Lindsell Train Ltd — PAYPAL HLDGS INC PYPL: Quarterly 13F Position History
Lindsell Train Ltd has reported PAYPAL HLDGS INC (PYPL) on 40 13F-HR filings in Pactolio's tracked window, first appearing in Q2 2016. As of Q1 2026, the position is sized at 4,179,623 shares ($189.0M market value, 6.03% of the equity book). Quarter-over-quarter share count change: 118,995 (-2.8%) .
- 4,179,623Shares Held (Latest Filing)
- $189.0MReported Market Value (Latest Filing)
- 6.03%Portfolio Weight (% of 13F Equity Book)
- 118,995Quarter-over-Quarter Share Change
- -$61.9MQuarter-over-Quarter Value Change
- 7,735,718Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 40 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 4,179,623 | 118,995 | -2.8% | $189.0M | 6.03% | $45.23 |
| Q4 2025 | 4,298,618 | 185,000 | -4.1% | $251.0M | 6.36% | $58.38 |
| Q3 2025 | 4,483,618 | 44,220 | -1.0% | $300.7M | 7.38% | $67.06 |
| Q2 2025 | 4,527,838 | +356,746 | +8.6% | $336.5M | 7.93% | $74.32 |
| Q1 2025 | 4,171,092 | 111,600 | -2.6% | $272.2M | 7.53% | $65.25 |
| Q4 2024 | 4,282,692 | 309,087 | -6.7% | $365.5M | 9.14% | $85.35 |
| Q3 2024 | 4,591,779 | 22,080 | -0.5% | $358.3M | 8.09% | $78.03 |
| Q2 2024 | 4,613,859 | 173,500 | -3.6% | $273.8M | 6.32% | $59.34 |
| Q1 2024 | 4,787,359 | 467,943 | -8.9% | $318.7M | 6.70% | $66.57 |
| Q4 2023 | 5,255,302 | 59,000 | -1.1% | $322.7M | 6.26% | $61.41 |
| Q3 2023 | 5,314,302 | 75,000 | -1.4% | $310.7M | 6.24% | $58.47 |
| Q2 2023 | 5,389,302 | +5,000 | +0.1% | $359.5M | 6.40% | $66.70 |
| Q1 2023 | 5,384,302 | +94,600 | +1.8% | $408.9M | 7.13% | $75.94 |
| Q4 2022 | 5,289,702 | 62,100 | -1.2% | $376.8M | 7.16% | $71.24 |
| Q3 2022 | 5,351,802 | +77,340 | +1.5% | $460.8M | 9.36% | $86.09 |
| Q2 2022 | 5,274,462 | +15,000 | +0.3% | $368.5M | 7.23% | $69.86 |
| Q1 2022 | 5,259,462 | +1,066,000 | +25.4% | $608.2M | 9.58% | $115.64 |
| Q4 2021 | 4,193,462 | +178,200 | +4.4% | $790.8M | 11.46% | $188.58 |
| Q3 2021 | 4,015,262 | 209,000 | -4.9% | $1.04B | 14.42% | $260.21 |
| Q2 2021 | 4,224,262 | 84,250 | -2.0% | $1.23B | 15.92% | $291.48 |
| Q1 2021 | 4,308,512 | 378,850 | -8.1% | $1.05B | 14.74% | $242.84 |
| Q4 2020 | 4,687,362 | 271,650 | -5.5% | $1.10B | 15.94% | $234.20 |
| Q3 2020 | 4,959,012 | 530,700 | -9.7% | $977.1M | 15.86% | $197.03 |
| Q2 2020 | 5,489,712 | 1,178,006 | -17.7% | $956.5M | 15.92% | $174.23 |
| Q1 2020 | 6,667,718 | 1,068,000 | -13.8% | $638.4M | 13.61% | $95.74 |
| Q4 2019 | 7,735,718 | +364,366 | +4.9% | $836.8M | 13.39% | $108.17 |
| Q3 2019 | 7,371,352 | +623,921 | +9.2% | $763.6M | 12.90% | $103.59 |
| Q2 2019 | 6,747,431 | +282,424 | +4.4% | $772.2M | 13.11% | $114.44 |
| Q1 2019 | 6,465,007 | +14,800 | +0.2% | $671.3M | 12.99% | $103.83 |
| Q4 2018 | 6,450,207 | +374,940 | +6.2% | $542.4M | 13.11% | $84.09 |
| Q3 2018 | 6,075,267 | +153,750 | +2.6% | $533.7M | 12.09% | $87.84 |
| Q2 2018 | 5,921,517 | 556,000 | -8.6% | $493.1M | 12.22% | $83.27 |
| Q1 2018 | 6,477,517 | +426,000 | +7.0% | $491.4M | 12.99% | $75.87 |
| Q4 2017 | 6,051,517 | 156,250 | -2.5% | $445.5M | 12.81% | $73.62 |
| Q3 2017 | 6,207,767 | 81,490 | -1.3% | $397.5M | 13.39% | $64.03 |
| Q2 2017 | 6,289,257 | +7,274 | +0.1% | $337.5M | 13.11% | $53.67 |
| Q1 2017 | 6,281,983 | +232,200 | +3.8% | $270.3M | 11.79% | $43.02 |
| Q4 2016 | 6,049,783 | +676,300 | +12.6% | $238.8M | 11.73% | $39.47 |
| Q3 2016 | 5,373,483 | 0 | — | $196.2M | 10.69% | $36.51 |
| Q2 2016 | 5,373,483 | — | — | $196.2M | 10.69% | $36.51 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Lindsell Train Ltd first disclose a PYPL position in 13F-HR filings?
Lindsell Train Ltd first reported PAYPAL HLDGS INC (PYPL) on its 13F-HR filing for the period ending 2016-06-30 (Q2 2016). The position has appeared on 40 reported quarters within Pactolio's tracked window.
What was Lindsell Train Ltd's most recent quarter-over-quarter share-count change in PYPL?
Between Q4 2025 and Q1 2026, Lindsell Train Ltd reduced its PYPL position by 118,995 shares (-2.8%), leaving 4,179,623 shares at a market value of $189.0M.
Does the implied price-per-share represent Lindsell Train Ltd's cost basis in PYPL?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.