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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.

New
Increased
Maintained
Reduced
Closed

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: 58 (+3)

42% more capital invested

Capital invested by funds: $888M → $1.26B (+$372M)

38% more funds holding

Funds holding: 164226 (+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%)

Holders
226
Holders Change
+62
Holders Change %
+37.8%
% of All Funds
2.97%
Holding in Top 10
8
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+60%
% of All Funds
0.1%
New
84
Increased
74
Reduced
56
Closed
22
Calls
$95.2M
Puts
$82.6M
Net Calls
+$12.6M
Net Calls Change
-$8.21M
Name Holding Trade Value Shares
Change
Change in
Stake
BlackRock
1
BlackRock
New York
$105M +$11M +341,970 +11%
D.E. Shaw & Co
2
D.E. Shaw & Co
New York
$61.7M +$44.7M +1,383,178 +199%
Vanguard Group
3
Vanguard Group
Pennsylvania
$61.1M -$686K -21,252 -1%
Jane Street
4
Jane Street
New York
$59.7M +$41.9M +1,296,604 +182%
Two Sigma Investments
5
Two Sigma Investments
New York
$43.1M +$2.31M +71,639 +5%
FCM
6
Frontier Capital Management
Massachusetts
$41.1M -$38.5M -1,191,200 -46%
Two Sigma Advisers
7
Two Sigma Advisers
New York
$39.8M +$7.51M +232,542 +21%
N
8
Nuveen
North Carolina
$37.2M -$6.27M -194,024 -13%
BNP Paribas Financial Markets
9
BNP Paribas Financial Markets
France
$35.8M +$130K +4,014 +0.3%
Morgan Stanley
10
Morgan Stanley
New York
$33.6M -$19.5M -603,491 -35%
American Century Companies
11
American Century Companies
Missouri
$32.5M +$18.8M +581,017 +113%
Renaissance Technologies
12
Renaissance Technologies
New York
$31.6M +$27.8M +861,500 +426%
JP Morgan Chase
13
JP Morgan Chase
New York
$31.3M -$10.7M -332,578 -24%
Citadel Advisors
14
Citadel Advisors
Florida
$28.9M -$9.54M -295,279 -23%
Millennium Management
15
Millennium Management
New York
$24.5M -$29.5M -914,348 -53%
State Street
16
State Street
Massachusetts
$24M +$2.43M +75,117 +10%
Voloridge Investment Management
17
Voloridge Investment Management
Florida
$23.8M -$2.55M -78,913 -9%
UBS Group
18
UBS Group
Switzerland
$22.9M +$3.03M +93,922 +14%
Marshall Wace
19
Marshall Wace
United Kingdom
$20M +$20.4M +631,435 +1,556%
NCGI
20
Next Century Growth Investors
Minnesota
$19.6M +$21.3M +660,608 New
GIPM
21
G2 Investment Partners Management
New York
$19.3M +$12.8M +397,532 +157%
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$19.1M +$20.7M +640,722 +61,079%
Federated Hermes
23
Federated Hermes
Pennsylvania
$17.8M +$5.62M +174,033 +41%
Geode Capital Management
24
Geode Capital Management
Massachusetts
$17.7M +$992K +30,719 +5%
Susquehanna International Group
25
Susquehanna International Group
Pennsylvania
$17.2M +$17.1M +529,608 +1,041%

PGY Hedge Fund Activity: Q3 2025 in Review

226 of the 7,621 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.