SCHEDULE: Frontier Capital Updates Pagaya Technologies Stake

Frontier Capital Management Co., LLC has updated its beneficial ownership in Pagaya Technologies Ltd Class A, reporting a 4.08% stake as of June 30, 2025.

Summary

• Frontier Capital Management Co., LLC, an investment adviser based in Boston, MA, has filed an Amendment No. 1 to its Schedule 13G regarding its beneficial ownership in Pagaya Technologies Ltd Class A common stock.
• As of June 30, 2025, Frontier Capital Management Co., LLC beneficially owns 2,574,395 shares of Pagaya Technologies Ltd Class A common stock.
• This ownership represents 4.08% of the total Class A common stock outstanding.
• Frontier Capital Management Co., LLC holds sole voting power over 1,052,618 shares and sole dispositive power over all 2,574,395 shares.
• The filing 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 the issuer.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership, providing no direct positive or negative operational or financial news for the issuer. The sentiment is neutral as it simply updates an institutional investor's stake.

Positives

• A reputable investment adviser, Frontier Capital Management Co., LLC, maintains a significant beneficial ownership stake in Pagaya Technologies Ltd, indicating continued interest in the company.

Negatives

• The reported beneficial ownership of 4.08% is below the 5% threshold typically associated with initial Schedule 13G filings, which, in an amendment, could imply a reduction in stake from a previous filing, potentially signaling a decrease in conviction or portfolio rebalancing by the investor.

Risks

• The reporting person, Frontier Capital Management Co., LLC, explicitly states that the securities were not acquired or held for the purpose of changing or influencing the control of Pagaya Technologies Ltd, meaning they are a passive investor and will not actively drive strategic changes.

Future Outlook

This filing is a beneficial ownership report and does not contain forward-looking statements or guidance from the issuer or the reporting person regarding the issuer's future performance.

Industry Context

This filing is a routine disclosure of institutional ownership, common in the financial industry, where investment advisers report their significant, passive stakes in publicly traded companies. It does not provide insights into broader industry trends or competitive dynamics.

Stakeholder Impact

• Shareholders are informed of the current beneficial ownership stake held by Frontier Capital Management Co., LLC, providing transparency regarding significant institutional holdings.

Key Dates

Keywords

Pagaya Technologies, Frontier Capital Management, beneficial ownership, Schedule 13G, investment adviser, common stock, institutional investor