# Paychex (PAYX): value investors who own it | moatshark

3 value investors held Paychex in their Q3 2026 13F, led by Semper Augustus, Troy Asset Management, Markel Group.

## 13F holders

| Manager | Portfolio | Value | Change | Quarters held |
| --- | --- | --- | --- | --- |
| Semper Augustus | 2.4% | $20.8m | New | 1 |
| Troy Asset Management | 0.7% | $24.7m | Trimmed -31% | 36 |
| Markel Group | 0.1% | $14.7m | Unchanged | 53 |

## Directors buying and selling (Form 4, last 12 months)

| Date | Who | Role | Bought or sold | Shares | Value |
| --- | --- | --- | --- | --- | --- |
| 2026-10-14 | VELLI JOSEPH M | Director | Sold | 7839 | $844k |
| 2026-07-20 | Schrader Robert L. | Sr. VP, CFO | Sold | 2600 | $299k |
| 2026-07-17 | Simmons Christopher C | VP, Controller & Treasurer | Sold | 2615 | $303k |

Source: SEC filings, via moatshark (https://www.moatshark.com/s/payx). Values traded and returns are estimates. Not investment advice. Built 2026-10-21.