PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

BLI - Banque de Luxembourg Investments's Holding History (CIK: 0002052594)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 109,965 Value ($000) $12,469 Avg Close $116.54 Range $108.00 - $128.00

Q3 2025

Shares 146,600 Value ($000) $18,853 Avg Close $137.17 Range $117.88 - $146.69

Q2 2025

Shares 150,600 Value ($000) $21,672 Avg Close $147.52 Range $131.76 - $158.49

Q1 2025

Shares 128,800 Value ($000) $19,416 Avg Close $143.17 Range $130.91 - $154.56

Q4 2024

Shares 182,900 Value ($000) $25,602 Avg Close $137.31 Range $127.32 - $146.13

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	109,965	$12,469	$116.54	$108.00 - $128.00
Q3 2025	146,600	$18,853	$137.17	$117.88 - $146.69
Q2 2025	150,600	$21,672	$147.52	$131.76 - $158.49
Q1 2025	128,800	$19,416	$143.17	$130.91 - $154.56
Q4 2024	182,900	$25,602	$137.31	$127.32 - $146.13