Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Paylocity Hldg Corp (PCTY)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -15
Streak
3Q ▼
Buyers last Q
52%

Smart Money Signals — PCTY

Based on 443 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 PCTY 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 — 92% of 3.0Y peak

92% of all-time peak
443 funds currently hold this stock — 92% of the 3.0-year high of 481 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding PCTY is almost the same as a year ago (-15 funds, -3% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 52% buying

259 buying235 selling
Last quarter: 259 funds bought or added vs 235 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-7 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 81 → 66 → 78 → 71. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 19% medium ■ 20% new
270 out of 443 hedge funds have held PCTY 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 +6%, value -33%

Value
-33%
Shares
+6%
Last quarter: funds added +6% more shares while total portfolio value only changed -33%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~71 new funds/quarter

84 → 81 → 66 → 78 → 71 new funds/Q
New funds entering each quarter: 81 → 66 → 78 → 71. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 67% veterans vs 24% newcomers

■ 67% veterans ■ 9% 1-2yr ■ 24% new
Entry-cohort mix of 454 holders: 303 (67%) are 2+ year veterans, 41 entered 1–2 years ago, and 110 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 41% AUM from top-100 funds

41% from top-100 AUM funds
57 of 440 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in PCTY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.1
out of 10
Low Exit Risk
Exit risk score 3.1/10 — 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 — PCTY

In 2026 Q1, 259 hedge funds were net buyers of PCTY (71 opened a new position, 188 added to an existing one), while 235 reduced or exited (149 trimmed, 86 sold completely) — a 52% buyer ratio, indicating a slight buying edge. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 41% of total institutional value in PCTY is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -15 funds (more exits than new entries). Total institutional holders: 443.

Hedge Fund Ownership: PCTY

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

Market Analysis: PCTY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PCTY

-- --

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

Is It Too Late to Buy Paylocity Hldg Corp (PCTY) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PCTY 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 · 86d ago
PCTY
-3.9%
XLK
+37.9%

PCTY outperformed XLK by -41.8% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 41d ago
PCTY
-3.1%
XLK
+4.0%

Since the filing became public, PCTY outperformed XLK by -7.1% .

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 ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

35 top-rated funds 1 high-conviction
Consensus
6.8
/ 10
breadth
×
Elite
1.2
/ 10
conviction
Hedge Fund Positioning: PCTY
442 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 442 458 -3.49%
13F Shares 45M 42M 6.43%
Total Value $4.20B $6.28B -33.16%
New Positions 70 78 -8
Increased Positions 185 165 +20
Closed Positions 86 92 -6
Reduced Positions 148 173 -25
Total Calls 9 4 125.0%
Total Puts 5 3 66.67%
PUT/CALL Ratio 0.56 0.75 Bullish

Statistics: PCTY

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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) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

442 + investors

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

QUARTER:
Top 25 PCTY holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Sovereign's Capital Management, LLC 2.20% 27,695 $3.0M
2 Summit Creek Advisors LLC 1.89% 85,343 $9.2M
3 Ranger Investment Management, L.P. 1.43% 182,925 $19.8M
4 Liontrust Investment Partners LLP 1.38% 609,746 $93.0M
5 Riverbridge Partners LLC 1.22% 462,019 $49.9M
6 Bell Asset Management Ltd 1.04% 32,635 $3.5M
7 Dockside LLC 0.87% 31,926 $3.4M
8 VARCOV Co. 0.84% 20,931 $2.3M
9 Wasatch Advisors LP 0.58% 808,012 $87.3M
10 Alamar Capital Management, LLC 0.56% 8,553 $924K
11 Buckland Partners Management Co LLC 0.44% 6,700 $724K
12 Invenomic Capital Management LP 0.43% 85,938 $9.3M
13 Bronte Capital Management Pty Ltd. 0.39% 36,611 $4.0M
14 Engineers Gate Manager LP 0.35% 260,994 $28.2M
15 Keeler Thomas Management LLC 0.34% 7,352 $794K
16 Trillium Asset Management, LLC 0.33% 88,349 $9.9M
17 Granite Investment Partners, LLC 0.31% 47,320 $5.1M
18 Nicholas Company, INC. 0.30% 141,893 $15.3M
19 Fieldview Capital Management, LLC 0.26% 8,306 $897K
20 Yorktown Management & Research Co Inc 0.25% 2,800 $303K
21 Nebula Research & Development LLC 0.24% 15,842 $2.9M
22 Fox Run Management, L.L.C. 0.24% 12,704 $1.4M
23 Dynamic Technology Lab Private Ltd 0.24% 13,526 $1.5M
24 AlphaQuest LLC 0.22% 26,159 $4.0M
25 Oak Thistle LLC 0.21% 20,466 $2.2M
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 — Paylocity Hldg Corp (PCTY)

What does the Smart Money Trend signal show for PCTY?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their PCTY 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 PCTY?

Slight buying edge — 52% buying: Last quarter: 259 funds bought or added vs 235 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PCTY holders?

Elite ownership — 41% AUM from top-100 funds: 57 of 440 holders are among the 100 largest funds by AUM, controlling 41% of total institutional value in PCTY. 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 PCTY?

61% of holders stayed for 2+ years: 270 out of 443 hedge funds have held PCTY 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 Paylocity Hldg Corp (PCTY) following the 2026 Q1 hedge fund 13F filings?

As of today, PCTY has moved -3.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.0% for the XLK sector ETF — an outperformance of -7.1%. Since the quarter end (March 31, 2026), PCTY has gained -3.9% vs +37.9% 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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