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David Einhorn is back in PYPL after 8 years out, now 1.57% of the portfolio.

Re-entered with 1,424,320 shares worth $61.5M; the fund had sold out of the name in 2018 Q2.
Published · Based on SEC filings

Medium impact
Re-entry
2026 Q2

David Einhorn's Greenlight Capital returned to PayPal Holdings Inc (PYPL) in 2026 Q2, according to the 13F-HR filed with the SEC on August 14, 2026: 1.42M shares worth about $61.5M at June 30, 2026, 1.57% of the portfolio. The fund had sold out of the name in 2018 Q2. PYPL enters the book as the 23rd largest of 46 stock positions.

What did the 2026 Q2 filing report for PYPL?

As of June 30, 2026, from the 13F-HR filed August 14, 2026.

Value
Shares 1.42M
Reported value $61.5M
Portfolio weight 1.57%
Rank in portfolio 23rd of 46
Sold out in 2018 Q2
Out for 8 years

How big is the returning PYPL position?

David Einhorn opened 7 stock positions in 2026 Q2; PYPL is the 4th largest of them by weight. An average stock position in the David Einhorn portfolio is 2% of the reported value, so the new name starts below the fund's typical size.

Where does PYPL sit in the David Einhorn portfolio?

PYPL ranks 23rd of 46 stock positions in the David Einhorn portfolio at 1.57%, below the fund's average stock position of 2%. The largest stock position is GRBK at 19.39%. Next come FLR at 6.24% and CNR at 4.67%. The three largest stocks together are 30.3% of the book. The PYPL purchase was the 6th largest of the quarter's 35 position changes by percent change to portfolio. Across the 2026 Q2 portfolio, David Einhorn reported 46 stock positions, with 7 opened and 6 closed. The total portfolio value is about $3.9B, up 23% from the prior quarter.

David Einhorn buys and sells, 2026 Q2

When did David Einhorn hold PYPL before?

David Einhorn held PYPL before. The fund first reported the name in the quarter ended March 31, 2018, sold out in 2018 Q2 and is back after 8 years out. The new stake is already larger than any weight the fund reported for the name before. Every reported trade is on the David Einhorn PYPL trade history page.

David Einhorn shares of PYPL by quarter

Did other funds buy or sell PYPL in 2026 Q2?

Among the other tracked funds that had filed for 2026 Q2 as of August 14, 2026, 5 hold PYPL. The largest buyer of PYPL this quarter was Donald Yacktman. The largest seller was Lindsell Train. Every tracked holder of PYPL is on the PYPL ownership page.

FAQ

How many PYPL shares does David Einhorn hold?

David Einhorn holds 1.42M shares of PYPL as of June 30, 2026, worth about $61.5M.

What is PYPL's weight in the David Einhorn portfolio?

PYPL is 1.57% of the David Einhorn portfolio and ranks 23rd of 46 stocks by weight.

Has David Einhorn owned PYPL before?

Yes. David Einhorn held PYPL before. The fund first reported the name in the quarter ended March 31, 2018, sold out in 2018 Q2 and is back after 8 years out.

How many other tracked funds hold PYPL?

5 other tracked funds that had filed for 2026 Q2 hold PYPL.

Source: based on original SEC filings

Figures are from the fund's 13F, which lists long US-listed positions at quarter-end prices. Cash, short positions and most non-US holdings are not reported.
Stocks mentioned
Alan Irwin
Alan Irwin
Valuesider analyst