Expect continued institutional demand for PCTY as top quant and asset managers increased positions. Monitor next earnings for fundamental catalysts. The strong active buying suggests conviction, but 13F lag means current exposure may differ.
Executive Summary
A strong institutional cluster formed in PCTY during Q3 2024, with 27 buyers adding a net $344.6M vs 25 sellers reducing by $51.9M. Prominent active managers and quant funds (Capital International, Citadel, Point72) doubled their stakes, while some large holders trimmed. The net buying signal is bullish but tempered by selling from UBS and others.
Key Financial Metrics
Institutional Positions
Net institutional flow: $292.6M
▲ Buyers (27)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Capital International Investor | DOUBLED | +101.8% | $232.6M | $140.5M |
| Invesco | ADD | +35.5% | $166.9M | $68.5M |
| Citadel | DOUBLED | +280.6% | $77.5M | $61.2M |
| Point72 | DOUBLED | +283.8% | $51.1M | $40.5M |
| Dimensional Fund Advisors | ADD | +32.7% | $73.5M | $29.2M |
▼ Sellers (25)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Ubs Am, A Distinct Business Un | TRIM | -60.6% | $34.6M | -$17.5M |
| Sumitomo Mitsui Trust Group | EXIT | -100% | $11.1M | -$11.1M |
| D.E. Shaw | TRIM | -67.6% | $11.3M | -$6.7M |
| Amundi | TRIM | -65.8% | $10.3M | -$6.0M |
| Mitsubishi Ufj Asset Managemen | NEAR_EXIT | -99.6% | $3.4M | -$3.4M |
Key Facts
- 27 institutions bought PCTY with aggregate net inflow of $344.6M; 25 sold net $51.9M.
- Capital International doubled to $232.6M (+$140.5M), Citadel doubled to $77.5M (+$61.2M), Point72 doubled to $51.1M (+$40.5M).
- UBS trimmed by $17.5M, Sumitomo exited $11.1M, D.E. Shaw trimmed $6.7M.
- Cluster dominated by active managers and quant funds, not passive rebalancing.
Financial Impact
Net institutional buying of $292.6M ($344.6M bought minus $51.9M sold).
Risk Factors
- 13F reports are 45 days delayed; positions may have been adjusted.
- Selling by UBS and D.E. Shaw could indicate caution despite the buying cluster.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-PCTY-2024-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Insider Cluster | $176.46 | awaiting T+1 | — | — |
Oct 23, 2026 3d ago | Institutional Cluster | $177.19 $176.46 | ▼ −0.41% | ▼ −1.12% | — |
Oct 22, 2026 5d ago | DEFA14A / DEF 14A | $177.67 $177.19 | ▼ −0.27% | ▲ +0.25% | — |
Oct 22, 2026 5d ago | Insider Cluster | $177.19 $176.46 | ▲ +0.41% | ▲ +1.12% | — |
Oct 21, 2026 5d ago | Insider Cluster | $177.67 $177.19 | ▲ +0.27% | ▼ −0.25% | — |
Oct 19, 2026 8d ago | Insider Cluster | $170.06 $169.33 | ▲ +0.43% | ▲ +0.95% | — |
Oct 16, 2026 10d ago | Insider Cluster | $166.17 $170.06 | ▲ +2.34% | ▲ +2.01% | — |
Sep 10, 2026 6w ago | Press Release | $142.86 $141.66 | ▼ −0.84% | ▼ −1.69% | — |
Sep 9, 2026 6w ago | Insider Cluster | $142.86 $141.66 | ▼ −0.84% | ▼ −1.69% | — |
Sep 1, 2026 7w ago | Insider Cluster | $154.29 $154.29 | · 0.00% | ▼ −1.05% | — |
US Market Status
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