PayPal Holdings, Inc.
US ˙ NasdaqGS ˙ US70450Y1038

SecurityPYPL / PayPal Holdings, Inc.
InstitutionLazard Asset Management Llc
Latest Disclosed Ownership537,800 shares
Latest Disclosed Value $ 24,324,694
Lazard Asset Management Llc reports 73.90% decrease in ownership of PYPL / PayPal Holdings, Inc.

On May 15, 2026 - Lazard Asset Management Llc filed a 13F-HR form disclosing ownership of 537,800 shares of PayPal Holdings, Inc. (US:PYPL) valued at $24,324,694 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 2,060,865 shares of PayPal Holdings, Inc.. This represents a change in shares of -73.90% during the quarter. The current value of the position is $22,205,762 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-15 2026-03-31 13F PAYPAL HLDGS COM 70450Y103 537,800 -1,523,065 -73.90 24,325 -79.78 0.0209
2026-02-17 2025-12-31 13F PAYPAL HLDGS COM 70450Y103 2,060,865 -106,674 -4.92 120,313 -17.23 0.2038
2025-11-14 2025-09-30 13F PAYPAL HLDGS COM 70450Y103 2,167,539 61,324 2.91 145,355 93,076.28 0.1957
2025-08-14 2025-06-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 2,106,215 1,925,583 1,066.03 157 1,318.18 0.2154
2025-05-15 2025-03-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 180,632 106,895 144.97 12 83.33 0.0181
2025-02-14 2024-12-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 73,737 -12,695 -14.69 6 0.00 0.0092
2024-11-14 2024-09-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 86,432 15,258 21.44 7 50.00 0.0090
2024-08-14 2024-06-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 71,174 25,199 54.81 4 33.33 0.0052
2024-07-09 2024-03-31 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 45,975 -230,416 -83.37 3 -81.25 0.0037
2024-05-14 2024-03-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 45,975 -230,416 3 0.0037
2024-02-14 2023-12-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 276,391 26,139 10.45 17 14.29 0.0215
2023-11-14 2023-09-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 250,252 197,528 374.65 15 366.67 0.0199
2023-08-15 2023-06-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 52,724 6,179 13.28 4 0.00 0.0043
2023-05-15 2023-03-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 46,545 -1,646,912 -97.25 4 -100.00 0.0046
2023-02-15 2022-12-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 1,693,457 47,093 2.86 120,607 -14.89 0.1661
2022-11-14 2022-09-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 1,646,364 291,035 21.47 141,701 49.70 0.2070
2022-08-09 2022-06-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 1,355,329 -87,069 -6.04 94,655 -43.26 0.1280
2022-05-13 2022-03-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 1,442,398 1,343,165 1,353.55 166,812 791.47 0.1933
2022-02-09 2021-12-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 99,233 -144,779 -59.33 18,712 -70.53 0.0199
2021-11-15 2021-09-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 244,012 -3,820 -1.54 63,493 -12.11 0.0716
2021-08-12 2021-06-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 247,832 3,049 1.25 72,238 21.53 0.0811
2021-05-14 2021-03-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 244,783 177,961 266.32 59,442 279.85 0.0720
2021-02-11 2020-12-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 66,822 -201,762 -75.12 15,649 -70.43 0.0198
2020-11-13 2020-09-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 268,584 196,018 270.12 52,918 318.59 0.0744
2020-08-13 2020-06-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 72,566 -6,616 -8.36 12,642 66.80 0.0194
2020-05-14 2020-03-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 79,182 -19,509 -19.77 7,579 -29.00 0.0139
2020-02-13 2019-12-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 98,691 -140,675 -58.77 10,675 -56.95 0.0152
2019-11-14 2019-09-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 239,366 62,830 35.59 24,795 22.71 0.0407
2019-08-14 2019-06-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 176,536 32,322 22.41 20,206 34.93 0.0328
2019-08-28 2019-03-31 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 144,214 25,113 21.09 14,975 49.53 0.0245
2019-05-13 2019-03-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 144,214 25,214 14,975
2019-08-28 2018-12-31 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 119,101 10,310 9.48 10,015 4.80 0.0184
2019-02-13 2018-12-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 119,000 10,209 10,006
2019-08-30 2018-09-30 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 108,791 10,039 10.17 9,556 16.21 0.0155
2018-11-13 2018-09-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 108,791 10,039 9,556
2019-08-30 2018-06-30 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 98,752 16,836 20.55 8,223 32.33 0.0143
2018-08-13 2018-06-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 98,752 16,836 8,223
2019-08-28 2018-03-31 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 81,916 -31,037 -27.48 6,214 -25.26 0.0106
2018-05-14 2018-03-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 81,916 -31,037 6,214
2019-08-28 2017-12-31 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 112,953 21,819 23.94 8,314 42.49 0.0142
2018-02-13 2017-12-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 112,953 21,819 8,314
2019-08-19 2017-09-30 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 91,134 26 0.03 5,835 19.35 0.0106
2017-11-13 2017-09-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 91,134 57 5,835
2019-08-19 2017-06-30 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 91,108 -3,100 -3.29 4,889 20.66 0.0092
2017-08-11 2017-06-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 91,077 -3,131 4,888
2019-08-13 2017-03-31 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 94,208 91,300 3,139.61 4,052 3,454.39 0.0076
2017-05-12 2017-03-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 94,208 91,300 4,052
2019-07-30 2016-12-31 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 2,908 172 6.29 114 1.79 0.0002
2017-02-13 2016-12-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 2,908 203 114
2019-08-07 2016-09-30 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 2,736 -111,119 -97.60 112 -97.31 0.0002
2016-11-14 2016-09-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 2,705 -111,119 110
2019-07-29 2016-06-30 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 113,855 113,855 4,156 0.0088
2016-08-15 2016-06-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 113,824 113,824 4,155
2019-07-25 2016-03-31 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 0 -11,828 -100.00 0 -100.00
2019-07-24 2015-12-31 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 11,828 -2,141,725 -99.45 428 -99.36 0.0010
2016-02-12 2015-12-31 13F PAYPAL HOLDINGS Common Stock 70450Y103 11,828 -2,141,725 428
2019-07-15 2015-09-30 13F/A-1 PAYPAL HOLDINGS Common Stock 70450Y103 2,153,553 2,153,553 66,845 0.1598
2015-11-13 2015-09-30 13F PAYPAL HOLDINGS Common Stock 70450Y103 2,153,553 66,845 0.1733
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.