Hamilton Lane Advisors Reduces Stake in Pagaya Technologies

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Hamilton Lane Advisors LLC, a major institutional investor, reduced its stake in Pagaya Technologies Ltd. (NASDAQ: PGY) by 62.1% during the fourth quarter, according to a recent SEC filing. The firm sold 253,211 shares, leaving it with 154,224 shares worth approximately $3.2 million as of the end of 2025.

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 lending products. The reduction in Hamilton Lane's position could signal broader investor concerns about the company's valuation or growth prospects, though it remains a top-10 shareholder.

The details

According to the filing, Hamilton Lane Advisors sold 253,211 shares of Pagaya Technologies during the fourth quarter, reducing its total position to 154,224 shares. This represented a 62.1% decrease in the firm's stake in the company. Hamilton Lane Advisors had previously owned approximately 0.19% of Pagaya's outstanding shares.

• Hamilton Lane Advisors filed the disclosure of its reduced Pagaya stake on April 4, 2026.
• The trades occurred during the fourth quarter of 2025.