Paychex, Inc.
US ˙ NasdaqGS ˙ US7043261079

SecurityPAYX / Paychex, Inc.
InstitutionCovenant Asset Management, LLC
Latest Disclosed Ownership5,427 shares
Latest Disclosed Value $ 499,936
Covenant Asset Management, LLC reports 1.47% decrease in ownership of PAYX / Paychex, Inc.

On April 14, 2026 - Covenant Asset Management, LLC filed a 13F-HR form disclosing ownership of 5,427 shares of Paychex, Inc. (US:PAYX) valued at $499,935 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 30, 2026 disclosing 5,508 shares of Paychex, Inc.. This represents a change in shares of -1.47% during the quarter. The current value of the position is $545,576 USD.

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)
2026-04-14 2026-03-31 13F PAYCHEX COM 704326107 5,427 -81 -1.47 500 -19.12 0.0753
2026-01-30 2025-12-31 13F PAYCHEX COM 704326107 5,508 -465 -7.79 618 -18.49 0.0732
2025-10-30 2025-09-30 13F PAYCHEX COM 704326107 5,973 -873 -12.75 757 -23.92 0.0856
2025-07-17 2025-06-30 13F PAYCHEX COM 704326107 6,846 0 0.00 996 -5.78 0.1472
2025-05-05 2025-03-31 13F PAYCHEX COM 704326107 6,846 -335 -4.67 1,056 4.97 0.2326
2025-01-30 2024-12-31 13F PAYCHEX COM 704326107 7,181 0 0.00 1,007 4.47 0.1545
2024-11-12 2024-09-30 13F PAYCHEX COM 704326107 7,181 -859 -10.68 964 1.05 0.1515
2024-08-02 2024-06-30 13F PAYCHEX COM 704326107 8,040 -550 -6.40 953 -9.58 0.1516
2024-04-23 2024-03-31 13F PAYCHEX COM 704326107 8,590 -405 -4.50 1,055 -1.59 0.1730
2024-01-22 2023-12-31 13F PAYCHEX COM 704326107 8,995 447 5.23 1,071 8.73 0.1925
2023-10-31 2023-09-30 13F PAYCHEX COM 704326107 8,548 -250 -2.84 986 0.10 0.2599
2023-07-12 2023-06-30 13F PAYCHEX COM 704326107 8,798 0 0.00 984 -2.38 0.2497
2023-04-27 2023-03-31 13F PAYCHEX COM 704326107 8,798 -424 -4.60 1,008 -5.35 0.2399
2023-01-24 2022-12-31 13F PAYCHEX COM 704326107 9,222 0 0.00 1,066 2.90 0.2544
2022-11-03 2022-09-30 13F PAYCHEX COM 704326107 9,222 0 0.00 1,035 -1.43 0.2951
2022-07-21 2022-06-30 13F PAYCHEX COM 704326107 9,222 -50 -0.54 1,050 -17.00 0.3335
2022-04-29 2022-03-31 13F PAYCHEX COM 704326107 9,272 0 0.00 1,265 -0.08 0.3417
2022-01-26 2021-12-31 13F PAYCHEX COM 704326107 9,272 -250 -2.63 1,266 18.21 0.3364
2021-10-27 2021-09-30 13F/A-1 PAYCHEX COM 704326107 9,522 -135 -1.40 1,071 3.38 0.3180
2021-10-15 2021-09-30 13F PAYCHEX COM 704326107 9,522 -135 1,071 0.3192
2021-07-21 2021-06-30 13F PAYCHEX COM 704326107 9,657 0 0.00 1,036 9.40 0.3083
2021-04-19 2021-03-31 13F PAYCHEX COM 704326107 9,657 -740 -7.12 947 -2.27 0.2952
2021-01-28 2020-12-31 13F PAYCHEX COM 704326107 10,397 -290 -2.71 969 13.60 0.3193
2020-10-29 2020-09-30 13F PAYCHEX COM 704326107 10,687 -1,335 -11.10 853 -6.37 0.2733
2020-07-24 2020-06-30 13F PAYCHEX COM 704326107 12,022 -1,223 -9.23 911 9.36 0.2016
2020-04-22 2020-03-31 13F PAYCHEX COM 704326107 13,245 1,775 15.48 833 -14.65 0.2513
2020-01-24 2019-12-31 13F PAYCHEX COM 704326107 11,470 1,390 13.79 976 17.03 0.4272
2019-10-18 2019-09-30 13F PAYCHEX COM 704326107 10,080 225 2.28 834 2.84 0.4187
2019-07-17 2019-06-30 13F PAYCHEX COM 704326107 9,855 0 0.00 811 2.66 0.4206
2019-04-26 2019-03-31 13F PAYCHEX COM 704326107 9,855 -770 -7.25 790 0.89 0.4151
2019-01-08 2018-12-31 13F PAYCHEX COM 704326107 10,625 0 0.00 783 0.00 0.3945
2018-10-09 2018-09-30 13F PAYCHEX COM 704326107 10,625 10,625 783 0.3945
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.