Vanguard Capital Management Acquires 6.99% Stake in PayPal Holdings Inc

Vanguard Capital Management LLC has filed a Schedule 13G with the SEC, reporting a significant new ownership stake in PayPal Holdings Inc (PYPL). As of March 31, 2026, the investment adviser disclosed beneficial ownership of 64,386,654 shares of common stock, representing 6.99% of the company. This filing marks a substantial increase from a previously reported 0% position, indicating a strategic entry or consolidation of holdings by Vanguard. The filing specifies that Vanguard Capital Management exercises sole dispositive power over all 64,386,654 shares, while maintaining sole voting power over 8,390,286 shares. The reporting entity includes various affiliates such as Vanguard Asset Management Limited and Vanguard Global Advisers, LLC. The securities were acquired in the ordinary course of business and not for the purpose of changing or influencing the control of PayPal. This move positions Vanguard as a major institutional shareholder in the digital payments leader, reflecting a multibillion-dollar commitment based on current market valuations.