Paycom Software, Inc.
MX ˙ BMV ˙ US70432V1026
SecurityMX:PAYC / Paycom Software, Inc.
InstitutionFundsmith LLP
ManagerTerry Smith
Latest Disclosed Ownership219,457 shares
Latest Disclosed Value $ 26,672,804
Fundsmith LLP reports 58.07% decrease in ownership of PAYC / Paycom Software, Inc.

On May 15, 2026 - Fundsmith LLP filed a 13F-HR form disclosing ownership of 219,457 shares of Paycom Software, Inc. (MX:PAYC) valued at $26,672,804 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 523,433 shares of Paycom Software, Inc.. This represents a change in shares of -58.07% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F PAYCOM SOFTWARE COM 70432V102 219,457 -303,976 -58.07 26,673 -68.02 0.2079
2026-02-17 2025-12-31 13F PAYCOM SOFTWARE COM 70432V102 523,433 0 0.00 83,414 -23.44 0.4873
2025-11-14 2025-09-30 13F PAYCOM SOFTWARE COM 70432V102 523,433 109,923 26.58 108,947 13.86 0.5504
2025-08-14 2025-06-30 13F PAYCOM SOFTWARE COM 70432V102 413,510 0 0.00 95,686 5.91 0.4157
2025-05-15 2025-03-31 13F PAYCOM SOFTWARE COM 70432V102 413,510 90,899 28.18 90,344 36.62 0.4111
2025-02-14 2024-12-31 13F PAYCOM SOFTWARE COM 70432V102 322,611 0 0.00 66,126 23.05 0.2819
2024-11-14 2024-09-30 13F PAYCOM SOFTWARE COM 70432V102 322,611 0 0.00 53,737 16.45 0.2126
2024-08-14 2024-06-30 13F PAYCOM SOFTWARE COM 70432V102 322,611 -2,660 -0.82 46,146 -28.71 0.1880
2024-05-15 2024-03-31 13F PAYCOM SOFTWARE COM 70432V102 325,271 167,427 106.07 64,732 98.39 0.2534
2024-02-14 2023-12-31 13F PAYCOM SOFTWARE COM 70432V102 157,844 -2,060 -1.29 32,630 -21.30 0.1366
2023-11-14 2023-09-30 13F PAYCOM SOFTWARE COM 70432V102 159,904 -1,103 -0.69 41,458 -19.84 0.1884
2023-08-14 2023-06-30 13F PAYCOM SOFTWARE COM 70432V102 161,007 0 0.00 51,722 5.67 0.2170
2023-05-15 2023-03-31 13F PAYCOM SOFTWARE COM 70432V102 161,007 0 0.00 48,948 -2.03 0.2112
2023-02-14 2022-12-31 13F PAYCOM SOFTWARE COM 70432V102 161,007 -301 -0.19 49,962 -6.14 0.2282
2022-11-14 2022-09-30 13F PAYCOM SOFTWARE COM 70432V102 161,308 -94,414 -36.92 53,230 -25.69 0.2527
2022-08-15 2022-06-30 13F PAYCOM SOFTWARE COM 70432V102 255,722 -2,341 -0.91 71,633 -19.86 0.3161
2022-05-16 2022-03-31 13F PAYCOM SOFTWARE COM 70432V102 258,063 39,689 18.17 89,388 -1.41 0.3070
2022-02-14 2021-12-31 13F PAYCOM SOFTWARE COM 70432V102 218,374 468 0.21 90,667 -16.07 0.2212
2021-11-12 2021-09-30 13F PAYCOM SOFTWARE COM 70432V102 217,906 784 0.36 108,027 36.89 0.2987
2021-08-13 2021-06-30 13F PAYCOM SOFTWARE COM 70432V102 217,122 1,190 0.55 78,917 -1.24 0.2187
2021-05-14 2021-03-31 13F PAYCOM SOFTWARE COM 70432V102 215,932 906 0.42 79,908 -17.83 0.2541
2021-02-12 2020-12-31 13F PAYCOM SOFTWARE COM 70432V102 215,026 232 0.11 97,246 45.44 0.3223
2020-11-12 2020-09-30 13F PAYCOM SOFTWARE COM 70432V102 214,794 18,868 9.63 66,865 10.19 0.2612
2020-08-12 2020-06-30 13F PAYCOM SOFTWARE COM 70432V102 195,926 21,320 12.21 60,684 72.05 0.2648
2020-05-14 2020-03-31 13F PAYCOM SOFTWARE COM 70432V102 174,606 3,678 2.15 35,272 -22.06 0.1985
2020-02-13 2019-12-31 13F PAYCOM SOFTWARE COM 70432V102 170,928 0 0.00 45,255 26.38 0.2138
2019-11-12 2019-09-30 13F PAYCOM SOFTWARE COM 70432V102 170,928 0 0.00 35,808 -7.60 0.1830
2019-08-09 2019-06-30 13F PAYCOM SOFTWARE COM 70432V102 170,928 0 0.00 38,753 19.87 0.2019
2019-05-13 2019-03-31 13F PAYCOM SOFTWARE COM 70432V102 170,928 0 0.00 32,328 54.46 0.1837
2019-02-14 2018-12-31 13F/A-1 PAYCOM SOFTWARE COM 70432V102 170,928 170,928 20,930 0.1329
2019-02-14 2018-12-31 13F PAYCOM SOFTWARE COM 70432V102 170,928 20,930 0.1340
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.