Pagaya Technologies
239 hedge funds and large institutions have $888M invested in Pagaya Technologies in 2025 Q4 according to their latest regulatory filings, with 62 funds opening new positions, 89 increasing their positions, 66 reducing their positions, and 47 closing their positions.
310.76% more ownership
Funds ownership: 64.91% → 375.67% (+311%)
53% more call options, than puts
Call options by funds: $106M | Put options by funds: $68.9M
35% more repeat investments, than reductions
Existing positions increased: 89 | Existing positions reduced: 66
32% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 47
6% more funds holding
Funds holding: 226 → 239 (+13)
30% less capital invested
Capital invested by funds: $1.26B → $888M (-$373M)
50% less funds holding in top 10
Funds holding in top 10: 8 → 4 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
+$24.8M |
| 2 |
Goldman Sachs
New York
|
+$24.2M |
| 3 |
Millennium Management
New York
|
+$23.3M |
| 4 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
+$21.9M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$17M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$38.3M |
| 2 |
Jane Street
New York
|
-$20.2M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$16M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$14.8M |
| 5 |
JP Morgan Chase
New York
|
-$13.5M |
PGY Hedge Fund Activity: Q4 2025 in Review
239 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Pagaya Technologies (PGY) for Q4 2025, worth a combined $888M — down 30% from $1.26B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new PGY positions and 47 closed out — a net gain of 15 holders — while 89 added to existing stakes and 66 trimmed.
The largest buyer was Point72 Asset Management, opening a new position worth an estimated $24.8M. The largest seller was D.E. Shaw & Co, cutting an estimated $38.3M.
- 239 institutional investors held Pagaya Technologies (PGY) as of Q4 2025, up from 226 in Q3 2025.
- Funds reported $888M of Pagaya Technologies stock for Q4 2025, down 30% quarter-over-quarter.
- 62 funds opened new Pagaya Technologies positions in Q4 2025 and 47 closed out, a net change of +15 holders.
- The largest Pagaya Technologies buyer in Q4 2025 was Point72 Asset Management, an estimated $24.8M added.
- The largest Pagaya Technologies seller in Q4 2025 was D.E. Shaw & Co, an estimated $38.3M sold.
Based on aggregated 13F filings for Q4 2025.