PYPL ranks #264 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
PYPL is a top-conviction position for Comprehensive Financial Management LLC — at 33.9% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in PYPL belongs to BlackRock, Inc., but the position matters far more to Comprehensive Financial Management LLC, who has 33.9% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Great Hill Capital LLC has added to its PYPL position for two straight quarters, increasing it by $692.9M to reach $965.1M today.
BlackRock has trimmed its PYPL position for two straight quarters, cutting it by $1.0B while still holding $3.2B.
PYPL is down 12.7% today, but institutions show net buying of $3.4B this quarter — a divergence between today's price move and the underlying institutional flow.