L3VLUP
Quarter end
30 Sep 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 31 Oct 2025
Managers listing it
19
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q2 2025 and Q3 2025; 10 listed it in both
Shares listed
12,073,319
combined, among listed positions
Reported value
$1.5bn
combined, at the quarter end

Among the 95 comparable managers: 10 buyers (opened or added shares) and 8 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing PAYX in Q3 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q2 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

19 of 19 holders

ActionFiling
Invesco Ltd4,291,672$544m0.09%Trimmed-93,17413 Nov 2025 (the filing on sec.gov)
Capital Research Global Investors1,519,430$193munder 0.1%Trimmed-913 Nov 2025 (the filing on sec.gov)
Neuberger Berman Group LLC1,142,296$145m0.11%Trimmed-121,98627 Oct 2026 (the filing on sec.gov)
Millennium Management LLC966,656$123m0.05%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Voloridge Investment Management LLC929,385$118m0.40%Newnew14 Nov 2025 (the filing on sec.gov)
AllianceBernstein LP678,423$86munder 0.1%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Capital World Investors440,000$56munder 0.1%Trimmed-1,050,01413 Nov 2025 (the filing on sec.gov)
Man Group PLC369,394$47m0.08%Addedn.a.14 Nov 2025 (the filing on sec.gov)
Baillie Gifford & Co308,805$39munder 0.1%Trimmed-9,41831 Oct 2025 (the filing on sec.gov)
Renaissance Technologies LLC304,201$39m0.05%Newnew13 Nov 2025 (the filing on sec.gov)
Tudor Investment Corp271,571$34m0.06%Addedn.a.9 Dec 2025 (the filing on sec.gov)
Marshall Wace LLP255,460$32munder 0.1%Trimmed-822,86813 Nov 2025 (the filing on sec.gov)
Woodline Partners LP184,979$23m0.11%Trimmed-124,19914 Nov 2025 (the filing on sec.gov)
Markel Group Inc150,000$19m0.15%Held031 Oct 2025 (the filing on sec.gov)
ExodusPoint Capital Management LP140,046$18m0.18%Trimmed-13,27414 Nov 2025 (the filing on sec.gov)
Quantbot Technologies LP58,769$7.5m0.20%Newnew12 Nov 2025 (the filing on sec.gov)
Holocene Advisors LP50,904$6.5munder 0.1%Newnew14 Nov 2025 (the filing on sec.gov)
Caxton Associates LLP7,438$943kunder 0.1%Added+53217 Nov 2025 (the filing on sec.gov)
Element Capital Management LLC3,890$493k0.70%Newnew14 Nov 2025 (the filing on sec.gov)

Largest increases and reductions, by shares

Q2 2025 to Q3 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 →