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e.l.f. Beauty
ELF

390 hedge funds and large institutions have $5.75B invested in e.l.f. Beauty in 2023 Q2 according to their latest regulatory filings, with 93 funds opening new positions, 115 increasing their positions, 152 reducing their positions, and 33 closing their positions.

New
Increased
Maintained
Reduced
Closed

182% more first-time investments, than exits

New positions opened: 93 | Existing positions closed: 33

83% more call options, than puts

Call options by funds: $175M | Put options by funds: $95.6M

56% more funds holding in top 10

Funds holding in top 10: 9 → 14 (+5)

36% more capital invested

Capital invested by funds: $4.21B → $5.75B (+$1.53B)

18% more funds holding

Funds holding: 331 → 390 (+59)

1.7% less ownership

Funds ownership: 95.1% → 93.4% (-1.7%)

24% less repeat investments, than reductions

Existing positions increased: 115 | Existing positions reduced: 152

Holders
390
Holders Change
+59
Holders Change %
+17.82%
% of All Funds
6.12%
Holding in Top 10
14
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+55.56%
% of All Funds
0.22%
New
93
Increased
115
Reduced
152
Closed
33
Calls
$175M
Puts
$95.6M
Net Calls
+$79.3M
Net Calls Change
+$33.7M

Top Buyers

1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$119M
2
William Blair Investment Management
William Blair Investment Management
Illinois
+$86.7M
3
Renaissance Technologies
Renaissance Technologies
New York
+$47.6M
4
CIBC Private Wealth Group
CIBC Private Wealth Group
Georgia
+$34.9M
5
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$33.2M

Top Sellers

1
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
-$141M
2
Millennium Management
Millennium Management
New York
-$62.2M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$36.9M
4
RIM
Ranger Investment Management
Texas
-$31.1M
5
Aberdeen Group
Aberdeen Group
United Kingdom
-$29.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fuller & Thaler Asset Management
26
Fuller & Thaler Asset Management
California
$48.5M +$3.82M +39,731 +10%
Charles Schwab
27
Charles Schwab
California
$45.6M +$721K +7,488 +2%
Allspring Global Investments
28
Allspring Global Investments
North Carolina
$42.4M +$764K +7,941 +2%
Thrivent Financial for Lutherans
29
Thrivent Financial for Lutherans
Minnesota
$41.8M -$17.9M -185,749 -34%
CIBC Private Wealth Group
30
CIBC Private Wealth Group
Georgia
$41.4M +$34.9M +362,272 New
PCM
31
Portolan Capital Management
Massachusetts
$40.4M -$23.4M -243,528 -41%
Aberdeen Group
32
Aberdeen Group
United Kingdom
$38.5M -$29.7M -308,929 -48%
Principal Financial Group
33
Principal Financial Group
Iowa
$37.2M -$5.62M -58,370 -15%
Arrowstreet Capital
34
Arrowstreet Capital
Massachusetts
$36.8M +$17.2M +178,855 +125%
Man Group
35
Man Group
United Kingdom
$36M +$30.4M +315,329 New
AI
36
Axiom Investors
Connecticut
$35.6M +$20.4M +212,150 +214%
Federated Hermes
37
Federated Hermes
Pennsylvania
$35.1M -$8.23M -85,476 -22%
Millennium Management
38
Millennium Management
New York
$34.6M -$62.2M -646,271 -68%
Prudential Financial
39
Prudential Financial
New Jersey
$32.4M -$18.1M -187,863 -40%
UBS Group
40
UBS Group
Switzerland
$25.7M +$6.75M +70,174 +45%
BNP Paribas Financial Markets
41
BNP Paribas Financial Markets
France
$25.6M -$2.85M -29,571 -12%
D.E. Shaw & Co
42
D.E. Shaw & Co
New York
$25.2M -$7.6M -78,962 -26%
SEI Investments
43
SEI Investments
Pennsylvania
$22.3M +$608K +6,314 +3%
Russell Investments Group
44
Russell Investments Group
United Kingdom
$22.1M -$12M -124,733 -39%
Legal & General Group
45
Legal & General Group
United Kingdom
$21.7M +$4.13M +42,917 +29%
FC
46
FACT Capital
New York
$21.7M -$11.6M -120,584 -39%
Connor, Clark & Lunn Investment Management (CC&L)
47
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$21.2M +$3.5M +36,391 +24%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
48
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$21.1M +$5.44M +56,500 +44%
American Century Companies
49
American Century Companies
Missouri
$21.1M -$8.99M -93,430 -34%
KCM
50
Kennedy Capital Management
Missouri
$20.2M -$3.72M -38,688 -18%
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ELF Hedge Fund Activity: Q2 2023 in Review

390 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in e.l.f. Beauty (ELF) for Q2 2023, worth a combined $5.75B — up 36% from $4.21B a quarter earlier.

Buyers outnumbered sellers: 93 funds opened new ELF positions and 33 closed out — a net gain of 60 holders — while 115 added to existing stakes and 152 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $119M. The largest seller was Assenagon Asset Management, cutting an estimated $141M.

  • 390 institutional investors held e.l.f. Beauty (ELF) as of Q2 2023, up from 331 in Q1 2023.
  • Funds reported $5.75B of e.l.f. Beauty stock for Q2 2023, up 36% quarter-over-quarter.
  • 93 funds opened new e.l.f. Beauty positions in Q2 2023 and 33 closed out, a net change of +60 holders.
  • The largest e.l.f. Beauty buyer in Q2 2023 was T. Rowe Price Associates, an estimated $119M added.
  • The largest e.l.f. Beauty seller in Q2 2023 was Assenagon Asset Management, an estimated $141M sold.

Based on aggregated 13F filings for Q2 2023.