Joel Greenblatt's PAYX Position Overview
Joel Greenblatt (via Gotham Asset Management, LLC) currently holds 158,611 shares of Paychex, Inc. (PAYX) worth $20.11 M, representing 0.09% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 50 quarters.
Based on 13F filings since 2013, Joel Greenblatt has maintained a long-term strategic position in PAYX, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2014, adding 567,358 shares. Largest reduction occurred in Q3 2014, reducing 587,973 shares.
Analysis based on 13F filings available since 2013 Q2
Joel Greenblatt's Paychex (PAYX) Holding Value Over Time
Track share changes against reported price movement
Quarterly Paychex (PAYX) Trades by Joel Greenblatt
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q2 2013 | +29,494 | Add 0.00% | 29,493 | $36.52 |
| Q3 2013 | -24,405 | Reduce 82.75% | 5,088 | $40.68 |
| Q4 2013 | -5,088 | Sold Out | 5,088 | $40.68 |
| Q1 2014 | +90,080 | New Buy | 90,080 | $42.60 |
| Q2 2014 | +567,358 | Add 629.84% | 657,438 | $41.56 |
| Q3 2014 | -587,973 | Reduce 89.43% | 69,465 | $44.19 |
| Q4 2014 | +62,665 | Add 90.21% | 132,130 | $46.17 |
| Q1 2015 | -132,130 | Sold Out | 132,130 | $46.17 |
| Q2 2015 | +169,987 | New Buy | 169,987 | $46.88 |
| Q3 2015 | -119,815 | Reduce 70.48% | 50,172 | $47.64 |
| Q4 2015 | -50,172 | Sold Out | 50,172 | $47.64 |
| Q1 2016 | +4,629 | New Buy | 4,629 | $54.01 |
| Q2 2016 | +22,450 | Add 484.99% | 27,079 | $59.49 |
| Q3 2016 | +17,694 | Add 65.34% | 44,773 | $57.87 |
| Q4 2016 | -27,416 | Reduce 61.23% | 17,357 | $60.90 |
| Q1 2017 | +251,061 | Add 1446.45% | 268,418 | $58.90 |
| Q2 2017 | +269,342 | Add 100.34% | 537,760 | $56.94 |
| Q3 2017 | -196,161 | Reduce 36.48% | 341,599 | $59.96 |
| Q4 2017 | -259,584 | Reduce 75.99% | 82,015 | $68.09 |
| Q1 2018 | +304,412 | Add 371.17% | 386,427 | $61.59 |
| Q2 2018 | +27,478 | Add 7.11% | 413,905 | $68.35 |
| Q3 2018 | +9,598 | Add 2.32% | 423,503 | $73.65 |
| Q4 2018 | -255,810 | Reduce 60.40% | 167,693 | $65.15 |
| Q1 2019 | +130,753 | Add 77.97% | 298,446 | $80.20 |
| Q2 2019 | +96,994 | Add 32.50% | 395,440 | $82.29 |
| Q3 2019 | -71,832 | Reduce 18.17% | 323,608 | $82.77 |
| Q4 2019 | -257,739 | Reduce 79.65% | 65,869 | $85.06 |
| Q1 2020 | +112,612 | Add 170.96% | 178,481 | $62.92 |
| Q2 2020 | +30,822 | Add 17.27% | 209,303 | $75.75 |
| Q3 2020 | -26,057 | Reduce 12.45% | 183,246 | $79.77 |
| Q4 2020 | -3,762 | Reduce 2.05% | 179,484 | $93.18 |
| Q1 2021 | -115,793 | Reduce 64.51% | 63,691 | $98.02 |
| Q2 2021 | +5,099 | Add 8.01% | 68,790 | $107.30 |
| Q3 2021 | +5,233 | Add 7.61% | 74,023 | $112.45 |
| Q4 2021 | -14,081 | Reduce 19.02% | 59,942 | $136.50 |
| Q1 2022 | -1,000 | Reduce 1.67% | 58,942 | $136.47 |
| Q2 2022 | +32,386 | Add 54.95% | 91,328 | $113.88 |
| Q3 2022 | -33,542 | Reduce 36.73% | 57,786 | $112.21 |
| Q4 2022 | -30,720 | Reduce 53.16% | 27,066 | $115.56 |
| Q1 2023 | +12,868 | Add 47.54% | 39,934 | $114.59 |
| Q2 2023 | +32,650 | Add 81.76% | 72,584 | $111.87 |
| Q3 2023 | -9,846 | Reduce 13.56% | 62,738 | $115.33 |
| Q4 2023 | -39,837 | Reduce 63.50% | 22,901 | $119.11 |
| Q1 2024 | +17,478 | Add 76.32% | 40,379 | $122.80 |
| Q2 2024 | +30,586 | Add 75.75% | 70,965 | $118.56 |
| Q3 2024 | -4,554 | Reduce 6.42% | 66,411 | $134.19 |
| Q4 2024 | +1,367 | Add 2.06% | 67,778 | $140.22 |
| Q1 2025 | +13,405 | Add 19.78% | 81,183 | $154.28 |
| Q2 2025 | +38,616 | Add 47.57% | 119,799 | $145.46 |
| Q3 2025 | +38,812 | Add 32.40% | 158,611 | $126.76 |
Joel Greenblatt's Paychex Investment FAQs
Joel Greenblatt first purchased Paychex, Inc. (PAYX) in Q2 2013, acquiring 29,493 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Joel Greenblatt has held Paychex, Inc. (PAYX) for 50 quarters since Q2 2013.
Joel Greenblatt's largest addition to Paychex, Inc. (PAYX) was in Q2 2014, adding 657,438 shares worth $27.32 M.
According to the latest 13F filing for Q3 2025, Joel Greenblatt's firm, Gotham Asset Management, LLC, owns 158,611 shares of Paychex, Inc. (PAYX), valued at approximately $20.11 M.
As of the Q3 2025 filing, Paychex, Inc. (PAYX) represents approximately 0.09% of Joel Greenblatt's publicly disclosed stock portfolio, making it one of their key holdings.
Joel Greenblatt's peak holding in Paychex, Inc. (PAYX) was 657,438 shares, as reported at the end of Q2 2014.