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PAYCHEX INC
PAYCHEX INC. Institutional holdings reported to the SEC.

Institutional Holders (2014Q1)
Portfolio Summary: 738 Institutional holders with a total value of $10,407,970,961.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 FMR LLC 20,333,513 866,207,000 8.32%
2 VANGUARD GROUP INC 16,692,493 711,100,000 6.83%
3 Bank of New York Mellon Corp 14,041,025 598,146,000 5.75%
4 BANK OF AMERICA CORP /DE/ 13,759,936 586,173,000 5.63%
5 STATE STREET CORP 13,112,628 558,604,000 5.37%
6 BlackRock Institutional Trust Company, N.A. 8,746,387 372,596,000 3.58%
7 Capital World Investors 8,238,182 350,947,000 3.37%
8 WELLS FARGO & COMPANY/MN 7,828,116 333,475,000 3.20%
9 AMERICAN INTERNATIONAL GROUP, INC. 6,576,457 280,157,084 2.69%
10 Invesco Ltd. 6,541,012 278,648,000 2.68%
11 BlackRock Fund Advisors 5,505,090 234,517,000 2.25%
12 NORTHERN TRUST CORP 5,294,821 225,559,000 2.17%
13 MANAGED ACCOUNT ADVISORS LLC 3,849,635 163,994,000 1.58%
14 APG Asset Management N.V. 3,485,805 148,495,000 1.43%
15 BlackRock Group LTD 2,793,684 119,011,000 1.14%
16 GEODE CAPITAL MANAGEMENT, LLC 2,517,695 107,209,000 1.03%
17 NORGES BANK 2,507,914 106,837,000 1.03%
18 JANUS HENDERSON INVESTORS US LLC 2,426,292 103,360,000 0.99%
19 JPMORGAN CHASE & CO 2,389,621 101,797,000 0.98%
20 Select Equity Group, L.P. 2,318,666 98,775,172 0.95%
21 Swiss National Bank 2,194,803 93,499,000 0.90%
22 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 2,091,385 89,093,000 0.86%
23 MCDONALD CAPITAL INVESTORS INC/CA 2,019,930 86,049,000 0.83%
24 WELLINGTON MANAGEMENT GROUP LLP 1,997,465 85,092,000 0.82%
25 GOLDMAN SACHS GROUP INC 1,912,571 81,475,000 0.78%
26 SCHRODER INVESTMENT MANAGEMENT GROUP 1,420,586 60,516,964 0.58%
27 Legal & General Group Plc 1,407,499 59,960,000 0.58%
28 AMERIPRISE FINANCIAL INC 1,396,858 59,481,000 0.57%
29 LONDON CO OF VIRGINIA 1,371,021 58,405,000 0.56%
30 MORGAN STANLEY 1,306,713 55,665,000 0.53%
31 CREDIT SUISSE AG/ 1,281,703 54,600,000 0.52%
32 DEUTSCHE BANK AG\ 1,151,115 49,033,000 0.47%
33 TIAA CREF INVESTMENT MANAGEMENT LLC 1,107,279 47,170,000 0.45%
34 HSBC HOLDINGS PLC 1,095,217 46,626,000 0.45%
35 GATEWAY INVESTMENT ADVISERS LLC 1,093,812 46,596,000 0.45%
36 CITY NATIONAL BANK 1,008,019 42,942,000 0.41%
37 Capital Research Global Investors 1,000,000 42,600,000 0.41%
38 Winton Capital Management Ltd 995,716 42,418,000 0.41%
39 SG Americas Securities, LLC 977,449 41,639,000 0.40%
40 GUGGENHEIM CAPITAL LLC 930,718 39,649,000 0.38%
41 BAHL & GAYNOR INC 929,146 39,582,000 0.38%
42 Sumitomo Mitsui Trust Group, Inc. 913,305 38,907,000 0.37%
43 NEW YORK STATE COMMON RETIREMENT FUND 912,596 38,877,000 0.37%
44 BlackRock Finance, Inc. 912,012 38,852,000 0.37%
45 WELCH & FORBES LLC 894,317 38,098,000 0.37%
46 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 916,489 37,850,000 0.36%
47 Select Equity Group, L.P. 850,000 36,210,000 0.35% Call
48 FRANKLIN RESOURCES INC 834,399 35,545,000 0.34%
49 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 824,344 35,118,000 0.34%
50 REGIONS FINANCIAL CORP 822,014 35,017,000 0.34%
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From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.