London Co. of Virginia Reduces Stake in Paychex, Inc.

Hedge fund trims position in payroll and HR services provider

Mar. 17, 2026 at 10:06am

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London Co. of Virginia, a major institutional investor, reduced its stake in Paychex, Inc. (NASDAQ:PAYX) by 1.7% during the third quarter, according to a recent 13F filing with the SEC. The hedge fund still owns a significant position of 1,520,512 shares, worth approximately $192.7 million as of the end of the quarter.

Why it matters

Paychex is a leading provider of payroll, HR, and benefits services to small and medium-sized businesses. Institutional investors closely follow the company's performance, and changes in their holdings can signal broader market sentiment around the stock.

The details

According to the 13F filing, London Co. of Virginia sold 25,746 shares of Paychex during the third quarter, reducing its total position to 1,520,512 shares. The hedge fund now owns approximately 0.42% of Paychex's outstanding shares. Other major institutional investors in Paychex include Vanguard Group, State Street Corp, and Charles Schwab Investment Management.

  • London Co. of Virginia reduced its Paychex stake during the 3rd quarter of 2026.

The players

London Co. of Virginia

A major institutional investor and hedge fund that has a significant position in Paychex, Inc.

Paychex, Inc.

A provider of payroll, HR, and benefits outsourcing solutions for small and medium-sized businesses.

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The takeaway

The reduction in London Co. of Virginia's Paychex stake suggests the hedge fund may have a more cautious outlook on the company's near-term prospects, even as Paychex remains a major holding. Investors will likely continue to monitor institutional activity around Paychex as an indicator of broader market sentiment.