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 ($6.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $9.66. Options: 13 managers hold calls ($22.8m notional), 12 hold puts ($14.3m).
Trends to Q4 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 |
| Q3 2025 | 238 |
| Q4 2025 | 250 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2024 | 134 | 106 |
| Q2 2024 | 150 | 101 |
| Q3 2024 | 151 | 117 |
| Q4 2024 | 119 | 147 |
| Q1 2025 | 108 | 145 |
| Q2 2025 | 122 | 112 |
| Q3 2025 | 131 | 113 |
| Q4 2025 | 129 | 118 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $17.3m | $12.4m | 0.72 |
| Q2 2025 | $46.6m | $14.4m | 0.31 |
| Q3 2025 | $26.1m | $17.2m | 0.66 |
| Q4 2025 | $22.8m | $14.3m | 0.63 |
Biggest buyers
| Robeco Institutional Asset Management B.V. | Added | +3.4m |
| Jain Global LLC | New | +1.8m |
| Artemis Investment Management LLP | Added | +1.4m |
| VANGUARD GROUP INC | Added | +682.0k |
| HRT FINANCIAL LP | Added | +644.4k |
| UBS Group AG | Added | +632.6k |
| Maple Rock Capital Partners Inc. | Added | +564.3k |
| AQR CAPITAL MANAGEMENT LLC | Added | +482.6k |
| Bridgewater Associates, LP | Added | +437.9k |
| PRINCIPAL FINANCIAL GROUP INC | Added | +421.3k |
Biggest sellers
| Point72 Asset Management, L.P. | Reduced | -4.2m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -2.9m |
| BAUPOST GROUP LLC/MA | Sold out | -2.5m |
| JPMORGAN CHASE & CO | Reduced | -1.4m |
| BlackRock, Inc. | Reduced | -1.3m |
| Nuveen, LLC | Reduced | -1.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -1.1m |
| Qube Research & Technologies Ltd | Reduced | -993.9k |
| Trexquant Investment LP | Sold out | -699.9k |
| 14B Captial Management LP | Reduced | -567.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.6m681.5k shares |
| CITADEL ADVISORS LLC | Added | $3.4m349.6k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $2.4m250.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.1m218.3k shares |
| Walleye Trading LLC | Reduced | $1.7m180.5k shares |
| JANE STREET GROUP, LLC | Added | $1.7m176.4k shares |
| GROUP ONE TRADING LLC | Reduced | $1.5m151.3k shares |
| PEAK6 LLC | Added | $788.6k81.8k shares |
| Point72 Asset Management, L.P. | Added | $749.0k77.7k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $629.5k65.3k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $4.4m453.5k shares |
| CITADEL ADVISORS LLC | Reduced | $3.2m327.4k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $1.5m152.4k shares |
| IMC-Chicago, LLC | Reduced | $984.2k102.1k shares |
| Walleye Capital LLC | Added | $958.2k99.4k shares |
| PEAK6 LLC | Added | $877.2k91.0k shares |
| Walleye Trading LLC | Added | $771.2k80.0k shares |
| JANE STREET GROUP, LLC | Added | $524.4k54.4k shares |
| GROUP ONE TRADING LLC | Reduced | $449.2k46.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $328.7k34.1k 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 Q4 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 Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.00% of their portfolio | 17.1m $164.8m | Reduced -1.3m |
| Artemis Investment Management LLP 0.79% of their portfolio | 6.8m $65.2m | Added +1.4m |
| Robeco Institutional Asset Management B.V. 0.09% of their portfolio | 6.6m $63.7m | Added +3.4m |
| Point72 Asset Management, L.P. 0.09% of their portfolio | 5.9m $57.0m | Reduced -4.2m |
| ACADIAN ASSET MANAGEMENT LLC 0.07% of their portfolio | 4.6m $44.7m | Reduced -2.9m |
| STATE STREET CORP 0.00% of their portfolio | 4.6m $44.5m | Added +139.2k |
| Polunin Capital Partners Ltd 6.91% of their portfolio | 4.5m $44.9m | Added +16.7k |
| CAUSEWAY CAPITAL MANAGEMENT LLC 0.54% of their portfolio | 4.0m $39.0m | Added +153.3k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 3.9m $37.9m | Added +12.9k |
| MORGAN STANLEY 0.00% of their portfolio | 3.5m $34.1m | Added +48.0k |
| Maple Rock Capital Partners Inc. 1.07% of their portfolio | 3.4m $32.4m | Added +564.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.6m $25.5m | Reduced -21.0k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 2.4m $23.5m | Added +153.1k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.08% of their portfolio | 2.4m $22.7m | Reduced -318.1k |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.1m $20.3m | Added +682.0k |
| Jain Global LLC 0.17% of their portfolio | 1.8m $17.4m | New |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.07% of their portfolio | 1.8m $17.1m | Reduced -382.5k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 1.7m $16.4m | Added +482.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 1.7m $16.1m | Reduced -202.6k |
| Nuveen, LLC 0.00% of their portfolio | 1.6m $15.0m | Reduced -1.1m |
| HRT FINANCIAL LP 0.06% of their portfolio | 1.5m $14.5m | Added +644.4k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 1.4m $13.6m | Added +16.2k |
| UBS Group AG 0.00% of their portfolio | 1.4m $13.3m | Added +632.6k |
| Saba Capital Management, L.P. 0.42% of their portfolio | 1.3m $12.5m | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 1.3m $12.4m | Reduced -1.1m |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.2m $11.9m | Reduced -1.4m |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 1.2m $11.7m | Added +421.3k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 1.2m $11.1m | Added +256.9k |
| LAZARD ASSET MANAGEMENT LLC 0.02% of their portfolio | 985.2k $9.5m | Reduced -19.1k |
| Incline Global Management LLC 3.20% of their portfolio | 971.6k $9.4m | Reduced -383.8k |
| Truffle Hound Capital, LLC 5.08% of their portfolio | 900.0k $8.7m | Added +150.0k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 797.7k $7.7m | Added +19.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 772.7k $7.4m | Added +158.8k |
| 14B Captial Management LP 5.64% of their portfolio | 728.0k $7.0m | Reduced -567.0k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 710.7k $6.9m | Added +93.5k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 710.0k $6.8m | Reduced -993.9k |
| Bridgewater Associates, LP 0.02% of their portfolio | 692.4k $6.7m | Added +437.9k |
| Quantbot Technologies LP 0.22% of their portfolio | 683.7k $6.6m | Added +55.1k |
| CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio | 506.9k $4.9m | Added +311.6k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 494.2k $4.8m | Added +67.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 487.9k $4.7m | Added +33.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 480.9k $4.6m | Reduced -15.5k |
| Legal & General Group Plc 0.00% of their portfolio | 468.1k $4.5m | Added +90.6k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 450.8k $4.3m | Reduced -487.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 415.6k $4.0m | Added +8.3k |
| Engineers Gate Manager LP 0.05% of their portfolio | 414.1k $4.0m | Added +29.5k |
| Metis Global Partners, LLC 0.09% of their portfolio | 390.6k $3.8m | Reduced -606 |
| TWO SIGMA ADVISERS, LP 0.01% of their portfolio | 385.0k $3.7m | Added +214.9k |
| SEGALL BRYANT & HAMILL, LLC 0.05% of their portfolio | 379.4k $3.7m | Added +211.9k |
| Absolute Gestao de Investimentos Ltda. 0.37% of their portfolio | 362.5k $3.5m | New |
| Jump Financial, LLC 0.04% of their portfolio | 356.4k $3.4m | Reduced -292.7k |
| Waterfront Wealth Inc. 0.71% of their portfolio | 338.4k $3.7m | Added +3.1k |
| Capitolis Liquid Global Markets LLC 0.02% of their portfolio | 334.7k $3.2m | New |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 328.2k $3.2m | Reduced -262.1k |
| BARCLAYS PLC 0.00% of their portfolio | 323.1k $3.1m | Reduced -12.7k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 320.0k $3.1m | Unchanged |
| Aurora Investment Counsel 1.37% of their portfolio | 270.5k $2.6m | Added +10.3k |
| Squarepoint Ops LLC 0.01% of their portfolio | 264.0k $2.5m | Added +101.4k |
| Lombard Odier Asset Management (Europe) Ltd 0.13% of their portfolio | 260.0k $2.5m | Reduced -117.5k |
| PDT Partners, LLC 0.15% of their portfolio | 247.4k $2.4m | Reduced -220.9k |
| Penserra Capital Management LLC 0.03% of their portfolio | 242.9k $2.3m | Reduced -26.5k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 242.2k $2.3m | Reduced -34.2k |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 240.3k $2.3m | Added +140.9k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 238.5k $2.3m | Added +193.8k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 227.6k $2.2m | Reduced -86.5k |
| ALGERT GLOBAL LLC 0.03% of their portfolio | 223.5k $2.2m | Added +162.7k |
| Creative Planning 0.00% of their portfolio | 222.3k $2.1m | Added +56.7k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 217.8k $2.1m | Reduced -39.3k |
| GROUP ONE TRADING LLC 0.06% of their portfolio | 215.2k $2.1m | Added +83.0k |
| HUSSMAN STRATEGIC ADVISORS, INC. 0.49% of their portfolio | 210.0k $2.0m | New |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 208.4k $2.0m | Reduced -4.6k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 205.8k $2.0m | Reduced -22.0k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 205.5k $1.9m | Reduced -49.8k |
| IMC-Chicago, LLC 0.03% of their portfolio | 205.3k $2.0m | Reduced -1.8k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 204.6k $2.0m | Added +75.9k |
| PEAK6 LLC 0.02% of their portfolio | 185.8k $1.8m | Added +173.8k |
| TWINBEECH CAPITAL LP 0.12% of their portfolio | 181.3k $1.7m | New |
| Verition Fund Management LLC 0.01% of their portfolio | 162.2k $1.6m | Reduced -4.6k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 161.7k $1.6m | Reduced -10.9k |
| Long Focus Capital Management, LLC 0.07% of their portfolio | 156.0k $1.5m | Reduced -250.0k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 155.2k $1.5m | Added +146.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 154.3k $1.5m | New |
| Walleye Capital LLC 0.01% of their portfolio | 153.8k $1.5m | Added +88.7k |
| NORGES BANK 0.00% of their portfolio | 150.1k $1.4m | Not comparable |
| Sanctuary Advisors, LLC 0.01% of their portfolio | 137.1k $1.3m | Added +8.2k |
| Invesco Ltd. 0.00% of their portfolio | 137.0k $1.3m | Reduced -53.6k |
| Pictet Asset Management Holding SA 0.00% of their portfolio | 130.3k $1.3m | Added +24.8k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 130.0k $1.3m | Reduced -299.4k |
| GSA CAPITAL PARTNERS LLP 0.10% of their portfolio | 117.2k $1.1m | Reduced -183.7k |
| MARTINGALE ASSET MANAGEMENT L P 0.03% of their portfolio | 114.6k $1.1m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 108.3k $1.0m | Added +49.2k |
| Bellecapital International Ltd. 0.18% of their portfolio | 107.2k $1.0m | Reduced -73.1k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 105.8k $1.0m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 104.1k $1.0m | Added +5.6k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio | 102.4k $987.1k | Reduced -53.6k |
| CITIGROUP INC 0.00% of their portfolio | 101.5k $978.6k | Reduced -285.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 101.1k $974.2k | Reduced -267.6k |
| NVWM, LLC 0.20% of their portfolio | 96.8k $933.5k | Reduced -1.4k |
| INTECH INVESTMENT MANAGEMENT LLC 0.01% of their portfolio | 95.3k $918.6k | Added +8.5k |
| EXCHANGE TRADED CONCEPTS, LLC 0.01% of their portfolio | 95.0k $915.5k | Reduced -74.4k |