[SCHEDULE 13G/A] Pagaya Technologies Ltd. SEC Filing

Rhea-AI Filing Summary

Frontier Capital Management Co., LLC reports beneficial ownership of 2,574,395 shares of Pagaya Technologies Ltd Class A common stock, representing 4.08% of the class. The firm discloses sole voting power over 1,052,618 shares and sole dispositive power over the full 2,574,395 shares. The filing is an amended Schedule 13G and includes a certification that the shares are held in the ordinary course of business and not to change or influence control of the issuer.

This is a routine institutional ownership disclosure showing a non-controlling stake below 5%, with clear allocation of voting and disposition rights but no stated intent to influence corporate control.

Insights

Financial Analyst

TL;DR Frontier reports a non-controlling 4.08% stake with sole disposal power over 2.57M shares.

From a shareholder perspective, this Schedule 13G/A documents an institutional position that is below the 5% reporting threshold for greater regulatory scrutiny and identifies precise voting and dispositive counts. The filing signals notable but non-controlling holdings: 1,052,618 shares of sole voting power and 2,574,395 shares of sole dispositive power. The certification that the position is held in the ordinary course and not to influence control reduces the likelihood of imminent governance actions tied to this holding.

Corporate Governance Expert

TL;DR Routine disclosure: institutional ownership documented, no declared intent to exert control.

The amendment formally allocates control metrics between voting and disposition rights, which is important for governance records. Because the reported ownership is 4.08% and the filer affirms no intent to change control, this is a standard passive institutional disclosure rather than an activist or control-seeking filing. Investors should note the precise voting share count (1,052,618) for proxy and quorum analyses, but the filing itself does not represent a material governance change.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Pagaya Technologies Ltd Class A

(Name of Issuer)

COMMON STOCKS

(Title of Class of Securities)

M7S64L123

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. M7S64L123

1

Names of Reporting Persons

FRONTIER CAPITAL MANAGEMENT CO.,LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,052,618.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,574,395.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,574,395.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.08 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Pagaya Technologies Ltd Class A
(b)	Address of issuer's principal executive offices: 335 Madison Ave, 16th Floor, New York, New York, 10017
Item 2.
(a)	Name of person filing: FRONTIER CAPITAL MANAGEMENT CO., LLC
(b)	Address or principal business office or, if none, residence: 99 Summer Street Boston, MA 02110
(c)	Citizenship: Delaware
(d)	Title of class of securities: COMMON STOCKS
(e)	CUSIP No.: M7S64L123
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 2,574,395
(b)	Percent of class: 4.08%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,052,618
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2,574,395
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

FRONTIER CAPITAL MANAGEMENT CO.,LLC

Signature:	Robert E. Phay
Name/Title:	Robert E. Phay, Chief Compliance Officer & General Counsel
Date:	08/14/2025

FAQ

How many Pagaya (PGY) shares does Frontier Capital report owning?

Frontier reports beneficial ownership of 2,574,395 shares of Pagaya Class A common stock.

What percentage of Pagaya (PGY) does Frontier Capital's holding represent?

The filing states the holding represents 4.08% of the Class A shares.

How much voting power does Frontier Capital report for PGY?

Frontier reports sole voting power over 1,052,618 shares and 0 shares of shared voting power.

Does the Schedule 13G/A indicate Frontier intends to influence Pagaya's control?

No. The certification in the filing states the securities are held in the ordinary course of business and not to change or influence control.

What form was filed for this disclosure about Pagaya (PGY)?

The disclosure was made on an amended Schedule 13G filed by Frontier Capital Management Co., LLC.