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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
Fifth Third Bancorp
126
Fifth Third Bancorp
Ohio
$3.63M -$241K -2,504 -7%
State of New Jersey Common Pension Fund D
127
State of New Jersey Common Pension Fund D
New Jersey
$3.63M – – –
EGM
128
Engineers Gate Manager
New York
$3.5M -$7.4M -76,895 -71%
YCM
129
Yousif Capital Management
Michigan
$3.21M -$183K -1,903 -6%
Mirae Asset Global Investments
130
Mirae Asset Global Investments
South Korea
$3.18M +$615K +6,394 +30%
Osaic Holdings
131
Osaic Holdings
Arizona
$3.16M -$361K -3,747 -12%
EF
132
Empowered Funds
Pennsylvania
$3.13M -$807K -8,380 -23%
EST
133
EA Series Trust
Pennsylvania
$3.13M +$2.64M +27,440 New
AIG
134
American International Group
New York
$3.08M +$5.87K +61 +0.2%
RJA
135
Raymond James & Associates
Florida
$3.06M -$216K -2,239 -8%
LSERS
136
Louisiana State Employees Retirement System
Louisiana
$3.04M +$289K +3,000 +13%
MIM
137
MetLife Investment Management
New Jersey
$3.02M +$72.7K +755 +3%
Commonwealth Equity Services
138
Commonwealth Equity Services
Massachusetts
$3.02M -$486K -5,045 -16%
LCM
139
Legato Capital Management
California
$2.96M +$502K +5,217 +25%
BBL
140
Beck Bode LLC
Massachusetts
$2.96M -$360K -3,744 -13%
EI
141
EAM Investors
California
$2.91M -$848K -8,813 -26%
Squarepoint
142
Squarepoint
New York
$2.89M -$3.91M -40,670 -62%
EIM
143
Essex Investment Management
Massachusetts
$2.8M -$1.04M -10,762 -31%
NA
144
Navellier & Associates
Nevada
$2.72M +$1.59M +16,477 +226%
Calamos Advisors
145
Calamos Advisors
Illinois
$2.71M -$6.26M -64,999 -73%
QT
146
Quantbot Technologies
New York
$2.7M -$1.75M -18,167 -43%
Janus Henderson Group
147
Janus Henderson Group
United Kingdom
$2.65M -$3.08K -32 -0.1%
AB
148
Amalgamated Bank
New York
$2.62M -$15.9K -165 -0.7%
AIMCA
149
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$2.58M -$1.22M -12,722 -36%
LPL Financial
150
LPL Financial
California
$2.57M +$935K +9,714 +76%
4 5
6
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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.