What smart money is saying about PayPal Holdings
2 funds in our archive have pitched PayPal Holdings — most recently Greenlight Capital Funds in June 2026.
PayPal Holdings, Inc. provides a worldwide technological framework that facilitates digital financial transactions for both businesses and individual users. The company offers a wide array of payment services through well-known brands such as PayPal, PayPal Credit, Braintree, Venmo, Xoom, Zettle, Hyperwallet, Honey, and Paidy. Through its extensive platform, consumers are able to send and receive funds across roughly 200 global markets and in approximately 100 different currencies. Additionally, users can transfer money to their bank accounts in 56 currencies and maintain account balances in 25 distinct currencies within their PayPal accounts. Founded in 1998, the company's corporate headquarters are situated in San Jose, California.
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Position history
Between Q4 2025 and Q3 2026, 14 fund letters reported a position in PayPal Holdings — 1 opened or added to the position, 7 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 8 | 0 | 4 | 0 |
| Q2 2026 | 4 | 1 | 2 | 1 |
| Q1 2026 | 2 | 0 | 1 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
Fund activity · 14 positions · 8 moves
- ExitedVision Capital FundSeptember 2026
“The four losers (Paycom Software, PayPal, Lululemon, and The Trade Desk) we exited share one pattern.”
PayPal Holdings - September 2026
Listed in Lindsell Train Global Equity Fund’s reported holdings.
PayPal Holdings - ExitedNixon CapitalSeptember 2026
“Our year-to-date losses were driven largely by four of our five largest holdings at the start of 2026, which declined an average of 23% through September. We realized a loss on PayPal (PYPL), which we exited after our investment thesis broke down.”
PayPal Holdings - September 2026
“We exited six positions, which is more than usual. PayPal was a painful investment. We held it for four and a half years waiting for a turnaround that never came. When a buyer bid for the company, we took it as our chance to get out. We lost 40% on it. That is a mistake, plain and simple, and I'm sorry it cost us money.”
PayPal Holdings - ExitedGreenlight CapitalSeptember 2026
“PayPal: We introduced this idea last quarter.”
PayPal Holdings - August 2026
“PayPal (-8%) was one of the biggest fallers over the month, caught up in ongoing takeover activity with an approach from Stripe/Advent.”
PayPal Holdings - July 2026
“And finally, the elevated level of corporate activity continued, with a new bid for PayPal (+32%), and renewed interest in Brown-Forman (+7%). PayPal’s suitors are Stripe, the financial services company, and Advent, the US private equity firm, which made a joint all-cash bid of $53.4bn or $60.50 per share.”
PayPal Holdings - July 2026
“The top three absolute contributors to the Fund’s performance in July were PayPal, Nintendo and RELX,”
PayPal Holdings - HoldsPacker & Co Investigator TrustJune 2026
Listed in Packer & Co Investigator Trust’s reported holdings.
PayPal Holdings - TrimmedMayar CapitalJune 2026
“We also trimmed four positions: PayPal, Brenntag, Johnson Service Group and Novo Nordisk.”
PayPal Holdings - June 2026
“We also eliminated seven positions during the second quarter. PayPal was eliminated after a change in management and a weak earnings report raised questions about its competitive position.”
PayPal Holdings - New positionGreenlight Capital FundsJune 2026
“PayPal Holdings (PYPL) is a consumer-facing payments platform with over 400 million active customers around the world. PYPL has long been viewed as being on the wrong side of the shift toward newer payment methods like Apple Pay, Shop Pay and Buy-Now-Pay-Later. After disappointing fourth-quarter results and a CEO transition, the stock sold off, creating an opportunity for us to acquire our position at an average price of $43.53.”
PayPal Holdings - March 2026
“Portfolio Commentary In the first quarter of 2026 the Select Equity composite eked out a gain of 1.17% net of fees compared to a loss of 4.33% for the S&P 500. What became clear is that companies with strong backlogs of customer business were rewarded and those with more economically sensitive customers underperformed. The best contributors were led by Vertiv Holdings Co., Advanced Energy Industries, Inc., and Curtiss- Wright Corporation. All three saw customer order growth adding to already strong backlogs in their respective fields of computing infrastructure, and aerospace/nuclear power. We continue to monitor their business closely for cracks in the foundation but remain confident that they are essential to customers and the prospects for growth are solid. Hardman Johnston Global Advisors LLC®, 300 Atlantic Street, Stamford, CT 06901 T203 324 4722 hardmanjohnston.com 4 Hardman Johnston Select Equity 2 0 2 6 F I R S T QU A R T E R R E P O R T Detractors were led by PayPal Holdings, Inc.. The company has not demonstrated that it can capitalize on what should be strong competitive advantages in the digital payments space, leading us to exit the position.”
PayPal Holdings - March 2026
“Mastercard Inc. United States 3.6 Financial Services PayPal Holdings, Inc. United States 1.4 Financial Services”
PayPal Holdings
Also mentioned · 4
These funds discuss PayPal Holdings — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedVlatava fund Vltava Fund SICAV, plcJune 2026
“From a business perspective, it is a comprehensive, data-driven platform combining elements of Visa, PayPal, Amazon, Shopify, a bank, a BNPL (buy now, pay later) provider, and digital public infrastructure.”
PayPal Holdings - MentionedOptimist FundJune 2026
“Founder-led, owner-aligned Affirm was founded and is still run by Max Levchin who owns over $2B in stock. This is not Max’s first success as he was a co-founder of PayPal alongside Peter Thiel and Elon Musk.”
PayPal Holdings - MentionedNinepointJune 2025
“Growing Demand for Cryptoassets So far, in 2025, we’ve seen rapid, large-scale adoption of crypto, AI and other emerging technologies by institutional players. Asset managers like BlackRock, Fidelity and Apollo are tokenizing real-world assets on public blockchains; major banks are developing stablecoins; and payment giants like Visa and PayPal are expanding crypto access.”
PayPal Holdings - MentionedHerford CapitalMarch 2025
“Peter Thiel – co-founder of PayPal and Palantir, and an early investor in Airbnb, Facebook, SpaceX, Stripe, Spotify, and Trade Republic, among others –”
PayPal Holdings
Fund coverage · 2 theses
- Greenlight Capital FundsJune 2026
PayPal Holdings is a large consumer payments platform whose payment assets appear undervalued at the entry multiple.
Read the full thesis - Artisan Select Equity StrategyDecember 2025
PayPal Holdings Inc is a large two-sided payments network with challenged branded checkout trends but solid cash generation and a low multiple that could re-rate if execution improves.
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