Pagaya Technologies
85 hedge funds and large institutions have $207M invested in Pagaya Technologies in 2024 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 33 increasing their positions, 12 reducing their positions, and 29 closing their positions.
175% more repeat investments, than reductions
Existing positions increased: 33 | Existing positions reduced: 12
168% more call options, than puts
Call options by funds: $14.6M | Put options by funds: $5.44M
33.59% more ownership
Funds ownership: 2.89% → 36.48% (+34%)
14% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 29
5% more funds holding
Funds holding: 81 → 85 (+4)
20% less capital invested
Capital invested by funds: $258M → $207M (-$51.4M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$17.8M |
| 2 |
Citigroup
New York
|
+$16.1M |
| 3 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$13M |
| 4 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$8.89M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$6.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
BIT Capital
Berlin,
Germany
|
-$12M |
| 2 |
Millennium Management
New York
|
-$6.46M |
| 3 |
EC
EJF Capital
Arlington,
Virginia
|
-$6.05M |
| 4 |
Renaissance Technologies
New York
|
-$3.6M |
| 5 |
Two Sigma Investments
New York
|
-$2.63M |
PGY Hedge Fund Activity: Q1 2024 in Review
85 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Pagaya Technologies (PGY) for Q1 2024, worth a combined $207M — down 20% from $258M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new PGY positions and 29 closed out — a net gain of 4 holders — while 33 added to existing stakes and 12 trimmed.
The largest buyer was Allspring Global Investments, opening a new position worth an estimated $17.8M. The largest seller was BIT Capital, exiting entirely with an estimated $12M sold.
- 85 institutional investors held Pagaya Technologies (PGY) as of Q1 2024, up from 81 in Q4 2023.
- Funds reported $207M of Pagaya Technologies stock for Q1 2024, down 20% quarter-over-quarter.
- 33 funds opened new Pagaya Technologies positions in Q1 2024 and 29 closed out, a net change of +4 holders.
- The largest Pagaya Technologies buyer in Q1 2024 was Allspring Global Investments, an estimated $17.8M added.
- The largest Pagaya Technologies seller in Q1 2024 was BIT Capital, an estimated $12M sold.
Based on aggregated 13F filings for Q1 2024.