Paychex: which funds bought and sold
Institutions that bought and sold Paychex shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.
Between March 31, 2026 and June 30, 2026, 767 institutions that filed 13F reports for both quarters added to or opened positions in Paychex, and 655 cut or closed them. Together they sold a net 990K shares, −0.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 2.7M shares (−4.4%); index fund managers were net buyers of 701K shares (+0.7%). 138 opened a new position and 118 sold out entirely.
Bought, Q2 2026 767 institutions, 138 of them new holders Sold, Q2 2026 655 institutions, 118 of them sold out
Net change, all compared −990K shares (−0.3%)
Net change, active managers −2.7M shares (−4.4%), 31 bought, 42 sold
Buyers versus sellers
767 bought 201 655 sold
Active managers and hedge funds 31 bought · 42 sold · −2.7M
Index fund managers 7 bought · 5 sold · +701K
Other institutions 729 bought · 608 sold · +1.0M
Biggest buyers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Victory Capital Management Inc Active manager | +1.3M +95.8% | 2.7M | $270M |
| Morgan Stanley | +1.2M +23.5% | 6.5M | $643M |
| Millennium Management LLC Hedge fund | +1.2M +105.3% | 2.3M | $229M |
| AQR Capital Management LLC Hedge fund | +1.1M +123.6% | 2.0M | $201M |
| Charles Schwab Investment Management Inc Index funds | +1.0M +11.0% | 10.4M | $1B |
| First Trust Advisors LP | +1.0M +43.6% | 3.4M | $331M |
| Marshall Wace, LLP Hedge fund | +762K +365.6% | 971K | $95.5M |
| Goldman Sachs Group Inc | +660K +16.7% | 4.6M | $454M |
| FMR LLC Active manager | +596K +56.2% | 1.7M | $163M |
| Gotham Asset Management, LLC Hedge fund | +481K +174.6% | 757K | $74.4M |
| State Street Corp Index funds | +362K +2.6% | 14.4M | $1.4B |
| BNP Paribas Asset Management Holding S.A. | +341K +74.0% | 802K | $78.8M |
| Prana Capital Management, LP Hedge fund | +339K +554.4% | 400K | $39.3M |
| Citadel Advisors LLC Hedge fund | +306K +242.0% | 432K | $42.5M |
| Quantinno Capital Management LP | +287K +73.7% | 675K | $66.4M |
| Invesco Ltd. | +256K +2.0% | 13.0M | $1.3B |
| Brookstone Capital Management | +233K +1365.9% | 251K | $24.6M |
| Semper Augustus Investments Group LLC | +212K New position | 212K | $20.8M |
| Stifel Financial Corp | +200K +10.8% | 2.0M | $201M |
| Tocqueville Asset Management L.P. Active manager | +190K +157.8% | 311K | $30.5M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Victory Capital Management Inc Active manager | +1.3M +95.8% | 2.7M | $270M |
| Millennium Management LLC Hedge fund | +1.2M +105.3% | 2.3M | $229M |
| AQR Capital Management LLC Hedge fund | +1.1M +123.6% | 2.0M | $201M |
| Marshall Wace, LLP Hedge fund | +762K +365.6% | 971K | $95.5M |
| FMR LLC Active manager | +596K +56.2% | 1.7M | $163M |
| Gotham Asset Management, LLC Hedge fund | +481K +174.6% | 757K | $74.4M |
| Prana Capital Management, LP Hedge fund | +339K +554.4% | 400K | $39.3M |
| Citadel Advisors LLC Hedge fund | +306K +242.0% | 432K | $42.5M |
| Tocqueville Asset Management L.P. Active manager | +190K +157.8% | 311K | $30.5M |
| Freestone Grove Partners LP Hedge fund | +140K New position | 140K | $13.8M |
Biggest sellers
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Capital Research Global Investors Active manager | −2.1M Sold out | 0 | — |
| Ameriprise Financial Inc | −1.6M −80.5% | 393K | $38.7M |
| Select Equity Group, L.P. Active manager | −1.3M −36.8% | 2.3M | $228M |
| Capital International Investors Active manager | −1.1M −3.7% | 28.8M | $2.8B |
| Voloridge Investment Management, LLC Hedge fund | −989K Sold out | 0 | — |
| Renaissance Technologies LLC Hedge fund | −948K −81.3% | 219K | $21.5M |
| Neuberger Berman Group LLC Active manager | −791K −77.0% | 236K | $23.3M |
| Blackrock, Inc. Index funds | −661K −2.3% | 27.8M | $2.7B |
| Wedge Capital Management L L P Active manager | −564K Sold out | 0 | — |
| Epoch Investment Partners, Inc. | −517K Sold out | 0 | — |
| California Public Employees Retirement System | −466K −45.2% | 565K | $55.6M |
| Capital World Investors Active manager | −440K Sold out | 0 | — |
| Wells Fargo & Company | −387K −9.1% | 3.9M | $379M |
| Franklin Resources Inc Active manager | −382K −50.0% | 382K | $37.5M |
| Nordea Investment Management AB | −350K −80.1% | 87K | $8.5M |
| Bahl & Gaynor LLC | −311K −63.9% | 176K | $17.3M |
| Rathbones Group PLC | −279K −72.0% | 109K | $10.7M |
| Pfa Pension, Forsikringsaktieselskab | −250K −37.4% | 418K | $41.1M |
| Legal & General Group PLC | −238K −10.2% | 2.1M | $207M |
| Susquehanna International Group, LLP | −229K −75.4% | 75K | $7.4M |
| Institution | Change in shares | Shares June 30, 2026 | Value |
|---|---|---|---|
| Capital Research Global Investors Active manager | −2.1M Sold out | 0 | — |
| Select Equity Group, L.P. Active manager | −1.3M −36.8% | 2.3M | $228M |
| Capital International Investors Active manager | −1.1M −3.7% | 28.8M | $2.8B |
| Voloridge Investment Management, LLC Hedge fund | −989K Sold out | 0 | — |
| Renaissance Technologies LLC Hedge fund | −948K −81.3% | 219K | $21.5M |
| Neuberger Berman Group LLC Active manager | −791K −77.0% | 236K | $23.3M |
| Wedge Capital Management L L P Active manager | −564K Sold out | 0 | — |
| Capital World Investors Active manager | −440K Sold out | 0 | — |
| Franklin Resources Inc Active manager | −382K −50.0% | 382K | $37.5M |
| Jain Global LLC Hedge fund | −185K −95.9% | 7,868 | $773,660 |
New positions
| Institution | Shares | Value June 30, 2026 |
|---|---|---|
| Semper Augustus Investments Group LLC | 212K | $20.8M |
| Corda Investment Management, Llc. | 177K | $17.4M |
| Freestone Grove Partners LPHedge fund | 140K | $13.8M |
| Waratah Capital Advisors Ltd. | 134K | $13.2M |
| Dark Forest Capital Management LP | 69K | $6.8M |
| Alti Global, Inc. | 65K | $6.4M |
| Newsquare Capital LLC | 63K | $6.2M |
| Havemeyer Place LP | 50K | $4.9M |
| Horan Wealth, LLC | 48K | $4.8M |
| Dakota Wealth Management | 48K | $4.7M |
Sold out
| Institution | Shares | Value March 31, 2026 |
|---|---|---|
| Capital Research Global InvestorsActive manager | 2.1M | $193M |
| Voloridge Investment Management, LLCHedge fund | 989K | $91.1M |
| Wedge Capital Management L L PActive manager | 564K | $52M |
| Epoch Investment Partners, Inc. | 517K | $47.6M |
| Capital World InvestorsActive manager | 440K | $40.5M |
| First Long Island Investors, LLC | 127K | $11.7M |
| Sone Capital Management, LLC | 103K | $9.5M |
| Kepler Cheuvreux (Suisse) SA | 77K | $7M |
| Edgestream Partners, L.P.Hedge fund | 70K | $6.4M |
| Sienna Gestion | 53K | $4.9M |
Who holds the shares
- Institutions reporting
- 1,524
- Ten largest holders
- 51.7% of 13F-reported shares
- Index fund managers
- 35.8% of 13F-reported shares
- Active managers and hedge funds
- 19.6% of 13F-reported shares
| Type | Bought | Sold | New | Sold out | Net change in shares | Net % |
|---|---|---|---|---|---|---|
| Active managers and hedge funds | 31 | 42 | 7 | 10 | −2.7M | −4.4% |
| Index fund managers | 7 | 5 | 0 | 0 | +701K | +0.7% |
| Other institutions | 729 | 608 | 131 | 108 | +1.0M | +0.8% |