PAYCHEX INC (PAYX)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
Institutions report 296,692,414 shares against 355,682,860 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| Capital International Investors | $2.8B | 28,840,445 | 0.59% | 26q | -3.7%-$109.0M |
| BlackRock, Inc. | $2.7B | 27,753,178 | 0.04% | 8q | -2.3%-$65.0M |
| VANGUARD CAPITAL MANAGEMENT LLC | $2.1B | 21,040,690 | 0.04% | 2q | HELD |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1.5B | 15,277,715 | 0.07% | 2q | HELD |
| STATE STREET CORP | $1.4B | 14,411,341 | 0.04% | 31q | +2.6%+$35.6M |
| Invesco Ltd. | $1.3B | 13,040,655 | 0.10% | 31q | +2.0%+$25.2M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1.0B | 10,402,177 | 0.14% | 31q | +11.0%+$101.0M |
| GEODE CAPITAL MANAGEMENT, LLC | $1.0B | 10,250,030 | 0.05% | 31q | HELD |
| MORGAN STANLEY | $643.2M | 6,540,823 | 0.03% | 35q | +23.5%+$122.2M |
| FEDERATED HERMES, INC. | $578.4M | 5,881,768 | 0.83% | 31q | HELD |
| GOLDMAN SACHS GROUP INC | $468.4M incl. $14.2M options PUT | 4,619,471 | 0.04% | 31q | +16.7%+$66.9M |
| BANK OF AMERICA CORP /DE/ | $434.1M | 4,414,326 | 0.03% | 31q | +2.1%+$8.9M |
| NORTHERN TRUST CORP | $394.0M | 4,006,462 | 0.05% | 31q | HELD |
| WELLS FARGO & COMPANY/MN | $378.8M | 3,852,234 | 0.06% | 31q | -9.1%-$38.1M |
| FIRST TRUST ADVISORS LP | $331.0M | 3,366,093 | 0.19% | 31q | +43.6%+$100.5M |
| UBS Group AG | $330.7M incl. $5.8M options CALL+PUT | 3,303,592 | 0.04% | 31q | -6.5%-$22.9M |
| JPMORGAN CHASE & CO | $283.4M | 2,838,927 | 0.02% | 31q | +3.5%+$9.6M |
| ENVESTNET ASSET MANAGEMENT INC | $271.8M | 2,764,004 | 0.06% | 31q | HELD |
| VICTORY CAPITAL MANAGEMENT INC | $269.5M | 2,741,215 | 0.15% | 31q | +95.8%+$131.9M |
| DIMENSIONAL FUND ADVISORS LP | $266.2M | 2,706,479 | 0.05% | 31q | -4.1%-$11.4M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $262.5M | 2,669,450 | 0.05% | 31q | -1.1%-$2.9M |
| MILLENNIUM MANAGEMENT LLC | $243.3M incl. $14.3M options CALL+PUT | 2,329,624 | 0.09% | 29q | +105.3%+$124.8M |
| Select Equity Group, L.P. | $228.1M | 2,320,215 | 1.13% | 31q | -36.8%-$132.7M |
| NORGES BANK | $209.6M | 2,131,253 | 0.02% | 32q | -7.2%-$16.3M |
| Legal & General Group Plc | $207.2M | 2,107,031 | 0.04% | 31q | -10.2%-$23.4M |
| STIFEL FINANCIAL CORP | $201.1M | 2,045,500 | 0.17% | 31q | +10.8%+$19.6M |
| AQR CAPITAL MANAGEMENT LLC | $200.6M | 2,040,389 | 0.07% | 31q | +123.6%+$110.9M |
| Bank of New York Mellon Corp | $193.6M | 1,968,422 | 0.03% | 31q | -2.0%-$3.9M |
| Guinness Asset Management LTD | $182.0M | 1,856,567 | 3.08% | 31q | -5.7%-$11.0M |
| VANGUARD FIDUCIARY TRUST CO | $178.0M | 1,810,554 | 0.04% | 2q | -1.2%-$2.2M |
| RAYMOND JAMES FINANCIAL INC | $173.9M | 1,768,882 | 0.05% | 7q | +1.0%+$1.8M |
| FMR LLC | $162.8M | 1,655,897 | 0.01% | 31q | +56.2%+$58.6M |
| Amundi | $153.6M | 1,561,968 | 0.04% | 21q | -4.4%-$7.1M |
| DEUTSCHE BANK AG\ | $150.7M | 1,532,704 | 0.04% | 34q | +9.5%+$13.1M |
| LPL Financial LLC | $147.8M | 1,503,466 | 0.03% | 31q | +3.6%+$5.1M |
| LONDON CO OF VIRGINIA | $130.4M | 1,326,406 | 0.74% | 31q | -2.0%-$2.7M |
| Pacer Advisors, Inc. | $128.8M | 1,309,600 | 0.33% | 31q | -0.9%-$1.2M |
| ROYAL BANK OF CANADA | $117.9M | 1,199,204 | 0.02% | 31q | -8.9%-$11.6M |
| Hamlin Capital Management, LLC | $117.7M | 1,196,771 | 2.65% | 26q | +5.2%+$5.9M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $111.8M incl. $104.4M options CALL+PUT | 74,918 | 0.01% | 31q | -75.4%-$342.0M |
| CITADEL ADVISORS LLC | $110.6M incl. $68.1M options CALL+PUT | 432,434 | 0.01% | 31q | +242.0%+$78.3M |
| PNC Financial Services Group, Inc. | $103.6M | 1,054,013 | 0.05% | 31q | +4.9%+$4.8M |
| Nuveen, LLC | $99.6M | 1,012,695 | 0.02% | 6q | +3.3%+$3.2M |
| MARSHALL WACE, LLP | $95.5M | 970,878 | 0.08% | 7q | +365.6%+$75.0M |
| CONFLUENCE INVESTMENT MANAGEMENT LLC | $93.7M | 952,424 | 1.46% | 31q | -1.8%-$1.7M |
| Swiss National Bank | $89.4M | 909,500 | 0.05% | 31q | -4.1%-$3.8M |
| Swiss Life Asset Management Ltd | $87.4M | 888,495 | 0.36% | 41q | -8.9%-$8.5M |
| Sumitomo Mitsui Trust Group, Inc. | $80.5M | 818,822 | 0.05% | 31q | -4.8%-$4.0M |
| HSBC HOLDINGS PLC | $80.1M | 814,857 | 0.03% | 31q | +12.6%+$9.0M |
| Mitsubishi UFJ Asset Management Co., Ltd. | $79.7M | 810,344 | 0.04% | 31q | +4.2%+$3.2M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $78.8M | 801,817 | 0.08% | 31q | +74.0%+$33.5M |
| Baird Financial Group, Inc. | $76.2M | 775,030 | 0.10% | 31q | +0.7%+$493.9K |
| MCDONALD CAPITAL INVESTORS INC/CA | $76.0M | 772,536 | 5.55% | 31q | -7.9%-$6.6M |
| Gotham Asset Management, LLC | $74.4M | 757,118 | 0.17% | 31q | +174.6%+$47.3M |
| Corient Private Wealth LP | $73.5M | 747,865 | 0.10% | 15q | +0.8%+$565.5K |
| VANGUARD ASSET MANAGEMENT, Ltd | $72.4M | 736,362 | 0.05% | 2q | +11.8%+$7.6M |
| CRAWFORD INVESTMENT COUNSEL INC | $70.8M | 720,389 | 1.18% | 31q | +29.3%+$16.0M |
| BARCLAYS PLC | $69.9M | 710,745 | 0.01% | 31q | -23.0%-$20.9M |
| BNP PARIBAS FINANCIAL MARKETS | $68.8M incl. $983.3K options CALL | 690,182 | 0.02% | 31q | +6.9%+$4.5M |
| Vanguard Global Advisers, LLC | $68.4M | 695,633 | 0.03% | 2q | -1.6%-$1.1M |
| National Pension Service | $67.4M | 685,708 | 0.04% | 31q | HELD |
| PRICE T ROWE ASSOCIATES INC /MD/ | $66.9M | 679,897 | 0.01% | 31q | +7.6%+$4.7M |
| Quantinno Capital Management LP | $66.4M | 675,216 | 0.08% | 19q | +73.7%+$28.2M |
| RHUMBLINE ADVISERS | $60.2M | 611,792 | 0.05% | 31q | -4.1%-$2.6M |
| CITIGROUP INC | $58.9M incl. $1.6M options PUT | 581,950 | 0.02% | 31q | -27.4%-$22.2M |
| Mariner, LLC | $58.1M | 590,371 | 0.06% | 31q | +15.6%+$7.8M |
| JANE STREET GROUP, LLC | $57.9M incl. $55.8M options CALL+PUT | 22,078 | 0.00% | 31q | +100.8%+$29.1M |
| DONALDSON CAPITAL MANAGEMENT, LLC | $57.2M | 581,263 | 1.63% | 31q | +4.6%+$2.5M |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $56.8M | 577,144 | 0.05% | 31q | +2.9%+$1.6M |
| California Public Employees Retirement System | $55.6M | 565,498 | 0.03% | 31q | -45.2%-$45.8M |
| NOMURA ASSET MANAGEMENT CO LTD | $51.7M | 525,976 | 0.11% | 31q | -1.0%-$540.0K |
| Woodline Partners LP | $49.6M | 504,835 | 0.15% | 6q | -2.3%-$1.2M |
| MILLER HOWARD INVESTMENTS INC /NY | $49.5M | 503,623 | 1.31% | 12q | +17.0%+$7.2M |
| Welch Group, LLC | $49.5M | 503,577 | 1.69% | 31q | +3.9%+$1.9M |
| Mirae Asset Global Investments Co., Ltd. | $48.4M | 492,340 | 0.07% | 31q | +16.6%+$6.9M |
| ALLIANCEBERNSTEIN L.P. | $47.9M | 520,422 | 0.02% | 31q | -16.0%-$9.2M |
| Capital International, Inc./CA/ | $47.5M | 483,287 | 0.33% | 25q | -7.6%-$3.9M |
| Cerity Partners LLC | $46.8M | 476,046 | 0.06% | 31q | +12.7%+$5.3M |
| Willis Investment Counsel | $46.0M | 467,688 | 2.19% | 28q | +7.0%+$3.0M |
| DekaBank Deutsche Girozentrale | $45.4M | 494,586 | 0.08% | 31q | HELD |
| MML INVESTORS SERVICES, LLC | $41.7M | 423,834 | 0.09% | 31q | +21.8%+$7.5M |
| OLD REPUBLIC INTERNATIONAL CORP | $41.6M | 423,100 | 1.56% | 31q | HELD |
| PFA Pension, Forsikringsaktieselskab | $41.1M | 418,426 | 0.10% | 3q | -37.4%-$24.6M |
| GRANDFIELD & DODD, LLC | $41.0M | 417,092 | 2.15% | 31q | +8.0%+$3.0M |
| IMC-Chicago, LLC | $40.2M CALL+PUT | options only | 0.01% | 16q | OPTIONS |
| Prana Capital Management, LP | $39.3M | 400,110 | 1.19% | 5q | +554.4%+$33.3M |
| &PARTNERS | $39.2M | 398,076 | 0.16% | 11q | +7.2%+$2.6M |
| PRINCIPAL FINANCIAL GROUP INC | $38.7M | 393,800 | 0.02% | 31q | -3.2%-$1.3M |
| AMERIPRISE FINANCIAL INC | $38.7M | 392,986 | 0.01% | 31q | -80.5%-$159.7M |
| ProShare Advisors LLC | $37.8M | 384,365 | 0.05% | 31q | -24.0%-$11.9M |
| FRANKLIN RESOURCES INC | $37.5M | 381,691 | 0.01% | 31q | -50.0%-$37.6M |
| BANK OF MONTREAL /CAN/ | $36.7M | 373,035 | 0.01% | 31q | +15.1%+$4.8M |
| Welch & Forbes LLC | $35.7M | 363,475 | 0.43% | 31q | HELD |
| LAZARD ASSET MANAGEMENT LLC | $35.1M | 357,343 | 0.05% | 2q | -23.2%-$10.6M |
| BAILLIE GIFFORD & CO | $34.3M | 348,859 | 0.03% | 7q | +7.8%+$2.5M |
| FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ | $33.8M | 343,991 | 0.17% | 31q | HELD |
| RWC Asset Management LLP | $32.4M | 329,670 | 1.23% | 23q | +1.9%+$615.0K |
| Russell Investments Group, Ltd. | $32.2M | 326,344 | 0.03% | 31q | +13.9%+$3.9M |
| Creative Planning | $31.6M | 321,743 | 0.02% | 31q | +44.3%+$9.7M |
| ALPS ADVISORS INC | $31.4M | 319,275 | 0.15% | 31q | -5.9%-$2.0M |
Showing the largest 100 of 1,552 reported holders. The count of 1,551 above leaves out 1 position whose reported value failed our price check; it is listed here as filed.
Q2 2026 in brief
In Q2 2026, 1,551 managers that file Form 13F reported holding Paychex Inc (PAYX), $29.6B in all, or about 83% of the shares outstanding. 157 managers opened a position and 133 sold out completely, against 1,527 holders the quarter before. Largest holders: Capital International Investors, Blackrock, Inc. and Vanguard Capital Management Llc. Largest new positions: Semper Augustus Investments Group Llc ($20.8M), Corda Investment Management, Llc. ($17.4M) and Freestone Grove Partners Lp ($13.8M).
Q2 2026 is the latest quarter whose 13F deadline has passed. A 13F shows long US stock positions at quarter end, filed up to 45 days later; an adviser and a sub-adviser can both report the same shares.
What the insiders did
Open market purchases and sales reported on Form 4 in the last 180 days. Grants, option exercises and shares surrendered to cover tax are left out: they are compensation rather than a decision to buy or sell. Where a broker filled one order in tranches the lines are summed, because it was one decision.
Officers and directors
| Date | Insider | Role | Side | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-14 | MUCCI MARTIN | Director, Other | Sold | 25,000 | $2.7M |
| 2026-10-14 | VELLI JOSEPH M | Director | Sold | 7,839 | $844.1K |
| 2026-06-26 | TUCCI JOSEPH M | Director | Sold | 3,907 | $383.9K |
| 2026-07-17 | Simmons Christopher C | VP, Controller & Treasurer | Sold | 2,615 | $303.1K |
| 2026-07-20 | Schrader Robert L. | Sr. VP, CFO | Sold | 2,600 | $299.2K |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 603 | $1.9B | 19,577,703 | 53 | 179 | 196 | 0.0% |
| Q2 2026 | 1,551 | $29.6B | 296,692,414 | 146 | 586 | 527 | 1.3% |
| Q1 2026 | 1,527 | $27.6B | 295,732,389 | 125 | 590 | 502 | 1.2% |
| Q4 2025 | 1,609 | $33.7B | 296,976,348 | 98 | 511 | 602 | 1.0% |
| Q3 2025 | 1,632 | $35.6B | 276,278,243 | 108 | 456 | 612 | 1.7% |
| Q2 2025 | 1,697 | $41.6B | 281,823,143 | 95 | 520 | 559 | 1.6% |
| Q1 2025 | 1,729 | $43.9B | 281,026,057 | 145 | 509 | 585 | 1.3% |
| Q4 2024 | 1,664 | $40.1B | 281,252,643 | 89 | 502 | 510 | 1.7% |
| Q3 2024 | 1,565 | $38.4B | 280,203,868 | 128 | 484 | 510 | 2.0% |
| Q2 2024 | 1,531 | $33.1B | 275,817,632 | 101 | 492 | 524 | 1.3% |
| Q1 2024 | 1,547 | $34.9B | 280,628,993 | 94 | 468 | 554 | 1.2% |
| Q4 2023 | 1,532 | $32.6B | 270,014,592 | 78 | 450 | 538 | 1.3% |
| Q3 2023 | 1,461 | $30.9B | 264,557,827 | 105 | 468 | 465 | 1.3% |
| Q2 2023 | 1,427 | $29.6B | 261,652,058 | 88 | 459 | 484 | 1.0% |
| Q1 2023 | 1,444 | $31.0B | 268,147,106 | 93 | 447 | 510 | 1.1% |
| Q4 2022 | 1,459 | $30.6B | 260,491,656 | 79 | 423 | 506 | 1.8% |
| Q3 2022 | 1,410 | $106.2B | 1,237,117,650 | 84 | 444 | 451 | 0.6% |
| Q2 2022 | 1,403 | $105.9B | 1,124,490,647 | 86 | 425 | 504 | 0.5% |
| Q1 2022 | 1,436 | $121.9B | 1,206,483,149 | 93 | 434 | 496 | 0.4% |
| Q4 2021 | 1,437 | $132.0B | 971,144,431 | 153 | 380 | 460 | 0.5% |
| Q3 2021 | 1,274 | $99.9B | 887,674,844 | 91 | 381 | 450 | 0.3% |
| Q2 2021 | 1,235 | $77.8B | 722,344,325 | 90 | 405 | 376 | 0.4% |
| Q1 2021 | 1,219 | $89.2B | 907,716,591 | 80 | 396 | 421 | 0.3% |
| Q4 2020 | 1,211 | $76.0B | 885,314,175 | 103 | 390 | 387 | 0.5% |
| Q3 2020 | 1,108 | $52.9B | 983,216,578 | 64 | 354 | 382 | 0.5% |
| Q2 2020 | 1,101 | $48.7B | 909,853,015 | 129 | 322 | 425 | 0.5% |
| Q1 2020 | 1,076 | $47.7B | 1,004,523,653 | 65 | 353 | 436 | 0.4% |
| Q4 2019 | 1,183 | $58.3B | 881,878,469 | 71 | 395 | 328 | 0.6% |
| Q3 2019 | 1,106 | $52.8B | 634,626,220 | 69 | 369 | 346 | 0.5% |
| Q2 2019 | 1,110 | $43.7B | 526,180,776 | 87 | 321 | 414 | 0.9% |
| Q1 2019 | 1,093 | $64.9B | 805,298,875 | 117 | 355 | 349 | 0.5% |
| Q4 2018 | 1,038 | $69.7B | 1,067,711,476 | 10 | 18 | 20 | 0.2% |