PAGAYA TECHNOLOGIES LTD
CL A SHS · CUSIP M7S64L115
70
institutional holders
+18 vs Q2 2023
172.6m
shares reported held*
$274.1mreported value*
27 new
19 added
12 reduced
9 sold out
net sold ≈ $43.6m (-27.6m 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 ≈ $1.59. Options: 4 managers hold calls ($1.5m notional), 7 hold puts ($2.1m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 30 |
| Q4 2022 | 41 |
| Q1 2023 | 42 |
| Q2 2023 | 52 |
| Q3 2023 | 70 |
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 |
| Q3 2023 | 46 | 21 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $249.9k | $281.2k | 1.13 |
| Q1 2023 | $125.1k | $512.8k | 4.10 |
| Q2 2023 | $254.9k | $1.0m | 4.03 |
| Q3 2023 | $1.5m | $2.1m | 1.39 |
Biggest buyers
| MILLENNIUM MANAGEMENT LLC | Added | +5.8m |
| VK Services, LLC | New | +2.4m |
| JTC Employer Solutions Trustee Ltd | Added | +1.6m |
| Alyeska Investment Group, L.P. | New | +1.6m |
| Capricorn Fund Managers Ltd | New | +1.5m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.2m |
| ARK Investment Management LLC | New | +938.2k |
| MORGAN STANLEY | Added | +885.7k |
| Baader Bank Aktiengesellschaft | New | +672.9k |
| NewEdge Wealth, LLC | New | +475.2k |
Biggest sellers
| TIGER GLOBAL MANAGEMENT LLC | Reduced | -29.2m |
| Clal Insurance Enterprises Holdings Ltd | Reduced | -14.6m |
| EJF Capital LP | Reduced | -2.0m |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -253.2k |
| Jefferies Financial Group Inc. | Sold out | -204.7k |
| XTX Topco Ltd | Sold out | -143.4k |
| JOSH ARNOLD INVESTMENT CONSULTANT, LLC | Reduced | -112.0k |
| US BANCORP \DE\ | Sold out | -85.0k |
| SIMPLEX TRADING, LLC | Sold out | -83.5k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -80.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.3m792.3k shares |
| CITADEL ADVISORS LLC | Reduced | $256.0k162.0k shares |
| GTS SECURITIES LLC | New | $22.8k14.4k shares |
| Cutler Group LLC / CA | Added | $6.0k35.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.0m646.9k shares |
| SIMPLEX TRADING, LLC | Added | $486.0k308.2k shares |
| CITADEL ADVISORS LLC | Added | $394.5k249.7k shares |
| JANE STREET GROUP, LLC | New | $167.8k106.2k shares |
| GTS SECURITIES LLC | New | $43.3k27.4k shares |
| Cutler Group LLC / CA | Added | $27.0k58.4k 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| Viola Ventures V.C. Management 4 Ltd. 46.41% of their portfolio | 98.1m $155.0m | Unchanged |
| Clal Insurance Enterprises Holdings Ltd 0.62% of their portfolio | 28.1m $44.4m | Reduced -14.6m |
| EJF Capital LP 9.50% of their portfolio | 13.7m $21.6m | Reduced -2.0m |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 6.0m $9.4m | Added +5.8m |
| TIGER GLOBAL MANAGEMENT LLC 0.04% of their portfolio | 3.6m $5.6m | Reduced -29.2m |
| JTC Employer Solutions Trustee Ltd 0.55% of their portfolio | 2.8m $5.9m | Added +1.6m |
| VK Services, LLC 0.50% of their portfolio | 2.4m $3.7m | New |
| MORGAN STANLEY 0.00% of their portfolio | 1.9m $3.0m | Added +885.7k |
| Alyeska Investment Group, L.P. 0.02% of their portfolio | 1.6m $2.6m | New |
| JOSH ARNOLD INVESTMENT CONSULTANT, LLC 1.43% of their portfolio | 1.6m $2.4m | Reduced -112.0k |
| Aflac Inc 2.30% of their portfolio | 1.6m $2.5m | Unchanged |
| Capricorn Fund Managers Ltd 0.85% of their portfolio | 1.5m $2.4m | New |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio | 1.5m $2.4m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 1.3m $2.0m | Added +1.2m |
| ARK Investment Management LLC 0.01% of their portfolio | 938.2k $1.5m | New |
| Baader Bank Aktiengesellschaft 0.10% of their portfolio | 672.9k $1.1m | New |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 607.6k $960.1k | Reduced -12.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 579.6k $915.7k | Added +84.9k |
| NewEdge Wealth, LLC 0.02% of their portfolio | 475.2k $750.8k | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 396.2k $626.0k | Reduced -80.4k |
| CITIGROUP INC 0.00% of their portfolio | 309.7k $489.4k | Added +145.0k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 265.4k $419.4k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 226.0k $357.1k | Reduced -51.6k |
| Bayesian Capital Management, LP 0.04% of their portfolio | 225.3k $356.0k | Added +213.3k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 207.4k $327.7k | New |
| Rokos Capital Management LLP 0.01% of their portfolio | 200.0k $321.0k | New |
| BROWN ADVISORY INC 0.00% of their portfolio | 198.2k $313.2k | Unchanged |
| GSA CAPITAL PARTNERS LLP 0.03% of their portfolio | 187.1k $296.0k | Added +153.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 169.4k $267.6k | Added +133.8k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 132.0k $208.5k | Added +40.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 118.0k $186.5k | Added +92.7k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 96.9k $153.1k | New |
| Verition Fund Management LLC 0.00% of their portfolio | 94.7k $149.7k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 89.9k $142.1k | Added +59.2k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.02% of their portfolio | 81.4k $128.6k | New |
| Cresset Asset Management, LLC 0.00% of their portfolio | 75.0k $118.5k | New |
| CAPSTONE INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 70.9k $112.0k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 46.0k $72.7k | Added +36.0k |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 45.7k $68.9k | Added +14.1k |
| UBS Group AG 0.00% of their portfolio | 35.4k $55.9k | New |
| State of Wyoming 0.01% of their portfolio | 34.1k $53.9k | Reduced -44.7k |
| Cutler Group LLC / CA 0.01% of their portfolio | 29.1k $46.0k | Added +24.3k |
| Deuterium Capital Management, LLC 0.09% of their portfolio | 25.0k $39.5k | New |
| CIBC WORLD MARKET INC. 0.00% of their portfolio | 24.9k $39.0k | New |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 24.2k $38.0k | New |
| Fermata Advisors, LLC 0.01% of their portfolio | 23.9k $37.7k | New |
| GTS SECURITIES LLC 0.00% of their portfolio | 23.2k $36.7k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 22.7k $35.8k | Added +2.3k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 21.6k $34.1k | New |
| Quadrature Capital Ltd 0.00% of their portfolio | 21.5k $33.8k | Added +5.4k |
| PATHSTONE FAMILY OFFICE, LLC 0.00% of their portfolio | 20.2k $31.9k | New |
| SANDERS MORRIS HARRIS LLC 0.01% of their portfolio | 20.0k $30.8k | Unchanged |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 20.0k $32.0k | Unchanged |
| HighTower Advisors, LLC 0.00% of their portfolio | 18.5k $29.0k | New |
| WOLVERINE TRADING, LLC 0.00% of their portfolio | 17.6k $27.8k | Reduced -6.5k |
| Walleye Capital LLC 0.00% of their portfolio | 15.9k $25.1k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 15.9k $25.0k | Added +9.8k |
| Ancora Advisors LLC 0.00% of their portfolio | 15.0k $23.7k | Unchanged |
| Orin Green Financial, LLC 0.01% of their portfolio | 15.0k $23.7k | Reduced -10.0k |
| Copperwynd Financial, LLC 0.01% of their portfolio | 13.2k $20.8k | New |
| Harel Insurance Investments & Financial Services Ltd. 0.00% of their portfolio | 12.9k $20.0k | Reduced -5.8k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 12.2k $19.0k | New |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 9.2k $14.5k | New |
| Altshuler Shaham Ltd 0.00% of their portfolio | 5.0k $1.8k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 891 $1.4k | Added +102 |
| Larson Financial Group LLC 0.00% of their portfolio | 870 $1.4k | Unchanged |
| Prestige Wealth Management Group LLC 0.00% of their portfolio | 300 $474 | Unchanged |
| FNY Investment Advisers, LLC 0.00% of their portfolio | 20 $0 | Reduced -180 |
| 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 |