Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Pagaya Technologies Ltd (PGY)

215 + Investors. Track Smart Money conviction in PGY. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +6
Streak
1Q ▲
Buyers last Q
53%

Smart Money Signals — PGY

Based on 222 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added PGY than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
222 funds currently hold this stock — 91% of the 3.0-year high of 244 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +31% more funds vs a year ago

fund count last 6Q
+53 new funds entered over the past year (+31% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 53% buying

137 buying120 selling
Last quarter: 137 funds bought or added vs 120 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+19 vs last Q)

new funds entering per quarter
Funds opening a new PGY position: 87 → 61 → 37 → 56. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
📌

Mixed — 27% long-term, 37% new

■ 27% conviction (2yr+) ■ 36% medium ■ 37% new
Of the 222 current holders: 59 (27%) held >2 years, 80 held 1–2 years, and 83 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.
💰

Value +85% but shares only +2% — price-driven

Value
+84%
Shares
+1%
Last quarter: the total dollar value of institutional holdings rose +85%, but actual share count only changed +2%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📊

Peak discovery — momentum slowing

48 → 87 → 61 → 37 → 56 new funds/Q
New funds entering each quarter: 87 → 61 → 37 → 56. PGY is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
📊

Mixed cohorts — 31% veterans, 45% new entrants

■ 31% veterans ■ 23% 1-2yr ■ 45% new
Of 247 current holders: 77 (31%) held 2+ years, 58 held 1–2 years, 112 (45%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 59% AUM from top-100 funds

59% from top-100 AUM funds
44 of 218 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in PGY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.5
out of 10
Low Exit Risk
Exit risk score 3.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — PGY

In 2026 Q2, 137 hedge funds were net buyers of PGY (56 opened a new position, 81 added to an existing one), while 120 reduced or exited (70 trimmed, 50 sold completely) — a 53% buyer ratio, indicating a slight buying edge. 59% of total institutional value in PGY is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +6 funds (more new holders than closures). Total institutional holders: 222.

Hedge Fund Ownership: PGY

How many hedge funds hold PGY — quarterly history vs. share price
Quarterly hedge fund ownership of PGY vs. share price

Market Analysis: PGY

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: PGY

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

15 top-rated funds 1 high-conviction
Consensus
5.2
/ 10
breadth
×
Elite
1.9
/ 10
conviction
Hedge Fund Positioning: PGY
215 + Investors

Track Smart Money conviction in PGY. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 215 216 -0.46%
13F Shares 40M 43M -6.55%
Total Value $730M $501M 45.81%
New Positions 55 37 +18
Increased Positions 77 95 -18
Closed Positions 52 65 -13
Reduced Positions 60 56 +4
Total Calls 12 11 9.09%
Total Puts 17 14 21.43%
PUT/CALL Ratio 1.42 1.27 Bearish

Statistics: PGY

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Valuation Measures Data as of: --

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

215 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in PGY. Verified SEC 13F-HR filings.

QUARTER:
Top 25 PGY holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 HS Investments IV Ltd 17.87% 1,097,894 $20.0M
2 Aflac Inc 2.57% 130,324 $2.4M
3 Aquamarine Financial (Cayman) Ltd 1.78% 1,771,209 $32.3M
4 Whetstone Capital Advisors, LLC 1.42% 295,665 $5.4M
5 DLD Asset Management, LP 0.97% 805,000 $14.7M
6 Nicholas Wealth, LLC. 0.94% 94,131 $1.7M
7 Lombard Odier Asset Management (USA) Corp 0.90% 360,000 $6.6M
8 Creek Drive Management Group LLC 0.89% 100,000 $1.8M
9 Ironwood Investment Management LLC 0.62% 98,735 $1.8M
10 Manatuck Hill Partners, LLC 0.60% 100,000 $1.8M
11 Watershed Asset Management, L.L.C. 0.54% 32,800 $599K
12 Themes Management Co LLC 0.49% 40,151 $733K
13 Frontier Capital Management Co LLC 0.39% 2,296,417 $41.9M
14 Landscape Capital Management, L.L.C. 0.31% 264,680 $4.8M
15 Globeflex Capital L P 0.29% 122,956 $2.2M
16 Ardsley Advisory Partners LP 0.24% 125,000 $2.3M
17 Havemeyer Place LP 0.20% 112,951 $2.1M
18 Bridgeway Capital Management, LLC 0.19% 588,308 $10.7M
19 Fox Run Management, L.L.C. 0.18% 59,659 $1.1M
20 Qsemble Capital Management, LP 0.15% 62,272 $1.1M
21 Optivise Advisory Services LLC 0.11% 12,232 $223K
22 Farringdon Capital, Ltd. 0.09% 10,241 $187K
23 Dark Forest Capital Management LP 0.08% 67,375 $1.2M
24 Quantbot Technologies LP 0.07% 92,500 $1.7M
25 Y-Intercept (Hong Kong) Ltd 0.06% 179,335 $3.3M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Pagaya Technologies Ltd (PGY)

What does the Smart Money Trend signal show for PGY?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added PGY than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for PGY?

Slight buying edge — 53% buying: Last quarter: 137 funds bought or added vs 120 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for PGY holders?

Elite ownership — 59% AUM from top-100 funds: 44 of 218 holders are among the 100 largest funds by AUM, controlling 59% of total institutional value in PGY. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held PGY?

Mixed — 27% long-term, 37% new: Of the 222 current holders: 59 (27%) held >2 years, 80 held 1–2 years, and 83 entered in the last year. A mixed base — the stock has long-term believers but also recent buyers who haven't been tested by a downturn yet.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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