Paychex, Inc. (PAYX) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

Are institutions buying or selling PAYX?

HoldingsIntel tracks quarter-over-quarter changes in institutional positions for Paychex, Inc., showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on PAYX?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for Paychex, Inc..

Is institutional money flowing into PAYX?

307 institutional investors hold Paychex, Inc. (PAYX). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about PAYX?

Track institutional sentiment and conviction scores for Paychex, Inc. (PAYX) including Smart Money Verdict and position changes on HoldingsIntel.

Paychex, Inc.

PAYX·704326107·US·equity·Technology - Software - Application-13D/G

PAYX (Paychex, Inc.) is held by 307 institutional investors as of Q4 2025. Largest holders: VANGUARD GROUP INC ($4.8B), Capital International Investors ($3.4B), BlackRock, Inc. ($3.1B). Net institutional sentiment: Mixed.

307

Holders

Avg rating(23 Elite)

$28.7B

Total Value

48% (331)

Fund Consensus

157 buying - 168 selling

Smart Money VerdictView all

39Weak MomentumSplit Signals

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See how PAYX's score breaks down across 4 SEC sources

Held by 307 funds

23 elite

Who's Trading

CongressRick LarsenSale $1,001 - $15,000Apr 7, 2026

13F: Dec 31, 2025Insider & Congress: Updated regularly

CongressRohit KhannaBuyMar 10, 2026

CongressMichael T. McCaulBuy $100,001 - $250,000Mar 4, 2026

CongressApril McClain DelaneySale $1,001 - $15,000Feb 24, 2026

ActivistCapital International Investors8.6%Feb 13, 2026

InsiderSimmons Christopher CSell $260KJul 16, 2025

InsiderSchrader Robert L.Sell $444KJul 16, 2025

InsiderGibson John BSell $1.8MJul 16, 2025

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
VANGUARD GROUP INC	Increased	42.3M(+12.1%)	$4.8B	0.1%	-23.79%	36
Capital International Investors	Increased	30.3M(+59.1%)	$3.4B	0.5%	-4.45%	64
BlackRock, Inc.	Decreased	27.9M(-0.3%)	$3.1B	0.1%	-28.86%	0
STATE STREET CORP	Increased	14M(+1.6%)	$1.6B	0.1%	-15.14%	32
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	Increased	11.6M(+2.3%)	$1.3B	0.2%	-3.07%	39
GEODE CAPITAL MANAGEMENT, LLC	Increased	9.7M(+0.8%)	$1.1B	0.1%	+23.06%	32
WELLS FARGO & COMPANY/MN	Decreased	6.5M(-26.4%)	$728M	0.1%	-10.35%	0
Select Equity Group, L.P.	Increased	5.7M(+31.2%)	$641.2M	2.8%	-18.16%	69
BANK OF AMERICA CORP /DE/	Decreased	5.4M(-5.1%)	$600.3M	0.0%	-29.37%	0
MORGAN STANLEY	Decreased	4.8M(-0.4%)	$543.3M	0.0%	-20.76%	0
NORTHERN TRUST CORP	Decreased	4.3M(-2.0%)	$486.4M	0.1%	+16.62%	0
Invesco Ltd.	Decreased	4M(-7.7%)	$444.3M	0.1%	-9.80%	0
GOLDMAN SACHS GROUP INC	Increased	3.6M(+35.5%)	$409.4M	0.1%	-25.79%	40
UBS Group AG	Increased	3.4M(+29.9%)	$384.9M	0.1%	-15.14%	39
DIMENSIONAL FUND ADVISORS LP	Increased	2.9M(+2.7%)	$323.4M	0.1%	-13.60%	32
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	Decreased	2.7M(-1.5%)	$301.8M	0.1%	-5.30%	0
Legal & General Group Plc	Increased	2.5M(+1.4%)	$275.5M	0.1%	+24.65%	31
FEDERATED HERMES, INC.	Increased	2.4M(+4141.1%)	$270.3M	0.5%	-15.04%	59
ENVESTNET ASSET MANAGEMENT INC	Increased	2.2M(+12.1%)	$248.8M	0.1%	-5.58%	34
FIRST TRUST ADVISORS LP	Increased	2.1M(+13.9%)	$231.7M	0.2%	+3.58%	42
Bank of New York Mellon Corp	Decreased	2M(-63.5%)	$228.7M	0.0%	+3.07%	0
AMERIPRISE FINANCIAL INC	Decreased	1.9M(-4.6%)	$216.5M	0.0%	-7.33%	0
Capital Research Global Investors	Increased	1.9M(+26.2%)	$215.1M	0.0%	-18.65%	38
BAHL & GAYNOR INC	Decreased	1.7M(-3.0%)	$189.9M	1.0%	+9.74%	0
Amundi	Decreased	1.6M(-8.9%)	$180.1M	0.0%	-22.33%	0
LONDON CO OF VIRGINIA	Decreased	1.4M(-4.9%)	$162.2M	0.9%	+39.12%	0
JPMORGAN CHASE & CO	Decreased	1.4M(-12.8%)	$160.9M	0.0%	-30.76%	0
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM	Increased	1.4M(+34.1%)	$152.6M	0.1%	+33.13%	39
VOLORIDGE INVESTMENT MANAGEMENT, LLC	Increased	1.4M(+45.4%)	$151.6M	0.5%	-21.47%	58
RAYMOND JAMES FINANCIAL INC	Increased	1.3M(+25.6%)	$147.6M	0.0%	-26.38%	37
ROYAL BANK OF CANADA	Decreased	1.3M	$142.2M	0.0%	-29.54%	0
BARCLAYS PLC	Decreased	1.2M(-34.1%)	$137.1M	0.0%	-21.77%	0
NORDEA INVESTMENT MANAGEMENT AB	Decreased	1.2M(-8.2%)	$130.7M	0.1%	-18.40%	0
DEUTSCHE BANK AG\	Decreased	1.1M(-26.1%)	$126.8M	0.0%	-7.93%	0
RENAISSANCE TECHNOLOGIES LLC	Increased	1.1M(+259.7%)	$122.7M	0.2%	-17.65%	58
LPL Financial LLC	Increased	1M(+33.8%)	$114.8M	0.0%	-7.71%	39
PNC FINANCIAL SERVICES GROUP, INC.	Decreased	970,400(-0.8%)	$108.9M	0.1%	-0.32%	0
STIFEL FINANCIAL CORP	Increased	967,140(+11.4%)	$108.5M	0.1%	+1.19%	33
Neuberger Berman Group LLC	Decreased	909,400(-20.4%)	$102M	0.1%	-21.56%	0
Sumitomo Mitsui Trust Group, Inc.	Increased	906,403(+2.6%)	$101.7M	0.1%	+27.32%	31
Swiss National Bank	Decreased	887,600(-5.0%)	$99.6M	0.1%	+41.75%	0
BNP PARIBAS FINANCIAL MARKETS	Increased	881,146(+165.1%)	$98.8M	0.0%	-14.07%	48
Nuveen, LLC	Decreased	872,885(-0.0%)	$97.9M	0.0%	-34.42%	0
Swiss Life Asset Management Ltd	Increased	859,079(+32.0%)	$96.4M	0.5%	-20.96%	46
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	Increased	856,235(+48.6%)	$96.1M	0.2%	-22.68%	49
Corient Private Wealth LLC	Increased	800,221(+1.6%)	$89.6M	0.1%	-19.92%	36
FRANKLIN RESOURCES INC	Decreased	794,451(-0.7%)	$89.1M	0.0%	-3.85%	0
HSBC HOLDINGS PLC	Increased	768,358(+1.4%)	$86.3M	0.0%	+2.17%	30
Baird Financial Group, Inc.	Decreased	766,378(-7.0%)	$86M	0.1%	+34.61%	0
Mitsubishi UFJ Asset Management Co., Ltd.	Increased	706,971(+5.3%)	$76.8M	0.1%	-12.74%	31
PFA Pension, Forsikringsaktieselskab	New	669,560	$75.9M	0.2%	-14.85%	49
FMR LLC	Increased	669,672(+1.5%)	$75.1M	0.0%	-29.27%	30
RHUMBLINE ADVISERS	Decreased	664,268(-3.9%)	$74.5M	0.1%	+29.98%	0
ProShare Advisors LLC	Increased	628,830(+38.2%)	$70.5M	0.1%	-13.06%	47
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM	Increased	574,443(+7.8%)	$64.4M	0.1%	+48.34%	32
National Pension Service	Increased	539,737(+10.2%)	$60.5M	0.0%	+9.94%	33
Mariner, LLC	Increased	490,156(+3.0%)	$55M	0.1%	+7.76%	30
VICTORY CAPITAL MANAGEMENT INC	Increased	471,046(+12.9%)	$52.8M	0.0%	-11.47%	33
NOMURA ASSET MANAGEMENT CO LTD	Increased	470,872(+14.5%)	$52.8M	0.1%	-2.27%	40
Mirae Asset Global Investments Co., Ltd.	Increased	469,790(+5.5%)	$52.7M	0.1%	-16.21%	37
ALLIANCEBERNSTEIN L.P.	Decreased	466,405(-31.3%)	$52.3M	0.0%	+7.73%	0
Capital World Investors	Unchanged	440,000	$49.4M	0.0%	-15.72%	0
NATIONAL BANK OF CANADA /FI/	Decreased	423,714(-18.7%)	$47.5M	0.0%	-22.17%	0
Capital International, Inc./CA/	Increased	408,140(+69.1%)	$45.8M	0.4%	-18.96%	52
BANK OF NOVA SCOTIA	Increased	394,293(+820.7%)	$44.2M	0.1%	-16.53%	47
PRINCIPAL FINANCIAL GROUP INC	Decreased	390,002(-0.2%)	$43.8M	0.0%	+27.46%	0
CITIGROUP INC	Decreased	389,594(-52.3%)	$43.7M	0.0%	-30.25%	0
&PARTNERS	Increased	388,940(+5.2%)	$43.5M	0.2%	-26.18%	37
Epoch Investment Partners, Inc.	Decreased	386,679(-44.4%)	$43.4M	0.2%	-4.66%	0
WORLDQUANT MILLENNIUM ADVISORS LLC	Decreased	383,853(-70.4%)	$43.1M	0.2%	-24.15%	0
MML INVESTORS SERVICES, LLC	Increased	373,107(+11.2%)	$41.9M	0.1%	+1.08%	39
BANK OF MONTREAL /CAN/	Decreased	365,940(-12.9%)	$41.1M	0.0%	-28.85%	0
Cerity Partners LLC	Increased	364,763(+2.1%)	$40.9M	0.1%	-2.17%	30
Gotham Asset Management, LLC	Increased	357,110(+125.2%)	$40.1M	0.1%	-18.31%	56
Universal- Beteiligungs- und Servicegesellschaft mbH	Increased	345,667(+12.8%)	$38.9M	0.1%	-27.59%	33
FORT WASHINGTON INVESTMENT ADVISORS INC /OH/	Decreased	329,585(-0.2%)	$37M	0.2%	-6.36%	0
BAILLIE GIFFORD & CO	Decreased	304,062(-1.5%)	$34.1M	0.0%	-30.15%	0
TWO SIGMA INVESTMENTS, LP	New	297,773	$33.4M	0.0%	-14.85%	40
Russell Investments Group, Ltd.	Decreased	281,833(-9.7%)	$31.7M	0.0%	-6.09%	0
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	Decreased	281,522(-3.0%)	$31.6M	0.1%	+59.16%	0
ALPS ADVISORS INC	Increased	276,155(+14.8%)	$31M	0.2%	-23.74%	39
TD ASSET MANAGEMENT INC	Decreased	274,562(-68.3%)	$30.8M	0.0%	-5.15%	0
AVIVA PLC	Increased	271,944(+5.5%)	$30.5M	0.1%	-22.67%	30
TWO SIGMA ADVISERS, LP	New	244,200	$27.4M	0.1%	-14.85%	40
APG Asset Management N.V.	Decreased	286,760(-9.6%)	$27.4M	0.1%	-15.45%	0
CITADEL ADVISORS LLC	Increased	241,483(+81.2%)	$27.1M	0.0%	-20.25%	44
Chevy Chase Trust Holdings, LLC	Increased	239,624(+10.9%)	$26.9M	0.1%	+34.08%	32
Aberdeen Group plc	Decreased	239,560(-3.0%)	$26.9M	0.0%	-21.28%	0
GLENMEDE TRUST CO NA	Increased	232,020(+1.2%)	$26M	0.1%	+49.22%	35
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.	Decreased	231,339(-4.6%)	$26M	0.0%	-16.17%	0
COMMONWEALTH EQUITY SERVICES, LLC	Decreased	227,472(-11.9%)	$25.5M	0.0%	+30.85%	0
CIBC Asset Management Inc	Increased	227,021(+29.3%)	$25.5M	0.1%	-10.37%	36
ROYAL LONDON ASSET MANAGEMENT LTD	Decreased	220,449(-0.1%)	$24.7M	0.1%	+6.00%	0
Korea Investment CORP	Increased	213,740(+8.3%)	$24M	0.0%	-23.76%	31
Squarepoint Ops LLC	Increased	213,292(+52.1%)	$23.9M	0.0%	-20.73%	40
Focus Partners Wealth	Increased	211,540(+109.9%)	$23.7M	0.0%	-16.45%	46
TRUIST FINANCIAL CORP	Increased	208,150(+33.3%)	$23.4M	0.0%	-4.23%	37
DANSKE BANK A/S	Increased	205,341(+14.0%)	$23M	0.1%	-31.93%	32
Connor, Clark & Lunn Investment Management Ltd.	New	204,253	$22.9M	0.1%	-14.85%	39
Rathbones Group PLC	Increased	202,457(+11.1%)	$22.7M	0.1%	-18.58%	32
Assenagon Asset Management S.A.	Decreased	200,880(-76.0%)	$22.5M	0.0%	-26.11%	0
MANUFACTURERS LIFE INSURANCE COMPANY, THE	Decreased	200,813(-1.4%)	$22.5M	0.0%	+47.47%	0
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	Increased	202,446(+67.0%)	$22.5M	0.0%	-22.21%	42
Cetera Investment Advisers	Increased	195,028(+5.9%)	$21.9M	0.0%	-17.71%	30
NOMURA ASSET MANAGEMENT INTERNATIONAL INC.	New	193,801	$21.7M	0.0%	-14.85%	39
NEOS Investment Management LLC	Increased	191,920(+27.1%)	$21.5M	0.1%	-23.54%	42
Pictet Asset Management Holding SA	Decreased	191,572(-27.2%)	$21.5M	0.0%	-20.84%	0
NEW YORK STATE COMMON RETIREMENT FUND	Decreased	187,665(-10.4%)	$21.1M	0.0%	+62.71%	0
Swedbank AB	Decreased	182,156(-11.4%)	$20.4M	0.0%	-14.91%	0
Zurcher Kantonalbank (Zurich Cantonalbank)	Increased	178,571(+28.8%)	$20M	0.0%	-19.07%	36
NATIXIS	Increased	178,236(+237.3%)	$20M	0.1%	-18.92%	46
ADAGE CAPITAL PARTNERS GP, L.L.C.	Decreased	177,446(-39.9%)	$19.9M	0.0%	-20.27%	0
US BANCORP \DE\	Decreased	172,972(-4.6%)	$19.4M	0.0%	+15.91%	0
Quantinno Capital Management LP	Increased	171,905(+57.8%)	$19.3M	0.0%	-23.58%	40
Mitsubishi UFJ Trust & Banking Corp	Decreased	169,270(-8.6%)	$19M	0.0%	+22.17%	0
STATE OF WISCONSIN INVESTMENT BOARD	Decreased	167,812(-2.8%)	$18.8M	0.0%	+20.68%	0
GATEWAY INVESTMENT ADVISERS LLC	Increased	163,357(+0.6%)	$18.3M	0.2%	+31.03%	34
Skandinaviska Enskilda Banken AB (publ)	Decreased	162,083(-15.0%)	$18.2M	0.1%	-3.35%	0
TEACHER RETIREMENT SYSTEM OF TEXAS	Increased	161,053(+58.5%)	$18.1M	0.1%	-17.59%	40
PRUDENTIAL FINANCIAL INC	Decreased	158,794(-12.1%)	$17.8M	0.0%	+6.04%	0
HighTower Advisors, LLC	Increased	156,889(+0.2%)	$17.6M	0.0%	+7.02%	28
Boston Trust Walden Corp	Increased	155,763(+6.1%)	$17.5M	0.1%	+17.80%	36
Pacer Advisors, Inc.	Increased	151,386(+5.4%)	$17M	0.0%	-25.43%	30
MARKEL GROUP INC.	Unchanged	150,000	$16.8M	0.1%	+46.52%	0
Creative Planning	Increased	149,514(+21.4%)	$16.8M	0.0%	+10.46%	34
Asset Management One Co., Ltd.	Decreased	145,905(-1.4%)	$16.6M	0.0%	+7.28%	0
BLAIR WILLIAM & CO/IL	Decreased	147,270(-5.3%)	$16.5M	0.0%	+60.39%	0
SEI INVESTMENTS CO	Decreased	145,290(-53.1%)	$16.3M	0.0%	-21.50%	0
CREDIT AGRICOLE S A	Increased	144,066(+15.4%)	$16.2M	0.0%	-23.11%	32
Trexquant Investment LP	Increased	143,249(+45.3%)	$16.1M	0.1%	-21.48%	46
OSAIC HOLDINGS, INC.	Increased	142,278(+28.4%)	$16M	0.0%	-5.18%	35
Rafferty Asset Management, LLC	Increased	138,090(+11.9%)	$15.5M	0.1%	-1.69%	31
UniSuper Management Pty Ltd	Increased	137,583(+0.6%)	$15.4M	0.1%	-30.90%	28
DnB Asset Management AS	Increased	135,227(+33.0%)	$15.2M	0.1%	-18.06%	36
SUSQUEHANNA INTERNATIONAL GROUP, LLP	Decreased	132,160(-45.7%)	$14.8M	0.0%	-26.29%	0
COMERICA BANK	Increased	121,705(+10.4%)	$13.7M	0.1%	+10.09%	31
CAPTRUST FINANCIAL ADVISORS	Increased	118,802(+88.6%)	$13.3M	0.0%	-12.51%	44
MILLENNIUM MANAGEMENT LLC	Decreased	116,532(-87.9%)	$13.1M	0.0%	-24.94%	0
KLP KAPITALFORVALTNING AS	Unchanged	115,079	$12.9M	0.0%	-28.96%	0
TORONTO DOMINION BANK	Decreased	114,291(-47.1%)	$12.8M	0.0%	-28.12%	0
AQR CAPITAL MANAGEMENT LLC	Increased	112,264(+15.3%)	$12.6M	0.0%	+0.34%	32
BENJAMIN EDWARDS INC	Increased	110,354(+0.7%)	$12.4M	0.1%	-23.61%	33
SCHRODER INVESTMENT MANAGEMENT GROUP	Decreased	109,651(-57.0%)	$12.3M	0.0%	-21.59%	0
Lansforsakringar Fondforvaltning AB (publ)	Increased	109,101(+6.8%)	$12.2M	0.1%	-28.06%	30
Resona Asset Management Co.,Ltd.	Decreased	107,600(-5.3%)	$12.1M	0.1%	-19.04%	0
GUGGENHEIM CAPITAL LLC	Increased	107,290(+1.3%)	$12M	0.1%	-4.43%	28
MARSHALL WACE, LLP	Decreased	107,245(-58.0%)	$12M	0.0%	-32.75%	0
NISA INVESTMENT ADVISORS, LLC	Decreased	106,888(-9.5%)	$12M	0.0%	+14.33%	0
State of New Jersey Common Pension Fund D	Decreased	106,633(-4.1%)	$12M	0.0%	+35.66%	0
AMERICAN CENTURY COMPANIES INC	Increased	102,105(+2.7%)	$11.5M	0.0%	-10.53%	29
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	Decreased	101,709(-5.1%)	$11.4M	0.0%	+21.61%	0
O'SHAUGHNESSY ASSET MANAGEMENT, LLC	Decreased	94,745(-33.6%)	$10.6M	0.1%	-15.60%	0
CANADA PENSION PLAN INVESTMENT BOARD	Decreased	94,418(-65.5%)	$10.6M	0.0%	-27.23%	0
NISSAY ASSET MANAGEMENT CORP /JAPAN	Increased	94,238(+5.3%)	$10.6M	0.1%	-5.02%	29
CAPITAL FUND MANAGEMENT S.A.	Increased	92,110(+50.8%)	$10.3M	0.0%	-21.25%	38
STATE OF MICHIGAN RETIREMENT SYSTEM	Decreased	91,477(-4.0%)	$10.3M	0.0%	+32.10%	0
Arizona State Retirement System	Decreased	91,414(-3.5%)	$10.3M	0.1%	+34.86%	0
Ensign Peak Advisors, Inc	Decreased	91,138(-12.7%)	$10.2M	0.0%	+0.75%	0
Calamos Advisors LLC	Decreased	89,936(-3.9%)	$10.1M	0.0%	+13.16%	0
COMMERCE BANK	Decreased	87,502(-2.1%)	$9.8M	0.1%	+41.92%	0
FORSTA AP-FONDEN	Increased	87,400(+6.7%)	$9.8M	0.1%	-2.25%	30
Czech National Bank	Increased	85,409(+3.7%)	$9.6M	0.1%	-14.68%	29
FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND	Decreased	85,045(-9.1%)	$9.5M	0.1%	-6.45%	0
Sanctuary Advisors, LLC	Increased	82,773(+5.0%)	$9.3M	0.1%	-18.60%	29
MetLife Investment Management, LLC	Decreased	82,493(-3.2%)	$9.3M	0.0%	+15.01%	0
WELLINGTON MANAGEMENT GROUP LLP	Increased	81,310(+75.1%)	$9.1M	0.0%	-17.62%	42
CIBC WORLD MARKETS CORP	Increased	76,380(+15.5%)	$8.6M	0.0%	-24.81%	32
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	Decreased	75,342(-3.2%)	$8.5M	0.0%	+2.17%	0
Envestnet Portfolio Solutions, Inc.	Increased	74,874(+20.5%)	$8.4M	0.0%	-12.17%	33
BROWN ADVISORY INC	Decreased	73,251(-3.1%)	$8.2M	0.0%	+35.21%	0
Retirement Systems of Alabama	Decreased	68,906(-0.4%)	$7.7M	0.0%	+45.63%	0
Williams Jones Wealth Management, LLC.	Decreased	67,225(-7.9%)	$7.5M	0.1%	+32.40%	0
MACKENZIE FINANCIAL CORP	Increased	66,477(+11.8%)	$7.5M	0.0%	+14.71%	31
VOYA INVESTMENT MANAGEMENT LLC	Decreased	66,467(-8.3%)	$7.5M	0.0%	-1.37%	0
Verition Fund Management LLC	Decreased	66,054(-9.1%)	$7.4M	0.0%	-25.87%	0
PRUDENTIAL PLC	Unchanged	65,806	$7.4M	0.1%	-24.23%	0
PINEBRIDGE INVESTMENTS LLC	New	65,060	$7.3M	0.1%	-14.85%	38
Rakuten Investment Management, Inc.	Decreased	62,035(-36.7%)	$7.1M	0.0%	-29.02%	0
XPONANCE LLC	Increased	61,741(+6.4%)	$6.9M	0.1%	+0.73%	29
MACQUARIE GROUP LTD	Decreased	58,422(-79.5%)	$6.5M	0.0%	+0.55%	0
USS Investment Management Ltd	Increased	57,941(+5.0%)	$6.5M	0.0%	+6.33%	29
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp	Increased	57,440(+23.3%)	$6.4M	0.0%	-4.63%	33
Woodline Partners LP	Decreased	55,264(-70.1%)	$6.2M	0.0%	-31.96%	0
Utah Retirement Systems	Unchanged	53,324	$6M	0.1%	+42.15%	0
UNITED CAPITAL FINANCIAL ADVISORS, LLC	Decreased	53,185(-0.1%)	$6M	0.0%	+21.59%	0
MERCER GLOBAL ADVISORS INC /ADV	Increased	52,708(+1.2%)	$5.9M	0.0%	-4.83%	27
Rockefeller Capital Management L.P.	Decreased	52,701(-38.7%)	$5.9M	0.0%	-24.86%	0
DAVENPORT & Co LLC	Increased	51,903(+110.5%)	$5.8M	0.0%	-17.53%	44
Pathstone Holdings, LLC	Increased	51,559(+0.2%)	$5.8M	0.0%	-19.94%	27
CIBC WORLD MARKET INC.	Decreased	51,361(-4.6%)	$5.8M	0.0%	-14.27%	0
Jain Global LLC	Decreased	50,698(-43.0%)	$5.7M	0.0%	-27.23%	0
Eurizon Capital SGR S.p.A.	New	49,882	$5.6M	0.0%	-14.85%	37
Police & Firemen's Retirement System of New Jersey	Decreased	49,669(-4.5%)	$5.6M	0.0%	-28.77%	0
Vanguard Personalized Indexing Management, LLC	Decreased	49,394(-12.6%)	$5.5M	0.1%	-16.75%	0
Kestra Advisory Services, LLC	Increased	48,806(+8.7%)	$5.5M	0.0%	-8.07%	29
NEW YORK LIFE INVESTMENT MANAGEMENT LLC	Increased	46,985(+6.9%)	$5.3M	0.0%	-8.14%	29
QRG CAPITAL MANAGEMENT, INC.	Increased	46,500(+0.5%)	$5.2M	0.1%	-14.61%	27
Empowered Funds, LLC	Increased	45,869(+55.6%)	$5.1M	0.0%	-22.10%	38
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	Decreased	44,654(-3.0%)	$5M	0.0%	+32.90%	0
Steward Partners Investment Advisory, LLC	Decreased	43,365(-4.6%)	$4.9M	0.0%	+3.31%	0
OneDigital Investment Advisors LLC	Increased	43,086(+327.3%)	$4.8M	0.0%	-10.34%	43
JANUS HENDERSON GROUP PLC	Increased	43,021(+7.9%)	$4.8M	0.0%	-21.57%	29
SHELTON CAPITAL MANAGEMENT	Increased	42,811(+3.0%)	$4.8M	0.1%	+5.76%	28
Tidal Investments LLC	Decreased	42,474(-74.6%)	$4.8M	0.0%	-29.14%	0
PUBLIC SECTOR PENSION INVESTMENT BOARD	Increased	42,120(+49.6%)	$4.7M	0.0%	-21.62%	37
Orion Porfolio Solutions, LLC	Decreased	41,892(-4.8%)	$4.7M	0.0%	+2.70%	0
Sumitomo Mitsui DS Asset Management Company, Ltd	Increased	40,003(+1.6%)	$4.5M	0.0%	+6.92%	27
AE Wealth Management LLC	Increased	39,849(+227.8%)	$4.5M	0.0%	-16.07%	43
NewEdge Advisors, LLC	Decreased	37,656(-3.6%)	$4.2M	0.0%	-18.06%	0
CIBC Private Wealth Group LLC	Decreased	36,857(-0.8%)	$4.1M	0.0%	+20.85%	0
EP Wealth Advisors, LLC	Decreased	36,350(-3.4%)	$4.1M	0.0%	-14.43%	0
REGIONS FINANCIAL CORP	Decreased	36,121(-2.4%)	$4.1M	0.0%	+44.01%	0
KEYBANK NATIONAL ASSOCIATION/OH	Decreased	35,584(-2.5%)	$4M	0.0%	-5.85%	0
YOUSIF CAPITAL MANAGEMENT, LLC	Decreased	37,106(-5.3%)	$4M	0.0%	-19.69%	0
FIFTH THIRD BANCORP	Increased	35,289(+4.6%)	$4M	0.0%	+21.66%	28
Candriam S.C.A.	Decreased	35,050(-9.5%)	$3.9M	0.0%	-6.12%	0
MUTUAL OF AMERICA CAPITAL MANAGEMENT LLC	Decreased	34,789(-1.0%)	$3.9M	0.0%	+36.98%	0
STRS OHIO	Increased	33,830(+338.4%)	$3.8M	0.0%	-19.40%	43
B. Metzler seel. Sohn & Co. AG	Increased	33,583(+16.3%)	$3.8M	0.0%	-17.30%	31
NewEdge Wealth, LLC	Increased	33,363(+5.4%)	$3.7M	0.0%	-13.84%	28
D.A. DAVIDSON & CO.	Increased	32,786(+7.7%)	$3.7M	0.0%	+4.49%	29
Allianz Asset Management GmbH	Decreased	32,316(-58.8%)	$3.6M	0.0%	-24.13%	0
State of Tennessee, Department of Treasury	Decreased	34,895(-2.6%)	$3.6M	0.0%	-16.15%	0
Private Advisor Group, LLC	Decreased	30,336(-26.3%)	$3.4M	0.0%	+10.67%	0
Pinnacle Financial Partners, Inc.	New	30,027	$3.4M	0.0%	-14.85%	37
MAI Capital Management	Increased	29,869(+5.4%)	$3.4M	0.0%	-19.37%	28
Allspring Global Investments Holdings, LLC	Decreased	29,736(-28.8%)	$3.2M	0.0%	-22.33%	0
ASSETMARK, INC	Increased	27,461(+230.6%)	$3.1M	0.0%	-16.37%	43
AGF MANAGEMENT LTD	Increased	27,248(+14.0%)	$3.1M	0.0%	-23.00%	30
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	Decreased	28,168(-2.4%)	$3M	0.0%	+44.45%	0
Engineers Gate Manager LP	Decreased	25,851(-83.4%)	$2.9M	0.0%	-24.41%	0
Wealthfront Advisers LLC	Increased	25,487(+33.9%)	$2.9M	0.0%	-9.94%	34
Merit Financial Group, LLC	Decreased	24,308(-50.2%)	$2.7M	0.0%	-28.60%	0
Robeco Institutional Asset Management B.V.	Decreased	21,516(-36.2%)	$2.4M	0.0%	-24.83%	0
FIL Ltd	Decreased	20,853(-98.1%)	$2.3M	0.0%	-11.85%	0
JONES FINANCIAL COMPANIES LLLP	Increased	19,857(+17.6%)	$2.2M	0.0%	-26.68%	30
Vident Advisory, LLC	Decreased	19,504(-17.7%)	$2.2M	0.0%	-12.75%	0
WHITTIER TRUST CO	Decreased	18,933(-5.2%)	$2.1M	0.0%	+1.27%	0
EXCHANGE TRADED CONCEPTS, LLC	Increased	18,383(+15.9%)	$2.1M	0.0%	-18.19%	30
Sequoia Financial Advisors, LLC	Decreased	17,947(-72.9%)	$2M	0.0%	-24.34%	0
Jefferies Financial Group Inc.	Decreased	17,191(-10.2%)	$1.9M	0.0%	-32.59%	0
NOMURA HOLDINGS INC	Increased	15,912(+90.9%)	$1.8M	0.0%	-19.86%	41
Aptus Capital Advisors, LLC	Increased	15,627(+8.3%)	$1.8M	0.0%	-21.82%	28
Walleye Capital LLC	Increased	15,210(+87.1%)	$1.7M	0.0%	-24.81%	40
INTECH INVESTMENT MANAGEMENT LLC	Decreased	14,130(-19.9%)	$1.6M	0.0%	-22.33%	0
Wealthspire Advisors, LLC	Increased	13,768(+10.5%)	$1.5M	0.0%	-4.99%	28
HB Wealth Management, LLC	Decreased	13,673(-1.5%)	$1.5M	0.0%	-21.39%	0
OMERS ADMINISTRATION Corp	Decreased	13,524(-45.5%)	$1.5M	0.0%	-16.06%	0
Lido Advisors, LLC	Increased	11,659(+5.0%)	$1.5M	0.0%	-19.90%	27
Federation des caisses Desjardins du Quebec	Increased	12,773(+4.0%)	$1.4M	0.0%	-24.81%	27
Allworth Financial LP	Decreased	11,877(-0.1%)	$1.3M	0.0%	-12.81%	0
HUNTINGTON NATIONAL BANK	Increased	11,197(+6.3%)	$1.3M	0.0%	+8.91%	27
SIMPLEX TRADING, LLC	New	10,935	$1.2M	0.0%	-14.85%	35
CAPSTONE INVESTMENT ADVISORS, LLC	Decreased	10,758(-20.2%)	$1.2M	0.0%	-24.15%	0
Savant Capital, LLC	Increased	10,450(+8.0%)	$1.2M	0.0%	-11.92%	27
Beacon Pointe Advisors, LLC	Increased	10,366(+38.8%)	$1.2M	0.0%	-16.35%	33
Waverly Advisors, LLC	Decreased	10,019(-6.4%)	$1.1M	0.0%	-18.15%	0
Equitable Holdings, Inc.	Increased	9,796(+44.6%)	$1.1M	0.0%	-18.19%	34
BANCO BILBAO VIZCAYA ARGENTARIA, S.A.	Decreased	9,207(-69.6%)	$1M	0.0%	-6.24%	0
AXXCESS WEALTH MANAGEMENT, LLC	Increased	9,118(+110.2%)	$1M	0.0%	-12.06%	40
Farther Finance Advisors, LLC	Decreased	9,115(-16.1%)	$1M	0.0%	-18.49%	0
Empower Advisory Group, LLC	Decreased	8,715(-1.2%)	$977,649	0.0%	-20.87%	0
Vontobel Holding Ltd.	Increased	8,700(+17.4%)	$975,966	0.0%	-11.78%	29
KING LUTHER CAPITAL MANAGEMENT CORP	Decreased	7,822(-19.7%)	$877,472	0.0%	+1.27%	0
Integrated Wealth Concepts LLC	Decreased	7,606(-52.9%)	$853,230	0.0%	-19.84%	0
PANAGORA ASSET MANAGEMENT INC	Increased	7,419(+128.1%)	$832,263	0.0%	-11.15%	40
Man Group plc	Decreased	7,392(-98.0%)	$829,234	0.0%	-22.73%	0
JANE STREET GROUP, LLC	Decreased	7,185(-96.8%)	$806,014	0.0%	-24.15%	0
CLIFFORD SWAN INVESTMENT COUNSEL LLC	Increased	7,170(+8.6%)	$804,331	0.0%	+39.11%	27
TIAA TRUST, NATIONAL ASSOCIATION	Decreased	6,886(-2.0%)	$772,736	0.0%	-19.62%	0
IEQ CAPITAL, LLC	Decreased	6,741(-33.9%)	$756,273	0.0%	-12.75%	0
RWA WEALTH PARTNERS, LLC	Increased	6,232(+1.7%)	$699,106	0.0%	-19.95%	25
JOHNSON INVESTMENT COUNSEL INC	Decreased	5,902(-5.6%)	$662,046	0.0%	-4.77%	0
GREENLEAF TRUST	Increased	5,834(+1.7%)	$654,459	0.0%	-8.62%	25
ING GROEP NV	Decreased	5,535(-95.2%)	$620,916	0.0%	-24.15%	0
Cresset Asset Management, LLC	Decreased	5,355(-50.8%)	$600,700	0.0%	-11.30%	0
TCW GROUP INC	New	5,093	$571,333	0.0%	-14.85%	34
BALYASNY ASSET MANAGEMENT L.P.	Decreased	4,939(-80.5%)	$554,057	0.0%	-31.76%	0
BROWN BROTHERS HARRIMAN & CO	Increased	4,590(+45.6%)	$514,906	0.0%	-3.57%	33
M&T BANK CORP	Decreased	18,357(-83.6%)	$509,231	0.0%	+33.08%	0
FAYEZ SAROFIM & CO	Decreased	4,336(-4.1%)	$486,412	0.0%	-5.96%	0
Erste Asset Management GmbH	Decreased	4,252(-92.4%)	$484,728	0.0%	-27.40%	0
JACOBS LEVY EQUITY MANAGEMENT, INC	Increased	4,224(+9.4%)	$473,848	0.0%	-33.17%	26
Clearbridge Investments, LLC	Unchanged	4,000	$448,720	0.0%	+46.07%	0
MONETA GROUP INVESTMENT ADVISORS LLC	Decreased	3,799(-35.7%)	$426,162	0.0%	-10.60%	0
Fisher Asset Management, LLC	Increased	3,694(+41.5%)	$414,447	0.0%	-10.76%	32
Haverford Trust Co	Increased	3,556(+0.2%)	$398,912	0.0%	+2.92%	24
Clark Capital Management Group, Inc.	Decreased	3,361(-27.3%)	$377,037	0.0%	-20.42%	0
ABN AMRO Bank N.V.	New	3,263	$364,688	0.0%	-14.85%	33
Brevan Howard Capital Management LP	Decreased	3,202(-27.1%)	$359,200	0.0%	-31.76%	0
CULLEN/FROST BANKERS, INC.	Increased	3,034(+1.3%)	$340,358	0.0%	-4.87%	24
TD Waterhouse Canada Inc.	Decreased	2,948(-0.6%)	$330,677	0.0%	-20.67%	0
LGT Group Foundation	Increased	2,753(+12.0%)	$312,163	0.0%	-16.36%	26
FIRST MANHATTAN CO. LLC.	Increased	2,451(+9.7%)	$274,953	0.0%	+47.67%	26
SILVERCREST ASSET MANAGEMENT GROUP LLC	Decreased	2,283(-0.5%)	$256,107	0.0%	+36.17%	0
Financial Engines Advisors L.L.C.	New	2,277	$255,434	0.0%	-14.85%	32
ZACKS INVESTMENT MANAGEMENT	Decreased	2,091(-0.1%)	$234,568	0.0%	-33.36%	0
MATHER GROUP, LLC.	Decreased	2,055(-17.7%)	$230,536	0.0%	+35.26%	0
LOS ANGELES CAPITAL MANAGEMENT LLC	New	1,463	$171,507	0.0%	-14.85%	31
LOOMIS SAYLES & CO L P	Increased	808(+62.9%)	$90,641	0.0%	-18.36%	31
BNP Paribas Asset Management Holding S.A.	Increased	678,361(+269.2%)	$76,111	0.1%	-17.13%	34
PRICE T ROWE ASSOCIATES INC /MD/	Increased	644,089(+0.4%)	$72,255	0.0%	-10.24%	21
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC	Decreased	434(-99.4%)	$48,686	0.0%	-16.40%	0
Capula Management Ltd	Decreased	371(-87.0%)	$41,619	0.0%	-24.15%	0
IFM Investors Pty Ltd	Increased	63,494(+0.5%)	$7,123	0.1%	+3.35%	16
First Command Advisory Services, Inc.	Increased	42(+425.0%)	$4,712	0.0%	-19.45%	16
Magnetar Financial LLC	Exited	0(-100.0%)	$624,800	0.0%	-10.93%	0
LAZARD ASSET MANAGEMENT LLC	Exited	0(-100.0%)	$374,196	0.0%	+4.24%	0
Compagnie Lombard Odier SCmA	Exited	0(-100.0%)	$2.2M	0.0%	+1.17%	0
GREAT LAKES ADVISORS, LLC	Exited	0(-100.0%)	$212,450	0.0%	+26.30%	0
Bank Julius Baer & Co. Ltd, Zurich	Exited	0(-100.0%)	$58,989	0.0%	-15.73%	0
Marex Group plc	Exited	0(-100.0%)	$201,295	0.0%	-10.93%	0
CI INVESTMENTS INC.	Exited	0(-100.0%)	$2,095	0.0%	+1.49%	0
Holocene Advisors, LP	Exited	0(-100.0%)	$6.5M	0.0%	-10.93%	0
Varma Mutual Pension Insurance Co	Exited	0(-100.0%)	$8.7M	0.0%	-3.06%	0
Qube Research & Technologies Ltd	Exited	0(-100.0%)	$94.9M	0.0%	-10.93%	0
IMC-Chicago, LLC	Exited	0(-100.0%)	$4.9M	0.0%	-19.86%	0
XTX Topco Ltd	Exited	0(-100.0%)	$1.4M	0.0%	-10.93%	0
ExodusPoint Capital Management, LP	Exited	0(-100.0%)	$17.8M	0.0%	-19.86%	0
SCS Capital Management LLC	Exited	0(-100.0%)	$340,224	0.0%	-22.93%	0
Bridgewater Associates, LP	Exited	0(-100.0%)	$1.9M	0.0%	-10.93%	0
Alberta Investment Management Corp	Exited	0(-100.0%)	$329,576	0.0%	-10.93%	0
Parallax Volatility Advisers, L.P.	Exited	0(-100.0%)	$234,253	0.0%	-10.93%	0
PEAK6 LLC	Exited	0(-100.0%)	$5.9M	0.0%	-16.18%	0
TUDOR INVESTMENT CORP ET AL	Exited	0(-100.0%)	$34.4M	0.0%	-13.68%	0
Twin Tree Management, LP	Exited	0(-100.0%)	$2.5M	0.0%	-12.36%	0
Mawer Investment Management Ltd.	Exited	0(-100.0%)	$42.9M	0.0%	+59.22%	0
Kovitz Investment Group Partners, LLC	Exited	0(-100.0%)	$4.9M	0.0%	-11.51%	0
D. E. Shaw & Co., Inc.	Exited	0(-100.0%)	$47.8M	0.0%	-10.93%	0
Schonfeld Strategic Advisors LLC	Exited	0(-100.0%)	$2.4M	0.0%	-10.93%	0

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