Paychex, Inc.
US ˙ NasdaqGS ˙ US7043261079

SecurityPAYX / Paychex, Inc.
InstitutionCwm, Llc
Latest Disclosed Ownership57,418 shares
Latest Disclosed Value $ 5,289,389
Cwm, Llc reports 201.30% increase in ownership of PAYX / Paychex, Inc.

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 57,418 shares of Paychex, Inc. (US:PAYX) valued at $5,289,346 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 19,057 shares of Paychex, Inc.. This represents a change in shares of 201.30% during the quarter. The current value of the position is $5,652,802 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)
2026-05-14 2026-03-31 13F PAYCHEX COM 704326107 57,418 38,361 201.30 5,289 264,350.00 0.0139
2026-01-26 2025-12-31 13F PAYCHEX COM 704326107 19,057 -888 -4.45 2 0.00 0.0058
2025-10-15 2025-09-30 13F PAYCHEX COM 704326107 19,945 157 0.79 3 0.00 0.0076
2025-07-25 2025-06-30 13F PAYCHEX COM 704326107 19,788 1,322 7.16 3 0.00 0.0101
2025-05-01 2025-03-31 13F PAYCHEX COM 704326107 18,466 -1,156 -5.89 3 0.00 0.0114
2025-02-04 2024-12-31 13F PAYCHEX COM 704326107 19,622 624 3.28 3 0.00 0.0114
2024-10-08 2024-09-30 13F PAYCHEX COM 704326107 18,998 2,321 13.92 3 100.00 0.0110
2024-07-10 2024-06-30 13F PAYCHEX COM 704326107 16,677 1,069 6.85 2 0.00 0.0093
2024-04-05 2024-03-31 13F PAYCHEX COM 704326107 15,608 -2,621 -14.38 2 -50.00 0.0093
2024-02-01 2023-12-31 13F PAYCHEX COM 704326107 18,229 70 0.39 2 0.00 0.0117
2023-10-11 2023-09-30 13F PAYCHEX COM 704326107 18,159 4,135 29.49 2 100.00 0.0128
2023-08-03 2023-06-30 13F PAYCHEX COM 704326107 14,024 677 5.07 2 0.00 0.0097
2023-05-01 2023-03-31 13F PAYCHEX COM 704326107 13,347 -82 -0.61 2 0.00 0.0103
2023-02-01 2022-12-31 13F PAYCHEX COM 704326107 13,429 -1,974 -12.82 2 -99.94 0.0114
2022-10-27 2022-09-30 13F PAYCHEX COM 704326107 15,403 1,725 12.61 1,728 10.98 0.0137
2022-07-28 2022-06-30 13F PAYCHEX COM 704326107 13,678 2,209 19.26 1,557 -0.51 0.0121
2022-04-21 2022-03-31 13F PAYCHEX COM 704326107 11,469 903 8.55 1,565 8.53 0.0111
2022-01-31 2021-12-31 13F PAYCHEX COM 704326107 10,566 619 6.22 1,442 35.15 0.0102
2021-09-15 2021-06-30 13F/A-1 PAYCHEX COM 704326107 9,947 0 0.00 1,067 0.00 0.0085
2021-07-29 2021-06-30 13F PAYCHEX COM 704326107 9,947 0 1,067 0.0085
2021-09-15 2021-03-31 13F/A-1 PAYCHEX COM 704326107 9,947 0 0.00 1,067 0.00 0.0085
2021-04-27 2021-03-31 13F PAYCHEX COM 704326107 9,284 -663 910 0.0080
2021-09-15 2020-12-31 13F/A-1 PAYCHEX COM 704326107 9,947 0 0.00 1,067 0.00 0.0085
2021-01-27 2020-12-31 13F PAYCHEX COM 704326107 9,993 46 931 0.0087
2021-09-15 2020-09-30 13F/A-1 PAYCHEX COM 704326107 9,947 0 0.00 1,067 0.00 0.0085
2020-10-19 2020-09-30 13F PAYCHEX COM 704326107 9,711 -236 775 0.0086
2021-09-15 2020-06-30 13F/A-1 PAYCHEX COM 704326107 9,947 0 0.00 1,067 0.00 0.0085
2020-07-22 2020-06-30 13F PAYCHEX COM 704326107 8,201 -1,746 621 0.0074
2021-09-15 2020-03-31 13F/A-1 PAYCHEX COM 704326107 9,947 0 0.00 1,067 0.00 0.0085
2020-04-28 2020-03-31 13F PAYCHEX COM 704326107 6,653 -3,294 419 0.0062
2021-09-14 2019-12-31 13F/A-1 PAYCHEX COM 704326107 9,947 0 0.00 1,067 0.00 0.0085
2020-01-27 2019-12-31 13F PAYCHEX COM 704326107 1,510 -8,437 128 0.0016
2021-09-14 2019-09-30 13F/A-1 PAYCHEX COM 704326107 9,947 0 0.00 1,067 0.00 0.0085
2019-10-22 2019-09-30 13F PAYCHEX COM 704326107 1,639 -8,308 136 0.0020
2021-09-14 2019-06-30 13F/A-1 PAYCHEX COM 704326107 9,947 0 0.00 1,067 0.00 0.0085
2019-07-31 2019-06-30 13F PAYCHEX COM 704326107 2,778 -7,169 229 0.0038
2021-09-02 2019-03-31 13F/A-1 PAYCHEX COM 704326107 9,947 8,571 622.89 1,067 1,085.56 0.0085
2019-04-22 2019-03-31 13F PAYCHEX COM 704326107 1,871 495 150 0.0030
2019-01-25 2018-12-31 13F PAYCHEX COM 704326107 1,376 173 14.38 90 1.12 0.0022
2018-10-29 2018-09-30 13F PAYCHEX COM 704326107 1,203 747 163.82 89 187.10 0.0023
2018-07-31 2018-06-30 13F PAYCHEX COM 704326107 456 256 128.00 31 158.33 0.0010
2018-04-26 2018-03-31 13F PAYCHEX COM 704326107 200 15 8.11 12 -7.69 0.0005
2018-01-16 2017-12-31 13F PAYCHEX COM 704326107 185 44 31.21 13 62.50 0.0006
2017-10-16 2017-09-30 13F PAYCHEX COM 704326107 141 102 261.54 8 300.00 0.0004
2017-07-17 2017-06-30 13F PAYCHEX COM 704326107 39 39 2 0.0001
2017-01-19 2016-12-31 13F PAYCHEX COM 704326107 0 -89 -100.00 0 -100.00
2016-10-17 2016-09-30 13F PAYCHEX COM 704326107 89 0 0.00 5 0.00 0.0003
2016-07-21 2016-06-30 13F PAYCHEX COM 704326107 89 0 0.00 5 0.00 0.0004
2016-04-18 2016-03-31 13F PAYCHEX COM 704326107 89 0 0.00 5 0.00 0.0004
2016-02-01 2015-12-31 13F PAYCHEX COM 704326107 89 0 0.00 5 25.00 0.0005
2015-10-30 2015-09-30 13F PAYCHEX COM 704326107 89 -120 -57.42 4 -60.00 0.0004
2014-02-14 2013-12-31 13F PAYCHEX COM 704326107 209 -12,535 -98.36 10 -98.07 0.0016
2013-11-14 2013-09-30 13F PAYCHEX COM 704326107 12,744 12,744 518 0.1359
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.