Paychex, Inc.
US ˙ NasdaqGS ˙ US7043261079

SecurityPAYX / Paychex, Inc.
InstitutionTocqueville Asset Management L.p.
Latest Disclosed Ownership120,486 shares
Latest Disclosed Value $ 11,099,170
Tocqueville Asset Management L.p. reports 2,762.58% increase in ownership of PAYX / Paychex, Inc.

On May 12, 2026 - Tocqueville Asset Management L.p. filed a 13F-HR form disclosing ownership of 120,486 shares of Paychex, Inc. (US:PAYX) valued at $11,099,170 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 4,209 shares of Paychex, Inc.. This represents a change in shares of 2,762.58% during the quarter. The current value of the position is $12,112,458 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)
2026-05-12 2026-03-31 13F PAYCHEX COM 704326107 120,486 116,277 2,762.58 11,099 2,251.48 0.1646
2026-02-12 2025-12-31 13F PAYCHEX COM 704326107 4,209 0 0.00 472 -11.44 0.0069
2025-11-13 2025-09-30 13F PAYCHEX COM 704326107 4,209 681 19.30 534 3.90 0.0078
2025-08-12 2025-06-30 13F PAYCHEX COM 704326107 3,528 -300 -7.84 513 -13.05 0.0078
2025-05-13 2025-03-31 13F PAYCHEX COM 704326107 3,828 0 0.00 591 10.07 0.0096
2025-02-10 2024-12-31 13F PAYCHEX COM 704326107 3,828 0 0.00 537 4.48 0.0084
2024-11-08 2024-09-30 13F PAYCHEX COM 704326107 3,828 -110 -2.79 514 10.09 0.0081
2024-08-12 2024-06-30 13F PAYCHEX COM 704326107 3,938 -366 -8.50 467 -11.74 0.0077
2024-05-09 2024-03-31 13F PAYCHEX COM 704326107 4,304 0 0.00 529 3.13 0.0086
2024-02-12 2023-12-31 13F PAYCHEX COM 704326107 4,304 0 0.00 513 3.23 0.0093
2023-11-09 2023-09-30 13F PAYCHEX COM 704326107 4,304 -306 -6.64 496 -3.69 0.0094
2023-08-11 2023-06-30 13F PAYCHEX COM 704326107 4,610 -574 -11.07 516 -13.30 0.0092
2023-05-10 2023-03-31 13F PAYCHEX COM 704326107 5,184 -125 -2.35 594 -3.10 0.0112
2023-02-09 2022-12-31 13F PAYCHEX COM 704326107 5,309 -150 -2.75 614 0.00 0.0117
2022-11-10 2022-09-30 13F PAYCHEX COM 704326107 5,459 118 2.21 613 0.82 0.0125
2022-08-12 2022-06-30 13F PAYCHEX COM 704326107 5,341 -371 -6.50 608 -22.05 0.0111
2022-05-16 2022-03-31 13F Paychex COM 704326107 5,712 1,165 25.62 780 25.60 0.0118
2022-02-14 2021-12-31 13F PAYCHEX COM 704326107 4,547 -181 -3.83 621 16.73 0.0085
2021-11-15 2021-09-30 13F PAYCHEX COM 704326107 4,728 334 7.60 532 12.95 0.0079
2021-08-16 2021-06-30 13F PAYCHEX COM 704326107 4,394 -87 -1.94 471 7.29 0.0068
2021-05-17 2021-03-31 13F PAYCHEX COM 704326107 4,481 -920 -17.03 439 -12.72 0.0068
2021-02-16 2020-12-31 13F PAYCHEX COM 704326107 5,401 161 3.07 503 20.33 0.0084
2020-11-16 2020-09-30 13F PAYCHEX COM 704326107 5,240 440 9.17 418 14.84 0.0080
2020-08-12 2020-06-30 13F PAYCHEX COM 704326107 4,800 -423 -8.10 364 10.64 0.0076
2020-05-15 2020-03-31 13F PAYCHEX COM 704326107 5,223 557 11.94 329 -17.13 0.0082
2020-01-14 2019-12-31 13F Paychex COM 704326107 4,666 -985 -17.43 397 -15.17 0.0058
2019-10-31 2019-09-30 13F Paychex COM 704326107 5,651 0 0.00 468 0.65 0.0064
2019-07-31 2019-06-30 13F Paychex COM 704326107 5,651 -400 -6.61 465 -4.12 0.0060
2019-04-30 2019-03-31 13F Paychex COM 704326107 6,051 9 0.15 485 23.10 0.0065
2019-02-08 2018-12-31 13F Paychex COM 704326107 6,042 -450 -6.93 394 -17.57 0.0059
2018-11-13 2018-09-30 13F Paychex COM 704326107 6,492 -3,200 -33.02 478 -27.79 0.0060
2018-08-13 2018-06-30 13F Paychex COM 704326107 9,692 1,602 19.80 662 32.93 0.0084
2018-05-14 2018-03-31 13F Paychex COM 704326107 8,090 0 0.00 498 -9.62 0.0063
2018-02-13 2017-12-31 13F Paychex COM 704326107 8,090 -112 -1.37 551 11.99 0.0063
2017-10-30 2017-09-30 13F Paychex COM 704326107 8,202 60 0.74 492 6.03 0.0057
2017-08-04 2017-06-30 13F Paychex COM 704326107 8,142 0 0.00 464 -3.33 0.0056
2017-04-28 2017-03-31 13F Paychex COM 704326107 8,142 -2,628 -24.40 480 -26.83 0.0059
2017-01-30 2016-12-31 13F Paychex COM 704326107 10,770 -1,718 -13.76 656 -9.27 0.0084
2016-10-31 2016-09-30 13F Paychex COM 704326107 12,488 -1,426 -10.25 723 -12.68 0.0087
2016-08-15 2016-06-30 13F/A-1 Paychex COM 704326107 13,914 -570 -3.94 828 5.88 0.0099
2016-07-29 2016-06-30 13F Paychex COM 704326107 13,914 828
2016-04-29 2016-03-31 13F Paychex COM 704326107 14,484 75 0.52 782 2.62 0.0104
2016-01-29 2015-12-31 13F Paychex COM 704326107 14,409 4,059 39.22 762 54.56 0.0103
2015-10-30 2015-09-30 13F Paychex COM 704326107 10,350 250 2.48 493 4.23 0.0066
2015-07-31 2015-06-30 13F Paychex COM 704326107 10,100 50 0.50 473 -5.21 0.0056
2015-04-30 2015-03-31 13F Paychex COM 704326107 10,050 10,050 0.00 499 0.0059
2015-01-30 2014-12-31 13F Paychex COM 704326107 0 -10,195 -100.00 0 -100.00
2014-10-30 2014-09-30 13F Paychex COM 704326107 10,195 895 9.62 451 16.54 0.0050
2014-09-18 2014-06-30 13F/A-1 Paychex COM 704326107 9,300 100 1.09 387 -1.28 0.0038
2014-07-30 2014-06-30 13F Paychex COM 704326107 9,300 387
2014-04-30 2014-03-31 13F Paychex COM 704326107 9,200 100 1.10 392 -5.31 0.0052
2014-01-30 2013-12-31 13F Paychex COM 704326107 9,100 0 0.00 414 11.89 0.0056
2013-10-30 2013-09-30 13F Paychex COM 704326107 9,100 50 0.55 370 12.12 0.0046
2013-07-30 2013-06-30 13F Paychex COM 704326107 9,050 9,050 330 0.0045
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.