CORPAY INC CPAY
COM SHS · Common Stock · CUSIP 219948106 · ISIN US2199481068
U.S. financial services company
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersAtlanta, GA
- Founded2000
- Websitecorpay.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($11.9m this quarter). Holder counts are more reliable. Shares outstanding: 70.0m as of 2025-11-03, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $288.04. Options: 7 managers hold calls ($174.3m notional), 5 hold puts ($9.0m).
Trends to Q3 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2 |
| Q4 2022 | 2 |
| Q1 2023 | 2 |
| Q2 2023 | 2 |
| Q3 2023 | 2 |
| Q4 2023 | 4 |
| Q1 2024 | 563 |
| Q2 2024 | 589 |
| Q3 2024 | 618 |
| Q4 2024 | 701 |
| Q1 2025 | 689 |
| Q2 2025 | 687 |
| Q3 2025 | 685 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2023 | 1 | 0 |
| Q1 2024 | 551 | 0 |
| Q2 2024 | 283 | 287 |
| Q3 2024 | 311 | 269 |
| Q4 2024 | 357 | 264 |
| Q1 2025 | 322 | 333 |
| Q2 2025 | 338 | 332 |
| Q3 2025 | 311 | 347 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $62.0m | $23.8m | 0.38 |
| Q1 2025 | $79.4m | $16.0m | 0.20 |
| Q2 2025 | $148.5m | $33.7m | 0.23 |
| Q3 2025 | $174.3m | $9.0m | 0.05 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +4.3m |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC | New | +425.0k |
| HAWK RIDGE CAPITAL MANAGEMENT LP | New | +369.3k |
| Orbis Allan Gray Ltd | Added | +272.5k |
| TIGER GLOBAL MANAGEMENT LLC | Added | +269.5k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +223.7k |
| D. E. Shaw & Co., Inc. | Added | +166.3k |
| Squarepoint Ops LLC | Added | +133.6k |
| GOLDMAN SACHS GROUP INC | Added | +98.0k |
| TWO SIGMA INVESTMENTS, LP | Added | +80.5k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.0m |
| Third Point LLC | Sold out | -685.0k |
| BESSEMER GROUP INC | Reduced | -553.5k |
| Invesco Ltd. | Reduced | -236.7k |
| FIL Ltd | Reduced | -156.9k |
| ROYAL BANK OF CANADA | Reduced | -145.8k |
| T. Rowe Price Investment Management, Inc. | Reduced | -128.7k |
| MACQUARIE GROUP LTD | Reduced | -118.7k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -112.1k |
| Meridiem Capital Partners LP | Sold out | -88.5k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $162.6m564.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.4m22.2k shares |
| GROUP ONE TRADING LLC | New | $3.5m12.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $680.4k2.3k shares |
| JANE STREET GROUP, LLC | Added | $662.5k2.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $403.0k1.4k shares |
| SG Americas Securities, LLC | New | $59.0k15.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $5.6m19.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.1m7.3k shares |
| Twin Tree Management, LP | Unchanged | $749.0k2.6k shares |
| Walleye Capital LLC | Reduced | $316.9k1.1k shares |
| WOLVERINE TRADING, LLC | New | $236.7k800 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
| JPMORGAN CHASE & CO 13G · institution +1.2 pts · filed 2026-10-15 | 7.3% |
| FMR LLC 13G · institution new · filed 2026-08-06 | 5.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC), PRICE T ROWE ASSOCIATES INC /MD/ (3.7%, 2026-02-17)
Insider purchases and sales in Q3 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 3 | $50.2m | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 4 | $71.8m | — |
| Q4 2024 | 0 | — | 4 | $37.7m | — |
| Q1 2025 | 0 | — | 1 | $910.7k | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
None reported in Q3 2025.
Holders, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| JPMORGAN CHASE & CO 0.08% of their portfolio | 8.9m $2.6bn | Added +4.3m |
| VANGUARD GROUP INC 0.04% of their portfolio | 8.2m $2.4bn | Added +58.2k |
| BlackRock, Inc. 0.03% of their portfolio | 6.3m $1.8bn | Added +20.6k |
| Orbis Allan Gray Ltd 5.10% of their portfolio | 4.1m $1.2bn | Added +272.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.12% of their portfolio | 3.8m $1.1bn | Reduced -1.0m |
| STATE STREET CORP 0.03% of their portfolio | 3.0m $851.7m | Added +23.5k |
| Boston Partners 0.67% of their portfolio | 2.3m $656.2m | Reduced -13.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 1.9m $541.3m | Added +14.7k |
| TIGER GLOBAL MANAGEMENT LLC 1.58% of their portfolio | 1.8m $510.2m | Added +269.5k |
| Invesco Ltd. 0.08% of their portfolio | 1.7m $501.9m | Reduced -236.7k |
| T. Rowe Price Investment Management, Inc. 0.23% of their portfolio | 1.3m $376.4m | Reduced -128.7k |
| FMR LLC 0.02% of their portfolio | 1.2m $352.0m | Added +65.9k |
| Select Equity Group, L.P. 1.43% of their portfolio | 1.2m $333.4m | Added +31.6k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 784.9k $226.2m | Reduced -10.0k |
| Mawer Investment Management Ltd. 1.11% of their portfolio | 742.3k $213.8m | Reduced -74.2k |
| MORGAN STANLEY 0.01% of their portfolio | 731.0k $210.6m | Reduced -5.4k |
| LYRICAL ASSET MANAGEMENT LP 2.87% of their portfolio | 705.9k $203.3m | Added +62.1k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 1.72% of their portfolio | 668.0k $192.4m | Added +61.7k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 631.5k $181.9m | Added +223.7k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 608.7k $175.3m | Reduced -8.0k |
| Allianz Asset Management GmbH 0.21% of their portfolio | 584.6k $168.4m | Reduced -23.3k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 576.5k $166.1m | Added +98.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 441.9k $127.3m | Reduced -66.4k |
| SPRUCE HOUSE INVESTMENT MANAGEMENT LLC 3.16% of their portfolio | 425.0k $122.4m | New |
| HAWK RIDGE CAPITAL MANAGEMENT LP 5.07% of their portfolio | 369.3k $106.4m | New |
| Nuveen, LLC 0.03% of their portfolio | 366.0k $105.4m | Added +49.1k |
| BloombergSen Inc. 8.89% of their portfolio | 363.8k $104.8m | Reduced -3.8k |
| Legal & General Group Plc 0.02% of their portfolio | 362.5k $104.4m | Added +11.4k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 360.2k $103.8m | Added +10.9k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 358.9k $103.4m | Reduced -8.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 351.5k $101.3m | Reduced -76.8k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 326.2k $94.0m | Reduced -112.1k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 319.9k $92.1m | Reduced -46.8k |
| UBS Group AG 0.02% of their portfolio | 291.2k $83.9m | Reduced -59.8k |
| Swedbank AB 0.08% of their portfolio | 272.8k $78.6m | Unchanged |
| MACQUARIE GROUP LTD 0.09% of their portfolio | 255.4k $73.6m | Reduced -118.7k |
| BARCLAYS PLC 0.03% of their portfolio | 241.9k $69.7m | Reduced -27.0k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 229.4k $66.1m | Added +11.4k |
| Petrus Trust Company, LTA 6.96% of their portfolio | 220.5k $63.5m | Added +13.4k |
| Amundi 0.02% of their portfolio | 202.5k $58.5m | Added +39.0k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 202.1k $58.2m | Added +166.3k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 200.4k $57.7m | Reduced -25.3k |
| Swiss National Bank 0.03% of their portfolio | 193.1k $55.6m | Reduced -8.9k |
| Provident Investment Management, Inc. 4.78% of their portfolio | 188.2k $54.2m | Reduced -20.0k |
| THOMPSON SIEGEL & WALMSLEY LLC 0.88% of their portfolio | 187.2k $53.9m | Added +34.6k |
| LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio | 179.9k $51.8m | Reduced -34.1k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 172.5k $49.7m | Reduced -145.8k |
| Premier Fund Managers Ltd 2.08% of their portfolio | 171.0k $50.6m | Added +428 |
| Cornerstone Investment Partners, LLC 2.02% of their portfolio | 167.5k $48.2m | Reduced -29.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 154.7k $44.6m | Added +1.9k |
| CIBC Private Wealth Group LLC 0.07% of their portfolio | 147.9k $42.6m | Reduced -3.7k |
| Assenagon Asset Management S.A. 0.06% of their portfolio | 146.1k $42.1m | Added +218 |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 145.8k $42.0m | Added +327 |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 145.4k $41.9m | Reduced -3.0k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 143.8k $41.4m | Reduced -40.8k |
| FIL Ltd 0.03% of their portfolio | 139.9k $40.3m | Reduced -156.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.03% of their portfolio | 138.9k $40.0m | Added +7.4k |
| Long Path Partners LP 14.16% of their portfolio | 136.0k $39.2m | Reduced -2.0k |
| Squarepoint Ops LLC 0.08% of their portfolio | 135.5k $39.0m | Added +133.6k |
| Vantage Investment Partners, LLC 2.57% of their portfolio | 130.8k $37.7m | Added +11.5k |
| California Public Employees Retirement System 0.02% of their portfolio | 128.7k $37.1m | Added +3.8k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 126.2k $36.3m | Reduced -6.4k |
| TD Asset Management Inc 0.03% of their portfolio | 125.1k $36.0m | Reduced -7.6k |
| ANCHOR CAPITAL ADVISORS LLC 0.97% of their portfolio | 116.6k $33.6m | Added +25.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 115.4k $33.3m | Reduced -7.9k |
| STRS OHIO 0.12% of their portfolio | 112.6k $32.4m | Added +36.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 109.6k $31.6m | Reduced -24.1k |
| Bridgewater Associates, LP 0.12% of their portfolio | 107.4k $30.9m | Added +31.8k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 106.7k $30.7m | Reduced -10.9k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 102.1k $29.4m | Added +4.8k |
| National Pension Service 0.02% of their portfolio | 101.0k $29.1m | Added +1.1k |
| Zimmer Partners, LP 0.71% of their portfolio | 100.7k $29.0m | Added +35.7k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 99.8k $28.7m | Reduced -30.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 91.7k $26.4m | Reduced -8.3k |
| Philosophy Capital Management LLC 2.94% of their portfolio | 88.2k $25.4m | Added +25.0k |
| TWO SIGMA INVESTMENTS, LP 0.04% of their portfolio | 88.0k $25.3m | Added +80.5k |
| CITIGROUP INC 0.02% of their portfolio | 86.0k $24.8m | Added +22.4k |
| STEADFAST CAPITAL MANAGEMENT LP 0.42% of their portfolio | 81.1k $23.4m | Reduced -9.6k |
| Stanley Capital Management, LLC 3.78% of their portfolio | 79.8k $23.0m | Unchanged |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 78.0k $22.5m | Reduced -4.6k |
| Capital Investment Services of America, Inc. 1.99% of their portfolio | 77.7k $22.4m | Added +517 |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 76.8k $22.1m | Added +2.5k |
| Saudi Central Bank 0.83% of their portfolio | 76.0k $21.9m | Added +1 |
| Generate Investment Management Ltd 1.10% of their portfolio | 75.0k $21.6m | Added +24.8k |
| Prana Capital Management, LP 0.68% of their portfolio | 71.0k $20.5m | New |
| NICHOLAS COMPANY, INC. 0.35% of their portfolio | 71.0k $20.4m | Reduced -40 |
| CapitalatWork S.A. 0.57% of their portfolio | 67.7k $19.5m | Added +12.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.03% of their portfolio | 66.9k $19.3m | Added +361 |
| Park West Asset Management LLC 1.74% of their portfolio | 66.1k $19.0m | Reduced -40.3k |
| TWINBEECH CAPITAL LP 0.74% of their portfolio | 64.9k $18.7m | Reduced -21.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio | 64.3k $18.5m | Reduced -10.3k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 63.3k $18.2m | Added +1.4k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 61.2k $17.6m | Added +2.3k |
| APG Asset Management N.V. 0.04% of their portfolio | 60.7k $14.9m | Reduced -35.0k |
| Tidal Investments LLC 0.07% of their portfolio | 60.1k $17.3m | Reduced -8.4k |
| Glenmede Investment Management, LP 0.08% of their portfolio | 59.8k $17.2m | Added +1.6k |
| Corient Private Wealth LP 0.03% of their portfolio | 59.7k $17.2m | Reduced -13.4k |
| Baird Financial Group, Inc. 0.03% of their portfolio | 58.9k $17.0m | Reduced -536 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 58.2k $16.8m | Reduced -8.4k |
| Korea Investment CORP 0.03% of their portfolio | 56.6k $16.3m | Reduced -33.2k |