Pagaya Technologies
41 hedge funds and large institutions have $228M invested in Pagaya Technologies in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 9 closing their positions.
88% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 8
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
5% more funds holding
Funds holding: 39 → 41 (+2)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0.15% less ownership
Funds ownership: 3.84% → 3.69% (-0.15%)
21% less capital invested
Capital invested by funds: $289M → $228M (-$60.6M)
63% less call options, than puts
Call options by funds: $190K | Put options by funds: $513K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
BIT Capital
Berlin,
Germany
|
+$5.39M |
| 2 |
CF
Cantor Fitzgerald
New York
|
+$2.37M |
| 3 |
Morgan Stanley
New York
|
+$1.06M |
| 4 |
JEST
JTC Employer Solutions Trustee
St Helier,
Jersey
|
+$968K |
| 5 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
+$772K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tiger Global Management
New York
|
-$21M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$310K |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$231K |
| 4 |
EC
EJF Capital
Arlington,
Virginia
|
-$162K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
-$159K |
PGY Hedge Fund Activity: Q1 2023 in Review
41 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Pagaya Technologies (PGY) for Q1 2023, worth a combined $228M — down 21% from $289M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PGY positions and 9 closed out — a net gain of 2 holders — while 15 added to existing stakes and 8 trimmed.
The largest buyer was BIT Capital, opening a new position worth an estimated $5.39M. The largest seller was Tiger Global Management, cutting an estimated $21M.
- 41 institutional investors held Pagaya Technologies (PGY) as of Q1 2023, up from 39 in Q4 2022.
- Funds reported $228M of Pagaya Technologies stock for Q1 2023, down 21% quarter-over-quarter.
- 11 funds opened new Pagaya Technologies positions in Q1 2023 and 9 closed out, a net change of +2 holders.
- The largest Pagaya Technologies buyer in Q1 2023 was BIT Capital, an estimated $5.39M added.
- The largest Pagaya Technologies seller in Q1 2023 was Tiger Global Management, an estimated $21M sold.
Based on aggregated 13F filings for Q1 2023.