PAYX · Paychex Inc · Holdings

$118.09 +2.29 (+1.98%)

S&P 500 member Nasdaq-100 member Russell 1000 member Rebalance outlook locked

Market Cap

$41.19B

355.68M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Quarter:

Holders: 1,541

Total Value: $29,472,719,883

Total Shares: 299,738,335

Showing 1–100 of 1,573 holdings by value · page 1 of 16

Institutional Ownership Trend

26 quarters

Superinvestors Holding PAYX

All superinvestors →

Joel Greenblatt $74,447,412 Christopher Bloomstran $20,810,561 Thomas Gayner $14,749,500

Holder Concentration

Across 1,541 13F filers · Δ vs Mar 31, 2026

Top Holder

9.6%

−0.7 pts

Top 5

35.8%

−1.5 pts

Top 10

51.2%

+1.5 pts

HHI

353

Broadly held−10

Quarterly Activity

vs Mar 31, 2026

New

155

Increased

636

Decreased

548

Sold Out

137

Unchanged

202

Holder count: +18

Institutional value: +9.9%

Shares held: +3.0%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mega Invesco Ltd.	+7,789,747	13,040,655
Mega VICTORY CAPITAL MANAGEMENT INC	+1,341,349	2,741,215
Mega MORGAN STANLEY	+1,242,795	6,540,823
Mega MILLENNIUM MANAGEMENT LLC	+1,158,345	2,474,624
Mega AQR CAPITAL MANAGEMENT LLC	+1,127,817	2,040,389

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mega AMERIPRISE FINANCIAL INC	−1,623,732	392,986
Large Select Equity Group, L.P.	−1,349,858	2,320,215
Mega Capital International Investors	−1,108,241	28,840,445
Large RENAISSANCE TECHNOLOGIES LLC	−947,700	218,501
Mega NEUBERGER BERMAN GROUP LLC	−791,017	236,105

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Mega NORGES BANK	2,131,253	$209,566,107
Small SEMPER AUGUSTUS INVESTMENTS GROUP LLC	211,640	$20,810,561
Mid CORDA Investment Management, LLC.	177,460	$17,449,641
Large Freestone Grove Partners LP	140,420	$13,807,498
Mid Waratah Capital Advisors Ltd.	134,023	$13,178,481

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Mega Capital Research Global Investors	2,098,312	$193,296,501
Large VOLORIDGE INVESTMENT MANAGEMENT, LLC	988,820	$91,090,098
Mid WEDGE CAPITAL MANAGEMENT L L P/NC	563,967	$51,952,640
Large Epoch Investment Partners, Inc.	516,948	$47,621,249
Mega Capital World Investors	440,000	$40,532,800

Filter: New 155 Increased 636 Reduced 548 Sold out 137 Unchanged 202

Showing 100 of 1,573

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Capital International Investors

$2,835,880,956

9.62%

28,840,445

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	28,840,445	$2,835,880,956	100.0%	Defined

BlackRock, Inc.

$2,728,969,982

9.26%

27,753,178

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BLACKROCK FINANCIAL MANAGEMENT INC/DE	677,464	$66,615,035	2.4%	Sole
BlackRock Investment Management (Australia) Ltd	286,506	$28,172,134	1.0%	Sole
BlackRock Asset Management Canada Ltd	291,609	$28,673,912	1.1%	Sole
BLACKROCK (SINGAPORE) LTD.	26,804	$2,635,637	0.1%	Sole
BlackRock Asset Management North Asia Ltd	57,545	$5,658,399	0.2%	Sole
BlackRock Investment Management, LLC	571,836	$56,228,633	2.1%	Sole
BLACKROCK ADVISORS LLC	186,911	$18,378,958	0.7%	Sole
BlackRock Fund Advisors	12,258,000	$1,205,329,140	44.2%	Sole
BlackRock Institutional Trust Company, N.A.	6,491,691	$638,327,976	23.4%	Sole
BlackRock Japan Co. Ltd	333,342	$32,777,518	1.2%	Sole
BlackRock Fund Managers Ltd.	396,121	$38,950,577	1.4%	Sole
BlackRock Investment Management (UK) Ltd.	439,962	$43,261,463	1.6%	Sole
BlackRock (Netherlands) B.V.	827,434	$81,361,585	3.0%	Sole
BlackRock Asset Management Ireland Ltd	3,416,620	$335,956,244	12.3%	Sole
BlackRock Advisors (UK) Ltd	16,090	$1,582,129	0.1%	Sole
BlackRock Asset Management Deutschland AG	97,628	$9,599,761	0.4%	Sole
BlackRock (Luxembourg) S.A.	20,035	$1,970,041	0.1%	Sole
BlackRock Life Ltd	63,190	$6,213,472	0.2%	Sole
BlackRock Asset Management Schweiz AG	11,747	$1,155,082	0.0%	Sole
Aperio Group, LLC	1,129,864	$111,099,527	4.1%	Sole
SpiderRock Advisors, LLC	152,779	$15,022,759	0.6%	Sole

VANGUARD CAPITAL MANAGEMENT LLC

$2,068,931,047

7.02%

21,040,690

VANGUARD PORTFOLIO MANAGEMENT LLC

$1,502,257,715

5.10%

15,277,715

STATE STREET CORP

$1,417,067,160

4.81%

14,411,341

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STATE STREET GLOBAL ADVISORS (JAPAN) CO., LTD. joint	14,411,341	$1,417,067,160	100.0%	Defined

Invesco Ltd.

$1,282,287,601

4.35%

13,040,655

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Advisers, Inc. joint	397,897	$39,125,210	3.1%	Defined
Invesco Trust Co joint	131,641	$12,944,259	1.0%	Defined
Invesco Management S.A.	6,076	$597,453	0.0%	Defined
Invesco Asset Management (Japan) Limited joint	8,184	$804,732	0.1%	Defined
Invesco Investment Advisers LLC	31,645	$3,111,652	0.2%	Defined
Invesco Capital Management LLC	12,465,212	$1,225,704,295	95.6%	Defined

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$1,022,846,063

3.47%

10,402,177

GEODE CAPITAL MANAGEMENT, LLC

$1,007,885,449

3.42%

10,250,030

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	1,056,550	$103,890,561	10.3%	Defined
Held directly	9,193,480	$903,994,888	89.7%	Defined

MORGAN STANLEY

$643,159,117

2.18%

6,540,823

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	3,051	$300,004	0.0%	Defined
MORGAN STANLEY & CO. LLC	527,354	$51,854,718	8.1%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	1,455,726	$143,141,537	22.3%	Defined
MORGAN STANLEY AIP GP LP	83	$8,161	0.0%	Defined
MORGAN STANLEY INVESTMENT MANAGEMENT INC	15,269	$1,501,400	0.2%	Defined
Morgan Stanley Investment Management LTD	3,975	$390,861	0.1%	Defined
MORGAN STANLEY SMITH BARNEY LLC	787,563	$77,441,068	12.0%	Defined
Morgan Stanley Bank, N.A.	32,500	$3,195,725	0.5%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	3,387,054	$333,049,019	51.8%	Defined
EATON VANCE MANAGEMENT	169,950	$16,711,183	2.6%	Defined
Calvert Research & Management	81,409	$8,004,946	1.2%	Defined
BOSTON MANAGEMENT & RESEARCH	76,889	$7,560,495	1.2%	Defined

FEDERATED HERMES, INC.

$578,354,247

1.96%

5,881,768

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FEDERATED INVESTMENT COUNSELING	1,630,558	$160,332,768	27.7%	Defined
FEDERATED EQUITY MANAGEMENT CO OF PENNSYLVANIA	4,251,210	$418,021,479	72.3%	Defined

GOLDMAN SACHS GROUP INC

$454,232,581

1.54%

4,619,471

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	789,634	$77,644,711	17.1%	Defined
GOLDMAN SACHS ASSET MANAGEMENT, L.P.	3,799,665	$373,621,059	82.3%	Defined
GOLDMAN SACHS INTERNATIONAL	7,268	$714,662	0.2%	Defined
GOLDMAN SACHS WEALTH SERVICES, L.P.	3,209	$315,540	0.1%	Defined
Goldman Sachs Trust Company, N.A.	19,695	$1,936,609	0.4%	Defined

BANK OF AMERICA CORP /DE/

$434,060,672

1.47%

4,414,326

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK OF AMERICA NA	1,012,883	$99,596,785	22.9%	Defined
MERRILL LYNCH, PIERCE, FENNER & SMITH INC.	468,347	$46,052,560	10.6%	Defined
BOFA SECURITIES, INC.	56,200	$5,526,146	1.3%	Defined
MERRILL LYNCH INTERNATIONAL	29,401	$2,891,000	0.7%	Defined
U.S. TRUST Co OF DELAWARE	5,014	$493,026	0.1%	Defined
MANAGED ACCOUNT ADVISORS LLC joint	2,804,454	$275,761,961	63.5%	Defined
BofA Securities Europe SA	38,027	$3,739,194	0.9%	Defined

NORTHERN TRUST CORP

$393,955,404

1.34%

4,006,462

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	2,885,093	$283,691,193	72.0%	Defined
NORTHERN TRUST GLOBAL INVESTMENTS LTD	743,266	$73,085,344	18.6%	Defined
Northern Trust Asset Management Australia Pty Ltd	324,376	$31,895,892	8.1%	Defined
Northern Trust Co of Hong Kong Ltd	39,246	$3,859,059	1.0%	Defined
DWS INVESTMENT MANAGEMENT AMERICAS, INC joint	14,481	$1,423,916	0.4%	Other
Green Century Capital Management, Inc. joint	0	$0	0.0%	Other

WELLS FARGO & COMPANY/MN

$378,790,167

1.29%

3,852,234

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO BANK N A	130,064	$12,789,193	3.4%	Defined
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	1,451,339	$142,710,163	37.7%	Defined
WELLS FARGO CLEARING SERVICES, LLC	2,217,470	$218,043,825	57.6%	Defined
Wells Fargo Securities, LLC	26,729	$2,628,262	0.7%	Defined
WELLS FARGO INVESTMENT INSTITUTE, INC.	26,632	$2,618,724	0.7%	Defined

FIRST TRUST ADVISORS LP

$330,987,924

1.12%

3,366,093

UBS Group AG

$324,842,199

1.10%

3,303,592

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	374,126	$36,787,809	11.3%	Defined
UBS AG	2,495,469	$245,379,466	75.5%	Defined
UBS Switzerland AG	433,997	$42,674,924	13.1%	Defined

JPMORGAN CHASE & CO

$279,151,684

0.95%

2,838,927

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Trust Co of Delaware	3,071	$301,970	0.1%	Other
JPMorgan Chase Bank, N.A.	286,176	$28,139,684	10.1%	Other
J.P. Morgan Investment Management Inc.	528,992	$52,015,783	18.6%	Defined
J.P. Morgan Securities LLC	1,411,234	$138,766,639	49.7%	Defined
J.P. Morgan Securities plc	273,414	$26,884,798	9.6%	Defined
JPMorgan Asset Management (UK) Ltd	22,613	$2,223,536	0.8%	Defined
JPMorgan Asset Management (Asia Pacific) Ltd	3,750	$368,737	0.1%	Defined
55I, LLC	5,149	$506,300	0.2%	Other
J.P. Morgan SE	164,912	$16,215,796	5.8%	Defined
J.P. MORGAN MANSART MANAGEMENT Ltd	139,616	$13,728,441	4.9%	Defined

ENVESTNET ASSET MANAGEMENT INC

$271,784,513

0.92%

2,764,004

VICTORY CAPITAL MANAGEMENT INC

$269,543,670

0.91%

2,741,215

DIMENSIONAL FUND ADVISORS LP

$266,128,078

0.90%

2,706,479

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Dimensional Fund Advisors Ltd.	25,008	$2,459,036	0.9%	Defined
DFA Australia Ltd.	187,794	$18,465,784	6.9%	Defined
Dimensional Fund Advisors Pte. Ltd.	7,317	$719,480	0.3%	Defined
Dimensional Ireland Ltd	196,007	$19,273,368	7.2%	Defined
Held directly	2,290,353	$225,210,410	84.6%	Sole

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

$262,487,014

0.89%

2,669,450

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Group AG	205,810	$20,237,297	7.7%	Defined
UBS Asset Management Switzerland AG	1,065,568	$104,777,300	39.9%	Defined
UBS Asset Management (UK) Ltd.	882,845	$86,810,148	33.1%	Defined
UBS Asset Management Life Ltd.	27,781	$2,731,705	1.0%	Defined
Held directly	487,446	$47,930,564	18.3%	Defined

MILLENNIUM MANAGEMENT LLC

$229,071,927

0.78%

2,329,624

Select Equity Group, L.P.

$228,146,740

0.77%

2,320,215

NORGES BANK

$209,566,107

0.71%

2,131,253

Legal & General Group Plc

$207,184,357

0.70%

2,107,031

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Legal & General Investment Management America Inc	827,526	$81,370,631	39.3%	Defined
Legal & General Investment Management Ltd joint	1,279,505	$125,813,726	60.7%	Defined

STIFEL FINANCIAL CORP

$201,134,011

0.68%

2,045,500

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STIFEL NICOLAUS & CO INC \MO\	2,007,446	$197,392,165	98.1%	Defined
EquityCompass Investment Management	8,824	$867,663	0.4%	Defined
Stifel Independent Advisors, LLC	7,490	$736,491	0.4%	Defined
1919 Investment Counsel, LLC	8,508	$836,591	0.4%	Defined
Stifel Trust Company, N.A.	9,330	$917,418	0.5%	Defined
Washington Crossing Advisers LLC	1,370	$134,712	0.1%	Defined
Held directly	2,532	$248,971	0.1%	Defined

AQR CAPITAL MANAGEMENT LLC

$200,631,448

0.68%

2,040,389

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
KEB ASSET MANAGEMENT, LLC	131	$12,881	0.0%	Other
RF&L WEALTH MANAGEMENT, LLC	49	$4,818	0.0%	Other
Prism Planning Partners LLC	364	$35,792	0.0%	Other
Compound Planning, Inc.	185	$18,191	0.0%	Other
Arax Advisory Partners	13,219	$1,299,824	0.6%	Other
HALBERT HARGROVE GLOBAL ADVISORS, LLC	10,674	$1,049,574	0.5%	Other
Stokes Family Office, LLC	2,318	$227,928	0.1%	Other
Held directly	2,013,449	$197,982,440	98.7%	Defined

Bank of New York Mellon Corp

$193,554,926

0.66%

1,968,422

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BNY Mellon Trust of Delaware joint	5,169	$508,266	0.3%	Defined
Mellon Investments Corporation joint	992,901	$97,631,953	50.4%	Defined
BNY Mellon Investment Adviser, Inc.	21,865	$2,149,985	1.1%	Defined
The Bank of New York Mellon	586,692	$57,689,424	29.8%	Defined
BNY Mellon, NA joint	186,991	$18,386,824	9.5%	Defined
BNY Mellon Advisors, Inc.	62,429	$6,138,643	3.2%	Defined
Newton Investment Management North America, LLC joint	112,373	$11,049,635	5.7%	Defined
Held directly	2	$196	0.0%	Defined

Guinness Asset Management LTD

$182,556,233

0.62%

1,856,567

VANGUARD FIDUCIARY TRUST CO

$178,031,774

0.60%

1,810,554

RAYMOND JAMES FINANCIAL INC

$173,934,165

0.59%

1,768,882

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RAYMOND JAMES & ASSOCIATES	1,510,522	$148,529,628	85.4%	Defined
Raymond James Financial Services Advisors, Inc.	186,872	$18,375,123	10.6%	Defined
EAGLE ASSET MANAGEMENT INC	5,147	$506,104	0.3%	Defined
RAYMOND JAMES TRUST N.A.	66,341	$6,523,310	3.8%	Defined

FMR LLC

$162,824,350

0.55%

1,655,897

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fidelity Management & Research Co LLC	215,979	$21,237,215	13.0%	Defined
STRATEGIC ADVISERS LLC	1,439,303	$141,526,663	86.9%	Defined
FIAM LLC	184	$18,092	0.0%	Defined
Fidelity Diversifying Solutions LLC	431	$42,380	0.0%	Defined

Amundi

$153,588,311

0.52%

1,561,968

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Amundi Asset Management joint	1,392,214	$136,896,401	89.1%	Defined
CPR Asset Management	169,754	$16,691,910	10.9%	Defined

DEUTSCHE BANK AG\

$150,710,778

0.51%

1,532,704

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Deutsche Bank Trust Co Americas	5,396	$530,588	0.4%	Defined
DWS Investment GmbH	19,555	$1,922,843	1.3%	Defined
DWS INVESTMENT MANAGEMENT AMERICAS, INC	232,073	$22,819,738	15.1%	Defined
DEUTSCHE BANK NATIONAL TRUST Co	942	$92,626	0.1%	Defined
Deutsche Bank Trust Co Delaware	124	$12,192	0.0%	Defined
DEUTSCHE BANK TRUST COMPANY, NATIONAL ASSOCIATION	633	$62,242	0.0%	Defined
DWS Investments UK Ltd	1,023,278	$100,618,925	66.8%	Defined
DBX Advisors LLC	31,356	$3,083,235	2.0%	Defined
Deutsche Bank S.p.A	4,230	$415,935	0.3%	Defined
DWS Investments Hong Kong Ltd	15,834	$1,556,957	1.0%	Defined
DWS International GmbH	199,283	$19,595,497	13.0%	Defined

LPL Financial LLC

$147,835,811

0.50%

1,503,466

LONDON CO OF VIRGINIA

$130,425,501

0.44%

1,326,406

Pacer Advisors, Inc.

$128,772,968

0.44%

1,309,600

ROYAL BANK OF CANADA

$117,917,726

0.40%

1,199,204

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Global Asset Management Inc.	33,570	$3,300,938	2.8%	Defined
RBC CMA LTD.	7,168	$704,829	0.6%	Defined
RBC Capital Markets, LLC	661,997	$65,094,165	55.2%	Defined
RBC Dominion Securities Inc.	239,514	$23,551,411	20.0%	Defined
RBC Private Counsel (USA) Inc.	389	$38,250	0.0%	Defined
RBC Trust Co (Delaware) Ltd	3,593	$353,299	0.3%	Defined
CITY NATIONAL BANK	21,901	$2,153,525	1.8%	Defined
RBC Rochdale, LLC	169,965	$16,712,658	14.2%	Defined
Held directly	61,107	$6,008,651	5.1%	Sole

Hamlin Capital Management, LLC

$117,678,492

0.40%

1,196,771

PNC FINANCIAL SERVICES GROUP, INC.

$103,641,094

0.35%

1,054,013

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PNC Bank, National Association	1,019,666	$100,263,756	96.7%	Defined
PNC Delaware Trust Company	5,329	$523,999	0.5%	Defined
PNC Ohio Trust Company	2,914	$286,533	0.3%	Defined
PNC Wealth Management LLC	26,104	$2,566,806	2.5%	Defined

Nuveen, LLC

$99,578,298

0.34%

1,012,695

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Nuveen Asset Management, LLC joint	67,166	$6,604,432	6.6%	Defined
TIAA CREF INVESTMENT MANAGEMENT LLC joint	363,789	$35,771,372	35.9%	Defined
TEACHERS ADVISORS, LLC joint	581,740	$57,202,494	57.4%	Defined

MARSHALL WACE, LLP

$95,466,433

0.32%

970,878

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Marshall Wace North America L.P. joint	970,878	$95,466,433	100.0%	Other

CONFLUENCE INVESTMENT MANAGEMENT LLC

$93,651,850

0.32%

952,424

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Manager 2	2,815	$276,798	0.3%	Defined
Held directly	949,609	$93,375,052	99.7%	Sole

Swiss National Bank

$89,431,135

0.30%

909,500

Swiss Life Asset Management Ltd

$87,365,713

0.30%

888,495

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Swiss Life Asset Managers France	43,613	$4,288,466	4.9%	Defined
Held directly	844,882	$83,077,247	95.1%	Sole

Sumitomo Mitsui Trust Group, Inc.

$80,514,767

0.27%

818,822

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Amova Asset Management Co., Ltd.	818,822	$80,514,767	100.0%	Defined

HSBC HOLDINGS PLC

$80,124,885

0.27%

814,857

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
HSBC Bank USA, N.A.	105,399	$10,363,883	12.9%	Defined
HSBC Global Asset Management (Hong Kong) Ltd	1,428	$140,415	0.2%	Defined
HSBC Global Asset Management (UK) Ltd	435,726	$42,844,937	53.5%	Defined
HSBC Trinkaus & Burkhardt AG, Germany	58,041	$5,707,171	7.1%	Defined
Hang Seng Investment Management Ltd	3,520	$346,121	0.4%	Defined
HSBC BANK PLC	141,614	$13,924,904	17.4%	Defined
HSBC GLOBAL ASSET MANAGEMENT (DEUTSCHLAND) GMBH	66,862	$6,574,540	8.2%	Defined
HSBC SECURITIES USA INC	2,267	$222,914	0.3%	Defined

Mitsubishi UFJ Asset Management Co., Ltd.

$79,681,125

0.27%

810,344

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MITSUBISHI UFJ FINANCIAL GROUP INC	810,344	$79,681,125	100.0%	Defined

BNP PARIBAS ASSET MANAGEMENT Holding S.A.

$78,842,665

0.27%

801,817

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BNP PARIBAS ASSET MANAGEMENT Europe	281,532	$27,683,041	35.1%	Defined
AXA INVESTMENT MANAGERS UK LIMITED	507,694	$49,921,551	63.3%	Defined
AXA INVESTMENT MANAGERS US INC.	12,591	$1,238,073	1.6%	Defined

Baird Financial Group, Inc.

$76,208,699

0.26%

775,030

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Robert W. Baird & Co. Inc	685,830	$67,437,663	88.5%	Defined
BAIRD TRUST Co	89,200	$8,771,036	11.5%	Defined

MCDONALD CAPITAL INVESTORS INC/CA

$75,963,464

0.26%

772,536

Gotham Asset Management, LLC

$74,447,412

0.25%

757,118

Corient Private Wealth LLC

$73,537,564

0.25%

747,865

VANGUARD ASSET MANAGEMENT, Ltd

$72,406,475

0.25%

736,362

CRAWFORD INVESTMENT COUNSEL INC

$70,835,850

0.24%

720,389

BARCLAYS PLC

$69,887,553

0.24%

710,745

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	499,907	$49,155,855	70.3%	Defined
BARCLAYS CAPITAL INC.	3,363	$330,683	0.5%	Defined
BARCLAYS CAPITAL SECURITIES LTD	205,933	$20,249,391	29.0%	Defined
Barclays Investment Solutions Ltd	1,542	$151,624	0.2%	Defined

Vanguard Global Advisers, LLC

$68,401,592

0.23%

695,633

BNP PARIBAS ARBITRAGE, SA

$67,865,596

0.23%

690,182

National Pension Service

$67,425,667

0.23%

685,708

PRICE T ROWE ASSOCIATES INC /MD/

$66,854,271

0.23%

679,897

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
T. Rowe Price International Ltd	464,513	$45,675,563	68.3%	Defined
Held directly	215,384	$21,178,708	31.7%	Sole

Quantinno Capital Management LP

$66,393,989

0.23%

675,216

RHUMBLINE ADVISERS

$60,157,507

0.20%

611,792

Mariner, LLC

$58,051,179

0.20%

590,371

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mariner Platform Solutions, LLC	14,466	$1,422,441	2.5%	Other
Held directly	575,905	$56,628,738	97.5%	Sole

CITIGROUP INC

$57,223,143

0.19%

581,950

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citibank, N.A. joint	28,364	$2,789,032	4.9%	Defined
Citigroup Financial Products Inc. joint	553,586	$54,434,111	95.1%	Defined

DONALDSON CAPITAL MANAGEMENT, LLC

$57,155,590

0.19%

581,263

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM

$56,750,569

0.19%

577,144

California Public Employees Retirement System

$55,605,418

0.19%

565,498

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$52,704,880

0.18%

536,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	536,000	$52,704,880	100.0%	Other

NOMURA ASSET MANAGEMENT CO LTD

$51,719,219

0.18%

525,976

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Nomura Asset Management U.K. Ltd	121,720	$11,968,727	23.1%	Sole
Held directly	404,256	$39,750,492	76.9%	Sole

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$51,711,747

0.18%

525,900

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	525,900	$51,711,747	100.0%	Other

ALLIANCEBERNSTEIN L.P.

$51,173,095

0.17%

520,422

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Equitable Holdings, Inc.	520,422	$51,173,095	100.0%	Defined

Woodline Partners LP

$49,640,425

0.17%

504,835

MILLER HOWARD INVESTMENTS INC /NY

$49,521,249

0.17%

503,623

Welch Group, LLC

$49,516,726

0.17%

503,577

DekaBank Deutsche Girozentrale

$48,632,641

0.17%

494,586

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Deka Investment GmbH	209,737	$20,623,439	42.4%	Defined
Deka Vermoegensmanagement GmbH	284,849	$28,009,202	57.6%	Defined

Mirae Asset Global Investments Co., Ltd.

$48,411,791

0.16%

492,340

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mirae Asset Global Investments (Hong Kong) LTD	539	$52,999	0.1%	Defined
Held directly	491,801	$48,358,792	99.9%	Sole

Capital International, Inc./CA/

$47,521,610

0.16%

483,287

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CAPITAL GROUP COMPANIES INC joint	483,287	$47,521,610	100.0%	Defined

CITADEL ADVISORS LLC

$47,178,734

0.16%

479,800

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	479,800	$47,178,734	100.0%	Defined

Cerity Partners LLC

$46,809,602

0.16%

476,046

JANE STREET GROUP, LLC

$46,519,923

0.16%

473,100

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	473,100	$46,519,923	100.0%	Defined

Willis Investment Counsel

$45,987,761

0.16%

467,688

CITADEL ADVISORS LLC

$42,521,234

0.14%

432,434

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	5,684	$558,907	1.3%	Defined
Held directly	426,750	$41,962,327	98.7%	Defined

MML INVESTORS SERVICES, LLC

$41,675,597

0.14%

423,834

OLD REPUBLIC INTERNATIONAL CORP

$41,603,423

0.14%

423,100

PFA Pension, Forsikringsaktieselskab

$41,143,828

0.14%

418,426

GRANDFIELD & DODD, LLC

$41,012,656

0.14%

417,092

Prana Capital Management, LP

$39,342,816

0.13%

400,110

&PARTNERS

$39,142,813

0.13%

398,076

PRINCIPAL FINANCIAL GROUP INC

$38,722,353

0.13%

393,800

AMERIPRISE FINANCIAL INC

$38,642,311

0.13%

392,986

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Columbia Management Investment Advisers, LLC	117,413	$11,545,220	29.9%	Defined
Ameriprise Financial Services, LLC joint	262,397	$25,801,496	66.8%	Defined
Ameriprise Bank, FSB	3,289	$323,407	0.8%	Defined
Columbia Threadneedle Management Ltd	9,887	$972,188	2.5%	Defined

ProShare Advisors LLC

$37,794,610

0.13%

384,365

FRANKLIN RESOURCES INC

$37,531,672

0.13%

381,691

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FIDUCIARY TRUST CO INTERNATIONAL	44,051	$4,331,534	11.5%	Defined
Fiduciary Trust Co International of Pennsylvania	12,536	$1,232,664	3.3%	Defined
Fiduciary Trust International of California	15	$1,474	0.0%	Defined
Fiduciary Trust International of the South	87	$8,554	0.0%	Defined
FIDUCIARY TRUST INTERNATIONAL LLC	6,874	$675,920	1.8%	Defined
FRANKLIN ADVISERS INC	95,667	$9,406,936	25.1%	Defined
FRANKLIN ADVISORY SERVICES LLC	222,273	$21,856,104	58.2%	Defined
PUTNAM ADVISORY CO LLC	188	$18,486	0.0%	Other

BANK OF MONTREAL /CAN/

$36,680,528

0.12%

373,035

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BMO Asset Management Inc.	195,371	$19,210,830	52.4%	Defined
BMO Bank N.A.	26,619	$2,617,446	7.1%	Defined
BMO Delaware Trust Co	351	$34,513	0.1%	Defined
BMO Family Office, LLC	13,225	$1,300,414	3.5%	Defined
BMO NESBITT BURNS INC.	3,953	$388,698	1.1%	Defined
BMO NESBITT BURNS SECURITIES LTD.	1,218	$119,765	0.3%	Defined
Stoker Ostler Wealth Advisors, Inc.	310	$30,482	0.1%	Defined
Held directly	131,988	$12,978,380	35.4%	Defined

Welch & Forbes LLC

$35,740,496

0.12%

363,475

LAZARD ASSET MANAGEMENT LLC

$35,137,537

0.12%

357,343

BAILLIE GIFFORD & CO

$34,303,303

0.12%

348,859

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BAILLIE GIFFORD & CO LTD	184,710	$18,162,534	52.9%	Defined
BAILLIE GIFFORD OVERSEAS LTD	1,542	$151,624	0.4%	Defined
Baillie Gifford Investment Management (Europe) Ltd	46,512	$4,573,524	13.3%	Defined
Held directly	116,095	$11,415,621	33.3%	Sole

FORT WASHINGTON INVESTMENT ADVISORS INC /OH/

$33,824,635

0.11%

343,991

RWC Asset Management LLP

$32,416,451

0.11%

329,670

Russell Investments Group, Ltd.

$32,089,400

0.11%

326,344

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Russell Investment Management Limited	25,989	$2,555,498	8.0%	Defined
Russell Investment Management, LLC	189,157	$18,599,806	58.0%	Defined
Russell Investments Canada Limited	12,134	$1,193,136	3.7%	Defined
Russell Investments Capital, LLC	10,240	$1,006,899	3.1%	Defined
Russell Investments Implementation Services, LLC	8,533	$839,049	2.6%	Defined
Russell Investments Japan Co., LTD.	2,066	$203,149	0.6%	Defined
Russell Investments Limited	70,227	$6,905,420	21.5%	Other
Russell Investments Trust Company	7,998	$786,443	2.5%	Defined

Creative Planning

$31,636,988

0.11%

321,743

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
CREATIVE PLANNING TRUST Co LLC	4,787	$470,705	1.5%	Defined
Held directly	316,956	$31,166,283	98.5%	Sole

Key facts CIK 723531 CUSIP 704326107 13F (30d) 61 filings 56 filers Visit website Investor relations