PAGSEGURO DIGITAL LTD PAGS
COM CL A · Common Stock · CUSIP G68707101 · ISIN KYG687071012
- SectorTechnology
- IndustryServices-Computer Processing & Data Preparation
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($6.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.62. Options: 16 managers hold calls ($46.6m notional), 15 hold puts ($14.4m).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 188 |
| Q4 2022 | 193 |
| Q1 2023 | 195 |
| Q2 2023 | 213 |
| Q3 2023 | 227 |
| Q4 2023 | 220 |
| Q1 2024 | 239 |
| Q2 2024 | 238 |
| Q3 2024 | 253 |
| Q4 2024 | 244 |
| Q1 2025 | 228 |
| Q2 2025 | 234 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 123 | 109 |
| Q4 2023 | 106 | 129 |
| Q1 2024 | 134 | 106 |
| Q2 2024 | 150 | 101 |
| Q3 2024 | 151 | 117 |
| Q4 2024 | 119 | 147 |
| Q1 2025 | 108 | 145 |
| Q2 2025 | 122 | 112 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $40.4m | $33.9m | 0.84 |
| Q4 2024 | $28.3m | $16.4m | 0.58 |
| Q1 2025 | $17.3m | $12.4m | 0.72 |
| Q2 2025 | $46.6m | $14.4m | 0.31 |
Biggest buyers
| GOLDMAN SACHS GROUP INC | Added | +2.8m |
| CAUSEWAY CAPITAL MANAGEMENT LLC | New | +2.7m |
| BAUPOST GROUP LLC/MA | New | +2.5m |
| Orbis Allan Gray Ltd | New | +2.1m |
| Artemis Investment Management LLP | Added | +1.9m |
| Absolute Gestao de Investimentos Ltda. | Added | +1.3m |
| HRT FINANCIAL LP | Added | +1.2m |
| Qube Research & Technologies Ltd | Added | +982.8k |
| AQR CAPITAL MANAGEMENT LLC | Added | +858.5k |
| Incline Global Management LLC | Added | +652.4k |
Biggest sellers
| Point72 Asset Management, L.P. | Reduced | -5.5m |
| SYLEBRA CAPITAL LLC | Reduced | -4.3m |
| SPX Gestao de Recursos Ltda | Sold out | -4.1m |
| Nuveen, LLC | Reduced | -3.9m |
| Tekne Capital Management, LLC | Sold out | -3.0m |
| Robeco Institutional Asset Management B.V. | Reduced | -2.2m |
| BlackRock, Inc. | Reduced | -1.0m |
| CITADEL ADVISORS LLC | Reduced | -969.9k |
| Squarepoint Ops LLC | Reduced | -771.7k |
| MARSHALL WACE, LLP | Reduced | -702.4k |
Biggest calls
| PEAK6 LLC | Added | $18.8m1.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $10.0m1.0m shares |
| GROUP ONE TRADING LLC | Added | $5.1m526.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.7m282.6k shares |
| CITADEL ADVISORS LLC | Added | $1.8m189.1k shares |
| IMC-Chicago, LLC | Reduced | $1.8m183.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $1.5m156.4k shares |
| JANE STREET GROUP, LLC | Added | $1.3m138.8k shares |
| Walleye Trading LLC | Reduced | $1.1m112.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $771.9k82.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.0m523.2k shares |
| CITADEL ADVISORS LLC | Added | $2.4m244.8k shares |
| D. E. Shaw & Co., Inc. | Reduced | $1.5m152.4k shares |
| GROUP ONE TRADING LLC | Added | $1.3m132.7k shares |
| IMC-Chicago, LLC | Reduced | $1.1m113.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $797.2k82.7k shares |
| SIMPLEX TRADING, LLC | Added | $659.0k68.4k shares |
| UBS Group AG | Unchanged | $452.1k46.9k shares |
| PEAK6 LLC | Added | $350.9k36.4k shares |
| Cubist Systematic Strategies, LLC | Unchanged | $261.2k27.1k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +4.3 pts · filed 2026-07-29 | 8.9% |
Fell to 5% or below in the last year: Point72 Asset Management, L.P. (3.8%, 2026-02-17)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 17.6m $169.7m | Reduced -1.0m |
| Point72 Asset Management, L.P. 0.28% of their portfolio | 12.4m $119.2m | Reduced -5.5m |
| ACADIAN ASSET MANAGEMENT LLC 0.16% of their portfolio | 7.8m $75.4m | Added +485.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 5.3m $50.7m | Added +2.8m |
| Capital World Investors 0.01% of their portfolio | 5.2m $50.5m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 4.6m $44.8m | Reduced -568.2k |
| Nuveen, LLC 0.01% of their portfolio | 3.9m $37.2m | Reduced -3.9m |
| Polunin Capital Partners Ltd 5.77% of their portfolio | 3.8m $35.3m | Reduced -10.1k |
| MORGAN STANLEY 0.00% of their portfolio | 3.2m $30.8m | Added +24.6k |
| Robeco Institutional Asset Management B.V. 0.04% of their portfolio | 2.8m $26.8m | Reduced -2.2m |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.41% of their portfolio | 2.7m $25.9m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.6m $24.9m | Reduced -70.5k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.09% of their portfolio | 2.5m $24.2m | Reduced -128.6k |
| BAUPOST GROUP LLC/MA 0.58% of their portfolio | 2.5m $24.1m | New |
| Artemis Investment Management LLP 0.27% of their portfolio | 2.2m $20.8m | Added +1.9m |
| Orbis Allan Gray Ltd 0.10% of their portfolio | 2.1m $20.1m | New |
| MARSHALL WACE, LLP 0.02% of their portfolio | 2.0m $19.6m | Reduced -702.4k |
| SYLEBRA CAPITAL LLC 0.68% of their portfolio | 1.7m $16.8m | Reduced -4.3m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.7m $16.6m | Added +228.6k |
| HRT FINANCIAL LP 0.08% of their portfolio | 1.6m $15.7m | Added +1.2m |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.6m $15.6m | Reduced -85.8k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 1.5m $14.8m | Added +982.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.4m $13.8m | Added +52.7k |
| Absolute Gestao de Investimentos Ltda. 4.37% of their portfolio | 1.4m $13.4m | Added +1.3m |
| 14B Captial Management LP 5.19% of their portfolio | 1.3m $12.6m | Reduced -65.0k |
| Saba Capital Management, L.P. 0.34% of their portfolio | 1.3m $12.5m | Reduced -628.0k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.2m $11.4m | Reduced -366.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.2m $11.2m | Reduced -16.3k |
| Contrarius Group Holdings Ltd 0.61% of their portfolio | 1.1m $10.9m | Added +327.3k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 1.1m $10.4m | Added +858.5k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 1.1m $10.2m | Added +68.4k |
| LAZARD ASSET MANAGEMENT LLC 0.01% of their portfolio | 841.7k $8.1m | Added +26.4k |
| Truffle Hound Capital, LLC 5.10% of their portfolio | 800.0k $7.7m | Unchanged |
| Incline Global Management LLC 2.90% of their portfolio | 764.6k $7.4m | Added +652.4k |
| Long Focus Capital Management, LLC 0.47% of their portfolio | 760.0k $7.3m | Reduced -195.0k |
| UBS Group AG 0.00% of their portfolio | 624.0k $6.0m | Added +128.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 614.2k $5.9m | Reduced -21.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 601.6k $5.7m | Added +18.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 585.3k $5.6m | Added +121.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 562.0k $5.4m | Added +320.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 551.8k $5.3m | Reduced -53.1k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 548.1k $5.3m | Added +68.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 535.6k $5.2m | Reduced -159.4k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 496.7k $4.8m | Added +14.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 490.6k $4.7m | Added +182.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 484.0k $4.7m | Reduced -4.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 467.3k $4.5m | Reduced -969.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 443.2k $4.3m | Reduced -137.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 438.7k $4.2m | Added +92.2k |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.12% of their portfolio | 438.1k $4.2m | Not comparable |
| Metis Global Partners, LLC 0.10% of their portfolio | 395.5k $3.8m | Added +8.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 390.4k $3.8m | Added +283.0k |
| CITIGROUP INC 0.00% of their portfolio | 384.9k $3.7m | Added +122.1k |
| PDT Partners, LLC 0.20% of their portfolio | 364.5k $3.5m | Added +136.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 354.3k $3.4m | Added +92.7k |
| GSA CAPITAL PARTNERS LLP 0.24% of their portfolio | 350.5k $3.4m | Added +298.8k |
| Banco BTG Pactual S.A. 0.69% of their portfolio | 350.0k $3.4m | Reduced -140.0k |
| BARCLAYS PLC 0.00% of their portfolio | 338.2k $3.3m | Added +96.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 325.9k $3.1m | Reduced -408.7k |
| Legal & General Group Plc 0.00% of their portfolio | 320.5k $3.1m | Reduced -19.6k |
| Lombard Odier Asset Management (Europe) Ltd 0.22% of their portfolio | 316.0k $3.0m | Added +240.0k |
| Quantbot Technologies LP 0.08% of their portfolio | 313.9k $3.0m | Added +269.6k |
| Penserra Capital Management LLC 0.04% of their portfolio | 313.6k $3.0m | Reduced -66.4k |
| FORMULA GROWTH LTD 1.07% of their portfolio | 293.8k $2.8m | Reduced -328.2k |
| Waterfront Wealth Inc. 0.60% of their portfolio | 276.0k $2.7m | Added +1.4k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 275.2k $2.7m | Added +1.4k |
| Bellecapital International Ltd. 0.46% of their portfolio | 266.9k $2.6m | Reduced -68.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 258.8k $2.5m | Added +250.7k |
| Invesco Ltd. 0.00% of their portfolio | 257.3k $2.5m | Reduced -87.5k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 256.1k $2.5m | Added +214.2k |
| Aurora Investment Counsel 1.30% of their portfolio | 255.6k $2.5m | Added +7.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 237.8k $2.3m | Reduced -21.5k |
| Jain Global LLC 0.04% of their portfolio | 236.5k $2.3m | Added +217.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 173.4k $1.7m | Added +160.1k |
| EXCHANGE TRADED CONCEPTS, LLC 0.02% of their portfolio | 168.6k $1.6m | Added +132.7k |
| Walleye Trading LLC 0.04% of their portfolio | 167.5k $1.6m | New |
| Verition Fund Management LLC 0.01% of their portfolio | 162.6k $1.6m | Reduced -59.7k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.06% of their portfolio | 161.4k $1.6m | Added +72.3k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio | 156.0k $1.5m | Added +5.4k |
| Creative Planning 0.00% of their portfolio | 150.6k $1.5m | Added +28.4k |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 146.1k $1.4m | Reduced -4.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 141.2k $1.4m | New |
| Campbell & CO Investment Adviser LLC 0.08% of their portfolio | 131.6k $1.3m | New |
| MAVERICK CAPITAL LTD 0.02% of their portfolio | 131.4k $1.3m | Unchanged |
| Engineers Gate Manager LP 0.02% of their portfolio | 127.8k $1.2m | Added +109.3k |
| Perpetual Ltd 0.01% of their portfolio | 125.4k $1.2m | Reduced -147.3k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 122.4k $1.2m | New |
| Police & Firemen's Retirement System of New Jersey 0.01% of their portfolio | 121.0k $1.2m | Added +2.9k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 111.2k $1.1m | Reduced -584 |
| Edgestream Partners, L.P. 0.03% of their portfolio | 110.2k $1.1m | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 108.2k $1.0m | Reduced -5.3k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 105.5k $1.0m | Added +54.8k |
| IMC-Chicago, LLC 0.02% of their portfolio | 99.6k $960.3k | Added +32.0k |
| NVWM, LLC 0.23% of their portfolio | 98.8k $952.9k | New |
| ALPS ADVISORS INC 0.01% of their portfolio | 92.9k $895.5k | Reduced -18.1k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 92.4k $890.9k | Reduced -7.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 88.9k $857.0k | Added +9.2k |
| GROUP ONE TRADING LLC 0.03% of their portfolio | 88.8k $856.3k | New |
| Harbour Capital Advisors, LLC 0.15% of their portfolio | 74.9k $705.4k | Reduced -235 |
| Unison Advisors LLC 0.08% of their portfolio | 73.8k $711.4k | Unchanged |