PAYPAL HLDGS INC PYPL
COM · Common Stock · CUSIP 70450Y103 · ISIN US70450Y1038
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersSan Jose, CA
- Founded2015
- 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 ($169.0m this quarter). Holder counts are more reliable. Shares outstanding: 1.1bn as of 2023-07-27, 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 ≈ $67.41. Options: 74 managers hold calls ($3.2bn notional), 50 hold puts ($2.4bn).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,123 |
| Q4 2022 | 2,014 |
| Q1 2023 | 1,966 |
| Q2 2023 | 1,884 |
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 2022 | 692 | 1,318 |
| Q1 2023 | 932 | 956 |
| Q2 2023 | 835 | 1,033 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $4.4bn | $4.8bn | 1.08 |
| Q4 2022 | $3.5bn | $2.3bn | 0.66 |
| Q1 2023 | $2.8bn | $3.6bn | 1.27 |
| Q2 2023 | $3.2bn | $2.4bn | 0.75 |
Biggest buyers
| POLEN CAPITAL MANAGEMENT LLC | Added | +9.6m |
| Atreides Management, LP | New | +3.8m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +2.9m |
| DEUTSCHE BANK AG\ | Added | +2.9m |
| Nuveen Asset Management, LLC | Added | +2.9m |
| Man Group plc | New | +2.6m |
| NATIONAL BANK OF CANADA /FI/ | Added | +2.2m |
| HS Management Partners, LLC | New | +1.6m |
| Holocene Advisors, LP | New | +1.3m |
| BARCLAYS PLC | Added | +1.2m |
Biggest sellers
| OFI INVEST ASSET MANAGEMENT | Reduced | -32.9m |
| FMR LLC | Reduced | -21.6m |
| Fisher Asset Management, LLC | Reduced | -8.1m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -6.5m |
| BlueSpruce Investments, LP | Sold out | -5.2m |
| GOLDMAN SACHS GROUP INC | Reduced | -4.3m |
| VANGUARD GROUP INC | Reduced | -3.8m |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -3.6m |
| Hudson Bay Capital Management LP | Reduced | -2.6m |
| JPMORGAN CHASE & CO | Reduced | -2.5m |
Biggest calls
| CITADEL ADVISORS LLC | Added | $662.7m9.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $566.5m8.5m shares |
| JANE STREET GROUP, LLC | Added | $229.4m3.4m shares |
| SIMPLEX TRADING, LLC | Added | $211.2m3.2m shares |
| IMC-Chicago, LLC | Added | $170.1m2.5m shares |
| Walleye Trading LLC | Reduced | $115.6m1.7m shares |
| Optiver Holding B.V. | Added | $111.3m1.7m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $109.3m1.6m shares |
| CTC LLC | Added | $109.0m16.3k shares |
| D. E. Shaw & Co., Inc. | Added | $81.4m1.2m shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $834.8m12.5m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $519.7m7.8m shares |
| D. E. Shaw & Co., Inc. | Added | $231.5m3.5m shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $117.3m1.8m shares |
| BANK OF AMERICA CORP /DE/ | Added | $75.5m1.1m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $73.0m1.1m shares |
| Walleye Trading LLC | Added | $65.4m980.5k shares |
| CLEAR STREET LLC | New | $65.1m975.6k shares |
| Hudson Bay Capital Management LP | Reduced | $53.4m800.0k shares |
| GOLDMAN SACHS GROUP INC | Added | $52.9m792.5k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2026-07-29 | 8.1% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.0% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2023
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 |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 3 | $2.8m | 3 | $9.0m | — |
| Q1 2022 | 3 | $3.0m | 2 | $4.7m | — |
| Q2 2022 | 2 | $694.2k | 1 | $1.3m | — |
| Q3 2022 | 0 | — | 2 | $2.1m | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 1 | $2.0m | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.15% of their portfolio | 92.3m $6.2bn | Reduced -3.8m |
| BlackRock Inc. 0.14% of their portfolio | 75.1m $5.0bn | Reduced -2.1m |
| STATE STREET CORP 0.16% of their portfolio | 45.8m $3.1bn | Added +423.6k |
| Comprehensive Financial Management LLC 65.12% of their portfolio | 29.7m $2.0bn | Unchanged |
| POLEN CAPITAL MANAGEMENT LLC 3.67% of their portfolio | 22.2m $1.5bn | Added +9.6m |
| GEODE CAPITAL MANAGEMENT, LLC 0.17% of their portfolio | 21.1m $1.4bn | Added +175.6k |
| MORGAN STANLEY 0.13% of their portfolio | 19.2m $1.3bn | Reduced -225.8k |
| NORGES BANK 0.19% of their portfolio | 14.6m $971.6m | Reduced -590.5k |
| DEUTSCHE BANK AG\ 0.43% of their portfolio | 12.1m $807.5m | Added +2.9m |
| NORTHERN TRUST CORP 0.15% of their portfolio | 11.7m $780.0m | Reduced -128.1k |
| Nuveen Asset Management, LLC 0.25% of their portfolio | 10.8m $718.8m | Added +2.9m |
| Bank of New York Mellon Corp 0.14% of their portfolio | 9.8m $655.5m | Added +1.0m |
| Temasek Holdings (Private) Ltd 3.67% of their portfolio | 9.5m $634.1m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.07% of their portfolio | 8.7m $577.5m | Reduced -1.2m |
| Legal & General Group Plc 0.16% of their portfolio | 7.5m $503.5m | Added +158.1k |
| PUBLIC INVESTMENT FUND 1.29% of their portfolio | 7.5m $500.3m | Unchanged |
| LOOMIS SAYLES & CO L P 0.78% of their portfolio | 7.3m $486.9m | Added +454.4k |
| Invesco Ltd. 0.12% of their portfolio | 6.8m $454.8m | Added +163.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.13% of their portfolio | 6.7m $447.4m | Reduced -5.8k |
| Clearbridge Investments, LLC 0.40% of their portfolio | 6.7m $445.9m | Reduced -296.3k |
| GOLDMAN SACHS GROUP INC 0.11% of their portfolio | 6.6m $438.8m | Reduced -4.3m |
| ALLIANCEBERNSTEIN L.P. 0.17% of their portfolio | 6.4m $427.3m | Reduced -6.5m |
| Fisher Asset Management, LLC 0.22% of their portfolio | 5.9m $392.8m | Reduced -8.1m |
| TWO SIGMA ADVISERS, LP 0.97% of their portfolio | 5.7m $380.6m | Added +500.9k |
| Lindsell Train Ltd 6.40% of their portfolio | 5.4m $359.5m | Added +5.0k |
| FMR LLC 0.03% of their portfolio | 5.3m $356.4m | Reduced -21.6m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.53% of their portfolio | 5.0m $332.2m | Added +2.9m |
| BARCLAYS PLC 0.21% of their portfolio | 4.9m $325.7m | Added +1.2m |
| Amundi 0.17% of their portfolio | 4.9m $331.7m | Reduced -1.0m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.39% of their portfolio | 4.8m $322.4m | Reduced -1.8m |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.65% of their portfolio | 4.7m $313.0m | Added +1.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.17% of their portfolio | 4.7m $354.1m | Unchanged |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 4.5m $300.0m | Reduced -2.5m |
| D. E. Shaw & Co., Inc. 0.46% of their portfolio | 4.4m $292.3m | Reduced -1.2m |
| Black Creek Investment Management Inc. 9.45% of their portfolio | 4.0m $269.8m | Added +527.1k |
| Swiss National Bank 0.17% of their portfolio | 3.9m $257.1m | Reduced -445.7k |
| Atreides Management, LP 7.74% of their portfolio | 3.8m $254.8m | New |
| WELLS FARGO & COMPANY/MN 0.07% of their portfolio | 3.7m $249.2m | Added +761.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.49% of their portfolio | 3.7m $246.3m | Reduced -434.6k |
| ROYAL BANK OF CANADA 0.07% of their portfolio | 3.7m $244.5m | Added +89.8k |
| TWO SIGMA INVESTMENTS, LP 0.65% of their portfolio | 3.6m $241.5m | Added +372.3k |
| NATIONAL BANK OF CANADA /FI/ 0.44% of their portfolio | 3.2m $218.8m | Added +2.2m |
| FIRST TRUST ADVISORS LP 0.24% of their portfolio | 3.2m $212.0m | Added +993.3k |
| Thrivent Financial for Lutherans 0.48% of their portfolio | 3.1m $208.9m | Added +391.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.16% of their portfolio | 3.0m $202.7m | Reduced -401.6k |
| DSM CAPITAL PARTNERS LLC 3.23% of their portfolio | 3.0m $199.5m | Reduced -450.4k |
| UBS Group AG 0.08% of their portfolio | 2.9m $194.1m | Added +37.2k |
| PRUDENTIAL FINANCIAL INC 0.27% of their portfolio | 2.8m $187.0m | Added +87.8k |
| HSBC HOLDINGS PLC 0.19% of their portfolio | 2.7m $177.9m | Added +272.0k |
| Man Group plc 0.53% of their portfolio | 2.6m $170.6m | New |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 2.5m $166.3m | Added +72.4k |
| MILLENNIUM MANAGEMENT LLC 0.17% of their portfolio | 2.4m $157.8m | Reduced -1.2m |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 2.3m $156.1m | Reduced -169.3k |
| RHUMBLINE ADVISERS 0.17% of their portfolio | 2.2m $149.9m | Added +63.5k |
| BANK OF MONTREAL /CAN/ 0.22% of their portfolio | 2.2m $599.3m | Reduced -236.0k |
| PICTET ASSET MANAGEMENT SA 0.17% of their portfolio | 2.2m $144.0m | Reduced -907.0k |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 2.1m $139.4m | Reduced -1.6m |
| TORONTO DOMINION BANK 0.10% of their portfolio | 2.0m $135.7m | Added +1.1m |
| California Public Employees Retirement System 0.12% of their portfolio | 2.0m $135.0m | Reduced -113.0k |
| Assenagon Asset Management S.A. 0.51% of their portfolio | 1.9m $129.2m | Added +760.8k |
| CITIGROUP INC 0.16% of their portfolio | 1.9m $125.6m | Added +142.3k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.62% of their portfolio | 1.9m $125.1m | Reduced -174.9k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.39% of their portfolio | 1.9m $125.0m | Added +271.8k |
| National Pension Service 0.20% of their portfolio | 1.8m $121.8m | Reduced -123.0k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.16% of their portfolio | 1.8m $121.3m | Reduced -14.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.17% of their portfolio | 1.8m $118.9m | Reduced -73.8k |
| PRIMECAP MANAGEMENT CO/CA/ 0.10% of their portfolio | 1.8m $117.7m | Reduced -102.2k |
| FLOSSBACH VON STORCH SE 0.47% of their portfolio | 1.8m $116.9m | Added +170.1k |
| Allianz Asset Management GmbH 0.23% of their portfolio | 1.7m $115.9m | Added +794.5k |
| CREDIT SUISSE AG/ 0.11% of their portfolio | 1.7m $113.0m | Added +64.4k |
| HS Management Partners, LLC 4.71% of their portfolio | 1.6m $109.1m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.30% of their portfolio | 1.6m $106.6m | Reduced -24.7k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 1.5m $102.1m | Reduced -36.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.07% of their portfolio | 1.5m $101.5m | Reduced -97.6k |
| CANADA LIFE ASSURANCE Co 0.24% of their portfolio | 1.5m $101.6m | Added +197.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.5m $100.7m | Reduced -26.6k |
| Bridgewater Associates, LP 0.62% of their portfolio | 1.5m $100.2m | Reduced -50.7k |
| Greenvale Capital LLP 7.58% of their portfolio | 1.5m $100.1m | Added +500.0k |
| Select Equity Group, L.P. 0.37% of their portfolio | 1.5m $99.5m | Reduced -193.5k |
| CAPITAL FUND MANAGEMENT S.A. 1.53% of their portfolio | 1.5m $97.4m | Added +910.0k |
| Connor, Clark & Lunn Investment Management Ltd. 0.48% of their portfolio | 1.5m $96.8m | Added +601.0k |
| Mirae Asset Global Investments Co., Ltd. 0.21% of their portfolio | 1.4m $96.5m | Reduced -23.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.03% of their portfolio | 1.4m $95.8m | Reduced -409.3k |
| RAYMOND JAMES & ASSOCIATES 0.08% of their portfolio | 1.4m $95.2m | Added +189.1k |
| LORD, ABBETT & CO. LLC 0.16% of their portfolio | 1.4m $93.2m | Added +233.8k |
| AVIVA PLC 0.37% of their portfolio | 1.4m $90.5m | Added +353.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.14% of their portfolio | 1.3m $89.9m | Added +113.7k |
| Liontrust Investment Partners LLP 1.26% of their portfolio | 1.3m $87.5m | Reduced -46.5k |
| BANK OF NOVA SCOTIA 0.23% of their portfolio | 1.3m $86.3m | Reduced -183.5k |
| Robeco Institutional Asset Management B.V. 0.22% of their portfolio | 1.3m $85.4m | Added +41.5k |
| Holocene Advisors, LP 0.37% of their portfolio | 1.3m $85.2m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.19% of their portfolio | 1.3m $84.5m | Reduced -38.1k |
| JANE STREET GROUP, LLC 0.11% of their portfolio | 1.3m $83.9m | Added +359.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.18% of their portfolio | 1.2m $80.2m | Reduced -69.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 1.2m $77.3m | Reduced -1.3m |
| TWINBEECH CAPITAL LP 1.52% of their portfolio | 1.2m $77.2m | Added +345.5k |
| STIFEL FINANCIAL CORP 0.11% of their portfolio | 1.2m $77.1m | Reduced -589.6k |
| ProShare Advisors LLC 0.22% of their portfolio | 1.1m $75.4m | Reduced -75.3k |
| KBC Group NV 0.30% of their portfolio | 1.1m $73.2m | Added +79.8k |
| Retirement Systems of Alabama 0.32% of their portfolio | 1.1m $71.6m | Reduced -134.2k |