Pegasystems
PEGA
190 hedge funds and large institutions have $1.9B invested in Pegasystems in 2023 Q1 according to their latest regulatory filings, with 44 funds opening new positions, 64 increasing their positions, 60 reducing their positions, and 37 closing their positions.
276% more call options, than puts
Call options by funds: $5M | Put options by funds: $1.33M
39% more capital invested
Capital invested by funds: $1.37B → $1.9B (+$533M)
19% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 37
3% more funds holding
Funds holding: 185 → 190 (+5)
7% more repeat investments, than reductions
Existing positions increased: 64 | Existing positions reduced: 60
2.1% less ownership
Funds ownership: 97.08% → 94.98% (-2.1%)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cadian Capital Management
New York
|
+$26.6M |
| 2 |
Millennium Management
New York
|
+$20.7M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$13.5M |
| 4 |
Los Angeles Capital Management
Los Angeles,
California
|
+$12.8M |
| 5 |
TGA
TPG GP A
Fort Worth,
Texas
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
-$46.5M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$28.6M |
| 3 |
LCG
Luxor Capital Group
New York
|
-$16.8M |
| 4 |
SRFM
Shannon River Fund Management
New York
|
-$15.9M |
| 5 |
Federated Hermes
Pittsburgh,
Pennsylvania
|
-$8.8M |
PEGA Hedge Fund Activity: Q1 2023 in Review
190 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Pegasystems (PEGA) for Q1 2023, worth a combined $1.9B — up 39% from $1.37B a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new PEGA positions and 37 closed out — a net gain of 7 holders — while 64 added to existing stakes and 60 trimmed.
The largest buyer was Cadian Capital Management, adding an estimated $26.6M. The largest seller was Riverbridge Partners, exiting entirely with an estimated $46.5M sold.
- 190 institutional investors held Pegasystems (PEGA) as of Q1 2023, up from 185 in Q4 2022.
- Funds reported $1.9B of Pegasystems stock for Q1 2023, up 39% quarter-over-quarter.
- 44 funds opened new Pegasystems positions in Q1 2023 and 37 closed out, a net change of +7 holders.
- The largest Pegasystems buyer in Q1 2023 was Cadian Capital Management, an estimated $26.6M added.
- The largest Pegasystems seller in Q1 2023 was Riverbridge Partners, an estimated $46.5M sold.
Based on aggregated 13F filings for Q1 2023.