PAGAYA TECHNOLOGIES LTD PGY
CL A NEW · Common Stock · CUSIP M7S64L123
- SectorFinancials
- IndustryFinance Services
- HeadquartersNew York, NY
- 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 ($7.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $18.28. Options: 12 managers hold calls ($76.6m notional), 21 hold puts ($119.7m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2023 | 1 |
| Q2 2023 | 1 |
| Q3 2023 | 1 |
| Q4 2023 | 1 |
| Q1 2024 | 79 |
| Q2 2024 | 101 |
| Q3 2024 | 114 |
| Q4 2024 | 128 |
| Q1 2025 | 134 |
| Q2 2025 | 162 |
| Q3 2025 | 225 |
| Q4 2025 | 238 |
| Q1 2026 | 214 |
| Q2 2026 | 222 |
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 2024 | 81 | 43 |
| Q4 2024 | 71 | 60 |
| Q1 2025 | 76 | 61 |
| Q2 2025 | 109 | 53 |
| Q3 2025 | 156 | 74 |
| Q4 2025 | 148 | 111 |
| Q1 2026 | 131 | 115 |
| Q2 2026 | 130 | 108 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $78.7m | $82.6m | 1.05 |
| Q4 2025 | $72.4m | $68.9m | 0.95 |
| Q1 2026 | $27.7m | $61.2m | 2.21 |
| Q2 2026 | $76.6m | $119.7m | 1.56 |
Biggest buyers
| FRONTIER CAPITAL MANAGEMENT CO LLC | Added | +2.1m |
| Aquamarine Financial (Cayman) Ltd | New | +1.8m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.4m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +1.0m |
| Allspring Global Investments Holdings, LLC | Added | +616.2k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | New | +588.3k |
| Empowered Funds, LLC | Added | +506.4k |
| CITADEL ADVISORS LLC | Added | +500.5k |
| MARSHALL WACE, LLP | New | +372.9k |
| Balyasny Asset Management L.P. | Added | +251.5k |
Biggest sellers
| BlackRock, Inc. | Reduced | -3.4m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.3m |
| TWO SIGMA INVESTMENTS, LP | Reduced | -1.2m |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -983.6k |
| STATE STREET CORP | Reduced | -857.5k |
| JPMORGAN CHASE & CO | Reduced | -787.3k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -714.9k |
| Qube Research & Technologies Ltd | Reduced | -714.1k |
| Q Global Advisors, LLC | Sold out | -537.6k |
| BARCLAYS PLC | Sold out | -519.2k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $30.7m1.7m shares |
| CITADEL ADVISORS LLC | Added | $18.7m1.0m shares |
| JANE STREET GROUP, LLC | Added | $12.4m681.5k shares |
| PEAK6 LLC | New | $6.5m354.1k shares |
| Point72 Asset Management, L.P. | New | $4.9m271.2k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $1.1m60.7k shares |
| UBS Group AG | Unchanged | $976.4k53.5k shares |
| Walleye Trading LLC | Added | $553.0k30.3k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $465.4k25.5k shares |
| Walleye Capital LLC | New | $131.4k7.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $16.9m924.4k shares |
| Marathon Trading Investment Management LLC | Unchanged | $16.0m876.4k shares |
| CITADEL ADVISORS LLC | Added | $14.8m812.8k shares |
| DLD Asset Management, LP | New | $14.7m805.0k shares |
| GROUP ONE TRADING LLC | Added | $9.0m494.6k shares |
| ExodusPoint Capital Management, LP | Reduced | $8.9m486.2k shares |
| SIMPLEX TRADING, LLC | Added | $8.6m469.4k shares |
| Lombard Odier Asset Management (USA) Corp | Unchanged | $6.6m360.0k shares |
| IMC-Chicago, LLC | Reduced | $6.0m329.7k shares |
| UBS Group AG | Added | $4.2m230.2k 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 |
|---|---|
OAK HC/FT PARTNERS II, L.P.
13D · may seek influence
filed 2025-09-22
Stated purposeItem 4 of the Schedule 13D is hereby amended and supplemented by adding the following paragraph at the end of Item 4: On September 18, 2025, each of the Funds made a pro rata in-kind distribution of Ordinary Shares to its general partner and limited partners for no additional consideration in transactions exempt from the Securities Act of 1933 (each a "Share Distribution"). The number of Ordinary Shares distributed by the Funds were as follows: Fund II 3,284,484 Ordinary Shares; Fund V 2,077,698 Ordinary Shares; Fund V-A 503,993 Ordinary Shares; and Fund V-B 459,029 Ordinary Shares. Immediately prior to the Share Distributions, Fund V converted 2,031,325 Series A Preferred Shares to Ordinary Shares, Fund V-A converted 492,744 Series A Preferred Shares to Ordinary Shares, and Fund V-B con… Full filing |
6.0% |
Fell to 5% or below in the last year: Viola Ventures V.C. Management 4 Ltd. (0.8%, 2025-11-13)
Insider purchases and sales since 1 Apr 2026
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 7 | $3.7m | $3.2m |
| Q1 2025 | 0 | — | 3 | $1.3m | $650.5k |
| Q2 2025 | 0 | — | 5 | $31.5m | $29.9m |
| Q3 2025 | 0 | — | 4 | $4.7m | $1.6m |
| Q4 2025 | 0 | — | 4 | $2.2m | $694.1k |
| Q1 2026 | 0 | — | 4 | $606.2k | — |
| Q2 2026 | 1 | $500.9k | 5 | $1.0m | $298.3k |
| Q3 2026 | 0 | — | 4 | $2.1m | $173.3k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-28 | DAS SANJIV President | Sold | $243.7k14.3k shares |
| 2026-09-28 | Vieira Cory Chief Accounting Officer | Sold | $37.0k2.2k shares |
| 2026-09-28 | Dobres Jonathan Chief Financial Officer | Sold | $10.1k590 shares |
| 2026-09-18 | Rosen Tami Director | Sold plan | $173.3k8.5k shares |
| 2026-09-17 | Dobres Jonathan Chief Financial Officer | Sold | $45.9k2.2k shares |
| 2026-09-12 | DAS SANJIV President | Sold | $268.8k13.3k shares |
| 2026-09-12 | Rosen Tami Director | Sold | $143.9k7.1k shares |
| 2026-09-12 | Dobres Jonathan Chief Financial Officer | Sold | $11.8k582 shares |
| 2026-09-03 | Rosen Tami Director | Sold | $29.2k1.3k shares |
| 2026-09-02 | Vieira Cory Chief Accounting Officer | Sold | $69.8k3.1k shares |
| 2026-08-03 | Rosen Tami Director | Sold | $619.4k28.2k shares |
| 2026-08-03 | DAS SANJIV President | Sold | $468.4k21.3k shares |
| 2026-06-25 | DAS SANJIV President | Sold | $221.6k14.0k shares |
| 2026-06-25 | Vieira Cory Chief Accounting Officer | Sold | $23.1k1.5k shares |
| 2026-06-25 | Dobres Jonathan Chief Financial Officer | Sold | $6.2k403 shares |
| 2026-06-24 | Krubiner Gal Chief Executive Officer, director | Bought | $250.4k16.2k shares |
| 2026-06-22 | Rosen Tami Director | Sold plan | $151.1k9.9k shares |
| 2026-06-12 | DAS SANJIV President | Sold | $216.0k13.3k shares |
| 2026-06-12 | Perros Evangelos Former Officer | Sold | $187.6k11.6k shares |
| 2026-06-12 | Rosen Tami Director | Sold | $92.2k5.7k shares |
| 2026-06-02 | Krubiner Gal Chief Executive Officer, director | Bought | $250.5k16.6k shares |
| 2026-06-02 | Vieira Cory Chief Accounting Officer | Sold | $32.1k2.1k shares |
| 2026-04-17 | Rosen Tami Director | Sold plan | $147.2k9.7k shares |
| 2026-04-01 | Perros Evangelos Chief Financial Officer | Sold | $147.5k13.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| FRONTIER CAPITAL MANAGEMENT CO LLC 0.39% of their portfolio | 2.3m $41.9m | Added +2.1m |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 2.3m $41.7m | Added +1.4m |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 1.9m $34.5m | Added +192.8k |
| Aquamarine Financial (Cayman) Ltd 1.78% of their portfolio | 1.8m $32.3m | New |
| Allspring Global Investments Holdings, LLC 0.05% of their portfolio | 1.6m $30.9m | Added +616.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 1.3m $23.0m | Reduced -457.7k |
| BlackRock, Inc. 0.00% of their portfolio | 1.1m $20.1m | Reduced -3.4m |
| HS Investments IV Ltd 17.87% of their portfolio | 1.1m $20.0m | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 1.0m $19.1m | New |
| MORGAN STANLEY 0.00% of their portfolio | 948.5k $17.3m | Reduced -453.0k |
| UBS Group AG 0.00% of their portfolio | 784.5k $14.3m | Reduced -30.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 759.7k $13.9m | Reduced -439.4k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 649.8k $11.9m | Reduced -1.2m |
| Empowered Funds, LLC 0.06% of their portfolio | 623.0k $11.4m | Added +506.4k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 592.0k $10.8m | Reduced -1.3m |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.19% of their portfolio | 588.3k $10.7m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 586.0k $10.7m | Added +500.5k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 575.2k $10.5m | Added +209.8k |
| Balyasny Asset Management L.P. 0.02% of their portfolio | 535.8k $9.8m | Added +251.5k |
| Trexquant Investment LP 0.06% of their portfolio | 502.0k $9.2m | Reduced -6.6k |
| Weiss Asset Management LP 0.09% of their portfolio | 434.0k $7.9m | Not comparable |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 417.7k $7.6m | Added +42.5k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 372.9k $6.8m | New |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 304.8k $5.6m | Reduced -247.2k |
| Whetstone Capital Advisors, LLC 1.43% of their portfolio | 295.7k $5.4m | Reduced -373 |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.31% of their portfolio | 264.7k $4.8m | Added +12.5k |
| Squarepoint Ops LLC 0.01% of their portfolio | 252.0k $4.6m | Added +216.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 249.0k $4.5m | Added +136.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 247.4k $4.5m | Added +64.0k |
| CITIGROUP INC 0.00% of their portfolio | 239.9k $4.4m | Reduced -341.4k |
| Altshuler Shaham Ltd 0.00% of their portfolio | 200.0k $279.2k | Unchanged |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 199.0k $3.6m | Reduced -714.1k |
| HRT FINANCIAL LP 0.01% of their portfolio | 198.8k $3.6m | Reduced -159.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 198.8k $3.6m | Reduced -186.8k |
| CAPITAL FUND MANAGEMENT S.A. 0.03% of their portfolio | 196.5k $3.6m | Added +61.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 195.1k $3.6m | Added +17.0k |
| Y-Intercept (Hong Kong) Ltd 0.06% of their portfolio | 179.3k $3.3m | New |
| STATE STREET CORP 0.00% of their portfolio | 175.6k $3.2m | Reduced -857.5k |
| SEGALL BRYANT & HAMILL, LLC 0.04% of their portfolio | 167.9k $3.1m | Added +49.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 165.9k $3.0m | Reduced -5.9k |
| TUDOR INVESTMENT CORP ET AL 0.01% of their portfolio | 161.8k $3.0m | Added +70.1k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 160.6k $2.9m | Added +32.8k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 160.3k $2.9m | Added +117.9k |
| ExodusPoint Capital Management, LP 0.03% of their portfolio | 157.5k $2.9m | New |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio | 154.5k $2.8m | New |
| ARK Investment Management LLC 0.02% of their portfolio | 147.6k $2.7m | Added +48.5k |
| Voleon Capital Management LP 0.04% of their portfolio | 131.8k $2.4m | Reduced -148.3k |
| Aflac Inc 2.57% of their portfolio | 130.3k $2.4m | Unchanged |
| Engineers Gate Manager LP 0.03% of their portfolio | 130.2k $2.4m | Added +79.8k |
| Jain Global LLC 0.03% of their portfolio | 125.2k $2.3m | New |
| ARDSLEY ADVISORY PARTNERS LP 0.25% of their portfolio | 125.0k $2.3m | New |
| GLOBEFLEX CAPITAL L P 0.29% of their portfolio | 123.0k $2.2m | Added +18.2k |
| Swiss National Bank 0.00% of their portfolio | 117.9k $2.2m | Added +16.9k |
| Utah Retirement Systems 0.02% of their portfolio | 116.4k $2.1m | Unchanged |
| Havemeyer Place LP 0.20% of their portfolio | 113.0k $2.1m | Added +54.0k |
| Manatuck Hill Partners, LLC 0.60% of their portfolio | 100.0k $1.8m | New |
| Creek Drive Management Group LLC 1.13% of their portfolio | 100.0k $1.8m | Reduced -202.0k |
| IRONWOOD INVESTMENT MANAGEMENT LLC 0.62% of their portfolio | 98.7k $1.8m | Added +4.4k |
| Nicholas Wealth, LLC. 0.94% of their portfolio | 94.1k $1.7m | Added +62.0k |
| Schonfeld Strategic Advisors LLC 0.01% of their portfolio | 93.9k $1.7m | New |
| Quantbot Technologies LP 0.07% of their portfolio | 92.5k $1.7m | New |
| Quantinno Capital Management LP 0.00% of their portfolio | 91.0k $1.7m | Added +13.7k |
| Sanctuary Advisors, LLC 0.01% of their portfolio | 89.0k $1.6m | New |
| KENNEDY CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 86.3k $1.6m | Reduced -1.7k |
| ALLSTATE CORP 0.02% of their portfolio | 85.4k $1.6m | New |
| LPL Financial LLC 0.00% of their portfolio | 81.9k $1.5m | Added +34.4k |
| Tidal Investments LLC 0.00% of their portfolio | 78.2k $1.4m | Added +29.5k |
| Creative Planning 0.00% of their portfolio | 72.8k $1.3m | Added +22.3k |
| NATIXIS ADVISORS, LLC 0.00% of their portfolio | 71.3k $1.3m | Added +35.4k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 71.1k $1.3m | Added +40.2k |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 69.7k $1.1m | Added +36.9k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 69.3k $1.3m | Added +53.6k |
| SIMPLEX TRADING, LLC 0.03% of their portfolio | 68.6k $1.3m | New |
| DARK FOREST CAPITAL MANAGEMENT LP 0.08% of their portfolio | 67.4k $1.2m | Added +43.7k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 65.9k $1.2m | Reduced -35.0k |
| Aster Capital Management (DIFC) Ltd 0.25% of their portfolio | 63.7k $1.2m | Added +62.9k |
| Qsemble Capital Management, LP 0.15% of their portfolio | 62.3k $1.1m | New |
| Nuveen, LLC 0.00% of their portfolio | 60.5k $1.1m | Reduced -178.3k |
| MML INVESTORS SERVICES, LLC 0.00% of their portfolio | 60.2k $1.1m | Added +10.1k |
| FOX RUN MANAGEMENT, L.L.C. 0.18% of their portfolio | 59.7k $1.1m | New |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 58.6k $1.1m | Added +20.9k |
| Invesco Ltd. 0.00% of their portfolio | 57.4k $1.0m | Reduced -32.1k |
| KESTRA PRIVATE WEALTH SERVICES, LLC 0.01% of their portfolio | 55.4k $1.0m | Reduced -620 |
| BESSEMER GROUP INC 0.00% of their portfolio | 54.0k $985.0k | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 50.8k $927.2k | Reduced -150.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 47.9k $873.7k | Reduced -120.4k |
| VAN ECK ASSOCIATES CORP 0.00% of their portfolio | 46.4k $847.7k | Added +22.4k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 45.8k $834.9k | Added +14.0k |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 44.7k $816.4k | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 44.3k $809.1k | Added +33.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 43.3k $789.4k | Reduced -714.9k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 41.9k $765.0k | Added +16.9k |
| Themes Management Co LLC 0.49% of their portfolio | 40.2k $732.8k | Reduced -4.1k |
| Quadrature Capital Ltd 0.01% of their portfolio | 39.6k $723.6k | New |
| &PARTNERS 0.00% of their portfolio | 34.8k $635.3k | Reduced -1.5k |
| Jump Financial, LLC 0.01% of their portfolio | 34.1k $622.5k | New |
| Mariner, LLC 0.00% of their portfolio | 33.1k $604.5k | Added +17.4k |
| Watershed Asset Management, L.L.C. 0.54% of their portfolio | 32.8k $598.6k | Reduced -7.0k |
| Legal & General Group Plc 0.00% of their portfolio | 30.5k $556.0k | Reduced -73.9k |
| Walleye Trading LLC 0.01% of their portfolio | 30.2k $551.9k | New |