PAGAYA TECHNOLOGIES LTD
CL A SHS · CUSIP M7S64L115
52
institutional holders
+10 vs Q1 2023
200.2m
shares reported held*
$279.8mreported value*
18 new
8 added
16 reduced
7 sold out
net sold ≈ $25.7m (-18.1m shares)
* 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. Holder counts are more reliable. Implied quarter-end price ≈ $1.40. Options: 3 managers hold calls ($254.9k notional), 7 hold puts ($1.0m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 30 |
| Q4 2022 | 41 |
| Q1 2023 | 42 |
| Q2 2023 | 52 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 30 | 14 |
| Q1 2023 | 25 | 17 |
| Q2 2023 | 26 | 23 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $784.0k | $520.0k | 0.66 |
| Q4 2022 | $249.9k | $281.2k | 1.13 |
| Q1 2023 | $125.1k | $512.8k | 4.10 |
| Q2 2023 | $254.9k | $1.0m | 4.03 |
Biggest buyers
| JOSH ARNOLD INVESTMENT CONSULTANT, LLC | New | +1.7m |
| RENAISSANCE TECHNOLOGIES LLC | New | +253.2k |
| JTC Employer Solutions Trustee Ltd | Added | +237.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +229.8k |
| TWO SIGMA INVESTMENTS, LP | New | +117.5k |
| RAYMOND JAMES & ASSOCIATES | New | +92.0k |
| US BANCORP \DE\ | New | +85.0k |
| SIMPLEX TRADING, LLC | Added | +76.8k |
| Jefferies Financial Group Inc. | Added | +59.0k |
| MYDA Advisors LLC | New | +50.0k |
Biggest sellers
| TIGER GLOBAL MANAGEMENT LLC | Reduced | -10.9m |
| Whale Rock Capital Management LLC | Sold out | -7.6m |
| CANTOR FITZGERALD, L. P. | Sold out | -2.2m |
| JPMORGAN CHASE & CO | Reduced | -307.9k |
| CITIGROUP INC | Reduced | -107.7k |
| Mirae Asset Global Investments Co., Ltd. | Reduced | -57.2k |
| Virtu Financial LLC | Sold out | -50.4k |
| XTX Topco Ltd | Reduced | -31.8k |
| Squarepoint Ops LLC | Reduced | -30.7k |
| MARSHALL WACE, LLP | Sold out | -24.7k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $228.3k163.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $26.6k19.0k shares |
| Cutler Group LLC / CA | Reduced | $01.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $587.4k419.6k shares |
| SIMPLEX TRADING, LLC | Added | $317.0k227.0k shares |
| CITADEL ADVISORS LLC | Reduced | $68.6k49.0k shares |
| WOLVERINE TRADING, LLC | Added | $49.2k33.9k shares |
| HAP Trading, LLC | New | $2.2k28.7k shares |
| Cutler Group LLC / CA | Reduced | $2.0k11.3k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Viola Ventures V.C. Management 4 Ltd. 28.54% of their portfolio | 98.1m $137.4m | Unchanged |
| Clal Insurance Enterprises Holdings Ltd 0.71% of their portfolio | 42.7m $59.8m | Unchanged |
| TIGER GLOBAL MANAGEMENT LLC 0.38% of their portfolio | 32.8m $45.9m | Reduced -10.9m |
| EJF Capital LP 10.12% of their portfolio | 15.7m $22.0m | Unchanged |
| JOSH ARNOLD INVESTMENT CONSULTANT, LLC 2.34% of their portfolio | 1.7m $2.4m | New |
| Aflac Inc 2.82% of their portfolio | 1.6m $2.2m | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 1.5m $2.1m | Unchanged |
| JTC Employer Solutions Trustee Ltd 0.11% of their portfolio | 1.1m $1.2m | Added +237.8k |
| MORGAN STANLEY 0.00% of their portfolio | 1.0m $1.5m | Added +8.3k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 620.5k $868.7k | Reduced -57.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 494.7k $692.6k | Reduced -9.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 476.6k $667.2k | Added +229.8k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 277.6k $388.6k | Reduced -307.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 253.2k $354.0k | New |
| Jefferies Financial Group Inc. 0.01% of their portfolio | 204.7k $286.6k | Added +59.0k |
| BROWN ADVISORY INC 0.00% of their portfolio | 198.2k $277.5k | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 172.7k $241.8k | Added +40.3k |
| CITIGROUP INC 0.00% of their portfolio | 164.7k $230.6k | Reduced -107.7k |
| XTX Topco Ltd 0.04% of their portfolio | 143.4k $200.8k | Reduced -31.8k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 117.5k $164.5k | New |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 92.0k $128.8k | New |
| US BANCORP \DE\ 0.00% of their portfolio | 85.0k $119.0k | New |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 83.5k $116.0k | Added +76.8k |
| State of Wyoming 0.03% of their portfolio | 78.8k $110.3k | Reduced -2.1k |
| MYDA Advisors LLC 0.03% of their portfolio | 50.0k $70.0k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 35.5k $49.7k | New |
| GSA CAPITAL PARTNERS LLP 0.00% of their portfolio | 34.1k $48.0k | New |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 31.6k $44.2k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 30.7k $43.0k | Reduced -14.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 25.3k $35.4k | Reduced -8.0k |
| Orin Green Financial, LLC 0.02% of their portfolio | 25.0k $35.0k | Reduced -2.0k |
| WOLVERINE TRADING, LLC 0.00% of their portfolio | 24.1k $35.0k | Added +7.7k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 20.4k $28.5k | New |
| SANDERS MORRIS HARRIS LLC 0.01% of their portfolio | 20.0k $30.0k | New |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 20.0k $28.0k | Unchanged |
| Harel Insurance Investments & Financial Services Ltd. 0.00% of their portfolio | 18.7k $26.0k | Reduced -10.0k |
| Squarepoint Ops LLC 0.00% of their portfolio | 18.0k $25.2k | Reduced -30.7k |
| Quadrature Capital Ltd 0.00% of their portfolio | 16.1k $22.5k | New |
| Ancora Advisors LLC 0.00% of their portfolio | 15.0k $21.0k | New |
| MBE Wealth Management, LLC 0.01% of their portfolio | 12.5k $17.5k | New |
| Bayesian Capital Management, LP 0.00% of their portfolio | 12.0k $16.8k | Reduced -3.0k |
| COWEN AND COMPANY, LLC 0.00% of their portfolio | 10.0k $14.0k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 10.0k $14.0k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 6.1k $8.0k | Reduced -1.1k |
| Altshuler Shaham Ltd 0.00% of their portfolio | 5.0k $1.3k | Unchanged |
| Cutler Group LLC / CA 0.00% of their portfolio | 4.8k $6.0k | Added +1.5k |
| Larson Financial Group LLC 0.00% of their portfolio | 870 $1.2k | Reduced -57 |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 789 $1.1k | New |
| Prestige Wealth Management Group LLC 0.00% of their portfolio | 300 $420 | New |
| FNY Investment Advisers, LLC 0.00% of their portfolio | 200 $0 | Reduced -200 |
| DUPONT CAPITAL MANAGEMENT CORP 0.00% of their portfolio | 4 $6 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |