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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
WMSA
151
Weiss Multi-Strategy Advisers
New York
$2.47M -$2.63M -27,335 -56%
CIP
152
Chartwell Investment Partners
Pennsylvania
$2.47M -$595K -6,180 -22%
HSBC Holdings
153
HSBC Holdings
United Kingdom
$2.42M +$2.02M +20,995 New
IMPI
154
Ilmarinen Mutual Pension Insurance
Finland
$2.4M +$2.02M +21,000 New
ITFISA
155
Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna
$2.35M – – –
CL
156
CIM LLC
New York
$2.33M +$1.96M +20,399 New
Franklin Resources
157
Franklin Resources
California
$2.33M +$1.5M +15,587 +326%
Manulife (Manufacturers Life Insurance)
158
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$2.31M +$61.7K +641 +3%
Susquehanna International Group
159
Susquehanna International Group
Pennsylvania
$2.26M -$7.5M -77,942 -80%
MSRPS
160
Maryland State Retirement & Pension System
Maryland
$2.25M -$63.8K -663 -3%
Group One Trading
161
Group One Trading
Illinois
$2.21M +$1.86M +19,326 New
Two Sigma Investments
162
Two Sigma Investments
New York
$2.18M -$20.5M -212,530 -92%
William Blair & Company
163
William Blair & Company
Illinois
$2.12M +$1.2M +12,476 +206%
ACM
164
Aquatic Capital Management
Illinois
$2.09M +$1.16M +12,100 +195%
DIA
165
Dana Investment Advisors
Wisconsin
$2.08M -$559K -5,810 -24%
Ensign Peak Advisors
166
Ensign Peak Advisors
Utah
$2M – – –
PFA
167
Petra Financial Advisors
Colorado
$1.98M +$1.67M +17,331 New
SCP
168
Syntal Capital Partners
Texas
$1.96M -$220K -2,286 -12%
E
169
Ergoteles
New York
$1.93M +$549K +5,708 +51%
Natixis Advisors
170
Natixis Advisors
Massachusetts
$1.89M +$170K +1,770 +12%
TRSOTSOK
171
Teachers Retirement System of the State of Kentucky
Kentucky
$1.84M +$84.1K +874 +6%
TD Asset Management
172
TD Asset Management
Ontario, Canada
$1.84M +$1.55M +16,100 New
OPERF
173
Oregon Public Employees Retirement Fund
Oregon
$1.8M -$48.2K -501 -3%
SO
174
STRS Ohio
Ohio
$1.74M -$164K -1,700 -10%
NFAM
175
North Fourth Asset Management
New Jersey
$1.71M +$1.44M +15,000 New
5 6
7
8 9

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.