4 stale |
| BARLOW WEALTH PARTNERS, INC. trimmed | 80,269 | $18M | 0.3% | 2025-Q2 stale |
| Korea Investment CORP added | 108,525 | $17M | 0.3% | 2025-Q4 stale |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 105,796 | $17M | 0.3% | 2025-Q4 stale |
| HSBC HOLDINGS PLC added | 98,103 | $16M | 0.2% | 2025-Q4 stale |
| Candlestick Capital Management LP trimmed | 60,104 | $14M | 0.2% | 2025-Q2 stale |
| AXA S.A. added | 57,446 | $13M | 0.2% | 2025-Q2 stale |
| KELLY LAWRENCE W & ASSOCIATES INC/CA added | 53,062 | $12M | 0.2% | 2025-Q1 stale |
| VIRGINIA RETIREMENT SYSTEMS ET Al added | 71,600 | $11M | 0.2% | 2025-Q4 stale |
| FRONTIER CAPITAL MANAGEMENT CO LLC added | 68,904 | $11M | 0.2% | 2025-Q4 stale |
| ADAMS DIVERSIFIED EQUITY FUND, INC. added | 41,500 | $10M | 0.2% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.