Veteran UK-based investment firm Lindsell Train reduced its holding in PayPal (PYPL) by 24.3%, selling approximately 1.02 million shares during the second quarter of 2026. The sale lowered its total position to 3.16 million shares, valued at $136.56 million as of the reporting date. This trade was disclosed in a quarterly 13F filing with the SEC, which reports positions held as of June 30, 2026, reflecting investment decisions made sometime in the prior three months.
The reduction in PayPal occurred alongside similar trims in several of the firm's other top holdings, suggesting the move was part of a broader rebalancing rather than a specific change in thesis on the payments company. Lindsell Train, known for its concentrated, low-turnover approach, still maintains a significant 5.19% portfolio weight in the stock.