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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
Assenagon Asset Management
76
Assenagon Asset Management
Luxembourg
$10M -$141M -1,465,321 -94%
SC
77
Shellback Capital
Massachusetts
$9.63M +$4.81M +50,000 +146%
Deutsche Bank
78
Deutsche Bank
Germany
$9.5M -$6.38M -66,257 -44%
ZIM
79
Zacks Investment Management
Illinois
$9.46M +$43.7K +454 +0.6%
Macquarie Group
80
Macquarie Group
Australia
$9.17M -$5.52M -57,300 -42%
Canada Life
81
Canada Life
Manitoba, Canada
$9.13M +$36.2K +376 +0.5%
Jane Street
82
Jane Street
New York
$9.05M +$7.16M +74,428 +1,543%
MGCM
83
Mane Global Capital Management
New York
$8.71M +$7.34M +76,270 New
Capital Fund Management (CFM)
84
Capital Fund Management (CFM)
France
$8.48M +$5.29M +54,996 +286%
GAM
85
Gotham Asset Management
New York
$8.39M -$1.02M -10,613 -13%
TI
86
Trexquant Investment
Connecticut
$8.28M +$1.56M +16,213 +29%
Twin Tree Management
87
Twin Tree Management
Texas
$8.03M +$6.76M +70,275 New
Neuberger Berman Group
88
Neuberger Berman Group
New York
$8.01M +$6.75M +70,087 New
WHGC
89
Wealth High Governance Capital
Brazil
$8M +$6.74M +70,000 New
AQR Capital Management
90
AQR Capital Management
Connecticut
$7.25M +$1.3M +13,557 +27%
CS
91
Credit Suisse
Switzerland
$7.18M +$1.06M +11,004 +21%
Canada Pension Plan Investment Board
92
Canada Pension Plan Investment Board
Ontario, Canada
$7.07M +$5.96M +61,900 New
Lazard Asset Management
93
Lazard Asset Management
New York
$7.01M +$650K +6,752 +12%
California State Teachers Retirement System (CalSTRS)
94
California State Teachers Retirement System (CalSTRS)
California
$7M -$117K -1,211 -2%
Axa
95
Axa
France
$6.64M -$1.18M -12,300 -17%
COPPSERS
96
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$6.54M +$349K +3,622 +7%
JC
97
Jetstream Capital
Tennessee
$6.4M +$2.12M +22,000 +65%
HIM
98
Hillsdale Investment Management
Ontario, Canada
$6.07M -$2.68M -27,865 -34%
EGI
99
EAM Global Investors
California
$5.86M -$1.31M -13,641 -21%
Wells Fargo
100
Wells Fargo
California
$5.86M -$891K -9,252 -15%
2 3
4
5 6

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.