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
↓ -28
Streak
1Q ▼
Buyers last Q
54%

Smart Money Signals — PGY

Based on 216 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their PGY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 89% of 3.0Y peak

89% of all-time peak
216 funds currently hold this stock — 89% 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 — +54% more funds vs a year ago

fund count last 6Q
+76 new funds entered over the past year (+54% 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 — 54% buying

142 buying123 selling
Last quarter: 142 funds bought or added vs 123 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.
⚠️

Fewer new buyers each quarter (-24 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 48 → 86 → 61 → 37. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔄

Mostly new holders — 41% entered in last year

■ 21% conviction (2yr+) ■ 38% medium ■ 41% new
Only 46 funds (21%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares -11%, value -50%

Value
-50%
Shares
-10%
Last quarter: funds added -11% more shares while total portfolio value only changed -50%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

34 → 48 → 86 → 61 → 37 new funds/Q
New funds entering each quarter: 48 → 86 → 61 → 37. 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 — 28% veterans, 50% new entrants

■ 28% veterans ■ 22% 1-2yr ■ 50% new
Of 235 current holders: 66 (28%) held 2+ years, 51 held 1–2 years, 118 (50%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
✅

Strong quality — 38% AUM from major funds

38% from top-100 AUM funds
44 of 210 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
4.0
out of 10
Moderate Exit Risk
Exit risk score 4.0/10 — some crowding factors present, but no critical concentration. Watch ownership trend over the next 1–2 quarters for direction.

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 Q1, 142 hedge funds were net buyers of PGY (37 opened a new position, 105 added to an existing one), while 123 reduced or exited (58 trimmed, 65 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 38% of total institutional value in PGY is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -28 funds (more exits than new entries). Total institutional holders: 216.

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.

Is It Too Late to Buy Pagaya Technologies Ltd (PGY) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much PGY has moved relative to its sector benchmark (XLK) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 75d ago
PGY
+32.4%
XLK
+39.1%

PGY outperformed XLK by -6.7% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 30d ago
PGY
+13.9%
XLK
+4.8%

Since the filing became public, PGY outperformed XLK by +9.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

23 top-rated funds 1 high-conviction
Consensus
6.0
/ 10
breadth
×
Elite
1.6
/ 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 Q1) Prior (2025 Q4) Change
Funds Holding 215 244 -11.89%
13F Shares 43M 49M -10.91%
Total Value $501M $1.01B -50.31%
New Positions 37 61 -24
Increased Positions 94 95 -1
Closed Positions 66 50 +16
Reduced Positions 56 67 -11
Total Calls 11 16 -31.25%
Total Puts 14 13 7.69%
PUT/CALL Ratio 1.27 0.81 Bearish

Statistics: PGY

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Valuation Measures Data as of: --

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Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 HS Investments IV Ltd 15.87% 1,097,894 $12.8M
2 Viola Ventures V.C. Management 4 Ltd. 6.90% 206,126 $2.4M
3 Aflac Inc 1.60% 130,324 $1.5M
4 Whetstone Capital Advisors, LLC 1.20% 296,038 $3.4M
5 Creek Drive Management Group LLC 0.80% 302,000 $3.5M
6 Olympiad Research LP 0.61% 17,147 $200K
7 Watershed Asset Management, L.L.C. 0.48% 39,762 $463K
8 Ironwood Investment Management LLC 0.46% 94,311 $1.1M
9 Lombard Odier Asset Management (USA) Corp 0.44% 360,000 $4.2M
10 Themes Management Co LLC 0.32% 44,300 $516K
11 Scientech Research LLC 0.27% 28,174 $328K
12 Nicholas Wealth, LLC. 0.26% 32,083 $374K
13 Landscape Capital Management, L.L.C. 0.19% 252,150 $2.9M
14 Globeflex Capital L P 0.18% 104,765 $1.2M
15 SPX Gestao de Recursos Ltda 0.17% 180,100 $2.1M
16 Edgestream Partners, L.P. 0.14% 373,771 $4.4M
17 PDT Partners, LLC 0.14% 203,044 $2.4M
18 ExodusPoint Capital Management, LP 0.09% 936,200 $10.9M
19 Havemeyer Place LP 0.08% 58,930 $687K
20 Voleon Capital Management LP 0.07% 280,146 $3.3M
21 Thurston, Springer, Miller, Herd & Titak, INC. 0.06% 12,194 $142K
22 Two Sigma Advisers, LP 0.05% 1,192,124 $24.9M
23 Trexquant Investment LP 0.04% 508,557 $5.9M
24 Emerald Mutual Fund Advisers Trust 0.04% 74,640 $870K
25 Entropy Technologies, LP 0.04% 71,065 $828K
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?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their PGY positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for PGY?

Slight buying edge — 54% buying: Last quarter: 142 funds bought or added vs 123 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?

Strong quality — 38% AUM from major funds: 44 of 210 holders rank in the top 100 by AUM, accounting for 38% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held PGY?

Mostly new holders — 41% entered in last year: Only 46 funds (21%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Pagaya Technologies Ltd (PGY) following the 2026 Q1 hedge fund 13F filings?

As of today, PGY has moved +13.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLK sector ETF — an outperformance of +9.1%. Since the quarter end (March 31, 2026), PGY has gained +32.4% vs +39.1% for XLK. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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