Paychex, Inc.
US ˙ NasdaqGS ˙ US7043261079

SecurityPAYX / Paychex, Inc.
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership10,270,528 shares
Latest Disclosed Value $ 951,361,698
Geode Capital Management, Llc reports 5.82% increase in ownership of PAYX / Paychex, Inc.

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 10,270,528 shares of Paychex, Inc. (US:PAYX) valued at $946,121,039 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 9,705,424 shares of Paychex, Inc.. This represents a change in shares of 5.82% during the quarter. The current value of the position is $1,032,496,180 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)
2026-05-15 2026-03-31 13F PAYCHEX COM 704326107 10,270,528 565,104 5.82 951,362 -13.03 0.0316
2026-02-09 2025-12-31 13F PAYCHEX COM 704326107 9,705,424 78,760 0.82 1,093,958 -10.67 0.0675
2025-11-12 2025-09-30 13F PAYCHEX COM 704326107 9,626,664 -557,207 -5.47 1,224,593 -17.32 0.0781
2025-08-08 2025-06-30 13F PAYCHEX COM 704326107 10,183,871 274,947 2.77 1,481,053 -3.19 0.1038
2025-05-13 2025-03-31 13F PAYCHEX COM 704326107 9,908,924 367,890 3.86 1,529,908 14.22 0.1203
2025-02-12 2024-12-31 13F PAYCHEX COM 704326107 9,541,034 126,962 1.35 1,339,463 6.08 0.1038
2024-11-12 2024-09-30 13F PAYCHEX COM 704326107 9,414,072 190,937 2.07 1,262,700 15.51 0.1022
2024-08-09 2024-06-30 13F PAYCHEX COM 704326107 9,223,135 212,218 2.36 1,093,136 -1.16 0.0959
2024-05-13 2024-03-31 13F PAYCHEX COM 704326107 9,010,917 325,886 3.75 1,105,942 7.02 0.1023
2024-02-13 2023-12-31 13F PAYCHEX COM 704326107 8,685,031 168,107 1.97 1,033,438 5.26 0.1081
2023-11-13 2023-09-30 13F PAYCHEX COM 704326107 8,516,924 206,281 2.48 981,751 5.76 0.1169
2023-08-11 2023-06-30 13F PAYCHEX COM 704326107 8,310,643 328,614 4.12 928,283 1.61 0.1091
2023-05-15 2023-03-31 13F PAYCHEX COM 704326107 7,982,029 62,739 0.79 913,599 99,856.02 0.1186
2023-02-13 2022-12-31 13F PAYCHEX COM 704326107 7,919,290 105,504 1.35 914 -99.90 0.1283
2022-11-14 2022-09-30 13F PAYCHEX COM 704326107 7,813,786 107,737 1.40 876,521 -0.02 0.1330
2022-08-12 2022-06-30 13F PAYCHEX COM 704326107 7,706,049 287,944 3.88 876,681 -13.27 0.1284
2022-05-13 2022-03-31 13F PAYCHEX COM 704326107 7,418,105 393,130 5.60 1,010,786 5.59 0.1262
2022-02-11 2021-12-31 13F PAYCHEX COM 704326107 7,024,975 161,041 2.35 957,240 24.24 0.1153
2021-11-12 2021-09-30 13F PAYCHEX COM 704326107 6,863,934 220,600 3.32 770,457 8.29 0.1037
2021-08-13 2021-06-30 13F PAYCHEX COM 704326107 6,643,334 181,319 2.81 711,478 12.54 0.0980
2021-05-12 2021-03-31 13F PAYCHEX COM 704326107 6,462,015 100,707 1.58 632,226 6.84 0.0967
2021-02-12 2020-12-31 13F PAYCHEX COM 704326107 6,361,308 34,492 0.55 591,771 17.38 0.0993
2020-11-13 2020-09-30 13F PAYCHEX COM 704326107 6,326,816 95,027 1.52 504,168 6.89 0.0988
2020-08-13 2020-06-30 13F PAYCHEX COM 704326107 6,231,789 -16,097 -0.26 471,648 20.07 0.1009
2020-05-14 2020-03-31 13F PAYCHEX COM 704326107 6,247,886 136,294 2.23 392,816 -24.37 0.1024
2020-02-20 2019-12-31 13F/A-1 PAYCHEX COM 704326107 6,111,592 110,383 1.84 519,388 4.60 0.1086
2020-02-13 2019-12-31 13F PAYCHEX COM 704326107 6,111,592 110,383 519,388 66,191.4466
2019-11-12 2019-09-30 13F PAYCHEX COM 704326107 6,001,209 211,428 3.65 496,569 4.27 0.1159
2019-08-14 2019-06-30 13F PAYCHEX COM 704326107 5,789,781 355,200 6.54 476,250 9.32 0.1152
2019-05-14 2019-03-31 13F PAYCHEX COM 704326107 5,434,581 222,179 4.26 435,630 28.42 0.1129
2019-03-06 2018-12-31 13F/A-1 PAYCHEX COM 704326107 5,212,402 270,888 5.48 339,236 -6.66 0.1049
2019-02-13 2018-12-31 13F PAYCHEX COM 704326107 5,212,402 270,888 339,236
2018-11-13 2018-09-30 13F PAYCHEX COM 704326107 4,941,514 304,132 6.56 363,429 14.85 0.1024
2018-08-14 2018-06-30 13F PAYCHEX COM 704326107 4,637,382 186,706 4.20 316,443 15.67 0.0973
2018-05-15 2018-03-31 13F PAYCHEX COM 704326107 4,450,676 315,796 7.64 273,567 -2.65 0.0891
2018-02-13 2017-12-31 13F PAYCHEX COM 704326107 4,134,880 129,431 3.23 281,020 17.20 0.0954
2017-11-14 2017-09-30 13F PAYCHEX COM 704326107 4,005,449 131,955 3.41 239,779 8.87 0.0885
2017-08-14 2017-06-30 13F PAYCHEX COM 704326107 3,873,494 67,824 1.78 220,236 -1.63 0.0866
2017-06-21 2017-03-31 13F/A-1 PAYCHEX INC COM COM 704326107 3,805,670 203,332 5.64 223,891 2.19 0.0918
2017-05-12 2017-03-31 13F PAYCHEX INC COM COM 704326107 3,805,670 223,891
2017-02-14 2016-12-31 13F PAYCHEX INC COM COM 704326107 3,602,338 77,131 2.19 219,097 7.53 0.1019
2016-11-10 2016-09-30 13F PAYCHEX INC COM COM 704326107 3,525,207 172,658 5.15 203,749 2.28 0.1026
2016-08-12 2016-06-30 13F PAYCHEX INC COM COM 704326107 3,352,549 63,350 1.93 199,204 12.31 0.1083
2016-05-13 2016-03-31 13F PAYCHEX INC COM COM 704326107 3,289,199 182,390 5.87 177,365 8.12 0.0941
2016-02-12 2015-12-31 13F PAYCHEX INC COM COM 704326107 3,106,809 84,102 2.78 164,037 14.13 0.0935
2015-11-13 2015-09-30 13F PAYCHEX INC COM COM 704326107 3,022,707 181,042 6.37 143,731 8.09 0.0872
2015-08-14 2015-06-30 13F PAYCHEX INC COM COM 704326107 2,841,665 223,037 8.52 132,977 2.51 0.0759
2015-05-14 2015-03-31 13F PAYCHEX INC COM COM 704326107 2,618,628 112,531 4.49 129,724 12.26 0.0741
2015-02-12 2014-12-31 13F PAYCHEX INC COM COM 704326107 2,506,097 75,953 3.13 115,560 7.72 0.0688
2014-11-14 2014-09-30 13F PAYCHEX INC COM COM 704326107 2,430,144 4,939 0.20 107,277 6.50 0.0695
2014-08-13 2014-06-30 13F PAYCHEX INC COM COM 704326107 2,425,205 -92,490 -3.67 100,731 -6.04 0.0651
2014-05-14 2014-03-31 13F PAYCHEX INC COM COM 704326107 2,517,695 135,142 5.67 107,209 -1.14 0.0719
2014-02-14 2013-12-31 13F PAYCHEX INC COM COM 704326107 2,382,553 78,670 3.41 108,446 15.85 0.0752
2013-11-14 2013-09-30 13F PAYCHEX INC COM COM 704326107 2,303,883 92,009 4.16 93,606 15.91 0.0751
2013-08-14 2013-06-30 13F PAYCHEX INC COM COM 704326107 2,211,874 2,211,874 80,760 0.0710
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.