Pagaya Technologies
69 hedge funds and large institutions have $299M invested in Pagaya Technologies in 2023 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 20 increasing their positions, 12 reducing their positions, and 9 closing their positions.
200% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 9
67% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 12
50% more funds holding in top 10
Funds holding in top 10: 4 → 6 (+2)
35% more funds holding
Funds holding: 51 → 69 (+18)
2% more capital invested
Capital invested by funds: $292M → $299M (+$6.33M)
0.36% less ownership
Funds ownership: 3.29% → 2.93% (-0.36%)
1% less call options, than puts
Call options by funds: $2.13M | Put options by funds: $2.14M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
BIT Capital
Berlin,
Germany
|
+$13.4M |
| 2 |
Millennium Management
New York
|
+$11.7M |
| 3 |
VS
VK Services
Menlo Park,
California
|
+$4.79M |
| 4 |
JEST
JTC Employer Solutions Trustee
St Helier,
Jersey
|
+$3.3M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$3.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tiger Global Management
New York
|
-$59.1M |
| 2 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
-$29.6M |
| 3 |
EC
EJF Capital
Arlington,
Virginia
|
-$4.11M |
| 4 |
Renaissance Technologies
New York
|
-$354K |
| 5 |
JFG
Jefferies Financial Group
New York
|
-$287K |
PGY Hedge Fund Activity: Q3 2023 in Review
69 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Pagaya Technologies (PGY) for Q3 2023, worth a combined $299M — up 2.2% from $292M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new PGY positions and 9 closed out — a net gain of 18 holders — while 20 added to existing stakes and 12 trimmed.
The largest buyer was BIT Capital, adding an estimated $13.4M. The largest seller was Tiger Global Management, cutting an estimated $59.1M.
- 69 institutional investors held Pagaya Technologies (PGY) as of Q3 2023, up from 51 in Q2 2023.
- Funds reported $299M of Pagaya Technologies stock for Q3 2023, up 2.2% quarter-over-quarter.
- 27 funds opened new Pagaya Technologies positions in Q3 2023 and 9 closed out, a net change of +18 holders.
- The largest Pagaya Technologies buyer in Q3 2023 was BIT Capital, an estimated $13.4M added.
- The largest Pagaya Technologies seller in Q3 2023 was Tiger Global Management, an estimated $59.1M sold.
Based on aggregated 13F filings for Q3 2023.