Maryland State Retirement & Pension System’s e.l.f. Beauty ELF Stock Holding History

Maryland State Retirement & Pension System’s Portfolio ELF Stock Details ELF Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-2,512	Closed	-$333K	–	1378
2025 Q3	$333K	Hold	2,512	–	–	0.01%	1046
2025 Q2	$313K	Buy	+2,512	New	+$214K	0.01%	1238
2025 Q1	–	Sell	-3,026	Closed	-$380K	–	1468
2024 Q4	$380K	Hold	3,026	–	–	0.01%	1230
2024 Q3	$330K	Sell	3,026 -1,096	-27%	-$172K	0.01%	1323
2024 Q2	$869K	Buy	+4,122	New	+$732K	0.02%	768
2024 Q1	–	Sell	-20,058	Closed	-$2.9M	–	1544
2023 Q4	$2.9M	Hold	20,058	–	–	0.06%	279
2023 Q3	$2.2M	Buy	20,058 +332	+2%	+$40.3K	0.05%	330
2023 Q2	$2.25M	Sell	19,726 -663	-3%	-$63.8K	0.05%	341
2023 Q1	$1.68M	Sell	20,389 -313	-2%	-$21.1K	0.04%	389
2022 Q4	$1.14M	Buy	20,702 +336	+2%	+$16.5K	0.03%	488
2022 Q3	$766K	Buy	20,366 +755	+4%	+$27.3K	0.06%	237
2022 Q2	$602K	Buy	19,611 +247	+1%	+$6.2K	0.02%	805
2022 Q1	$500K	Buy	19,364 +457	+2%	+$12.4K	0.01%	1060
2021 Q4	$628K	Buy	18,907 +146	+0.8%	+$4.53K	0.02%	935
2021 Q3	$561K	Buy	+18,761	New	+$537K	0.02%	1007

Other funds holding ELF

Baillie Gifford & Co Edinburgh, United Kingdom $110B AUM 4.8% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $999B AUM 46.22% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

ClearBridge Investments New York $121B AUM 27.52% 1-Year Est. Return

Swedbank Stockholm, Sweden $116B AUM 46.87% 1-Year Est. Return

Ensign Peak Advisors Salt Lake City, Utah $60.8B AUM 42.06% 1-Year Est. Return

ICP

Ilex Capital Partners London, United Kingdom $4.88B AUM 4.49% 1-Year Est. Return

CIP

Champlain Investment Partners Burlington, Vermont $3.89B AUM 16.15% 1-Year Est. Return

Maryland State Retirement & Pension System's ELF Position: Q4 2025 in Review

Maryland State Retirement & Pension System sold out of e.l.f. Beauty (ELF) in Q4 2025, closing a stake of 2,512 shares — an estimated $333K sold.

Maryland State Retirement & Pension System first reported a position in ELF in Q3 2021 and held it in 15 quarters. The position peaked at $2.9M in Q4 2023. 459 funds tracked by Wall St. Rank hold ELF as of Q4 2025.

Maryland State Retirement & Pension System reported no remaining e.l.f. Beauty position as of Q4 2025 after selling out during the quarter.
Maryland State Retirement & Pension System sold 2,512 e.l.f. Beauty shares in Q4 2025, an estimated $333K.
Maryland State Retirement & Pension System first reported a position in e.l.f. Beauty in Q3 2021 and held it in 15 quarters.
Maryland State Retirement & Pension System's e.l.f. Beauty position peaked at $2.9M in Q4 2023.
459 funds tracked by Wall St. Rank held e.l.f. Beauty as of Q4 2025.

Based on Maryland State Retirement & Pension System's 13F filing for Q4 2025, filed 17 Feb 2026.