Paychex, Inc.
US ˙ NasdaqGS ˙ US7043261079

SecurityPAYX / Paychex, Inc.
InstitutionHilltop Holdings Inc.
Latest Disclosed Ownership10,227 shares
Latest Disclosed Value $ 942,111
Hilltop Holdings Inc. reports 70.77% decrease in ownership of PAYX / Paychex, Inc.

On May 14, 2026 - Hilltop Holdings Inc. filed a 13F-HR form disclosing ownership of 10,227 shares of Paychex, Inc. (US:PAYX) valued at $942,111 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 34,991 shares of Paychex, Inc.. This represents a change in shares of -70.77% during the quarter. The current value of the position is $1,028,120 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 10,227 -24,764 -70.77 942 -76.00 0.0625
2026-02-17 2025-12-31 13F Paychex COM 704326107 34,991 -3,693 -9.55 3,925 -19.95 0.2323
2025-11-14 2025-09-30 13F Paychex COM 704326107 38,684 -3,194 -7.63 4,904 -19.50 0.2594
2025-08-14 2025-06-30 13F PAYCHEX COM 704326107 41,878 818 1.99 6,092 -3.84 0.3903
2025-05-15 2025-03-31 13F PAYCHEX COM 704326107 41,060 4,022 10.86 6,335 21.97 0.3976
2025-02-14 2024-12-31 13F PAYCHEX COM 704326107 37,038 191 0.52 5,193 5.04 0.3279
2024-11-14 2024-09-30 13F PAYCHEX COM 704326107 36,847 24,528 199.11 4,944 238.63 0.3158
2024-08-14 2024-06-30 13F PAYCHEX COM 704326107 12,319 786 6.82 1,461 3.11 0.1687
2024-05-15 2024-03-31 13F PAYCHEX COM 704326107 11,533 2,200 23.57 1,416 27.45 0.1462
2024-02-12 2023-12-31 13F PAYCHEX COM 704326107 9,333 1,182 14.50 1,112 18.19 0.1260
2023-11-14 2023-09-30 13F PAYCHEX COM 704326107 8,151 679 9.09 940 12.57 0.1097
2023-08-14 2023-06-30 13F PAYCHEX COM 704326107 7,472 -349 -4.46 836 -6.81 0.1017
2023-05-15 2023-03-31 13F PAYCHEX COM 704326107 7,821 20 0.26 896 -0.55 0.1177
2023-02-14 2022-12-31 13F PAYCHEX COM 704326107 7,801 636 8.88 901 12.06 0.1155
2022-11-14 2022-09-30 13F PAYCHEX COM 704326107 7,165 2,334 48.31 804 46.18 0.1088
2022-08-15 2022-06-30 13F PAYCHEX COM 704326107 4,831 -7,169 -59.74 550 -66.40 0.0728
2022-05-16 2022-03-31 13F PAYCHEX COM 704326107 12,000 -1,350 -10.11 1,637 -10.15 0.1843
2022-02-14 2021-12-31 13F PAYCHEX COM 704326107 13,350 3,779 39.48 1,822 69.33 0.1894
2021-11-15 2021-09-30 13F PAYCHEX COM 704326107 9,571 1,677 21.24 1,076 27.04 0.1179
2021-08-16 2021-06-30 13F PAYCHEX COM 704326107 7,894 744 10.41 847 20.83 0.0954
2021-05-17 2021-03-31 13F PAYCHEX COM 704326107 7,150 265 3.85 701 9.36 0.0905
2021-02-16 2020-12-31 13F PAYCHEX COM 704326107 6,885 71 1.04 641 17.83 0.0897
2020-11-16 2020-09-30 13F PAYCHEX COM 704326107 6,814 1,705 33.37 544 40.57 0.0923
2020-08-14 2020-06-30 13F PAYCHEX COM 704326107 5,109 -308 -5.69 387 13.49 0.0715
2020-05-15 2020-03-31 13F PAYCHEX COM 704326107 5,417 1,187 28.06 341 -5.28 0.0822
2020-02-14 2019-12-31 13F PAYCHEX COM 704326107 4,230 339 8.71 360 11.80 0.0673
2019-11-14 2019-09-30 13F PAYCHEX COM 704326107 3,891 35 0.91 322 1.58 0.0611
2019-08-14 2019-06-30 13F PAYCHEX COM 704326107 3,856 -354 -8.41 317 -6.21 0.0672
2019-05-15 2019-03-31 13F PAYCHEX COM 704326107 4,210 -1,923 -31.35 338 -15.29 0.0718
2019-02-14 2018-12-31 13F PAYCHEX COM 704326107 6,133 -558 -8.34 399 -19.07 0.0990
2018-11-14 2018-09-30 13F PAYCHEX COM 704326107 6,691 979 17.14 493 26.41 0.1035
2018-08-14 2018-06-30 13F PAYCHEX COM 704326107 5,712 2,351 69.95 390 89.32 0.0826
2018-05-15 2018-03-31 13F PAYCHEX COM 704326107 3,361 3,361 206 0.0360
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.