Pagaya Technologies
81 hedge funds and large institutions have $258M invested in Pagaya Technologies in 2023 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 20 increasing their positions, 17 reducing their positions, and 17 closing their positions.
96% more call options, than puts
Call options by funds: $2.29M | Put options by funds: $1.17M
76% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 17
18% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 17
17% more funds holding
Funds holding: 69 → 81 (+12)
0.04% less ownership
Funds ownership: 2.93% → 2.89% (-0.04%)
13% less capital invested
Capital invested by funds: $299M → $258M (-$40.3M)
33% less funds holding in top 10
Funds holding in top 10: 6 → 4 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nuveen
Charlotte,
North Carolina
|
+$7.59M |
| 2 |
BlackRock
New York
|
+$5.08M |
| 3 |
YSP
Yarra Square Partners
New York
|
+$4.03M |
| 4 |
Renaissance Technologies
New York
|
+$3.54M |
| 5 |
Two Sigma Investments
New York
|
+$2.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EC
EJF Capital
Arlington,
Virginia
|
-$11M |
| 2 |
BC
BIT Capital
Berlin,
Germany
|
-$9.41M |
| 3 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
-$9M |
| 4 |
Tiger Global Management
New York
|
-$5.63M |
| 5 |
VS
VK Services
Menlo Park,
California
|
-$3.74M |
PGY Hedge Fund Activity: Q4 2023 in Review
81 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Pagaya Technologies (PGY) for Q4 2023, worth a combined $258M — down 13% from $299M a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new PGY positions and 17 closed out — a net gain of 13 holders — while 20 added to existing stakes and 17 trimmed.
The largest buyer was Nuveen, opening a new position worth an estimated $7.59M. The largest seller was EJF Capital, cutting an estimated $11M.
- 81 institutional investors held Pagaya Technologies (PGY) as of Q4 2023, up from 69 in Q3 2023.
- Funds reported $258M of Pagaya Technologies stock for Q4 2023, down 13% quarter-over-quarter.
- 30 funds opened new Pagaya Technologies positions in Q4 2023 and 17 closed out, a net change of +13 holders.
- The largest Pagaya Technologies buyer in Q4 2023 was Nuveen, an estimated $7.59M added.
- The largest Pagaya Technologies seller in Q4 2023 was EJF Capital, an estimated $11M sold.
Based on aggregated 13F filings for Q4 2023.