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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
Citigroup
101
Citigroup
New York
$5.8M +$2.14M +22,269 +78%
First Trust Advisors
102
First Trust Advisors
Illinois
$5.66M -$2.27M -23,626 -32%
New York State Teachers Retirement System (NYSTRS)
103
New York State Teachers Retirement System (NYSTRS)
New York
$5.54M +$400K +4,152 +9%
UBS AM
104
UBS AM
Illinois
$5.35M – – –
TPSF
105
Texas Permanent School Fund
Texas
$5.09M -$79.5K -826 -2%
Qube Research & Technologies (QRT)
106
Qube Research & Technologies (QRT)
United Kingdom
$4.96M +$695K +7,224 +20%
Walleye Trading
107
Walleye Trading
New York
$4.8M +$4.04M +41,995 New
NIP
108
Nicholas Investment Partners
California
$4.74M -$885K -9,199 -18%
Citadel Advisors
109
Citadel Advisors
Florida
$4.58M -$16.2M -168,807 -81%
RHJA
110
Rice Hall James & Associates
California
$4.5M -$1.52M -15,805 -29%
GCP
111
GSA Capital Partners
United Kingdom
$4.49M +$1.34M +13,902 +55%
Barclays
112
Barclays
United Kingdom
$4.45M -$380K -3,948 -9%
VOYA Investment Management
113
VOYA Investment Management
Georgia
$4.41M +$295K +3,065 +9%
Mitsubishi UFJ Asset Management
114
Mitsubishi UFJ Asset Management
Japan
$4.29M – – –
PC
115
Pier Capital
Connecticut
$4.2M -$3.28M -34,117 -48%
TF
116
Trek Financial
Arizona
$4.13M +$139K +1,444 +4%
WP
117
Woodline Partners
California
$4.09M -$7.69M -79,880 -69%
PCM
118
Penserra Capital Management
California
$4.08M +$3.12M +32,453 +989%
State of Tennessee, Department of Treasury
119
State of Tennessee, Department of Treasury
Tennessee
$4.08M +$59.1K +614 +2%
Teacher Retirement System of Texas
120
Teacher Retirement System of Texas
Texas
$3.98M -$783K -8,135 -19%
Los Angeles Capital Management
121
Los Angeles Capital Management
California
$3.95M +$116K +1,210 +4%
Envestnet Asset Management
122
Envestnet Asset Management
Illinois
$3.91M -$323K -3,360 -9%
PP
123
PDT Partners
New York
$3.9M -$2.44M -25,300 -43%
TC
124
TownSquare Capital
Utah
$3.85M -$195K -2,025 -6%
SOADOR
125
State of Alaska Department of Revenue
Alaska
$3.81M -$131K -1,357 -4%
3 4
5
6 7

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.