Holders over time
- PAYX
- MA
| Quarter | PAYX | MA |
|---|---|---|
| Q3 2020 | 11 holders, $605m | 45 holders, $56.1bn |
| Q4 2020 | 10 holders, $561m | 52 holders, $57.9bn |
| Q1 2021 | 7 holders, $515m | 50 holders, $56.4bn |
| Q2 2021 | 9 holders, $863m | 50 holders, $54.9bn |
| Q3 2021 | 18 holders, $1.2bn | 50 holders, $48.9bn |
| Q4 2021 | 17 holders, $1.4bn | 42 holders, $49.3bn |
| Q1 2022 | 15 holders, $1.4bn | 38 holders, $50.1bn |
| Q2 2022 | 18 holders, $1.4bn | 48 holders, $45.4bn |
| Q3 2022 | 25 holders, $1.4bn | 53 holders, $40.8bn |
| Q4 2022 | 20 holders, $1.4bn | 37 holders, $65.6bn |
| Q1 2023 | 21 holders, $1.9bn | 45 holders, $50.3bn |
| Q2 2023 | 23 holders, $1.9bn | 47 holders, $51.2bn |
| Q3 2023 | 19 holders, $1.6bn | 52 holders, $49.7bn |
| Q4 2023 | 17 holders, $1.6bn | 46 holders, $51.7bn |
| Q1 2024 | 15 holders, $1.1bn | 48 holders, $58.0bn |
| Q2 2024 | 10 holders, $1.2bn | 49 holders, $51.2bn |
| Q3 2024 | 9 holders, $1.3bn | 43 holders, $55.8bn |
| Q4 2024 | 9 holders, $1.4bn | 43 holders, $58.3bn |
| Q1 2025 | 10 holders, $1.5bn | 49 holders, $64.7bn |
| Q2 2025 | 14 holders, $1.6bn | 50 holders, $68.3bn |
| Q3 2025 | 19 holders, $1.5bn | 44 holders, $68.1bn |
| Q4 2025 | 12 holders, $2.1bn | 43 holders, $65.6bn |
| Q1 2026 | 14 holders, $2.0bn | 46 holders, $57.4bn |
| Q2 2026 | 10 holders, $1.9bn | 43 holders, $58.1bn |
Paychex Inc
- Holders
- 19
- Reported value
- $1.5bn
- Buyers
- 10
- Sellers
- 8
Breadth +2 among 95 comparable managers.
Mastercard Incorporated
- Holders
- 44
- Reported value
- $68.1bn
- Buyers
- 17
- Sellers
- 26
Breadth -9 among 95 comparable managers.
Who holds both, Q3 2025
Both (16)
AllianceBernstein LP, Baillie Gifford & Co, Capital Research Global Investors, Capital World Investors, Caxton Associates LLP, Element Capital Management LLC, Holocene Advisors LP, Invesco Ltd, Man Group PLC, Markel Group Inc, Marshall Wace LLP, Millennium Management LLC, Neuberger Berman Group LLC, Renaissance Technologies LLC, Voloridge Investment Management LLC, Woodline Partners LP
Only MA (28)
Acadian Asset Management LLC, Akre Capital Management LLC, AQR Capital Management LLC, Arrowstreet Capital LP, Artisan Partners LP, Berkshire Hathaway Inc, Brevan Howard Capital Management LP, Bridgewater Associates LP, D. E. Shaw & Co., Davidson Kempner Capital Management LP, Egerton Capital UK LLP, Farallon Capital Management LLC, Fidelity (FMR LLC), GAMCO Investors Inc, Harris Associates LP, Janus Henderson Group Ltd, MFS Investment Management, Moore Capital Management LP, Polen Capital Management LLC, Schonfeld Strategic Advisors LLC, Soroban Capital Partners LP, Squarepoint Ops LLC, T. Rowe Price Associates Inc, Two Sigma Advisers LP, Two Sigma Investments LP, and 3 more
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.