Who owns Paychex (PAYX)
Which tracked institutional funds hold PAYX, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PAYX company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 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
398 tracked funds added or opened PAYX while 202 trimmed or exited it between 2026-Q1 and 2026-Q2 — 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
PAYX’s largest tracked holder by dollar value, Capital International Investors, sizes it at 0.6% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.5pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in PAYX 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 2026-Q1 and 2026-Q2, across 1452 tracked filers holding PAYX, 757 increased or opened the position and 711 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
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 PAYX between the 2026-Q1 and 2026-Q2 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 46
- SEMPER AUGUSTUS INVESTMENTS GROUP LLC$21M
- CORDA Investment Management, LLC.$17M
- Freestone Grove Partners LP$14M
- Nykredit A/S$13M
- Waratah Capital Advisors Ltd.$13M
- DARK FOREST CAPITAL MANAGEMENT LP$7M
Full exits 93
- Capital Research Global Investors$193M
- Amundi$151M
- VOLORIDGE INVESTMENT MANAGEMENT, LLC$91M
- WEDGE CAPITAL MANAGEMENT L L P/NC$52M
- Epoch Investment Partners, Inc.$48M
- DekaBank Deutsche Girozentrale$46M
Largest adds
- BlackRock, Inc.$626M
- Invesco Ltd.$588M
- NORGES BANK$193M
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC$159M
- MORGAN STANLEY$155M
- VICTORY CAPITAL MANAGEMENT INC$141M
Largest trims
- AMERIPRISE FINANCIAL INC$152M
- Select Equity Group, L.P.$110M
- RENAISSANCE TECHNOLOGIES LLC$86M
- NEUBERGER BERMAN GROUP LLC$71M
- California Public Employees Retirement System$39M
- FRANKLIN RESOURCES INC$33M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Capital International Investors trimmed | 28,840,445 | $2.8B | 11.3% | 2026-Q2 |
| BlackRock, Inc. added | 27,753,178 | $2.7B | 10.9% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 21,040,690 | $2.1B | 8.3% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 15,277,715 | $1.5B | 6.0% | 2026-Q2 |
| STATE STREET CORP added | 14,411,341 | $1.4B | 5.7% | 2026-Q2 |
| Invesco Ltd. added | 13,040,655 | $1.3B | 5.1% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 10,402,177 | $1.0B | 4.1% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 10,250,030 | $1.0B | 4.1% | 2026-Q2 |
| MORGAN STANLEY added | 6,540,823 | $643M | 2.6% | 2026-Q2 |
| FEDERATED HERMES, INC. trimmed | 5,881,768 | $578M | 2.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 4,619,471 | $454M | 1.8% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 4,414,326 | $434M | 1.7% | 2026-Q2 |
| NORTHERN TRUST CORP added | 4,006,462 | $394M | 1.6% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 3,852,234 | $379M | 1.5% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 3,366,093 | $331M | 1.3% | 2026-Q2 |
| UBS Group AG trimmed | 3,303,592 | $325M | 1.3% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 2,838,927 | $283M | 1.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 2,764,004 | $272M | 1.1% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 2,741,215 | $270M | 1.1% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 2,706,479 | $266M | 1.1% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 2,669,450 | $262M | 1.0% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 2,329,624 | $229M | 0.9% | 2026-Q2 |
| Select Equity Group, L.P. trimmed | 2,320,215 | $228M | 0.9% | 2026-Q2 |
| NORGES BANK added | 2,131,253 | $210M | 0.8% | 2026-Q2 |
| Legal & General Group Plc trimmed | 2,107,031 | $207M | 0.8% | 2026-Q2 |
| STIFEL FINANCIAL CORP added | 2,045,500 | $201M | 0.8% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 2,040,389 | $201M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 1,968,422 | $194M | 0.8% | 2026-Q2 |
| Guinness Asset Management LTD trimmed | 1,856,567 | $182M | 0.7% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 1,810,554 | $178M | 0.7% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC added | 1,768,882 | $174M | 0.7% | 2026-Q2 |
| FMR LLC added | 1,655,897 | $163M | 0.7% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 1,532,704 | $151M | 0.6% | 2026-Q2 |
| LPL Financial LLC added | 1,503,466 | $148M | 0.6% | 2026-Q2 |
| LONDON CO OF VIRGINIA trimmed | 1,326,406 | $130M | 0.5% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 1,199,204 | $118M | 0.5% | 2026-Q2 |
| Hamlin Capital Management, LLC added | 1,196,771 | $118M | 0.5% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 1,054,013 | $104M | 0.4% | 2026-Q2 |
| Nuveen, LLC added | 1,012,695 | $100M | 0.4% | 2026-Q2 |
| MARSHALL WACE, LLP added | 970,878 | $95M | 0.4% | 2026-Q2 |
| CONFLUENCE INVESTMENT MANAGEMENT LLC trimmed | 952,424 | $94M | 0.4% | 2026-Q2 |
| Swiss National Bank trimmed | 909,500 | $89M | 0.4% | 2026-Q2 |
| Swiss Life Asset Management Ltd trimmed | 888,495 | $87M | 0.3% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 818,822 | $81M | 0.3% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 814,857 | $80M | 0.3% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 810,344 | $80M | 0.3% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 801,817 | $79M | 0.3% | 2026-Q2 |
| Baird Financial Group, Inc. added | 775,030 | $76M | 0.3% | 2026-Q2 |
| MCDONALD CAPITAL INVESTORS INC/CA trimmed | 772,536 | $76M | 0.3% | 2026-Q2 |
| Corient Private Wealth LP added | 758,163 | $75M | 0.3% | 2026-Q2 |
| Gotham Asset Management, LLC added | 757,118 | $74M | 0.3% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 736,362 | $72M | 0.3% | 2026-Q2 |
| CRAWFORD INVESTMENT COUNSEL INC added | 720,389 | $71M | 0.3% | 2026-Q2 |
| BARCLAYS PLC trimmed | 710,745 | $70M | 0.3% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 695,633 | $68M | 0.3% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 690,182 | $68M | 0.3% | 2026-Q2 |
| National Pension Service added | 685,708 | $67M | 0.3% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 679,897 | $67M | 0.3% | 2026-Q2 |
| Quantinno Capital Management LP added | 675,216 | $66M | 0.3% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 611,792 | $60M | 0.2% | 2026-Q2 |
| Mariner, LLC added | 590,371 | $58M | 0.2% | 2026-Q2 |
| CITIGROUP INC trimmed | 581,950 | $57M | 0.2% | 2026-Q2 |
| DONALDSON CAPITAL MANAGEMENT, LLC added | 581,263 | $57M | 0.2% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 577,144 | $57M | 0.2% | 2026-Q2 |
| California Public Employees Retirement System trimmed | 565,498 | $56M | 0.2% | 2026-Q2 |
| NOMURA ASSET MANAGEMENT CO LTD trimmed | 525,976 | $52M | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 520,422 | $48M | 0.2% | 2026-Q2 |
| Woodline Partners LP trimmed | 504,835 | $50M | 0.2% | 2026-Q2 |
| MILLER HOWARD INVESTMENTS INC /NY added | 503,623 | $50M | 0.2% | 2026-Q2 |
| Welch Group, LLC added | 503,577 | $50M | 0.2% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. added | 492,340 | $48M | 0.2% | 2026-Q2 |
| Capital International, Inc./CA/ trimmed | 483,287 | $48M | 0.2% | 2026-Q2 |
| Cerity Partners LLC added | 476,046 | $47M | 0.2% | 2026-Q2 |
| Willis Investment Counsel added | 467,688 | $46M | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 432,434 | $43M | 0.2% | 2026-Q2 |
| MML INVESTORS SERVICES, LLC added | 423,834 | $42M | 0.2% | 2026-Q2 |
| PFA Pension, Forsikringsaktieselskab trimmed | 418,426 | $41M | 0.2% | 2026-Q2 |
| GRANDFIELD & DODD, LLC added | 417,092 | $41M | 0.2% | 2026-Q2 |
| Prana Capital Management, LP added | 400,110 | $39M | 0.2% | 2026-Q2 |
| &PARTNERS added | 398,076 | $39M | 0.2% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 393,800 | $39M | 0.2% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 392,986 | $39M | 0.2% | 2026-Q2 |
| ProShare Advisors LLC trimmed | 384,365 | $38M | 0.2% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 381,691 | $38M | 0.1% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 373,035 | $37M | 0.1% | 2026-Q2 |
| Welch & Forbes LLC added | 363,475 | $36M | 0.1% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 357,343 | $35M | 0.1% | 2026-Q2 |
| BAILLIE GIFFORD & CO added | 348,859 | $34M | 0.1% | 2026-Q2 |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ added | 343,991 | $34M | 0.1% | 2026-Q2 |
| RWC Asset Management LLP added | 329,670 | $32M | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 326,344 | $32M | 0.1% | 2026-Q2 |
| Creative Planning added | 321,743 | $32M | 0.1% | 2026-Q2 |
| ALPS ADVISORS INC trimmed | 319,275 | $31M | 0.1% | 2026-Q2 |
| Universal- Beteiligungs- und Servicegesellschaft mbH trimmed | 313,893 | $31M | 0.1% | 2026-Q2 |
| TOCQUEVILLE ASSET MANAGEMENT L.P. added | 310,631 | $31M | 0.1% | 2026-Q2 |
| CAPITAL ADVISORS INC/OK added | 302,296 | $30M | 0.1% | 2026-Q2 |
| Connor, Clark & Lunn Investment Management Ltd. added | 294,257 | $29M | 0.1% | 2026-Q2 |
| AVIVA PLC added | 288,235 | $28M | 0.1% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 287,346 | $28M | 0.1% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 280,099 | $28M | 0.1% | 2026-Q2 |
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.