Elanco Animal Health
ELAN
518 hedge funds and large institutions have $13B invested in Elanco Animal Health in 2026 Q1 according to their latest regulatory filings, with 96 funds opening new positions, 199 increasing their positions, 152 reducing their positions, and 56 closing their positions.
71% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 56
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
31% more repeat investments, than reductions
Existing positions increased: 199 | Existing positions reduced: 152
28% more call options, than puts
Call options by funds: $19.3M | Put options by funds: $15M
7% more capital invested
Capital invested by funds: $12.2B → $13B (+$849M)
7% more funds holding
Funds holding: 485 → 518 (+33)
1.23% more ownership
Funds ownership: 108.49% → 109.73% (+1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Winslow Capital Management
Minneapolis,
Minnesota
|
+$333M |
| 2 |
SEI Investments
Oaks,
Pennsylvania
|
+$122M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$81.9M |
| 4 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$70.2M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$43.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dodge & Cox
San Francisco,
California
|
-$248M |
| 2 |
Millennium Management
New York
|
-$181M |
| 3 |
Nuveen
Charlotte,
North Carolina
|
-$94.1M |
| 4 |
Morgan Stanley
New York
|
-$45.7M |
| 5 |
BIP
Brandes Investment Partners
La Jolla,
California
|
-$34.8M |
ELAN Hedge Fund Activity: Q1 2026 in Review
518 of the 8,186 institutional investors tracked by Wall St. Rank reported a position in Elanco Animal Health (ELAN) for Q1 2026, worth a combined $13B — up 7% from $12.2B a quarter earlier.
Buyers outnumbered sellers: 96 funds opened new ELAN positions and 56 closed out — a net gain of 40 holders — while 199 added to existing stakes and 152 trimmed.
The largest buyer was Winslow Capital Management, opening a new position worth an estimated $333M. The largest seller was Dodge & Cox, cutting an estimated $248M.
- 518 institutional investors held Elanco Animal Health (ELAN) as of Q1 2026, up from 485 in Q4 2025.
- Funds reported $13B of Elanco Animal Health stock for Q1 2026, up 7% quarter-over-quarter.
- 96 funds opened new Elanco Animal Health positions in Q1 2026 and 56 closed out, a net change of +40 holders.
- The largest Elanco Animal Health buyer in Q1 2026 was Winslow Capital Management, an estimated $333M added.
- The largest Elanco Animal Health seller in Q1 2026 was Dodge & Cox, an estimated $248M sold.
Based on aggregated 13F filings for Q1 2026.