SCHEDULE 13G/A: BlackRock Discloses 3.6% Passive Stake in Pagaya Technologies Ltd.
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 3.6% passive beneficial ownership stake in Pagaya Technologies Ltd.'s Class A Stock as of March 31, 2025.
Summary
- BlackRock, Inc. reported beneficial ownership of 2,253,363 shares of Pagaya Technologies Ltd.'s Class A Stock as of March 31, 2025.
- This ownership represents 3.6% of the total outstanding Class A Stock of Pagaya Technologies Ltd.
- BlackRock, Inc. holds sole voting power over 2,179,263 shares and sole dispositive power over 2,253,363 shares.
- The filing is an Amendment No. 2 to Schedule 13G, indicating previous filings for this stake.
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Pagaya Technologies Ltd.
- The filing was made by BlackRock, Inc. as a parent holding company and control person, with various subsidiaries contributing to the aggregate beneficial ownership, including BlackRock Investment Management, LLC, which beneficially owns 5% or greater of the outstanding shares of the security class.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing passive ownership, providing no new information that would significantly alter sentiment regarding Pagaya Technologies Ltd. or BlackRock, Inc.
Positives
- BlackRock, Inc., a major institutional investor, maintains a significant passive stake in Pagaya Technologies Ltd., indicating continued confidence in the company as an investment.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by a large asset manager, BlackRock, Inc., regarding its passive investment in Pagaya Technologies Ltd. It reflects standard portfolio management activities rather than specific industry trends or competitive positioning.
Stakeholder Impact
- Shareholders of Pagaya Technologies Ltd. gain transparency regarding the passive ownership stake held by BlackRock, Inc., a significant institutional investor.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Date of previous Power of Attorney that was revoked. |
| 01/21/2025 | Effective date of the new Power of Attorney for BlackRock, Inc. attorneys-in-fact. |
| 03/31/2025 | Date of event which required the filing of this statement (reporting period end). |
| 04/24/2025 | Date the Schedule 13G Amendment No. 2 was signed and filed. |
Keywords
Pagaya Technologies, BlackRock, Schedule 13G, Beneficial Ownership, Class A Stock, Passive Investment, Institutional Investor
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