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Pagaya Technologies
PGY

164 hedge funds and large institutions have $888M invested in Pagaya Technologies in 2025 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 63 increasing their positions, 35 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

157% more capital invested

Capital invested by funds: $346M → $888M (+$542M)

150% more funds holding in top 10

Funds holding in top 10: 2 → 5 (+3)

147% more first-time investments, than exits

New positions opened: 47 | Existing positions closed: 19

80% more repeat investments, than reductions

Existing positions increased: 63 | Existing positions reduced: 35

79% more call options, than puts

Call options by funds: $47.2M | Put options by funds: $26.4M

20% more funds holding

Funds holding: 137 → 164 (+27)

13.31% more ownership

Funds ownership: 52.7% → 66.01% (+13%)

Holders
164
Holders Change
+27
Holders Change %
+19.71%
% of All Funds
2.16%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.07%
New
47
Increased
63
Reduced
35
Closed
19
Calls
$47.2M
Puts
$26.4M
Net Calls
+$20.8M
Net Calls Change
+$16.4M

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$25M
2
Morgan Stanley
Morgan Stanley
New York
+$16M
3
JP Morgan Chase
JP Morgan Chase
New York
+$16M
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$15.8M
5
Citadel Advisors
Citadel Advisors
Florida
+$14.5M

Top Sellers

Rank Fund Capital Flow
1
VVVM4
Viola Ventures VC Management 4
Israel
-$29.1M
2
FCM
Frontier Capital Management
Massachusetts
-$21.1M
3
Goldman Sachs
Goldman Sachs
New York
-$18.5M
4
CI
Clal Insurance
Israel
-$7.13M
5
Squarepoint
Squarepoint
New York
-$1.87M
Name Holding Trade Value Shares
Change 		Change in
Stake
Federated Hermes
26
Federated Hermes
Pennsylvania
$9.08M +$6.06M +426,107 New
Arrowstreet Capital
27
Arrowstreet Capital
Massachusetts
$8.76M +$5.85M +410,876 New
Goldman Sachs
28
Goldman Sachs
New York
$8.6M -$18.5M -1,301,923 -76%
AQR Capital Management
29
AQR Capital Management
Connecticut
$5.75M -$513K -36,067 -12%
GIPM
30
G2 Investment Partners Management
New York
$5.4M +$3.61M +253,437 New
DSCM
31
Divisadero Street Capital Management
Florida
$4.94M +$3.3M +231,919 New
HF
32
HRT Financial
New York
$4.76M +$1.87M +131,173 +143%
QT
33
Quantbot Technologies
New York
$4.71M +$198K +13,908 +7%
SRFM
34
Shannon River Fund Management
New York
$4.35M +$2.9M +204,171 New
Bank of America
35
Bank of America
North Carolina
$4.35M -$252K -17,746 -8%
PP
36
PDT Partners
New York
$4.33M -$215K -15,124 -7%
Renaissance Technologies
37
Renaissance Technologies
New York
$4.31M +$2.88M +202,185 New
BFM
38
Boothbay Fund Management
New York
$4.31M +$2.88M +202,183 New
Verition Fund Management
39
Verition Fund Management
Connecticut
$3.96M +$713K +50,112 +37%
GC
40
Globeflex Capital
California
$3.9M +$2.6M +182,993 New
PFO
41
PMC FIG Opportunities
Israel
$3.9M +$2.6M +182,869 New
Squarepoint
42
Squarepoint
New York
$3.86M -$1.87M -131,734 -42%
AIM
43
ARK Investment Management
Florida
$3.68M -$660K -46,360 -21%
N
44
Numerai
California
$3.65M +$2.44M +171,302 New
EGM
45
Engineers Gate Manager
New York
$3.39M +$1.81M +127,399 +406%
DFCM
46
Dark Forest Capital Management
Puerto Rico
$2.82M +$1.88M +132,448 New
AI
47
Aflac Inc
Georgia
$2.78M – – –
UBS AM
48
UBS AM
Illinois
$2.49M +$759K +53,359 +84%
KCM
49
Kennedy Capital Management
Missouri
$2.48M +$119K +8,378 +8%
Charles Schwab
50
Charles Schwab
California
$2.26M +$275K +19,307 +22%
1
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3 4 5

PGY Hedge Fund Activity: Q2 2025 in Review

164 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Pagaya Technologies (PGY) for Q2 2025, worth a combined $888M — up 157% from $346M a quarter earlier.

Buyers outnumbered sellers: 47 funds opened new PGY positions and 19 closed out — a net gain of 28 holders — while 63 added to existing stakes and 35 trimmed.

The largest buyer was Vanguard Group, adding an estimated $25M. The largest seller was Viola Ventures VC Management 4, cutting an estimated $29.1M.

  • 164 institutional investors held Pagaya Technologies (PGY) as of Q2 2025, up from 137 in Q1 2025.
  • Funds reported $888M of Pagaya Technologies stock for Q2 2025, up 157% quarter-over-quarter.
  • 47 funds opened new Pagaya Technologies positions in Q2 2025 and 19 closed out, a net change of +28 holders.
  • The largest Pagaya Technologies buyer in Q2 2025 was Vanguard Group, an estimated $25M added.
  • The largest Pagaya Technologies seller in Q2 2025 was Viola Ventures VC Management 4, an estimated $29.1M sold.

Based on aggregated 13F filings for Q2 2025.