Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Paycom Software Inc (PAYC)

593 + Investors. Track Smart Money conviction in PAYC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -104
Streak
3Q ▼
Buyers last Q
43%

Smart Money Signals — PAYC

Based on 601 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their PAYC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 82% of 3.0Y peak

82% of all-time peak
601 funds currently hold this stock — 82% of the 3.0-year high of 735 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 15% fewer funds vs a year ago

fund count last 6Q
103 fewer hedge funds hold PAYC compared to a year ago (-15% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 43% buying

338 buying444 selling
Last quarter: 444 funds reduced or exited vs 338 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

More new buyers each quarter (+6 vs last Q)

new funds entering per quarter
Funds opening a new PAYC position: 107 → 79 → 116 → 122. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 20% medium ■ 20% new
359 out of 601 hedge funds have held PAYC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -8%, value -31%

Value
-31%
Shares
-8%
Last quarter: funds added -8% more shares while total portfolio value only changed -31%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📈

Growing discovery — still being found

99 → 107 → 79 → 116 → 122 new funds/Q
New funds entering each quarter: 107 → 79 → 116 → 122. A growing number of institutions are discovering PAYC each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 66% veterans vs 22% newcomers

■ 66% veterans ■ 12% 1-2yr ■ 22% new
Entry-cohort mix of 628 holders: 416 (66%) are 2+ year veterans, 74 entered 1–2 years ago, and 138 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 47% AUM from top-100 funds

47% from top-100 AUM funds
60 of 593 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in PAYC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.9
out of 10
Low Exit Risk
Exit risk score 2.9/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PAYC

In 2026 Q1, 338 hedge funds were net buyers of PAYC (122 opened a new position, 216 added to an existing one), while 444 reduced or exited (218 trimmed, 226 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 47% of total institutional value in PAYC is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -104 funds (more exits than new entries). Total institutional holders: 601.

Hedge Fund Ownership: PAYC

How many hedge funds hold PAYC — quarterly history vs. share price
Quarterly hedge fund ownership of PAYC vs. share price

Market Analysis: PAYC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PAYC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Paycom Software Inc (PAYC) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PAYC has moved relative to its sector benchmark (XLK) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 47d ago
PAYC
+73.6%
XLK
-0.3%

PAYC outperformed XLK by +73.9% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 2d ago
PAYC
+0.0%
XLK
+0.0%

Since the filing became public, PAYC outperformed XLK by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

42 top-rated funds 3 high-conviction
Consensus
7.1
/ 10
breadth
×
Elite
2.9
/ 10
conviction
Hedge Fund Positioning: PAYC
2026 Q2 Stats Unlock in 3 days 593 + Investors

Track Smart Money conviction in PAYC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 593 704 -15.77%
13F Shares 47M 51M -8.57%
Total Value $5.64B $8.23B -31.39%
New Positions 118 116 +2
Increased Positions 213 231 -18
Closed Positions 229 128 +101
Reduced Positions 205 271 -66
Total Calls 17 15 13.33%
Total Puts 17 12 41.67%
PUT/CALL Ratio 1.0 0.8 Neutral

Statistics: PAYC

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q2)

593 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PAYC. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 PAYC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sovereign's Capital Management, LLC 3.61% 42,938 $5.4M
2 Reinhart Partners, LLC. 3.50% 1,219,906 $153.3M
3 Sather Financial Group Inc 2.78% 384,736 $48.4M
4 Avory & Company, LLC 2.74% 17,467 $2.2M
5 Sylebra Capital LLC 2.11% 158,734 $19.9M
6 Intrinsic Value Partners, LLC 1.83% 21,310 $2.7M
7 Virtus Family Office LLC 1.42% 14,285 $1.8M
8 Brown Capital Management LLC 1.35% 53,823 $6.8M
9 Berkeley, Inc 1.30% 32,887 $4.1M
10 Lafayette Investments, Inc. 1.13% 48,733 $6.1M
11 Marathon Asset Management Ltd 0.93% 182,561 $22.9M
12 Loring Wolcott & Coolidge Fiduciary Advisors LLP/Ma 0.89% 726,250 $91.3M
13 Fluent Financial, LLC 0.87% 19,410 $2.4M
14 Confluence Investment Management LLC 0.74% 374,387 $47.1M
15 River Road Asset Management, LLC 0.73% 522,119 $65.6M
16 Equity Investment Corp 0.71% 295,071 $37.1M
17 RV Capital AG 0.70% 21,395 $2.7M
18 Cascade Investment Advisors, Inc. 0.69% 10,031 $1.3M
19 Aurora Investment Counsel 0.66% 10,232 $1.3M
20 Baader Bank Aktiengesellschaft 0.66% 69,500 $8.7M
21 Sendero Wealth Management, LLC 0.59% 47,214 $5.9M
22 Harris Associates L P 0.57% 3,397,446 $427.0M
23 PDT Partners, LLC 0.51% 77,774 $9.8M
24 Axxion S.A. 0.48% 53,850 $6.8M
25 VARCOV Co. 0.48% 10,076 $1.3M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Paycom Software Inc (PAYC)

What does the Smart Money Trend signal show for PAYC?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their PAYC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for PAYC?

More sellers than buyers — 43% buying: Last quarter: 444 funds reduced or exited vs 338 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for PAYC holders?

Elite ownership — 47% AUM from top-100 funds: 60 of 593 holders are among the 100 largest funds by AUM, controlling 47% of total institutional value in PAYC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held PAYC?

60% of holders stayed for 2+ years: 359 out of 601 hedge funds have held PAYC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Paycom Software Inc (PAYC) following the 2026 Q2 hedge fund 13F filings?

As of today, PAYC has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLK sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), PAYC has gained +73.6% vs -0.3% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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