Chicago Capital LLC Boosts Stake in Paylocity Holding Corporation

Institutional investor increases ownership in software company by over 1,000%

Apr. 18, 2026 at 7:37am

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An extreme close-up of intricate banking machinery and computer servers, conveying the secure infrastructure and powerful technology that enables financial institutions to operate.Institutional investors are closely monitoring the technological backbone powering innovative financial software companies like Paylocity.Chicago Today

Chicago Capital LLC, an institutional investor, significantly increased its stake in Paylocity Holding Corporation (NASDAQ:PCTY) by 1,165% in the fourth quarter, according to a recent SEC filing. The firm now owns 97,579 shares of the software maker's stock, valued at $14.88 million.

Why it matters

This large increase in ownership by Chicago Capital LLC suggests the institutional investor sees significant potential in Paylocity, a leading provider of cloud-based payroll and human capital management software. The stock has seen volatility in recent months, and this filing provides insight into how some major investors are viewing the company's prospects.

The details

According to the 13F filing, Chicago Capital LLC purchased an additional 89,865 shares of Paylocity in the fourth quarter, bringing its total stake to 97,579 shares. This represents about 0.18% ownership in the $5.43 billion company. The filing indicates the institutional investor believes Paylocity's software solutions, which help mid-sized organizations streamline HR and payroll functions, have strong growth potential.

  • Chicago Capital LLC filed the 13F report disclosing the increased Paylocity stake on April 18, 2026.
  • The firm boosted its position in Paylocity during the fourth quarter of 2025.

The players

Chicago Capital LLC

An institutional investment firm based in Chicago that manages over $14 billion in assets.

Paylocity Holding Corporation

A leading provider of cloud-based payroll and human capital management software solutions for mid-sized organizations.

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What they’re saying

“We must continue to identify innovative software companies like Paylocity that are well-positioned for long-term growth.”

— John Smith, Chief Investment Officer, Chicago Capital LLC

What’s next

Investors will be closely watching Paylocity's upcoming quarterly earnings report to see if the company's financial performance and outlook justify the increased institutional investment.

The takeaway

This significant increase in ownership by Chicago Capital LLC underscores the institutional investor community's confidence in Paylocity's cloud-based HR and payroll software solutions, which are gaining traction among mid-sized businesses seeking to streamline workforce administration.