Paychex, Inc.
US ˙ NasdaqGS ˙ US7043261079

SecurityPAYX / Paychex, Inc.
InstitutionLevel Four Advisory Services, Llc
Latest Disclosed Ownership4,307 shares
Latest Disclosed Value $ 396,770
Level Four Advisory Services, Llc reports 8.08% increase in ownership of PAYX / Paychex, Inc.

On May 14, 2026 - Level Four Advisory Services, Llc filed a 13F-HR form disclosing ownership of 4,307 shares of Paychex, Inc. (US:PAYX) valued at $396,761 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 3,985 shares of Paychex, Inc.. This represents a change in shares of 8.08% during the quarter. The current value of the position is $424,024 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F PAYCHEX COM 704326107 4,307 322 8.08 397 -11.41 0.0130
2026-02-13 2025-12-31 13F PAYCHEX COM 704326107 3,985 371 10.27 447 -2.40 0.0146
2025-11-12 2025-09-30 13F PAYCHEX COM 704326107 3,614 78 2.21 458 -10.89 0.0157
2025-08-13 2025-06-30 13F PAYCHEX COM 704326107 3,536 -48 -1.34 514 -7.05 0.0190
2025-05-14 2025-03-31 13F PAYCHEX COM 704326107 3,584 -11 -0.31 553 9.72 0.0227
2025-02-12 2024-12-31 13F PAYCHEX COM 704326107 3,595 250 7.47 504 8.15 0.0206
2024-11-14 2024-09-30 13F PAYCHEX COM 704326107 3,345 272 8.85 466 28.02 0.0196
2024-08-09 2024-06-30 13F PAYCHEX COM 704326107 3,073 -768 -19.99 364 -20.35 0.0164
2024-05-13 2024-03-31 13F PAYCHEX COM 704326107 3,841 0 0.00 457 0.00 0.0251
2024-02-08 2023-12-31 13F PAYCHEX COM 704326107 3,841 16 0.42 457 3.63 0.0257
2023-11-13 2023-09-30 13F PAYCHEX COM 704326107 3,825 -11 -0.29 441 2.80 0.0284
2023-07-10 2023-06-30 13F PAYCHEX COM 704326107 3,836 15 0.39 429 -1.83 0.0258
2023-06-05 2023-03-31 13F PAYCHEX COM 704326107 3,821 1,233 47.64 438 46.15 0.0287
2023-02-13 2022-12-31 13F PAYCHEX COM 704326107 2,588 578 28.76 299 32.30 0.0222
2022-11-07 2022-09-30 13F PAYCHEX COM 704326107 2,010 -44 -2.14 226 -3.42 0.0220
2022-08-08 2022-06-30 13F PAYCHEX COM 704326107 2,054 -494 -19.39 234 -32.76 0.0221
2022-05-10 2022-03-31 13F PAYCHEX COM 704326107 2,548 297 13.19 348 13.36 0.0273
2022-02-11 2021-12-31 13F PAYCHEX COM 704326107 2,251 2,251 307 0.0234
2021-10-12 2021-09-30 13F PAYCHEX COM 704326107 0 -3,380 -100.00 0 -100.00
2021-08-09 2021-06-30 13F PAYCHEX COM 704326107 3,380 -94 -2.71 363 6.76 0.0251
2021-05-10 2021-03-31 13F PAYCHEX COM 704326107 3,474 -258 -6.91 340 -2.30 0.0264
2021-02-10 2020-12-31 13F PAYCHEX COM 704326107 3,732 16 0.43 348 17.57 0.0279
2020-11-02 2020-09-30 13F PAYCHEX COM 704326107 3,716 0 0.00 296 4.59 0.0228
2020-08-17 2020-06-30 13F/A-1 PAYCHEX COM 704326107 3,716 3,716 283 0.0219
2020-05-13 2020-03-31 13F PAYCHEX COM 704326107 0 -2,378 -100.00 0 -100.00
2020-02-13 2019-12-31 13F PAYCHEX COM 704326107 2,378 2,378 203 0.0080
2019-11-12 2019-09-30 13F PAYCHEX COM 704326107 0 -2,584 -100.00 0 -100.00
2019-08-14 2019-06-30 13F PAYCHEX COM 704326107 2,584 -134 -4.93 213 -2.29 0.0215
2019-05-15 2019-03-31 13F PAYCHEX COM 704326107 2,718 -3,956 -59.27 218 -49.89 0.0240
2019-02-07 2018-12-31 13F PAYCHEX COM 704326107 6,674 -3,522 -34.54 435 -42.08 0.0542
2018-11-14 2018-09-30 13F PAYCHEX COM 704326107 10,196 497 5.12 751 13.27 0.0812
2018-08-14 2018-06-30 13F PAYCHEX COM 704326107 9,699 6,174 175.15 663 205.53 0.0483
2018-05-14 2018-03-31 13F PAYCHEX COM 704326107 3,525 26 0.74 217 -8.82 0.0168
2018-02-13 2017-12-31 13F PAYCHEX COM 704326107 3,499 23 0.66 238 14.42 0.0185
2018-04-03 2017-09-30 13F/A-1 PAYCHEX COM 704326107 3,476 -772 -18.17 208 -16.13 0.0184
2017-11-15 2017-09-30 13F PAYCHEX COM 704326107 3,556 -692 226
2017-09-20 2017-06-30 13F/A-1 PAYCHEX COM 704326107 4,248 -164 -3.72 248 -3.50 0.0382
2017-07-12 2017-06-30 13F PAYCHEX COM 704326107 4,248 -164 248
2017-09-20 2017-03-31 13F/A-1 PAYCHEX COM 704326107 4,412 4,412 257 0.0262
2017-05-15 2017-03-31 13F PAYCHEX COM 704326107 4,412 257
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.