Cliff Asness's PYPL Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 2.1M shares of PayPal Holdings, Inc. (PYPL) worth $140.24 M, representing 0.09% of the portfolio. First purchased in 2015-Q3, this long-term strategic position has been held for 41 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 Q2 2018, adding 1.4M shares. Largest reduction occurred in Q3 2018, reducing 1.2M 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
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q3 2015 | +946,277 | New Buy | 946,277 | $31.04 |
| Q4 2015 | +430,009 | Add 45.44% | 1.38 M | $36.20 |
| Q1 2016 | -1.17 M | Reduce 85.04% | 205,852 | $38.60 |
| Q2 2016 | -63,279 | Reduce 30.74% | 142,573 | $36.51 |
| Q3 2016 | -35,666 | Reduce 25.02% | 106,907 | $40.97 |
| Q4 2016 | +281,147 | Add 262.98% | 388,054 | $39.47 |
| Q1 2017 | +179,175 | Add 46.17% | 567,229 | $43.02 |
| Q2 2017 | -520,271 | Reduce 91.72% | 46,958 | $53.66 |
| Q3 2017 | +85,008 | Add 181.03% | 131,966 | $64.03 |
| Q4 2017 | +75,051 | Add 56.87% | 207,017 | $73.62 |
| Q1 2018 | +1.33 M | Add 642.63% | 1.54 M | $75.87 |
| Q2 2018 | +1.36 M | Add 88.50% | 2.9 M | $83.27 |
| Q3 2018 | -1.23 M | Reduce 42.54% | 1.67 M | $87.84 |
| Q4 2018 | -439,942 | Reduce 26.42% | 1.23 M | $84.09 |
| Q1 2019 | -538,179 | Reduce 43.92% | 687,130 | $103.84 |
| Q2 2019 | +518,599 | Add 75.47% | 1.21 M | $114.46 |
| Q3 2019 | -111,078 | Reduce 9.21% | 1.09 M | $103.59 |
| Q4 2019 | -491,065 | Reduce 44.86% | 603,586 | $108.17 |
| Q1 2020 | -126,591 | Reduce 20.97% | 476,995 | $95.74 |
| Q2 2020 | +33,935 | Add 7.11% | 510,930 | $171.83 |
| Q3 2020 | +111,137 | Add 21.75% | 622,067 | $196.22 |
| Q4 2020 | -114,428 | Reduce 18.39% | 507,639 | $230.95 |
| Q1 2021 | +16,573 | Add 3.26% | 524,212 | $242.84 |
| Q2 2021 | +115,189 | Add 21.97% | 639,401 | $289.98 |
| Q3 2021 | -154,629 | Reduce 24.18% | 484,772 | $260.21 |
| Q4 2021 | -162,243 | Reduce 33.47% | 322,529 | $188.58 |
| Q1 2022 | -116,754 | Reduce 36.20% | 205,775 | $115.65 |
| Q2 2022 | +63,735 | Add 30.97% | 269,510 | $67.86 |
| Q3 2022 | -218,955 | Reduce 81.24% | 50,555 | $86.06 |
| Q4 2022 | +48,050 | Add 95.05% | 98,605 | $70.05 |
| Q1 2023 | +688,652 | Add 698.39% | 787,257 | $74.47 |
| Q2 2023 | +205,125 | Add 26.06% | 992,382 | $66.47 |
| Q3 2023 | +529,858 | Add 53.39% | 1.52 M | $58.46 |
| Q4 2023 | +743,298 | Add 48.83% | 2.27 M | $61.41 |
| Q1 2024 | -625,930 | Reduce 27.63% | 1.64 M | $66.99 |
| Q2 2024 | +108,066 | Add 6.59% | 1.75 M | $58.03 |
| Q3 2024 | -63,505 | Reduce 3.63% | 1.68 M | $78.03 |
| Q4 2024 | +1.34 M | Add 79.62% | 3.03 M | $85.35 |
| Q1 2025 | +476,763 | Add 15.76% | 3.5 M | $63.96 |
| Q2 2025 | -277,984 | Reduce 7.94% | 3.22 M | $74.18 |
| Q3 2025 | -1.13 M | Reduce 35.13% | 2.09 M | $67.06 |
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 41 quarters since Q3 2015. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to PayPal Holdings, Inc. (PYPL) was in Q2 2018, adding 2,898,021 shares worth $241.32 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 2,091,300 shares of PayPal Holdings, Inc. (PYPL), valued at approximately $140.24 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, PayPal Holdings, Inc. (PYPL) represents approximately 0.09% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in PayPal Holdings, Inc. (PYPL) was 3,501,936 shares, as reported at the end of Q1 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.