Free · no sign-up · Q2 2026

Which funds own PAYX

Paychex Inc in the Q2 2026 filings. At least 5 of the 91 current managers on file reported a position, worth $1.6bn between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.

Managers holding: 5; at least, of 91 current
Combined value: $1.6bn; as reported
Opened: 0; new this quarter
Added to: 3; already held
Trimmed or sold out: 5; 4 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Managers reporting a position

Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.

Manager	Value	Weight	Shares	Change on the quarter	Action
Invesco Ltd Long-only · $1264bn book	$1.3bn	0.1%	13,040,655	+$105m+255,853	Added
Millennium Management LLC Multi-strategy · $276bn book	$229m	0.1%	2,329,624	+$125m+1,194,645	Added
Woodline Partners LP Long/short equity · $32.4bn book	$50m	0.2%	504,835	+$2.1m-11,752	Trimmed
Baillie Gifford & Co Long-only · $110bn book	$34m	0.0%	348,859	+$4.5m+25,217	Added
Markel Group Inc Activist · $13.1bn book	$15m	0.1%	150,000	+$900k0	Held

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

Capital Research Global Investors · Long-only$193m held before
Voloridge Investment Management LLC · Quantitative$91m held before
Capital World Investors · Long-only$41m held before
Caxton Associates LLP · Macro$1.8m held before

Ownership through time

At least 10 of the 95 managers whose filings are on file listed PAYX in Q2 2026, against 6 in Q2 2013. 4 managers fewer than in Q1 2026: 1 started a position; 2 listed it again; 2 sold out, by their own filings; 5 no longer listed it among the positions read, which can mean a holding below the listed range, a filing that reported no holdings, or a filing not yet made.

Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.

Managers on file listing it

Their combined reported value

Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.

Started in Q2 2026

Freestone Grove Partners LP$14m

Largest increases, by shares

Millennium Management LLC1,134,979 to 2,329,624 shares+$117m
Invesco Ltd12,784,802 to 13,040,655 shares+$25m
Freestone Grove Partners LPnew: 140,420 shares+$14m
Baillie Gifford & Co323,642 to 348,859 shares+$2.5m

Largest decreases, by shares

Artisan Partners LP299,664 to 198,585 shares-$9.9m
Quantbot Technologies LP31,069 to 15,329 shares-$1.5m
Woodline Partners LP516,587 to 504,835 shares-$1.2m

Left it

Capital Research Global Investorswas $193m
Voloridge Investment Management LLCwas $91m

Manager	First listed	Largest	Q2 2026
Invesco Ltd	Q2 2013	$1.4bn	$1.3bn
Millennium Management LLC	Q4 2013	$229m	$229m
AQR Capital Management LLC	Q4 2017	$201m	$201m
Marshall Wace LLP	Q1 2014	$166m	$95m
Woodline Partners LP	Q2 2024	$50m	$50m
Baillie Gifford & Co	Q4 2020	$46m	$34m
Artisan Partners LP	Q1 2026	$28m	$20m
Markel Group Inc	Q2 2013	$23m	$15m
Freestone Grove Partners LP	Q2 2025	$19m	$14m
Quantbot Technologies LP	Q2 2014	$13m	$1.5m
Fidelity (FMR LLC)	Q2 2013	$1.2bn	last listed Q4 2023
Capital World Investors	Q2 2013	$740m	last listed Q1 2026
AllianceBernstein LP	Q2 2018	$313m	last listed Q1 2026
Arrowstreet Capital LP	Q2 2017	$279m	last listed Q4 2022
T. Rowe Price Associates Inc	Q1 2022	$252m	last listed Q3 2023
Capital Research Global Investors	Q2 2013	$234m	last listed Q1 2026
Neuberger Berman Group LLC	Q4 2016	$188m	last listed Q1 2026
Voloridge Investment Management LLC	Q3 2015	$152m	last listed Q1 2026
D. E. Shaw & Co.	Q1 2020	$147m	last listed Q3 2023
Renaissance Technologies LLC	Q3 2016	$123m	last listed Q1 2026

What PAYX is worth

Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.

Build the comp set around PAYX →

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.

What to do with a name the funds are buying

Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.

Comps ExplorerValue it against the peers it trades beside Every managerRead any of these books in full Deal tapeWhat buyers paid for whole companies, not slices Hedge fund interviewsHow the room runs, and the stock pitch it wants

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