L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 23 Jan 2026
Managers listing it
30
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 15 listed it in both
Shares listed
21,777,711
combined, among listed positions
Reported value
$2.4bn
combined, at the quarter end

Among the 92 comparable managers: 14 buyers (opened or added shares) and 21 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +6,956,026.

Managers listing PAYX in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

30 of 30 holders

ActionFiling
Invesco Ltd12,045,968$1.4bn0.13%Added+7,754,29619 Feb 2026 (the filing on sec.gov)
Capital Research Global Investors1,917,806$215munder 0.1%Added+398,37611 Feb 2026 (the filing on sec.gov)
Voloridge Investment Management LLC1,351,211$152m0.53%Added+421,82617 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC1,094,201$123m0.19%Added+790,00012 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC909,400$102m0.08%Trimmed-232,89627 Oct 2026 (the filing on sec.gov)
Fidelity (FMR LLC)669,672$75munder 0.1%Added+9,72817 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc644,089$72munder 0.1%Added+2,83317 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP466,405$52munder 0.1%Trimmed-212,01817 Feb 2026 (the filing on sec.gov)
Capital World Investors440,000$49munder 0.1%Held011 Feb 2026 (the filing on sec.gov)
Baillie Gifford & Co304,062$34munder 0.1%Trimmed-4,74323 Jan 2026 (the filing on sec.gov)
Two Sigma Investments LP297,773$33munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP244,200$27m0.05%Newnew17 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC241,483$27munder 0.1%Added+108,19817 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC213,292$24munder 0.1%Added+73,09713 Feb 2026 (the filing on sec.gov)
Markel Group Inc150,000$17m0.13%Held06 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP132,160$15munder 0.1%Trimmed-111,25817 Feb 2026 (the filing on sec.gov)
Millennium Management LLC116,532$13munder 0.1%Trimmed-850,12417 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC112,264$13munder 0.1%Added+14,88317 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP107,245$12munder 0.1%Trimmed-148,21513 Feb 2026 (the filing on sec.gov)
Wellington Management Group LLP81,310$9.1munder 0.1%Added+34,86717 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC66,054$7.4munder 0.1%Trimmed-6,59713 Feb 2026 (the filing on sec.gov)
Woodline Partners LP55,264$6.2munder 0.1%Trimmed-129,71517 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd43,021$4.8munder 0.1%Added+3,14517 Feb 2026 (the filing on sec.gov)
Quantbot Technologies LP29,465$3.3m0.11%Trimmed-29,30410 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC15,210$1.7munder 0.1%Added+7,08013 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
9 in Q3 2024 to 10 in Q2 2026

Tracked managers listing it, at least.

01020302014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
PAYX by quarter
QuarterHoldersReported valueBuyersSellers
Q2 20136$1.8bnn.a.n.a.
Q3 20137$2.0bnn.a.n.a.
Q4 20139$2.1bnn.a.n.a.
Q1 201412$1.6bnn.a.n.a.
Q2 201412$1.4bnn.a.n.a.
Q3 20148$1.5bnn.a.n.a.
Q4 201412$1.3bnn.a.n.a.
Q1 20158$1.4bnn.a.n.a.
Q2 201513$1.2bnn.a.n.a.
Q3 201512$1.3bnn.a.n.a.
Q4 20159$1.2bnn.a.n.a.
Q1 201611$1.3bnn.a.n.a.
Q2 201611$1.4bnn.a.n.a.
Q3 201612$1.1bnn.a.n.a.
Q4 201612$1.5bnn.a.n.a.
Q1 201712$1.3bnn.a.n.a.
Q2 201715$1.4bnn.a.n.a.
Q3 201713$1.6bnn.a.n.a.
Q4 201712$1.4bnn.a.n.a.
Q1 201815$1.2bnn.a.n.a.
Q2 201816$1.7bnn.a.n.a.
Q3 201815$1.9bnn.a.n.a.
Q4 201817$1.7bnn.a.n.a.
Q1 201911$1.8bnn.a.n.a.
Q2 201917$1.4bnn.a.n.a.
Q3 201915$1.5bnn.a.n.a.
Q4 201912$881mn.a.n.a.
Q1 202017$624mn.a.n.a.
Q2 202015$682mn.a.n.a.
Q3 202011$605mn.a.n.a.
Q4 202010$561mn.a.n.a.
Q1 20217$515mn.a.n.a.
Q2 20219$863mn.a.n.a.
Q3 202118$1.2bnn.a.n.a.
Q4 202117$1.4bnn.a.n.a.
Q1 202215$1.4bnn.a.n.a.
Q2 202218$1.4bnn.a.n.a.
Q3 202225$1.4bnn.a.n.a.
Q4 202220$1.4bnn.a.n.a.
Q1 202321$1.9bnn.a.n.a.
Q2 202323$1.9bnn.a.n.a.
Q3 202319$1.6bnn.a.n.a.
Q4 202317$1.6bn88
Q1 202415$1.1bn76
Q2 202410$1.2bn47
Q3 20249$1.3bn33
Q4 20249$1.4bn61
Q1 202510$1.5bn53
Q2 202514$1.6bn112
Q3 202519$1.5bn108
Q4 202512$2.1bn1421
Q1 202614$2.0bn209
Q2 202610$1.9bn1716

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

PAYX and V →PAYX and MA →PAYX and MCO →Choose a stock to compare with PAYX →

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. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own PAYX, latest filings →Back to the 13F Explorer →