Holders over time
- PAYX
- MCO
| Quarter | PAYX | MCO |
|---|---|---|
| Q3 2020 | 11 holders, $605m | 30 holders, $17.0bn |
| Q4 2020 | 10 holders, $561m | 21 holders, $16.9bn |
| Q1 2021 | 7 holders, $515m | 17 holders, $16.9bn |
| Q2 2021 | 9 holders, $863m | 16 holders, $20.2bn |
| Q3 2021 | 18 holders, $1.2bn | 25 holders, $19.9bn |
| Q4 2021 | 17 holders, $1.4bn | 25 holders, $22.0bn |
| Q1 2022 | 15 holders, $1.4bn | 22 holders, $19.1bn |
| Q2 2022 | 18 holders, $1.4bn | 19 holders, $15.4bn |
| Q3 2022 | 25 holders, $1.4bn | 21 holders, $13.6bn |
| Q4 2022 | 20 holders, $1.4bn | 17 holders, $15.5bn |
| Q1 2023 | 21 holders, $1.9bn | 20 holders, $17.3bn |
| Q2 2023 | 23 holders, $1.9bn | 25 holders, $19.4bn |
| Q3 2023 | 19 holders, $1.6bn | 21 holders, $17.2bn |
| Q4 2023 | 17 holders, $1.6bn | 21 holders, $22.3bn |
| Q1 2024 | 15 holders, $1.1bn | 22 holders, $21.9bn |
| Q2 2024 | 10 holders, $1.2bn | 24 holders, $23.6bn |
| Q3 2024 | 9 holders, $1.3bn | 31 holders, $26.8bn |
| Q4 2024 | 9 holders, $1.4bn | 31 holders, $25.7bn |
| Q1 2025 | 10 holders, $1.5bn | 30 holders, $25.2bn |
| Q2 2025 | 14 holders, $1.6bn | 30 holders, $26.8bn |
| Q3 2025 | 19 holders, $1.5bn | 31 holders, $26.0bn |
| Q4 2025 | 12 holders, $2.1bn | 32 holders, $27.7bn |
| Q1 2026 | 14 holders, $2.0bn | 28 holders, $23.9bn |
| Q2 2026 | 10 holders, $1.9bn | 31 holders, $24.9bn |
Paychex Inc
- Holders
- 15
- Reported value
- $1.1bn
- Buyers
- 7
- Sellers
- 6
Breadth +1 among 93 comparable managers.
Moodys Corp
- Holders
- 22
- Reported value
- $21.9bn
- Buyers
- 10
- Sellers
- 11
Breadth -1 among 93 comparable managers.
Who holds both, Q1 2024
Both (7)
Acadian Asset Management LLC, Holocene Advisors LP, Invesco Ltd, Markel Group Inc, Maverick Capital Ltd, Neuberger Berman Group LLC, Two Sigma Advisers LP
Only PAYX (8)
AllianceBernstein LP, Capital World Investors, Caxton Associates LLP, Man Group PLC, Schonfeld Strategic Advisors LLC, Squarepoint Ops LLC, Tudor Investment Corp, Winton Group Ltd
Only MCO (15)
Akre Capital Management LLC, Baillie Gifford & Co, Balyasny Asset Management LLC, Berkshire Hathaway Inc, Brevan Howard Capital Management LP, Bridgewater Associates LP, Dodge & Cox, Fidelity (FMR LLC), Harris Associates LP, Marshall Wace LLP, MFS Investment Management, Moore Capital Management LP, T. Rowe Price Associates Inc, TCI Fund Management Ltd, Two Sigma Investments LP
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. Buyers and sellers count comparable managers (those that filed both quarters) by shares, so a rise in value with no rise in shares is the price. Large books are listed to their largest positions. These are 95 tracked managers, not the institutional market.