Cliff Asness's PYPL Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 5.09 M shares of PayPal Holdings, Inc. (PYPL) worth $297.13 M, representing 0.16% of the portfolio. First purchased in 2015-Q3, this long-term strategic position has been held for 42 quarters.
Based on 13F filings since 2013, Cliff Asness has maintained a long-term strategic position in PYPL, representing a significant commitment to this investment thesis. Largest addition occurred in Q4 2025, adding 3 M shares. Largest reduction occurred in Q3 2018, reducing 1.23 M shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's PayPal Holdings (PYPL) Holding Value Over Time
Track share changes against reported price movement
Quarterly PayPal Holdings (PYPL) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +3 M | Add 143.37% | 5.09 M | $58.38 |
| Q3 2025 | -1.13 M | Reduce 35.13% | 2.09 M | $67.06 |
| Q2 2025 | -277,984 | Reduce 7.94% | 3.22 M | $74.18 |
| Q1 2025 | +476,763 | Add 15.76% | 3.5 M | $63.96 |
| Q4 2024 | +1.34 M | Add 79.62% | 3.03 M | $85.35 |
| Q3 2024 | -63,505 | Reduce 3.63% | 1.68 M | $78.03 |
| Q2 2024 | +108,066 | Add 6.59% | 1.75 M | $58.03 |
| Q1 2024 | -625,930 | Reduce 27.63% | 1.64 M | $66.99 |
| Q4 2023 | +743,298 | Add 48.83% | 2.27 M | $61.41 |
| Q3 2023 | +529,858 | Add 53.39% | 1.52 M | $58.46 |
| Q2 2023 | +205,125 | Add 26.06% | 992,382 | $66.47 |
| Q1 2023 | +688,652 | Add 698.39% | 787,257 | $74.47 |
| Q4 2022 | +48,050 | Add 95.05% | 98,605 | $70.05 |
| Q3 2022 | -218,955 | Reduce 81.24% | 50,555 | $86.06 |
| Q2 2022 | +63,735 | Add 30.97% | 269,510 | $67.86 |
| Q1 2022 | -116,754 | Reduce 36.20% | 205,775 | $115.65 |
| Q4 2021 | -162,243 | Reduce 33.47% | 322,529 | $188.58 |
| Q3 2021 | -154,629 | Reduce 24.18% | 484,772 | $260.21 |
| Q2 2021 | +115,189 | Add 21.97% | 639,401 | $289.98 |
| Q1 2021 | +16,573 | Add 3.26% | 524,212 | $242.84 |
| Q4 2020 | -114,428 | Reduce 18.39% | 507,639 | $230.95 |
| Q3 2020 | +111,137 | Add 21.75% | 622,067 | $196.22 |
| Q2 2020 | +33,935 | Add 7.11% | 510,930 | $171.83 |
| Q1 2020 | -126,591 | Reduce 20.97% | 476,995 | $95.74 |
| Q4 2019 | -491,065 | Reduce 44.86% | 603,586 | $108.17 |
| Q3 2019 | -111,078 | Reduce 9.21% | 1.09 M | $103.59 |
| Q2 2019 | +518,599 | Add 75.47% | 1.21 M | $114.46 |
| Q1 2019 | -538,179 | Reduce 43.92% | 687,130 | $103.84 |
| Q4 2018 | -439,942 | Reduce 26.42% | 1.23 M | $84.09 |
| Q3 2018 | -1.23 M | Reduce 42.54% | 1.67 M | $87.84 |
| Q2 2018 | +1.36 M | Add 88.50% | 2.9 M | $83.27 |
| Q1 2018 | +1.33 M | Add 642.63% | 1.54 M | $75.87 |
| Q4 2017 | +75,051 | Add 56.87% | 207,017 | $73.62 |
| Q3 2017 | +85,008 | Add 181.03% | 131,966 | $64.03 |
| Q2 2017 | -520,271 | Reduce 91.72% | 46,958 | $53.66 |
| Q1 2017 | +179,175 | Add 46.17% | 567,229 | $43.02 |
| Q4 2016 | +281,147 | Add 262.98% | 388,054 | $39.47 |
| Q3 2016 | -35,666 | Reduce 25.02% | 106,907 | $40.97 |
| Q2 2016 | -63,279 | Reduce 30.74% | 142,573 | $36.51 |
| Q1 2016 | -1.17 M | Reduce 85.04% | 205,852 | $38.60 |
| Q4 2015 | +430,009 | Add 45.44% | 1.38 M | $36.20 |
| Q3 2015 | +946,277 | New Buy | 946,277 | $31.04 |
Cliff Asness's PayPal Holdings Investment FAQs
Cliff Asness first purchased PayPal Holdings, Inc. (PYPL) in Q3 2015, acquiring 946,277 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held PayPal Holdings, Inc. (PYPL) for 42 quarters since Q3 2015.
Cliff Asness's largest addition to PayPal Holdings, Inc. (PYPL) was in Q4 2025, adding 5,089,586 shares worth $297.13 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 5,089,586 shares of PayPal Holdings, Inc. (PYPL), valued at approximately $297.13 M.
As of the Q4 2025 filing, PayPal Holdings, Inc. (PYPL) represents approximately 0.16% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in PayPal Holdings, Inc. (PYPL) was 5,089,586 shares, as reported at the end of Q4 2025.