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1,962 hedge funds and large institutions have $62B invested in PayPal in 2023 Q1 according to their latest regulatory filings, with 168 funds opening new positions, 795 increasing their positions, 786 reducing their positions, and 169 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.02% more ownership

Funds ownership: 72.82% → 73.84% (+1%)

4% more capital invested

Capital invested by funds: $59.7B → $62B (+$2.3B)

1% more repeat investments, than reductions

Existing positions increased: 795 | Existing positions reduced: 786

1% less first-time investments, than exits

New positions opened: 168 | Existing positions closed: 169

2% less funds holding

Funds holding: 2,009 → 1,962 (-47)

7% less funds holding in top 10

Funds holding in top 10: 54 → 50 (-4)

18% less call options, than puts

Call options by funds: $2.81B | Put options by funds: $3.45B

Holders
1,962
Holders Change
-47
Holders Change %
-2.34%
% of All Funds
31.27%
Holding in Top 10
50
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-7.41%
% of All Funds
0.8%
New
168
Increased
795
Reduced
786
Closed
169
Calls
$2.81B
Puts
$3.45B
Net Calls
-$638M
Net Calls Change
-$608M

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$281M
2
Fidelity Investments
Fidelity Investments
Massachusetts
+$230M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$198M
4
Select Equity Group
Select Equity Group
New York
+$130M
5
Bank of America
Bank of America
North Carolina
+$126M

Top Sellers

Rank Fund Capital Flow
1
Dodge & Cox
Dodge & Cox
California
-$575M
2
Citadel Advisors
Citadel Advisors
Florida
-$426M
3
Aristotle Capital Management
Aristotle Capital Management
California
-$352M
4
AllianceBernstein
AllianceBernstein
Tennessee
-$327M
5
DZ Bank
DZ Bank
Germany
-$229M
Name Holding Trade Value Shares
Change 		Change in
Stake
PIM
2001
Progressive Investment Management
Oregon
– -$3.24M -45,473 Closed
HF
2002
HRT Financial
New York
– -$3.4M -44,120 Closed
TF
2003
Trek Financial
Arizona
– -$3.14M -44,096 Closed
DP
2004
DDD Partners
Washington
– -$3.06M -43,012 Closed
RAM
2005
Roanoke Asset Management
New Jersey
– -$2.96M -41,496 Closed
LCM
2006
Lynwood Capital Management
Ontario, Canada
– -$2.85M -40,000 Closed
ZCM
2007
Zenyatta Capital Management
Delaware
– -$2.85M -40,000 Closed
ASGS
2008
Alpha Square Group S
New York
– -$2.64M -37,000 Closed
VIG
2009
Vienna Insurance Group
Poland
– -$2.56M -36,014 Closed
AGAM
2010
Avalon Global Asset Management
California
– -$2.49M -35,000 Closed
GMA
2011
Glassy Mountain Advisors
Maryland
– -$2.22M -31,233 Closed
PMAM
2012
Picton Mahoney Asset Management
Ontario, Canada
– -$1.91M -26,885 Closed
CCG
2013
Cloverfields Capital Group
Minnesota
– -$1.81M -25,350 Closed
OAG
2014
Orbis Allan Gray
Bermuda
– -$1.81M -25,347 Closed
RIM
2015
Reliant Investment Management
Tennessee
– -$1.62M -22,768 Closed
WI
2016
Wintrust Investments
Illinois
– -$1.53M -20,009 Closed
PWAG
2017
Polaris Wealth Advisory Group
California
– -$1.44M -18,287 Closed
CCA
2018
Cora Capital Advisors
New Jersey
– -$1.24M -17,389 Closed
GTCM
2019
Gyon Technologies Capital Management
New Jersey
– -$1.19M -16,664 Closed
CCS
2020
Concentric Capital Strategies
Connecticut
– -$1.09M -15,244 Closed
WMSA
2021
Weiss Multi-Strategy Advisers
New York
– -$1.07M -15,000 Closed
JCM
2022
Jacobsen Capital Management
Utah
– -$1.06M -14,947 Closed
MTIM
2023
Marathon Trading Investment Management
Pennsylvania
– -$1.02M -14,333 Closed
SCA
2024
Sassicaia Capital Advisers
New York
– -$1M -14,051 Closed
PFO
2025
PMC FIG Opportunities
Israel
– -$890K -12,500 Closed
79 80
81
82 83

PYPL Hedge Fund Activity: Q1 2023 in Review

1,962 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in PayPal (PYPL) for Q1 2023, worth a combined $62B — up 3.8% from $59.7B a quarter earlier.

Sellers outnumbered buyers: 169 funds closed out of PYPL and 168 opened new positions — a net loss of 1 holder — while 786 trimmed existing stakes and 795 added.

The largest buyer was JP Morgan Chase, adding an estimated $281M. The largest seller was Dodge & Cox, cutting an estimated $575M.

  • 1,962 institutional investors held PayPal (PYPL) as of Q1 2023, down from 2,009 in Q4 2022.
  • Funds reported $62B of PayPal stock for Q1 2023, up 3.8% quarter-over-quarter.
  • 168 funds opened new PayPal positions in Q1 2023 and 169 closed out, a net change of -1 holder.
  • The largest PayPal buyer in Q1 2023 was JP Morgan Chase, an estimated $281M added.
  • The largest PayPal seller in Q1 2023 was Dodge & Cox, an estimated $575M sold.

Based on aggregated 13F filings for Q1 2023.