Establishment Labs
ESTA
29 hedge funds and large institutions have $219M invested in Establishment Labs in 2019 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 10 increasing their positions, 8 reducing their positions, and 5 closing their positions.
60% more first-time investments, than exits
New positions opened: 8 | Existing positions closed: 5
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
43% more capital invested
Capital invested by funds: $153M → $219M (+$66M)
25% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 8
17.34% more ownership
Funds ownership: 29.3% → 46.64% (+17%)
12% more funds holding
Funds holding: 26 → 29 (+3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JAM
JW Asset Management
Miami Beach,
Florida
|
+$70.3M |
| 2 |
PA
Perceptive Advisors
New York
|
+$15.4M |
| 3 |
RI
RTW Investments
New York
|
+$13.3M |
| 4 |
PVI
Pura Vida Investments
New York
|
+$4.01M |
| 5 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$3.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACA
Avoro Capital Advisors
New York
|
-$11.4M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$7.75M |
| 3 |
RG
Redmile Group
San Francisco,
California
|
-$3.16M |
| 4 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$2.22M |
| 5 |
OM
Opaleye Management
Boston,
Massachusetts
|
-$1.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
BlackRock
New York
| $63K | -$76.2K | -3,191 | -53% |
|
27
Morgan Stanley
New York
| $47K | -$34.2K | -1,434 | -40% |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| $30K | +$23.2K | +972 | +257% |
|
|
LTFS
29
Ladenburg Thalmann Financial Services
Miami,
Florida
| $2K | – | – | – |
|
|
ACA
30
Avoro Capital Advisors
New York
| – | -$11.4M | -475,000 | Closed |
|
|
DCM
31
Driehaus Capital Management
Chicago,
Illinois
| – | -$7.75M | -322,275 | Closed |
|
|
OM
32
Opaleye Management
Boston,
Massachusetts
| – | -$1.2M | -50,000 | Closed |
|
|
MA
33
MYDA Advisors
Woodmere,
New York
| – | -$721K | -30,000 | Closed |
|
34
UBS Group
Zurich,
Switzerland
| – | -$52K | -2,157 | Closed |
|
ESTA Hedge Fund Activity: Q2 2019 in Review
29 of the 4,605 institutional investors tracked by Wall St. Rank reported a position in Establishment Labs (ESTA) for Q2 2019, worth a combined $219M — up 43% from $153M a quarter earlier.
Buyers outnumbered sellers: 8 funds opened new ESTA positions and 5 closed out — a net gain of 3 holders — while 10 added to existing stakes and 8 trimmed.
The largest buyer was JW Asset Management, adding an estimated $70.3M. The largest seller was Avoro Capital Advisors, exiting entirely with an estimated $11.4M sold.
- 29 institutional investors held Establishment Labs (ESTA) as of Q2 2019, up from 26 in Q1 2019.
- Funds reported $219M of Establishment Labs stock for Q2 2019, up 43% quarter-over-quarter.
- 8 funds opened new Establishment Labs positions in Q2 2019 and 5 closed out, a net change of +3 holders.
- The largest Establishment Labs buyer in Q2 2019 was JW Asset Management, an estimated $70.3M added.
- The largest Establishment Labs seller in Q2 2019 was Avoro Capital Advisors, an estimated $11.4M sold.
Based on aggregated 13F filings for Q2 2019.