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Paychex Inc (PAYX)

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Institutional Investors' Holdings

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No.	Name	Shares	Value	% Port
1.	Vanguard Group Inc	31,521,025	$4,419,878,127	0.07%
2.	Capital International Investors	26,905,031	$3,772,543,984	0.7%
3.	Blackrock, Inc.	26,799,179	$3,757,780,929	0.07%
4.	State Street Corp	13,612,265	$1,908,688,628	0.07%
5.	Schwab Charles Investment Management Inc	10,044,631	$1,408,458,155	0.25%