Pagaya Technologies
51 hedge funds and large institutions have $292M invested in Pagaya Technologies in 2023 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 9 increasing their positions, 16 reducing their positions, and 7 closing their positions.
157% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 7
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
28% more capital invested
Capital invested by funds: $228M → $292M (+$64M)
24% more funds holding
Funds holding: 41 → 51 (+10)
0.4% less ownership
Funds ownership: 3.69% → 3.29% (-0.4%)
44% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 16
70% less call options, than puts
Call options by funds: $310K | Put options by funds: $1.03M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
BIT Capital
Berlin,
Germany
|
+$4.16M |
| 2 |
JAIC
Josh Arnold Investment Consultant
Edina,
Minnesota
|
+$1.79M |
| 3 |
Renaissance Technologies
New York
|
+$263K |
| 4 |
JEST
JTC Employer Solutions Trustee
St Helier,
Jersey
|
+$247K |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$239K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tiger Global Management
New York
|
-$11.3M |
| 2 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$7.72M |
| 3 |
CF
Cantor Fitzgerald
New York
|
-$2.23M |
| 4 |
JP Morgan Chase
New York
|
-$320K |
| 5 |
Citigroup
New York
|
-$112K |
PGY Hedge Fund Activity: Q2 2023 in Review
51 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Pagaya Technologies (PGY) for Q2 2023, worth a combined $292M — up 28% from $228M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new PGY positions and 7 closed out — a net gain of 11 holders — while 9 added to existing stakes and 16 trimmed.
The largest buyer was BIT Capital, adding an estimated $4.16M. The largest seller was Tiger Global Management, cutting an estimated $11.3M.
- 51 institutional investors held Pagaya Technologies (PGY) as of Q2 2023, up from 41 in Q1 2023.
- Funds reported $292M of Pagaya Technologies stock for Q2 2023, up 28% quarter-over-quarter.
- 18 funds opened new Pagaya Technologies positions in Q2 2023 and 7 closed out, a net change of +11 holders.
- The largest Pagaya Technologies buyer in Q2 2023 was BIT Capital, an estimated $4.16M added.
- The largest Pagaya Technologies seller in Q2 2023 was Tiger Global Management, an estimated $11.3M sold.
Based on aggregated 13F filings for Q2 2023.