PagSeguro Digital

PAGS • NYSE

PagSeguro Digital is a software - infrastructure company in the technology sector on NYSE, led by Alexandre Magnani, with a market cap of $3.0B. As of Q3 2025, 44% of shares are held by 230 institutional investors, with BlackRock, Inc. as the largest holder at 6.3%.

CEOAlexandre Magnani

Market Cap$3.0B

Software - Infrastructure

Technology

Employees8.6K

Websitepagseguro.uol.com.br

Overview

Overview of institutional ownership in PAGS as of Q3 2025 with a market cap of $2.9B

All Institutions

Institutions: 230
Value Held: $1.3B
Shares Held: 127.0M
Avg Position: $5.5M
Median Position: $640.7K

Hedge Funds

Hedge Funds: 46
Value Held: $394.8M
Shares Held: 39.5M
Avg Position: $8.6M
Median Position: $1.8M

Ownership Breakdown

Institutional (non-HF)

30.14%

$879.7M

Hedge Funds

13.53%

$394.8M

Retail & Other

56.33%

$1.6B

Based on market cap of $2.9B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in PAGS as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$183.8M 0.00% of portfolio	6.30% 18.4M shares	Q1 2018 Held for 7y 8m	$5.67T
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	Steven Alan Cohen CEO	$100.7M 0.23% of portfolio	3.45% 10.1M shares	Q2 2020 Held for 5y 5m	$43.2B
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	Gillian Morna Therese Savage CEO	$75.3M 0.15% of portfolio	2.58% 7.5M shares	Q2 2022 Held for 3y 5m	$51.5B
A Artemis Investment Management LLP Institution	-	$54.0M 0.67% of portfolio	1.85% 5.4M shares	Q1 2025 Held for 8 months	$8.1B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$44.8M 0.00% of portfolio	1.53% 4.5M shares	Q3 2018 Held for 7y 2m	$2.88T
Polunin Capital Partners Ltd Hedge Fund•Long/Short	Douglas Harold Hart Polunin CEO	$44.3M 37.71% of portfolio	1.52% 4.4M shares	Q3 2022 Held for 3y 2m	$117.6M
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$39.1M 0.01% of portfolio	1.34% 3.9M shares	Q1 2018 Held for 7y 8m	$691.34B
CAUSEWAY CAPITAL MANAGEMENT LLC Long Only Manager	Sarah Hotchkis Ketterer CEO	$38.9M 0.51% of portfolio	1.33% 3.9M shares	Q2 2025 Held for 5 months	$7.6B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$34.9M 0.00% of portfolio	1.20% 3.5M shares	Q1 2018 Held for 7y 8m	$1.65T
R Robeco Institutional Asset Management B.V. Institution	-	$31.8M 0.05% of portfolio	1.09% 3.2M shares	Q4 2022 Held for 2y 11m	$69.0B

Net Capital Flow

Institutional buying and selling activity for PAGS in Q3 2025

Traded: +$23.9M
Buyers: 129
Sellers: 106
Total Bought: +$237.3M
Total Sold: −$213.4M
Avg Position: $4.9M

Biggest Buyers

Institution	Net Bought	Current Position
A Artemis Investment Management LLP Institution	+$32.5M +3.2M shares	$54.0M 5.4M shares
M Maple Rock Capital Partners, Inc. Hedge Fund•Multi-Strategy	+$28.0M +2.8M shares	$28.0M 2.8M shares
JACOBS LEVY EQUITY MANAGEMENT, INC Hedge Fund•Quant	+$21.2M +2.1M shares	$21.6M 2.2M shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$12.1M +1.2M shares	$24.0M 2.4M shares
CAUSEWAY CAPITAL MANAGEMENT LLC Long Only Manager	+$12.0M +1.2M shares	$38.9M 3.9M shares
D D. E. Shaw & Co., Inc. Institution	+$9.4M +938.7K shares	$9.4M 938.7K shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	+$9.0M +897.9K shares	$9.0M 897.9K shares
B BlackRock, Inc. Institution	+$7.8M +778.2K shares	$183.8M 18.4M shares
Trexquant Investment LP Hedge Fund•Quant	+$7.0M +699.9K shares	$7.0M 699.9K shares
J Jump Financial, LLC Institution	+$6.4M +645.0K shares	$6.4M 645.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
C Capital World Investors Institution	−$50.5M −5.2M shares	Sold Off 0 shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$23.0M −2.3M shares	$100.7M 10.1M shares
O Orbis Allan Gray Ltd RIA/Wealth	−$20.1M −2.1M shares	Sold Off 0 shares
S SYLEBRA CAPITAL LLC Hedge Fund•Long/Short	−$16.8M −1.7M shares	Sold Off 0 shares
A Absolute Gestao de Investimentos Ltda. Institution	−$13.4M −1.4M shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$13.4M −1.3M shares	$39.1M 3.9M shares
N Nuveen, LLC Institution	−$11.7M −1.2M shares	$26.9M 2.7M shares
H HRT FINANCIAL LLC Institution	−$7.8M −776.9K shares	$8.5M 854.7K shares
C Contrarius Group Holdings Ltd Institution	−$7.3M −732.0K shares	$4.0M 397.1K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$5.6M −585.3K shares	Sold Off 0 shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited PAGS in Q3 2025

New Positions: 8
New Value: $3.5M
Exited Positions: 32
Exited Value: $118.8M

New Positions

Institution	Position Value
Bridgewater Associates, LP Hedge Fund•Global Macro	$2.5M 254.5K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$415.7K 41.6K shares
V VIRGINIA RETIREMENT SYSTEMS ET AL Institution	$228.0K 22.8K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$102.7K 10.3K shares
A Arkfeld Wealth Strategies, L.L.C. RIA/Wealth	$94.1K 10.1K shares
S State of Alaska, Department of Revenue Institution	$89.8K 9.0K shares
JPL Wealth Management, LLC RIA/Wealth	$5.6K 555.0 shares
Halbert, Hargrove/Russell LLC RIA/Wealth	$2.2K 217.0 shares

Exited Positions

Institution	Previous Position
C Capital World Investors Institution	$50.5M 5.2M shares
O Orbis Allan Gray Ltd RIA/Wealth	$20.1M 2.1M shares
S SYLEBRA CAPITAL LLC Hedge Fund•Long/Short	$16.8M 1.7M shares
A Absolute Gestao de Investimentos Ltda. Institution	$13.4M 1.4M shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$5.6M 585.3K shares
Banco BTG Pactual S.A. Private Equity	$3.4M 350.0K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$2.3M 236.5K shares
Walleye Trading LLC RIA/Wealth	$1.6M 167.5K shares
M MAVERICK CAPITAL LTD Hedge Fund•Long/Short	$1.3M 131.4K shares
W Winton Capital Group Ltd Institution	$571.9K 59.3K shares

Options Activity

Institutions with the largest Call and Put options positions in PAGS as of Q3 2025

Call Positions: 12
Call Value: $21.4M
Put Positions: 11
Put Value: $14.1M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$11.3M 11.3K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.0M 2.0K contracts
Walleye Trading LLC RIA/Wealth	$1.9M 1.9K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.4M 1.4K contracts
J JANE STREET GROUP, LLC Institution	$1.3M 1.3K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$879.0K 879.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$815.0K 815.0 contracts
D D. E. Shaw & Co., Inc. Institution	$653.0K 653.0 contracts
C Cubist Systematic Strategies, LLC Institution	$625.0K 625.0 contracts
P PEAK6 LLC Institution	$198.0K 198.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$5.2M 5.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$5.0M 5.0K contracts
D D. E. Shaw & Co., Inc. Institution	$1.5M 1.5K contracts
J JANE STREET GROUP, LLC Institution	$475.0K 475.0 contracts
UBS Group AG Institution	$469.0K 469.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$409.0K 409.0 contracts
Walleye Trading LLC RIA/Wealth	$335.0K 335.0 contracts
C Cubist Systematic Strategies, LLC Institution	$271.0K 271.0 contracts
P PEAK6 LLC Institution	$182.0K 182.0 contracts
W WOLVERINE TRADING, LLC Institution	$109.4K 106.0 contracts

Most Committed Institutions

Institutions with PAGS as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Polunin Capital Partners Ltd Hedge Fund•Long/Short	Douglas Harold Hart Polunin CEO	37.71% $44.3M	1.52% 4.4M shares	Q3 2022 Held for 3y 2m	$117.6M
14B Captial Management LP Hedge Fund•Long/Short	Ilya Nmn Zaides CIO	7.58% $13.0M	0.44% 1.3M shares	Q4 2023 Held for 1y 11m	$170.9M
T Truffle Hound Capital, LLC Hedge Fund•Long/Short	Stephen Raymond Bauer CEO	6.02% $7.5M	0.26% 750.0K shares	Q4 2024 Held for 11 months	$124.6M
I Incline Global Management LLC Hedge Fund•Long/Short	Jeffrey Louis Lignelli CEO	4.02% $13.6M	0.46% 1.4M shares	Q2 2021 Held for 4y 5m	$337.3M
Aurora Investment Counsel RIA/Wealth	David John Yucius President	1.38% $2.6M	0.09% 260.2K shares	Q4 2023 Held for 1y 11m	$188.5M
M Maple Rock Capital Partners, Inc. Hedge Fund•Multi-Strategy	Xavier George Majic CEO	1.09% $28.0M	0.96% 2.8M shares	Q3 2025 Held for 2 months	$2.6B
UBS OCONNOR LLC Long Only Manager	James Poucher CEO	0.80% $5.8M	0.20% 582.4K shares	Q2 2025 Held for 5 months	$723.8M
A Artemis Investment Management LLP Institution	-	0.67% $54.0M	1.85% 5.4M shares	Q1 2025 Held for 8 months	$8.1B
W Waterfront Wealth Inc. RIA/Wealth	Roger Carter Ratzlaff CEO	0.63% $3.1M	0.11% 335.3K shares	Q3 2023 Held for 2y 2m	$486.1M
Lombard Odier Asset Management Ltd Private Equity	Jr. Thomas Smith President	0.58% $9.1M	0.13% 377.5K shares	Q2 2022 Held for 3y 5m	$1.6B

Hedge Fund Spotlight

Discover hedge funds investing in PAGS

CastleKnight Management LP

Hedge Fund • Event Driven

Portfolio ManagerAaron Michael Weitman

Portfolio Value: $1.9B
Positions: 365
Last Reported: Q3 2025

Sector Allocation

Position in PagSeguro Digital

Market Value: $175.0K
Shares Held: 17.5K
Portfolio Weight: 0.01%
Owned Since: 2022-Q2

Top Holding	Sector	Market Value	Weight
1 Marvell Technology, Inc. MRVL	Semiconductors Technology	$57.3M	3.08%
2 Micron Technology MU	Semiconductors Technology	$48.0M	2.58%
3 Modine Manufacturing MOD	Auto - Parts Consumer Cyclical	$46.3M	2.49%