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
↓ -107
Streak
3Q ▼
Buyers last Q
43%

Smart Money Signals — PAYC

Based on 597 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 — 81% of 3.0Y peak

81% of all-time peak
597 funds currently hold this stock — 81% of the 3.0-year high of 734 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
107 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

336 buying443 selling
Last quarter: 443 funds reduced or exited vs 336 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.
➡️

Steady new buyers — ~120 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 106 → 79 → 116 → 120. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

60% of holders stayed for 2+ years

■ 60% conviction (2yr+) ■ 20% medium ■ 20% new
358 out of 597 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 -9%, value -31%

Value
-31%
Shares
-8%
Last quarter: funds added -9% 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 → 106 → 79 → 116 → 120 new funds/Q
New funds entering each quarter: 106 → 79 → 116 → 120. 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 624 holders: 414 (66%) are 2+ year veterans, 74 entered 1–2 years ago, and 136 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
55 of 589 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
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, 336 hedge funds were net buyers of PAYC (120 opened a new position, 216 added to an existing one), while 443 reduced or exited (216 trimmed, 227 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 33% of total institutional value in PAYC is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -107 funds (more exits than new entries). Total institutional holders: 597.

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 Q1 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 March 31, 2026 · 78d ago
PAYC
+4.0%
XLK
+41.6%

PAYC outperformed XLK by -37.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
PAYC
-6.9%
XLK
+6.8%

Since the filing became public, PAYC outperformed XLK by -13.7% .

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
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: --

Market Cap --
Enterprise Value --
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Forward P/E --
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) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

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:
Top 25 PAYC holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sylebra Capital LLC 10.82% 689,045 $83.7M
2 Amiral Gestion 5.69% 84,206 $10.2M
3 Sovereign's Capital Management, LLC 3.90% 43,597 $5.3M
4 Reinhart Partners, LLC. 3.55% 1,015,715 $123.5M
5 Avory & Company, LLC 3.11% 19,762 $2.4M
6 Sather Financial Group Inc 2.32% 310,729 $37.8M
7 Intrinsic Value Partners, LLC 1.94% 20,720 $2.5M
8 Brown Capital Management LLC 1.80% 104,486 $12.7M
9 Berkeley, Inc 1.39% 34,081 $4.1M
10 Virtus Family Office LLC 1.35% 12,991 $1.6M
11 Lafayette Investments, Inc. 1.12% 45,308 $5.5M
12 Marathon Asset Management Ltd 1.04% 223,315 $27.1M
13 Loring Wolcott & Coolidge Fiduciary Advisors LLP/Ma 0.88% 769,647 $87.4M
14 Confluence Investment Management LLC 0.77% 407,747 $49.6M
15 River Road Asset Management, LLC 0.74% 539,223 $65.5M
16 PDT Partners, LLC 0.72% 100,222 $12.2M
17 RV Capital AG 0.70% 21,395 $2.7M
18 Aurora Investment Counsel 0.69% 10,230 $1.2M
19 Baader Bank Aktiengesellschaft 0.66% 69,500 $8.4M
20 Cascade Investment Advisors, Inc. 0.65% 8,987 $1.1M
21 Anchor Capital Advisors LLC 0.63% 183,231 $22.3M
22 VARCOV Co. 0.55% 12,222 $1.5M
23 Harris Associates L P 0.53% 3,257,774 $395.9M
24 Schaper Benz & Wise Investment Counsel Inc/Wi 0.51% 55,216 $6.7M
25 Sendero Wealth Management, LLC 0.51% 37,919 $4.6M
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: 443 funds reduced or exited vs 336 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?

Strong quality — 33% AUM from major funds: 55 of 589 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PAYC?

60% of holders stayed for 2+ years: 358 out of 597 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 Q1 hedge fund 13F filings?

As of today, PAYC has moved -6.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +6.8% for the XLK sector ETF — an outperformance of -13.7%. Since the quarter end (March 31, 2026), PAYC has gained +4.0% vs +41.6% 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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