PAYCHEX INC

Ticker: PAYX CUSIP: 704326107 Class: COM

Rakuten Investment Management, Inc.'s Holding History (CIK: 0002062680)

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

Q4 2025

Shares 62,035 Value ($000) $7,072 Avg Close $116.54 Range $108.00 - $128.00

Q3 2025

Shares 98,031 Value ($000) $4,878 Avg Close $137.17 Range $117.88 - $146.69

Q1 2025

Shares 42,543 Value ($000) $6,425 Avg Close $143.17 Range $130.91 - $154.56

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	62,035	$7,072	$116.54	$108.00 - $128.00
Q3 2025	98,031	$4,878	$137.17	$117.88 - $146.69
Q1 2025	42,543	$6,425	$143.17	$130.91 - $154.56