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 ($263.2m this quarter). Holder counts are more reliable. Shares outstanding: 955.4m as of 2025-07-23, 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 ≈ $74.30. Options: 80 managers hold calls ($3.8bn notional), 73 hold puts ($3.3bn).
Trends to Q2 2025
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 |
| Q3 2023 | 1,770 |
| Q4 2023 | 1,845 |
| Q1 2024 | 1,795 |
| Q2 2024 | 1,752 |
| Q3 2024 | 1,882 |
| Q4 2024 | 2,013 |
| Q1 2025 | 1,892 |
| Q2 2025 | 1,875 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 774 | 984 |
| Q4 2023 | 715 | 991 |
| Q1 2024 | 824 | 947 |
| Q2 2024 | 731 | 940 |
| Q3 2024 | 899 | 857 |
| Q4 2024 | 822 | 902 |
| Q1 2025 | 879 | 1,006 |
| Q2 2025 | 813 | 949 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $4.9bn | $4.0bn | 0.83 |
| Q4 2024 | $5.3bn | $4.2bn | 0.80 |
| Q1 2025 | $2.9bn | $2.6bn | 0.89 |
| Q2 2025 | $3.8bn | $3.3bn | 0.87 |
Biggest buyers
| FMR LLC | Added | +3.7m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +2.7m |
| DIMENSIONAL FUND ADVISORS LP | Added | +2.0m |
| LAZARD ASSET MANAGEMENT LLC | Added | +1.9m |
| BlackRock, Inc. | Added | +1.8m |
| Capital Research Global Investors | Added | +1.7m |
| COATUE MANAGEMENT LLC | Added | +1.7m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.4m |
| Allianz Asset Management GmbH | Added | +1.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +1.1m |
Biggest sellers
| ONTARIO TEACHERS PENSION PLAN BOARD | Reduced | -2.4m |
| MORGAN STANLEY | Reduced | -2.2m |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -2.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -2.0m |
| PUBLIC INVESTMENT FUND | Sold out | -1.8m |
| MARSHALL WACE, LLP | Reduced | -1.7m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -1.5m |
| Qube Research & Technologies Ltd | Reduced | -1.4m |
| Holocene Advisors, LP | Reduced | -1.3m |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -1.2m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $713.4m9.6m shares |
| CITADEL ADVISORS LLC | Added | $514.4m6.9m shares |
| IMC-Chicago, LLC | Added | $251.6m3.4m shares |
| PEAK6 LLC | Added | $247.5m3.3m shares |
| SIMPLEX TRADING, LLC | Reduced | $178.5m2.4m shares |
| UBS Group AG | Added | $155.6m2.1m shares |
| Qube Research & Technologies Ltd | Added | $142.2m1.9m shares |
| JANE STREET GROUP, LLC | Added | $140.7m1.9m shares |
| BANK OF AMERICA CORP /DE/ | Added | $114.3m1.5m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $105.9m1.4m shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $519.4m7.0m shares |
| CITADEL ADVISORS LLC | Added | $336.4m4.5m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $226.6m3.0m shares |
| JANE STREET GROUP, LLC | Reduced | $226.5m3.0m shares |
| BARCLAYS PLC | Added | $173.1m2.3m shares |
| Squarepoint Ops LLC | Added | $166.4m2.2m shares |
| IMC-Chicago, LLC | New | $133.1m1.8m shares |
| BANK OF AMERICA CORP /DE/ | Added | $126.6m1.7m shares |
| UBS Group AG | Added | $112.0m1.5m shares |
| Walleye Trading LLC | Reduced | $107.9m1.5m 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 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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 1 | $13.5k | $13.5k |
| Q4 2023 | 0 | — | 2 | $4.5m | $3.6m |
| Q1 2024 | 0 | — | 1 | $466.1k | — |
| Q2 2024 | 0 | — | 1 | $272.6k | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 1 | $176.5k | — |
| Q2 2025 | 0 | — | 3 | $863.0k | $586.0k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-06 | Kereere Suzan President, Global Markets | Sold plan | $304.8k4.2k shares |
| 2025-06-06 | Scotti Diego EVP, GM, Consumer Group | Sold plan | $281.2k3.8k shares |
| 2025-06-06 | MESSEMER DEBORAH M. Director | Sold | $277.0k3.8k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.10% of their portfolio | 86.1m $6.4bn | Reduced -75.5k |
| BlackRock, Inc. 0.11% of their portfolio | 75.6m $5.6bn | Added +1.8m |
| STATE STREET CORP 0.12% of their portfolio | 43.6m $3.2bn | Reduced -924.1k |
| Capital Research Global Investors 0.41% of their portfolio | 27.3m $2.0bn | Added +1.7m |
| Comprehensive Financial Management LLC 56.22% of their portfolio | 27.1m $2.0bn | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.11% of their portfolio | 21.9m $1.6bn | Reduced -201.5k |
| MORGAN STANLEY 0.07% of their portfolio | 14.1m $1.1bn | Reduced -2.2m |
| NORGES BANK 0.12% of their portfolio | 12.4m $921.6m | Reduced -251.7k |
| Artisan Partners Limited Partnership 1.33% of their portfolio | 12.0m $891.2m | Added +184.0k |
| DEUTSCHE BANK AG\ 0.29% of their portfolio | 10.4m $775.3m | Reduced -805.8k |
| BANK OF AMERICA CORP /DE/ 0.06% of their portfolio | 10.4m $772.3m | Reduced -189.6k |
| NORTHERN TRUST CORP 0.10% of their portfolio | 10.2m $761.2m | Reduced -24.3k |
| Invesco Ltd. 0.13% of their portfolio | 10.0m $746.1m | Added +522.5k |
| Clearbridge Investments, LLC 0.60% of their portfolio | 9.9m $737.9m | Reduced -443.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.14% of their portfolio | 9.3m $688.0m | Added +1.4m |
| FMR LLC 0.04% of their portfolio | 8.6m $636.2m | Added +3.7m |
| Amundi 0.22% of their portfolio | 8.4m $638.0m | Reduced -428.6k |
| Nuveen, LLC 0.16% of their portfolio | 7.7m $568.9m | Reduced -456.9k |
| COATUE MANAGEMENT LLC 1.44% of their portfolio | 7.0m $518.1m | Added +1.7m |
| Legal & General Group Plc 0.12% of their portfolio | 6.7m $500.5m | Reduced -236.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.08% of their portfolio | 6.6m $489.1m | Reduced -21.6k |
| PRIMECAP MANAGEMENT CO/CA/ 0.39% of their portfolio | 6.5m $486.2m | Added +568.6k |
| LOOMIS SAYLES & CO L P 0.61% of their portfolio | 6.5m $484.8m | Added +103.7k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 6.0m $447.2m | Added +2.0m |
| Bank of New York Mellon Corp 0.08% of their portfolio | 5.9m $439.6m | Reduced -473.4k |
| Robeco Institutional Asset Management B.V. 0.69% of their portfolio | 5.7m $425.6m | Added +756.1k |
| ROYAL BANK OF CANADA 0.04% of their portfolio | 5.7m $425.2m | Added +988.3k |
| UBS Group AG 0.09% of their portfolio | 5.5m $409.1m | Added +165.0k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 4.8m $358.9m | Reduced -64.8k |
| BARCLAYS PLC 0.14% of their portfolio | 4.6m $342.6m | Reduced -128.3k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 4.6m $342.5m | Added +695.0k |
| Lindsell Train Ltd 7.93% of their portfolio | 4.5m $336.5m | Added +356.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.27% of their portfolio | 4.0m $295.2m | Added +270.3k |
| FIRST TRUST ADVISORS LP 0.22% of their portfolio | 3.8m $279.5m | Added +107.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.18% of their portfolio | 3.7m $275.2m | Added +2.7m |
| LSV ASSET MANAGEMENT 0.63% of their portfolio | 3.6m $268.2m | Added +70.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.19% of their portfolio | 3.6m $265.2m | Added +1.1m |
| Assenagon Asset Management S.A. 0.41% of their portfolio | 3.4m $255.5m | Reduced -60.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.15% of their portfolio | 3.2m $241.2m | Added +111.9k |
| AQR CAPITAL MANAGEMENT LLC 0.20% of their portfolio | 3.2m $239.1m | Reduced -278.0k |
| Bridgewater Associates, LP 0.94% of their portfolio | 3.1m $233.9m | Reduced -447.8k |
| Swiss National Bank 0.13% of their portfolio | 2.8m $211.4m | Added +158.7k |
| Allianz Asset Management GmbH 0.28% of their portfolio | 2.8m $209.6m | Added +1.2m |
| National Pension Service 0.18% of their portfolio | 2.8m $208.4m | Added +188.8k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.32% of their portfolio | 2.8m $207.4m | Added +218.9k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 2.7m $200.6m | Reduced -6.0k |
| HSBC HOLDINGS PLC 0.12% of their portfolio | 2.6m $194.1m | Reduced -954.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.14% of their portfolio | 2.5m $182.9m | Reduced -1.2m |
| CANADA LIFE ASSURANCE Co 0.29% of their portfolio | 2.4m $181.1m | Reduced -10.3k |
| Black Creek Investment Management Inc. 7.99% of their portfolio | 2.3m $172.8m | Reduced -398.4k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.40% of their portfolio | 2.2m $164.5m | Added +408.4k |
| LAZARD ASSET MANAGEMENT LLC 0.22% of their portfolio | 2.1m $156.5m | Added +1.9m |
| CITIGROUP INC 0.11% of their portfolio | 2.1m $154.7m | Added +4.7k |
| EQUITY INVESTMENT CORP 3.29% of their portfolio | 2.0m $150.4m | Added +40.2k |
| PRUDENTIAL FINANCIAL INC 0.19% of their portfolio | 2.0m $149.6m | Added +70.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.11% of their portfolio | 1.9m $143.8m | Added +93.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.25% of their portfolio | 1.9m $139.1m | Added +172.9k |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 1.8m $136.1m | Added +73.4k |
| Brandywine Global Investment Management, LLC 0.95% of their portfolio | 1.8m $135.1m | Added +301.8k |
| RHUMBLINE ADVISERS 0.11% of their portfolio | 1.8m $133.9m | Reduced -91.6k |
| Foxhaven Asset Management, LP 3.22% of their portfolio | 1.8m $133.4m | Reduced -456.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 1.8m $130.7m | Added +888 |
| California Public Employees Retirement System 0.08% of their portfolio | 1.7m $125.0m | Added +11.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.10% of their portfolio | 1.6m $118.1m | Added +144.0k |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 1.6m $117.3m | Reduced -35.6k |
| Caisse de depot et placement du Quebec 0.25% of their portfolio | 1.6m $116.7m | Added +985.5k |
| ProShare Advisors LLC 0.23% of their portfolio | 1.5m $114.8m | Added +5.8k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 1.5m $111.4m | Reduced -10.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.12% of their portfolio | 1.5m $110.1m | Reduced -3.0k |
| Liontrust Investment Partners LLP 1.57% of their portfolio | 1.5m $109.4m | Reduced -145.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.03% of their portfolio | 1.5m $109.0m | Reduced -179.0k |
| MARSHALL WACE, LLP 0.12% of their portfolio | 1.4m $103.5m | Reduced -1.7m |
| Sound Shore Management Inc /CT/ 3.51% of their portfolio | 1.4m $103.0m | Added +146.8k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.09% of their portfolio | 1.4m $101.3m | Reduced -2.1m |
| NEW YORK STATE COMMON RETIREMENT FUND 0.13% of their portfolio | 1.3m $99.6m | Reduced -41.0k |
| Walleye Trading LLC 2.40% of their portfolio | 1.3m $97.9m | Added +641.3k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 1.3m $93.3m | Added +374.9k |
| Long Focus Capital Management, LLC 6.00% of their portfolio | 1.2m $92.9m | Unchanged |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 1.2m $86.7m | Reduced -246.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.05% of their portfolio | 1.2m $86.6m | Reduced -39.0k |
| J. Goldman & Co LP 2.67% of their portfolio | 1.1m $84.9m | Added +307.0k |
| Hudson Bay Capital Management LP 0.55% of their portfolio | 1.1m $84.1m | Reduced -331.1k |
| STIFEL FINANCIAL CORP 0.08% of their portfolio | 1.1m $81.8m | Added +12.1k |
| NATIONAL BANK OF CANADA /FI/ 0.09% of their portfolio | 1.1m $81.5m | Added +9.8k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.40% of their portfolio | 1.1m $81.0m | Added +18.4k |
| HS Management Partners, LLC 6.54% of their portfolio | 1.1m $80.2m | Reduced -220.1k |
| SEI INVESTMENTS CO 0.09% of their portfolio | 1.1m $80.2m | Reduced -19.7k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 1.1m $79.7m | Reduced -2.0m |
| JANE STREET GROUP, LLC 0.13% of their portfolio | 1.0m $77.8m | Reduced -1.1m |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.15% of their portfolio | 1.0m $76.2m | Reduced -90.6k |
| GLENVIEW CAPITAL MANAGEMENT, LLC 2.12% of their portfolio | 1.0m $74.8m | Reduced -210.5k |
| Mitsubishi UFJ Trust & Banking Corp 0.17% of their portfolio | 991.8k $73.7m | Added +92.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.13% of their portfolio | 989.9k $73.6m | Reduced -7.6k |
| Empower Advisory Group, LLC 0.22% of their portfolio | 985.1k $73.2m | Added +47.5k |
| LPL Financial LLC 0.02% of their portfolio | 980.3k $72.9m | Added +5.2k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 969.1k $72.0m | Reduced -16.0k |
| Tidal Investments LLC 0.46% of their portfolio | 955.4k $71.0m | Added +189.6k |
| Rockefeller Capital Management L.P. 0.08% of their portfolio | 940.6k $69.9m | Added +465.6k |
| Squarepoint Ops LLC 0.15% of their portfolio | 937.1k $69.6m | Added +476.9k |
| Vontobel Holding Ltd. 0.23% of their portfolio | 934.7k $69.5m | Reduced -39.8k |