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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
Walleye Capital
51
Walleye Capital
New York
$2.03M +$1.35M +95,080 New
SSA
52
Schonfeld Strategic Advisors
New York
$2M +$668K +46,974 +101%
GCM
53
Graham Capital Management
Connecticut
$1.93M +$936K +65,758 +265%
YIH
54
Y-Intercept (HK)
Hong Kong
$1.7M +$1.13M +79,698 New
Swiss National Bank
55
Swiss National Bank
Switzerland
$1.64M – – –
Acadian Asset Management
56
Acadian Asset Management
Massachusetts
$1.55M +$1.04M +72,862 New
QC
57
Quadrature Capital
United Kingdom
$1.48M +$778K +54,709 +372%
Invesco
58
Invesco
Georgia
$1.43M +$131K +9,240 +16%
PAP
59
Persistent Asset Partners
Hong Kong
$1.34M +$897K +63,059 New
Deutsche Bank
60
Deutsche Bank
Germany
$1.34M -$43.5K -3,056 -5%
Los Angeles Capital Management
61
Los Angeles Capital Management
California
$1.33M -$1.19M -83,893 -57%
Mirae Asset Global ETFs Holdings
62
Mirae Asset Global ETFs Holdings
Hong Kong
$1.31M -$8.66K -609 -1%
IIM
63
Ironwood Investment Management
Massachusetts
$1.28M +$6.02K +423 +0.7%
JG
64
Jain Global
New York
$1.27M +$846K +59,438 New
Walleye Trading
65
Walleye Trading
New York
$1.26M -$630K -44,314 -43%
RhumbLine Advisers
66
RhumbLine Advisers
Massachusetts
$1.25M +$63.4K +4,458 +8%
Balyasny Asset Management
67
Balyasny Asset Management
Illinois
$1.24M – – –
Ameriprise
68
Ameriprise
Minnesota
$1.16M +$43.7K +3,075 +6%
Susquehanna International Group
69
Susquehanna International Group
Pennsylvania
$1.08M +$96.2K +6,762 +15%
FRM
70
Fox Run Management
Connecticut
$1.08M +$13.1K +919 +2%
MAM
71
Martingale Asset Management
Massachusetts
$954K -$245K -17,208 -28%
OQS
72
Occudo Quantitative Strategies
Florida
$944K +$630K +44,300 New
AllianceBernstein
73
AllianceBernstein
Tennessee
$940K +$304K +21,400 +94%
Wealth Enhancement Advisory Services
74
Wealth Enhancement Advisory Services
Minnesota
$911K +$409K +28,727 +232%
TI
75
Tidal Investments
Wisconsin
$868K -$28K -1,970 -5%
1 2
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.