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

Institutional Holders (2016Q4)
Portfolio Summary: 917 Institutional holders with a total value of $15,092,036,517.
#
Manager Name
Shares
Value ($)
%
Options
Notes
51 EATON VANCE MANAGEMENT 751,298 45,739,000 0.30%
52 Grantham, Mayo, Van Otterloo & Co. LLC 748,692 45,580,000 0.30%
53 CRAWFORD INVESTMENT COUNSEL INC 733,269 44,641,000 0.30%
54 WELCH & FORBES LLC 731,285 44,520,000 0.29%
55 RHUMBLINE ADVISERS 716,593 43,626,000 0.29%
56 BlackRock Investment Management, LLC 703,390 42,822,000 0.28%
57 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 670,927 40,846,000 0.27%
58 DISCIPLINED GROWTH INVESTORS INC /MN 641,485 39,054,000 0.26%
59 Neuberger Berman Group LLC 631,368 38,438,000 0.25%
60 CITIGROUP INC 625,660 38,090,000 0.25%
61 LOS ANGELES CAPITAL MANAGEMENT LLC 614,209 37,393,000 0.25%
62 PNC FINANCIAL SERVICES GROUP, INC. 611,824 37,248,000 0.25%
63 WADDELL & REED FINANCIAL INC 605,004 36,833,000 0.24%
64 PARAMETRIC PORTFOLIO ASSOCIATES LLC 587,656 35,776,000 0.24%
65 GW&K Investment Management, LLC 581,818 35,421,000 0.23%
66 BLAIR WILLIAM & CO/IL 569,872 34,694,000 0.23%
67 ALLIANCEBERNSTEIN L.P. 563,919 34,331,000 0.23%
68 Asset Management One Co., Ltd. 551,142 33,577,000 0.22%
69 MARATHON ASSET MANAGEMENT LLP 550,904 33,539,000 0.22%
70 AGF INVESTMENTS INC. 548,043 33,347,000 0.22%
71 HSBC HOLDINGS PLC 542,897 33,051,000 0.22%
72 Clearbridge Investments, LLC 530,980 32,326,000 0.21%
73 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 515,043 31,356,000 0.21%
74 CANADA LIFE ASSURANCE Co 500,541 30,579,000 0.20%
75 UNITED SERVICES AUTOMOBILE ASSOCIATION 495,767 30,182,000 0.20%
76 PRINCIPAL FINANCIAL GROUP INC 493,675 30,054,000 0.20%
77 Ardevora Asset Management LLP 479,700 29,204,000 0.19%
78 ADAGE CAPITAL PARTNERS GP, L.L.C. 458,846 27,935,000 0.19%
79 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 455,103 27,707,000 0.18%
80 BlackRock Japan Co. Ltd 454,284 27,657,000 0.18%
81 BAIRD FINANCIAL GROUP, INC. 452,753 27,564,000 0.18%
82 MANUFACTURERS LIFE INSURANCE COMPANY, THE 449,653 27,375,000 0.18%
83 PRUDENTIAL FINANCIAL INC 443,883 27,024,000 0.18%
84 J.P. Morgan Private Wealth Advisors LLC 443,132 26,978,000 0.18%
85 BLACKROCK ADVISORS LLC 439,695 26,769,000 0.18%
86 RAYMOND JAMES & ASSOCIATES 434,203 26,434,000 0.18%
87 Ensemble Capital Management, LLC 414,885 25,258,000 0.17%
88 Sabal Trust CO 414,198 25,217,000 0.17%
89 Andra AP-fonden 410,200 24,973,000 0.17%
90 Janney Capital Management LLC 408,776 24,886,000 0.16%
91 UMB Bank, n.a. 407,985 24,838,000 0.16%
92 Carlson Capital, L.P. 398,505 24,261,000 0.16%
93 BB&T SECURITIES, LLC 403,817 24,138,000 0.16%
94 Allianz Asset Management GmbH 392,966 23,924,000 0.16%
95 TEACHERS ADVISORS, LLC 391,570 23,839,000 0.16%
96 FIRST TRUST ADVISORS LP 389,848 23,734,000 0.16%
97 GRANDFIELD & DODD, LLC 386,798 23,548,000 0.16%
98 BARCLAYS PLC 384,282 23,395,000 0.16%
99 BANK OF MONTREAL /CAN/ 392,335 23,129,000 0.15%
100 BALYASNY ASSET MANAGEMENT L.P. 356,793 21,722,000 0.14%
Page 2 of 19

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.