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
- 14
- Reported value
- $1.6bn
- Buyers
- 11
- Sellers
- 2
Breadth +9 among 95 comparable managers.
Moodys Corp
- Holders
- 30
- Reported value
- $26.8bn
- Buyers
- 14
- Sellers
- 13
Breadth +1 among 95 comparable managers.
Who holds both, Q2 2025
Both (9)
Baillie Gifford & Co, Caxton Associates LLP, Freestone Grove Partners LP, Invesco Ltd, Markel Group Inc, Marshall Wace LLP, Moore Capital Management LP, Neuberger Berman Group LLC, Woodline Partners LP
Only PAYX (5)
Balyasny Asset Management LLC, Capital Research Global Investors, Capital World Investors, ExodusPoint Capital Management LP, Winton Group Ltd
Only MCO (21)
Acadian Asset Management LLC, Akre Capital Management LLC, AllianceBernstein LP, Arrowstreet Capital LP, Berkshire Hathaway Inc, Dodge & Cox, Eisler Capital Management Ltd, Fidelity (FMR LLC), GAMCO Investors Inc, Harris Associates LP, Holocene Advisors LP, Hudson Bay Capital Management LP, Janus Henderson Group Ltd, Man Group PLC, Maverick Capital Ltd, MFS Investment Management, Quantbot Technologies LP, Schonfeld Strategic Advisors LLC, T. Rowe Price Associates Inc, TCI Fund Management Ltd, Voloridge Investment Management LLC
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.