JPMorgan Chase & Co. Reduces Stake in Pagaya Technologies

Institutional investor sells over 330,000 shares of fintech company

Mar. 23, 2026 at 8:52am

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JPMorgan Chase & Co. has reduced its position in Pagaya Technologies Ltd. (NASDAQ:PGY) by 24% in the third quarter, according to a recent SEC filing. The fund now owns approximately 1.05 million shares, or 1.31% of the company's stock, valued at $31.3 million.

Why it matters

Pagaya is a fast-growing fintech company that uses artificial intelligence and machine learning to analyze consumer credit data and provide alternative credit products. JPMorgan's reduced stake could signal a shift in investor sentiment around the company's prospects.

The details

According to the filing, JPMorgan sold 332,578 shares of Pagaya during the third quarter. The bank now owns 1,052,701 shares of the company's stock. Several other institutional investors and hedge funds have also adjusted their positions in Pagaya, with some increasing their stakes and others, like JPMorgan, reducing exposure.

  • JPMorgan Chase & Co. reduced its position in Pagaya Technologies in the 3rd quarter of 2026.

The players

JPMorgan Chase & Co.

A major American multinational investment bank and financial services company.

Pagaya Technologies Ltd.

A financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries.

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The takeaway

JPMorgan's reduced stake in Pagaya Technologies could signal a shift in investor sentiment around the fintech company's prospects, though the overall institutional ownership remains high at over 57%.