Pagaya Technologies
226 hedge funds and large institutions have $1.26B invested in Pagaya Technologies in 2025 Q3 according to their latest regulatory filings, with 84 funds opening new positions, 74 increasing their positions, 56 reducing their positions, and 22 closing their positions.
282% more first-time investments, than exits
New positions opened: 84 | Existing positions closed: 22
60% more funds holding in top 10
Funds holding in top 10: 5 → 8 (+3)
42% more capital invested
Capital invested by funds: $888M → $1.26B (+$372M)
38% more funds holding
Funds holding: 164 → 226 (+62)
32% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 56
15% more call options, than puts
Call options by funds: $95.2M | Put options by funds: $82.6M
1.1% less ownership
Funds ownership: 66.01% → 64.91% (-1.1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$44.7M |
| 2 |
Jane Street
New York
|
+$41.9M |
| 3 |
Renaissance Technologies
New York
|
+$27.8M |
| 4 |
NCGI
Next Century Growth Investors
Plymouth,
Minnesota
|
+$21.3M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$20.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VVVM4
Viola Ventures VC Management 4
Herzliya,
Israel
|
-$191M |
| 2 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$38.5M |
| 3 |
Millennium Management
New York
|
-$29.5M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$23.6M |
| 5 |
CI
Clal Insurance
Tel-Aviv,
Israel
|
-$22.6M |
PGY Hedge Fund Activity: Q3 2025 in Review
226 of the 7,641 institutional investors tracked by Wall St. Rank reported a position in Pagaya Technologies (PGY) for Q3 2025, worth a combined $1.26B — up 42% from $888M a quarter earlier.
Buyers outnumbered sellers: 84 funds opened new PGY positions and 22 closed out — a net gain of 62 holders — while 74 added to existing stakes and 56 trimmed.
The largest buyer was D.E. Shaw & Co, adding an estimated $44.7M. The largest seller was Viola Ventures VC Management 4, cutting an estimated $191M.
- 226 institutional investors held Pagaya Technologies (PGY) as of Q3 2025, up from 164 in Q2 2025.
- Funds reported $1.26B of Pagaya Technologies stock for Q3 2025, up 42% quarter-over-quarter.
- 84 funds opened new Pagaya Technologies positions in Q3 2025 and 22 closed out, a net change of +62 holders.
- The largest Pagaya Technologies buyer in Q3 2025 was D.E. Shaw & Co, an estimated $44.7M added.
- The largest Pagaya Technologies seller in Q3 2025 was Viola Ventures VC Management 4, an estimated $191M sold.
Based on aggregated 13F filings for Q3 2025.